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 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 week? Let’s take a look at the lower timeframes for a closer...
Weekly TF.
A beautiful full-bodied bearish candle was seen last week within weekly supply at 1.76297-1.67702 which traded right into weekly demand at 1.69917-1.67939. If serious buying is seen here, and a push much higher is seen, this could indicate potential weakness within the weekly supply area. However, a break below the weekly demand area will likely...
Weekly TF
Over the last week, a beautiful-looking pin bar has formed within weekly demand at 1.32940-1.34847, as the market closed near its weekly highs at 1.34268. Does this mean buying will be seen this week? Not necessarily, some pin-bar enthusiasts would disagree (and they could well be right on this occasion), we however would rather look at the...
Weekly TF.
Price still remains capped between weekly supply at 1391.97-1328.04 and a nice-looking weekly decision-point level below at 1244.08. Last week, the sellers appeared in control, which should be the case really, as price has just recently traded out of the aforementioned weekly supply area.
Daily TF.
A close below the daily ignored decision-point level...
Weekly TF.
Last week, a small bearish pin-bar candle had formed from around the weekly decision-point level at 0.90927, does this really mean lower prices will be seen this week? Let’s take a look lower down to see what price action is telling us.
Daily TF.
A healthy-looking push down from daily supply at 0.91556-0.90985 was seen down to the daily S/D flip area...
Weekly TF.
Last week saw a strong push up from the buyers deep into weekly supply at 1.09592-1.08133. Price still remains capped between the aforementioned weekly supply area and weekly demand below at 1.05715-1.07008. 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...
Weekly TF.
In our opinion, price has still yet to fully hit the weekly demand area at 0.79631-0.78623, however it appears from last week’s trading, pro money may have all the liquidity they require to begin a push up, as price has traded right into a minor weekly supply area at 0.80328-0.79780. We have seen pro money do this time and time again, they turn price...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly timeframe: Current price action is seen trading just above weekly demand at 0.79631-0.78623. As we see it, price still has room to drop further into the weekly demand area due to there being possible consumed demand area to the far left.
• Daily timeframe: A break south has been seen below...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly timeframe: Buyers are currently pushing prices up hard from the long-term weekly R/S flip level at 101.206, which has been providing support to the market now since the 3rd of February 2014.
• Daily timeframe: Price has successfully closed above the daily supply area at 101.962-102.257 with...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly timeframe: The weekly timeframe is still depicting consolidating price action with the upper limits being seen at 0.94600 and the lower at 0.92046. The sellers are currently seen pushing price aggressively to the downside within the aforementioned consolidated area.
• Daily timeframe: The...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly timeframe: The sellers have begun to show some serious interest within weekly supply at 1.76297-1.67702, it is becoming more and more like we will be soon seeing a touch of weekly demand below at 1.66917-1.67939.
• Daily timeframe: Price is currently (at the time of writing) trading below...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly timeframe: Price is now firmly trading within weekly demand at 1.32940-1.34847 with buyers showing very little interest at the moment.
• Daily timeframe: The daily demand area at 1.33984-1.34397 has now been well and truly consumed. The sellers have made an attempt towards the daily area of...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly timeframe: Price remains capped between weekly supply at 1391.97-1328.04 and a nice-looking weekly decision-point level below at 1244.08. At the moment, the sellers appear in control, which should be the case really, as price has just recently traded out of the aforementioned weekly supply...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly timeframe: Buyers are currently pushing prices up hard from the long-term weekly R/S flip level at 101.206, which has been providing support to the market now since the 3rd of February 2014.
• Daily timeframe: Price has very nearly pushed above the daily supply area at 101.962-102.257, if we...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly timeframe: The weekly timeframe is still depicting consolidating price action with the upper limits being seen at 0.94600 and the lower at 0.92046. Price is seen trading predominantly around the aforementioned upper limits at the moment.
• Daily timeframe: Buyers and sellers have been...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly timeframe: The sellers have begun to show some serious interest within weekly supply at 1.76297-1.67702, could we see a touch of weekly demand below at 1.66917-1.67939 in the next few weeks?
• Daily timeframe: A positive close below the daily S/R flip level at 1.69712 has now been seen,...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly timeframe: Price is now firmly trading within weekly demand at 1.32940-1.34847 with buyers showing very little interest at the moment.
• Daily timeframe: The daily demand area at 1.33984-1.34397 has seen a small break below no doubt triggering stops in the process. Prices may now be forced...
4hr TF.
The higher-timeframe picture resembles the following:
• Weekly timeframe: Selling pressure has begun to weaken out of weekly supply at 1391.97-1328.04 with two relatively long tails being seen indicating buying interest. Price is currently capped between the aforementioned weekly supply area and a nice-looking weekly decision-point level below at...
