Weekly Timeframe: The rebound from the weekly demand area at 1156.70-1194.45 extended higher last week up to a weekly support flip level coming in at 1244.08. At this point in time, there appears to be very little selling interest seen around this level. Does this mean higher prices will follow? Let’s see what we can find on the lower timeframes.
Daily Timeframe:...
Weekly Timeframe: Last week saw the market react beautifully off of a weekly resistance flip level coming in at 105.432. Is this level really enough to put a halt on the selling that was recently seen out of the weekly supply area above at 110.625-108.123? Let’s see what the lower timeframe have to say.
Daily Timeframe: The daily timeframe shows that selling...
Weekly Timeframe: The EUR/USD is in a very tricky spot at the moment. We can all see price seems to be holding above the weekly support flip level seen at 1.27541. Be that as it may, going long here would not be wise in our opinion as a strong-looking weekly supply area at 1.29941-1.28583 is seen looming just above like a big-black rain cloud!
Daily Timeframe:...
Weekly Timeframe: Last week started off looking so positive with serious buying interest being seen out of a weekly demand area at 0.76931-0.78623. However, this was quickly brought to a halt when sellers came into the market around the 0.80328 weekly resistance level. At this point in time, we see very little on the weekly timeframe in terms of future direction...
Weekly Timeframe: The weekly timeframe shows that buying interest is being seen off of weekly resistance flip level at 105.432. Is this level really enough to put a halt on the selling that was recently seen out of the weekly supply area above at 110.625-108.123?
Daily Timeframe: We can see that the weekly resistance flip level mentioned above at 105.432 is...
Weekly Timeframe: Further buying has recently been seen on the weekly timeframe, which consequently pushed prices up to a weekly support flip level coming in at 1244.08.
Daily Timeframe: The daily timeframe shows that the if selling interest comes into the market around the aforementioned weekly support flip level, there is very little stopping price from...
Weekly Timeframe: The weekly timeframe shows that the poor US data announced yesterday likely fuelled further selling out of a weekly supply area seen at 110.652-108.123. As a consequence, this move has brought price down to a weekly resistance flip level coming in at 105.432.
Daily Timeframe: For anyone who follows our analysis regularly, you may recall us...
Weekly Timeframe: Strong buying has been seen on the Euro, and as a result saw price aggressively break above the weekly support flip level (1.27541) into a strong-looking weekly supply area at 1.29941-1.28583.
Daily Timeframe: The daily timeframe shows that price is currently trading within a small daily supply area seen at 1.29001-1.28453 (located within the...
Weekly Timeframe: The weekly timeframe shows that further buying is currently being seen out of a weekly demand area at 1156.70-1194.45. Assuming this buying activity continues, we can likely expect prices to trade up to at least the weekly support flip level coming in at 1244.08.
Daily Timeframe: The daily timeframe on the other hand shows that price is...
Weekly Timeframe: At the time of writing, price is once again seen trading around a key weekly support flip level coming in at 1.27541. The selling opposition seems to be too strong for the buyers to overcome here. Assuming further selling interest is seen, price may then be forced to test the combined weekly demand/Quasimodo support area at...
Weekly Timeframe: The weekly timeframe shows that further buying is currently being seen out of a weekly demand area at 1156.70-1194.45. Assuming this buying activity continues, we can likely expect prices to trade up to at least the weekly support flip level coming in at 1244.08.
Daily Timeframe: The daily timeframe on the other hand shows that price is...
Weekly Timeframe: The weekly timeframe shows that further selling is currently being seen out of a major weekly supply area at 110.652-108.123. Assuming this selling activity continues, we can likely expect prices to trade down to at least the weekly resistance flip level coming in at 105.432.
Daily Timeframe: It appears with the recent selling interest being...
Weekly Timeframe: Considering price is currently trading around a medium-term weekly high (1.12775), the selling interest is not exactly convincing. In fact, just looking at only the weekly timeframe action, we would be worried if we were sellers at the moment.
Daily Timeframe: The small daily decision-point area coming in at 1.10521-1.10826 is very likely...
Weekly Timeframe: The weekly timeframe shows that serious selling came into the market last week within a weekly demand area at 0.86591-0.88247, which as a result saw the weekly candle close near its lows (0.86513) at 0.86820. We feel this area has been consumed now so follow-through selling could be seen down towards a larger weekly demand area coming in at...
Weekly Timeframe: The weekly timeframe shows that the buyers and sellers are still battling it out within a major weekly demand area coming in at 0.76931-0.78623. As per this timeframe, the buying interest seems to be weak considering its current location.
Daily Timeframe: The reason for the weak buying seen out of the aforementioned weekly demand area can be...
Weekly Timeframe: Last week’s weekly candle shows that selling interest came into the market around the weekly support flip level seen at 1.27541, and as a result this forced the market to close the week out at 1.26262. If follow-through selling is seen this week, price could very well hit a combined weekly demand/Quasimodo support area coming in at...
Weekly Timeframe: Active selling has been seen coming into the market on the weekly timeframe, which could mean the spike seen below the weekly demand area at 0.86591-0.88247 may well have been a continuation move, rather than a fakeout for higher prices. Let’s see what the lower timeframes have to say.
Daily Timeframe: The daily timeframe shows exactly why a...
Weekly Timeframe: This week has been primarily bullish so far; however we are currently seeing active sellers come into the market around the 1.27541 level at the moment. This is not surprising really considering this is a prominent ignored weekly support level.
Daily Timeframe: The selling seen on the weekly timeframe has brought price down to a daily resistance...
