Weekly Timeframe: Active selling has been seen coming into the market on the weekly timeframe, which could mean the spike seen below the weekly demand area at 0.86591-0.88247 may well have been a continuation move, rather than a fakeout for higher prices. Let’s see what the lower timeframes have to say.
Daily Timeframe: The daily timeframe shows exactly why a...
Weekly Timeframe: This week has been primarily bullish so far; however we are currently seeing active sellers come into the market around the 1.27541 level at the moment. This is not surprising really considering this is a prominent ignored weekly support level.
Daily Timeframe: The selling seen on the weekly timeframe has brought price down to a daily resistance...
Weekly Timeframe: The weekly timeframe shows that the current selling seen out of the weekly supply area at 0.98378-0.95895 has nearly hit the weekly resistance flip level at 0.94546. A close below this level would likely indicate selling strength from the aforementioned weekly supply area, and also likely attract further selling down to another weekly resistance...
Weekly Timeframe: The weekly timeframe shows active buying interest is currently being seen out of a weekly demand area at 1156.70-1194.45. Could this be the right time to be looking for buying opportunities?
Daily Timeframe: Price has now broken into a zone where we believe most of the selling opposition has already been consumed (prominent consumption wicks...
Weekly Timeframe: Not a lot of movement has been seen on the weekly timeframe since the previous analysis, and as such, price remains trading around the Weekly demand swap area coming in at 1.26591-1.28010.
Daily Timeframe: A positive close above the 1.26837 level has recently been seen on the daily timeframe. This move has in our opinion confirmed buying...
Weekly Timeframe: The weekly timeframe shows active buying interest is currently being seen around a weekly demand area at 1156.70-1194.45, is it time to be looking for buying opportunities?
Daily Timeframe: The daily timeframe is currently showing some very nice price action. The sellers around the 1206.49 level have in our opinion been well and truly consumed....
Weekly Timeframe: There is clear buying interest being shown within the weekly demand area at 1.58533-1.60157. Could we be seeing the start of higher prices here?
Daily Timeframe: After looking at the daily chart for some time now, we have come to the conclusion that a deep fakeout of the huge psychological number 1.6 may have happened, hence the current higher...
Weekly Timeframe: Not a lot of movement has been seen on the weekly timeframe, and as a result price remains trading around the Weekly demand swap level coming in at 1.26591-1.28010.
Daily Timeframe: The daily timeframe shows that the buyers and sellers are currently battling it out around the 1.26837 level. A break above this level would not only confirm buying...
Weekly Timeframe: The weekly timeframe shows active buying interest is currently being seen around the weekly demand area at 1156.70-1194.45, is it time to be looking for buying opportunities?
Daily Timeframe: Price has played out exactly as expected on the daily timeframe. A small fakeout was seen just below the daily Quasimodo support level coming in at 1186.83...
Weekly Timeframe: A full-bodied bullish candle formed last week resulting in price trading relatively deep within a weekly supply area seen at 0.98378-0.95895. As per this timeframe, we are naturally expecting lower prices to be seen this week.
Daily Timeframe: At the time of writing, the daily timeframe is showing selling interest coming into the market within a...
Weekly Timeframe: A positive close above a weekly Quasimodo resistance level coming in at 1.12231 was seen last week, and at the time of writing, price is currently retesting this level as potential support. Assuming this level holds, a possible rally could ensue all the way up to a weekly supply area seen at 1.17225-1.15417.
Daily Timeframe: For the weekly...
Weekly Timeframe: The weekly timeframe shows price is currently trading within a monster weekly demand area at 0.76931-0.78623. Does this mean we should be preparing ourselves for a rally in price?
Daily Timeframe: Last week showed there was clear buying interest around the daily demand area at 0.77507-0.77772. Be that as it may, the only way in our opinion to...
Weekly Timeframe: The weekly timeframe shows price has now entered a long-term weekly demand area seen at 1156.70-1194.45. According to the weekly candle the sellers had taken overall control last week as price closed the week at new lows (1190.85). Our first thought, from looking only at the weekly timeframe is to go long, however let’s see what the lower...
Weekly Timeframe: Things may be looking up for the buyers on this pair! A nice-looking buying tail is currently forming within weekly demand at 0.86591-0.88247. It will be interesting to see what the lower timeframes have to say about this.
Daily Timeframe: Very beautiful indeed! The daily timeframe shows price has successfully closed above the 0.87556 level,...
Weekly Timeframe: Things may be looking up for the buyers on this pair! A nice-looking buying tail is currently forming within weekly demand at 0.86591-0.88247. It will be interesting to see what the lower timeframes have to say about this.
Daily Timeframe: Very beautiful indeed! The daily timeframe shows price has successfully closed above the 0.87556 level,...
Weekly Timeframe: Two weeks ago, a to-the-pip reaction was seen off of a weekly decision-point (supply) area at 1.66429-1.65340. Assuming further selling is seen, it is very likely price could hit the weekly demand area at 1.58533-1.60157 sometime soon.
Daily Timeframe: The daily time frame shows that price has very nearly hit a daily demand area seen at...
Weekly Timeframe: The weekly timeframe shows selling interest is beginning to come into the market within weekly supply at 110.652-108.123. Assuming follow-through selling is seen, we can likely expect price to test the 105.432 level (Resistance swap level) sometime in the near the future, since the path south appears to be clear of any obstacles (demand) on this...
Weekly Timeframe: A break below a major weekly (demand) ‘buy zone’ area at 1.26591-1.28010 has recently been seen. Will this encourage further selling down towards the combined weekly demand/Quasimodo support area at 1.22403-1.24420/1.22866?
Daily Timeframe: The daily timeframe shows two ‘buying tails’ have formed just above the 1.25618 level. However, at this...
