Weekly view: From a weekly timeframe perspective, the trend on Gold is still firmly south, and will remain that way in our opinion until price closes above the weekly trendline extended from the high 1488.0.With regards to last week’s action, however, we can see that despite the volatility seen from below weekly supply at 1223.1-1202.6, the end result barely saw...
Weekly view: For the past month and a half, the buyers and sellers have been seen battling for position within a weekly demand area coming in at 118.22-119.40. Our long-term bias will remain north on this pair as long as price continues to trade above the weekly swap level seen below this area at 115.50.
Daily view: The rebound seen from the daily support level...
Weekly view: Last week’s action saw the Euro rally a cool 330 pips from open (1.0859) to close (1.1192). This move consequently saw price close above the weekly swap level seen at 1.1096, and at the same time, ‘touch gloves’ with a major weekly supply zone coming in at 1.1449-1.1278. This has been the most we’ve seen the Euro rally since price began its descent...
Weekly view: For the past month or so, the buyers and sellers have been seen battling for position within a weekly demand area coming in at 118.22-119.40. Our bias will remain north on this pair as long as price continues to trade above 115.50.
Daily view: From the daily scale, we can see that price is resting on top of a daily trendline extended from the low...
Weekly view: The weekly timeframe still shows that the Euro is trending south, and has been for nearly a year now. A convincing push above weekly supply at 1.1449-1.1278 would be needed to invalidate our current bearish bias. In the event that the Euro continues to be bought, we might, just might, see prices challenge the weekly swap level at 1.1096.
Daily view:...
Weekly view: Overall, the weekly trend on Gold is still firmly pointing south in our opinion. Current trading action shows price is nibbling at the underside of weekly supply seen at 1223.1-1202.6. A break above this area could suggest further upside towards the weekly descending trendline extended from the high 1488.0.
Daily view: Yesterday’s candle saw Gold...
Weekly view: The weekly timeframe still shows that the Euro is trending south, and has been for nearly a year now. Despite this, the weekly demand area seen at 1.0333-1.0502 has been able to support this market since mid-March. The outlook for this pair is still south in our opinion and will only change once/if a convincing push above weekly supply at...
Weekly view: From a weekly timeframe perspective, very little has changed over the past three months. The overall trend clearly still remains southbound, and the buyers and sellers continue to battle for position around a weekly demand area seen at 0.7449-0.7678.
Daily view: The daily timeframe shows that the daily swap level 0.7691 managed to provide support to...
Weekly view: For the past month or so, the buyers and sellers have been seen battling for position within a weekly demand area coming in at 118.22-119.40. Last week’s candle clearly showed that the bears overwhelmed the bulls within this zone, but as you can see, this was still not enough to close prices below the prior week’s low 118.56. Therefore, despite the...
Weekly view: Overall, the weekly timeframe still shows that the Euro is trending south, and has been for nearly a year now. Despite this, the weekly demand area seen at 1.0333-1.0502 has been able to support this market since mid-March. Last week’s trading did see a slight advance, but not really anything to get excited about since it has not really changed the...
Weekly view: From the weekly scale, we can clearly see selling interest forming around weekly supply at 1223.1-1202.6. Assuming that this selling interest continues, we might, just might, see prices challenge the weekly demand area below coming in at 1130.1-1168.6.
Daily view: The daily timeframe on the other hand, shows that price rebounded from a daily demand...
Weekly view: From the weekly scale, we can clearly see selling interest forming around weekly supply at 1223.1-1202.6. Assuming that this selling interest continues, we might, just might, see prices challenge the weekly demand area below coming in at 1130.1-1168.6.
Daily view: The daily timeframe on the other hand, shows that price rebounded from a daily demand...
Weekly view: The selling pressure which has been forcing the Euro south for nearly a year seems to be diminishing. Weekly demand at 1.0333-1.0502 has been able to hold this market higher since mid-March. As bullish as this sounds, our team will not be convinced the overall trend has changed until we see price convincingly push above weekly supply at...
Monthly view: The monthly chart shows we’ve been trending south since hitting the monthly swap level at 1.7134. Current price action shows that the bulls are beginning make a stand from just above a monthly demand area coming in at 1.4225-1.4541. Quite frankly though, until we see a break above the monthly supply area at 1.5551-1.5096, our long-term bearish bias...
Monthly view: The trend direction on the monthly timeframe is clear. However, the past few months has seen momentum severely diminish as selling interest appears to be entering the market around monthly supply at 124.13-120.76.
Weekly view: For the past month or so, the buyers and sellers have been seen pulling for position within a weekly demand area coming in...
Monthly chart: From here, it looks as though the Euro has been in a slow-motion nose dive since 01/05/2014.Current action shows price has pierced a long-term monthly swap level at 1.0640, which as you can see, also boasts long-term trendline convergence (green line) from the low 0.8230 (02/10/2000).
Weekly chart: The weekly scale shows supportive pressure coming...
Monthly chart: From here, it looks as though the Euro has been in a slow-motion nose dive since 01/05/2014.Current action shows price has pierced a long-term monthly swap level at 1.0640, which as you can see, also boasts long-term trendline convergence (green line) from the low 0.8230 (02/10/2000).
Weekly chart: The weekly scale shows supportive pressure coming...
