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Dax daily: 29 May 2019 Bulls were facing a sad scenario yesterday as the selling pressures continued through the gap closure. The price stalled lower at the support level of 11 985. In the end, bears broke out that zone and Dax closed on its intra-day low at 11 965. Important zones Resistance: 12 063 Support: 11 861, 11 922 Statistics for today Detailed statistics in the Statistical Application The statistical probability of closing the gap is 41% Macroeconomic releases 09:00 CEST – German Buba President Weidmann Speaks 09:55 CEST – German Unemployment Change Today’s session hypothesis Today, the price opened with pretty much the same gap size as yesterday, but in the opposite direction. The descending gap doesn’t have any strong statistics for closing, but this was very similar yesterday. As support levels, we identified zones laying around 12 922 and 11 861. These levels could have a significance in today’s price action development. If the price goes below 11 922, we estimate the retest of 11 861 with an increased probability. In the opposite scenario, our bias would only be the closure of the gap, targeting 11 965.
EUREX:FDAX1!
by FTMO
Price Action Analysis On CADCHF For Swing Traders 28/05/2019In the 4H chart, we can see the CADCHF is bearish, In the 1D chart, we can see the price is ranging between 0.7600 at the top, to 0.7400 at the bottom, for now, there are 3 scenarios that we Should wait for, 1 – If the price reaches the supply above, it will be a great opportunity for sell position, the target for this position is the demand below, 2 – If the price will reach the demand below, it will be a great opportunity for buy position, the target will be the supply above, 3 – If the price will break out the supply above it indicates the price tends to reach the resistance at the top, in that case, we should look for price action setup to buy, the target will be the resistance At the top.
by the5erstrading
1
Dax daily: 28 May 2019 For yesterday we were more supportive of the buyers, but their strength didn’t last long. The sellers were able to correct the growing movement and eventually, Dax moved sideways. We closed at 12 064. The last trading hours were absolutely without volatility. Important zones Resistance: 12 142 Support: 12 064, 11 958, 11 922 Statistics for today Detailed statistics in the Statistical Application The statistical probability of closing the gap is 39% Macroeconomic releases NIL Today’s session hypothesis Today began with an ascending gap of 41 points. The last two sessions are systematically rising to higher prices and today’s gap is a continuation of this action. Zones from the past analysis are still valid, so the first resistance that we should be careful about is 12 142 price. Today’s probabilities suggest not to close the gap and rather head higher. If the gap is closed, the price of 12 064 will now be a luxurious support level where new buyers can comfortably step in.
EUREX:FDAX1!
by FTMO
Will the SPX500 Price Complete The Head And Shoulder’s Pattern? In this 4H chart, we can see that the SPX500 is still bullish and the price just arrived into the support zone which is a critical level. If the price breaks out the support, then it will indicate that the Bullish momentum has ended and the price now becomes bearish. That support is also the neckline of the Head & Shoulder pattern. In order to complete the pattern, the price must break the neckline and if that Happens, it will be the first signal to look for a sell position. Now, all we need to do is to look for a price action setup to find the right level to sell. A new supply that will break the neckline will be a great level to sell, but we will have to wait and see if the target for this position will be the demand below.
TVC:SPX
by the5erstrading
What Are The Next Critical Levels For The USOIL Price 21/05/2019The left chart on the picture is the 4H chart, in this chart, we can see the USOIL price is between two critical levels, at the moment, where the price is now, there is no clear opportunity for Position, unless the price will create a new supply or demand, the next level to buy USOIL is the demand below and the next level to sell is the supply above, the demand below is a great level for Buy position on the first touch of the price, the target for this position will be the supply above, the supply above is a great level for sell position only if the price didn’t touch the demand below Yet. these two scenarios are relevant for swing traders, at the right side of the picture is the 1D chart, the supply above in this 1D chart is a great supply for sell position for the long terms.
FX:USOIL
by the5erstrading
Dax daily: 21 May 2019After closing the gap yesterday, we saw yet another strong selling. Bears dominated till the session end and bulls had no chance whatsoever. The session closed at 12 034 which is now an interesting support level. Important zones Resistance: 12 146 Support: 12 034, 11 958 Statistics for today Detailed statistics in the Statistical Application Very low probability of closing the gap today – only 32% Macroeconomic releases NIL Today’s session hypothesis The price is currently hovering in the middle of the range marked by our zones 12 146 and 12 034. After the open, we haven’t seen any significant move so far and today’s statistics are not even inclined towards the gap closure. On the other hand, the zone laying at 12 146 looks very appealing from the price action perspective and we could retest this level. Our major target right now is the price at 12 146. If Dax heads south, we estimate the price may stall around 12 034 which could now serve as a support level.
EUREX:FDAX1!
by FTMO
Price Action Analysis For USDJPY 20/05/2019As we can see, the USDJPY has just started to develop a bullish momentum by breakout the last high of the recent bearish momentum, as the price is bullish for now, it will be wiser to look For a reason to buy, the demand below seems like a great level for buy position, on the first touch of the price at that level it’s the right time to buy, the first target will be the supply above, the final Target will be the supply at the top which is also a great level of sell position.
Long
by the5erstrading
Dax daily: 20 May 2019 Friday’s session hasn’t really seen much success from the statistical point of view. There were increased probabilities for breaking of Thursday’s high and two support levels nearby to add to the hypothesis. Dax turned downhill on a very lazy pace, buyers reacted with a very slight correction at the first mentioned support level and the second support level hasn’t even been reached. In the end, the session turned out to be a lazy bear, as it often is on Fridays. Today we open with a small ascending gap. Important zones Resistance: 12 376 Support: 12 196, 12 118 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today’s session hypothesis We anticipate continuing in the uptrend that has formed. Dax already filled our first target, which was a retest of 12 190 level. In the upcoming days, we estimate that the zone laying at 12 448 could be retested as well. Buyers could be found around the support zone of 12 196 where we have a nice confluence with the trendline, or even lower at the support at 12 118. Sellers could show their strengths at 12 376.
EUREX:FDAX1!
by FTMO
Waiting For Reversal Signal At AUDJPY 19/05/19As we can see, the AUDJPY is in bearish momentum, the price went down almost 500 pips in that bearish momentum, also, we can see a clear divergence between MACD and the price, as we Know, that divergence indicates that the price losing power and the bearish momentum is about to end, now, besides the divergence, we waiting for the price to break out the resistance above and To create a new fresh demand, if that happened, it will be a great setup for buy position, the final target will be the supply at the top, which is also a great supply for sell position, that analysis Relevant for swing forex traders,
Long
by the5erstrading
What Indicates That The Bullish Momentum On EURGBP Is About To EIf we look at the 1H chart, we can see the EURGBP is in strong and long bullish momentum, the indication that this bullish momentum is about to end is the combination of the supply above and The CCI indicator divergence, on the 1D chart we can see the price is just about to hit the supply above, this supply seems fresh and it’s the first time the price will touch it, on the 1H chart we can See also a clear divergence between the CCI and the price, while the price creates a higher high, the CCI indicator creates a lower high, the combination of the supply and the divergence creates a Great opportunity for sell position at the supply above.
Short
by the5erstrading
Dax daily: 16 May 2019 Yesterday’s session corresponded with our analysis. After the open, Dax began to descend towards the support at 12 946 where we haven’t encountered any buyers and the price continued lower. Later in the NY session, Dax unexpectedly jumped up and today we open with a descending gap. Important zones Resistance: 12 097, 12 190 Support: 11 917 Statistics for today Detailed statistics in the Statistical Application The statistical probability of breaking yesterday’s high is 83% Macroeconomic releases 10:15 CEST – German Buba President Weidmann Speaks All day – Eurogroup Meetings Today’s session hypothesis Today, we estimate that the gap could be closed and find some sellers around the resistance zone of 12 097 for a possible correction. However, the probabilities today are more inclined to a buyers favour who could take the price all the way towards 12 190.
EUREX:FDAX1!Long
by FTMO
Two Fresh Demands For Buy Trade On XAUUSD 15/05/2019For the long terms, XAUUSD is in bearish momentum, However, below us, there are two great and fresh demand levels with a great potential for buy position, each one of them looks really strong Level, if the price reaches the demand below I’ll buy there, the stop loss order will be just below this demand and if the price will breakout the demand and hit the stop loss we can buy again at the Demand at the bottom, both levels can be also the right levels to take profit for those who holding sell positions,
FX:XAUUSD
by the5erstrading
What Make The Supply Above A Great Level For Sell Position 14/05As we can see on the 1D chart, the USDCAD price is struggling to move up, this kind of price behavior called “Compression“, the price move up step by step in a way that looks powerless, many Small candles, everything seems pressed, above us, there is a great supply which most probably holds many unfilled orders, that indicates a strong level, the combination of a price move up by Compression and a supply level creates a great opportunity for sell position, when the price touch the supply above, it’s the time to sell.
Short
by the5erstrading
What Make The Supply Above A Great Level For Sell Position 14/05As we can see on the 1D chart, the USDCAD price is struggling to move up, this kind of price behavior called “Compression“, the price move up step by step in a way that looks powerless, many Small candles, everything seems pressed, above us, there is a great supply which most probably holds many unfilled orders, that indicates a strong level, the combination of a price move up by Compression and a supply level creates a great opportunity for sell position, when the price touch the supply above, it’s the time to sell.
Short
by the5erstrading
Swing Key Levels For The Dax Index 12/05/2019For the long term, the DAX index is in bearish momentum. On the weekly chart, we can see clear head & shoulders patterns at the top. For now, the price is just back to the neckline of the pattern that broke out in October 2018. In the 1H chart, if we look for a reason to sell, it will be the supply above which is where the price fell down with a gap a week ago. Also, the divergence between the MACD and the price, if the price will retrace to that supply, it will be a great opportunity for sell position. The first target will be the demand below and the final target is the demand at the bottom which is also a great demand for buy position.
TVC:DEU40
by the5erstrading
Will The GBPJPY Price Successful To Breakout The Resistance ZoneAs we can see in the 1H chart, GBPJPY has started this week with almost 100 pips gap down and continue with a downtrend of 400 pips, if we look for the reversal signal, it will be the Resistance Zone, if the price will break out the resistance zone it indicates that the bearish momentum ended and it’s the time to look for buy position, Therefore, if the price will break the resistance it will be A good reason to look for price action setup for buy position, the supply above will be the first target and the supply at the top will be the final target and also a great level for sell position.
Long
by the5erstrading
Continuation Level At 0.50 Fibonacci On GBPUSD 07/05/2019In this 4H chart, we can see that GBPUSD is in bullish momentum, it seems that nothing can stop the price at least until the price will reach the resistance above, we can see that the demand Below is also the 0.50 Fibonacci level of the recent uptrend, the combination of the demand and the 0.50 Fibonacci makes that level a great level for buy position, the resistance above will be the Final target for this buy position, this opportunity relevant for swing forex traders.
Long
by the5erstrading
How SPX500 Index Will Open This Trading Week 05/05/2019SPX500 Index like most of the other indices creates a new record recently, a new record means that the price is too high and as forex traders, we need to look for sell position, First, we need to find A good setup to sell the SPX500, as we can see on the chart attached, there are 2 reasons that indicate it’s a good time to sell, 1- Divergence: as we can see, there is a very clear divergence between the price and the MACD indicator, while the price creates a higher high, the MACD shows a lower high, that divergence Indicates that the recent uptrend was powerless at the end of it, 2 – Supply Level: exactly where the price now, it’s a great supply level for sell position, it’s a great level for sell as long as the price will open the week in the same area, the demand below will be The target and also a great level for buy position.
TVC:SPXShort
by the5erstrading
Waiting For The Price To Close The Gap On USDCAD 06/05/2019Like most of the USD pairs, also USDCAD has open this week with a 30 pips GAP up, usually, gaps indicate on a massive amount of unfilled orders and create a new supply or demand, in that Case USDCAD start this week with gap toward up and create new fresh demand, on the 1H chart we can see the demand level below which is the level where the price gap from, and it’s a great level for Buy position, therefore, if the price will close that gap I’ll buy at the demand below, on the 1D chart, we can see the next supply above, most likely the price tends to reach that supply, therefore, That supply will be the final target for the buy position and also a great supply for long term sell position,
Long
by the5erstrading