Weekly view: Following the pin-bar rebound seen from the weekly swap level 0.8064, last week’s action saw very little follow-through selling. Instead, we can see that price managed to close the week (0.7927) above a weekly swap level positioned at 0.7845, potentially indicating bullish strength.
Daily view: The daily picture on the other hand, reveals that price...
Weekly view: Last week’s action shows that price formed a weekly indecision candle in between weekly supply coming in at 1.1449-1.1278, and a weekly swap level seen at 1.1051. The past two months have been the most we’ve seen the Euro pair rally since price began its descent back in May 2014. In spite of this, our long-term bias still remains south and will...
Weekly view: The weekly timeframe shows that selling interest is currently being seen from deep within a weekly supply area coming in at 1.1449-1.1278. The past two months have been the most we’ve seen the Euro rally since price began its descent back in May 2014. In spite of this, our long-term bias still remains south and will continue to do so until we see a...
Weekly view: For the past month and a half, the buyers and sellers have been seen battling for position within a weekly demand area coming in at 118.22-119.40. Our long-term bias will remain north on this pair as long as price continues to trade above the weekly swap level seen below this area at 115.50.
Daily view: From this angle, it appears the USD/JPY pair...
Weekly view: Following the strong retest of the weekly swap level 1.1096, price rallied higher into weekly supply at 1.1449-1.1278. This has been the most we’ve seen the Euro rally since price began its descent back in May 2014. In spite of this, our long-term bias still remains south and will continue to do so until we see a convincing push above the...
Weekly view: Although the overall trend has been strong since early 2009, a temporary ‘ceiling’ to this index has formed around the 18098 region which has remained strong for an impressive four months!
Daily view: From this angle; we can see that prices sold off from the daily supply area 18207-18117 down to the daily trendline level extended from the low 17033....
Weekly view: For the past month and a half, the buyers and sellers have been seen battling for position within a weekly demand area coming in at 118.22-119.40. Our long-term bias will remain north on this pair as long as price continues to trade above the weekly swap level seen below this area at 115.50.
Daily view: From this angle, it appears the USD/JPY pair...
Weekly view: From a weekly timeframe perspective, the trend on Gold is still firmly south, and will remain that way in our opinion until price closes above the weekly trendline extended from the high 1488.0. Current price action, however, shows that price is trading in ‘no man’s land’ between weekly supply at 1223.1-1202.6 and a weekly demand area seen at...
Weekly view: From a weekly timeframe perspective, the trend on Gold is still firmly south, and will remain that way in our opinion until price closes above the weekly trendline extended from the high 1488.0.With regards to last week’s action, however, we can see that despite the volatility seen from below weekly supply at 1223.1-1202.6, the end result barely saw...
Weekly view: For the past month and a half, the buyers and sellers have been seen battling for position within a weekly demand area coming in at 118.22-119.40. Our long-term bias will remain north on this pair as long as price continues to trade above the weekly swap level seen below this area at 115.50.
Daily view: The rebound seen from the daily support level...
Weekly view: Last week’s action saw the Euro rally a cool 330 pips from open (1.0859) to close (1.1192). This move consequently saw price close above the weekly swap level seen at 1.1096, and at the same time, ‘touch gloves’ with a major weekly supply zone coming in at 1.1449-1.1278. This has been the most we’ve seen the Euro rally since price began its descent...
Weekly view: For the past month or so, the buyers and sellers have been seen battling for position within a weekly demand area coming in at 118.22-119.40. Our bias will remain north on this pair as long as price continues to trade above 115.50.
Daily view: From the daily scale, we can see that price is resting on top of a daily trendline extended from the low...
Weekly view: The weekly timeframe still shows that the Euro is trending south, and has been for nearly a year now. A convincing push above weekly supply at 1.1449-1.1278 would be needed to invalidate our current bearish bias. In the event that the Euro continues to be bought, we might, just might, see prices challenge the weekly swap level at 1.1096.
Daily view:...
Weekly view: Overall, the weekly trend on Gold is still firmly pointing south in our opinion. Current trading action shows price is nibbling at the underside of weekly supply seen at 1223.1-1202.6. A break above this area could suggest further upside towards the weekly descending trendline extended from the high 1488.0.
Daily view: Yesterday’s candle saw Gold...
Weekly view: The weekly timeframe still shows that the Euro is trending south, and has been for nearly a year now. Despite this, the weekly demand area seen at 1.0333-1.0502 has been able to support this market since mid-March. The outlook for this pair is still south in our opinion and will only change once/if a convincing push above weekly supply at...
Weekly view: From a weekly timeframe perspective, very little has changed over the past three months. The overall trend clearly still remains southbound, and the buyers and sellers continue to battle for position around a weekly demand area seen at 0.7449-0.7678.
Daily view: The daily timeframe shows that the daily swap level 0.7691 managed to provide support to...
Weekly view: For the past month or so, the buyers and sellers have been seen battling for position within a weekly demand area coming in at 118.22-119.40. Last week’s candle clearly showed that the bears overwhelmed the bulls within this zone, but as you can see, this was still not enough to close prices below the prior week’s low 118.56. Therefore, despite the...
