DenisRisticFX

DenisRisticFX Updated 

Ford Motor Company has had a spectacular run up since the lows of March 2020. The company value appreciated 600% in the months after COVID was first announced and lockdowns started. Two years later, and it appears F has made a high at 25.87 and broken bullish market structure below 18.60. I am looking at continued down side to 15.50 followed by retracement back...

DenisRisticFX Updated 

Hello Apes, GME has seen a persistent decline since Nov 2021, breaking key lows on the way down into a discount market. Jan 2021 put an end to the slide with price finding support at 86.00 price level. The recent move higher took out the short term high with a pullback setting up toward support at around 110.00 price level. I see GME recover some of it's value...

DenisRisticFX

Apple has broken daily market structure at ~167$ and has been drifting lower since the start of the year. From a technical perspective, the asset appears to be heavy which is sweeping recent lows one by one. Downside targets I am looking at are: Target 1: $146.5 Target 2: $138.2 I am looking for a quick move lower to sweep these two lows. If Target 2 is swept...

DenisRisticFX

Price ran above the Feb 24, 2020 high but struggled to maintain upward momentum. From the price action seen outlined in the yellow box, it appears the institutions have been distributing their holdings since the beginning of the year. Selloff prior to the move lower is in the form of profit taking above the 60$ price level before the advent of the war in Ukraine...

DenisRisticFX

AMD reached an all time high of 164$ on Nov 30, 2020. Since then it has been retracing lower with price currently at 100$ psych level. The stock looks heavy. I expect the price to continue to chop its way lower toward the 72.5$ price point as a target. Analysis is void if price rises above 132.5$.

DenisRisticFX Updated 

GBPUSD is trading in a tight range. I expect range trading to continue until Wed's heavy news day where I think the pair could run above the recent highs for a stop run before turning lower.

DenisRisticFX Updated 

SU has been held in a range over the last month between 35.77 & 38.62 levels. I expect a move to the downside, breaking the low of the range to entice short selling before repricing higher with an upside objective to 46.50 level.

DenisRisticFX Updated 

The UKX ran above Jan 19 2022 highs only to reject, breaking the Feb 4 2022 low, initiating a market structure shift on the daily timeframe. Price continued to decline with Feb 24 being an extreme down day due to the events transpiring in Ukraine. I am looking for a retrace to 7280 -7360 before price continues to the down-side with Target 1 reaching for 7100,...

DenisRisticFX Updated 

Looking to go long @ $39300. Stop loss @ $36100. Cover @ $52000. Calculated RR: 1:3.97 Looking to play long on short term bullishness.

DenisRisticFX Updated 

USDCAD is trading in a tight range near 50% of the larger range as measured from the old high and old low. Price is also currently in the middle of the tight range. I am inclined to see USDCAD breakout from the range to the upside.

DenisRisticFX Updated 

Like DXY, EURUSD is stuck within a range. Since EURUSD and DXY are negatively correlated, it would make sense for this market to head lower toward the 1.1260 level as DXY is expected to appreciate.

DenisRisticFX Updated 

DXY moved significantly lower from end of Jan into early Feb finding support at 95.20 level in deep discount market. Price is currently at 50% fib level with upside potential toward 96.25, 96.50 and 97.00.

DenisRisticFX Updated 

O has been slowly grinding higher since March 2020 lows topping out at $72.55. Price action since November has been stuck in a range with the January 2022 price action sweeping above the double top highs at $70.40 level. After the sweep higher, price action appears heavy at current pricing especially since the asset has not made any meaningful retracement lower....

DenisRisticFX Updated 

Tesla printed an all time high in November at 1240 level. Since then it has failed to make a higher high and broken a short term Dec 21 low. The stock looks on the heavy side with a potential run down to 540 level under the double bottoms.

DenisRisticFX

Euro Dollar (EUR/USD) Analysis Price is currently in a discount market approaching the Equilibrium with overlying daily DBD -supply. Will the market pause then break through the DBD supply starting @ 1.10686? Or will it drop once price tags said supply? Price levels of Interest Premium market: 1.10686 & 1.12877 Price levels of Interest Discount market: 1.08304

DenisRisticFX

Dollar Index (DXY) Analysis Price is currently in a premium market approaching the Equilibrium. Price broke retail support while approaching the daily RBR +demand zone. Will it hold for a move higher? or give way for a higher discount? Time will tell. Price levels of Interest for institutional distribution inside Premium Market: 100.79 Price levels of...

DenisRisticFX

As per chart. Comments welcomed.

DenisRisticFX

CNQ is between two major weekly supply (@ 44.55) and demand (@ 39.82) zones. Considering the trend is down, any relief rallies can be sold until price reaches weekly demand. At the moment, the weekly downtrend has paused and moved into a ranging environment. Zones of Interest: Supply: 45.56 & 47.14 Demand: 40.31