Weekly Timeframe: The weekly timeframe shows that active buying has been seen from the weekly demand area at 1166.8-1195.0, which as a result forced the market up to just below a weekly swap level coming in at 1222.2.
Daily Timeframe: Yesterday’s trading action saw further buying from the daily swap level at 1200.0 (located just above the aforementioned weekly...
Weekly Timeframe: Selling interest has recently come into the market below weekly supply at 1.1678-1.1458. Assuming that the sellers can continue with this tempo, we see very little reason why price cannot retest the weekly Quasimodo support level at 1.1109.
Daily Timeframe: The daily timeframe shows that price has closed below a small daily demand area coming in...
Weekly Timeframe: The weekly timeframe shows that price has recently closed just above the upper limits of a symmetrical triangle formation (121.83/117.43). Assuming that the buyers can hold out above this barrier, further upside could be seen up to a weekly Quasimodo resistance level coming in at 122.18.
Daily Timeframe: The daily timeframe reveals that price is...
Weekly Timeframe: The weekly timeframe shows that price is currently trading just below a major weekly supply area coming in at 1.5784-1.5567.
Daily Timeframe: Following Tuesday’s retest of the daily swap level support at 1.5426, price saw follow-through buying yesterday, which, as you can see, just missed the daily supply area visible at 1.5619-1.5548 (located...
Weekly Timeframe: The weekly timeframe shows that ever since price rebounded from the weekly Quasimodo support level at 1.1109 (26/01/15), the market has been seen hesitating below a weekly supply area coming in at 1.1678-1.1458. A break above here could very well clear the path north up to a major weekly swap level seen at 1.1758.
Daily Timeframe: Since the...
Weekly Timeframe: The weekly timeframe shows that Gold has recently hit a weekly demand area coming in at 1166.8-1195.0. Assuming that there are active buyers here, price could very well rally back up to test 1222.2.
Daily Timeframe: From the daily timeframe, we can see that there was some buying interest seen yesterday around the daily swap level at 1200.0. In...
Weekly Timeframe: The weekly timeframe shows that price has recently closed just above the upper limits of a symmetrical triangle formation (121.83/117.43). Assuming that the buyers can hold out above this barrier, further upside could be seen this week up to around the weekly Quasimodo resistance level coming in at 122.18.
Daily Timeframe: The daily timeframe...
Weekly Timeframe: The weekly timeframe shows that Gold has recently hit a weekly demand area coming in at 1166.8-1195.0. Assuming that there are active buyers here, price could very well rally back up to test 1222.2.
Daily Timeframe: Yesterday’s trading action shows that a rather vicious spike/tail pierced through a small daily swap level coming in at 1200.0....
Weekly Timeframe: Overall, the AUD/USD pair still remains bullish in our opinion as last week saw price continue to trade above the weekly demand area coming in at 0.7449-0.7678. And with resistance not expected to come into the market until price reaches the 0.8064 hurdle, we feel that the Aussie has much higher to move yet. It will be interesting to see what the...
Weekly Timeframe: The weekly timeframe shows price has closed just above the upper limits of a symmetrical triangle formation (121.83/117.43). Assuming that the buyers can hold out above this barrier, further upside could be seen this week up to around the weekly Quasimodo resistance level coming in at 122.18.
Daily Timeframe: The latest from the daily timeframe...
Weekly Timeframe: Ever since we saw the market rebound from the weekly Quasimodo support level at 1.1109 (26/01/15), price has been seen hesitating below a weekly supply area coming in at 1.1678-1.1458. A break above this supply could very well clear the path north up to a major weekly swap level seen at 1.1758.
Daily Timeframe: Since the 12/02/15, the EUR/USD...
Weekly Timeframe: The weekly timeframe shows price has recently dipped below the weekly swap level at 1222.2, which as you can see clearly attracted further selling down to just above a weekly demand area coming in at 1166.8-1195.0.
Daily Timeframe: Yesterday’s action saw price spike below a daily decision-point demand area at 1204.4-1216.5 forming a beautiful...
Weekly Timeframe: Following the strong rebound from the ignored weekly Quasimodo level coming in at 17135, further extension was seen last week forcing price to close near its highs at 18010. In the event that further buying ensues, we feel there’s a very good chance that price will attack the overall high seen at 18098 very soon.
Daily Timeframe: The daily...
Weekly Timeframe: The weekly timeframe shows price still remains trading between weekly supply coming in at 1.1678-1.1458, and a weekly Quasimodo support level visible at 1.1109. Nevertheless, much of the recent trading action has been seen taking place just below the aforementioned weekly supply area.
Daily Timeframe: The situation on the daily timeframe remains...
Weekly Timeframe: The weekly timeframe shows price has dipped below the weekly swap level at 1222.2, which consequently could attract further selling down towards a weekly demand area coming in at 1166.8-1195.0.
Daily Timeframe: The sell off seen yesterday from the daily decision-point supply area at 1245.8-1233.1 forced price to spike just below a daily...
Weekly Timeframe: At the time of writing, the buyers appear to be attempting to breakout north from the symmetrical triangle extended from the high/low 121.83/117.43. In the event that the buyers are successful in their attempt, this could spark further rallying towards a major weekly Quasimodo resistance level seen above at 122.18.
Daily Timeframe: The latest...
Weekly Timeframe: Last week saw Gold print an indecision candle just above a weekly swap level located at 1222.2. If buying strength is seen from this area, watch for the weekly swap level just above at 1251.5 to potentially repel the market. A break below 1222.2 on the other hand would likely open the doors to further downside towards a weekly demand area seen...
Weekly Timeframe: Last week saw sterling strongly close above a weekly swap level seen at 1.5270. Assuming that the buyers can hold the market above this level, we then feel there’s a good chance that price will likely test the weekly supply area seen at 1.5784-1.5541.
Daily Timeframe: Yesterday saw selling interest come into the market around a daily swap level...
