Weekly Timeframe: The rebound from the weekly support flip level at 1244.08 appears to be extending lower at the moment. Assuming this selling continues, there is a possibility that price could trade back down towards a weekly demand area coming in at 1156.70-1195.45.
Daily Timeframe: The daily timeframe shows that price has retested the 1235.54 level as...
Weekly Timeframe: For the past few weeks price has been trading around a weekly demand area coming in at 1.58533-1.60157. There has been some buying interest seen here, but nothing to get excited about. A break below here would likely attract further selling down to a weekly resistance flip level seen at 1.57166.
Daily Timeframe: The daily timeframe shows just...
Weekly Timeframe: The weekly timeframe shows that buying interest is being seen off of a minor weekly demand area coming in at 1.24996-1.26262. However, going long here is not something we’d consider since there is a huge weekly support flip level looming just above at 1.27541.
Daily Timeframe: At the time of writing, price seems to be standing strong on a minor...
Weekly Timeframe: Price is once again seen trading around a huge weekly demand area coming in at 0.76931-0.78623. We have to be honest here, considering only the weekly timeframe for a minute; we would be very worried if we were buyers, as this demand area is not exactly showing any bullish strength at the moment.
Daily Timeframe: The daily timeframe shows that...
Weekly Timeframe: Last week shows that the buyers were unable to close above the 1.12775 high. Be that as it may, we still feel that the majority of sellers here were well and truly consumed with that humongous wick coming in at 1.13842, and as a result there is a good chance higher prices could still be seen.
Daily Timeframe: The daily timeframe shows that even...
Weekly Timeframe: Price is once again seen trading around a huge weekly demand area coming in at 0.76931-0.78623. We have to be honest here, considering only the weekly timeframe for a minute; we would be very worried if we were buyers, as this demand area is not exactly showing any bullish strength at the moment.
Daily Timeframe: The daily timeframe shows that...
Weekly Timeframe: The weekly timeframe shows that price is currently heading south, as selling interest came into the market around the 1.28393 level, just below a strong-looking weekly supply area seen at 1.29941-1.28583.
Daily Timeframe: The Euro continues to lose ground as prices took yet another tumble yesterday. This consequently saw the small daily...
Weekly Timeframe: Last week started off looking very positive with serious buying interest being seen out of a weekly demand area at 0.76931-0.78623. However, this was quickly brought to a halt when sellers came into the market around the 0.80328 weekly resistance level. At this point in time, we see very little on the weekly timeframe in terms of future...
Weekly Timeframe: The rebound from the weekly demand area seen at 1.58533-1.60157 extended north recently to a fresh high of 1.61833, where at which point selling interest has come into the market. Let’s see what the lower timeframes have to say.
Daily Timeframe: The daily supply area at 1.61255-1.60498 has been well and truly consumed, and as a consequence has...
Weekly Timeframe: The weekly timeframe shows that price is currently heading south, as selling interest came into the market around the 1.28393 level, just below a strong-looking weekly supply area seen at 1.29941-1.28583.
Daily Timeframe: In the previous analysis, it was mentioned that price was confined to trading between a small daily resistance flip level...
Weekly Timeframe: The rebound from the weekly demand area at 1156.70-1194.45 extended higher last week up to a weekly support flip level coming in at 1244.08. At this point in time, there appears to be very little selling interest seen around this level. Does this mean higher prices will follow? Let’s see what we can find on the lower timeframes.
Daily Timeframe:...
Weekly Timeframe: Last week saw the market react beautifully off of a weekly resistance flip level coming in at 105.432. Is this level really enough to put a halt on the selling that was recently seen out of the weekly supply area above at 110.625-108.123? Let’s see what the lower timeframe have to say.
Daily Timeframe: The daily timeframe shows that selling...
Weekly Timeframe: The EUR/USD is in a very tricky spot at the moment. We can all see price seems to be holding above the weekly support flip level seen at 1.27541. Be that as it may, going long here would not be wise in our opinion as a strong-looking weekly supply area at 1.29941-1.28583 is seen looming just above like a big-black rain cloud!
Daily Timeframe:...
Weekly Timeframe: Last week started off looking so positive with serious buying interest being seen out of a weekly demand area at 0.76931-0.78623. However, this was quickly brought to a halt when sellers came into the market around the 0.80328 weekly resistance level. At this point in time, we see very little on the weekly timeframe in terms of future direction...
Weekly Timeframe: The weekly timeframe shows that buying interest is being seen off of weekly resistance flip level at 105.432. Is this level really enough to put a halt on the selling that was recently seen out of the weekly supply area above at 110.625-108.123?
Daily Timeframe: We can see that the weekly resistance flip level mentioned above at 105.432 is...
Weekly Timeframe: Further buying has recently been seen on the weekly timeframe, which consequently pushed prices up to a weekly support flip level coming in at 1244.08.
Daily Timeframe: The daily timeframe shows that the if selling interest comes into the market around the aforementioned weekly support flip level, there is very little stopping price from...
Weekly Timeframe: The weekly timeframe shows that the poor US data announced yesterday likely fuelled further selling out of a weekly supply area seen at 110.652-108.123. As a consequence, this move has brought price down to a weekly resistance flip level coming in at 105.432.
Daily Timeframe: For anyone who follows our analysis regularly, you may recall us...
Weekly Timeframe: Strong buying has been seen on the Euro, and as a result saw price aggressively break above the weekly support flip level (1.27541) into a strong-looking weekly supply area at 1.29941-1.28583.
Daily Timeframe: The daily timeframe shows that price is currently trading within a small daily supply area seen at 1.29001-1.28453 (located within the...
