Weekly Timeframe: The weekly timeframe shows that price is currently trading around the upper limits of a weekly symmetrical triangle formation (121.83/117.43). A convincing close above this limit would likely encourage follow-through buying up to a weekly Quasimodo resistance level coming in at 122.18.
Daily Timeframe: Recent developments on the daily timeframe...
Weekly Timeframe: The weekly timeframe shows that price has broken below a major weekly Quasimodo support level at 1.1109, and, as a consequence hit weekly demand coming in at 1.0760-1.0988.
Daily Timeframe: Yesterday saw the Euro take out daily demand at 1.1045-1.1127. This consequently drove the market south into a daily swap area seen below at 1.1016-1.0952...
Weekly Timeframe: From the weekly timeframe, we can see that price is currently capped between a weekly swap level coming in at 1222.2, and a weekly demand area seen at 1166.8-1195.0.
Daily Timeframe: The daily timeframe shows that buying and selling is currently taking place in between a weekly swap level mentioned above at 1222.2, and a daily ascending channel...
Weekly Timeframe: The weekly timeframe shows that further downside from the weekly swap area at 1.5426-1.5561 has recently been seen. This move consequently pushed the GBP deep into the depths of a weekly swap level seen at 1.5270.
Daily Timeframe: Yesterday’s trading action saw the market plunge into a daily demand area coming in at 1.5195-1.5252, which, if you...
Weekly Timeframe: The weekly timeframe shows that the EUR/USD has punched below a major weekly Quasimodo support level coming in at 1.1109. This move has likely opened the gates for prices to challenge the weekly demand area seen below at 1.0760-1.0988.
Daily Timeframe: Yesterday saw the Euro print a (near) full-bodied bearish candle, which as a result forced the...
Weekly Timeframe: The weekly timeframe shows that price is currently trading above the recently broken high 18098. This number should, in our opinion, provide a supportive base for the DOW should a retracement be seen.
Daily Timeframe: We can see from the daily timeframe that price is currently being supported by a small daily decision-point demand area coming in...
Weekly Timeframe: The weekly timeframe shows that the buyers and sellers are currently battling for position just above a major weekly Quasimodo support level at 1.1109.
Daily Timeframe: Similar to the weekly timeframe, the daily timeframe shows price hovering just above a daily demand area coming in at 1.1045-1.1127, which, if you look back to the weekly chart,...
Weekly Timeframe: The weekly timeframe saw relatively strong selling come into the market last week deep from within a major weekly swap area positioned at 1.5426-1.5561. In the event that further selling is seen this week, price could potentially hit a weekly swap level seen at 1.5270.
Daily Timeframe: The daily timeframe shows that on Thursday price reacted...
Weekly Timeframe: Last week saw active selling come into the market from just below weekly supply at 1.1678-1.1458. This consequently saw the Euro print a full-bodied bearish candle stretching almost 200 pips from open (1.1388) to close (1.1189). Assuming that the sellers can continue with this tempo, we see very little reason why price cannot retest the weekly...
Weekly Timeframe: For the past four weeks, price has been trading, or should we say ‘lingering’ above a weekly demand area at 0.7449-0.7678. Should a rally be seen here this week, weekly resistance (as far as we can see) is not expected to come into the market until around the 0.8064 region.
Daily Timeframe: Last week saw the buyers fake price above the 0.7844...
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....
