Weekly Timeframe: The weekly timeframe shows that the buyers are still defending the 1.12775 weekly level. Our bias will continue to remain long, and will only change once a significant close below this level is seen.
Daily Timeframe: The daily timeframe is showing interesting price action at the moment. Check out when price broke above the 1.12775 weekly level...
Weekly Timeframe: The weekly timeframe shows that price is still ranging between a major weekly demand area at 0.76931-0.78623, and a weekly resistance level coming in at 0.80328. With that being said, anyone one considering buying the Euro at the moment may want to hold fire, since price is currently trading around the upper limits of this range (0.80328). Let’s...
Weekly Timeframe: The USD/JPY continues on its relentless march north, consequently spiking (118.968) above a major weekly supply area coming in at 117.931-116.799. The question we need answering is, is this spike a fakeout for lower prices, or is indeed a continuation move for a rally higher? Hopefully the lower timeframes can help.
Daily Timeframe: The daily...
Weekly Timeframe: The weekly timeframe shows that there is clearly buying interest being seen off of a combined weekly demand/Quasimodo support area (1.22403-1.24420/1.22866) at the moment. However, let’s all not get too excited thinking price is heading to the moon, since a weekly support swap level lurking just above at 1.26229 will likely be resistive. Let’s...
Weekly Timeframe: The weekly timeframe currently shows that the buyers and sellers are still battling it out between an ignored weekly Quasimodo support level seen at 0.88189, and a weekly Quasimodo support level below coming in at 0.85769. A close above would likely clear the way for prices to challenge a weekly support flip level seen at 0.89972, and likewise a...
Weekly Timeframe: The weekly timeframe shows that the buyers and sellers are still battling for position between the upper limits of a weekly demand area at 1.54260-1.56110, and a weekly resistance flip level seen at 1.57166. Let’s see what the lower timeframes can offer us.
Daily Timeframe: The daily timeframe shows that price is currently trading deep within a...
Weekly Timeframe: The weekly timeframe shows that further buying is currently being seen off of a combined weekly demand/Quasimodo support area (1.22403-1.24420/1.22866) at the moment. As a consequence, this has forced prices to trade just below a weekly support swap level coming in at 1.26229.
Daily Timeframe: Price has broken above a daily supply area seen at...
Weekly Timeframe: The USD/JPY pair continues to trade around a major weekly supply area (117.931-116.799) at the moment. Let’s take a look on the lower timeframes to see how price is structured.
Daily Timeframe: It was mentioned in the previous analysis that more buying could indeed be seen up to a daily Quasimodo resistance level at 117.120 (located within the...
Weekly Timeframe: The weekly timeframe shows yet another buying tail has formed just above a small weekly decision-point demand level at 1136.30. We see very little in the way stopping price from reaching 1244.08. Let’s take a look on the lower timeframes to see what we can find.
Daily Timeframe: For anyone who follows our analysis regularly, you may remember we...
Weekly Timeframe: Last week shows that the USD/JPY continued on its relentless march north, consequently hitting a major weekly supply area coming in at 117.931-116.799. Is entering the market south a wise move now? Let’s take a look on the lower timeframes to see how price is structured.
Daily Timeframe: The daily timeframe clearly shows that price has firmly...
Weekly Timeframe: The Aussie Dollar made quite a significant gain against the U.S dollar last week, as price rallied around 180 pips off of a weekly Quasimodo support level coming in at 0.85769. Assuming the buyers do not lose their enthusiasm, we could potentially see prices rallying up to around 0.88874 sometime this week.
Daily timeframe: The daily timeframe...
Weekly Timeframe: The GBP/USD pair sold off heavily last week, consequently forcing price to close below a weekly resistance flip level seen at 1.57166 and trade directly into a strong area of weekly demand coming in at 1.54260-1.56110. Should we be looking for buying opportunities around here early this week?
Daily Timeframe: The daily timeframe shows that the...
Weekly Timeframe: The weekly timeframe shows that the USD/JPY continues to rally after price broke above a major weekly supply area last week seen at 114.650-112.530. We feel that there is a good chance this rally will continue until price reaches a weekly supply area coming in at 117.931-116.799. It will be interesting to see what the lower timeframes...
Weekly Timeframe: Buying interest is currently being seen off of a weekly Quasimodo support level at 0.85769. This comes after price had closed below a major weekly demand area at 0.86591-0.88247 last week. If follow-through buying is seen, prices could potentially test 0.88874, a weekly support flip level. Let’s see what we can find on the lower...
Weekly Timeframe: The sellers continue to dominate the British pound which has consequently seen price forced south towards a weekly resistance flip level coming in at 1.57166. It will be interesting to see what the lower timeframes have to say about this.
Daily Timeframe: The daily timeframe shows that price has successfully consumed the daily demand area seen...
Weekly Timeframe: The weekly timeframe shows that a small reaction is currently being seen off of a combined weekly demand/Quasimodo support area at 1.22403-1.24420/1.22866. In the event that further buying ensues from here, price could potentially hit the weekly support flip level coming in at 1.27541.
Daily Timeframe: Thanks to the daily timeframe, we know...
Weekly Timeframe: The weekly timeframe shows that price seems to have retested the medium-term weekly high 1.12775 as support. It will be interesting to see what the lower-timeframe price action looks like, as this level could provide a nice base to buy into this market targeting the weekly supply area seen above at 1.17225-1.15417.
Daily Timeframe: The daily...
Weekly Timeframe: For anyone who bought based off of the bullish weekly pin-bar candle that broke through the weekly demand area at 1156.70-1194.45 last week will likely be in serious drawdown now. Let’s take a look on the lower timeframes to see what’s happening.
Daily Timeframe: For anyone who read Monday’s analysis of this pair, you would have likely resisted...
