For the readers’ benefit:

Price action confirmation: Simply means traders will likely wait for price action to confirm a level by consuming an opposing supply or demand area, then entering a trade on a possible retracement, this may occur on the lower timeframes also.

Pending orders: means pending orders are likely seen.


EUR/USD:

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly timeframe: Price is now firmly trading within weekly demand at 1.32940-1.34847 with buyers showing very little interest at the moment.
  • Daily timeframe: The daily demand area at 1.33984-1.34397 has now been well and truly consumed. The sellers have made an attempt towards the daily area of interest at 1.33559, and have so far reacted bullishly. Price now remains capped between the aforementioned daily area of interest and a small daily supply area above at 1.34433-1.34202. A break above this area could very well prove some buying strength exists around the weekly demand area (see above).

A strong push below and a retest of the round number 1.34 has been seen. Medium-term bias for us is still very much short, price can drop a lot further than this as there is relatively little demand (take a look to the far left of current price action, check out those wicks that most likely consumed the buyers as price rallied higher) in the way down to around the 1.32758 level.

Price is currently seen reacting off of the round number and appears slightly bearish at this point in time, we cannot however rule out a break above this round number up to at least the 4hr decision-point at 1.34428-1.34305, and with some buying strength, even the 4hr D/S flip area at 1.34760-1.34943. A push higher could be seen due to liquidity requirements for pro money sellers, they will need all the buy orders they can lay their hands on to get prices down to the 1.32758 level just mentioned.

Therefore, we will be watching the following 4hr areas for a bearish reaction (1.34428-1.34305…. 1.34760-1.34943).

Pending/P.A confirmation orders:

  • No pending buy orders (Green line) are seen in the current market environment.
  • No P.A confirmation buy orders (Red line) are seen in the current market environment.
  • The pending sell order (Green line) set just below a decision-point area (1.35286-1.35211) at 1.35194 has been removed, price too far the entry level.
  • Pending sell orders (Green line) are seen just below the D/S flip area (1.34760-1.34943) at 1.34753.The reasoning behind setting a pending sell order here was because this is the area we believe on this timeframe pro money sellers made the decision to push prices south into (what was at the time) 4hr demand at 1.33984-1.34404, meaning there may well be unfilled sell orders still lurking there.
  • Pending sell orders (Green line) are seen just below a decision-point area (1.34428-1.34305) at 1.34266. The reasoning behind placing a pending sell order here is because this was the likely area pro money made the decision to break below (what was at the time) 4hr demand at 1.33984-1.34404, meaning there may well be unfilled sell orders still lurking there.
  • No P.A confirmation sell orders (Red line) are seen in the current market environment.

EURUSD 4HR

Quick Recap:

A strong push below the round number 1.34 was seen, and then was later retested. We still expect lower prices down to around the 1.32758 area, but are very prepared for a rally to happen to either 4hr supply areas above (1.34428-1.34305….1..34760-1.34943) where we have pending sell orders set at each of these levels (1.34266….1.34753)

  • Areas to watch for buy orders: P.O: No pending buy orders are seen in the current market environment. P.A.C: No P.A confirmation buy orders are seen in the current market environment.
  • Areas to watch for sell orders: P.O: 1.34753 (SL: 1.35031 TP: Dependent on price approach) 1.34266 (SL: 1.34459 TP: Dependent on price approach). P.A.C: No P.A confirmation sell orders are seen in the current market environment.

 

GBP/USD:

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly timeframe: The sellers have begun to show some serious interest within weekly supply at 1.76297-1.67702, it is becoming more and more like we will be soon seeing a touch of weekly demand below at 1.66917-1.67939.
  • Daily timeframe: Price is currently (at the time of writing) trading below the daily S/R flip level at 1.68963, price is now relatively free to hit the daily demand area at 1.67367-1.68440 which is beautifully located around the aforementioned weekly demand zone, so it may be a good idea to pay attention once/if prices reach here.

Since the last analysis, the market has been moving nicely. A push down to the round number 1.69 was seen where the buyers begun showing a little interest. This interest did not last too long though, the sellers slammed price through the aforementioned round number leaving price free to hit the 4hr demand area below at 1.68013-1.68585. The importance of this area still remains, as pro money on this timeframe likely made the decision to push prices above the round number 1.69, and let’s not forget how conveniently located it is around daily demand at 1.67367-1.68440,  so a positive reaction is expected as it looks like price will hit the aforementioned 4hr demand area very soon.

Once, or indeed if buying interest is seen here, we expect (at the time of writing) selling pressure to be seen around the round number 1.69, nonetheless we fully expect a break above this level as we are currently in higher-timeframe demand as already mentioned above.

Pending/P.A confirmation orders:

  • Pending buy orders (Green line) are seen just above the decision-point area (1.68013-1.68585) at 1.68631. Our reasoning behind placing a pending buy order here rather than a P.A confirmation buy order is simply because of this 4hr decision-point area’s location on the higher timeframes (just above daily demand at 1.67367-1.68440).
  • The P.A confirmation buy order (Red line) set just above the round number 1.69000 at 1.69055 has been cancelled since price traded through our entry level.
  • The pending sell order (Green line) set just below the round number 1.71000 at 1.70948 has been removed since price is trading too far away for the time being.
  • Pending sell orders (Green line) are seen just below the decision-point area (1.69939-1.69663) at 1.69626. We have set a pending sell order here due this being the area pro money made the push below 4hr demand at 1.69512-1.69708, so there may very well be unfilled sell order left there.
  • No P.A confirmation sell orders (Red line) are seen in the current market environment.

GBPUSD 4HR

Quick Recap:

A break below the round number 1.69 is now currently taking place; price is free to hit 4hr demand below at 1.68013-1.68585 which is where we have a pending buy order set just above at 1.68631. If we do see buying interest around this area, expect the first area of trouble to be at the round number 1.69 as active sellers may be waiting there, but overall we expect a break above this area due to where the 4hr demand area is located on the higher timeframes (daily demand at 1.67367-1.68440).

  • Areas to watch for buy orders: P.O: 1.68631 (SL: 1.67932 TP: Dependent on price approach). P.A.C: No P.A confirmation buy orders are seen in the current market environment.
  • Areas to watch for sell orders: P.O: 1.69626 (SL: 1.70063 TP: Dependent on price approach).  P.A.C: No P.A confirmation sell orders are seen in the current market environment.

 

AUD/USD:

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly timeframe: The weekly timeframe is still depicting consolidating price action with the upper limits being seen at 0.94600 and the lower at 0.92046. The sellers are currently seen pushing price aggressively to the downside within the aforementioned consolidated area.
  • Daily timeframe: The medium-term range on the daily timeframe (0.95425-0.94852…0.93208) has seen quite a convincing break to the downside. Price is now relatively free to hit the daily demand area below at 0.92046-0.92354.

We have to be honest here; we expected some selling pressure to be seen, but not quite as much as this! Price has plummeted straight through a 4hr decision-point area at 0.93348-0.93500, and also a 4hr demand area directly below at 0.93208-0.93417. The selling onslaught was met with some buying interest around the round number 0.93 which conveniently spiked back up to the aforementioned 4hr decision-point area which would have made a nice sell! A positive close below the round number has just been seen, price is now relatively free to hit a 4hr decision-point area at 0.92566-0.92736.

It is very likely a retest will be seen of the round number will be seen before we hit the 4hr decision-point area below (levels above). The reason for this is there were no doubt a lot of traders still long around the round number that let greed take over! What we mean by this is, most of the traders were likely filled around this level and price rallied, but it was not too long before prices was back at their entry, then worse, below their entry, and then were possibly forced to cover their positions because they did not take some profit when they had the chance. The point we are trying to make is the stops from these traders are now sell orders, so pro money will likely buy into these sells pushing price up past the round number effectively stopping out the majority of the traders attempting to trade the retest, thus handing over buy orders to pro money (once the traders were stopped out playing the retest, their stops automatically became buys) to sell into down to the 4hr decision-point area (levels above). You have to admire the games played by pro money!

Sorry that was a bit of a mouthful!

Pending/P.A confirmation orders:

  • The pending buy order (Green line) set just above the decision-point area (0.93348-0.93500) at 0.93517 has been stopped out.
  • P.A confirmation buy orders (Red line) are seen just above the decision point level (0.92566-0.92736) at 0.92775.  The reason for placing a P.A confirmation buy order here rather than pending buy order is simply because we were trading just above a daily demand ‘buy zone’ at 0.92046-0.92354, meaning pro money could very well just ignore this level completely and trade deeper into the aforementioned daily demand area, so, confirmation is the order of the day!
  • The pending sell order (Green line) set just below supply (0.95425-0.95096) at 0.95052 has been cancelled; price has traded too far south from the entry level for the time being.
  • No P.A confirmation sell orders (Red line) are seen in the current market environment.

AUDUSD 4HR

Quick Recap:

Our pending buy order set at 0.93517 has been well and truly stopped out, price slammed through our level leaving us little choice to cover our position. We currently only have a P.A confirmation buy order (0.92775) left in the market set above a 4hr decision-point area at 0.92566-0.92736. The most likely scenario since the round number 0.94 has just recently been broken south is price will retest this number, and then drop down to the aforementioned 4hr decision-point area. Now, we are not sure concerning this area since price could very continue past here to a daily demand buy zone below at 0.92046-0.92354 hence the need for a P.A confirmation buy order here.

  • Areas to watch for buy orders: P.O: No pending buy orders seen in the current market environment.  P.A.C: 0.92775 (SL: Dependent on price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).
  • Areas to watch for sell orders: P.O: No pending sell orders seen in the current market environment. P.A.C: No P.A confirmation sell orders seen in the current market environment.

 

USD/JPY:

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly timeframe: Buyers are currently pushing prices up hard from the long-term weekly R/S flip level at 101.206, which has been providing support to the market now since the 3rd of February 2014.
  • Daily timeframe: Price has successfully closed above the daily supply area at 101.962-102.257 with buyers and sellers currently seen battling it out around a daily resistance level at 102.713. If the sellers are consumed here, there is no reason why a push up to a beautiful-looking daily supply area at 104.104-103.802 won’t be seen.

We have been reporting for quite some time now that price could very well push hard north just like it has done due to there being a lot consumed supply to the far left. We did however expect some sort of a reaction around the fresh 4hr supply area at 102.584-102.505, since this was the only area within the consumed supply zone that likely had active sell orders, if there were any, these orders were clearly not enough to stop the buying onslaught recently seen. We were quite disappointed as we had a pending buy order set at 102.100 expecting a small retracement before prices took off north!

Sellers came into the market around the 4hr supply area at 103.294-102.983 which also has the round number 103 located just within. Price now remains capped between the aforementioned 4hr supply area and a 4hr S/D flip area below at 102.584-102.505. Taking into consideration the higher-timeframe picture for a moment, buying strength is appearing very strong at present, as explained above, if we see the sellers fully consumed around the daily S/R flip level (for level see above) price could very well push much higher, also not forgetting we have just come off of some awesome weekly support at 101.206 as well! So, traders who are short at this 4hr supply area need to remain vigilant as price could trade higher very soon.

Pending/P.A confirmation orders:

  • Pending buy orders (Green line) are seen just above the decision-point level (102.027-102.080) at 102.100. We have set a pending buy order here since this is the most obvious place pro money will bring prices down to, to collect liquidity.
  • No P.A confirmation buy orders (Red line) are seen in the current market environment.
  • The pending sell order (Green line) set just below supply (103.294-102.983) at 102.953 is now active, we have taken partial profits already at 102.814 due to where price is located on the higher timeframes right now (Just come off of an awesome weekly support level at 101.206 and daily resistance is showing weakness at 102.713). Our final target is set at 102.584, so do keep an eye on this area.
  • The P.A confirmation sell order (Red line) set just below supply (102.584-102.505) at 102.485 has been cancelled since price blew straight through our entry level.

USDJPY 4HR

Quick Recap:

Price has just recently hit our pending sell order set at 102.953 just below the 4hr supply area at 103.294-102.983. We have already taken partial profits on this trade; we will now let the trade run to see if our final target is hit set below at 102.584.

  • Areas to watch for buy orders: P.O: 102.100 (SL: 101.971 TP: Dependent on price approach).P.A.C: No P.A confirmation buy orders are seen in the current market environment.
  • Areas to watch for sell orders: P.O: 102.953 (Active) (SL: 103.317 TP: [1] Taken partial profits already at 102.814 [2] 102.584) P.A.C: No P.A confirmation sell orders are seen in the current market environment.

 

EUR/GBP:

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly timeframe: Current price action is seen trading just above weekly demand at 0.79631-0.78623. As we see it, price still has room to drop further into the weekly demand area due to there being possible consumed demand area to the far left.
  • Daily timeframe: A break south has been seen below daily demand at 0.78862-0.79206, price should be relatively free now to hit the next daily demand area below at 0.78117-0.78533, however, expect the possibility that price may rally to the 0.79751 area before hitting the aforementioned daily demand below, as pro money may require liquidity to drop price in the form of buy orders to sell into (Buyers were no doubt stopped out around the daily demand area at 0.78862-0.79206, these orders were sell orders, and were definitely no good for selling into! So, pro money would likely buy into them, pushing prices higher to entice other buyers to join, once they do, they would begin selling, hence the reason a sell-off is still expected into the aforementioned weekly demand area).

It was reported that higher prices were likely to be seen to either the 4hr S/R flip level at 0.79358 or the 4hr supply area above at 0.79795-0.79684. As we can see a push north to the aforementioned 4hr S/R flip level was seen, and at the time of writing, the sellers seem to be showing some interest.

So, with the higher timeframe-picture in mind, lower prices are expected, the 4hr timeframe shows 4hr demand at 0.78862-0.79048 has been consumed, meaning we could very well see a push south to the 4hr demand area below at 0.78602-0.78320 which is beautifully located just above daily demand at 0.78117-0.78533. Of course we have to expect the usual road bumps in between, the first being seen at the round number 0.79.

Pending/P.A confirmation orders:

  • Pending buy orders (Green line) are seen just above demand (0.78602-0.78320) at 0.78641. The reasoning behind setting a pending buy order here is due to its current location on the higher timeframes. Our 4hr demand area is just above daily demand at 0.78117-0.78533 and also just within the upper area of weekly demand at 0.76931-0.78623.
  • No P.A confirmation buy orders (Red line) are seen in the current market environment.
  • Pending sell orders (Green line) are seen just below the supply area (0.79795-0.79684) at 0.79651. The reason for a pending sell order being set here, rather than a P.A confirmation sell order was because this area looks very hot for a first-time reaction. Notice how price faked above the S/R flip level at 0.79679 then dropped back down, there is very likely unfilled sell orders still lurking around this area, hence the need for a pending sell order.
  • The P.A confirmation sell order (Red line) set just below the 4hr S/R flip level at 0.79358 at 0.79293 is now active and awaiting confirmation. The sellers will need to confirm this level by consuming some or most of the buyers around the low marked with an arrow at 0.79134, once or indeed if this happens, a pending sell order is permitted to be set awaiting a possible return.

EURGBP 4HR

Quick Recap:

A push north has been seen up to the 4hr S/R flip level at 0.79358 (our P.A confirmation order 0.79293 was triggered here also) where the sellers are beginning to show some convincing interest. Overall, we expect a nice sell off down to the 4hr demand area below at 0.78602-0.78320. We are well aware price may continue north from here up to the 4hr supply area at 0.79795-0.79684 (hence the confirmation sell order), before the selloff is likely seen down to the 4hr demand area at 0.78602-0.78320.

  • Areas to watch for buy orders: P.O: 0.78641 (SL: 0.78288 TP: Dependent on price approach) P.A.C: No P.A confirmation buy orders are seen in the current market environment.
  • Areas to watch for sell orders: P.O: 0.79651 (SL: 0.79828 TP: Dependent on price approach) P.A.C: 0.79293 (Active-awaiting confirmation (SL: Dependent on price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).

 

USD/CAD:

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly timeframe: A strong push into weekly supply at 1.09592-1.08133 has been seen. Price still remains capped between the aforementioned weekly supply area and weekly demand below at 1.05715-1.07008. If we see a break of the weekly supply area, things will start to get very interesting as we believe the profit potential to the upside is huge.
  • Daily timeframe: Trading action is currently taking place just below a nice-looking daily supply area at 1.09592-1.09156, we are expecting lower prices from here, if however a break above is seen, prices could likely be forced to test the oncoming daily supply area at 1.10522-1.10133, but for the time being, price remains capped between the daily supply area at 1.09592-1.09156 and a daily S/R flip level at 1.08277.

Oh my! Buying and more buying has been seen ignoring lots of important levels along the way! This is something we did not expect to happen in higher-timeframe supply (see above for the levels). Price has smashed through the 4hr resistance at 1.08696, along with the round number 1.09, and very little selling interest is now being seen around the small 4hr decision-point level at 1.09146.

We are now trading very deep within weekly supply and have now just hit a daily supply as well (levels above), so a push up to the last logical 4hr decision-point area at 1.09470-1.09354 may likely happen, as this is likely where the active sell orders are sitting, so this level is worth paying attention to!

Pending/P.A confirmation orders:

  • The pending buy order (Green line) set just above the decision-point area (1.07546-1.07680) at 1.07706 has now been cancelled, since price has traded too far from the entry level for the time being.
  • The P.A confirmation buy order (Red line) set just above the round number 1.07000 at 1.07047 has now been cancelled, since price has traded too far from the entry level for the time being.
  • The pending sell order (Green line) set just below resistance (1.08696) at 1.08650 has now been stopped out.
  • New pending sell orders (Green line) are seen just below a decision-point area (1.09470-1.09354) at 1.09314. The reasoning for setting a pending sell order here is simply because of where price is currently located on the higher timeframes at the moment (Weekly supply: 1.09592-1.08133, Daily supply: 1.09592-1.09156).
  • No P.A confirmation sell orders (Red line) are seen in the current market environment.

USDCAD 4HR

Quick Recap:

Serious buying activity has recently been seen on this pair, we are now watching a 4hr decision-point area at 1.09470-1.09354 (a pending sell order is set just below at 1.09314) as a reaction south is likely as price is currently located deep in higher-timeframe supply (Weekly supply: 1.09592-1.08133 Daily supply: 1.09592-1.09156).

  • Areas to watch for buy orders: P.O: No pending buy orders seen within the current market environment. P.A.C: No P.A confirmation buy orders seen within the current market environment.
  • Areas to watch for sell orders: P.O: 1.09314 (SL: 1.09527 TP: Dependent on price approach). P.A.C: No P.A confirmation sell orders seen within the current market environment.

 

USD/CHF:

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly timeframe: Price broke the mundane range that formed above weekly demand at 0.85664-0.88124; as a result price has just hit an important weekly decision-point level at 0.90927.
  • Daily timeframe: Price has hit daily supply at 0.91556-0.90985 as reported may happen. Price is now capped between this daily supply and (what is now) a daily S/D flip area at 0.90372-0.90042. A break of either area will give us a lot of information regarding possible direction.

Technically, not a lot has changed on this pair, and the last analysis still holds very true:

Price is not really depicting much bearish action around the aforementioned 4hr R/S flip level and round number 0.91, a break above here could see prices testing a 4hr supply at 0.91329-0.91141 which is located  within daily supply (for the levels, see above). If a move south does take place from the aforementioned 4hr supply area, expect active buyers to come into the market around the 0.90672 area, as this is where pro money buy orders were likely accumulated for the push higher meaning unfilled buy orders may still be lurking there.

Pending/P.A confirmation orders:

  • Pending buy orders (Green line) are seen just above the decision-point level (0.90215) at 0.90233. The reasoning behind placing a pending buy order here is simply because this is the area on the 4hr timeframe where pro money buyers likely made the decision to break above the 4hr supply area at 0.90372-0.90148, hence the possibility there may still be unfilled buy orders lurking around this level.
  • No P.A confirmation buy orders (Red line) are seen in the current market environment.
  • Pending sell orders (Green line) are seen just below the 4hr supply area (0.91329-0.91141) at 0.91113. The reason we have placed an order such as this is due its higher-timeframe location (Daily supply 0.91156-0.90985).
  • No P.A confirmation sell orders (Red line) are seen in the current market environment.

USDCHF 4HR

Quick Recap:

Price still remains trading around the 4hr S.R flip level at 0.90891 and round number 0.91, selling interest at the moment seems weak here, so do be prepared for a push up to the 4hr supply area at 0.91329-0.91141 (a pending sell order is set just below at 0.91113) before any serious selling is likely seen.

  • Areas to watch for buy orders: P.O: 0.90233 (SL: 0.90117 TP: Dependent on price approach). P.A.C: No P.A confirmation buy orders seen in the current market environment.
  • Areas to watch for sell orders: P.O: 0.91113 (SL: 0.91359 TP: Dependent on price approach). P.A.C No P.A confirmation sell orders seen in the current market environment.

 

XAU/USD (GOLD)

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly timeframe:  Price remains capped between weekly supply at 1391.97-1328.04 and a nice-looking weekly decision-point level below at 1244.08. At the moment, the sellers appear in control, which should be the case really, as price has just recently traded out of the aforementioned weekly supply area.
  • Daily timeframe:  A deep push south has just been seen past the ignored daily decision-point level at 1292.52, there is a strong possibility price may likely visit the major S/R flip level at 1277.36 now as most of the buyers around this area would have been stopped out by now.

An aggressive push to the downside has just recently been seen through the 1292.52 level straight into the 4hr S/D flip area at 1284.77-1280.53 where the buyers are just now beginning to show some interest.

We do not expect this level to give much of a reaction as there is nothing really supporting it from the higher timeframes (hence the need for a confirmation buy order here). However, if the buyers can push price above the high marked with a green flag at 1297.20, we would then strongly consider placing a pending buy order awaiting a possible retracement.

Pending/P.A confirmation orders:

  • The pending buy order (Green line) set just above the ignored decision-point level at 1292.52 at 1293.77 has been stopped out with a small profit.
  • The P.A confirmation buy order (Red line) set just above the S/D flip area (1284.77-1280.53) at 1285.71 is now active, the buyers will need to prove this area by consuming some or most of the sellers around the high marked with a green flag at 1297.20, a pending buy order will then be set awaiting a possible return.
  • No pending sell orders (Green line) are seen in the current market environment.
  • No P.A confirmation sell orders (Red line) are seen in the current market environment.

GOLD 4HR

Quick Recap:

Price has aggressively pushed to the downside stopping out our long position at 1293.77, but also triggering our P.A confirmation buy order (1285.71) set just above a 4hr S/D flip area at 1284.77-1280.53 at the same time. There is not much higher-timeframe support around this area, hence the need for confirmation on this one.

  • Areas to watch for buy orders: P.O: 1293.77 (Stopped out with a small profit) (SL: 1286.75 TP: [1] 1304.77 [2] 1323.04). P.A.C: 1285.71 (Active-awaiting confirmation) (SL: Dependent on price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).
  • Areas to watch for sell orders: P.O: No pending sell orders seen in the current market environment. P.A.C: No P.A confirmation sell orders seen in the current market environment.