Weekly Timeframe: Last week saw sterling strongly close above a weekly swap level seen at 1.5270. Assuming that the buyers can hold the market above this level, we then feel there’s a good chance that price will likely test the weekly supply area seen at 1.5784-1.5541.
Daily Timeframe: Yesterday saw selling interest come into the market around a daily swap level...
Weekly Timeframe: The weekly timeframe shows price is currently trading between a weekly supply area coming in at 1.1678-1.1458, and a weekly Quasimodo support level at 1.1109. Nevertheless, much of the recent trading action has been seen taking place a little below the aforementioned weekly supply area.
Daily Timeframe: Further selling was seen yesterday from...
Weekly Timeframe: Last week saw Gold print an indecision candle just above a weekly swap level located at 1222.2. If buying strength is seen from this level, watch for the weekly swap level seen just above at 1251.5 to potentially repel the market. A break below 1222.2 on the other hand would likely open the doors to further downside towards a weekly demand area...
Weekly Timeframe: Last week saw the market print a nice-looking bearish pin bar candle near the upper limits of a compressed symmetrical triangle. All of this has formed in between a major weekly swap level seen at 115.50 and a weekly Quasimodo resistance level visible at 122.18.
Daily Timeframe: Following Wednesday’s break of the daily supply area seen at...
Weekly Timeframe: The situation on the weekly timeframe shows that sterling has strongly broke above a weekly swap level seen at 1.5270. This move has likely opened the gates for further upside towards a weekly supply area visible at 1.5784-1.5541.
Daily Timeframe: Yesterday was clearly a good day for anyone long sterling, as price closed above the aforementioned...
Weekly Timeframe: The weekly timeframe shows that the buyers and sellers continue to trade between a weekly supply area coming in at 1.1678-1.1458, and a weekly Quasimodo support level seen at 1.1109. Nevertheless, at this point in time, buying and selling is taking part closer to the aforementioned weekly supply barrier.
Daily Timeframe: After a lackluster...
Weekly Timeframe: The weekly timeframe shows that Gold has dipped below the weekly swap level seen at 1222.2, which may have opened the gates for further downside towards a weekly demand area coming in at 1166.8-1195.0.
Daily Timeframe: Yesterday’s trading action on the daily timeframe saw Gold sell off and close below a significant daily decision-point demand...
Weekly Timeframe: Last week shows price rebounded strongly from the ignored weekly Quasimodo level coming in at 17135. In the event that further buying is seen this week, we feel there’s a very good chance that price will attack the overall high seen at 18098.
Daily Timeframe: Yesterday was clearly a good day for anyone long the DOW, as price rallied north and...
Weekly Timeframe: With regards to the weekly timeframe, as long as price continues to trade above the weekly swap level at 115.50, our overall bias on the USD/JPY pair will remain long. To the upside, we do not see any ‘heavy’ resistance coming into the market until the price reaches 122.18.
Daily Timeframe: The daily timeframe on the other hand shows that price...
Weekly Timeframe: Last week shows price rebounded strongly from the ignored weekly Quasimodo level coming in at 17135. In the event that further buying is seen this week, we feel there’s a very good chance that price will attack the overall high seen at 18098.
Daily Timeframe: Yesterday saw the market decline in value. There was clearly strong selling opposition...
Weekly Timeframe: With regards to the weekly timeframe, as long as price continues to trade above the weekly swap level at 115.50, our overall bias on the USD/JPY pair will remain long. To the upside, we do not see any ‘heavy’ resistance coming into the market until the price reaches 122.18.
Daily Timeframe: The daily timeframe on the other hand shows price is...
Weekly Timeframe: Last week saw Gold decrease in value as price closed below a relatively important weekly swap level seen at 1251.5. This move was likely fuelled by positive U.S employment data released on Friday. Consequent to price breaking lower here, one should refrain from getting too excited since potential weekly support is seen coming in just below at...
Weekly Timeframe: Last week saw strong buying from the weekly Quasimodo support level at 1.5007 (located within weekly demand at 1.4812-1.5097). This consequently forced the market to attack a weekly swap level coming in at 1.5270. Selling opposition was clearly too strong on this occasion as the market closed just below this level at 1.5233. It will be...
Weekly Timeframe: Last week began relatively strong as the Euro forced the Dollar into a weekly supply area coming in at 1.1678-1.1458. Despite this, weakness began to be seen once the NFP reported that employment numbers were stronger than expected, and thus caused the Euro to sell off forming a strong selling wick into the close (1.1312).
Daily Timeframe: Last...
Weekly Timeframe: Recent developments on the weekly timeframe show that price is heading back down towards the weekly swap level seen at 1251.5 following a clear break above weekly supply at 1296.3-1269.3.
Daily Timeframe: The daily timeframe shows that the buyers and sellers are currently pulling for position in between a daily decision-point supply area seen...
Weekly Timeframe: The weekly timeframe shows price remains hovering above a major weekly swap level (115.50) at the moment, as long as price continues to trade above here, our bias will remain bullish.
Daily Timeframe: Little price movement on the daily timeframe has resulted in the market forming what looks to be a bullish continuation flag. Overall though, the...
Weekly Timeframe: The weekly timeframe shows price is currently hovering above a major weekly swap level (115.50) at the moment. As long as price continues to trade above here, our sentiment for this pair will remain bullish.
Daily Timeframe: Little price movement on the daily timeframe has resulted in the market forming what looks to be a bullish continuation...
Weekly Timeframe: The rebound seen from the weekly Quasimodo support level at 1.1109 has recently extended higher into a weekly supply area coming in at 1.1678-1.1458.
Daily Timeframe: Yesterday’s trading action caused the Euro to break above the daily swap level at 1.1378, and rally towards a compact daily decision-point supply area seen at 1.1678-1.1540...
