Trade Charting

[...] more into stocks and also back to the USD on Friday. Oil: Oil has printed another bullish weekly candle and we may have got as close to $40 support for now as we are going to get. Note how USO [...]

[...] right up under the 0.82 level and printed a bullish engulfing candle; the first bullish weekly candle for seven weeks! Price also moved back above the 4hr Cloud although, the A/U has broken back [...]

[...] Cloud on the 4hr, daily, weekly and monthly charts which is a bearish development. The weekly candle closed as a large ‘bearish engulfing’ candle. There is an open TC signal on this pair. E/J: [...]

[...] need to wait and see a monthly candle close below 1.18 to confirm here. There has been a weekly candle close now below 1.18 however. Price is trading below the Ichimoku Cloud on the 4hr, daily, [...]

[...] for the XJO: ASX -200: XJO weekly: I am still seeing divergence on the monthly S&P500 monthly chart and whilst this might just be warning of a pause, as the index navigates these new highs up [...]

[...] continuation would not sursprise me: I am still seeing divergence on the monthly S&P500 monthly chart though and whilst this might just be warning of a pause, as the index navigates these new [...]

[...] proof of the power of the 61.8% Fibonacci level then you need look no further than either the monthly chart of Gold or the EUR/GBP. EUR/USD and GBP/USD traders would be well advised to consider the [...]

[...] to 4,800: DJIA: pushing up to 18,000: I am still seeing divergence on the monthly S&P500 monthly chart though and whilst this might just be warning of a pause, as the index navigates these new [...]

[...] , price is above the 4hr Cloud but well below the daily Cloud. GBP/JPY: no TC signal here just now either although one is trying to form. BoJ news could help [...]

[...] bearish: Other FX: U/J: is still within the daily chart triangle, the 4hr chart channel and the daily Cloud. The rang-bound nature here may serve as bit of a warning to longer time frame trend-trading [...]

[...] shorter time frame charts during the US session seem to offer the safest trading here: Silver Daily Cloud: Silver is above the 4hr hour Cloud but has yet to move above the daily Cloud. Note that the [...]

[...] situation, isn’t really surprising. G/U 4hr Cloud: price is holding above the 4hr Cloud: G/U daily Cloud: price is stuck in the daily Cloud and so trading this recent TC signal wasn’t the smartest [...]

[...] out a bit of a relief bounce/rally today and Gold has actually broken up through a 2 year+ trend line! I have received one new TC signal but here are some major technical levels in play on some [...]

[...] reward $20 move: Gold daily: Silver: gave a great 30 min chart trade during the US session. Trend line and $15 support are just below current price: Silver 30 min: gave a decent 40 cent+ move: [...]

[...] above this level would be a significant bullish shift. There is a 6-month duration support trend line well below current price now (see daily chart) but any future pull back would look to test the [...]

[...] to boost the USD above this threshold. The daily chart shows that the 6-month duration support trend line is well below current price and any future pull back would look to test the 90, 89.50, 89 and [...]

[...] to flatten out: Gold 4hr Cloud: Gold is above the 4hr Cloud and the 4hr Cloud is now bullish: USD Index: The USD index plays a key role in determining  the moves with Gold. The USD has been bullish [...]

[...] The USD index is still ranging in no-mans land between 92.50 support and 95.50 resistance. It is my thesis [...]

[...] in the face of major fundamental events, such as these, is quite challenging. USD index: Bearish ‘Double Top’ or bullish ‘Bull Flag’ forming? The USD index is still under a [...]

[...] though and the only real hope for further bullish activity would seem to hinge on whether the USD index continues to pull back from its current high.  As noted over recent weeks, divergence between [...]

[...] if price can clear the $15 / 61.8% fib congestion zone: TOL weekly:Toll Holdings: has made a bullish breakout above $6: TAH monthly: Tabcorp Holdings: looks bullish to me above $4: TPM weekly: TPG [...]

[...] , the 78.6% fib and is a long term S/R level that can be best seen on the monthly chart. Any bullish breakout on the USDX above 90 would help to bring about this bearish move. However, any continued [...]

[...] is also building. There is no guarantee but on this current tangent I would expect a bullish breakout: XJO daily: watch for any triangle breakout here: Comparison to US Indices: The two Aussie [...]

[...] under the bear trend line. The trend line has been in force for over 7 months so any bullish breakout would be significant. Keep an eye on the daily Cloud too. There is still a fair way to go [...]