DenisRisticFX

DenisRisticFX

Two scenarios. Price hits 4550-4600 and stalls in a range to either, Scenario 1, break down and rebalance the BISI FVGs formed at end of October throughout November. Scenario 2, price ranges around 4550-4600 levels before taking out 4640 highs, reaching for 4750.

DenisRisticFX Updated 

TVC:DXY is currently trading in a consolidation pattern and is located in the premium end of the trading range between 104.447 and 103.013. The August 30 candle swept the short term daily sellside liquidity at 103.013 into the Weekly BISI fair value gap which was nearly totally rebalanced. Upon leaving the Weekly FVG range, it was repriced to the premium end of...

DenisRisticFX

Bitcoin is looking a little heavy since creating a dead cat bounce on Aug 29, rebalancing some of the Weekly SIBI FVG from Aug 17 which closed as an extended range candle. Price is within a daily range between 28184 high and 25234 low. I am expecting the monthly pool of sellside liquidity to be targeted in the coming days reaching for 24750 price level. If...

DenisRisticFX Updated 

WTI has been steadily appreciating in price since May 2020 with the peak being reached on 08-Mar-2022 at $129.42/bbl. Price swept the critical highs of $114.8/bbl twice then retracted into its current range. My previous write up on the asset was bullish with continued upside potential up to $140$. Before it got there I was expecting a sweep below the range low at...

DenisRisticFX

PYPL has significantly weakened after breaking consolidation to the downside starting May 8, 2023. Looking at the weekly chart, the most obvious downside targets I am seeing is $57.0 FVG under the Weekly SSL line and $47.4 FVG with $44.5 Weekly +OB as a draw on liquidity. Once price reaches $44.5, I anticipate price consolidation in the form of accumulation by...

DenisRisticFX Updated 

A continued decrease in the value of GOLD is anticipated, which recently experienced a rise from $1620 to $1970 price levels between November 2022 and February 2023. GC shows signs of weakness and is likely to continue to head lower, as indicated by the strong rejection of the $1970 price level. The strategy involves a weak correction upward towards the MSS...

DenisRisticFX Updated 

Background: Bitcoin is looking on the heavy side after running up from Jan 2023 lows only to have topped at 25200 in middle of February. Thesis: I am anticipating an overall move lower attacking the nearest daily sellside liquidity. Bias: Bearish Reasoning: 25200 buyside liquidity was ran in middle of Feb enticing retail longs and breakout traders. The initial...

DenisRisticFX Updated 

The US dollar remains bullish in my eyes on the daily timeframe. Resistances are being overcome while support is holding. The strategy involves a continued move higher after staying in a tight 5 day trading range from Feb 16-22. I am anticipating an energetic move higher to 105.63 price level as an upside objective before the end of the month. To invalidate...

DenisRisticFX Updated 

-Crude oil is currently trading in a ranging market environment between 83.34 and 70.08 (larger range). Price is also in a smaller range between 82.66 and 72.46 (smaller range). -From how I see the markets, the 10AM Feb 23 candle was a retest of a fair value gap before a move higher continues aiming between 79.73 and 81.50 price levels. I would like to see the...

DenisRisticFX Updated 

-BTCUSD is looking a tad heavy these few days, drifting toward the bottom of the nearer dealing range between 24260 and 22230 price levels. -I believe Bitcoin will try to break out to the downside reaching for the discount end of the greater dealing range set by the rally from Jan 18 low to Feb 1 high. At the time of writing, bottom end of the nearer dealing...

DenisRisticFX Updated 

DXY has stalled over the past two weeks settling at around 102.00 price level. This coming week is the FOMC and NFP where inducement of large scale liquidity is likely. Due to the nature of the current range, I believe the pair will be subject to manual intervention to shake out retail traders before a more sustained large range move higher. Likely scenario:...

DenisRisticFX

TSLA is trading between $166 and $90 levels. The stock is still firmly bearish on the weekly showing a pullback into premium end of the previous leg down. Media is calling TSLA bullish, I on the other hand am of differing opinion as the premium end of the dealing range is capped at around $170. The stock will likely correct back down and trade in a range with a...

DenisRisticFX

I have been following Rogers Communication for a while watching price unfold as the company has been in the news over the last few months. Firstly, Rogers would like to purchase Shaw communications which will constrict wireless competition landscape even further within Canada and secondly, they had a serious country wide outage a few weeks back which affected...

DenisRisticFX

Gold is trading within a large range between $2075/oz and $1670/oz. I anticipate the price to drift down to the 1670 level in the coming weeks as the safe heaven asset is being overlooked in favour of the US dollar as the Fed continues to raise the key lending rate. In addition, price rallied past the old Sept-2011 all time high at $1920/oz on the week of...

DenisRisticFX

Price has been making lower highs and lower lows since January 5, 2022 high with short but brief retracements upward. From my perspective, the market structure has shifted from bullish to bearish on the weekly and daily timeframes. My thesis is in line with my previous analysis on US30Y where I stated higher interest rates should put pressure on equities. Below...

DenisRisticFX

Due to the rising inflation, the Fed has stepped in to reign in inflation. Jerome Powell has stated numerous times he will be aggressive with rate hikes just like Paul Volcker was in the '80s. Powell and Volcker are of the same school of thought. "Inflation emerged as an economic and political challenge in the United States during the 1970s. The monetary...

DenisRisticFX

Oil has had a massive bullish run since 2020 which was driven by pandemic followed by post pandemic demand in addition to the more recent geopolitical instability between Russia, Ukraine and NATO countries which accelerated the price to over 100$/bbl. Years of negligible reinvestment into new oil plays by the energy sector and ever expanding demand for oil should...

DenisRisticFX

I have been looking at gold a while and I am seeing the asset class as bearish with a target of 1670$/oz for a downside objective. Currently price is trading within a very large range between 2075-1676 price levels. Why target 1670$? Two words, retail support. I expect price to clear sitting liquidity at the 1670$/oz level with a quick and powerful move lower to...