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...
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...
XAUUSD is in bullish momentum at the long/swing terms. If the price will breakout the support below it indicates the price tends to reach the demand below, In that case, I'll look for a price action setup to sell XAUUSD, the demand below will be the target. This demand is also a great level to buy XAUUSD and join the bullish momentum. The target for the buy...
Friday's session was relatively difficult to trade. It looked like the price might go down a few times, but bulls were stronger and took the price towards our resistance at 11 606. In the end, the gap between the sessions wasn't closed and the trendline wasn't even relevant. For today, we open with yet another ascending gap. Important zones Resistance: 11...
Thursday's session turned as expected. Dax broke the previous day low, which had a statistical probability of 96%. Sellers were dominant right from the beginning and proved their strengths yet before 11 629 so the profit potential wasn't that exciting. Dax dropped some 300 points just to almost fully correct this drop later in the day. Thursday was a rollercoaster...
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...
Yesterday's session didn't offer any excitement exactly as we thought. What is important is that our resistance level at 11 702 functioned pretty well. Dax also broke neither low nor high of previous day range and this was corresponding with a very low statistical probability given by our application. Today we open with a significant ascending gap. Important...
For the long terms, as we can see on the W1 chart on the left side of the chart, the USD/JPY tends to reach the demand at the bottom. On the H1 chart, we can see how the price creates 2 fresh supply levels above. Each one of the supply is a potential level for continuation sell trade. I'll sell at the supply above and the stop loss will be few pips above this...
Welcome to the first analysis of the 31st week. Friday's session turned out really nice. We found buyers at a good Thursday close support level and there was an intraday low formed there as well. Besides only one significant short candle at 2pm, Dax was drifting upwards for the whole intraday trading. The price then closed near its high. Important zones...
Yesterday we had a clear bullish bias as the statistics suggested the retest of previous day high and the gap closure. Both of these statistics were successfully fulfilled and those who took advantage of this might have scored nice profits. The beginning of yesterday's session started with a slight downward move caused by French and German PMI reports, before the...
A Confluence of Bullish Outside Bar Candlestick Pattern and a Significant Support Zone GBP/USD has formed a bullish outside bar candlestick pattern in the H4 time frame. We can see in the H4 chart how the last big green candle in the picture attached engulfed the previous four candles and closed at the highest. If we look at the high time frames charts (W1 or...
Yesterday's session was fully dominated by bulls. They managed to grab the momentum taking Dax slightly above the resistance level of 12 330 that we highlighted yesterday. This zone functioned with a slight delay as the price corrected shortly after. The session was closed in black numbers priced 12 293. Important zones Resistance: 12 380 Support: 12 234, 12...
Despite The “Ships War” in Strait of Hormuz, USOIL Keep Falling Down In the W1 chart on USOIL, the last candlestick ended as a bearish engulfing candlestick which engulfed the three previous bullish candles. We can see how the big red candle on the picture closed below the low of the three previous bullish candles. That bearish Engulf Candlestick is a signal to...
A Confluence of MACD Divergence in W1 Chart and Fresh Demand in H1 Chart If we look at the W1 chart of GBP/USD, we can see the price just arrived into support zone. The source of this support is a demand level from April 2017. In December 2018 the price tested this demand twice, and now, it's the third time the price reaches there. A demand level that tested a...
After SPX500 Reach New High Record, What are The Signals For Reversal Opportunity? last week ended with new high records for the US indexes. The main reason for the stock market to keep rising up is the high expectations for an interest-rate cut from the Federal Reserve. these expectations came after Federal Reserve Chairman Jerome Powell testified before the...
A Confluence Between Head & Shoulders and CCI Divergence If we look at the long term charts (D1 or W1) we will see the EUR/AUD is in bullish momentum. The recent technical correction which starts about three weeks ago created a Head and Shoulders pattern. Head and Shoulders pattern that came after a long trend usually indicates a reversal opportunity. At the...
Yesterday's session turned out to follow our hypothesis only partially. Dax started its decline towards 12 391, but buyers didn't use this level to enter the market. Following was a descend towards the second support zone in a row, laying at 12 326, yet this price wasn't reached and Dax reversed upwards. In the end, Dax closed approximately in the middle of its...