Weekly Timeframe: Last week shows price rebounded strongly from the ignored weekly Quasimodo level coming in at 17135. In the event that further buying is seen this week, we feel there’s a very good chance that price will attack the overall high seen at 18098.
Daily Timeframe: Yesterday saw the market decline in value. There was clearly strong selling opposition...
Weekly Timeframe: With regards to the weekly timeframe, as long as price continues to trade above the weekly swap level at 115.50, our overall bias on the USD/JPY pair will remain long. To the upside, we do not see any ‘heavy’ resistance coming into the market until the price reaches 122.18.
Daily Timeframe: The daily timeframe on the other hand shows price is...
Weekly Timeframe: Last week saw Gold decrease in value as price closed below a relatively important weekly swap level seen at 1251.5. This move was likely fuelled by positive U.S employment data released on Friday. Consequent to price breaking lower here, one should refrain from getting too excited since potential weekly support is seen coming in just below at...
Weekly Timeframe: Last week saw strong buying from the weekly Quasimodo support level at 1.5007 (located within weekly demand at 1.4812-1.5097). This consequently forced the market to attack a weekly swap level coming in at 1.5270. Selling opposition was clearly too strong on this occasion as the market closed just below this level at 1.5233. It will be...
Weekly Timeframe: Last week began relatively strong as the Euro forced the Dollar into a weekly supply area coming in at 1.1678-1.1458. Despite this, weakness began to be seen once the NFP reported that employment numbers were stronger than expected, and thus caused the Euro to sell off forming a strong selling wick into the close (1.1312).
Daily Timeframe: Last...
Weekly Timeframe: Recent developments on the weekly timeframe show that price is heading back down towards the weekly swap level seen at 1251.5 following a clear break above weekly supply at 1296.3-1269.3.
Daily Timeframe: The daily timeframe shows that the buyers and sellers are currently pulling for position in between a daily decision-point supply area seen...
Weekly Timeframe: The weekly timeframe shows price remains hovering above a major weekly swap level (115.50) at the moment, as long as price continues to trade above here, our bias will remain bullish.
Daily Timeframe: Little price movement on the daily timeframe has resulted in the market forming what looks to be a bullish continuation flag. Overall though, the...
Weekly Timeframe: The weekly timeframe shows price is currently hovering above a major weekly swap level (115.50) at the moment. As long as price continues to trade above here, our sentiment for this pair will remain bullish.
Daily Timeframe: Little price movement on the daily timeframe has resulted in the market forming what looks to be a bullish continuation...
Weekly Timeframe: The rebound seen from the weekly Quasimodo support level at 1.1109 has recently extended higher into a weekly supply area coming in at 1.1678-1.1458.
Daily Timeframe: Yesterday’s trading action caused the Euro to break above the daily swap level at 1.1378, and rally towards a compact daily decision-point supply area seen at 1.1678-1.1540...
Weekly Timeframe: The weekly timeframe shows that the EUR/USD is currently trading above last week’s close (1.1276). Assuming that the buyers continue to hold price above this level, there is a good chance that the market will hit a weekly supply area looming just above at 1.1678-1.1458.
Daily Timeframe: The daily timeframe on the other hand shows that for...
Weekly Timeframe: Recent events on the weekly timeframe show that price formed a nice-looking bullish pin-bar candle off of a weekly swap level seen at 1251.5. This came shortly after price broke above a weekly supply area coming in at 1296.3-1269.3. Could this mean a rally higher may be in store this week?
Daily Timeframe: The daily timeframe shows that the...
Weekly Timeframe: The weekly timeframe reveals that for the past two weeks corrective buying has been seen from a weekly swap area coming in at 0.8525-0.8274, which incidentally saw price recover nearly 50% of its value lost during the ‘black Thursday’ shock (Jan 15th). However, with price closing the week at 0.9197 just below a major weekly swap level at 0.9204,...
Weekly Timeframe: The trading picture on the weekly timeframe remains relatively unchanged. Buying interest is still being seen off of the weekly Quasimodo support level at 1.1109, while to the upside, potential resistance sits around a nice-looking weekly supply area seen at 1.1678-1.1458.
Daily Timeframe: The daily timeframe on the other hand shows that the...
Weekly Timeframe: The weekly timeframe currently shows that the market is heading southbound. In the event that the sellers continue with this tempo, we see very little stopping prices from hitting a weekly swap level coming in at 1240.2.
Daily Timeframe: The recent selling has consequently engulfed a daily decision-point demand area at 1271.9-1281.3, which...
Weekly Timeframe: The weekly timeframe shows that for seven consecutive weeks price has been teasing the ignored weekly Quasimodo level at 17135. Provided that the buyers can continue to hold the market above this barrier, our overall bias will remain long.
Daily Timeframe: Yesterday saw the DOW beautifully rebound from a daily demand area coming in at...
USD/CAD:
Weekly Timeframe: The weekly timeframe shows that the buyers conquered yet another key weekly swap level last week seen at 1.2260. This move has potentially opened the gates for prices to challenge a major weekly Quasimodo resistance level seen at 1.2765.
Daily Timeframe: Recent movements on the Loonie show that price broke above the daily supply area...
Weekly Timeframe: Current trading action on the weekly timeframe shows buying interest coming from a weekly Quasimodo support level at 1.1109. To the upside, we see potential resistance sitting around a nice-looking weekly supply area at 1.1678-1.1458.
Daily Timeframe: The rebound seen from the fresh daily demand area at 1.1045-1.1127 (surrounds the...
Weekly Timeframe: Last week’s trading action shows that price pushed above a weekly supply area at 1296.3-1269.3. This in turn leaves the weekly supply area seen at 1391.9-1328.0 clearly in the limelight for the time being.
Daily Timeframe: Yesterday’s sessions saw price react beautifully from a daily decision-point demand area coming in at 1271.9-1281.3. As...
