Weekly Timeframe: Buying interest has recently been seen on the weekly timeframe coming from within a stone’s throw away from the weekly decision-point demand level at 1136.3.
Daily Timeframe: The recent ascent on Gold has pushed price up to 1170.5, an ignored daily Quasimodo line. In the event that price closes above this hurdle today, this will likely clear...
Weekly Timeframe: The weekly timeframe shows that price closed below a weekly demand area at 1166.8-1195.0 last week. Assuming that the sellers can hold out below this zone, we feel there’s a good chance that further downside will be seen towards the weekly decision-point demand level coming in at 1136.3.
Daily Timeframe: Following the pin-bar retest of the...
Weekly Timeframe: The weekly timeframe shows that buying has entered the market, which could, given enough time, push the DOW back up to the 18098 level.
Daily Timeframe: From the daily picture, we can see that the DOW is currently ranging between a daily decision-point demand area seen at 17561-17655, and a daily decision-point supply area coming in at...
Weekly Timeframe: The weekly timeframe shows that DOW Jones index saw further downside last week. In the event that the sellers can continue with this intensity, we might, just might, see price retest the ignored weekly Quasimodo level at 17135 again.
Daily Timeframe: From the pits of the daily timeframe we can see that price is currently ranging between a daily...
Weekly Timeframe: The weekly picture shows that cable declined over 300 pips into the close (1.4725) last week. This move consequently took out both the weekly Quasimodo support level at 1.5007, and a major weekly swap level seen at 1.4832, which, as you can probably see, leaves the weekly demand area seen below at 1.4225-1.4482 clearly in the limelight for the...
Weekly Timeframe: Last week shows that the Euro depreciated for the third consecutive week losing over 340 pips into the close (1.0487). This move completely wiped out the weekly demand area seen coming in at 1.0499-1.0740, and at the same time, likely opened the doors to further downside towards 1.0411 – a long-term weekly swap level that can be seen stretching...
Weekly Timeframe: The weekly timeframe shows that price is currently lingering just below a major weekly Quasimodo resistance level coming in at 122.18.
Daily Timeframe: Looking at the daily picture, we can see that price remains consolidating just below a daily supply area visible at 122.61-121.54 (encapsulates the aforementioned weekly Quasimodo resistance...
Weekly Timeframe: The weekly timeframe shows that buying interest is currently being seen from within weekly demand at 0.7449-0.7678. In addition to this, we can also see further support coming in from a long-term weekly trendline extended from the low 0.4775 seen way back in 2001.
Daily Timeframe: A clear reaction was seen yesterday around the upper limits of...
Weekly Timeframe: The weekly chart shows that the GBP/USD is now trading just above a weekly swap level seen at 1.4832. This level, in our opinion, is quite a significant one since if you look to the left; you’ll notice that this price area was in fact the origin of a year-long uptrend seen back in mid-2013.
Daily Timeframe: At this point in time, the buyers and...
Weekly Timeframe: The weekly timeframe shows that price recently spiked below (only by a few pips mind you) a weekly demand area coming in at 1.0499-1.0740. The question we would love an answer to is to whether this was a fakeout for higher prices, or consumption to go lower? Let’s take a look to see what the lower timeframes make of this…
Daily Timeframe: The...
Weekly Timeframe: The weekly timeframe shows that price is currently trading just below a weekly demand area coming in at 1166.8-1195.0. Assuming that the sellers can hold out below this zone, we feel there’s a good chance that further downside will be seen towards the weekly decision-point demand level coming in at 1136.3.
Daily Timeframe: From the pits of the...
Weekly Timeframe: Overall, price action on the weekly timeframe remains relatively unchanged. The USD/CAD pair is still seen capped to the upside by a weekly Quasimodo resistance level visible at 1.2765.
Daily Timeframe: Yesterday’s daily candle saw price close above the 1.2662 high, which, as we mentioned yesterday, would likely clear the path north for the...
Weekly Timeframe: The weekly timeframe shows that further downside has been seen, thereupon forcing the Euro into a weekly demand area formed back in early 2003 at 1.0499-1.0740.
Daily Timeframe: From the daily timeframe, we can see that yesterday’s daily candle took out a major daily demand area coming in at 1.0760-1.0872 (encapsulates major daily swap level at...
Weekly Timeframe: Last week’s trading action reveals that the 18098 high was clearly not strong enough to hold as support, which, as a result, saw the market sell off and close at 17869. Should further selling be seen from here this week, weekly support (as far as we can see) is not expected to come into the market until around the ignored weekly Quasimodo level...
Weekly Timeframe: From the weekly timeframe, we can see that Gold sold off last week which consequently saw price break (a few pips) below a weekly demand area at 1166.8-1195.0. Could this be all that’s needed to encourage further selling down to a weekly decision-point demand level at 1136.3? Let’s take a look at the lower timeframes to see what we can...
Weekly Timeframe: Cable, like the Euro, also formed a large full-bodied bearish candle stretching a little over 390 pips from open (1.5414) to close (1.5020). This move (likely caused by the NFP result as well) consequently forced prices down to just above (13 pips to be exact) an already proven weekly Quasimodo support level coming in at 1.5007.
Daily Timeframe:...
Weekly Timeframe: Last week shows price closed (120.69) above the upper limits of a weekly symmetrical triangle formation (121.83/117.43). This move has very likely cleared the path north for further buying up to a weekly Quasimodo resistance level coming in at 122.18.
Daily Timeframe: From the pits of the daily timeframe, we can see that Friday’s trading...
Weekly Timeframe: Last week saw the market print a whopping full-bodied bearish candle stretching a little over 340 pips from open (1.1180) to close 1.0837). This king-size whopper managed to take out a weekly Quasimodo support level at 1.1109, and drive deep into a weekly demand area coming in at 1.0760-1.0988. A break below this zone would likely see further...
