4hr TF. The higher-timeframe picture resembles the following: • Weekly timeframe: A push above the monster weekly supply area has been at 1.09592-1.08133, which has now possibly cleared the path up to a nice-looking small weekly supply area at 1.10522-1.09996. • Daily timeframe: A push above daily supply at 1.09592-1.09156 has been seen, potentially clearing the...
4hr TF. The higher-timeframe picture resembles the following: • Weekly timeframe: A bearish reaction has been seen as price hit weekly supply at 0.80328-0.79780, this could very likely mean we may be heading down to true weekly demand at 0.79631-0.78623, only time will tell though! • Daily timeframe: Active sellers were certainly lurking around the daily S/R...
4hr TF. The higher-timeframe picture resembles the following: • Weekly timeframe: Price remains capped between the long-term weekly R/S flip level at 101.206, and the weekly supply area above at 105.432-104.065. • Daily timeframe: The three spikes seen above the daily resistance level at 102.713 possibly consumed the majority of the sellers around this area,...
4hr TF. The higher-timeframe picture resembles the following: • Weekly timeframe: Price is still seen in a consolidation with the upper limits at 0.94600 and the lower around the 0.92046 area. Last week saw sellers becoming quite aggressive if we compare to the last three weekly candles. Could we see a drop down the lower limits of this consolidation area this...
4hr TF. The higher-timeframe picture resembles the following: • Weekly timeframe: Price is currently trading within weekly demand at 1.32940-1.34847, and at the time of writing, the sellers seem to be overcoming any buying pressure in the market, could we see a break below this weekly demand area sometime soon? • Daily timeframe: Selling action has been seen out...
4hr TF. The higher-timeframe picture resembles the following: • Weekly timeframe: Price still remains capped between weekly supply at 1391.97-1328.04 and a nice-looking weekly decision-point level below at 1244.08. The sellers appear in control at the moment, which should be the case really, as price has just recently traded out of the aforementioned weekly...
4hr TF. The higher-timeframe picture resembles the following: • Weekly timeframe: Price is currently seen trading around the weekly decision-point level at 0.90927, could we possibly see lower prices from here? • Daily timeframe: Buyers and sellers are seen trading between daily supply at 0.91556-0.90985 and a daily S/D flip area below at 0.90372-0.90042 with...
4hr TF. The higher-timeframe picture resembles the following: • Weekly timeframe: The buyers look as though nothing will stop them as they are pushing price higher into weekly supply at 1.09592-1.08133. If we see a break of the weekly supply area, things will start to get very interesting as we believe the profit potential to the upside is huge. • Daily...
4hr TF. The higher-timeframe picture resembles the following: • Weekly timeframe: A bearish reaction has been seen as price hit weekly supply at 0.80328-0.79780, this could very likely mean we may be heading down to true weekly demand at 0.79631-0.78623, only time will tell though! • Daily timeframe: Active sellers were certainly lurking around the daily S/R...
4hr TF. The higher-timeframe picture resembles the following: • Weekly timeframe: Price remains capped between the long-term weekly R/S flip level at 101.206, and the weekly supply area above at 105.432-104.065. • Daily timeframe: The three spikes seen above the daily resistance level at 102.713 possibly consumed the majority of the sellers around this area,...
4hr TF. The higher-timeframe picture resembles the following: • Weekly timeframe: Price is still seen in a consolidation with the upper limits at 0.94600 and the lower around the 0.92046 area. Last week saw sellers becoming quite aggressive if we compare to the last three weekly candles. Could we see a drop down the lower limits of this consolidation area this...
4hr TF. The higher-timeframe picture resembles the following: • Weekly timeframe: A decline in value has been seen over the past few weeks within weekly supply at 1.76297-1.67702, which has seen price trade into weekly demand at 1.66917-1.67939. Buying interest is currently being seen out of this weekly demand area, if a push much higher from here happens, this...
4hr TF. The higher-timeframe picture resembles the following: • Weekly timeframe: Price is currently trading within weekly demand at 1.32940-1.34847, and at the time of writing, a little interest is being seen by the sellers, however the buyers have been seen showing the lion’s share, if price is intent in trading higher, the first trouble area for the buyers...
4hr TF. The higher-timeframe picture resembles the following: • Weekly timeframe: A decline in value has been seen over the past few weeks within weekly supply at 1.76297-1.67702, which has seen price trade into weekly demand at 1.66917-1.67939. If a push much higher is seen from here, this could indicate potential weakness within the weekly supply area....
Weekly TF. Last week saw the buyers pushing price north relatively hard in comparison to the last few weekly candles; nonetheless, selling pressure was seen as sellers pushed price down from the 103.082 area to where price closed the week at 102.554. Price still remains capped between a long-term weekly R/S flip level at 101.206, and weekly supply above at...
Weekly TF. Price is still seen in a consolidation with the upper limits at 0.94600 and the lower around the 0.92046 area. Last week saw sellers becoming quite aggressive if we compare to the last three weekly candles. Could we see a drop down the lower limits of this consolidation area this week? Let’s take a look at the lower timeframes for a closer...
Weekly TF. A beautiful full-bodied bearish candle was seen last week within weekly supply at 1.76297-1.67702 which traded right into weekly demand at 1.69917-1.67939. If serious buying is seen here, and a push much higher is seen, this could indicate potential weakness within the weekly supply area. However, a break below the weekly demand area will likely...
Weekly TF Over the last week, a beautiful-looking pin bar has formed within weekly demand at 1.32940-1.34847, as the market closed near its weekly highs at 1.34268. Does this mean buying will be seen this week? Not necessarily, some pin-bar enthusiasts would disagree (and they could well be right on this occasion), we however would rather look at the...