Evening Traders, Second Analysis – DOTUSDT- trading with the psychology of a Descending Triangle, price is approaching its apex. Points to consider, - Bearish Price Action - Structural S/R Respected - Key Dynamic Resistance - Oscillators Below 50 - Declining Volume DOTUSDT’s immediate price action is bearish with consecutive lower highs under dynamic...
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...
Evening Traders, Second Analysis – EURCAD – testing dynamic support after a breakdown from swing high, a bearish retest is probable at swing high, Points to consider, - Bearish Price Action - Dynamic Support Respected - Range High Resistance - Oscillators Weak - Range Mid Target The immediate Price Action on EURNZD is bearish by breaking back into...
Evening Traders, Today’s Analysis – GBPJPY- breaking bearish from its ascending channel, downside momentum probable. Points to consider, - Bearish Price Action - Channel Support Broken - Daily S/R Support - Local S/R Resistance - Resistance Confluence GBPUSD’s immediate Price Action is bearish by breaking ascending channel support, this allows us to have...
Evening Traders, Second Analysis – GOLD – approaching key Local S/R where a technical bearish retest is probable. Points to consider, - Rising Wedge (Bearish) - Local S/R Resistance - 200 MA Resistance - .618 Fibonacci Confluence - 21 MA Dynamic Support - Oscillators Technical Divergence GOLD’s immediate Price Action is trading in a rising wedge,...
Evening Traders, Today’s analysis – BTCUSD – breaking back below Monthly S/R, pull backs on low volume indicates weakness, Points to consider, - Impulse Price Action - Local S/R Support - Resistance Confluence - Oscillators Below 50 - Volume Climax BTCUSD’s immediate price action is bearish by breaking below Monthly S/R, this allows us to have a bearish bias on...
Evening Traders, Second update – AUDUSD- Price Action is approaching range high where resistance is probable to establish a bearish retest. Points to consider, - Impulse Price Action - Range Low Support - Range High Resistance (Bearish Retest Zone) - Oscillators below 50 - Volume below average AUDUSD’s immediate Price Action is impulsive, approaching key...
Evening Traders, Today’s Analysis – USDCHF- breaking key Daily S/R, holding structure will change the local trend. Points to consider, - New swing high - Daily S/R Support (200 EMA & .618 Fib) - 21 MA Resistance - Oscillators Divergence - Volume Below Average USDCHF’s Price Action has established a new swing high above Daily S/R. This shows strength in...
Evening Traders, Second Analysis – DIAUSDT- trading in a falling wedge formation where a confirmation will be on a break of dynamic resistance. Points to consider, - Price Action Apex - Market Structure Lower Lows - Key Dynamic Resistance (.618 Fibonacci Confluence) - RSI Divergence Forming DIAUSDT is trading towards its apex in a bullish falling wedge...
Evening Traders, Today’s Analysis – NZDUSD- trading in an Ascending Broadening Wedge with bearish price action, a retest of Weekly S/R likely. Points to consider, - Bearish Structure (H&S Pattern) - .618 Fibonacci Resistance - Weekly S/R Support (200DMA Confluence) - RSI Bullish Divergence - Stochastics Buy Cross - Volume Declining The current price...
EURUSD is currently trending up. Price is supported above the 14 EMA. Risk 20 Reward 30 Pips. I am not a financial advisor. This is not financial advice. This is for educational purposes only.
Evening Traders, Second Analysis – QTUMUSDT- bearish Price Action with consecutive lower highs, a back test of Daily S/R is probable. Points to consider, - Bearish Price Action - Key Dynamic Resistance (200 MA & .618 Confluence) - Swing Low (Temporary Bottom) - RSI Respecting Trend - Stochastics Bearish - Low Volume QTUMUSDT is trading with bearish Price...
Evening Traders, Today’s Analysis – XTZUSDT- trading in a valid rising wedge, approaching key resistance where a rejection will be plausible, Points to consider, - Rising wedge pattern (Bearish) - 21 MA immediate support - Daily S/R Resistance (.618 Fibonacci Confluence) - RSI Respecting Trend - Stochastics Bearish Divergence - Volume Below...
BAND showing positive divergences and heavy POC support / Cross-Chain Data Oracle
Evening Traders, Second analysis – EURNZD- breaking out of Daily S/R where a retest is probable before continuation, Points to consider, - Trend Bullish (Swing High) - Daily S/R Support (.50 Fibonacci Confluence) - 200 MA immediate resistance - RSI above 50 - Stochastics Buy Cross - Local S/R Target EURNZD’s immediate trend is bullish with a new swing...
Evening Traders, Today’s analysis – NEOUSDT- price is closing on its apex where a break to the upside is probable. Points to consider, - Trend falling wedge - 200 MA Support (.618 Fibonacci Confluence) - Range-Mid Resistance - Oscillators Neutral - Volume below average NEOUSDT’s immediate price action is trading in a falling wedge. This typically is a...
Evening Traders, Second Analysis – ATOMUSDT- trading at resistance where a bearish retest to the downside is probable. Points to consider, - Trend lower highs - Range- Mid Support - Daily S/R Resistance (21 MA & .50 Fibonacci Confluence) - Oscillators below 50 - Declining Volume ATOMUSDT’S immediate trend is bearish due to consecutive lower highs and...
Evening Traders, Today’s analysis – USDCAD – price approaching key Daily S/R where a bearish retest is probable, Points to consider, - Bearish Market Structure - Range-Mid (Support) - Daily S/R Resistance (.618& 200DMA confluence) - Oscillators extending USDCAD’s Market Structure is bearish with consecutive lower lows and lower highs, this allows for a...