Canadian Natural Resources AnalysisCNQ 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
Denisristicfx
Canopy Growth AnalysisWEED is in a weekly uptrend with nearest significant weekly demand at 37.19. Buying at current prices is not advised.
On the daily, the upward momentum has been broken creating a range. Due to Weekly trend, longs are still favoured at lower prices.
Zones of Interest:
Demand @ 52.45
Supply @ 65.81
Namaste Technologies AnalysisOver the long term Namaste's stock looks bullish, however currently it is in a weekly and daily range.
Significant weekly demand resides @ 2.11.
Zones of interest:
Demand @ 2.00
Supply @ 3.21
NASDAQ in for some moves lower. Price Altitude: Middle
Daily Trend: Range
4H Trend: Down
Analysis: Daily supply is in control and it has removed a daily opposing demand. Biased towards the short side.
Prediction: Continue moving lower into daily demand.
Price Points of Interest:
4H supply inside daily @ 7432.8
4H supply @ 7399.4
4H demand inside daily @ 7217.3
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure. Fortune favours the bold.
ETHUSD in a daily range, buy low sell high. Price Altitude: High
Daily Trend: Down
4H Trend: Range
Analysis: daily supply is in control, price is ranging between two daily zones.
Prediction: continue to move lower into 4H inside daily demand.
Price Points of Interest:
4H demand @ 269.51
4H supply @ 306.40
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure. Fortune favours the bold.
BTCUSD primed for a move higher, wait to go long at good demand.Price Altitude: Middle
Daily Trend: Down/Range
4H Trend: Up
Analysis: daily demand is in control with the current downtrend turning into a range on the daily.
Prediction: continue to retrace into 4H demand inside daily.
Price Points of Interest:
4H demand inside daily @ 6086.2
4H supply inside daily @ 7001.0
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure. Fortune favours the bold.
USDCAD buy low sell high when in a range. Price Altitude: Low
Daily Trend: Range
4H Trend: Down
Analysis: Price is in an ugly range on the daily with much whipsawing. Only look to trade the extremes of the range.
Prediction: Continue ranging until one side breaks the range.
Price Points of Interest:
4h Supply @ 1.31532
4h Demand @ 1.30276
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure. Fortune favours the bold.
Short USDJPY on rallies to trade with the HTF trend. Price Altitude: Middle
Daily Trend: Down
4H Trend: Range
Analysis: Price came off an old daily supply (noted in the previous post) and has moved to continue its way lower. Supply side is in control at the moment.
Prediction: Continue its way lower due to re-alignment with the daily down trend.
Price Points of Interest:
4h Supply @ 111.219
4h Supply @ 110.870
4h Demand @ 109.648
4h Demand @ 108.822
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure. Fortune favours the bold.
NZDUSD on the up and up until 4h supply realignment. Price Altitude: Middle
Daily Trend: Down
4H Trend: Up
Analysis: Price bounced off the 25% resistance line and is retracing upward into two 4h Supply zones to re-align with the higher timeframe down trend.
Prediction: Continue the retrace upward. Profit margin for longs is disappearing.
Price Points of Interest:
4h Supply @ 0.66646
4h Supply @ 0.66406
4h Demand @ 0.66079
4h Demand @ 0.65688
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure. Fortune favours the bold.
AUDUSD countertrend longs allowed after 4h supply removal. Price Altitude: Middle
Daily Trend: Down
4H Trend: Up
Analysis: Daily demand is in control with a strong retrace up yielding a 4h uptrend. Note the move up is realigning with the higher timeframe downtrend.
Prediction: Continue its way north to realign with higher timeframe supply.
Price Points of Interest:
4h Supply inside daily @ 0.74193
4h Supply @ 0.73647
4h Demand @ 0.72768
4h Demand @ 0.72325
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure. Fortune favours the bold.
GBPUSD stay away until nearest 4h supply is removed. Price Altitude: Middle
Daily Trend: Down
4H Trend: Range
Analysis: Daily demand is in control. Price bounced off and is slowly grinding its way upward. Expecting much whipsawing.
Prediction: The move higher is very choppy and slow. I expect to see a range bound environment until a break higher or lower occurs.
Price Points of Interest:
4h Supply inside Daily @ 1.2936
4h Supply @ 1.2871
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure. Fortune favours the bold.
EURUSD buy pullback into demand until HTF trend realignment. Price Altitude: Middle
Daily Trend: Down
4H Trend: Up
Analysis: Daily demand is in control. Price bounced off it and is heading upward to realign with the higher timeframe down trend.
Prediction: Continue retracing upward until there is a re-alignment with the higher timeframe downtrend.
Price Points of Interest:
4h Supply @ 1.4405
4h Supply @ 1.1515
4h Demand @ 1.1383
4h Demand @ 1.1345
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure. Fortune favours the bold.
More downside on XAUUSD but only after a retrace. Price Altitude: Low
Daily Trend: Down
4H Trend: Down
Analysis: XAUUSD has been sold off again creating supply zones and removing demand zones. Follow the trend after retrace back up.
Prediction: Since price is currently low on the price altitude, it is not to our advantage to short at its current position. I would wait for price to retrace back into newly formed 4h Supply @ 1199.62 to short XAUUSD again into daily demand. If Price heads lower and touches demand first, then the 4h short idea will be negated.
Price Points of Interest:
4H Supply @ 1199.62
Daily Demand @ 1190.54
4h Demand inside Daily Demand @ 1184.71
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure.
BTCUSD in a tight range with room to head lower.Price Altitude: Middle
Daily Trend: Down
4H Trend: Range
Analysis: BTCUSD is currently in a tight range on the 4h timeframe. It is basing high on price altitude (around 75% line).
Prediction: Continued range environment with a bias toward more downside should the range break.
Price Points of Interest:
4h Supply @ 6446
4h Demand @ 5908
4h Demand @ 5364
4h Demand inside Daily @ 4847
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure.
NZDUSD wait for a retrace to short againPrice Altitude: Middle
Daily Trend: Down
4H Trend: Down
Analysis: NZDUSD sold off last week and has moved lower in a parabolic fashion without a retrace. In my opinion the pair is over extended and due for a pullback this week.
Prediction: Since price hit 25% resistance line, I anticipate a pullback into one of the two highlighted 4H supply zones before reversing and moving lower to continue the trend lower.
Price Points of Interest:
4H Supply Zone @ 0.66398
4H Supply Zone @ 0.66655
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure.
Look to short USDCAD deep inside daily supplyPrice Altitude: High
Daily Trend: Range
4H Trend: Uptrend
Analysis: USDCAD rallied last week and has now reached a large daily supply level starting @ 1.31550. In the process it has formed demand zones. Since we are in a range on the daily timeframe, it is always advantageous to trade the extremes and ignore the chop in the middle.
Prediction: Overall my bias is to short 4h Supply @ 1.32523 and/or 1.32523.
Price Points of Interest:
4h Supply @ 1.32523
4h Supply @ 1.31655
4h Demand @ 1.30214
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure.
USDJPY daily demand in control, lots of chop in the middle..Price Altitude: Middle
Daily Trend: Downtrend
4H Trend: Downtrend
Analysis: USDJPY has axed its way through a daily demand and removed it only to touch a lower demand zone starting @ 110.606. The approach is grinding-ly awful.
Prediction: I am looking for a deeper drop into the daily demand which is now in control for a long into daily supply @ 111.214.
Price Points of Interest:
4h Demand @ 110.525
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure.
GBPJPY wait for a pullback before shorting again. Price Altitude: Middle
Daily Trend: Down
4H Trend: Down
Analysis: GBPJPY has made a parabolic move lower last week and is now sitting in the middle of the price altitude where it has been trading back and forth between the 75% and 25% resistance lines. Wait for a pullback to short with higher timeframe trend.
Prediction: I am looking to short this pair once price reaches 4h supply @ 143.114 or 143.929 should the former fail.
Price Points of Interest:
4h Supply @ 143.114
4h Supply @ 143.929
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure.
Wait for a further pullback to short GBPAUDPrice Altitude: High
Daily Trend: Down
4H Trend: Range
Analysis: GBPAUD has weakened over the last week and bounced off a tested daily demand to rally (relief) into daily supply. Biased short.
Prediction: I will be looking for a further upside move into the distal end of the daily supply and looking for confirmation to short the pair @ 1.75695.
Price Points of Interest:
4h Supply @ 1.75695
4h Demand @ 1.73991
4h Demand @ 1.73319
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure.
EURJPY wait for a pullback to short into daily demandPrice Altitude: Middle/Low
Daily Trend: Downtrend
4H Trend: Downtrend
Analysis: EURJPY has aggressively dropped without major pullbacks toward the daily demand. Currently it is sitting at 25% resistance line and has touched the overlying nearest supply @ 127.01
Prediction: I will be waiting for a pullback toward either 127.01 4h supply zone or 127.77 4h supply zone.
However, if price continues its downward move without stopping, then a long at 125.368 would be favourable as long as the approach stays aggressive.
Price Points of Interest:
4h Supply @ 127.01
4h Supply @ 127.77
4H Demand stacked inside daily demand @ 125.368
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure.
GE long ideaGE has been tanking like a rock, removing demand along the way and creating supply zones in their place. The parabolic drop in prices suggests that buy orders are sitting under current price.
From supply and demand perspective 17.27 looks interesting as we have a drop base rally demand zone sitting right under current price which could yield a nice area of reversal if price continues its parabolic drop.