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 shows that the buyers once again remained in control. However, at this point in time, selling interest is currently being seen from 17972.
Daily Timeframe: The daily...
Weekly Timeframe: The weekly timeframe is currently showing selling activity just below a major weekly Quasimodo resistance level seen at 112.180. Let’s take a look on the lower timeframes to see what we can find.
Daily Timeframe: Friday’s NFP madness saw the USD rally a little fewer than 200 pips up to a daily supply area coming in at 122.610-121.540...
Weekly Timeframe: It has been a very exciting weak for the sellers, as the Euro saw a 230-pip decline. This consequently saw the market close (1.22849) within a major weekly Quasimodo support area coming in at 1.22403-1.22942. Could this be enough to trigger a reversal?
Daily Timeframe: The daily demand area seen at 1.22877-1.23809 has seen a positive close...
Weekly Timeframe: Last week shows that the buyers and sellers were seen battling it out between a weekly decision-point demand level at 1136.30, and a weekly support swap level coming in at 1202.91. A break above would likely attract further buying towards yet another weekly support swap level at 1244.08. Likewise, a break below could force the market to test...
Weekly Timeframe: For the past six weeks the USD/JPY pair has been on fire. During that time, price has obliterated two major weekly supply areas (114.650-112.530/117.931-116.799). Last week’s trading action saw the USD rally a little over 380 pips, which resulted in the market closing at 121.439, just under a major a weekly Quasimodo resistance level seen at...
Weekly Timeframe: The weekly timeframe shows that the buyers have well and truly been in control for the past two weeks now. This consequently forced price to trade around an all-time high seen at 10048, where at the time of writing a little selling interest is being seen. A break above here would likely attract further buying, resulting in the DAX continuing on...
Weekly Timeframe: Further buying is indeed being seen on the USD/JPY pair. This comes after price positively closing above a major weekly supply area at 117.931-116.799 last week. Does this mean we could be seeing further buying up to a weekly Quasimodo resistance level seen at 122.180 in the near future? Let’s take a look on the lower timeframes to see how price...
Weekly Timeframe: The weekly timeframe shows that price has hit a major weekly demand area coming in at 0.80646-0.84601 with little to no interest currently being seen by the buyers. Let’s see what the lower-timeframes have to say about this.
Daily Timeframe: Further selling was once again seen on the Aussie yesterday forcing prices to print a fresh low of...
Weekly Timeframe: The DOW has been trading beautifully within a nice-looking trending channel for over five years now. The recently closed weekly candle shows that the upward momentum may be fading, as price failed to make a higher high which as a result formed a weekly inside candle. Let’s take a look on the lower timeframes to see what we can find.
Daily...
Weekly Timeframe: The weekly timeframe shows that the buyers have well and truly been in control for the past two weeks now. This has consequently forced price up to an all-time high seen at 10048, where at the time of writing, a little selling interest has been seen. A break above here would likely attract further buying, resulting in the DAX continuing on its...
Weekly Timeframe: Further buying is indeed being seen on the USD/JPY pair. This comes after price positively closing above a major weekly supply area at 117.931-116.799 last week. Does this mean we could be seeing further buying up to a weekly Quasimodo resistance level seen at 122.180? Let’s take a look on the lower timeframes to see how price is...
Weekly Timeframe: For the past two weeks, the GBP/USD has seen rather cramped trading conditions. The buyers and sellers are currently battling for position in between a nice-looking weekly demand area coming in at 1.54260-1.56110, and a weekly resistance swap level seen at 1.57166.
Daily Timeframe: The daily timeframe shows that there are two prominent areas of...
Weekly Timeframe: Serious buying has recently been seen in the Gold markets, prices skyrocketed north from a weekly decision-point demand level coming in at 1136.30 towards a weekly swap level seen at 1202.91. Assuming that the buyers can overcome any selling opposition around here, price will likely continue to rally until it reaches another weekly swap level...
Weekly Timeframe: The weekly timeframe currently shows that price is stalling, with no real decision being made by either the buyers or sellers yet, as price is currently dancing just below a major weekly supply area coming in at 1.18061-1.14739.
Daily Timeframe: The daily timeframe represents what we believe to be a nice-looking three-drive pattern – 1st drive...
Weekly Timeframe: Further buying is indeed being seen on the USD/JPY pair. This comes after price positively closing above a major weekly supply area at 117.931-116.799 last week. Does this mean we could possibly be seeing further buying up to a weekly Quasimodo resistance level seen at 122.180? Let’s take a look on the lower timeframes to see how price is...
Weekly Timeframe: For the past four weeks now price has been trading in between a major combined weekly demand/Quasimodo support area at 1.22403-1.24420/1.22866, and a weekly support swap level coming in at 1.25816.
Daily Timeframe: The daily timeframe shows that price is ranging between smaller daily supply and demand zones (1.26386-1.25459/1.22877-1.23809)...
Weekly Timeframe: Serious buying has recently been seen in the Gold markets, as prices skyrocketed north from a weekly decision-point demand level coming in at 1136.30 towards a weekly swap level seen at 1202.91. Assuming that the buyers can overcome any selling opposition around here, price will likely continue to rally until it reaches another weekly swap level...
Weekly Timeframe: At the time of writing, selling is once again being seen around the long-term weekly supply area coming in at 1.18061-1.14739. Let’s see what the lower timeframes have to say about this.
Daily Timeframe: The daily timeframe shows that the selling pressure around the 1.14655 high was clearly too strong for the buyers to overcome, and as a result...
