Weekly Timeframe: The DOW has been trading beautifully within a nice-looking trending channel for over five years, and shows no signs of slowing down just yet. The recently closed weekly candle informed us that the buyers once again remained in control. However, at this point in time, the current weekly candle is showing rather aggressive selling interest from...
Weekly Timeframe: The weekly timeframe shows that the German index is seeing relatively aggressive selling at the moment. The last session saw the market push below 9790, a weekly swap level. Is there a chance that we may see further selling down towards a weekly decision-point demand area at 9126-9467?
Daily Timeframe: Friday saw the market break above a daily...
Weekly Timeframe: Aggressive selling has been seen on the USD/JPY pair from just below a weekly Quasimodo resistance level at 122.180. This has consequently forced prices down to a weekly swap area coming in at 117.931-116.799. Let’s take a look on the lower timeframes to see what we can find.
Daily Timeframe: The daily timeframe shows that the buyers and sellers...
Weekly Timeframe: The weekly timeframe shows that Gold is currently being bought against the U.S Dollar, and as a result prices have been push above 1202.91 into a fresh weekly supply area coming in at 1255.20-1226.18. It will be interesting to see what the lower timeframes have to say.
Daily Timeframe: The daily timeframe shows that the recent buying momentum...
Weekly Timeframe: Further buying has been seen from the weekly Quasimodo support area coming in at 1.22403-1.22942. Will the market continue to rally until it reaches 1.24996, a minor weekly swap level? Let’s take a look on the lower timeframes to see what we can find.
Daily Timeframe: The daily timeframe shows that the buyers and sellers are currently battling...
Weekly Timeframe: Relatively aggressive selling has been seen on the USD/JPY pair from just below a weekly Quasimodo resistance level at 122.180. This consequently forced prices down to a weekly supply swap area coming in at 117.931-116.799.
Daily Timeframe: The daily timeframe shows that a small daily demand area at 117.225-117.873 (located within the...
Weekly Timeframe: The weekly timeframe shows that price is reacting off of a long-term downtrend channel support (0.97569/0.88468) seen deep within a major weekly demand area coming in at 0.80646-0.84601.
Daily Timeframe: It was reported in the previous analysis that we should be prepared for price to fake below the daily swap level at 0.82625 into a daily demand...
Weekly Timeframe: The GBP/USD pair remains confined between a weekly demand area seen at 1.54260-1.56110, and a weekly swap level coming in at 1.57166. A break above would likely force prices to test a weekly swap level at 1.58934. Conversely, a break lower would likely encourage follow-through selling down towards a weekly support level seen at 1.52700.
Daily...
Weekly Timeframe: Further buying has been seen from the weekly Quasimodo support area coming in at 1.22403-1.22942. Will the market continue to rally until it reaches the minor weekly swap level seen at 1.24996? Let’s take a look on the lower timeframes to see what we can find.
Daily Timeframe: The daily timeframe shows that for the market to continue rallying,...
Weekly Timeframe: For the past five weeks, Gold has been trading between a weekly decision-point demand level at 1136.30, and a weekly support swap level coming in at 1202.91. A close above would likely attract further buying towards yet another weekly support swap level at 1244.08. Likewise, a close below could force the market to test 1074.65, a weekly Quasimodo...
Weekly Timeframe: The DOW has been trading beautifully within a nice-looking trending channel for over five years, and shows no signs of slowing down just yet. The recently closed weekly candle shows that the buyers once again remained in control. However, at this point in time, selling interest is currently being seen from 17972.
Daily Timeframe: The daily...
Weekly Timeframe: The weekly timeframe is currently showing selling activity just below a major weekly Quasimodo resistance level seen at 112.180. Let’s take a look on the lower timeframes to see what we can find.
Daily Timeframe: Friday’s NFP madness saw the USD rally a little fewer than 200 pips up to a daily supply area coming in at 122.610-121.540...
Weekly Timeframe: It has been a very exciting weak for the sellers, as the Euro saw a 230-pip decline. This consequently saw the market close (1.22849) within a major weekly Quasimodo support area coming in at 1.22403-1.22942. Could this be enough to trigger a reversal?
Daily Timeframe: The daily demand area seen at 1.22877-1.23809 has seen a positive close...
Weekly Timeframe: Last week shows that the buyers and sellers were seen battling it out between a weekly decision-point demand level at 1136.30, and a weekly support swap level coming in at 1202.91. A break above would likely attract further buying towards yet another weekly support swap level at 1244.08. Likewise, a break below could force the market to test...
Weekly Timeframe: For the past six weeks the USD/JPY pair has been on fire. During that time, price has obliterated two major weekly supply areas (114.650-112.530/117.931-116.799). Last week’s trading action saw the USD rally a little over 380 pips, which resulted in the market closing at 121.439, just under a major a weekly Quasimodo resistance level seen at...
Weekly Timeframe: The weekly timeframe shows that the buyers have well and truly been in control for the past two weeks now. This consequently forced price to trade around an all-time high seen at 10048, where at the time of writing a little selling interest is being seen. A break above here would likely attract further buying, resulting in the DAX continuing on...
Weekly Timeframe: Further buying is indeed being seen on the USD/JPY pair. This comes after price positively closing above a major weekly supply area at 117.931-116.799 last week. Does this mean we could be seeing further buying up to a weekly Quasimodo resistance level seen at 122.180 in the near future? Let’s take a look on the lower timeframes to see how price...
Weekly Timeframe: The weekly timeframe shows that price has hit a major weekly demand area coming in at 0.80646-0.84601 with little to no interest currently being seen by the buyers. Let’s see what the lower-timeframes have to say about this.
Daily Timeframe: Further selling was once again seen on the Aussie yesterday forcing prices to print a fresh low of...
