Weekly Timeframe: After seven consecutive weeks of relentless buying, the USD/JPY pair finally saw some selling interest last week from just below a weekly Quasimodo resistance level seen at 122.180. This move has consequently forced prices down towards a weekly swap area coming in at 117.931-116.799. This week shows that further selling is being seen at the...
Weekly Timeframe: Last week was clearly a successful one for the buyers with sellers showing little to no interest. The market moved a respectable 247 pips from a nice-looking weekly Quasimodo support area at 1.22403-1.22942, forcing the market to close at 1.24594 just below a minor weekly swap level coming in at 1.24996. Let’s see what the lower timeframes have...
Weekly Timeframe: The rebound from the weekly decision-point demand level seen at 1136.30 extended higher recently, forcing Gold to close (1222.20) a few pips below a weekly supply area coming in at 1255.20-1226.18. It will be interesting to see what the lower timeframes show.
Daily Timeframe: The daily timeframe shows that apart from Monday and Tuesday, the Gold...
Weekly Timeframe: Last week saw the USD strengthen against the CAD consequently forcing the market to close (1.15736) around a weekly supply area coming in at 1.17225-1.15417 (located within a larger weekly supply area seen at 1.18061-1.14739). Let’s see what the lower timeframes have to say about this.
Daily Timeframe: It was reported in Friday’s analysis that...
Weekly Timeframe: The weekly timeframe shows that the USD/CAD pair has increased in value. As a consequence, price is now trading just below a weekly supply area at 1.17225-1.15417 (located within a larger weekly supply area seen at 1.18061-1.14739). Let’s see what the lower timeframes have to say about this.
Daily Timeframe: The daily timeframe indicates that...
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, where at the time of writing, buying interest appears to be coming into the market.
Daily Timeframe: The reason for the buying interest...
Weekly Timeframe: The Euro did indeed continue to rally from a weekly Quasimodo support area coming in at 1.22403-1.22942 up to a minor weekly swap level seen at 1.24996. This move consequently allowed sellers to come back into the market.
Daily Timeframe: The daily timeframe shows that sellers entered the market yesterday from within a daily supply area seen at...
Weekly Timeframe: The weekly timeframe shows that Gold is currently being bought against the U.S Dollar, and as a result price is now trading just below a fresh weekly supply area coming in at 1255.20-1226.18.
Daily timeframe: The daily timeframe shows that the recent buying momentum has forced prices above a daily decision-point supply area at 1235.51-1222.37...
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...
