Weekly Timeframe: At the time of writing, the weekly timeframe shows price is trading deep within weekly supply at 0.94546-0.93081. Should this pair see a sell off, we can likely expect active buyers to come into the market around a notable weekly resistance flip level at 0.90927.
Daily Timeframe: The recent push deeper into daily supply at 0.94546-0.93702 only...
Weekly Timeframe: It seems after price consumed the weekly supply area at 1.10522-1.09996, the pair sold off sharply, down to just above a weekly decision-point level at 1.08774, can we be expecting higher prices up to the weekly Quasimodo resistance level at 1.11252 from here?
Daily Timeframe: The daily timeframe has been showing very bullish price action over...
Weekly Timeframe: The EUR/GBP pair is now trading around serious weekly demand at 0.76931-0.78623 thanks to a 200 pip decline in value seen last week; this was likely fueled by the recent events surrounding Scotland. Overall, our bias for this pair is very much long, with the expectation of prices eventually trading back up to at least the weekly supply area at...
Weekly Timeframe: There is clearly not much interest in selling the pound at the moment, since price has literally ignored the weekly resistance flip level at 1.62591, and now appears to be trading towards a weekly decision-point area at 1.66429-1.65340.
Daily timeframe: The daily timeframe shows price is currently trading around a daily demand flip area at...
Weekly Timeframe: The weekly timeframe shows there is clearly buying interest seen around the weekly ‘buy zone’ area at 1.26591-1.28010. The fact that price has yet to hit this area, and higher prices are being seen likely indicates strong demand (buying pressure).
Daily Timeframe: As already mentioned above, there is clearly interest in buying the Euro at the...
Weekly Timeframe: A to-the-pip touch has been seen off of a weekly supply area at 0.81571-0.80635. Could this be enough to push prices down into the weekly demand area seen at 0.76931-0.78623? It certainly appears that way at the moment.
Daily Timeframe: The daily timeframe shows the Euro has seen a serious decrease in value against the British pound as prices...
Weekly Timeframe: At the time of writing, the weekly timeframe shows price is holding nicely within weekly supply at 0.94546-0.93081. Should this pair see a sell off, we can likely expect active buyers to come into the market around the weekly resistance flip level at 0.90927.
Daily timeframe: Consolidating price action is currently being seen on the daily...
Weekly Timeframe: With the consumption of the weekly supply area recently seen at 1.10522-1.09996, we expected prices to at least touch base with the weekly Quasimodo resistance level at 1.11252 before selling was seen. It appears pro money may have already accumulated all the liquidity they needed to sell. The next area of interest for the sellers on this...
Weekly Timeframe: Following a positive close below the weekly decision-point level at 1244.08, price appears relatively free to trade lower down to around a ‘weekly buy zone’ seen at 1156.70-1194.45. At the time of writing, price came within a few points of nearly retesting the 1244.08 level as resistance, could this be all the sellers need to push prices down to...
Weekly Timeframe: A full-bodied bearish candle has been seen closing below a long-term weekly consolidation area at 0.94600-0.92046. In our humble opinion, it appears there is very little obvious weekly demand until price reaches the weekly Quasimodo support level at 0.88189, which is beautifully located just above a weekly demand area at 0.86591-0.88247. Be that...
4hr Timeframe: A beautiful-looking wick formed from reacting off of the huge number 1.3. The first take-profit target (1.29839) has now been hit from our long position taken last week at 1.28936. Its decision time once again on the Euro, if follow-through selling is seen off of the round number 1.3, and the low 1.29074 marked with a red circle gets consumed; it is...
Weekly Timeframe: At the time of writing, the weekly timeframe shows price is holding nicely within weekly supply at 0.94546-0.93081. Should this pair see a sell off, we can likely expect active buyers to come into the market around the weekly resistance flip level at 0.90927.
Daily timeframe: Consolidating price action is currently being seen on the daily...
Weekly Timeframe: An important weekly supply area at 1.10522-1.09996 was recently consumed, no doubt taking out any traders attempting to fade this area in the process. Price is now very close to a weekly Quasimodo resistance level at 1.11252, which should in all likelihood see a nice bearish reaction when/if prices reach this far.
Daily Timeframe: The close...
Weekly Timeframe: Following a positive close below the weekly decision-point level at 1244.08, price appears relatively free to trade lower down to around a ‘weekly buy zone’ seen at 1156.70-1194.45. Be that as it may, a retest (now resistance) could very well be seen of the weekly decision-point level sometime soon.
Daily Timeframe: Monday’s trading action saw...
Weekly Timeframe: A full-bodied bearish candle has been seen closing below a long-term weekly consolidation area at 0.94600-0.92046. In our humble opinion, it appears there is very little obvious weekly demand until price reaches the weekly Quasimodo support level at 0.88189, which is beautifully located just above a weekly demand area at 0.86591-0.88247. Be that...
Weekly Timeframe: An average bullish pin-bar candle was formed last week on this timeframe; does this mean we could be seeing higher prices this week? It is very difficult to tell on this timeframe, since the tail appears to be floating in midair. Nonetheless, we cannot ignore the fact that this candle formed 58 pips or so from a valid ’weekly buy’ zone at...
Weekly Timeframe: At the time of writing, the weekly pin-bar candle formed last week within weekly supply at 0.94546-0.93081 appears to be failing, as buying pressure is seen coming into the market at the moment.
Daily timeframe: Anyone that sold based off of the weekly pin bar within weekly supply (0.94546-0.93081) may be in a little trouble. As explained in the...
Weekly Timeframe: A full-bodied bearish candle formed last week resulting in price closing below a weekly decision-point level at 1244.08. As per this timeframe, price appears relatively free to trade lower down to at least a valid ‘weekly buy zone’ seen at 1156.70-1194.45.
Daily Timeframe: The gold market significantly decreased in value last week, resulting in...
