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...
Weekly view: Overall, 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. Last week’s trading did see a slight advance, but not really anything to get excited about since it has not really changed the...
Weekly view: From the weekly scale, we can clearly see selling interest forming around weekly supply at 1223.1-1202.6. Assuming that this selling interest continues, we might, just might, see prices challenge the weekly demand area below coming in at 1130.1-1168.6.
Daily view: The daily timeframe on the other hand, shows that price rebounded from a daily demand...
Weekly view: From the weekly scale, we can clearly see selling interest forming around weekly supply at 1223.1-1202.6. Assuming that this selling interest continues, we might, just might, see prices challenge the weekly demand area below coming in at 1130.1-1168.6.
Daily view: The daily timeframe on the other hand, shows that price rebounded from a daily demand...
Weekly view: The selling pressure which has been forcing the Euro south for nearly a year seems to be diminishing. Weekly demand at 1.0333-1.0502 has been able to hold this market higher since mid-March. As bullish as this sounds, our team will not be convinced the overall trend has changed until we see price convincingly push above weekly supply at...
Monthly view: The monthly chart shows we’ve been trending south since hitting the monthly swap level at 1.7134. Current price action shows that the bulls are beginning make a stand from just above a monthly demand area coming in at 1.4225-1.4541. Quite frankly though, until we see a break above the monthly supply area at 1.5551-1.5096, our long-term bearish bias...
Monthly view: The trend direction on the monthly timeframe is clear. However, the past few months has seen momentum severely diminish as selling interest appears to be entering the market around monthly supply at 124.13-120.76.
Weekly view: For the past month or so, the buyers and sellers have been seen pulling for position within a weekly demand area coming in...
Monthly chart: From here, it looks as though the Euro has been in a slow-motion nose dive since 01/05/2014.Current action shows price has pierced a long-term monthly swap level at 1.0640, which as you can see, also boasts long-term trendline convergence (green line) from the low 0.8230 (02/10/2000).
Weekly chart: The weekly scale shows supportive pressure coming...
Monthly chart: From here, it looks as though the Euro has been in a slow-motion nose dive since 01/05/2014.Current action shows price has pierced a long-term monthly swap level at 1.0640, which as you can see, also boasts long-term trendline convergence (green line) from the low 0.8230 (02/10/2000).
Weekly chart: The weekly scale shows supportive pressure coming...
Weekly timeframe perspective: The technical studies from the weekly scale show that buying interest came in from just above weekly demand at 1.0333-1.0502 last week, which, if you scale out far enough, you’ll be able to see that this area also boasts long-term trendline convergence from the low 0.8230 (year 2000). However, with the weekly trend still firmly...
Weekly timeframe perspective: Like the Euro, the GBP was also very active last week. A 280-pip move south was seen from just below a recently broken weekly Quasimodo support (now resistance) line coming in at 1.5007, consequently engulfing the prior week’s candle and forcing Cable to close at 1.4630. As per the weekly timeframe, we believe further selling may be...
Weekly timeframe perspective: The Euro was incredibly active last week. A considerable 400-pip move south was seen from just below a major weekly swap level coming in at 1.1096, consequently engulfing the prior week’s candle and forcing the Euro to close at 1.0598. In the event that we see further selling this week, its likely prices will once again cross swords...
Weekly timeframe perspective: Along with the overall trend still firmly pointing north, buying pressure is being seen from deep within a small weekly decision-point demand area at 118.22-119.40. In the event that the buyers can continue with this tempo, it’s likely we’ll eventually see prices challenge the weekly Quasimodo resistance level seen at 122.18.
Daily...
Weekly timeframe perspective: The weekly timeframe shows that not only is the GBP in a freakishly steep downtrend at the moment, but price is also seen selling off from just below a recently broken weekly Quasimodo support (now resistance) line coming in at 1.5007. Therefore, for anyone considering buying this pair medium/long-term may want to consider the above...
Weekly timeframe perspective: The weekly timeframe shows that active selling is being seen from just below a major weekly swap level coming in at 1.1096. This, coupled with the fact the Euro is in a stonking great downtrend at the moment does not look good for anyone currently long this market.
Daily timeframe perspective: A decision has clearly been made on the...
Weekly timeframe perspective: Along with the overall trend still firmly pointing north, buying pressure is being seen from deep within a small weekly decision-point demand area at 118.22-119.40. In the event that the buyers can continue with this tempo, it’s likely we’ll eventually see prices challenge the weekly Quasimodo resistance level seen at 122.18.
Daily...
Weekly timeframe perspective: From the weekly timeframe, we can see that price has just recently pierced the top of a small weekly decision-point supply area at 1223.1-1202.6. This move has likely cleared the path north for further upside towards a weekly swap level coming in at 1251.0.
Daily timeframe perspective: It should come as no surprise when we tell you...
Weekly timeframe perspective: The weekly timeframe shows that the market ended the week closing around the underside of a small weekly decision-point supply area (1223.1-1202.6) at 1202.7. Could this possibly mean that the sellers have been weakened here? Let’s take a look on the lower timeframes to see what we can find…
Daily timeframe perspective: From this...
