Weekly Timeframe: The weekly timeframe shows that Gold has recently hit a weekly demand area coming in at 1166.8-1195.0. Assuming that there are active buyers here, price could very well rally back up to test 1222.2.
Daily Timeframe: Yesterday’s trading action shows that a rather vicious spike/tail pierced through a small daily swap level coming in at 1200.0....
Weekly Timeframe: Overall, the AUD/USD pair still remains bullish in our opinion as last week saw price continue to trade above the weekly demand area coming in at 0.7449-0.7678. And with resistance not expected to come into the market until price reaches the 0.8064 hurdle, we feel that the Aussie has much higher to move yet. It will be interesting to see what the...
Weekly Timeframe: The weekly timeframe shows price has closed just above the upper limits of a symmetrical triangle formation (121.83/117.43). Assuming that the buyers can hold out above this barrier, further upside could be seen this week up to around the weekly Quasimodo resistance level coming in at 122.18.
Daily Timeframe: The latest from the daily timeframe...
Weekly Timeframe: Ever since we saw the market rebound from the weekly Quasimodo support level at 1.1109 (26/01/15), price has been seen hesitating below a weekly supply area coming in at 1.1678-1.1458. A break above this supply could very well clear the path north up to a major weekly swap level seen at 1.1758.
Daily Timeframe: Since the 12/02/15, the EUR/USD...
Weekly Timeframe: The weekly timeframe shows price has recently dipped below the weekly swap level at 1222.2, which as you can see clearly attracted further selling down to just above a weekly demand area coming in at 1166.8-1195.0.
Daily Timeframe: Yesterday’s action saw price spike below a daily decision-point demand area at 1204.4-1216.5 forming a beautiful...
Weekly Timeframe: Following the strong rebound from the ignored weekly Quasimodo level coming in at 17135, further extension was seen last week forcing price to close near its highs at 18010. In the event that further buying ensues, we feel there’s a very good chance that price will attack the overall high seen at 18098 very soon.
Daily Timeframe: The daily...
Weekly Timeframe: The weekly timeframe shows price still remains trading between weekly supply coming in at 1.1678-1.1458, and a weekly Quasimodo support level visible at 1.1109. Nevertheless, much of the recent trading action has been seen taking place just below the aforementioned weekly supply area.
Daily Timeframe: The situation on the daily timeframe remains...
Weekly Timeframe: The weekly timeframe shows price has dipped below the weekly swap level at 1222.2, which consequently could attract further selling down towards a weekly demand area coming in at 1166.8-1195.0.
Daily Timeframe: The sell off seen yesterday from the daily decision-point supply area at 1245.8-1233.1 forced price to spike just below a daily...
Weekly Timeframe: At the time of writing, the buyers appear to be attempting to breakout north from the symmetrical triangle extended from the high/low 121.83/117.43. In the event that the buyers are successful in their attempt, this could spark further rallying towards a major weekly Quasimodo resistance level seen above at 122.18.
Daily Timeframe: The latest...
Weekly Timeframe: Last week saw Gold print an indecision candle just above a weekly swap level located at 1222.2. If buying strength is seen from this area, watch for the weekly swap level just above at 1251.5 to potentially repel the market. A break below 1222.2 on the other hand would likely open the doors to further downside towards a weekly demand area seen...
Weekly Timeframe: Last week saw sterling strongly close above a weekly swap level seen at 1.5270. Assuming that the buyers can hold the market above this level, we then feel there’s a good chance that price will likely test the weekly supply area seen at 1.5784-1.5541.
Daily Timeframe: Yesterday saw selling interest come into the market around a daily swap level...
Weekly Timeframe: The weekly timeframe shows price is currently trading between a weekly supply area coming in at 1.1678-1.1458, and a weekly Quasimodo support level at 1.1109. Nevertheless, much of the recent trading action has been seen taking place a little below the aforementioned weekly supply area.
Daily Timeframe: Further selling was seen yesterday from...
Weekly Timeframe: Last week saw Gold print an indecision candle just above a weekly swap level located at 1222.2. If buying strength is seen from this level, watch for the weekly swap level seen just above at 1251.5 to potentially repel the market. A break below 1222.2 on the other hand would likely open the doors to further downside towards a weekly demand area...
Weekly Timeframe: Last week saw the market print a nice-looking bearish pin bar candle near the upper limits of a compressed symmetrical triangle. All of this has formed in between a major weekly swap level seen at 115.50 and a weekly Quasimodo resistance level visible at 122.18.
Daily Timeframe: Following Wednesday’s break of the daily supply area seen at...
Weekly Timeframe: The situation on the weekly timeframe shows that sterling has strongly broke above a weekly swap level seen at 1.5270. This move has likely opened the gates for further upside towards a weekly supply area visible at 1.5784-1.5541.
Daily Timeframe: Yesterday was clearly a good day for anyone long sterling, as price closed above the aforementioned...
Weekly Timeframe: The weekly timeframe shows that the buyers and sellers continue to trade between a weekly supply area coming in at 1.1678-1.1458, and a weekly Quasimodo support level seen at 1.1109. Nevertheless, at this point in time, buying and selling is taking part closer to the aforementioned weekly supply barrier.
Daily Timeframe: After a lackluster...
Weekly Timeframe: The weekly timeframe shows that Gold has dipped below the weekly swap level seen at 1222.2, which may have opened the gates for further downside towards a weekly demand area coming in at 1166.8-1195.0.
Daily Timeframe: Yesterday’s trading action on the daily timeframe saw Gold sell off and close below a significant daily decision-point demand...
Weekly Timeframe: Last week shows price rebounded strongly from the ignored weekly Quasimodo level coming in at 17135. In the event that further buying is seen this week, we feel there’s a very good chance that price will attack the overall high seen at 18098.
Daily Timeframe: Yesterday was clearly a good day for anyone long the DOW, as price rallied north and...
