Weekly Timeframe: The weekly timeframe shows that the EUR/USD is currently trading above last week’s close (1.1276). Assuming that the buyers continue to hold price above this level, there is a good chance that the market will hit a weekly supply area looming just above at 1.1678-1.1458.
Daily Timeframe: The daily timeframe on the other hand shows that for...
Weekly Timeframe: Recent events on the weekly timeframe show that price formed a nice-looking bullish pin-bar candle off of a weekly swap level seen at 1251.5. This came shortly after price broke above a weekly supply area coming in at 1296.3-1269.3. Could this mean a rally higher may be in store this week?
Daily Timeframe: The daily timeframe shows that the...
Weekly Timeframe: The weekly timeframe reveals that for the past two weeks corrective buying has been seen from a weekly swap area coming in at 0.8525-0.8274, which incidentally saw price recover nearly 50% of its value lost during the ‘black Thursday’ shock (Jan 15th). However, with price closing the week at 0.9197 just below a major weekly swap level at 0.9204,...
Weekly Timeframe: The trading picture on the weekly timeframe remains relatively unchanged. Buying interest is still being seen off of the weekly Quasimodo support level at 1.1109, while to the upside, potential resistance sits around a nice-looking weekly supply area seen at 1.1678-1.1458.
Daily Timeframe: The daily timeframe on the other hand shows that the...
Weekly Timeframe: The weekly timeframe currently shows that the market is heading southbound. In the event that the sellers continue with this tempo, we see very little stopping prices from hitting a weekly swap level coming in at 1240.2.
Daily Timeframe: The recent selling has consequently engulfed a daily decision-point demand area at 1271.9-1281.3, which...
Weekly Timeframe: The weekly timeframe shows that for seven consecutive weeks price has been teasing the ignored weekly Quasimodo level at 17135. Provided that the buyers can continue to hold the market above this barrier, our overall bias will remain long.
Daily Timeframe: Yesterday saw the DOW beautifully rebound from a daily demand area coming in at...
USD/CAD:
Weekly Timeframe: The weekly timeframe shows that the buyers conquered yet another key weekly swap level last week seen at 1.2260. This move has potentially opened the gates for prices to challenge a major weekly Quasimodo resistance level seen at 1.2765.
Daily Timeframe: Recent movements on the Loonie show that price broke above the daily supply area...
Weekly Timeframe: Current trading action on the weekly timeframe shows buying interest coming from a weekly Quasimodo support level at 1.1109. To the upside, we see potential resistance sitting around a nice-looking weekly supply area at 1.1678-1.1458.
Daily Timeframe: The rebound seen from the fresh daily demand area at 1.1045-1.1127 (surrounds the...
Weekly Timeframe: Last week’s trading action shows that price pushed above a weekly supply area at 1296.3-1269.3. This in turn leaves the weekly supply area seen at 1391.9-1328.0 clearly in the limelight for the time being.
Daily Timeframe: Yesterday’s sessions saw price react beautifully from a daily decision-point demand area coming in at 1271.9-1281.3. As...
Weekly Timeframe: The weekly timeframe shows that selling interest came into the market at 10853. As a result, this pushed prices south back down towards the recently broken weekly trendline support (prior resistance) formed from the high 7347 (14/02/11).
Daily Timeframe: Yesterday saw the market take back most of Monday’s gains as prices declined 187 points...
Weekly Timeframe: The weekly timeframe shows that the buyers conquered yet another key weekly swap level last week seen at 1.2260. This move has potentially opened the gates for prices to challenge a major weekly Quasimodo resistance level seen at 1.2765.
Daily Timeframe: Yesterday’s trading action shows that the sellers could be making a comeback, as prices...
Weekly Timeframe: Last week saw very little action on the USD/JPY pair, which as a result formed a weekly inside bar. Should traders take this as a valid bullish signal considering that price is currently hovering above a major swap level seen at 115.50?
Daily Timeframe: Little price movement on the daily timeframe has a resulted in the market remaining capped...
Weekly Timeframe: Last week shows that Gold broke above a weekly supply area at 1296.3-1269.3, which as a result leaves the weekly supply area seen at 1391.9-1328.0 clearly in the limelight for the time being.
Daily Timeframe: The daily timeframe shows that after price broke above the weekly supply area mentioned above at 1296.3-1269.3 on Tuesday; hesitation was...
Weekly Timeframe: The weekly timeframe shows that the buyers recently conquered yet another key weekly swap level seen at 1.2260 last week, forcing the market to close near its highs at 1.2412. This move has potentially opened the gates for prices to challenge a major weekly Quasimodo resistance level seen at 1.2765.
Daily Timeframe: Last week’s action saw the...
Weekly Timeframe: Last week was clearly a fantastic week for anyone short the Aussie Dollar, as the pair declined a cool 320 pips from the underside of a recently broken descending channel (limits can be found at 0.9556 – 21/10/13 … 0.8846 – 05/08/13). This move consequently saw price consume a weekly demand area at 0.8064-0.8460, and at the same time attack...
Weekly Timeframe: The EUR/USD weekly chart is almost too painful for the human eye. The ECB unveiled quantitative easing measures for the Eurozone on Thursday, consequently causing a further decline in value. The past three weeks have been quite dramatic with price consuming an ignored Quasimodo swap level at 1.1758, and also, more recently, a major weekly demand...
Weekly Timeframe: Last week shows that the rebound seen from the weekly decision-point demand area at 9126-9467 has recently extended higher and closed above a weekly resistance level seen at 10048. Providing that the buyers can hold out above 10048, we see very little reason why the DAX cannot continue higher.
Daily Timeframe: The daily timeframe shows that...
Weekly Timeframe: The USD/JPY pair continues to hover just above a major weekly swap level coming in at 115.50.
Daily Timeframe: The daily timeframe picture reveals that the upward momentum seen from the daily demand area at 115.55-116.38 may be diminishing, as price begins to stall just below a daily supply area seen at 119.95-119.14.
4hr Timeframe: Recent...
