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 – 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 – XLMUSDT- trading under key Weekly S/R, this is a pivot on the weekly time frame, Points to consider, - Price Action Pivot - Weekly S/R Resistance - Dynamic S/R Support - Stochastic Buy Cross - Declining Volume XLMUSDT’s immediate price action is at a pivot point, how price action forms here will help with our...
Evening Traders, Today’s analysis – EURGBP respecting its .618 Fibonacci leading into an impulse move, price action is currently testing weekly S/R where a rejection is probable. Points to consider, - Macro trend range deviation - Bearish Retest (Weekly S/R) - Local S/R (immediate support) - Oscillators extended - Volume below average EURGBP has had a...
Evening Traders, Today’s analysis – SPY – possible blow of top with further downside probable, following technical points to consider. - Bearish PA (swing high) - Valid bearish divergence - Weekly S/R support - .618 Confluence (200 DMA&DEMA) - Increasing volume SPY’s immediate price action at swing high is bearish; a large wick on a weekly candle usually...
Evening Traders, Today’s analysis – USDCAD – consecutive lower highs into weekly S/R, price is likely to pivot. Points to consider, - Trend bearish (dynamic resistance) - 21 MA resistance ( confluence) - Weekly S/R (key support) - Oscillators technical bullish divergence - .50 Fibonacci target USDCAD’s immediate trend is bearish until the dynamic resistance...
Evening Traders, Today’s Analysis – OAXBTC- trading in a falling wedge structure holding weekly S/R, a break bullish will see continuation. Points to consider, - Bullish chart formation - Weekly S/R Support confluence - Swing high immediate target - RSI diverting - Volume declining OAXBTC is trading in a falling wedge pattern that has a higher...
Evening Traders, Today’s analysis – NZDJPY- in a macro bear trend where rallies are to be sold into until proven otherwise, current set up allows for a short. Points to consider, - Consecutive LH’s & LL’s - Local S/R Flip bearish - Weekly S/R target - Oscillators below 50 - Volume below average NZDJPY has a bearish bias as the trend continues to establish...