USDCHF Bounces Off 11 Month Uptrend Support

As seen on Bloomberg, Refinitiv (Thomson Reuters), Factset, Interactive Brokers, Amazon,Liquid (Quoine) and Zerohedge, Tradable Patterns ( provides daily technical analysis on a subset of three CME/ICE futures (commodities, equity indices) and spot FX markets, which it considers worth monitoring for the day/week for trend reversal or continuation, along with a separate weekly technical analysis newsletter on Bitcoin (BTCUSD), Ethereum (ETHUSD) and Ripple (XRPUSD or XRPJPY). For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

Happy 2019! Hope you've all enjoyed the holiday season. On Jan 8, Today's Top 3 Trades made another important tweak to its format (described here ), due to suggestions by readers to maintain a top trade idea of the day, irrespective of asset class.

The USDCHF is forming its 3rd straight green daily candle going into today's European morning, as it breaks above a month long downchannel resistance (on the daily chart). Significantly, the USDCHF bounced last week off ascending wedge or 11 month uptrend support (on the weekly chart), and still has 200 pips roughly of potential upside before it hits the same wedge's resistance. The market will be waiting for any unexpected announcements from the G20 meetings today. The weekly, daily and 4hr RSI, Stochastics and MACD are bottomish, rallying or consolidating recent gains. I am looking at entering long in the green zone (of the daily chart), targeting the red zone for Monday. The amber/yellow zone is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I sometimes set my stops tighter).

USDCHF Weekly/Daily/4hr

NG (Natural Gas) Technical Analysis

Visit for today's technical analysis on GBPAUD, Natural Gas