Weekly Timeframe: The recent momentum seen over the past two weeks has brought price down to a weekly Quasimodo support level at 0.88189, which should produce a bounce at the very least, since weekly demand is sitting directly below at 0.86591-0.88247.
Daily Timeframe: The daily timeframe however is telling a different story. Monday’s trading sessions saw a...
4hr Timeframe: A potential shorting opportunity may be setting up on the Swissy pair. The low 0.93787 marked with a blue arrow has been consumed, potentially clearing the way down to the 0.93344 level.
If price hits the 0.93344 level before filling our pending sell order set at 0.93931, then the trade is cancelled, since this will very likely be our take-profit...
Weekly Timeframe: Price closed below the weekly decision-point level at 1244.08 on the 08/09/14, with price seen retesting it as an area of resistance. Could this be all the sellers need to push prices down to weekly demand at 1156.70-1194.45?
Daily Timeframe: The daily timeframe shows that before the sellers can reach weekly demand at 1156.70-1194.45, they have...
Weekly Timeframe: The recent momentum seen over the past two weeks has brought price down to a weekly Quasimodo support level at 0.88189, which should produce a bounce at the very least, since weekly demand is sitting directly below at 0.86591-0.88247.
Daily Timeframe: The daily timeframe however is telling a different story. Monday’s trading sessions saw a...
Weekly Timeframe: A beautiful to-the-pip touch was seen at a weekly decision-point supply area at 1.66429-1.65340 last week, which brought prices back down to a weekly resistance flip level seen at 1.62591. This week, we will be watching for lower-timeframe bullish price action around this level. However, if this level gives way, it would likely encourage...
Weekly Timeframe: The Euro continued its relentless march south last week, and as a result saw prices closing just above a very obvious weekly ‘buy zone’ (1.26591-1.28010) at 1.28234. This zone remains an important one to us, since it has provided support to the market on three previous occasions, the first, on 25/03/13 (1.27497), the second seen on 13/05/13...
Weekly Timeframe: At the time of writing, the weekly timeframe shows price is trading deep within weekly supply at 0.94546-0.93081. Should this pair see a sell off, we can likely expect active buyers to come into the market around a notable weekly resistance flip level at 0.90927.
Daily Timeframe: The recent push deeper into daily supply at 0.94546-0.93702 only...
Weekly Timeframe: It seems after price consumed the weekly supply area at 1.10522-1.09996, the pair sold off sharply, down to just above a weekly decision-point level at 1.08774, can we be expecting higher prices up to the weekly Quasimodo resistance level at 1.11252 from here?
Daily Timeframe: The daily timeframe has been showing very bullish price action over...
Weekly Timeframe: The EUR/GBP pair is now trading around serious weekly demand at 0.76931-0.78623 thanks to a 200 pip decline in value seen last week; this was likely fueled by the recent events surrounding Scotland. Overall, our bias for this pair is very much long, with the expectation of prices eventually trading back up to at least the weekly supply area at...
Weekly Timeframe: There is clearly not much interest in selling the pound at the moment, since price has literally ignored the weekly resistance flip level at 1.62591, and now appears to be trading towards a weekly decision-point area at 1.66429-1.65340.
Daily timeframe: The daily timeframe shows price is currently trading around a daily demand flip area at...
Weekly Timeframe: The weekly timeframe shows there is clearly buying interest seen around the weekly ‘buy zone’ area at 1.26591-1.28010. The fact that price has yet to hit this area, and higher prices are being seen likely indicates strong demand (buying pressure).
Daily Timeframe: As already mentioned above, there is clearly interest in buying the Euro at the...
Weekly Timeframe: A to-the-pip touch has been seen off of a weekly supply area at 0.81571-0.80635. Could this be enough to push prices down into the weekly demand area seen at 0.76931-0.78623? It certainly appears that way at the moment.
Daily Timeframe: The daily timeframe shows the Euro has seen a serious decrease in value against the British pound as prices...
Weekly Timeframe: At the time of writing, the weekly timeframe shows price is holding nicely within weekly supply at 0.94546-0.93081. Should this pair see a sell off, we can likely expect active buyers to come into the market around the weekly resistance flip level at 0.90927.
Daily timeframe: Consolidating price action is currently being seen on the daily...
Weekly Timeframe: With the consumption of the weekly supply area recently seen at 1.10522-1.09996, we expected prices to at least touch base with the weekly Quasimodo resistance level at 1.11252 before selling was seen. It appears pro money may have already accumulated all the liquidity they needed to sell. The next area of interest for the sellers on this...
Weekly Timeframe: Following a positive close below the weekly decision-point level at 1244.08, price appears relatively free to trade lower down to around a ‘weekly buy zone’ seen at 1156.70-1194.45. At the time of writing, price came within a few points of nearly retesting the 1244.08 level as resistance, could this be all the sellers need to push prices down to...
Weekly Timeframe: A full-bodied bearish candle has been seen closing below a long-term weekly consolidation area at 0.94600-0.92046. In our humble opinion, it appears there is very little obvious weekly demand until price reaches the weekly Quasimodo support level at 0.88189, which is beautifully located just above a weekly demand area at 0.86591-0.88247. Be that...
4hr Timeframe: A beautiful-looking wick formed from reacting off of the huge number 1.3. The first take-profit target (1.29839) has now been hit from our long position taken last week at 1.28936. Its decision time once again on the Euro, if follow-through selling is seen off of the round number 1.3, and the low 1.29074 marked with a red circle gets consumed; it is...
Weekly Timeframe: At the time of writing, the weekly timeframe shows price is holding nicely within weekly supply at 0.94546-0.93081. Should this pair see a sell off, we can likely expect active buyers to come into the market around the weekly resistance flip level at 0.90927.
Daily timeframe: Consolidating price action is currently being seen on the daily...
