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...
Weekly Timeframe: An important weekly supply area at 1.10522-1.09996 was recently consumed, no doubt taking out any traders attempting to fade this area in the process. Price is now very close to a weekly Quasimodo resistance level at 1.11252, which should in all likelihood see a nice bearish reaction when/if prices reach this far.
Daily Timeframe: The close...
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. Be that as it may, a retest (now resistance) could very well be seen of the weekly decision-point level sometime soon.
Daily Timeframe: Monday’s trading action saw...
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...
Weekly Timeframe: An average bullish pin-bar candle was formed last week on this timeframe; does this mean we could be seeing higher prices this week? It is very difficult to tell on this timeframe, since the tail appears to be floating in midair. Nonetheless, we cannot ignore the fact that this candle formed 58 pips or so from a valid ’weekly buy’ zone at...
Weekly Timeframe: At the time of writing, the weekly pin-bar candle formed last week within weekly supply at 0.94546-0.93081 appears to be failing, as buying pressure is seen coming into the market at the moment.
Daily timeframe: Anyone that sold based off of the weekly pin bar within weekly supply (0.94546-0.93081) may be in a little trouble. As explained in the...
Weekly Timeframe: A full-bodied bearish candle formed last week resulting in price closing below a weekly decision-point level at 1244.08. As per this timeframe, price appears relatively free to trade lower down to at least a valid ‘weekly buy zone’ seen at 1156.70-1194.45.
Daily Timeframe: The gold market significantly decreased in value last week, resulting in...
Weekly Timeframe: Sellers seem to have entered the market last week around a notable weekly supply area at 0.94546-0.93081, this selling has formed a bearish pin-bar candle, could we safely assume lower prices will be seen this week then?
Daily timeframe: Anyone considering selling based on the bearish pin-bar candle seen within weekly supply (levels above) may...
Weekly Timeframe: Very similar to the Euro, the British pound had a bullish week. Price failed to hit the weekly demand area at 1.58533-1.60157 by about 35 pips or so before taking off like a rocket. The market closed the week at 1.62636; just a few pips above a major weekly resistance flip level at 1.62591. If this level gives way, the next key area of weekly...
Weekly Timeframe: At the time of writing, price is trading around a weekly decision-point (support) level at 1244.08. In our humble opinion, it may be time to be locking in profits on any shorts open, and thinking about looking for buying opportunities.
Daily Timeframe: Price has broken below both the daily decision-point level at 1252.02, and the daily demand...
Weekly Timeframe: A break below the weekly consolidation area (0.94600/0.92046) is taking place at the time of writing, could this be just a fakeout to stop out the sellers, or is it really a continuation move in the making?
Daily Timeframe: The daily timeframe clearly indicates the sellers mean business! The daily resistance flip level at 0.91323 has seen a...
Weekly Timeframe: Serious buying interest has come into the market around the 1.60506 level, a little above our pre-determined area of weekly demand at 1.58533-1.60157. Unfortunately for the buyers, price is currently trading around a monster weekly resistance flip level at 1.62591, where at the time of writing, the sellers are showing very little interest in...
Weekly Timeframe: At the time of writing, price is trading directly above a weekly decision-point (support) level at 1244.08. In our humble opinion, it may be time to be locking in profits on any shorts open, and thinking about looking for buying opportunities.
Daily Timeframe: On the daily timeframe price is seen entering a daily demand area at 1238.41-1254.85....
Weekly Timeframe: Follow-through buying is currently being seen on the USD/JPY after price broke above the weekly supply area at 105.432-104.065. From here, we see very little on this timeframe stopping price from hitting the heavy-weight weekly supply area at 110.652-108.123.
Daily Timeframe: Price is currently seen trading around the upper limit of the daily...
