Monthly Strong bullish activity in the last few months and we are currently sitting at a key level which I feel can be taken out. MAs up. Weekly We've broken 1.1925 two weeks ago and retested it staying firmly above on the weekly close last week as well a spike nearing the blue MA. This week we seem to be pushing back above this area. Daily The daily chart...
Monthly MAs upward facing with strong bullish price action for the last 2 months - breaking above 1300 per oz. Weekly Last 2 weeks very bullish with this week acting as a pullback before heading higher in my view. MAs also upward facing in alignment with monthly TF. Daily Clear higher highs and higher lows signalling a strong uptrend. Yesterday's candle...
Monthly Price has sustained above 130.00 and I believ we can push higher to 132.00 and possibly beyond. The last few months have been very bullish and the Euro has been strong in general. MAs are also upward facing. Weekly MAs are upward facing and last week we rejected our blue MA giving us some confidence that price is still looking to go higher. The 130.50...
Monthly MAs upward facing - we did have a spinning top and a stall at 1.9250 but we have continued to have bullish momentum. Weekly MAs again upward facing with lots of bullish momentum behind them. Although we did have a shooting start rejection last week, price seems to be continuing strong with a possible bullish engulfing candle at the end of this week...
Monthly Huge bullish candle last month clearing 0.7750 and 0.7925 with MAs both upward facing. Weekly Higher lows and higher highs on the weekly TF with MAs upward facing. Price reacting around weekly key area with long spikes at the bottom indicating buying pressure and a rejection off our MA. Daily Higher lows and higher highs again, in alignment with...
Monthly Huge rejection of 1.3000 key level with bearish engulfing this month. Last month we saw a hanging man. Price has ultimately brought us back below this level. Weekly Clear shooting star at the end of July followed by bearish activity after this. Another shooting star as we complete this week. MAs not yet crossed as reversal is in the works. Daily...
Monthly Spinning top last month after a huge bullish run since January 2016. This is the first time we've seen signals of price slowing down on this pair. Reactions off this key level of 1.9250. Weekly Last week's candle closed as a solid shooting star - price attempted to breach 1.9250 but failed to do so. The MAs on both the monthly and weekly are behind due...
Monthly The month so far has been quite bearish and price has pulled us back below 144.00 - a key area of resistance. Price has previously rejected this area with shooting stars and even though we did breach this zone, it could potentially prove to be a false breakout depending on how this month closes out. Last month we saw some indecision with a doji...
Monthly Extremely strong bullish month with price smashing through 2 key levels. MA also upward facing. Last month we saw a bullish engulfing taking out 3 months of prior bearish price action. Weekly Clear bullish price action with MA crossover to the upside. New highs expected to form at 0.8100. Daily Clear higher highs and higher lows signalling a strong...
Monthly Clear rejections off the 1.7500 level and since then, the last 2 months (including this one) have been bearish. MAs are downward facing. Weekly Price has successfully breached and closed below our weekly area of support at 1.6750 with MAs crossing over at the same time. Daily Clear lower highs and lower lows indicative of a clear downtrend. Clear...
Monthly After Brexit last year, the sterling stalled between 1.2000 and 1.2500 where it consolidated for many months. Only in April of this year did we start to regain some strength wit a strong bullish candle breaking and closing above our MA. We then hit a ceiling around 1.3000 with some fundamentals surrounding UK government elections. Last month we...
Monthly The last 3 months have produced strong bullish price action and we firmly closed above 128.00. MAs have also crossed to the upside for first time since February 2015. Clear upward momentum. Weekly Strong bullish weeks recently, again with a firm candlestick close above 128.00. Last week we saw some bearish price action, this however is a pullback as...
Monthly In may price rejected 0.7400 and has produced a strong bullish engulfing candle in June taking out 3 months prior bearish price action. This pair has historically rejected 0.7750 numerous times but I believe we can head up for another test. MAs are upward facing. Weekly Again, last few weeks have been bullish with MAs crossing over to the upside. We...
Monthly As the month comes nearer to an end, there is clear rejection just shy of the $1300 per oz level. Not only have be been bearish this month with a long upper wick, signifying selling pressure, we have nearly completed an evening star. In April, we also saw a shooting star formation. Weekly 4 weeks ago we saw a strong bearish shooting star and the...
Monthly Strong bullish monthly close in May and this month as we approach the end, price has not been able to sustain itself below 124.00. Weekly 2 pin-formation nearing completion coupled with ling spikes piercing the MA showing some buying pressure. Also, hammer candlestick close last week above 124.00. MAs upward facing. Daily Consolidation and...
Monthly On the monthly TF, we can see that price has rejected 1.3000 with a spinning top indicating indecision last month. This month, we've seen some bearish momentum, predominately from fundamental movements pushing us down and potentially forming an evening star if we can close at least 60% into April's candle. Weekly 4 weeks ago we had a strong bearish...
Monthly May closed with strong bullish momentum and this pair still has more room to the upside. Weekly Last week we saw a bearish weekly close however our MAs are still upward facing - this is the result of a deep pullbacl highlighted in the lower time frames. Daily Clear higher lows and higher highs on the daily TF. Our MAs are also upward facing, in...