Weekly Timeframe: The weekly timeframe shows that for five consecutive weeks, price has been hovering above an ignored weekly Quasimodo level at 17135. In the event that this level fails, follow-through selling will likely be seen down towards a weekly support level coming in at 16051.
Daily Timeframe: After looking at the daily-timeframe picture, we feel it is...
Weekly Timeframe: The weekly timeframe is currently showing price trading above a weekly swap level coming in at 1.1870. As a result, this could open the doors to much higher prices in the future. Let’s see what the lower timeframes have to say about this.
Daily Timeframe: The rebound seen from just below the daily swap level at 1.2022 on Wednesday saw the...
Weekly Timeframe: Current trading action shows that the USD has seen a decline in value, consequently forcing price to trade just above a major weekly swap level coming in at 115.50.
Daily Timeframe: The buyers and sellers are currently seen battling for position within a daily demand area at 115.55-116.38 (located just above the aforementioned weekly swap...
Weekly Timeframe: The weekly timeframe shows that price is now trading within a weak-looking weekly supply area coming in at 1255.2-1226.1. The reason we believe this area to be weak is simply because price has already visited this area once already on the 08/12/14, consequently decreasing the chances of a reaction being seen here. What is more, notice that the...
Weekly Timeframe: The weekly timeframe shows that price is now trading within a weak-looking weekly supply area coming in at 1255.2-1226.1. The reason we believe this area to be weak is simply because price has already visited this area once already on the 08/12/14, consequently decreasing the chances of a reaction being seen here. What is more, notice that the...
Weekly Timeframe: The weekly timeframe shows that price remains trading between a weekly Quasimodo resistance level coming in at 122.18, and a major weekly swap level seen at 115.50.
Daily Timeframe: Yesterday’s trading action shows that price pushed below a daily swap area seen at 119.19-118.04. This may encourage further selling down towards a minor daily...
Weekly Timeframe: The weekly timeframe shows that Gold increased in value last week from 1188.0 to 1222.6. As such, price is now trading below a weak-looking weekly supply area coming in at 1255.2-1226.1. The reason we believe this area to be weak is simply because this weekly supply area has already been visited on the 08/12/14 consequently weakening the supply...
Weekly Timeframe: From a technical perspective, the weekly timeframe shows very little change. Price still remains to be trading between a weekly Quasimodo resistance level coming in at 122.18, and a major weekly swap level seen at 115.50.
Daily Timeframe: Last week saw rather cramped trading conditions as the buyers and sellers battled for position between a...
Weekly Timeframe: The recently closed weekly candle shows that the Euro saw a further decline in value last week, subsequently breaking below a major weekly demand area at 1.1875-1.2095, and forcing the market down towards a weekly Quasimodo support level coming in at 1.1758 (weekly trendline confluence - 23/10/2000 – 0.8230) . Buyers were not completely dormant...
Weekly Timeframe: The weekly timeframe shows that Gold has been moderately bullish since hitting the weekly decision-point demand level seen at 1136.3 on 03/11/14. Nonetheless, signs of weakness over the past four weeks or so have begun to show just below a weekly supply area coming in at 1255.2-1226.1.
Daily Timeframe: The rebound seen from the daily Quasimodo...
Weekly Timeframe: There is clear buying interest being seen around a weekly decision-point demand area (9126-9467) at the moment. In the event that the buyers continue with this tempo, we feel that there’s a good chance price may attack the 10048 level once more.
Daily Timeframe: Yesterday saw the DAX witness a further increase in value, consequently closing for...
Weekly Timeframe: The weekly timeframe shows that the buyers and sellers are still ranging between a weekly Quasimodo resistance level coming in at 122.18, and a major weekly swap level seen at 115.50.
Daily Timeframe: Like the weekly timeframe, we’re also seeing a consolidation on the daily timeframe. The market is currently capped to the downside by a daily...
Weekly Timeframe: The weekly timeframe shows that the Euro continues to receive punishment as a major weekly demand area seen at 1.1875-1.2095 has been consumed. This consequently forced the market down towards a major weekly Quasimodo support level seen at 1.1758. Could the buyers see a little action here?
Daily Timeframe: Contrary to what we’re seeing on the...
Weekly Timeframe: Buying interest is currently being seen on the weekly chart from 17248, which as you can see just missed the ignored weekly Quasimodo level coming in at 17135. It will be interesting to see what the lower timeframes have to say about this.
Daily Timeframe: Yesterday was a fantastic day for anyone who entered long from the daily swap level seen...
Weekly Timeframe: The weekly timeframe shows that price has breached a major weekly demand area seen at 1.1875-1.2095. Assuming that the majority of buyers are consumed here, price will likely be free to test a weekly Quasimodo support level seen below at 1.1758. However, as always, do be prepared for the possibility a sneaky fakeout may take place here.
Daily...
Weekly Timeframe: The weekly timeframe shows that even with the recent buying activity currently being seen on the weekly chart, price still remains firmly capped between a weekly supply area seen at 1255.2-1226.1, and a weekly decision-point demand level coming in at 1136.3.
Daily Timeframe: The buyers and sellers are presently seen battling for position around...
Weekly Timeframe: The DOW recently saw a further decline in value and is at the time of writing coming very close to hitting an ignored weekly Quasimodo level seen at 17135. Let’s see what the lower timeframes offer.
Daily Timeframe: Looking on the daily chart shows us that price closed at 17362 yesterday, which is effectively a daily swap level. In our opinion,...
Weekly Timeframe: The weekly timeframe shows that relatively aggressive selling has seen the DAX decline in value down towards a weekly decision-point demand area visible at 9126-9467, where little to no buying interest is being seen at the moment.
Daily Timeframe: Yesterday saw the sellers seemingly lose steam around the 9467 mark, which is not surprising really...
