Weekly timeframe perspective: The USD/JPY pair ended the week closing (118.91) deep within a small weekly decision-point demand area at 118.22-119.40, consequently forming a bearish pin bar candle in the process. In the event that price breaks below this area this week, we may see price attack the low 116.86, or even the major weekly swap level seen just below it...
Weekly timeframe perspective: The Euro pair may well have ended the week closing positively at 1.0966, but let’s not forget that price has been and still is trading only a stone’s throw away from a major weekly swap (resistance) level coming in at 1.1096. In the event that price manages to get above this barrier this week, further upside will likely be seen...
Weekly timeframe perspective: The upward momentum from the weekly demand area at 1.0333-1.0502 seems to be crumbling, as active sellers appear to be entering the market just below a major weekly swap level coming in at 1.1096.
Daily timeframe perspective: From the daily timeframe, we can see that the sellers have so far managed to maintain a position below the...
Weekly timeframe perspective: The situation on the weekly chart shows that price was driven deep into a small weekly decision-point supply area coming in at 1223.1-1202.6 last week. This move has clearly attracted sellers into the market.
Daily timeframe perspective: Yesterday’s daily session saw the Gold market sell off, which as a result, forced price to...
Weekly timeframe perspective: From the weekly timeframe, we can clearly see that active buyers have entered the market from within a small weekly decision-point demand area coming in at 118.22-119.40.
Daily timeframe perspective: The rebound seen from the minor daily support level at 118.32 on Thursday last week, extended higher yesterday. As long as the buyers...
Weekly timeframe perspective: From this angle, the upward momentum from weekly demand at 1.0333-1.0502 seems to be crumbling, as weekly rejection wicks are being seen forty or so pips from below a major weekly swap (resistance) level at 1.1096, which could encourage further downside in the market. Let’s see what we can find on the lower timeframes…
Daily...
Weekly timeframe perspective: From the weekly timeframe, we can see that price has been driven deep into a minor weekly decision-point demand area coming in at 118.22-119.40. If the buyers manage to maintain their position within this zone, we may see price attack the weekly Quasimodo resistance level at 122.18.
Daily timeframe perspective: The daily timeframe...
Weekly timeframe perspective: At the time of writing, price is seen teasing a minor weekly decision-point demand area coming in at 118.22-119.40. If price can hold out above this zone, we then feel there’s a very good chance that the buyers will attack the weekly Quasimodo resistance level seen at 122.18.
Daily timeframe perspective: From this timeframe, we can...
Weekly timeframe perspective: Last week saw the Euro form a bullish engulfing candle a few pips from above the long-term weekly swap (support) level coming in at 1.0411. In the event that this attracts further buyers into the market (which at the moment it looks as though it is), price will very likely be drawn to the weekly swap (resistance) level seen at...
Weekly timeframe perspective: At the time of writing, price is seen teasing a minor weekly decision-point demand area coming in at 118.22-119.40. If price can hold out above this zone, we then feel there’s a very good chance that the buyers will attack the weekly Quasimodo resistance level seen above at 122.18.
Daily timeframe perspective: From this angle, we can...
Weekly timeframe perspective: The current situation on the weekly chart shows price lingering just below a weekly Quasimodo resistance (prior support) level seen at 1.5007. Further downside from here could see price drop as far as the major weekly demand area coming in at 1.4225-1.4482.
Daily timeframe perspective: From here, we can see that price is currently...
Weekly timeframe perspective: Last week shows that selling was seen on the USD/JPY pair, which as a consequence forced price down towards a minor weekly decision-point demand area coming in at 118.22-119.40. If price can hold out above this level, we then feel there’s a very good chance that the buyers will attack the weekly Quasimodo resistance level seen above...
Weekly timeframe perspective: Last week’s action saw price form a bullish engulfing candle a few pips from above the long-term weekly swap level coming in at 1.0411. However, last week’s close 1.0813 was unable to close above the prior week’s opening line at 1.0828, thus leaving us unsure to the validity of this candle pattern.
Nevertheless, if further buying is...
Weekly timeframe perspective: Clear buying interest came into the market last week from just above a weekly decision-point demand level at 1136.3. Consequent to this, as you can probably see, price formed quite a nice-looking weekly bullish engulfing pattern. Let’s take a look at what the lower timeframes think…
Daly timeframe perspective: The daily timeframe on...
Weekly Timeframe: Buying interest has recently been seen on the weekly timeframe coming in from just above the weekly decision-point demand level at 1136.3.
Daily Timeframe: The recent ascent on Gold has pushed price up to 1170.5, an ignored daily Quasimodo line. In the event that price closes above this hurdle today, this will likely clear the path north for...
Weekly Timeframe: Supportive pressure continues to be seen on the weekly timeframe from a small, yet clearly reactive weekly decision-point demand area at 118.22-119.40. In the event that further buying is seen on the basis of this support, we’ll likely see price shake hands with a major weekly Quasimodo resistance level coming in just above at 122.18.
Daily...
Weekly Timeframe: Buying interest has recently been seen on the weekly timeframe coming from within a stone’s throw away from the weekly decision-point demand level at 1136.3.
Daily Timeframe: The recent ascent on Gold has pushed price up to 1170.5, an ignored daily Quasimodo line. In the event that price closes above this hurdle today, this will likely clear...
Weekly Timeframe: The weekly timeframe shows that price closed below a weekly demand area at 1166.8-1195.0 last week. Assuming that the sellers can hold out below this zone, we feel there’s a good chance that further downside will be seen towards the weekly decision-point demand level coming in at 1136.3.
Daily Timeframe: Following the pin-bar retest of the...
