NextPDT

NextPDT

Price clearly rejected the 50% fib indicating selling pressure at this level. Could this be our reversal point? Im being caution as the 1D time-frame can indicate a much steeper retracement then anticipated. If we go up to the 1D time-frame and draw fibs from resistance point (146.398) to support point (136.749) we can see that our firs PRZ level is above our...

NextPDT Updated 

We waited for the anticipated retracement as stated in the previous analysis. Daily timeframe Fibonacci level 38.2 has been reached, now that we step down to the H4 timeframe we can see more clearer picture of the retracement with Fibonacci drawn. Price stop right on our 61.8 level. Now its just a waiting game to see which level will hold. We got confluence at...

NextPDT Updated 

After stating in the last chart breakdown the anticipation of daily support level to form before we can see a retracement we can see that on the current daily time-frame support at 24800 has been formed. Daily : So we got a clear support level at 24800 our next anticipation is to wait for a retracement to one of our PRZ (price reversal zone level). Base of the...

NextPDT

Monthly: Okay so lets start off with the monthly time-frame. After monthly support 1.3200 ( now resistance) was broken price quickly began to fall reaching our weekly midrange support 1.27000. We can also spot a potential double bottom pattern being formed. As of right now monthly looking bearish. Weekly: Price is currently on our weekly mid-range support...

NextPDT

Starting off with the monthly timeframe we can see that after failing to break monthly resistance key level 150.00 price sharply reversed to the downside to find support again. Price had failed to surpass this level for several months. If you zone out a bit to see you can see a potential double bottom forming Weekly: Looking at this timeframe we see the...

NextPDT

Monthly time-frame: We failed to surpass previous all time highs and also failed to break monthly key level resistance 26,000 with a strong bearish candle engulfing the previous months bullish candle. This mean we can begin to see a shift in the market from long term bullish to bearish . Weekly: Moving averages cross indicating sellers are in control of the...

NextPDT

OANDA:US30USD US30 price reached the highes, currently price has rejected monthly resistance and engulfed previous bullish candle. Its to the downfall now