Yesterday's session range was quite below average. Dax was moving sideways without any clear direction and no significant momentum was seen. The price retested our resistance zone at 12 420 where it bounced off, but no other action to capitalize on was seen.
Important zones
Resistance: 12 420
Support: 12 310
Statistics for today
Detailed statistics in the...
The price open this week with a Gap down and creates a fresh supply.
This supply is a great level for sell position,
I'll sell on the first touch and the demand below will be the target.
Friday's session ended again in green numbers. We closed at 12 453 and today we have opened with an unexpected short gap. The short gap of 90 points was probably influenced by Saturday's attacks on oil facilities in Saudi Arabia. Due to this situation, the oil price has increased by about 11%, which will negatively affect companies including the ones quoted in the...
AUD/USD is bullish at the moment,
It seems the price tends to reach 0.6850 zones which is the next fresh supply.
A few hours ago the price performed a new fresh demand.
I'll use this demand as a continuation level for buy position.
Meanwhile, we can see how the price compressed toward this demand.
when a price compressed toward demand it's a great setup to buy.
I'll wait for the price to break one of the triangle's lines first.
Then I'll look for a price action setup to open position,
Most likely the price will break out the support below, but, sometimes the price can surprise, so I'll wait to see.
In the long term, the EUR/USD is in bearish momentum.
The fresh supply above which also confluence with Fibonacci 38.2% is a great continuation level for sell position,
To Read The Full Analysis: the5ers.com
USDCHF compressed up toward the fresh supply above.
Price compressed toward supply is a great price action setup.
In addition, there is also a clear MACD divergence which makes this level even more reliable for sell position.
To Read The Full Analysis: the5ers.com
Monday's session turned out as per our expectations. Although there was no short to capitalize on, one of our hypothesis was the significance of trend-line to support bullish traders. The resistance at 11 723 slowed down the price incline but no big short correction was seen. Today we open with a small ascending gap, which has a 60% probability of...
Fresh Demand For Continuation Position inside a triangle pattern on the D1 time frame chart,
We can see the fresh demand on the H1 chart.
To Read The Full Analysis: the5ers.com
Welcome to this first analysis of the month of September. Friday's session started by a relatively fast retest of our resistance zone at 11 899, which hasn't even slowed down the price momentum. The uptrend was seen until 15:00 when Dax corrected the bullish move by descending lower to retest the newly formed support at 11 899 which was our valid resistance at the...
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...
Yesterday's session drew a nice 'V' shape. The price started to fall towards the support level of 11 561 right from the beginning of the session and this was the area where price marked its intraday low and bounced back upwards. The first support zone laying at 11 678 had little effect. The statistical probability about closing inside the previous day range was...
Friday's session started relatively innocent. As per our expectations, Dax descended to hit our support zone of 11 759 and closed the gap. We also saw buyers attempting to regain control before the storm hit the markets. News had it that China retaliated on the US import taxes and to no surprise, Trump's swift reaction on Twitter caused even more havoc when he...
Our yesterday's analysis turned out absolutely successful. Dax bounced from our mentioned trendline, broken Wednesday'shigh and then returned to Wednesday's range, which had a statistical probability of 77%. Today we open with an ascending gap.
Important zones
Resistance: 11 899
Support: 11 759
Statistics for today
Detailed statistics in the Statistical...
Unfortunately, yesterday's session didn't go according to our expectations. We've had clues for a bearish move and breakout of the previous day low, but Dax proved otherwise. The price was trending upwards with a strong momentum right from the beginning of the session and the resistance at 11 691 played no role too. Dax slowed down later in the afternoon, yet...
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