Weekly TF.
The buyers really worked hard last week, a strong push up to weekly supply at 1.09592-1.08133 was seen. 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 as the profit potential to the...
Weekly TF.
We are literally only a few pips away from hitting weekly demand at 0.79631-0.78623. Last week we saw price form an indecision candle with both buyers and sellers applying equal pressure. As per this timeframe, we still see lower prices deeper into the aforementioned weekly demand area; however the lower timeframes may print a different story.
Daily...
Weekly TF.
The sellers have begun to show some serious interest within weekly supply at 1.76297-1.67702, if this selling continues this week, we could very well be seeing price hit weekly demand below at 1.66917-1.67939.
Daily TF.
Last week, price closed at 1.69705 which is around a daily S/R flip level at 1.69712. If a bullish reaction is seen there, a move up...
Weekly TF.
The weekly timeframe shows the sellers were undoubtedly in control for most last week. A hard full-bodied bearish candle was seen plummeting into the weekly demand area at 1.32940-1.34847. On this timeframe we could certainly see more selling before any buyers begin to show interest. We will be watching watching the 1.33660 level very carefully this...
4hr TF.
The higher-timeframe picture resembles the following:
• The weekly timeframe shows the sellers are beginning to show some interest around a (not-so-great) weekly supply area at 1391.97-1328.04. Price is currently capped between the aforementioned weekly supply area and a nice-looking weekly decision-point level at 1244.08.
• Buyers and sellers on the...
4hr TF.
The higher-timeframe picture resembles the following:
• Price is frustratingly consolidating above weekly demand at 0.85664-0.88124, and has been for several weeks now!
• Heavy buying into daily supply at 0.90372-0.90042 has been seen with the sellers beginning to show a little interest now. If we see a break above this area, a likely push up to...
4hr TF.
The higher-timeframe picture resembles the following:
• The weekly chart shows the sellers have nearly reached the weekly demand area at 0.76931-0.78623. Any short orders currently in the market should now be carefully monitored.
• A break south has been seen below daily demand at 0.78862-0.79206, price should be relatively free now to hit the next...
4hr TF.
The higher-timeframe picture resembles the following:
• The weekly chart shows buying pressure is being seen from the long-term weekly support at 101.206, a positive close below this level has yet to be seen.
• Buyers and sellers have been seen trading within a medium-term range now for about two months (Resistance: 102.713 Demand: 100.747-100.967) now....
4hr TF.
The higher-timeframe picture resembles the following:
• Sellers are showing much more interest within weekly supply at 1.76297-1.67702, could a move down to the weekly demand area at 1.66917-1.67939 be in order?
• A break below the minor daily S/R flip level at 1.70597 has been seen. Sellers appear to be pushing south at the moment with the next trouble...
4hr TF.
The higher-timeframe picture resembles the following:
• The sellers at this point in time seem to have broken the weekly demand area at 1.34760-1.36314, as a result, price has dropped into the next weekly demand area directly below at 1.32940-1.34847 (Stacked demand).
• The daily timeframe shows that the sellers have pushed below the daily demand area...
4hr TF.
The higher-timeframe picture resembles the following:
• Price is frustratingly consolidating above weekly demand at 0.85664-0.88124, and has been for several weeks now!
• Heavy buying into daily supply at 0.90372-0.90042 is currently being seen, if we see a break above this area, a likely push up to oncoming daily supply above at 0.91556-0.90985 will...
4hr TF.
The higher-timeframe picture resembles the following:
• The weekly chart shows the sellers have nearly reached the weekly demand area at 0.76931-0.78623. Any short orders currently in the market should now be carefully monitored.
• A break south has been seen below daily demand at 0.78862-0.79206, price should be relatively free now to hit the next...
4hr TF.
The higher-timeframe picture resembles the following:
• The weekly chart shows buying pressure is being seen from the long-term weekly support at 101.206, a positive close below this level has yet to be seen.
• Buyers and sellers have been seen trading within a medium-term range now for about two months (Resistance: 102.713 Demand: 100.747-100.967) now....
4hr TF.
The higher-timeframe picture resembles the following:
• The weekly timeframe is still depicting consolidating price action with the upper limits being seen at 0.94600 and the lower at 0.92046.
• Buyers and sellers have been trading within a small range on the daily timeframe, daily supply being seen above at 0.95425-0.94852 and a low below at 0.93208....
4hr TF.
The higher-timeframe picture resembles the following:
• The sellers at this point in time seem to have broken the weekly demand area at 1.34760-1.36314, as a result price has dropped into the next weekly demand area directly below at 1.32940-1.34847 (Stacked demand).
• The daily timeframe shows that the sellers have pushed below the daily demand area at...
4hr TF.
The higher-timeframe picture resembles the following:
• Price is very frustratingly consolidating above weekly demand at 0.85664-0.88124, and has been for several weeks now!
• Heavy buying into daily supply at 0.90372-0.90042 is currently being seen, if we see a break above this area, a likely push up to oncoming daily supply above at 0.91556-0.90985...
4hr TF.
The higher-timeframe picture resembles the following:
• At the time of writing, positive buying action is being seen out of weekly demand at 1.05715-1.07008, the first trouble area for the buyers is seen above around weekly supply at 1.09592-1.08133.
• The sellers are very likely all consumed on the daily timeframe around the daily decision-point area...
4hr TF.
The higher-timeframe picture resembles the following:
• The weekly chart shows the sellers are pushing ever so nearer to weekly demand at 0.76931-0.78623. Once/if price reaches this area; expect some heavy buying to be seen!
• A small bullish reaction was seen within daily demand at 0.78862-0.79206 but was relatively short lived as the sellers began...
