Evening, Today’s analysis, NZDCHF respecting the 2.618 Fibonacci Extension with the next projected trade location at structural resistance Points to consider, - Oversold bounce recovery - Structural resistance retest - 21 MA breached - RSI swing low failure NZDCHF’s oversold bounce recovery is projecting structural resistance to be tested. A bearish...
Evening Traders, Today’s Analysis – SILVER – an impulse move back into its range from oversold conditions, breaking resistance will likely test the 2.618 Fibonacci Extension. Points to consider, - Range trading between macro levels - Fibonacci Extension levels being respected - Major structural resistance level to breach - RSI in overbought SILVER is back...
Evening Traders, Today’s Analysis – NZDJPY – breaking a key level where an S/R flip will confirm structural support. Points to consider, - Impulse bull move (breaking key level) - Bearish Divergence evident (allowing for a retest) - Structural Resistance (immediate target) - RSI putting in lower highs - Stochastics sell cross NZDJPY broke resistance with an...
Evening Traders, Today’s Analysis – CRLBF – showing signs of a confirmed trend change, holding structural support will establish another higher low. Points to consider, - S/R Flip at structural level - Structural resistance (Immediate target) - RSI Cooling off - Stochastic in upper regions - 21 Moving Average (Visual guide) - Increasing bull...
Evening Traders, Today’s Analysis – GBPJPY – trading at a key Fibonacci Retracement with local resistance confluence, a short trade here is plausible. Points to consider, - .618 Fibonacci - Trend line support - RSI bearish divergence - Stochastics neutral - Bull volume climax GBPJPY is at a key trade location with resistance coming from market structure and the...
Evening Traders, Today’s Analysis – AUDUSD – trading in a rising wedge pattern at key structural resistance, a break bearish is plausible. Points to consider, - Consecutive higher lows - Strong structural resistance - Technical target (local support) - RSI and Stochastics lower high projection - Volume influx needed AUDUSD has been putting in consecutive higher...
Evening traders, Today’s Analysis – USDCAD – breaking key support where a bearish retest will allow for a short with defined risk. Points to consider, - Trend line resistance - Structural support retest - Range median (local support) - RSI oversold - Stochastics extended - Volume needs to increase The trend line resistance has made USDCAD put in...
Evening Traders, Today’s Analysis – BTCUSD – forming a falling wedge pattern that is YET to be confirmed. A break of resistance needs to come to fruition before a long trade. Points to consider, - Bullish falling wedge - Apex approaching - Demand Zone (Strong support cluster) - RSI below 50 - Stochastics projecting higher lows - Volume Declining The...
Evening Traders, Today’s Technical Analysis – XTZUSDT – a break out is imminent as volume continues to decline; key structural levels are likely to be tested. Points to consider, - Trend bullish (consecutive higher lows) - Trend line support holding true - Current resistance .618 Fibonacci - RSI above 50 - Stochastics projecting down - Declining volume...
Evening Traders, Today’s Analysis – EURJPY – broke structural resistance, consolidation above this level will likely put in a higher low. Points to consider, - Structural support confirmed (S/R flip retest) - 1.414 Fibonacci Extension respected - RSI above 50 - Stochastics in upper region - Volume below average EURJPY S/R flip has been confirmed with a...
Evening Traders Eid Mubarak to those who celebrate it! Today’s Analysis – ETHBTC – breaking its neck line now forming a potential bull flag with the technical target associated at structural resistance. Points to consider, - Inverse H&S /Bull Flag pattern - Structural resistance confluence - Neckline support - RSI above 50 - Stochastics momentum store up...
Today’s Technical Analysis – EURUSD – testing local support, a bearish retest will allow of a short entry. Points to consider, - Double top resistance (bearish formation) - Local support confluence - RSI below 50 - Stochastics buy cross - Volume below average The double top resistance was established with an impulse sell off into local support, which is the...
Evening Traders, Today’s Technical Analysis – XRPUSDT- respecting its range median, a bearish retest will allow for a short entry. Points to consider, - Trend bearish (consecutive lower highs) - Bearish retest (trade entry) - Range median (local support) - RSI and stochastics below 50 - Volume below average XRPUSDT is in a defined lower high projection,...
Today’s Technical Analysis – GBPNZD – respected structural support, a bearish retest of resistance is likely. Points to consider, - Structural support confluence - Resistance range - RSI cooling of f - Stochastics buy cross - Volume below average GBPNZD is in a defined downtrend with consecutive lower highs. The structural support is in confluence with the...
Evening Traders, Today’s Technical Analysis – BTCUSD – a breakout is imminent as support and resistances converge. Points to consider, - $10,000 Psychological Resistance - Up sloping support - Declining volume (Apex) - Range Median - RSI above 50 - Stochastics equilibrium BTCUSD’s current price is above its range median, .50, currently trading under the...
Evening Traders, Today’s Technical Analysis – GOOGL – breaking a multi-year weekly resistance with strong volume. Consolidation and a retest of structure will confirm a new range. Points to consider, - Multiple weekly closes - Strong volume - S/R Flip retest (confirmation) - Local high (blue sky breakout GOOGL has closed consecutive weekly candles above...
Today’s Technical Analysis – USDCHF- trading in equilibrium where a break is imminent Points to consider, - Structural resistance (bearish retest) - Declining volume - Apex - RSI at 50 A break in USDCHF will be imminent as price continues to reach its apex. The support and resistance lines will converge leading into a break in structure. The structural...
Today’s Technical Analysis – ETHBTC – testing a weekly level with an important candle close Points to consider, - Weekly structure - S/R flip - Volume below average - Structural resistance ETHBTC is testing an important weekly zone that must remain as support to further solidify the S/R Flip. A bullish candle close (hammer candle) on a weekly structure...