Weekly Timeframe: The USD/JPY pair finished the week defending a major weekly swap level seen at 115.503, forcing the weekly candle to close near its highs (119.614) at 119.455. Providing that the buyers do not lose their enthusiasm, this week will likely see a further push north up to test a weekly Quasimodo resistance level coming in at 122.180.
Daily...
Weekly Timeframe: Active buying is currently being seen on the DAX from a weekly decision-point demand area at 9126-9467. Assuming that the buyers do not lose their spirit here, we could potentially see price test the all-time high 10090.
Daily Timeframe: The daily timeframe shows that the index has now rallied for three consecutive days, with yesterday’s action...
Weekly Timeframe: The weekly timeframe shows that the buyers and sellers have been trading between a nice-looking weekly demand area at 1.54260-1.56110, and a weekly swap level seen at 1.57166 for the past four weeks now. A break above may see the buyers push higher towards 1.58934, another weekly swap level. And conversely, a break lower would likely attract...
Weekly Timeframe: The weekly timeframe shows that the buyers and sellers are currently battling for position within a weekly Quasimodo support area seen at 1.22403-1.22942. For anyone considering shorting the Euro at the moment, you may want to consider that heavy-weight buying activity could very well be seen soon.
Daily Timeframe: The daily timeframe shows that...
Weekly Timeframe: The weekly timeframe shows that the buyers are currently standing strong on a major weekly swap level at 115.503. In the event that further buying is seen from here, a test of the weekly Quasimodo resistance level seen at 122.180 may well happen.
Daily Timeframe: It was mentioned in the previous analysis that in order for the USD/JPY pair to...
Weekly Timeframe: The weekly supply area seen at 1255.20-1226.18 seems to be proving itself as the sellers are currently seen driving price south. Assuming that the sellers keep up with this enthusiasm, it is likely we may see another test of 1136.30, a weekly decision-point demand level.
Daily Timeframe: The daily timeframe shows that the buyers are struggling...
Weekly Timeframe: Active buying is currently being seen on the DAX from a weekly decision-point demand area at 9126-9467. This is clearly proving to be a troublesome barrier for the sellers to overcome.
Daily Timeframe: The daily timeframe shows that the rebound from the daily demand area at 9126-9233 extended higher yesterday closing for the day at 9651. We...
Weekly Timeframe: The weekly timeframe shows that price is currently standing strong on a major weekly swap level at 115.503. In the event that further buying is seen from here, a test of a weekly Quasimodo resistance level at 122.180 may be seen.
Daily Timeframe: The daily timeframe on the hand reveals that for prices to continue rallying north, selling...
Weekly Timeframe: The USD continues to hammer the AUD deeper into the major weekly demand area seen at 0.80646-0.84601. A break below this area may promote further selling down towards a weekly demand area coming in at 0.76999-0.79740.
Daily Timeframe: The daily timeframe currently shows that price is trading deep within a daily demand area at 0.80809-0.82270...
Weekly Timeframe: Buying interest is currently being seen off an ignored weekly Quasimodo resistance level at 17135.
Daily Timeframe: The daily timeframe shows that no further decline was seen yesterday. We were initially expecting price to trade down towards a fresh daily decision-point demand area at 16895-16997 before a move higher to 17362 was seen. In order...
Weekly Timeframe: The weekly timeframe shows that the market continues to sell off as price is pushed down towards a weekly swap level coming in at 115.503 where active buying is currently being seen.
Daily Timeframe: The daily demand area seen at 117.225-117.873 has now been well and truly consumed, which as a result forced the market south towards the...
Weekly Timeframe: The weekly supply area seen at 1255.20-1226.18 seems to be proving itself as the sellers are currently seen driving price south. Assuming that the sellers keep up with this enthusiasm, it is likely we may see another test of 1136.30, a weekly decision-point demand level.
Daily Timeframe: The previous analysis reported that we believed that the...
Weekly Timeframe: The weekly supply seen at 1255.20-1226.18 seems to be proving itself as the sellers are currently seen driving price south. Assuming that the sellers keep up with this enthusiasm, it is likely we may see another test of 1136.30, a weekly decision-point demand level.
Daily Timeframe: It was mentioned in the previous analysis that after the daily...
Weekly Timeframe: Further buying strength is being seen on the USD/CAD pair, as we watch the bulls claw their way higher into a weekly supply area seen at 1.17225-1.15417 (located within a larger weekly supply area seen at 1.18061-1.14739). It will be interesting to see what the lower timeframes show.
Daily Timeframe: The daily timeframe shows that yesterday was...
Weekly Timeframe: After seven consecutive weeks of relentless buying, the USD/JPY pair finally saw some selling interest last week from just below a weekly Quasimodo resistance level seen at 122.180. This move has consequently forced prices down towards a weekly swap area coming in at 117.931-116.799. This week shows that further selling is being seen at the...
Weekly Timeframe: Last week was clearly a successful one for the buyers with sellers showing little to no interest. The market moved a respectable 247 pips from a nice-looking weekly Quasimodo support area at 1.22403-1.22942, forcing the market to close at 1.24594 just below a minor weekly swap level coming in at 1.24996. Let’s see what the lower timeframes have...
Weekly Timeframe: The rebound from the weekly decision-point demand level seen at 1136.30 extended higher recently, forcing Gold to close (1222.20) a few pips below a weekly supply area coming in at 1255.20-1226.18. It will be interesting to see what the lower timeframes show.
Daily Timeframe: The daily timeframe shows that apart from Monday and Tuesday, the Gold...
