Yesterday's session turned out to follow our hypothesis only partially. Dax started its decline towards 12 391, but buyers didn't use this level to enter the market. Following was a descend towards the second support zone in a row, laying at 12 326, yet this price wasn't reached and Dax reversed upwards. In the end, Dax closed approximately in the middle of its...
Yesterday's session was very nice from our point of view. As we highlighted, Dax first went up to close the gap at the resistance level of 12 564. The price then reversed exemplarily and the high intra-day swing was formed as well. Today, Dax opens with a descending gap and so far, the momentum indicates the retest of the support level laying at 12 391. ...
Welcome to the first session analysis of a new week. Friday's price action has been quite fruitful. For a major session duration, Dax was dropping towards a consolidation zone from 02 July, where we found buyers and the price closed somewhere mid-range session trading. The US NFP was released at 14:30, but besides one volatile candle, no major reaction was seen....
Potential 30% upside on MO after reclaiming of support level. Price currently testing POC, once we break it move upside should come.
Welcome to the last analysis of this week. Tomorrow's analysis will be skipped due to a national holiday. Yesterday's statistics for breaking Tuesday's high was successfully passed. Dax rose all day and closed near its intra-day high. Today, we open with a smaller descending gap. Important zones Resistance: NIL Support: 12 597, 12 543 Statistics for today...
Yet another session without a gap. Sellers attempted to retest prices from the last week, yet to no avail. It was just around 12 475 when Dax turned around from its slight downward correction and eventually closed where it opened the daily session. Important zones Resistance: 12 600 Support: 12 391, 12 428 Statistics for today Detailed statistics in the ...
Simple setup today on USDCAD. Price reclaimed support after taking out low of 2018. We can expect a rally higher to untested resistance level.
The resistance zone at 12 601 we mentioned yesterday turned out to function perfectly. After retesting the 12 601 level, Dax went sloping down. The weekend gap has been filled from it's third only and today the price opens without a gap. Important zones Resistance: NIL Support: 12 385, 12 428, 12 508 Statistics for today Detailed statistics in the ...
Friday's session happened to be a very positive one for bull traders. As expected, Dax reached the 12 344 level, however, this didn't function as resistance at all. Buyers were strong enough to touch 12 397 and the session was closed near this level. Closing the week on a weekly high is certainly a good signal for buyers. Important zones Resistance: 12...
Thursday's session was very nice and with reasonably volatile moves for profitable trading. Dax first climbed to hit Wednesday's high and by doing this, the statistical probability of 82% to break previous day high or low was fulfilled. A bit later, sellers took over even though we expected them to react on higher prices. The price sliced through the support zone...
Yesterday, we've had a higher probability of 83% for breaking the previous day low. Although the odds were in our favour, the breakout of Tuesday's low didn't happen. Instead, Dax shot straight up and we've only found some sellers at the mentioned resistance zone of 12 282. Today, the price opens with an ascending gap. Important zones Resistance: 12...
AUDJPY broke above HTF S/R level. The pullback should give us a nice long opportunity.
We welcome all to a mid-week analysis. The support level at 12 191 we mentioned yesterday functioned perfectly as this was retested right after the open. Contrary, the resistance zone of 12 230 didn't have much significance. Dax found some bearish pressures at a higher price of 12 266 and following was a downside move to a very near intra-day low. Important...
After Bitcoins rally to over $12,000 and BTC Dominance sitting around 62% lot of people experiencing fear of missing out this pump. What is probably smarter is to wait for a pullback of some sort or period of consolidation, this will give room for altcoins to push higher as well. We can see a reoccurring pattern in xxx/BTC pairs where most of them sitting below...
Yesterday's session met our expectations. We've had a very high probability for breaking Friday's low, which eventually happened. Dax was steadily in a slight downtrend for the whole session and the price closed near the support level of 12 219. Today, Dax opened below this zone with a descending gap. Important zones Resistance: 12 230 Support: 12 191, 12...
GBPCAD was able to reclaim support level so we can expect higher prices. We can also see a bullish divergence on both daily and H4 TF. This should be a decent trade base of simple S/R levels with some extra added confluence.
Welcome to a new trading week. Friday's session turned out as expected, but unfortunately, our zones didn't get a chance to play a role. The resistance at 12 337 and 12 373 didn't attract any sellers. They entered a bit higher at 12 409 and continued to dominate intra-day price action. Dax then closed just short of the support level laying at 12 219. Today, we...
Those of you who drew the resistance line at 12 433 haven’t done so in vain. Look at this luxurious reaction from that level. After a nice short move from the 12 433 level, Dax eventually found some buyers around Wednesday’s close. Today, the price opens with a significant short gap. Important zones Resistance: 12337, 12373 Support: 12219, 12191 Statistics...