Evening Traders, Today’s Analysis – EURJPY – breaking daily resistance with no follow through, a retest of local support is likely for a probable bounce. Points to consider, - Impulse sell off - Local support ( trade location) - Daily Resistance (immediate target) - Oscillators (not currently overextended) - Volume Climax ( follow through) EURJPY impulse...
Evening Traders, Today’s Analysis – RENBTC – trading above structural level with Fibonacci confluence, RENBTC is likely to rise up validation of this level. Points to consider, - Structural S/R Flip (Retest) - Technical Confluence (Trade location) - RSI Falling Wedge pattern - Bull Impulses (PA validation) RENBTC is re-testing its structural S/R flip;...
Evening Traders, Today’s Analysis – Facebook – trading above range midpoint with a hidden bullish divergence , immediate target - range resistance. Points to consider, - Trend bull pennant - Range support respected - Range resistance target - RSI hidden bullish divergence - Stochastics above 50 Facebooks trend is forming a probable bull pennant above range...
Evening Traders, Today’s Analysis – GBPJPY – clear impulse bear move from resistance, next structural target is range support. Points to consider, - Impulse sell off - Range mid-point (bearish retest) - Range support target - Oscillators overextended GBPJPY had an impulse sell off putting in a volume climax node, marking an end to the temporary sell...
Evening Traders, Today’s Analysis – GOLD – trading in a range with a probable inverted head and shoulders, further price development is needed. Points to consider, - Impulse bull move (range resistance) - 200 Moving Average support - Neckline target - Oscillators above 50 GOLD retraced from range resistance to the .618 Fibonacci where it established its...
Evening Traders, Quick Analysis on the SPY - trend is still bullish until the channel is broken. Points to consider, - Channel Resistance Respected - 200 DMA Confluence - RSI Support - Stochastic Momentum Down SPY is in a technical channel testing support that is in confluence with the Daily 200 MA, a bounce here is probable. Breaking support will mean...
Evening Traders, Today’s Analysis – NZDUSD – impulse move above daily resistance with an immediate sell off, indicating a liquidity pool. Points to consider, - Impulse bull move ( Volume Climax) - Short liquidity (Daily Resistance) - Bearish Engulfing candle (Short Selling) - Local Support target - Overextended Oscillators NZDUSD’s impulse bull move ended...
Evening Traders, Today’s Analysis – USDJPY – Impulse move into daily support with an oversold bounce recovery. A swing low failure in the RSI will show strength, immediate target will then be range resistance. Points to consider, - Trend oversold bounce - Range support retest - Resistance confluence (200&21 MA, Range Mid-Point) - RSI below 50...
Evening Traders, Today’s Analysis – ETHBTC – Trading at key structure, daily structural support is in confluence with down the down sloping resistance, ETHBTC is in its Apex. Points to consider, - Double bottom trend - Trend line resistance (Lower highs) - Daily Structural Support - Stochastics overextended - Apex (break imminent) ETHBTC is trying to establish...
Evening Traders, Today’s Analysis – BTCUSD – breaking down once again from the $10,000 Psychological level, now trading at local resistance. Points to consider, - Impulse bear move down - Local resistance (multiple confluences) - Range support (bear target) - RSI and Stochastics overextended - Volume Climax evident. BTCUSD’s impulse move down broke below local...
Evening Traders, Todays Analysis – VeChain- trading above its macro double top resistance, the next logical target, daily resistance. Points to consider, - Structural Resistance Breached (Double Top) - 2.618 Fibonacci Target (Daily Resistance Confluence) - Valid Parabola (Strong Bull Impulses) - Increasing Volume (Volume Climax Node, Temporary...
Evening Traders, Today’s Analysis – GBPUSD – making an impulse move back into structure with a valid bullish divergence playing out, price is likely to put in a retest. Points to consider, - Swing Low Failure - 200 MA Resistance - Support Retest (S/R Flip) - RSI above 50 - Stochastics projected up Price put in a swing low failure which was backed by bull...
Evening Traders, Today’s Analysis – VETUSDT – Trading at a high time frame structure where a pivot in the trend is highly probable. Points to consider, - Structural Resistance Cluster - Abnormal Bull Volume - Important Weekly Close - Stochastics Momentum Up VETUSDT is trading at an important resistance cluster where a weekly candle close in the zone will...
Evening Traders, Today’s Analysis – AUDUSD – recovering from weekly oversold conditions, trading in an important range where further price development will allow for a directional bias. Points to consider, - Weekly Trading Range - 21 MA Breached - Technical Bearish Divergence - Oversold Bounce - Extended Stochastics AUDUSD has entered its macro weekly...
Evening Traders, Today’s Analysis – XLMBTC – must hold range median upon a retest to test structural resistance (range high) Points to consider, - Range median (local support) - S/R flip retest must hold - Structural resistance (Immediate target) - Volume below average XLMBTC’s range median is in confluence with local support, a trade location where an S/R...
Evening Traders, Today’s Analysis – RLCBTC – breaking out of its falling wedge , it needs to establish a weekly candle close above resistance for further continuation. Points to consider, - Local Resistance (Key level) - 21 MA (Visual support) - Technical Target Confluence - Stochastics Buy Cross - RSI Breaking 50 - Increasing Volume RLCBTC needs to close...
Evening Traders, Today’s analysis – CADCHF –broke local resistance from oversold conditions; next technical target is at structural resistance. Points to consider, - S/R Flip retest - Structural resistance (trade location) - RSI above 50 - Stochastics in an rising wedge CADCHF needs to put in an S/R flip retest to validate support, this retest will allow...
Evening Traders, Toady’s Analysis – BTCUSD – establishing a bull trap, now trading back into its apex where a breakout is probable Points to consider, - Strong resistance cluster (Bull trap) - Support and resistances converging (Apex) - RSI and Stochastics showing weakness - Volume declining BTCUSD has had a sharp sell off at resistance cluster, trapping long...