Weekly Timeframe: The DOW recently saw a further decline in value and is at the time of writing coming very close to hitting an ignored weekly Quasimodo level seen at 17135. Let’s see what the lower timeframes offer.
Daily Timeframe: Looking on the daily chart shows us that price closed at 17362 yesterday, which is effectively a daily swap level. In our opinion,...
Weekly Timeframe: The weekly timeframe shows that relatively aggressive selling has seen the DAX decline in value down towards a weekly decision-point demand area visible at 9126-9467, where little to no buying interest is being seen at the moment.
Daily Timeframe: Yesterday saw the sellers seemingly lose steam around the 9467 mark, which is not surprising really...
Weekly Timeframe: The weekly timeframe shows that a major weekly supply area at 1.1806-1.1473 has recently been breached. As a result, the path north towards a major weekly swap level lurking just above at 1.1893 is likely clear.
Daily Timeframe: Yesterday saw the USD/CAD strongly close above 1.1800, which – like the weekly timeframe has likely cleared the path...
Weekly Timeframe: The weekly timeframe shows that the two-bar reversal pattern seems to be working out for the time being as sellers are seen pushing the market southbound. Providing that the sellers continue with this tempo, we see very little stopping the DOW from hitting the ignored weekly Quasimodo level coming in at 17135.
Daily Timeframe: It was reported in...
Weekly Timeframe: The weekly timeframe shows that relatively aggressive selling has seen the DAX decline in value down towards a weekly decision-point demand area visible at 9126-9467.
Daily Timeframe: It was reported in the previous analysis that we believed the daily close below 9790 seen on Friday would likely suggest a more bearish bias coming into the week....
Weekly Timeframe: From a technical standpoint, the USD/JPY pair has seen very little change over the past two weeks. And as such, buyers and sellers remain trading between a weekly Quasimodo resistance level coming in at 122.18 and a major weekly swap level at 115.50.
Daily Timeframe: At the time of writing, the daily timeframe shows that price is confined...
Weekly Timeframe: The weekly timeframe shows that price has breached a major weekly demand area seen at 1.1875-1.2095. Assuming that the majority of buyers are now consumed here, this would likely force the market south towards a weekly Quasimodo support level coming in at 1.1758.
Daily Timeframe: Yesterday’s action also saw price break below a daily demand area...
Weekly Timeframe: The weekly timeframe shows that the DOW advanced to a fresh high of 18098 just before the Christmas holidays. This move consequently attracted active sellers into the market which resulted in a two-bar bearish pattern forming, which is essentially a pin bar when combined.
Daily Timeframe: For anyone who is considering selling on the basis of the...
Weekly Timeframe: The weekly timeframe shows that very little movement was seen in the Gold markets over the Christmas holidays, which has consequently kept price contained between a weekly supply area seen at 1255.2-1226.1, and a weekly decision-point demand level coming in at 1136.3.
Daily Timeframe: The daily timeframe shows that recent price action has been...
Weekly Timeframe: The EUR/USD witnessed a further decline in value last week which saw the market closing (1.1998) deep within a weekly demand area coming in at 1.1875-1.2095. Could this be enough to tempt traders to buy the Euro this week? Let’s take a look at the lower timeframes to see what we can find.
Daily Timeframe: The first trading day of the year saw...
Weekly Timeframe: Last week saw the market close below a weekly Quasimodo support area at 1.22403-1.22942. Assuming that this move took out the majority of sellers here, we could potentially see further selling down to a partially consumed weekly demand area coming in at 1.18754-1.20958 sometime this week. It will be interesting to see what the lower timeframes...
Weekly Timeframe: The weekly timeframe shows that the rebound from the major weekly swap level coming in at 115.503 is presently extending higher. Assuming that the buyers do not lose steam here, we can likely expect prices to test a weekly Quasimodo resistance level seen at 122.180.
Daily Timeframe: The daily timeframe shows that after the daily supply area at...
Weekly Timeframe: Last week shows that active buyers were seen coming into the market from a weekly decision-point demand area at 9126-9467, but seemingly begun losing steam around the 9919 mark. It will be interesting to see what we can find on the lower timeframes.
Daily Timeframe: The daily timeframe shows that traders began buying heavily from Tuesday...
Weekly Timeframe: Last week has likely been fantastic if you were selling the Euro and no doubt quite painful if you were buying. The EUR/USD pair dropped a whopping 349 pips, and saw the market close (1.22286) just below a weekly Quasimodo support area seen at 1.22403-1.22942. Assuming that this move took out the majority of sellers here, we could potentially see...
Weekly Timeframe: The USD/JPY pair finished the week defending a major weekly swap level seen at 115.503, forcing the weekly candle to close near its highs (119.614) at 119.455. Providing that the buyers do not lose their enthusiasm, this week will likely see a further push north up to test a weekly Quasimodo resistance level coming in at 122.180.
Daily...
Weekly Timeframe: Active buying is currently being seen on the DAX from a weekly decision-point demand area at 9126-9467. Assuming that the buyers do not lose their spirit here, we could potentially see price test the all-time high 10090.
Daily Timeframe: The daily timeframe shows that the index has now rallied for three consecutive days, with yesterday’s action...
