Upmove
CANFINHOME Trend analysis moving upsideCanfinhome took strong support and now its moving upside as per the daily chart. we can see more upside from here or after small pull back.
Soybeans - Look at this interesting chartLook at this really interesting chart of Soybeans. I entered long Corn almost a week ago and I was waiting for a good signal on soybeans. The price reached the rejection line of the descending channel. Volumes dropped on the last down move, and the 14 periods RSI shows a strong divergence. I believe a break back above 900 dollars would be a strong bullish signal.
FX CHART OF THE DAY: AUDUSD UPWARD MOVE PROBABILITYAUDUSD is trading at the relevant highs above (but close to) upper 1st standard deviation from weekly (120-hour mean) -- which is a border of potential uptrend. However volatility is still compressing (measured by 3.2 standard deviations from weekly mean), thus risk of mean revertion downward is still there.
Traders can pick longs close to the relevant highs (0.7420), but stop should be placed near - below relevant highs at 0.7395 (price can fall further to the mean if lows taken out amid compressing volatility)
