Evening Traders, Today’s analysis – XRPBTC- impulse break back into structure with the immediate target being range resistance. Points to consider, - Swing low failure (local trend change) - Range support confluence (.50 Fibonacci & 200 DMA) - Range resistance target - Oscillators diverting to neutral - Clear Volume influx (temporary top) XRPBTC’s...
Evening Traders, Today’s analysis – USDAUD – formed a double bottom structural with the immediate target swing high upon an S/R flip confirmation. Points to consider, - Immediate trend bullish - Structural support confluence (.618 Fibonacci, 21 MA) - Local support respected - Oscillators over-extended - Swing high target USDAUD's immediate trend is...
Evening traders, Today’s analysis – XMRUSDT- in a strong uptrend respecting its EMA’s, continuation is likely into daily resistance. Points to consider, - Consecutive HH’s &HL’s - EMA’s support confluence (.618 Fibonacci) - Daily S/R level (Respected) - Oscillators diverging - Increasing volume XMRUSDT’s trend is establishing higher highs and higher lows; this...
Evening Traders, Today’s Analysis = NZDUSD – trading at key structural resistance in a bearish pattern, a move down is probable. Points to consider, - Trend rising wedge - Strong structural resistance - Local support confluence - Oscillators divergence - Volume declining NZDUSD’s immediate trend is in a rising wedge pattern with price action close to...
Evening Traders, Today’s analysis –RENBTC- impulse sell coming into structural support where a bounce is probable. Points to consider, - Local double top - Support flipped (local resistance) - Structural support confluence - Oscillators above 50 - Volume below average RENBTC had an impulse reaction from its double top region, breaking a key level now...
Evening Traders, Today’s Analysis – BNBBTC – respecting weekly support and breaking above a key daily level, swing high is the immediate target. Points to consider, - Local trend impulse sell (oversold conditions) - Macro weekly support - Technical confluence (.618 Fibonacci & 21 MA) - Oscillators overextended - Volume below average BNBBTC impulse sell...
Evening Traders, Today’s Analysis- CADJPY – price impulse through key structure, an S/R flip retest will validate it as support. Points to consider, - Trend oversold bounce (RSI) - .618 Fibonacci (Resistance) - Structural support (S/R Flip) - Stochastics sell cross - Volume influx CADJPY trend impulse was due to oversold conditions indicated by the RSI. A...
Evening Traders, Today’s analysis – GBPUSD – in a technical area of confluence, a retracement to the .618 Fibonacci is likely. Points to consider, - Local trend swing high - Equal highs ( Liquidity grab) - Local support confluence (.618 Fibonacci) - Oscillators overextended - Volume increasing GBPUSD is testing a key level with equal highs. This increases...
Evening Traders, Today’s Analysis – KNCUSDT – bullish price action trading into its apex where a break will be imminent. Points to consider, - Consecutive higher lows - 21 MA support - Key structural resistance - Oscillators above 50 - Strong volume influx KNCUSDT has established consecutive higher lows under key structural resistance; this gives us a...
Evening Traders, Today’s analysis –UBER- breaking range support bearish, the immediate target is the supply zone upon a valid bearish retest. Points to consider, - Macro trend bearish - Range support S/R flip - 200 MA resistance - Oscillators below 50 - Volume below average UBER’s macro trend has established consecutive lower highs, this helps determine...
Evening Traders, Today’s analysis – XRPBTC- deviating from rage trading back into structure, immediate target is taking out local high for continuation. Points to consider, - Macro trend bearish (counter trend) - Support confluence (.618 Fibonacci/ supply zone) - Range resistance - Oscillators neutral - Increasing volume XRPBTC’s macro trend is bearish...
Evening traders, Today’s Analysis – CADJPY – impulse sell through technical level, rallies are to be sold into as the trend is bearish. Points to consider, - Macro trend bearish - Daily support (immediate target) - Local resistance (bearish retest) - Oscillators below 50 - Volume below average CADJPY’s macro trend is bearish with consecutive lower highs;...
Good morning traders and a happy Monday. Fundamental analysis: Were starting the week off with some major data events coming out of both the US and Europe. Firstly we have the German Ifo Business climate (EUR) coming out at 09:00 GMT (my local time). This has the power to move the market a substantial amount therefore i will not be entering a trade until we see...
Evening Traders, Today’s Analysis, - USDCAD – impulse sell into structural support where a relief rally is probable. Points to consider, - Trend oversold bounce - Structural support (trade location) - Local resistance (.618 Fibonacci Confluence ) - RSI swing low failure - Market structure needs to hold USDCAD’s impulse sell hit oversold conditions causing...
Evening Traders, Today’s Analysis – EURAUD- impulse break through daily support, reclaiming the level. A retest of structure must hold for continuation. Points to consider, - Oversold bounce follow through - Daily support (S/R Flip retest) - Range Midpoint (Immediate target) - RSI neutral - Stochastics overextended - Volume follow through EURAUD’s...
Evening Traders, Today’s Analysis – GBPJPY- at a pivot point on the chart, price is likely to impulse down if dynamic resistance is respected. Points to consider, - Macro trend bearish - Resistance confluence - Oscillators diverging - Volume below average - Range support target GBPJPY’s macro trend has been putting in consecutive lower highs – this...
Evening Traders, Today’s analysis – USDJPY- breaking down from structural resistance with bearish price action, further downside is likely. Points to consider, - Macro trend bearish - Impulse sell through level - S/R flip (bearish retest) - Bearish price action - Local support target USDJPY’s trend has put in consecutive lower highs giving the market a...
Evening Traders, Today’s Analysis – BNBBTC- establishing a double bottom and respecting its 21 MA, daily resistance will be the immediate target when price breaks range. Points to consider, - Dynamic resistance breached - Strong support confluence (Retest area) - 200 MA current resistance - Oscillators above 50 - Volume below average - .618 Fibonacci long...