Weekly TF.
Price still remains trading between the weekly supply area above at 1391.97-1328.04 and a nice-looking weekly decision-point level below at 1244.04 with no attempt of a breakout yet to be seen.
Daily TF.
Last week saw some serious selling going on with the only notable buying interest being seen on Friday, as price hit a major daily S/R flip level at...
Weekly TF.
A close above the weekly decision-point level at 0.90927 has been seen. Any sellers around this area have now very likely been stopped out, and on this timeframe the path north appears to be clear up to around the weekly supply area at 0.94546-0.93081.
Daily TF.
Price is still trading within a daily range. Daily supply is seen above at...
Weekly TF.
Last week saw price action predominantly remain trading within the weekly supply area at 1.09592-1.08133. Any sellers that were trying to fade this area have very likely been forced to cover their positions now, indicating the path is now clear up to the small weekly supply area above at 1.10522-1.09996.
Daily TF.
The daily timeframe’s price action...
Weekly TF.
Last week buyers and sellers were being seen battling it out within the weekly decision-point level at 0.80328-0.79780, however two weeks ago a spike/wick above this area was seen indicating some of the sellers have been consumed and meaning the path north up to the weekly supply area at 0.81397-0.80805 is possibly free.
Daily TF.
The battle between...
Weekly TF.
A huge rally in price was seen last week which saw the market close for week (103.884) just below the weekly supply area at 105.432-104.065. We will definitely begin looking for shorts now and any long positions will need confirmation as we could see some very serious selling take place either this week or the next.
Daily TF.
Ouch, a spike above the...
Weekly TF.
There is clear selling pressure from the major weekly supply area at 1.76297-1.67702, as price has smashed through the weekly demand area at 1.66917-1.67939 with little trouble, and is now currently seen trading quite deep within the weekly demand area below at 1.64589-1.66339. Is there any chance higher prices will be seen from this weekly demand...
Weekly TF.
Last week saw the sellers positively close below the weekly demand area at 1.32940-1.34847, and is now being seen testing the weekly demand area at 1.31037-1.32262. We could be seeing higher prices from here this week; however, we have to be prepared for the possibility of a deeper test within the aforementioned weekly demand area first. Let’s take a...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly TF: The next weekly demand area at 1.64589-1.66339 has been hit, price now remains capped between this area and a weekly D/S flip area above at 1.66917-1.67939.
• Daily TF: Price is seen trading quite deep within daily demand at 1.65492-1.66044 and at the time of writing very little buying...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly TF: A break below the weekly demand area at 1.32940-1.34847 recently happened, and at the time of writing price has nearly touched the weekly demand area below at 1.31037-1.32262.
• Daily TF: Price still remains trading between the daily S/R flip level at 1.33559, and the daily demand area...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly TF: price still remains trading between a long-term weekly R/S flip level at 101.206 and a weekly supply area above at 105.432-104.065 with price now seen trading just below the aforementioned weekly supply area.
• Daily TF: As expected, a big push has been seen up to the daily supply area...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly TF: Price is still frustratingly trading within a weekly consolidation area with the upper limits seen at 0.94600, and the lower at 0.92046, with no signs of a break happening just yet.
• Daily TF: Price still remains caught trading between the daily demand area 0.92046-0.92354, and a daily...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly TF: The next weekly demand area at 1.64589-1.66339 has been hit, price now remains capped between this area and a weekly D/S flip area above at 1.66917-1.67939.
• Daily TF: A nice-looking daily demand area at 1.65492-1.66044 has recently seen a touch, and at the time of writing, little...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly TF: At the time of writing, a break below the weekly demand area at 1.32940-1.34847 has been seen. The path south, on this timeframe appears clear down to the weekly demand area at 1.31037-1.32262 which may be hit very soon.
• Daily TF: Yet another impressive full-bodied bearish candle has...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly TF: Price still remains trading between the weekly supply area above at 1391.97-1328.04 and a nice-looking weekly decision-point level below at 1244.04; however, current trading action is taking place nearer the weekly supply area for the time being.
• Daily TF: Price is capped between the...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly TF: Price is still seen dancing around the weekly decision-point level at 0.90927 and has been for three weeks now. A push south could see a touch of weekly demand at 0.85664-0.88124, likewise a push above could see price testing weekly supply at 0.94546-0.93081.
• Daily TF: Price is still...
4hr.
The higher-timeframe picture resembles the following:
• Weekly TF: Upon price closing above the weekly supply area at 1.09592-1.08133, the path north is relatively free to hit the small weekly supply area above at 1.10522-1.09996, however before this happens a decline in value may well be seen all the way back down to weekly demand at 1.05715-1.07008, since...
4hr TF
The higher-timeframe picture resembles the following:
• Weekly TF: A small spike above the weekly decision-point area has been seen at 0.80328-0.79780, this spike above has likely cleared some of the sellers out indicating the path north to around weekly supply above at 0.81397-0.80805 is relatively free.
• Daily TF: A spike (0.80351) above daily supply...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly TF: Price is still frustratingly trading within a weekly consolidation area with the upper limits seen at 0.94600, and the lower at 0.92046, with no signs of a break happening just yet.
• Daily TF: Price still remains caught trading between the daily demand area 0.92046-0.92354, and a daily...
