Evening Traders, Second Analysis – GOLD – approaching key Local S/R where a technical bearish retest is probable. Points to consider, - Rising Wedge (Bearish) - Local S/R Resistance - 200 MA Resistance - .618 Fibonacci Confluence - 21 MA Dynamic Support - Oscillators Technical Divergence GOLD’s immediate Price Action is trading in a rising wedge,...
Evening Traders, Today’s analysis – BTCUSD – breaking back below Monthly S/R, pull backs on low volume indicates weakness, Points to consider, - Impulse Price Action - Local S/R Support - Resistance Confluence - Oscillators Below 50 - Volume Climax BTCUSD’s immediate price action is bearish by breaking below Monthly S/R, this allows us to have a bearish bias on...
Evening Traders, Second update – AUDUSD- Price Action is approaching range high where resistance is probable to establish a bearish retest. Points to consider, - Impulse Price Action - Range Low Support - Range High Resistance (Bearish Retest Zone) - Oscillators below 50 - Volume below average AUDUSD’s immediate Price Action is impulsive, approaching key...
Evening Traders, Today’s Analysis – USDCHF- breaking key Daily S/R, holding structure will change the local trend. Points to consider, - New swing high - Daily S/R Support (200 EMA & .618 Fib) - 21 MA Resistance - Oscillators Divergence - Volume Below Average USDCHF’s Price Action has established a new swing high above Daily S/R. This shows strength in...
Evening Traders, Today’s Analysis – NZDUSD- trading in an Ascending Broadening Wedge with bearish price action, a retest of Weekly S/R likely. Points to consider, - Bearish Structure (H&S Pattern) - .618 Fibonacci Resistance - Weekly S/R Support (200DMA Confluence) - RSI Bullish Divergence - Stochastics Buy Cross - Volume Declining The current price...
Evening Traders, Second Analysis – QTUMUSDT- bearish Price Action with consecutive lower highs, a back test of Daily S/R is probable. Points to consider, - Bearish Price Action - Key Dynamic Resistance (200 MA & .618 Confluence) - Swing Low (Temporary Bottom) - RSI Respecting Trend - Stochastics Bearish - Low Volume QTUMUSDT is trading with bearish Price...
Evening Traders, Today’s Analysis – XTZUSDT- trading in a valid rising wedge, approaching key resistance where a rejection will be plausible, Points to consider, - Rising wedge pattern (Bearish) - 21 MA immediate support - Daily S/R Resistance (.618 Fibonacci Confluence) - RSI Respecting Trend - Stochastics Bearish Divergence - Volume Below...
Evening Traders, Second Analysis – ATOMUSDT- trading at resistance where a bearish retest to the downside is probable. Points to consider, - Trend lower highs - Range- Mid Support - Daily S/R Resistance (21 MA & .50 Fibonacci Confluence) - Oscillators below 50 - Declining Volume ATOMUSDT’S immediate trend is bearish due to consecutive lower highs and...
Evening Traders, Today’s analysis – USDCAD – price approaching key Daily S/R where a bearish retest is probable, Points to consider, - Bearish Market Structure - Range-Mid (Support) - Daily S/R Resistance (.618& 200DMA confluence) - Oscillators extending USDCAD’s Market Structure is bearish with consecutive lower lows and lower highs, this allows for a...
Evening Traders, Second Analysis – GBPUSD- testing Weekly S/R that has technical confluence, a bounce here is probable. Points to consider, - Impulsive Price Action - Weekly S/R (Support) - .50 Fibonacci (Resistance) - Stochastics Buy Cross - Evident volume Climax GBPUSD’s immediate Price Action has been impulsive to the downside, currently testing a key...
Evening Traders, Today’s analysis – ADAUSDT- initial respect of the weekly resistance, Price Action has a probability if retracing here. Points to consider, - Impulsive Price Action - Range-mid support (21 MA Confluence) - Weekly S/R Resistance (200 MA&EMA Confluence) - Oscillators overbought - Volume Climax The immediate Price Action on ADAUSDT has been...
Evening Traders, Second analysis – GOOGL – testing key 200DMA where a bounce into Daily S/R is probable, Points to consider, - Bearish Price Action - 200DMA (Support) - Daily S/R Resistance - RSI Hidden Bullish Divergence - Increasing Volume GOOGL’s immediate Price Action from swing high is bearish where a back test and respect of the Daily S/R will...
Evening Traders, Today’s analysis – AUDUSD – impulse sell from swing high, further downside probable, Points to consider, - Trend bearish - Daily S/R Support - Local S/R Resistance - Oscillators approaching oversold - Volume below average The immediate trend for AUDUSD is bearish due to impulse sells. This allows us to have a bearish bias on the market....
Evening Traders, Today’s analysis – TSLA- swing high back into range, price action is currently bearish under range high. Points to consider - Bearish impulse break - Range low support - Range high resistance (bearish retest) - Stochastics sell cross - .618 Fibonacci TSLA’s bearish impulse back into range allows us to have a bearish bias on the market....
Evening Traders, Today’s analysis – SPY- confirming support on Daily S/R, short term bounces are likely to respect .618 Fibonacci. Points to consider, - Bearish price action - Daily S/R (Support) - .618 Fib Resistance (21 MA Confluence) - RSI below 50 - Stochastics buy cross - Volume below average SPY’s immediate price action is bearish from swing high;...
Evening Traders, Second analysis – AUDJPY- price putting in a range deviation, any rallies are to be faded. Points to consider, - Trend bearish PA - Range High Resistance - Range Low Support - Oscillators Extended - Low Volume AUDJPY’s immediate price action is bearish by establishing a range deviation; this allows us to have a bearish bias on the market....
Evening Traders, Today’s analysis – THETAUSDT – trading in a descending broadening wedge, confirmation on a break of dynamic resistance, Points to consider, - Trend bullish (consecutive higher lows) - Support confluence o 200 MA o Local S/R o .618 Fibonacci - Dynamic Resistance - Oscillator Equilibrium - Declining Volume THETAUSDT’s immediate trend is...
Evening Traders, NWCUSDT update, trading in a equilibrium closing in on its apex, a break will be imminent. Points to consider, - Trend higher lows (Dynamic Support) - Valid demand zone (wick candle closes) - Price Apex (Support and Resistance converging) - Local Range - Volume profile increase NWCUSDT’s immediate price action is trading in...