Unfortunately, yesterday's session didn't go according to our expectations. We've had clues for a bearish move and breakout of the previous day low, but Dax proved otherwise. The price was trending upwards with a strong momentum right from the beginning of the session and the resistance at 11 691 played no role too. Dax slowed down later in the afternoon, yet...
Tuesday's session was a bit odd from our point of view. Dax initially descended to our support at 11 646, but rather than bullish correction we hoped for, price action rather slowed down. Dax then closed near it's intraday low and today we open with an ascending gap. Important zones Resistance: 11 691 Support: 11 560 Statistics for today Detailed...
Monday's session turned out as per our expectations. Although there was no short to capitalize on, one of our hypothesis was the significance of trend-line to support bullish traders. The resistance at 11 723 slowed down the price incline but no big short correction was seen. Today we open with a small ascending gap, which has a 60% probability of closing. ...
Friday's session was relatively difficult to trade. It looked like the price might go down a few times, but bulls were stronger and took the price towards our resistance at 11 606. In the end, the gap between the sessions wasn't closed and the trendline wasn't even relevant. For today, we open with yet another ascending gap. Important zones Resistance: 11...
Thursday's session turned as expected. Dax broke the previous day low, which had a statistical probability of 96%. Sellers were dominant right from the beginning and proved their strengths yet before 11 629 so the profit potential wasn't that exciting. Dax dropped some 300 points just to almost fully correct this drop later in the day. Thursday was a rollercoaster...
Our market analysis didn't go well yesterday. We've had clues for the uptrend continuation and breaking of Tuesday's high. Instead of that, Dax gave us the complete opposite and formed a big daily sell-off. Today we open with an ascending gap. Important zones Resistance: 11 899, 11 629 Support: NIL Statistics for today Detailed statistics in the ...
After explosive move after yesterday's news, USDJPY is looking ready for a pullback to resistance. Bear in mind that we are still in a downtrend so the risk should be managed accordingly.
Dax started the day with the expected drop and breaking the previous day low, which had a statistical probability of 83%. There was a sudden price spike after 15:30 when Dax shot higher some 300 points based on Trump's tweets. After the dust settled, Dax slowed down and hasn't really gone anywhere for the rest of the session. Today's gap has already been closed. ...
Monday's session brought the initial short which broke our trend line. After breaking yesterday's low, buyers stepped in to retest the trendline just to allow bears to take it lower again. The price was then closed near its intraday low. Important zones Resistance: 11 899, 12 031 Support: NIL Statistics for today Detailed statistics in the Statistical...
The last session of the previous week did not offer something really interesting. Our support at 11 716 did not work as a point of reflection, but rather as a place where the market slowed down for several hours. Today we are opening with a long gap. Important zones Resistance: 11 899, 12 031 Support: trend line Statistics for today Detailed statistics in...
The session yesterday started with an ascending gap which was closed yet in the morning trading hours. Sellers took Dax to retest the support level at 11 716 where we saw a power shift and buyers regained control of the further price development. The session was closed at 11 823. Important zones Resistance: 11 901 Support: 11 716 Statistics for today...
Yesterday's session didn't offer any excitement exactly as we thought. What is important is that our resistance level at 11 702 functioned pretty well. Dax also broke neither low nor high of previous day range and this was corresponding with a very low statistical probability given by our application. Today we open with a significant ascending gap. Important...
Yesterday's session was a bit odd. Dax behaved lazily all day long and has broken neither low or high of the previous day. The support level at 11 615 hasn't functioned either. The price opened with a small descending gap today which is already closed by the time we write this. Important zones Resistance: 11 702, 11 845, 11 899, 12 031 Support: NIL ...
After running June low we have seen strong rejection to the upside. Price coming back to support could provide nice long trade with great R:R ratio.
Monday's session had an expected development. We first saw buyers taking the price slightly up, yet not able to retest the 11 823 level. Sellers took over and pushed Dax to the support zone of 11 657. It took some time for this to be broken to the downwards and bears dominated the intraday session until the close. Important zones Resistance: 12 031, 11 899,...
Friday's session started with a slight downward movement which prevailed for the whole intraday session. We've had a bearish based bias and our hypothesis played out as expected. Today we open with a really big descending gap. Important zones Resistance: 12 031, 11 899, 11 823 Support: 11 657 Statistics for today Detailed statistics in the Statistical...
Bulls were fast yesterday to take the central stage right from the beginning. The uptrend was steady with slight corrections on the way. Their efforts were halted by US President Trump and his flash Tweets which sent global markets to a hole, Dax inclusive. The session was closed lower at 12 065. Important zones Resistance: 12 283 Support: 11 979 Statistics...
And so August is here. Yesterday's price action was dominated by FOMC. Dax first closed the gap, found some buyers and then went idle. After the FOMC came out, the 83% statistical probability of breaking the previous day low was successfully fulfilled. The price closed the gap this morning right after the open. Important zones Resistance: 12 283 Support: 12...