FTMO

FTMO

There was no resistance formed at Friday’s close. On the other hand, the support level laying at 11 620 that we spoke about in previous analysis functioned as expected. We found a new low here and the control was taken back by buyers who took the price towards the resistance at 11 788. This price zone was also mentioned in our yesterday’s analysis and it turned...

FTMO Updated 

New Zeland Dollar is showing the first signs of bullishness after the strong downtrend. First signs of reversal came yesterday after price respected trendline flip into the demand which was made last week after strong buying on 23rd and 24th of May and making a first higher high after 38 trading days, we also tested High of Value area from 23rd of May which was...

FTMO

The British Pound is finally starting to show some strength after a long downtrend. Currently, we are inside the daily supply zone which is not the best place to blindly enter the long, but there is plenty of signs of a trend reversal. Once we clearly break above last weeks point of control, we should head for higher target this trading week. The first area of...

FTMO

The last session of May closed in red numbers when the price continued its drop in the descending gap direction, just as we anticipated. Those last few bearish days erased all the gains from the past two months and we are now in the territory where the price was at the beginning of April this year. This confirms the known theory that bulls walk up the stairs,...

FTMO

As we anticipated, the support level of 11 861 held the price pretty strongly for the entire session and didn’t allow sellers to go any deeper. The gap was then closed and the intraday trading closed priced 11 918. Important zones Resistance: 11 861 Support: 11 735 Statistics for today Detailed statistics in the Statistical Application Macroeconomic...

FTMO

Bearish momentum continued yet for another day in a row. After the open, Dax took a south direction and the price reached the support level of 11 861 without any problem. This level was retested a couple of times before the price eventually closed there. Yesterday’s price action took us to the low formed on 01 April. Important zones Resistance: 11 986, 12...

FTMO

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...

FTMO

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...

FTMO

On Friday we did not see an aggressive sell-off after the market open and therefore, we fulfilled the statistic of not closing the gap. The market forces were relatively balanced and the session closed in slightly green numbers. Most of the time, we traded sideways. As we have not moved anywhere, our zones from the previous analysis remain valid. Important zones...

FTMO

Yesterday we wrote about the high probability of breaking the low of the previous day at 12 047. That is exactly what happened and overall, our analysis was very successful. Without the Statistical Application, we wouldn’t have such data. Important zones Resistance: 12 142 Support: 11 958, 11 11 922 Statistics for today Probability of closing the gap:...

FTMO

Even though buyers pushed the price above our resistance, the zone around 12146 was still a significant region where we saw a fight between buyers and sellers. This fight was won by sellers who stopped prices reaching higher levels. Important zones Resistance: 12 146 Support: 12 034, 11 958 Statistics for today Probability of closing inside yesterday’s...

FTMO

Yesterday’s session ended more or less according to our expectations. We opened with a rising gap, which had a low probability of being closed. The Gap was not closed and so, our target was at 12146. The market reached this level and price stayed in this region for the rest of the day. It is clear that this region acted as a resistance. Important zones...

FTMO

After 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...

FTMO

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...

FTMO

Yesterday’s session turned out to be yet another success in a long row. The hypothesis suggested the breakout of Wednesday’s high and Dax was pierced that level with strong momentum, not even reacting by any bounce at the resistance level of 12 190. We haven’t even found sellers at the first resistance level laying at 12 097. Today we open with a descending gap ...

FTMO

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...

FTMO

For a change, yesterday’s session was in the hands of buyers. We first found some sellers at the resistance zone of 11 956 and they pushed the Dax some 50 points lower before buyers stepped in. Dax is opening with an ascending gap today. Important zones Resistance: 12 139 Support: 11 946 Statistics for today Detailed statistics in the Statistical...

FTMO Updated 

For a change, yesterday’s session was in the hands of buyers. We first found some sellers at the resistance zone of 11 956 and they pushed the Dax some 50 points lower before buyers stepped in. Dax is opening with an ascending gap today. Important zones Resistance: 12 139 Support: 11 946 Statistics for today Detailed statistics in the Statistical...