First off, there is a monthly Ascending triangle. The orange lines represent monthly zones. The circles show the touches of the trendline zone. So the monthly has some uptrend structure. When we look down at the Daily chart, we see at the market is currently in a downward parallel channel. However, I'm looking at it bouncing off of one of the bottom two green...
We welcome you to this last Dax analysis of the week, month and summer holiday. Thursday's session appeared quite innocent in the first hour of trading. At 9 am, Dax shot firmly upwards and this momentum lasted till noon. At around 4:30 pm, Dax fell lower by some 90 points just to correct this volatile spike even above the initial fall. Important zones...
The session yesterday started with an ascending gap which was closed yet in the morning trading hours. Sellers took Dax to retest the support level at 11 716 where we saw a power shift and buyers regained control of the further price development. The session was closed at 11 823. Important zones Resistance: 11 901 Support: 11 716 Statistics for today...
Wednesday's session was interesting too. Dax first started to descend towards our support at 12 326. shortly before this level, bulls took control and the price shot aggressively up. After a prudent upside move, Dax dropped again slowed down significantly. The statistical probability of closing inside the previous day range was also fulfilled successfully. The...
Welcome to the first session analysis of a new week. Friday's price action has been quite fruitful. For a major session duration, Dax was dropping towards a consolidation zone from 02 July, where we found buyers and the price closed somewhere mid-range session trading. The US NFP was released at 14:30, but besides one volatile candle, no major reaction was seen....
Welcome to a new trading week. Friday's session turned out as expected, but unfortunately, our zones didn't get a chance to play a role. The resistance at 12 337 and 12 373 didn't attract any sellers. They entered a bit higher at 12 409 and continued to dominate intra-day price action. Dax then closed just short of the support level laying at 12 219. Today, we...
Yesterday’s session can be characterized as a very lazy one. Dax first took a slight climb towards our resistance at 12 117 where we found some sellers. Following was a 55 points move down. That’s about it, nothing more interesting from the price action perspective as the price was ranging lazily for the rest of the session duration. The overall intra-day range...
Our analysis yesterday met our expectations. Dax did not close the gap and went right up towards the 12 207 level where we saw some sellers taking over. There was even an intra-day high formed at 12 207. Following was a descend almost to the open level and today we open with an ascending gap. Important zones Resistance: 12 144, 12 194, 12 117 Support: 12 012 ...
Yesterday, we expected a retest of 12 139 and the drop towards the trend line. Dax did not reach all the way towards the resistance zone, but the return to 12 046 level worked well. The market met both of our indications – the support zone of 12 046 and the trend line. Bulls were not strong enough in the afternoon session and the price closed slightly negative at...
Yesterday’s resistance at 12 064 functioned absolutely exemplary. There was even an intra-day high formed at this level and the price bounced some 170 points southward. Dax has eventually found some buyers just before the support retest at 11 861 and closed the day mid-range. Important zones Resistance: 12 139 Support: 11 861, 11 790 Statistics for today...
Yesterday’s session is a nice confirmation of a clear support level laying at 11 620. After the price broke out of the 11 778 level, Dax shot up to hit 11 860. The momentum was strong enough and that level didn’t slow the price at all. Bulls went even higher to close at the intra-day high at 11 985, which is btw one of the resistance levels we previously...
Long-Term Outlook: More Bullish Action. Many possibilities exist and things are looking very interesting for the longer term. The true test will be breaching the low 4k level at the resistance line. The green box inside the volume gaps could be a nice resting place if the bulls can handle the climb. Short-Term Outlook: The RSI on shorter time frames is oversold,...
CADAUD Broke the weekly support! going to down
... in the final stages of the perfect descending triangle that started months ago. Buy @ 5'300, SL @ 5'200, TP @ 5'600
BITFINEX:BTCUSD BITMEX:XBTUSD hello everyone Daily Thoughts and updates: 1D second day of confirming reversal with Heikin Ashi :eyes: how lines of MACD got closer but because of dump actually got far away from each other making it harder for positive HIST to appear RSI and STOCH are Also curving down. Generally I think PA will head more DOWN but we might...
Crude Oil 4 Hour cycle is bullish against 2/11/2016 (26.05) low and 1-hour cycle is bullish against 6/21/2017 low (42.05). Oil has ended cycle from 8/1/2016 low (39.19) and currently correcting that cycle in 3, 7, or 11 swing in wave IV. As far as bounces fail below 70.44 high, expect Oil to extend lower 1 more leg before the rally resumes. We favor the downside...
Despite the GBP's surge on Friday following the reached agreement on migration between the EU and U.K the Pound still looks like it can print a new downside leg. The Monthly candlestick closed below the key support region of 1.3250 and formed a hanging man candlestick which was mirrored on the Weekly timeframe also. Here on the Daily timeframe, we can clearly...