EURCHF Weekly/Daily/4hr/Hourly The EURCHF shuffled sideways yesterday, consolidating the recent lift from the 1.201 support. Some speculate that the SNB intervened last week, reinforcing the bounce from the poll ahead of the Swiss gold referendum. Either way, the EURCHF remains only 27pips (as of the time of this writing) from the key 1.2 level whichRead More
Tag: $DX_F
AUDUSD Bullishly Aligning on Weekly/Daily/4hr Charts
AUDUSD Weekly/Daily/4hr/Hourly Among the major USD pairs, the AUDUSD has progressed most towards forming a tradable bottom. A triple bottom appears to be forming on the weekly chart, and on the daily chart, the AUDUSD is retesting its descending triangle resistance. Significantly, Thursday’s low was higher than the low formed about two weeks earlier. BullishlyRead More
USDX (DX) Tiring at Upchannel Resistance
Euro Philadelphia Index Weekly The Euro index has begun rallying, with the weekly MACD about to positively crossover, and a positive divergence seen between the weekly RSI, Stochastics and price. Longer term, one can spot potential downside risk to 119-120, especially within the context of a monthly chart. Let’s view the EURUSD shorter timeframe chartsRead More
Arabica Coffee (KC) Surges Over 3% with Rally Resumption
Arabica Coffee (ICE KC Mar15) Weekly/Daily/4hr/Hourly KC surged yesterday more than 3.2%, and now has upward momentum even on the weekly chart, with the MACD green line flattening and perhaps positively crossing over in the next few sessions. After yesterday’s strong rally though, a bit of profittaking could hit KC in the first half ofRead More
Silver (SI) Approaching July-Current Downtrend Resistance
Euro Philadelphia Index Weekly The Euro index continues forming its tradable bottom, with the weekly MACD about to positively crossover finally, and a positive divergence seen between the weekly RSI, Stochastics and price. Longer term, one can spot potential downside risk to 119-120, especially within the context of a monthly chart. Let’s view the EURUSDRead More
EURUSD Edging Closer to Tradable Bottom
VIX (CFE VX Dec14) Weekly/Daily/4hr/Hourly The VX saw another day of mild downside pressure yesterday, but as with yesterday, has begun rebounding in today’s Asian session. The key July-September support zone (of 15-16 with the December contract) continues holding, and the VIX is now nearing the end of a symmetrical triangle as seen on theRead More
USDX (DX) Testing Upchannel Resistance
VIX (CFE VX Dec14) Weekly/Daily/4hr/Hourly The VX experienced a bit of profittaking Friday, but has begun rebounding in today’s Asian session. The key July-September support zone (of 15-16 with the December contract) is holding, and the VIX is now testing a symmetrical triangle resistance line as seen on the 4hr chart. The 4hr and dailyRead More
Arabica Coffee (KC) Completes Correction Since Mid October
Arabica Coffee (ICE KC Mar15) Weekly/Daily/4hr/Hourly KC convincingly broke out of its bottoming phase yesterday adding more than 2% on the day. Admittedly, I was about a week early in expecting the completion of this bottoming. KC appeared earlier this week to have broken beneath the ascending triangle support line as seen in the weeklyRead More
VIX Holding Support @ Jul-Sep Lows
AUDUSD Weekly/Daily/4hr/Hourly The AUDUSD continued pushing higher yesterday, and now sits just shy of a downtrend line drawn on the daily chart, suggesting resistance at roughly .875. Upchannel resistance within the 4hr chart also suggests a pause around .875. On the weekly chart, AUDUSD increasingly appears as if it might be forming a triple bottom,Read More
Raw Sugar (SB) Rallies Almost 4% and Testing Major Resistance
AUDUSD Weekly/Daily/4hr/Hourly Following an initial dip yesterday, the AUDUSD rallied over a hundred pips to near the middle of the horizontal channel that it has relcaimed (as seen in the daily chart). On the weekly chart, AUDUSD increasingly appears as if it might be forming a triple bottom, with the recent break beneath horizontal channelRead More