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...
Weekly Timeframe: Sellers seem to have entered the market last week around a notable weekly supply area at 0.94546-0.93081, this selling has formed a bearish pin-bar candle, could we safely assume lower prices will be seen this week then?
Daily timeframe: Anyone considering selling based on the bearish pin-bar candle seen within weekly supply (levels above) may...
Weekly Timeframe: Very similar to the Euro, the British pound had a bullish week. Price failed to hit the weekly demand area at 1.58533-1.60157 by about 35 pips or so before taking off like a rocket. The market closed the week at 1.62636; just a few pips above a major weekly resistance flip level at 1.62591. If this level gives way, the next key area of weekly...
Weekly Timeframe: At the time of writing, price is trading around a weekly decision-point (support) level at 1244.08. In our humble opinion, it may be time to be locking in profits on any shorts open, and thinking about looking for buying opportunities.
Daily Timeframe: Price has broken below both the daily decision-point level at 1252.02, and the daily demand...
Weekly Timeframe: A break below the weekly consolidation area (0.94600/0.92046) is taking place at the time of writing, could this be just a fakeout to stop out the sellers, or is it really a continuation move in the making?
Daily Timeframe: The daily timeframe clearly indicates the sellers mean business! The daily resistance flip level at 0.91323 has seen a...
Weekly Timeframe: Serious buying interest has come into the market around the 1.60506 level, a little above our pre-determined area of weekly demand at 1.58533-1.60157. Unfortunately for the buyers, price is currently trading around a monster weekly resistance flip level at 1.62591, where at the time of writing, the sellers are showing very little interest in...
Weekly Timeframe: At the time of writing, price is trading directly above a weekly decision-point (support) level at 1244.08. In our humble opinion, it may be time to be locking in profits on any shorts open, and thinking about looking for buying opportunities.
Daily Timeframe: On the daily timeframe price is seen entering a daily demand area at 1238.41-1254.85....
Weekly Timeframe: Follow-through buying is currently being seen on the USD/JPY after price broke above the weekly supply area at 105.432-104.065. From here, we see very little on this timeframe stopping price from hitting the heavy-weight weekly supply area at 110.652-108.123.
Daily Timeframe: Price is currently seen trading around the upper limit of the daily...
Weekly Timeframe: The weekend gap has forced prices to trade below the weekly flip support level at 1.62591, if follow-through selling is seen, the near-term weekly demand area at 1.58533-1.60157 will likely be hit soon.
Daily Timeframe: The gap below daily demand at 1.62510-1.63401 seen at the beginning of the week likely signals a continuation move down to...
4hr Timeframe: The important 4hr decision-point level at 1.29580 has been consumed by a fraction of a pip, marked with a blue arrow at 1.29617. This could likely be a signal pro money are taking prices higher, well, at least to the next area of interest, which seems to be the huge psychological number 1.3. Do bear in mind this is only our opinion, we know of some...
Weekly TF: Price is now currently trading around a strong-looking weekly supply area at 0.94546-0.93081. If sellers enter the market here, we can likely expect active buyers to be situated around the weekly R/S flip level support at 0.90927.
Daily TF: A beautiful to-the-pip reaction has been seen around daily supply at 0.94546-0.93702. If this selling continues,...
4hr TF: Our pending sell order set just below 4hr supply (1.10388-1.10163) at 1.10127 has been successfully filled, and at the time of writing nicely sitting in the green. Our first take-profit target is set just above the 4hr S/R flip (support) level (1.09311) at 1.09428. Whilst this is a little way off, we strongly believe price will drop down to around that...
Weekly TF: At the time of writing, price is trading just above a weekly decision-point (support) level at 1244.08. In our humble opinion, it may be time to be locking in profits on any shorts open, and thinking about looking for buying opportunities.
Daily TF: On the daily timeframe price is seen entering a daily demand area at 1238.41-1254.85. This area of...
Weekly TF: Follow-through buying is currently being seen on the USD/JPY after price broke above the weekly supply area at 105.432-104.065. From here, we see very little on this timeframe stopping price from hitting the heavy-weight weekly supply area at 110.652-108.123.
Daily TF: The buying seen on this pair is pushing prices deeper within a daily supply area at...
