4hr TF.
It was reported in the last analysis that price will likely see a decline in value down towards the 4hr demand area at 1.06041-1.06312. No decline has really been seen as of yet, as price seems to be stalling around a minor S/R flip level seen at 1.06660.
We still firmly favour a retracement back to 4hr demand area below (levels above) as pro money...
4hr TF.
Technically not a lot has changed since the last analysis as price is still seen trading between the 4hr S/R flip level at 0.79679 and 4hr demand below at 0.78862-0.79048.
Temporary 4hr resistance is seen between 0.79586-0.79534, and this is all, at the time of writing stopping price from hitting the 4hr S/R flip level at 0.79679. Considering we have just...
4hr TF.
The higher picture resembles the following:
• The weekly timeframe shows price is trading around a long-term S/R flip level support at 102.206 with a positive close below yet to be seen.
• Buyers and sellers on the daily timeframe are currently trading within a range with resistance being seen above at 102.713 and daily demand seen below at...
4hr TF.
Look at price consolidating around the round number 0.94000, it is hard to imagine how many sellers and breakout buyers have been stopped out during this ranging price action!
A decision has yet to be made, however we can be pretty sure pro money are very busy at work. All of those wicks were to more than likely tempt traders on the lower timeframes to...
GBP/USD:
4hr TF.
The higher picture resembles the following:
• Buyers are still seen deep within weekly supply territory at 1.76297-1.67702, with a little interest being shown by the sellers at the moment.
• The daily timeframe still shows price is currently trading in no man’s land between daily supply above at 1.76297-1.73024 and daily S/R flip level seen...
EUR/USD:
4hr TF.
The higher picture resembles the following:
• Buyers and sellers still remain trading within weekly demand at 1.34760-1.36314.
• Trading remains capped between daily supply at 1.37297-1.36879 and daily demand below at 1.34760-1.35265.
It was reported in the last analysis that a decision needed to be made, that decision was to either break the...
Daily TF.
A reminder of what the daily timeframe looks like shows how ugly the daily supply area at 1318.12-1331.08 is! How anyone could possibly trade this mess as it is now, let’s see what new developments are on the 4hr timeframe.
4hr TF.
The market opened at 1320.53, sellers took control right away pushing price ever so closer to the weak-looking 4hr demand...
Daily TF.
A reminder of what the daily timeframe looks like shows how ugly the daily supply area at 1318.12-1331.08 is! How anyone could possibly trade this mess as it is now, let’s see what new developments are on the 4hr timeframe.
4hr TF.
The market opened at 1320.53, sellers took control right away pushing price ever so closer to the weak-looking 4hr demand...
The weekly timeframe shows buyers have aggressively pushed prices higher into weekly supply at 1.76297-1.67702, while on the daily timeframe, price is seen trading between daily supply at 1.76297-1.73024 and the S/R flip level below at 1.69712, which is where price will likely retrace to before a rally up to daily supply (levels above) is seen. The 4hr timeframe...
The weekly timeframe still shows buyers and sellers battling it out within weekly demand at 1.34760-1.36314, while on the daily timeframe price still remains capped between daily demand at 1.34760-1.35265 and daily supply above at 1.37297-1.36879. The 4hr timeframe shows sellers broke the round number 1.36000 early Friday, with price being seen retesting it late...
