Weekly Timeframe: A positive close above a weekly Quasimodo resistance level coming in at 1.12231 was seen last week, and at the time of writing, price is currently retesting this level as potential support. Assuming this level holds, a possible rally could ensue all the way up to a weekly supply area seen at 1.17225-1.15417.
Daily Timeframe: For the weekly...
Weekly Timeframe: The weekly timeframe shows price is currently trading within a monster weekly demand area at 0.76931-0.78623. Does this mean we should be preparing ourselves for a rally in price?
Daily Timeframe: Last week showed there was clear buying interest around the daily demand area at 0.77507-0.77772. Be that as it may, the only way in our opinion to...
Weekly Timeframe: The weekly timeframe shows price has now entered a long-term weekly demand area seen at 1156.70-1194.45. According to the weekly candle the sellers had taken overall control last week as price closed the week at new lows (1190.85). Our first thought, from looking only at the weekly timeframe is to go long, however let’s see what the lower...
Weekly Timeframe: Things may be looking up for the buyers on this pair! A nice-looking buying tail is currently forming within weekly demand at 0.86591-0.88247. It will be interesting to see what the lower timeframes have to say about this.
Daily Timeframe: Very beautiful indeed! The daily timeframe shows price has successfully closed above the 0.87556 level,...
Weekly Timeframe: Things may be looking up for the buyers on this pair! A nice-looking buying tail is currently forming within weekly demand at 0.86591-0.88247. It will be interesting to see what the lower timeframes have to say about this.
Daily Timeframe: Very beautiful indeed! The daily timeframe shows price has successfully closed above the 0.87556 level,...
Weekly Timeframe: Two weeks ago, a to-the-pip reaction was seen off of a weekly decision-point (supply) area at 1.66429-1.65340. Assuming further selling is seen, it is very likely price could hit the weekly demand area at 1.58533-1.60157 sometime soon.
Daily Timeframe: The daily time frame shows that price has very nearly hit a daily demand area seen at...
Weekly Timeframe: The weekly timeframe shows selling interest is beginning to come into the market within weekly supply at 110.652-108.123. Assuming follow-through selling is seen, we can likely expect price to test the 105.432 level (Resistance swap level) sometime in the near the future, since the path south appears to be clear of any obstacles (demand) on this...
Weekly Timeframe: A break below a major weekly (demand) ‘buy zone’ area at 1.26591-1.28010 has recently been seen. Will this encourage further selling down towards the combined weekly demand/Quasimodo support area at 1.22403-1.24420/1.22866?
Daily Timeframe: The daily timeframe shows two ‘buying tails’ have formed just above the 1.25618 level. However, at this...
Weekly Timeframe: At the time of writing, current trading action shows price reacting off of a weekly Quasimodo resistance level at 1.12231. Will follow-through selling be seen here, or will the buyers push prices higher? Only time will tell!
Daily Timeframe: The bearish reaction currently being seen at the weekly Quasimodo resistance level (level above) is not...
Weekly Timeframe: The weekly timeframe shows price is currently trading between a weekly support flip level at 1244.08, and a weekly demand area seen below at 1156.70-1194.45, with no attempt to break out seen just yet.
Daily Timeframe: Some development has finally been seen on Gold! A positive daily close below the 1211.67 level has been seen. This could...
Weekly Timeframe: The weekly timeframe shows price is currently pushing deeper into the weekly supply area seen at 110.652-108.123. Assuming selling interest comes into the market here, we can likely expect price to test the 105.432 area (Resistance swap level) sometime in the near the future, since the path south appears to be clear of any obstacles (demand) on...
Weekly Timeframe: Things may be looking up for the buyers on this pair! A nice-looking buying tail is currently forming within weekly demand at 0.86591-0.88247. It will be interesting to see what the lower timeframes have to say about this.
Daily Timeframe: The daily timeframe however is not so positive. The present buying seen on the weekly timeframe has pushed...
Weekly Timeframe: The weekly timeframe shows that price is currently trading around a weekly supply area seen at 0.98378-0.95895. Could this area be enough to break down the current buying onslaught that has been seen over the past several weeks?
Daily Timeframe: The buyer’s energy is clearly shown on the daily timeframe, and for the time being are certainly not...
Weekly Timeframe: At the time of writing, the buyers and sellers are seen trading between a weekly decision-point support level at 1.08774, and a weekly Quasimodo resistance level at 1.12231. A break above this resistance level could potentially see prices trading up to a weekly supply area seen at 1.17225-1.15417, and conversely, a break below the decision-point...
Weekly Timeframe: The weekly timeframe shows price is currently trading between a weekly support flip level at 1244.08, and a weekly demand area seen below at 1156.70-1194.45, with no attempt to break out seen just yet.
Daily Timeframe: The daily timeframe also shows price is currently trading between a daily decision-point supply area at 1241.95-1235.34, and a...
Weekly Timeframe: Weakness is currently being seen within weekly supply seen at 110.652-108.123 at the moment. Assuming selling interest comes into the market here, we can likely expect price to test the 105.432 area (Resistance swap level) sometime in the near the future.
Daily Timeframe: The daily timeframe shows the market has clearly found support around the...
Weekly Timeframe: At the time of writing, price is trading very deep within a weekly (demand) ‘buy zone’ at 1.26591-1.28010 with very little buying interest being seen at the moment. A close below here would likely attract further selling down towards a combined weekly demand/Quasimodo support area at 1.22403-1.24420/1.22866.
Daily Timeframe: The daily timeframe...
Weekly Timeframe: Last week saw the EUR/GBP pair close relatively deep within a weekly demand area (0.76931-0.78623) at 0.78055, as the sellers relentless assault continued. Could we see buying interest come into the market here, or is this area doomed to receive even more punishment this week, and possibly the next?
Daily Timeframe: The daily timeframe shows a...
