Weekly Timeframe: Last week’s trading action shows that price pushed above a weekly supply area at 1296.3-1269.3. This in turn leaves the weekly supply area seen at 1391.9-1328.0 clearly in the limelight for the time being.
Daily Timeframe: Yesterday’s sessions saw price react beautifully from a daily decision-point demand area coming in at 1271.9-1281.3. As...
Weekly Timeframe: The weekly timeframe shows that selling interest came into the market at 10853. As a result, this pushed prices south back down towards the recently broken weekly trendline support (prior resistance) formed from the high 7347 (14/02/11).
Daily Timeframe: Yesterday saw the market take back most of Monday’s gains as prices declined 187 points...
Weekly Timeframe: The weekly timeframe shows that the buyers conquered yet another key weekly swap level last week seen at 1.2260. This move has potentially opened the gates for prices to challenge a major weekly Quasimodo resistance level seen at 1.2765.
Daily Timeframe: Yesterday’s trading action shows that the sellers could be making a comeback, as prices...
Weekly Timeframe: Last week saw very little action on the USD/JPY pair, which as a result formed a weekly inside bar. Should traders take this as a valid bullish signal considering that price is currently hovering above a major swap level seen at 115.50?
Daily Timeframe: Little price movement on the daily timeframe has a resulted in the market remaining capped...
Weekly Timeframe: Last week shows that Gold broke above a weekly supply area at 1296.3-1269.3, which as a result leaves the weekly supply area seen at 1391.9-1328.0 clearly in the limelight for the time being.
Daily Timeframe: The daily timeframe shows that after price broke above the weekly supply area mentioned above at 1296.3-1269.3 on Tuesday; hesitation was...
Weekly Timeframe: The weekly timeframe shows that the buyers recently conquered yet another key weekly swap level seen at 1.2260 last week, forcing the market to close near its highs at 1.2412. This move has potentially opened the gates for prices to challenge a major weekly Quasimodo resistance level seen at 1.2765.
Daily Timeframe: Last week’s action saw the...
Weekly Timeframe: Last week was clearly a fantastic week for anyone short the Aussie Dollar, as the pair declined a cool 320 pips from the underside of a recently broken descending channel (limits can be found at 0.9556 – 21/10/13 … 0.8846 – 05/08/13). This move consequently saw price consume a weekly demand area at 0.8064-0.8460, and at the same time attack...
Weekly Timeframe: The EUR/USD weekly chart is almost too painful for the human eye. The ECB unveiled quantitative easing measures for the Eurozone on Thursday, consequently causing a further decline in value. The past three weeks have been quite dramatic with price consuming an ignored Quasimodo swap level at 1.1758, and also, more recently, a major weekly demand...
Weekly Timeframe: Last week shows that the rebound seen from the weekly decision-point demand area at 9126-9467 has recently extended higher and closed above a weekly resistance level seen at 10048. Providing that the buyers can hold out above 10048, we see very little reason why the DAX cannot continue higher.
Daily Timeframe: The daily timeframe shows that...
Weekly Timeframe: The USD/JPY pair continues to hover just above a major weekly swap level coming in at 115.50.
Daily Timeframe: The daily timeframe picture reveals that the upward momentum seen from the daily demand area at 115.55-116.38 may be diminishing, as price begins to stall just below a daily supply area seen at 119.95-119.14.
4hr Timeframe: Recent...
Weekly Timeframe: The weekly timeframe shows that the Euro continued on its relentless march south, as the ECB unveils quantitative easing measures for the Eurozone. This move has forced the Euro below a major weekly demand area at 1.1373-1.1617, and as such likely opened the gates for prices to challenge a weekly Quasimodo support level coming in at...
Weekly Timeframe: The weekly timeframe shows price conquering yet another key weekly level at 1.2260, as the USD/CAD pair continues on its relentless march north. This move has consequently opened the gates for prices to challenge a major weekly Quasimodo resistance level seen at 1.2765.
Daily Timeframe: Yesterday saw the USD break above a daily supply area at...
Weekly Timeframe: The USD/JPY pair shows price hovering just above a major weekly swap level coming in at 115.50.
Daily Timeframe: Yesterday’s trading action reveals that active sellers came into the market just below a daily supply area (119.95-119.14) around the 118.82 mark. This took us a little by surprise as we felt prices would likely rally higher towards...
Weekly Timeframe: The weekly timeframe shows that Gold has broken above a weekly supply area at 1296.3-1269.3, which as a result leaves the weekly supply area seen above at 1391.9-1328.0 clearly in the limelight for the time being.
Daily Timeframe: Yesterday’s trading action saw the daily timeframe form an indecision doji candle, as price spiked above a small...
Weekly Timeframe: The weekly timeframe shows that the buyers and sellers remain battling for position within a major weekly demand area coming in at 1.1373-1.1617. A win for the buyers here will likely see the Euro visit 1.1758, an ignored weekly Quasimodo level.
Daily Timeframe: Yesterday’s trading action reveals that the buyers attempted to push the Euro...
Weekly Timeframe: The USD/JPY pair shows that buying interest is currently being seen from just above a major weekly swap level coming in at 115.50.
Daily Timeframe: Yesterday saw further buying enter the market which we believe was a result of price consuming selling opposition around a daily swap area seen at 117.22-117.64. Assuming that further buying is...
Weekly Timeframe: The weekly timeframe shows that Gold has pushed above the weekly supply area at 1255.2-1226.1, and traded directly into an oncoming supply area seen at 1296.3-1269.3.
Daily Timeframe: Yesterday was clearly a day for the buyers as prices were rocketed north deep into a daily supply area seen at 1296.3-1289.2 (seen deep within the aforementioned...
Weekly Timeframe: The weekly timeframe shows that Gold has pushed above the weekly supply area at 1255.2-1226.1, and traded directly into another weekly supply area coming in at 1296.3-1269.3.
Daily Timeframe: Recent trading action on the daily timeframe shows that price engulfed a daily supply area at 1277.1-1261.6, which as a result likely cleared the path...
