Evening Traders, Today’s analysis – BNBUSDT – trading at a clear resistance where a rejection is plausible, Points to consider, - Price Action corrective - Daily S/R Resistance - Int Daily S/R Support ‘ - Pull back objective BNBUSDT’s immediate price action is trading at a resistance, that being a key Daily S/R level, this allows for a bullish bias. The...
Evening Traders, Today’s analysis – DOTUSDT – trading towards a key resistance where a rejection is plausible, Points to consider, - Price Action Impulsive - Monthly S/R Resistance - .786 Fibonacci Confluence - Daily S/R Objective DOTUSDT’s immediate price action is trading towards a clear resistance point that has technical confluence with the .786...
Evening Traders, Today’s analysis – SNXUSDT- trading above key levels with consecutive higher lows and higher highs, Points to consider, - Price Action Bullish - Daily S/R Support - Higher Low Entries (.50 Fibonacci & Local S/R) - Oscillators Bullish Control - Declining Volume SNXUSDT’s immediate price action is bullish, a higher low projection allows...
Evening Traders, Today’s analysis – GOLD- trading above Daily S/R where a retest is probable, Points to consider, - Price Action Impulsive - Daily S/R Support (.382 Fibonacci Confluence) - MA Golden Cross - Oscillators Bullish Control GOLD’s immediate price action is impulsive above Daily S/R, a retest will allow for a long entry. The Daily S/R is in...
Evening Traders, Today’s analysis – USDJPY- tested long liquidity with a bounce probable towards Daily S/R, Points to consider, - Price Action Impulsive - Local S/R Support (Long Liquidity tapped) - Daily S/R Resistance (.618 Fibonacci Confluence) - Climatic Volume USDJPY’s immediate price action is impulsive above long liquidity and Local S/R, this...
Evening Traders, Today’s analysis – XLMUSDT- trading in a defined descending channel that is likely to break bullish, Points to consider, - Price Action Impulsive - Weekly S/R Support (.618 Fibonacci & 200 MA) - Daily S/R Objective - Declining Volume XLMUSDT’s immediate price action is trading in a bearish market structure until proven. This will only come...
Evening Traders, Today’s analysis – CADJPY- closing below Daily S/R where a rejection is probable, Points to consider, - Price Action Impulsive - Daily S/R Resistance - .382 Fibonacci Support (POC Confluence) - RSI Bullish Control CADJPY’s immediate price action is impulsive under Daily S/R, being a strong level, a retrace and hold of the .382 Fibonacci...
Evening Traders, Today’s analysis – CRVUSDT- establishing a confirmed trend change from is local double bottom, further upside probable. Points to consider, - Price Action Bullish - Daily S/R Support - .50 Fibonacci/ 200 MA ( lower high region) - RSI Bullish Control Zone - Volume Influxes CRVUSDT’s immediate price action is bullish above Daily S/R,...
Evening Traders, Today’s Analysis – RSRUSDT- flipping key Local S/R with Fibonacci confluence, holding above is deemed bullish. Points to consider, - Price Action Impulse - .382 Fibonacci Pull Back - Double Top Resistance - Oscillators Bullish - Daily S/R Target RSRUSDT’s immediate price action is impulsive with increasing volume above Local S/R. This...
Evening Traders, Today’s Analysis – MATICUSDT- trading in a falling wedge pattern where a break bullish is probable. Points to consider, - Price Action Apex - Local S/R Resistance (.382 Fibonacci Confluence) - Daily S/R Support - Oscillators Neutral - Low Volume MATICUSDT’s immediate price action is trading in an apex, a break will be imminent. The...
Evening Traders, Today’s analysis – USDCHF- currently trading back within its apex where a break will be imminent, Points to consider, - Price Action Higher Lows - Daily S/R Resistance - 200 MA Support - Oscillators Divergence - Price Apex USDCHF’s immediate price action is establishing higher lows and higher highs. This allows us to have a bullish bias...
Evening Traders, Today’s Analysis – NZDUSD – trading in a rising channel testing its median, a test of daily S/R is probable. Points to consider, - Price Action Channel - Channel Support Confluence (.50 Fibonacci & 200 EMA) - Daily S/R Resistance - Oscillators Diverging - Low Volume NZDUSD’s immediate price action is trading in a clear rising channel...
Repost** Evening Traders, Today’s analysis – USDJPY – Prices action is projecting down in a descending channel , until broken, price is likely to continue trading within two boundaries. Points to consider, - Trend bearish (consecutive lower highs) - Daily S/R breached (Resistance) - Oscillators equilibrium - Low Volume We can conclude that the immediate trend...
Evening Traders, Secondary analysis – NZDUSD – respecting daily S/R with a range deviation, price is likely to test lower levels. Points to consider, - Bearish price action - Daily S/R resistance - 200 DMA support - RSI bearish divergence NZDUSD is likely to respect range high due to its recent bearish price action. Breaking impulsively back into range...