Looking at potential long trade on NZDJPY if the price will return back to the support and show signs of strength. Target if set below POC measured from whole recent downtrend.
By looking at the past two sessions, it is very clear that the waiting for FOMC does indeed affect the Dax. Yesterday’s session only had a range of 70 points and most of the time, we traded sideways, slightly to the downside. The session ended at the price 13 312. Important zones Resistance: 12 433 Support: 12 281 Statistics for today 25 % gap...
Tuesday’s session was really wild. Dax first dropped to our support at 11 987, where we found buyers. After we tested the support, Dax quickly shot upward. Our resistance levels did not stand a chance in such an upward move. Same as in recent days, we already have closed today’s gap. Important zones Resistance: 12 433 Support: 12 219, 12 125 Statistics for...
Currently testing resistance area in confluence with 0.618 retracement. Target is set on untested demand from 11th of June 2019.
Monday’s session has seen no success, mainly due to the fact Dax hasn’t moved anywhere and the price was just ranging in a narrow band of 70 points. We haven’t even seen the retest of Friday’s high or low. Today, Dax opens with a small gap which is already closed. Important zones Resistance: 12 148 Support: 11 987 Statistics for today Detailed statistics...
Welcome to a new trading week. Friday’s session turned out exactly as expected. From the beginning of the session, Dax went through our first support level at 12 121 to retest the second support level laying at 12 054 where the price bounced and even formed a daily low there. Later on, Dax slowed down in the consolidation area from Wednesday and we even closed in...
Pirce is currently testing a strong resistance level in the form of: Edge of High Volume Node measured from 11th of December 2018 till 5th of May 2019 POC from the recent downtrend (5th May - 9th June) Anchored VWAP Horizontal S/R Because of that, we can expect lower prices in the upcoming days/weeks. As a target, we would use Value Area Low from...
Thursday’s session has been considerably more active compared to the previous day. Dax first headed straight up without stopping at our first resistance zone. The second level of resistance laying at 12 194 functioned perfectly and the price even formed an intra-day high there. Following was a bounce back to our first level, now being a support zone where we found...
Yesterday’s session can be characterized as a very lazy one. Dax first took a slight climb towards our resistance at 12 117 where we found some sellers. Following was a 55 points move down. That’s about it, nothing more interesting from the price action perspective as the price was ranging lazily for the rest of the session duration. The overall intra-day range...
Our analysis yesterday met our expectations. Dax did not close the gap and went right up towards the 12 207 level where we saw some sellers taking over. There was even an intra-day high formed at 12 207. Following was a descend almost to the open level and today we open with an ascending gap. Important zones Resistance: 12 144, 12 194, 12 117 Support: 12 012 ...
Yesterday, we expected a retest of 12 139 and the drop towards the trend line. Dax did not reach all the way towards the resistance zone, but the return to 12 046 level worked well. The market met both of our indications – the support zone of 12 046 and the trend line. Bulls were not strong enough in the afternoon session and the price closed slightly negative at...
The retest of the previous horizontal and trendline resistance giving a possibility for a healthy pullback after a strong uptrend. Targets are marked out on profile of the previous rally.
Welcome everybody to a new trading week. Friday’s session started according to our expectation by closing the gap and the price went slowly up. At 2:30 pm we’ve had the US Non-Farm Payrolls release which caused a couple of volatile candles. Later in the afternoon session, Dax significantly slowed down as participants closed the week with the NFP moves. Today, the...
Yesterday’s resistance at 12 064 functioned absolutely exemplary. There was even an intra-day high formed at this level and the price bounced some 170 points southward. Dax has eventually found some buyers just before the support retest at 11 861 and closed the day mid-range. Important zones Resistance: 12 139 Support: 11 861, 11 790 Statistics for today...
Looks like the local bottom was made on GBPJPY after we broke above the parabolic trendline. The first technical level for us to take profit is at 139.94 where daily supply meets with High Volume node and 1.168 extension of the last leg down.
AUD is now fundamentally weaker currency after the recent RBA rate cut, dovish bias and the latest weak GDP print. The odds are now in favour of another rate cut in 2019. On the other hand, NZD is supported and currently not in the footsteps of their bigger western brother. The equities continue to be in favour of kiwi and the NZ economy is doing good. There...
Yesterday’s session started without a gap and after a short correction, buyers really headed upwards to higher levels. Unfortunately, the momentum wasn’t strong enough to reach our target at 12 064. The session was then closed near it’s open at 11 986. Important zones Resistance: 12 064 Support: 11 861 Statistics for today Detailed statistics in the...
Yesterday’s session is a nice confirmation of a clear support level laying at 11 620. After the price broke out of the 11 778 level, Dax shot up to hit 11 860. The momentum was strong enough and that level didn’t slow the price at all. Bulls went even higher to close at the intra-day high at 11 985, which is btw one of the resistance levels we previously...