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 on the other hand shows that ever since the 06/11/2014, price has been ranging between smaller daily supply and...
Weekly Timeframe: In all honesty, we did not expect there to be that much selling interest around the weekly support swap level at 1202.91, clearly there was, as price broke below the previous week’s low seen at 1174.96. As per this timeframe, the buyers and sellers are currently trapped between 1202.91 and a weekly decision-point demand level coming in at...
Weekly Timeframe: The weekly timeframe shows that the buyers have been well and truly in control for the past two weeks, which has consequently forced price to close (9969) just below an all-time high seen at 10048. A break above here would likely attract further buying, which in turn would see the DAX continue on its near three-year uptrend.
Daily Timeframe: The...
Weekly Timeframe: From the 03/11/14 – 17/11/14 price was showing bearish activity from the weekly supply area coming in at 1.18061-1.14739. It was only until last week that the buyers stepped in and rather aggressively bought the U.S Dollar, which consequently forced the market to close near its high (1.14431) at 1.14119. Let’s see what the lower timeframes have...
Weekly Timeframe: Things were looking fantastic for the pound at the beginning of the week as the buyers were holding prices nicely above 1.57166, where at which point we were expecting price to hit 1.58934, a weekly support swap level. However, mid-week trading saw aggressive selling enter the market which as a result formed an inverted hanging-man candle. This...
Weekly Timeframe: The weekly timeframe shows that price has been, and still remains to be consolidating between a weekly resistance level seen at 0.80328, and a major weekly demand area coming in at 0.76931-0.78623.
Daily Timeframe: The situation on the daily timeframe shows that the buyers are currently holding above an ignored daily supply area coming in at...
Weekly Timeframe: This week has shown that the buyers broke above a weekly resistance swap level coming in at 1.57166, but nonetheless seems to have found selling opposition around 1.58246. Let’s take a look on the lower timeframes to see what we can find.
Daily Timeframe: The reason for the selling pressure likely comes down to a daily supply area seen at...
Weekly Timeframe: The weekly timeframe shows that price has been effectively trapped 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 for the past three weeks now.
Daily Timeframe: The daily timeframe shows the same as the weekly timeframe, only in more detail. Price is...
Weekly Timeframe: The weekly timeframe shows that further buying was seen last week. This move gave us further cause to believe that the 1136.30 level is a solid area of demand. To the upside, there seems to be very little resistance in the way that could stop prices challenging 1244.08 again.
Daily Timeframe: The current situation on the daily timeframe clearly...
Weekly Timeframe: The weekly timeframe shows that the buyers are currently overpowering any selling opposition seen around the major combined weekly demand/Quasimodo support area (1.22403-1.24420/1.22866) at the moment. Assuming that the buyers do not lose their enthusiasm here, a test of a weekly support swap level at 1.25816 could be on the cards.
Daily...
Weekly Timeframe: For the past three weeks now, price has been stalling around a weekly supply area coming in at 0.98378-0.96993. In the event that active sellers enter the market here, we see very little stopping prices from declining down to at least 0.94546, a weekly resistance flip level.
Daily Timeframe: The current situation on the daily timeframe shows...
Weekly Timeframe: Three weeks ago, selling interest came into the market a few pips below a major weekly supply area seen at 1.18061-1.14739, consequently encouraging follow-through selling. As per this timeframe, it appears the path south is potentially clear down to at least 1.09394, since we believe most of the near-term demand has already likely been consumed...
Weekly Timeframe: The weekly timeframe is currently showing that the buyers and sellers are battling it out around a major combined weekly demand/Quasimodo support area at 1.22403-1.24420/1.22866. In the event that the buyers outweigh the sellers here, prices will likely rally higher and test a weekly support swap level coming in at 1.25816.
Daily Timeframe: The...
Weekly Timeframe: The weekly timeframe shows that price had extended higher last week, which as a result will likely add confidence to the buying strength currently being seen off of the weekly decision-point demand level at 1136.30. At the time of writing, there seems to be very little resistance in the way that could stop prices challenging 1244.08 again. Let’s...
Weekly Timeframe: Three weeks ago, selling interest came into the market a few pips below a major weekly supply area coming in at 1.18061-1.14739, consequently encouraging follow-through selling. As per this timeframe, it appears the path south is potentially clear down to at least 1.09394, since we believe most of the near-term demand has already likely been...
Weekly Timeframe: Last week saw the USD/JPY pair advance to a fresh high of 118.968 as price continued on its relentless march north. This move consequently spiked above a major weekly supply area coming in at 117.931-116.799. Was this spike a fakeout to gather liquidity for lower prices, or a continuation move for a rally higher? Let’s see what we can find on the...
Weekly Timeframe: The weekly timeframe is currently showing that the buyers and sellers are battling it out within a major combined weekly demand/Quasimodo support area at 1.22403-1.24420/1.22866. In the event that the buyers outweigh the sellers here, prices will likely rally higher and test a weekly support swap level coming in at 1.25816.
Daily Timeframe: The...
Weekly Timeframe: Last week saw the USD/JPY pair advance to a fresh high of 118.968 as price continued to rally. This move consequently spiked above a major weekly supply area coming in at 117.931-116.799. Was this spike a fakeout to gather liquidity for lower prices, or a continuation move for a rally higher? Hopefully the lower timeframes can help.
Daily...
