Chart of the Day

Bitcoin consolidation triangle resistance   Bitcoin is in the consolidation triangle. Strong upside resistance for the deeper pullback to 38000 lies at 32600. A rejection here and a break below 28500 will lead to a new swing down and a test of the key long-term downside resistance 20000. Only a […]

DJIA is testing 33500   DJIA has reached almost 61.8% retrace of the latest swing down. This is a strong confluence of the downside extension support, a previously broken top neckline, and the mentioned retrace level. For an extension higher, we need to see a clear confirmed break above 35000.

Silver is testing an important 21.60 again   A break below 21.60 would mean a complete downside reversal for the XAGUSD. This is a strong confluence of the downside resistance and a long-term range resistance. A break below this level would lead to a reversal downside into the 16-18 zone.

Russell2000 is reaching the confluence of the downside support   Russell2000 is testing the 1900 level. This is a strong confluence of the downside support and upside channel resistance. This is also a 50% retracement of the latest swing higher it offers a good RR short trade opportunity for the

USDCAD is testing the upside support   USDCAD bounced again from the support 1.2650 level after another false break above 1.2900. A break below 1.2650 would call for a deeper pullback to 1.2550. A confirmed bounce here is required for the upside extension and another test of 1.2900. As this