Weekly TF.
Some serious buying pressure was seen last week, as price is now seen trading deeper within weekly supply at 0.80328-0.79780. One can only imagine the amount of buying pressure sitting around the weekly demand area below at 0.79631-0.78623, since price has not even touched this area yet, and higher prices are being seen! If a close above the...
Weekly TF.
Last week was clearly a bearish one since price action seems to have seen a sell off back down to the long-term weekly R/S flip level at 101.206. If a break below this level happens, it is expected that a drop to the downside could be seen towards weekly demand at 96.554-98.585, but for the time being, price remains capped between the aforementioned...
Weekly TF.
Price is still seen in a consolidation with the upper limits at 0.94600 and the lower around the 0.92046 area. Last week saw more selling with prices nearly touching the lower limits, could we see a close below this week? Things would get interesting then, as this could likely force a push down to around the 0.89134 weekly support level.
Daily TF.
A...
Weekly TF.
It is not looking good currently for the buyers, as serious selling pressure is being seen from weekly supply at 1.76297-1.67702. The weekly demand area at 1.66917-1.67939 is appearing quite fragile at the moment, as the selling onslaught is showing very little signs of weakening just yet. A break below here could force prices to test the weekly demand...
Weekly TF.
Price appears to have formed yet another bullish pin-bar pattern within weekly demand at 1.32940-1.34847 last week, only this time bigger, and more prominent that the previous week’s pin bar. This is quite surprising to see as most of last week saw selling into the aforementioned weekly demand area; we were even expecting a break below. As per this...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly timeframe: Price is still seen in a consolidation with the upper limits at 0.94600 and the lower around the 0.92046 area. Last week saw the sellers becoming quite aggressive if we compare to the last three weekly candles. More selling is currently being seen, a touch of the lower limit area...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly timeframe: Price is currently trading within weekly demand at 1.32940-1.34847, and at the time of writing, the sellers seem to be overcoming any buying pressure in the market, could we see a break below this weekly demand area sometime soon?
• Daily timeframe: The daily level of interest seen...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly timeframe: Price still remains capped between weekly supply at 1391.97-1328.04 and a nice-looking weekly decision-point level below at 1244.08. A little buying pressure is now being seen from around the weekly low 1280.06.
• Daily timeframe: Price once again could not make it down to the...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly timeframe: Price is currently seen trading around the weekly decision-point level at 0.90927, could we possibly see lower prices from here?
• Daily timeframe: Buyers and sellers are seen trading between daily supply at 0.91556-0.90985 and a daily S/D flip area below at 0.90372-0.90042 with...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly timeframe: A push above the monster weekly supply area has been at 1.09592-1.08133, which has now possibly cleared the path up to a nice-looking small weekly supply area at 1.10522-1.09996.
• Daily timeframe: A push above daily supply at 1.09592-1.09156 has been seen, potentially clearing the...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly timeframe: A bearish reaction has been seen as price hit weekly supply at 0.80328-0.79780, this could very likely mean we may be heading down to true weekly demand at 0.79631-0.78623, only time will tell though!
• Daily timeframe: Active sellers were certainly lurking around the daily S/R...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly timeframe: Price remains capped between the long-term weekly R/S flip level at 101.206, and the weekly supply area above at 105.432-104.065.
• Daily timeframe: The three spikes seen above the daily resistance level at 102.713 possibly consumed the majority of the sellers around this area,...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly timeframe: Price is still seen in a consolidation with the upper limits at 0.94600 and the lower around the 0.92046 area. Last week saw sellers becoming quite aggressive if we compare to the last three weekly candles. Could we see a drop down the lower limits of this consolidation area this...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly timeframe: Price is currently trading within weekly demand at 1.32940-1.34847, and at the time of writing, the sellers seem to be overcoming any buying pressure in the market, could we see a break below this weekly demand area sometime soon?
• Daily timeframe: Selling action has been seen out...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly timeframe: Price still remains capped between weekly supply at 1391.97-1328.04 and a nice-looking weekly decision-point level below at 1244.08. The sellers appear in control at the moment, which should be the case really, as price has just recently traded out of the aforementioned weekly...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly timeframe: Price is currently seen trading around the weekly decision-point level at 0.90927, could we possibly see lower prices from here?
• Daily timeframe: Buyers and sellers are seen trading between daily supply at 0.91556-0.90985 and a daily S/D flip area below at 0.90372-0.90042 with...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly timeframe: The buyers look as though nothing will stop them as they are pushing price higher into weekly supply at 1.09592-1.08133. If we see a break of the weekly supply area, things will start to get very interesting as we believe the profit potential to the upside is huge.
• Daily...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly timeframe: A bearish reaction has been seen as price hit weekly supply at 0.80328-0.79780, this could very likely mean we may be heading down to true weekly demand at 0.79631-0.78623, only time will tell though!
• Daily timeframe: Active sellers were certainly lurking around the daily S/R...
