Weekly timeframe perspective: From the weekly timeframe, we can see that price has been driven deep into a minor weekly decision-point demand area coming in at 118.22-119.40. If the buyers manage to maintain their position within this zone, we may see price attack the weekly Quasimodo resistance level at 122.18.
Daily timeframe perspective: The daily timeframe...
Weekly timeframe perspective: At the time of writing, price is seen teasing a minor weekly decision-point demand area coming in at 118.22-119.40. If price can hold out above this zone, we then feel there’s a very good chance that the buyers will attack the weekly Quasimodo resistance level seen at 122.18.
Daily timeframe perspective: From this timeframe, we can...
Weekly timeframe perspective: Last week saw the Euro form a bullish engulfing candle a few pips from above the long-term weekly swap (support) level coming in at 1.0411. In the event that this attracts further buyers into the market (which at the moment it looks as though it is), price will very likely be drawn to the weekly swap (resistance) level seen at...
Weekly timeframe perspective: At the time of writing, price is seen teasing a minor weekly decision-point demand area coming in at 118.22-119.40. If price can hold out above this zone, we then feel there’s a very good chance that the buyers will attack the weekly Quasimodo resistance level seen above at 122.18.
Daily timeframe perspective: From this angle, we can...
Weekly timeframe perspective: The current situation on the weekly chart shows price lingering just below a weekly Quasimodo resistance (prior support) level seen at 1.5007. Further downside from here could see price drop as far as the major weekly demand area coming in at 1.4225-1.4482.
Daily timeframe perspective: From here, we can see that price is currently...
Weekly timeframe perspective: Last week shows that selling was seen on the USD/JPY pair, which as a consequence forced price down towards a minor weekly decision-point demand area coming in at 118.22-119.40. If price can hold out above this level, we then feel there’s a very good chance that the buyers will attack the weekly Quasimodo resistance level seen above...
Weekly timeframe perspective: Last week’s action saw price form a bullish engulfing candle a few pips from above the long-term weekly swap level coming in at 1.0411. However, last week’s close 1.0813 was unable to close above the prior week’s opening line at 1.0828, thus leaving us unsure to the validity of this candle pattern.
Nevertheless, if further buying is...
Weekly timeframe perspective: Clear buying interest came into the market last week from just above a weekly decision-point demand level at 1136.3. Consequent to this, as you can probably see, price formed quite a nice-looking weekly bullish engulfing pattern. Let’s take a look at what the lower timeframes think…
Daly timeframe perspective: The daily timeframe on...
Weekly Timeframe: Buying interest has recently been seen on the weekly timeframe coming in from just above 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 the path north for...
Weekly Timeframe: Supportive pressure continues to be seen on the weekly timeframe from a small, yet clearly reactive weekly decision-point demand area at 118.22-119.40. In the event that further buying is seen on the basis of this support, we’ll likely see price shake hands with a major weekly Quasimodo resistance level coming in just above at 122.18.
Daily...
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...
