GBPCAD was able to reclaim support level so we can expect higher prices. We can also see a bullish divergence on both daily and H4 TF. This should be a decent trade base of simple S/R levels with some extra added confluence.
Those of you who drew the resistance line at 12 433 haven’t done so in vain. Look at this luxurious reaction from that level. After a nice short move from the 12 433 level, Dax eventually found some buyers around Wednesday’s close. Today, the price opens with a significant short gap. Important zones Resistance: 12337, 12373 Support: 12219, 12191 Statistics...
Tuesday’s session was really wild. Dax first dropped to our support at 11 987, where we found buyers. After we tested the support, Dax quickly shot upward. Our resistance levels did not stand a chance in such an upward move. Same as in recent days, we already have closed today’s gap. Important zones Resistance: 12 433 Support: 12 219, 12 125 Statistics for...
Pirce is currently testing a strong resistance level in the form of: Edge of High Volume Node measured from 11th of December 2018 till 5th of May 2019 POC from the recent downtrend (5th May - 9th June) Anchored VWAP Horizontal S/R Because of that, we can expect lower prices in the upcoming days/weeks. As a target, we would use Value Area Low from...
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...
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:...
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...