Weekly TF.
A decline in value was also seen on the pound, this should come as no big surprise since the EUR/USD and GBP/USD tend to move in tandem. The weekly close came in at 1.63231, a few pips above a nice-looking weekly R/S flip level support at 1.62591. Looking at the history of this level, a bounce higher at the very least should be seen sometime this...
Weekly TF:
The EUR/USD fell the best part of last week closing near the weekly lows at 1.29498. Price broke the weekly demand area at 1.31037-1.32262 potentially clearing the way down to a prominent weekly ‘buy zone’ at 1.26591-1.28010.
Daily TF.
The daily timeframe shows price dropped like a rock on Thursday, creating a beautiful daily decision-point area...
The higher-timeframe picture resembles the following:
Weekly TF: Price is still frustratingly trading within a weekly consolidation area with the upper limits seen at 0.94600, and the lower at 0.92046, with no signs of a break happening just yet.
Daily TF: Buyers and sellers are currently trading within a medium-term range (0.92046-0.92354/0.93529). At the time...
4hr TF.
The higher-timeframe picture resembles the following:
Weekly TF: The break seen below the weekly demand area at 1.31037-1.32262 likely signals a continuation move down to the weekly demand area at 1.26591-1.28010.
Daily TF: A solid daily close has been seen below the daily demand area 1.31037-1.31755, this could very likely force price to test the daily...
4hr TF.
The higher-timeframe picture resembles the following:
Weekly TF: Price still remains trading between the weekly supply area above at 1391.97-1328.04 and a nice-looking weekly decision-point level below at 1244.04 with no attempt of a breakout yet to be seen. Price is currently edging ever so closer to the lower limits of the 1244.08 area, so long...
4hr TF.
The higher-timeframe picture resembles the following:
Weekly TF: Prices are stalling after hitting the awesome-looking weekly supply area at 1.10522-1.09996. Considering just the weekly timeframe for the moment, we still believe lower prices could be seen, since there’s very little stopping the sellers from challenging the weekly demand area below at...
4hr TF.
The higher-timeframe picture resembles the following:
Weekly TF: There is clear buying pressure being seen on this pair, and as a result, price is now trading around the weekly decision-point area once more at 0.80328-0.79780. If selling interest comes into the market here, the first trouble area we see is around the weekly demand area below at...
4hr TF.
The higher-timeframe picture resembles the following:
Weekly TF: Serious buying has pushed price very deep within a weekly supply area at 105.432-104.065, with only a little interest being seen by the sellers at the moment, a break above here could likely trigger buying interest up to around the weekly supply area at 110.652-108.123.
Daily TF: A...
4hr TF.
The higher-timeframe picture resembles the following:
Weekly TF: Price is still frustratingly trading within a weekly consolidation area with the upper limits seen at 0.94600, and the lower at 0.92046, with no signs of a break happening just yet.
Daily TF: Buyers and sellers are currently trading within a medium-term range (0.92046-0.92354/0.93529). At...
4hr TF.
The higher-timeframe picture resembles the following:
Weekly TF: Price still remains trading between the weekly supply area above at 1391.97-1328.04 and a nice-looking weekly decision-point level below at 1244.04 with no attempt of a breakout yet to be seen. Price is currently edging ever so closer to the lower limits of the 1244.08 area, so long...
4hr TF.
The higher-timeframe picture resembles the following:
Weekly TF: Price may have already retested the weekly decision-point level at 0.90927, as last week a rather pleasant-looking bullish pin bar formed a few pips above. Does this mean we should expect higher prices this week?
Daily TF: In our humble opinion, price appears to be clear north on this...
4hr TF.
The higher-timeframe picture resembles the following:
Weekly TF: There is clear buying pressure being seen on this pair, and as a result, price is now trading around the weekly decision-point area once more at 0.80328-0.79780. If selling interest comes into the market here, the first trouble area we see is around the weekly demand area at...
4hr TF.
The higher-timeframe picture resembles the following:
Weekly TF: Serious buying has pushed price very deep within a weekly supply area at 105.432-104.065 with little interest being seen by the sellers at the moment, a break above here could likely trigger buying interest up to around a weekly supply area at 110.652-108.123.
Daily TF: In light of the...
4hr TF.
The higher-timeframe picture resembles the following:
Weekly TF: Serious weakness is being presented within the weekly demand area at 1.64589-1.66339. A break below here could very well open the gates for a challenge of the weekly R/S flip level support at 1.62591.
Daily TF: Daily demand at 1.64589-1.64949 is seeing some action, as sellers slammed price...
4hr TF.
The higher-timeframe picture resembles the following:
Weekly TF: Price still remains trading between the weekly supply area above at 1391.97-1328.04 and a nice-looking weekly decision-point level below at 1244.04 with no attempt of a breakout yet to be seen.
Daily TF: A break below the daily S/R flip level at 1277.36 has been seen, consequently forcing...
4hr TF.
The higher-timeframe picture resembles the following:
Weekly TF: Price may have already retested the weekly decision-point level at 0.90927, as last week a rather pleasant-looking bullish pin bar formed a few pips above. Does this mean we should expect higher prices this week?
Daily TF: In our humble opinion, price appears to be clear north on this...
4hr TF.
The higher-timeframe picture resembles the following:
Weekly TF: Prices are stalling after hitting the awesome-looking weekly supply area at 1.10522-1.09996. Considering just the weekly timeframe for the moment, we still believe lower prices could be seen, since there’s very little stopping the sellers from challenging the weekly demand area below at...
4hr TF.
The higher-timeframe picture resembles the following:
Weekly TF: Serious selling pressure from the weekly decision-point area at 0.80328-0.79780 has quite possibly opened the door for a challenge of the weekly demand area below at 0.76931-0.78623.
Daily TF: Fresh buyers are being seen on the daily timeframe around the 0.78905 level, which in all honesty...
