Daily Market Analysis by IC Markets

[icmarkets]

EUR/GBP:

[B]Weekly TF.[/B]
Active buyers were seen within weekly demand at 0.79596-0.80299 last week. Price managed to trade above the previous weekly high (0.80251) forming a higher high at 0.80338. As per this timeframe, higher prices are expected to be seen this week, but do not discount the possibility of a retracement beforehand (lower timeframes will no doubt provide more information regarding the possible retracement).

Price still remains capped between the weekly demand area just mentioned and weekly supply at 0.80848-0.81668.

[B]Daily TF.[/B]
Price still remains capped between daily demand at 0.79282-0.79649 and daily supply (D/S flip area) at 0.80348-0.80576. According to the weekly timeframe above, we may see the daily supply area just mentioned get consumed, with price using the daily demand area mentioned above to push prices higher, hence the chance of a retracement happening before a rally occurs.

If price does indeed break above the daily supply area (levels above) we will likely see daily supply at 0.81497-0.81048 get tested soon after.

[B]4hr TF.[/B]
Price still remains capped between supply at 0.80647-0.80583 and demand below at 0.79405-0.79552 with a break either side yet to be seen. The weekly timeframe shows price is trading around higher-timeframe demand (levels above); this does not however mean price will rally immediately today, breaking supply at 0.80647-0.80583. Pro money will likely bring prices south sometime this week to around 4hr demand at 0.79405-0.79552 thus allowing them to collect the much-needed liquidity (sell orders to buy into) for a rally higher in price.

[B]Pending/P.A confirmation orders:[/B]

[ul]
[li][B]A pending buy order[/B] (Green line) has been set at 0.79580 just above demand at 0.79405-0.79552. The rationale behind this is because buyers have likely consumed the majority of the sellers lurking around the round number 0.80000 and supply above at 0.80647-0.80583 likely clearing the path for higher prices. A small retracement to demand (levels above) will possibly be seen to collect more buyers for a rally higher, thus triggering our pending buy order.[/li][li][B]No P.A confirmation buy orders[/B] (Red line) are seen in the current market environment.[/li][li][B]No pending sell orders[/B] (Green line) are seen in the current market environment.[/li][li][B]P.A confirmation sell orders[/B] (Red line) under the S/R flip level 0.81403 at 0.81393 is an area where a reaction is likely, however there were too many wicks north seen marked with arrows, indicating sellers are drying up, thus, the need to wait for more confirmation.[/li][li][B]P.A confirmation sell orders [/B](Red line) are seen just under supply (0.80869-0.80771) at 0.80752. Confirmation orders were used here because price is trading around a weekly demand area (0.79596-0.80299), which means price could easily consume this supply level as the higher timeframes usually overrule the lower timeframes.[/li][li][B]The P.A confirmation sell order [/B](Red line) set just below supply (0.80647-0.80583) at 0.80293 [B]is now active. Considering the higher-timeframe location seen on the weekly chart (Weekly demand: 0.79596-0.80299) , the sellers will need to consume the majority of the buyers around the 4hr demand area below at 0.79405-0.79552 to confirm this zone; a pending sell order can then be set awaiting a possible retracement[/B].[/li][/ul]

[B]Quick Recap:[/B]
The weekly timeframe currently shows active buyers within weekly demand at 0.79596-0.80299, while on the daily timeframe price remains capped between supply 0.80348-0.80576 and demand at 0.79282-0.79649. The 4hr timeframe is displaying a small uptrend that is just beginning, however do not be fooled by this, as price could very well turn south anytime this week to around 4hr demand at 0.79405-0.79552 before the real up trend begins.

[ul]
[li][B]Areas to watch for buy orders: P.O:[/B] 0.79580 (SL: 0.79368 TP: [1] 0.80000 [2] 0.80583 [May change if any new developments in the market are seen]) [B]P.A.C: [/B]No P.A confirmation buy orders are seen in the current market environment.[/li][li][B]Areas to watch for sell orders[/B]: [B]P.O:[/B] No pending sell orders are seen in the current market environment. [B]P.A.C:[/B] 0.81393 (SL: Will be likely set at 0.81564 TP: Will be likely set at the round number 0.81000) 0.80752 (SL: likely to be set at 0.80900 TP: Dependent on where price ‘confirms’ the level) 0.80293 [B](Active-awaiting confirmation)[/B] (SL: likely to be set at 0.80648 TP: Dependent on where price ‘confirms’ the level).[/li][/ul]

[icmarkets]

USD/CAD:

[B]Weekly TF.[/B]
Weekly demand at 1.05609-1.07372 is currently being tested. The buyers are showing very little interest at the moment with sellers aggressively consuming buy orders within the aforementioned weekly demand area.

Price remains capped between the weekly demand area just mentioned and weekly supply (S/R flip level) at 1.08438. If a break below the weekly demand area (levels above) happens, price will likely be forced to test the overall origin of the move up around demand at 1.01823-1.02771.

[B]Daily TF.[/B]
Beautiful! Some may remember it was reported in Friday’s analysis, price may drop further into daily demand at 1.05883-1.06779, and this did happen Friday last week. A bullish reaction is very likely to be seen here, however price may trade a little deeper into this daily demand area before we see active buyers come into the market.

Price now remains capped between the daily demand area just mentioned and supply (S/R flip level) at 1.08142.

[B]4hr TF.[/B]
The 4hr timeframe shows a sharp drop was seen last week consuming any buyers around the round number 1.07000. It was expected in Friday’s analysis this drop may happen, but not before a rally to our decision point at 1.07481 which of course, did not happen.

As we are all aware price is now trading within both Weekly and Daily demand areas (levels above), and higher prices are expected. However, price could very well drop to a nice-looking decision point level at 1.06484 before a rally higher is seen (chart two). Chart one shows how important the decision point level is to the left (marked with an arrow), notice how this was the last decision made by pro money here to push prices higher making it a great area to look for buying opportunities.

[B]Pending/P.A confirmation orders:[/B]

[ul]
[li][B]New pending buy orders[/B] (Green line) are seen just above the decision point level (1.06484) at 1.06527. A pending order is valid here due to price being contained within higher-timeframe demand (Weekly: 1.05609-1.07372 Daily: 1.05883-1.06779) coupled with the fact that this was the last decision made by pro money (in the past) to rally price to new highs.[/li][li][B]No P.A confirmation buy orders[/B] (Red line) are seen in the current market environment.[/li][li][B]The pending sell order [/B](Green line) set at 1.08975; within supply (1.08907-1.09047) just below the round number 1.09000 [B]has been removed due to price dropping too far from the entry level.[/B][/li][li][B]Pending sell orders [/B](Green line) are seen within the decision point supply area (1.08251-1.08164) at 1.08226. Pending orders are valid here due this likely being the work of pro money, the momentum out of the zone is only caused by traders with big accounts, and when pro money move the market, all of their orders here were unlikely to have been filled, hence a pending order being a logical choice here.[/li][li][B]Pending sell orders [/B](Green line) are seen around the decision point level (1.07481) at 1.07461. A pending sell order is valid here due to this being the last ‘obvious’ decision made by pro money that consumed buyers around the S/R flip level at 1.07266, unfilled sell orders may have been left here in the process. However, we still have to remain aware, as we’re currently seeing price trading in higher-timeframe demand (Weekly: 1.05609-1.07372 Daily: 1.05883-1.06779), so we would need to exit this position at the first sign of trouble if the sell order does indeed get filled.[/li][li][B]No P.A confirmation sell orders[/B] (Red line) are seen in the current market environment.[/li][/ul]

Chart 1:

Chart 2:

[B]Quick Recap:[/B]
The weekly timeframe shows the sellers have aggressively sold into weekly demand at 1.05609-1.07372, while on the daily timeframe; price has reached daily demand at 1.05883-1.06779. On the 4hr timeframe, a small decline in value is expected to be seen to around the decision point level at 1.06484, where we currently have a pending buy order set at 1.06527, before higher prices are seen.

[ul]
[li][B]Areas to watch for buy orders:[/B] [B]P.O: [/B]1.06257 (SL: 1.06319 TP: Dependent on approaching price action).[B] P.A.C:[/B] There are no P.A confirmation buy orders seen within the current market environment[/li][li][B]Areas to watch for sell orders[/B]: [B]P.O:[/B]1.08226 (SL: 1.08357 TP: Dependent on approaching price action) 1.07461 (SL: 1.07550 TP: Dependent on how price approaches this level). [B]P.A.C:[/B] There are no P.A confirmation sell orders seen within the current market environment.[/li][/ul]

[icmarkets]

USD/CHF:

[B]Weekly TF.[/B]
The weekly timeframe shows price has reacted off of the higher of the two stacked weekly demand areas at 0.85670-0.88360. However the bullish momentum did not last very long with price being seen consolidating just above the aforementioned weekly demand area.

Price remains capped between the weekly demand area just mentioned and the lower of the two stacked supply areas at 0.99710-0.97460.

[B]Daily TF.[/B]
Price appears to be forming a range (a magnified view of the price action on the weekly timeframe) with the highs being seen at 0.90367 and the lows at 0.89081. A break below this range would likely see price testing the S/R flip level just below at 0.88501, conversely, a break above the range would likely see price testing supply at 0.91563-0.90844.

Price closed just below the range on Friday at 0.89072; however, this close was not strong enough consider selling, so we will see what happens today or tomorrow, as we may get a more confirmed break.

[B]4hr TF.[/B]
Price saw a sell off towards the end of last week driving price deep into demand at 0.88973-0.89168, which also has the round number 0.89000 lurking within.

A break below the demand area just mentioned will likely see price testing oncoming demand at 0.88656-0.88816, but for the moment price still remains capped between the low of the mini range above at 0.89643 acting as temporary resistance, and where price is currently trading within (demand: 0.88973-0.89168).

[B]Pending/P.A confirmation orders:[/B]

[ul]
[li][B]No pending buy orders[/B] (Green line) are seen in the current market environment.[/li][li][B]P.A confirmation buy orders[/B] (Red line) are seen just above the daily S/R flip level (0.88501) at 0.88533. This level needs to see some confirming price action before any entry is placed in the market, due to their being no logical area for a stop loss order.[/li][li][B]New P.A confirmation buy orders [/B](Red line) are seen just above demand (0.88656-0.88816) at 0.88841. The reason a P.A confirmation buy order was set here rather than a pending buy order is because this demand area has already seen two touches (look to the far left), meaning some or all of the big buy orders have already been consumed, hence the need for a confirmation buy order.[/li][li][B]Near-term P.A confirmation buy orders[/B] (Red line) are seen within demand (0.88973-0.89168) at 0.89029, just above the round number 0.89000, as price may retrace to demand to collect unfilled orders deeper within this area.[/li][li][B]The pending sell order[/B] (Green line) visible at the base of supply (0.90381-0.90033) just above the round number 0.90000 [B]at 0.90063 still remains active. The first target has been hit at 0.89168, we have closed most of our final position now, allowing a very small position to run, giving price room to move, and hopefully hit our final target at the daily S/R flip level (0.88501).[/B][/li][li][B]No P.A confirmation sell orders[/B] (Red line) are seen in the current market environment.[/li][/ul]

[B]Quick Recap:[/B]
The weekly timeframe is slow with price seen consolidating just above weekly demand at 0.85670-0.88360, while on the daily timeframe we can see the consolidation in more detail with price currently seeing a small close below it. The 4hr timeframe shows price trading deep within demand at 0.88973-0.89168 nearly triggering our P.A confirmation buy order set at 0.89029. It is a very difficult pair to analyze at the moment, but we can be pretty confident the 4hr demand area just mentioned will likely break lower, possibly testing oncoming 4hr demand below at 0.88656-0.88816, and triggering our P.A confirmation buy order at 0.88841.

[ul]
[li][B]Areas to watch for buy orders[/B]: P.O: There are no pending buy orders seen in the current market environment[B]. [/B][B]P.A.C:[/B] 0.88533 (SL: Dependent on approaching price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed) 0.88841 (SL: likely to be set at 0.88618 TP: Dependent on approaching price action after the level has been confirmed).[/li][li] 0.89029 (SL: likely to be set at 0.88784 TP: Dependent on approaching price action after the level has been confirmed).[/li][li][B]Areas to watch for sell orders[/B]: [B]P.O: (Active – 1[SUP]st[/SUP] target hit)[/B] [B]0.90063[/B] (SL: 0.90412 TP: [1] [B]0.89168[/B][2] 0.88501) [B]P.A.C:[/B] There are currently no P.A confirmation sell orders seen in the current market environment).[/li][/ul]

[icmarkets]

XAU/USD (GOLD)

[B]Weekly TF.[/B]
Price reacted fantastically off of the weekly decision point area at 1242.76 with sellers not showing much interest at the moment.

Overall, price remains capped between weekly demand below at 1156.85-1194.53 and supply above at 1495.00-1419.68.

[B]Daily TF.[/B]
The daily supply area at 1331.13-1318.24 is creating a right mess! There are wicks and tails going in all direction with either side yet to be taking charge. If price breaks above this supply area, we will likely see oncoming supply at 1392.05-1366.12 being hit, but lower prices will likely be seen before this daily supply area (1331.13-1318.24) is consumed.

[B]4hr TF.[/B]
The 4hr timeframe shows how much of a mess price action is on the daily timeframe when magnified. Price has been trading all week in between the decision point (supply) area at 1331.13-1327.42 and demand (S/D flip area) at 1314.49-1309.37.

As price is currently trading in and around daily supply (levels above) we are still favoring lower prices from here. A tail marked with an arrow likely consumed more of the buyers around the 4hr S/D flip area (levels above), thus making a drop lower more possible.

[B]Pending/P.A confirmation orders:[/B]

[ul]
[li][B]Pending buy orders [/B](Green line) are seen within demand (S/D flip area… 1284.88-1280.74) at 1282.82. We have set a pending buy order here due to the fact there was a decision made here (marked by the black horizontal level, when decisions are made by pro money, they may be unfilled buy orders left there, hence the fact we have set our pending order there.[/li][li][B]Pending buy orders [/B](Green line) are seen just above demand (1258.57-1265.27) at 1268.91. We are permitted to set a pending buy order here as the buyers have consumed sellers within (which was at the time of writing) supply at 1293.47-1285.52, as per the previous confirmation buy order originally set at 1266.00 [B](See Thursday 19[SUP]th[/SUP] June for details).[/B][/li][li][B]No P.A confirmation buy orders[/B] (Red line) are seen in the current market environment.[/li][li][B]Pending sell orders [/B](Green line) are seen just below the supply/decision point (1331.13-1327.42) at 1325.90. A pending sell order was set here because this area is deep within daily supply (1331.13-1318.24) and the momentum away from the area indicates unfilled orders may well be left there.[/li][li][B]No P.A confirmation sell orders[/B] (Red line) are seen in the current market environment.[/li][/ul]

[B]Quick Recap:[/B]
Price has not changed much at all, and Friday’s analysis still holds strong:
[I]The daily timeframe shows sellers are currently struggling around daily supply at 1331.13-1318.24, while on the 4hr timeframe a decision needs to be made. Price will either have to consume and break supply at 1331.13-1327.42, or consume and break demand below at 1314.49-1309.37.
[/I]
[I]We however, favor the latter, because we are presently trading in and around in higher-timeframe daily supply (levels above) If this does indeed happen, our pending sell order set at 1325.90 may well be filled as pro money may perform a deeper test of supply above at 1331.13-1327.42 to help fill the liquidity requirements (buy orders to sell into) for the overall sell off.
[/I]

[ul]
[li][B]Areas to watch for buy orders:[/B] [B]P.O:[/B] 1268.91 (SL: 1264.30 TP: Dependent on approaching price action) 1282.82 (SL: 1275.12 TP: Dependent on approaching price action). [B]P.A.C:[/B] There are currently no P.A confirmation buy orders seen in the current market environment.[/li][li][B]Areas to watch for sell orders[/B]: [B]P.O: [/B]1325.90 (SL: 1332.71 TP: Dependent on approaching price action). [B]P.A.C:[/B] There are currently no P.A confirmation sell orders seen in the current market environment.[/li][/ul]

[icmarkets]

EUR/USD:

[B]Weekly TF.[/B]
Buyers seem to be showing more interest now, as they have been seen trading out of weekly demand at 1.34770-1.36771.

[B]Daily TF.[/B]
The daily timeframe shows buyers have rallied price towards daily supply at 1.37342-1.36890. A break above this area may see price trading towards the daily S/R flip level at 1.37931, but as of now, price still remains capped between the daily supply area just mentioned, and daily demand below at 1.34770-1.35557.

[B]4hr TF.[/B]
Chart one below shows the buyers made a decision to break above the 4hr minor resistance level at 1.36666, leaving the sellers with little choice but to cover their positions. A rally straight into 4hr supply at 1.37235-1.37005 has been seen; both buyers and sellers seem undecided at the moment as to which way to take price next. We, however, favor lower prices from here to at least the S/R flip level at 1.36666 (seen on chart two) as, we cannot ignore the fact we are temporarily trading just below higher-timeframe daily supply at 1.37342-1.36890, but also, at the same time remain vigilant to fact we are around higher-timeframe weekly demand (levels above), [B]so we know to close our positions at the first sign of trouble, if attempting to short the market.
[/B]
If the buyers manage to consume the sellers around the 4hr supply area just mentioned, it is very likely price will test the 4hr supply area directly above at 1.37749-1.37450, which should at the very least provide a nice bounce.

Chart 1:

Chart two below shows the alterations that have been made.

[B]Pending/P.A confirmation orders:[/B]

[ul]
[li][B]No pending buy orders [/B](Green line) are seen in the current market environment.[/li][li][B]P.A confirmation buy orders [/B](Red line) are seen just above demand (1.35036-1.35312) at 1.35433. The reason behind us placing a P.A confirmation buy order here, rather than a pending buy order is because the aforementioned demand area appears weak as deep spikes have been seen recently (marked with two arrows), and also the circled tail/spike could have cleared out the majority of buy orders as it left on its advance.[/li][li][B]New P.A confirmation buy orders [/B](Red line) are seen just above the round number 1.36000 at 1.36052. The reason for a P.A confirmation buy order, rather than a pending buy order is because pro money tends to spike the psychological round number levels often, which consequently stops out countless traders, hence the need to wait for confirmation here.[/li][li][B]The pending sell order[/B] (Green line) set at 1.36955 just below supply at 1.37235-1.37005 [B]is now active; do keep a close eye on our first target below at the S/R flip level (1.36666).[/B][/li][li][B]New pending sell orders [/B](Green line) are seen just below supply (1.37749-1.37450) at 1.37414. A pending sell order is set here as we believe this 4hr supply is good for at least a bounce.[/li][li][B]The P.A confirmation sell order[/B] (Red line) visible below the minor resistance 1.36666 at 1.36625[B]has now been cancelled. Price rallied too far from the entry level.[/B][/li][/ul]

Chart 2:

[B]Quick Recap:[/B]
The weekly timeframe shows buying interest out of weekly demand at 1.34770-1.36771, while the daily timeframe shows price trading at the base of daily supply seen at 1.37342-1.36890. Our P.A confirmation sell order on the 4hr timeframe set at 1.36625 was cancelled as price rallied too far from the entry level. Our pending sell order set just under 4hr supply (1.37235-1.37005) at 1.36955 has been filled, with the first target being seen below around the S/R flip level at 1.36666. Price will likely bounce down from the 4hr supply area just mentioned to at least our first target, however if we do see a break above the aforementioned supply area, a reaction is very likely around oncoming supply at 1.37749-1.37450. Traders need to remain aware of the fact we are in a weekly demand area (levels above), a bounce may still be seen at either one of the 4hr supply areas just mentioned, [B]but do be prepared to close your positions at the first sign of trouble.
[/B]

[ul]
[li][B]Areas to watch for buy orders:[/B] [B]P.O:[/B] No pending buy orders are seen in the current market environment. [B]P.A.C: [/B]1.35433 (SL: Dependent on where price ‘confirms’ the level TP: Dependent on where price ‘confirms’ the level) 1.36052 (SL: Dependent on where price ‘confirms’ the level TP: Dependent on where price ‘confirms’ the level).[/li][li][B]Areas to watch for sell orders[/B]: [B]P.O:[/B] 1.36955 B[/B] (SL: 1.37270 TP: [1] 1.36666 [2] 1.36000) 1.37414 (SL: 1.37785 TP: Dependent on price action approach). [B]P.A.C:[/B] No P.A confirmation sell orders are seen in the current market environment.[/li][/ul]

[icmarkets]

GBP/USD:

[B]Weekly TF.[/B]
The buyers are currently being seen pushing price deeper into weekly supply at 1.76290-1.70490 as reported may happen in yesterday’s analysis.

[B]Daily TF.[/B]
Chart one shows price has broken above daily supply at 1.70410-1.68880, but where could price be heading on this timeframe?

Chart 1:

Chart two below shows there is very little stopping price (looking left) from hitting the daily supply area marked with an arrow at 1.76290-1.73110.

Chart 2:

[B]4hr TF.[/B]
Unfortunately we are unable to look to the left at historical prices on the 4hr TF, nonetheless, the buyers have been seen in full force recently, as they have pushed above the round number 1.71000 and have successfully retested it.

A powerful-looking 4hr decision point (demand) area has formed at 1.70066-1.70272, even though we are currently trading within weekly supply (levels above), this level will still possibly see a bullish reaction, even if it’s only for a bounce.

At the time of writing, price is very likely going to trade up to the daily supply area mentioned above which is where we will begin looking for shorting opportunities.

[B]Pending/P.A confirmation orders:[/B]

[ul]
[li][B]The pending buy order [/B](Green line) set at 1.67610 just above demand at 1.67378-1.67583 [B]has been removed. Price has rallied too far from the entry level.[/B][/li][li][B]New pending buy orders [/B](Green line) are seen just above the decision point (demand) area (1.70066-1.70272) at 1.70288. A pending order is set here as we believe this area will very likely see a bullish reaction, even if only for a bounce, as this is likely the work of pro money, meaning they may not have filled all their buy orders around this level, thus unfilled orders may still be lurking there.[/li][li][B]P.A confirmation buy orders[/B] (Red line) are seen just above the round number 1.68000 at 1.68038. A reaction may be likely here because of the way pro money used this level to rally prices higher with force, a quick change in direction like this likely indicates pro money activity, thus, all of their orders may have not been filled at that time. The reason a pending order is not used here is because pro money, on a regular basis perform deep stop hunts around big figure levels (1.68000), and these tails/wicks can be huge sometimes, hence the need to wait for confirmation.[/li][li][B]P.A confirmation buy orders [/B](Red line) are seen just above minor support (1.69431) at 1.69482. A reaction north is likely to be seen here, however we are currently seeing price trading within higher-timeframe supply on the weekly timeframe at 1.76290-1.70490, hence the need for a confirmation buy order, rather than a pending buy order.[/li][li][B]No pending sell orders [/B](Green line) are seen in the current market environment.[/li][li][B]No P.A confirmation sell orders [/B](Red line) are seen in the current market environment.[/li][/ul]

[B]Quick Recap:[/B]
The weekly timeframe currently shows buyers pushing price deeper into weekly supply at 1.76290-1.70490, while on the daily timeframe, daily supply at 1.70410-1.68880 has been well and truly consumed. We have set a new pending buy order around the newly-formed decision point (demand) area (1.70066-1.70272) at 1.70288 as this area will likely see a bounce at the very least if/when price returns to it. The buyers have recently consumed the round number 1.71000 and have successfully retested it. We will likely see daily supply at 1.76290-1.73110 being hit very soon if the buyers carry on the way they have been, as of now, this is when we will be looking for shorting opportunities.

[ul]
[li][B]Areas to watch for buy orders:[/B] [B]P.O:[/B] 1.70288 (SL: 1.69983 TP: Dependent on price approach).[B]P.A.C:[/B] 1.68038 (SL: Dependent on approaching price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed). 1.69482 (likely to be set at 1.69176 TP: Dependent on approaching price action after the level has been confirmed).[/li][li][B]Areas to watch for sell orders[/B]: [B]P.O: [/B]No pending sell orders seen in the current market environment. [B]P.A.C: [/B]No P.A confirmation sell orders seen in the current market environment.[/li][/ul]

[icmarkets]

AUD/USD:

[B]Daily TF.[/B]
The daily timeframe is showing buyers currently pushing price above daily supply at 0.94468-0.93758, price will very likely hit oncoming daily supply at 0.95434-0.94862 very soon.

[B]4hr TF.[/B]
Higher prices have well and truly been seen as reported may happen in yesterday’s analysis. The buyers have pushed price right into 4hr supply at 0.94809-0.94477, this supply area is not very stable as a touch has already been seen in the past (shown on chart two marked with an arrow).

A newly-formed decision (demand) point area at 0.94132-0.94221 has been seen. This was the last decision made by pro money on this timeframe, and as we can see above on the daily timeframe, price will very likely trade to the next daily supply area just above it (levels above). For pro money to accomplish this, they will need liquidity in the form of sell orders to buy into, so they may sell price hard, enticing breakout sellers to join the momentum on the lower timeframes, then as price drops to our decision point area (levels above) they will likely place small batches of buy orders into the market until there are more buy orders than sell orders, price will then have no choice but to advance, possibly right into the next daily supply area as explained above.

[B]Pending/P.A confirmation orders:[/B]

[ul]
[li][B]Pending buy orders [/B](Green line) are seen just above demand (0.93542-0.93670) at 0.93689. A pending order was permitted to be set here due this demand area showing buying strength clearly created by pro money, meaning unfilled buy orders may still be lurking there.[/li][li][B]New pending buy orders [/B](Green line) are seen just above the decision point (demand) area (0.94132-0.94221) at 0.94244. A pending buy order was placed here because pro money will likely use this level to push price up to daily supply at 0.95434-0.94862.[/li][li][B]P.A confirmation buy orders [/B](Red line) are seen just above demand (0.93186-0.93345) at 0.93361. The reason a P.A confirmation buy order was placed here rather than a pending buy order, is simply because previous price action shows the buyers in and around the demand area (levels above) may have been consumed with those deep spikes/tails marked with arrows.[/li][li][B]No pending sell orders [/B](Green line) are seen in the current market environment.[/li][li][B]No P.A confirmation sell orders [/B](Red line) are seen in the current market environment.[/li][/ul]

Chart 2:

[B]Quick Recap:[/B]
The daily timeframe shows buyers have pushed above daily supply at 0.94468-0.93758, we will now likely see a test of the daily supply area directly above at 0.95434-0.94862. On the 4hr timeframe, the buyers have traded directly into 4hr supply at 0.94809-0.94477, this area is not likely going to hold though as higher timeframe direction is currently north. Price will likely retrace back to the last decision point at 0.94132-0.94221 (where we have a pending buy order set just above at 0.94244) before price rallies to the daily supply area mentioned above.

[ul]
[li][B]Areas to watch for buy orders:[/B] [B]P.O:[/B] 0.93689 (SL: 0.93510 TP: Dependent on approaching price action) 0.94244 (SL: 0.94108 TP: Dependent on approaching price action) [B]P.A.C:[/B] 0.93361 (SL: Dependent on approaching price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).[/li][li][B]Areas to watch for sell orders[/B]: [B]P.O:[/B] No pending sell orders seen in the current market environment. [B]P.A.C:[/B] No P.A confirmation sell orders seen in the current market environment.[/li][/ul]

[icmarkets]

USD/JPY:

[B]Weekly TF.[/B]
The weekly timeframe sees buyers are beginning to show interest around the weekly S/R flip level at 101.254.

[B]Daily TF.[/B]
Buyers are beginning to show interest around daily demand (S/D flip area) at 101.532-100.787.

[B]4hr TF.[/B]
It seems price may be doing what was reported in the last analysis:
[I]What pro money may even do, instead of dropping to the round number below at 101.000 right away, is confuse the retail traders by pushing price up past the D/S flip area (levels above) thus allowing uninformed traders to jump on board the ‘beginning of a trend’. Pro money will then likely sell hard into all those buy orders at the most recent decision point (supply) at 101.709 to push price down to the round number (level above) for an overall rally higher in price as indicated by the higher timeframes at the moment.
[/I]
However, selling weakness is currently being seen, so we may not reach our decision point level at 101.709, only time will tell.

[B]Pending/P.A confirmation orders:[/B]

[ul]
[li][B]No pending buy orders [/B](Green line) are seen in the current market environment.[/li][li][B]P.A confirmation buy orders[/B] (red line) are seen just above the round number (101.000) at 101.027. The reason a P.A confirmation buy order was used here is because pro money on a regular basis perform deep spikes through these levels stopping countless traders out, hence the need to wait for confirmation.[/li][li][B]Pending sell orders [/B](Green line) are seen at 102.367. A pending order is valid here since this is the area where pro money made the ‘decision’ to break the low 102.113 and take prices lower into what was demand (101.427-101.660 [B]seen on Monday 30[SUP]th[/SUP] June analysis[/B]) at the time, meaning unfilled sell orders were likely left there in the process.[/li][li][B]Pending sell orders [/B](Green line) are seen at a decision point (102.103) at 102.084. Pending sell orders are viable here due to this being an important decision point level where pro money decided to break multiple lows and visit what was demand (101.427-101.660 [B]seen on Monday 30[SUP]th[/SUP] June analysis[/B]) at the time, thus giving the impression unfilled sell orders may be left there as price did change direction very quickly.[/li][li][B]Pending sell orders [/B](Green line) are seen just below the decision point (101.709) at 101.691. A pending order was permitted to be placed here since pro money clearly made a decision to consume the majority of the buyers around what was demand at 101.427-101.660 ([B]seen on Monday 30[SUP]th[/SUP] June analysis[/B]) at the time, meaning there were more than likely unfilled sell orders left behind in the process.[/li][li][B]No P.A confirmation sell orders[/B] (Red line) are seen in the current market environment.[/li][/ul]

[B]Quick Recap:[/B]
The weekly timeframe is now showing buyers beginning to take control around the weekly S/R flip level at 101.254, while on the daily timeframe, similar to the weekly, shows buyers beginning to show interest within daily demand at 101.532-100.787. On the 4hr timeframe, a wick has been seen above 4hr supply (D/S flip area) at 101.427-101.546 meaning (same as yesterday’s analysis) one of two things will likely happen:

[ol]
[li]Price drops down to the round number 101.000 from where price is currently seen trading, at which point we currently have a P.A confirmation buy order set just above at 101.027. This may happen before higher prices are seen.[/li][li]Price will likely rally higher towards the decision point at 101.709 where we have a pending sell order set just below at 101.691, consequently dropping down to the round number 101.000 before higher prices are seen.[/li][li][B]Areas to watch for buy orders:[/B] [B]P.O: [/B]No pending buy orders are seen in the current market environment. [B]P.A.C:[/B] 101.027 (SL: Dependent on approaching price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).[/li][li][B]Areas to watch for sell orders[/B]: [B]P.O:[/B] 102.367 (SL: 102.458 TP: Dependent on how price action approaches this area) 102.084 (SL: 102.184 TP: Dependent on how price approaches this area) 101.691 (SL: 101.759 TP: Dependent on how price approaches this area [B]P.A.C:[/B] No P.A confirmation sell orders are seen in the current market environment.[/li][/ol]

[icmarkets]

EUR/GBP:

[B]Weekly TF.[/B]
Things are not looking good for the buyers who went long around the weekly demand area at 0.79596-0.80299, as the sellers are beginning to take control.

[B]Daily TF.[/B]
Price is still confined between daily supply (D/S flip area) at 0.80348-0.80576, and daily demand below at 0.79282-0.79649 with a break either side yet to be seen.

[B]4hr TF.[/B]
Even though sellers are beginning to take control on the higher timeframes (see above), it is still very likely higher prices may be seen according to the 4hr timeframe.

The sellers have been very busy recently, breaking the round number 0.80000 in the process. Price appears to have also consumed some of the buyers around the low 0.79826, which in turn has opened up a path for sellers to push price all the way down to 4hr demand at 0.79405-0.79552 as reported may happen in the last analysis. Why is there now a path down to the aforementioned 4hr demand area? Notice the trendline, this is used to resemble pro money actions. Look at the way price moved, higher highs were seen, then price was pushed back down consuming buyers as price was rallying higher, thus clearing the path of demand for the sellers.

[B]Pending/P.A confirmation orders:[/B]

[ul]
[li][B]A pending buy order[/B] (Green line) has been set at 0.79580 just above demand at 0.79405-0.79552. The rationale behind this is because buyers have likely consumed the majority of the sellers lurking around the round number 0.80000 and supply above at 0.80647-0.80583 likely clearing the path for higher prices. A small retracement to demand (levels above) will possibly be seen to collect more buyers for a rally higher, thus triggering our pending buy order.[/li][li][B]No P.A confirmation buy orders[/B] (Red line) are seen in the current market environment.[/li][li][B]No pending sell orders[/B] (Green line) are seen in the current market environment.[/li][li][B]P.A confirmation sell orders[/B] (Red line) under the S/R flip level 0.81403 at 0.81393 is an area where a reaction is likely, however there were too many wicks north seen marked with arrows, indicating sellers are drying up, thus, the need to wait for more confirmation.[/li][li][B]P.A confirmation sell orders [/B](Red line) are seen just under supply (0.80869-0.80771) at 0.80752. Confirmation orders were used here because price is trading around a weekly demand area (0.79596-0.80299), which means price could easily consume this supply level as the higher timeframes usually overrule the lower timeframes.[/li][li][B]The P.A confirmation sell order [/B](Red line) set just below supply (0.80647-0.80583) at 0.80293 [B]is now active. Considering the higher-timeframe location seen on the weekly chart (Weekly demand: 0.79596-0.80299) , the sellers will need to consume the majority of the buyers around the 4hr demand area below at 0.79405-0.79552 to confirm this zone; a pending sell order can then be set awaiting a possible retracement[/B].[/li][/ul]

[B]Quick Recap:[/B]
The weekly timeframe currently shows sellers taking control for the moment within weekly demand at 0.79596-0.80299, while on the daily timeframe price is still seen trading between daily supply at 0.80348-0.80576 and daily demand below at 0.79282-0.79649. Sellers on the 4hr timeframe have shown little sign of slowing down yet, consuming the round number 0.80000 in the process. Price will likely hit 4hr demand below at 0.79405-0.79552 filling our pending buy order set at 0.79580 before higher prices are seen.

[ul]
[li][B]Areas to watch for buy orders: P.O:[/B] 0.79580 (SL: 0.79368 TP: [1] 0.80000 [2] 0.80583 [May change if any new developments in the market are seen]) [B]P.A.C: [/B]No P.A confirmation buy orders are seen in the current market environment.[/li][li][B]Areas to watch for sell orders[/B]: [B]P.O:[/B] No pending sell orders are seen in the current market environment. [B]P.A.C:[/B] 0.81393 (SL: Will be likely set at 0.81564 TP: Will be likely set at the round number 0.81000) 0.80752 (SL: likely to be set at 0.80900 TP: Dependent on where price ‘confirms’ the level) 0.80293 [B](Active-awaiting confirmation)[/B] (SL: likely to be set at 0.80648 TP: Dependent on where price ‘confirms’ the level).[/li][/ul]

[icmarkets]

USD/CAD:

[B]4hr TF.[/B]
A quick reminder of where we are in the higher timeframes show price is currently trading within weekly and daily demand (1.05609-1.07372/1.05883-1.06779).

As reported in the last analysis price may fake the dummy demand (circled) at 1.06639 to our decision point (demand) level at 1.06484. This did indeed happen, but not with the buying strength expected. At the time of writing, price seems to be testing the decision point area (level above) for a second time, this may still be pro money playing tricks with the retail traders, as they know full well, the majority of traders love to move their stops to breakeven a.s.a.p, this second touch will obviously stop most of them out handing pro money even more sell orders to buy into.

[B]Pending/P.A confirmation orders:[/B]

[ul]
[li][B]The pending buy order[/B] (Green line) set just above the decision point level (1.06484) at 1.06526 [B]is now active, do keep an eye on our first target set at 1.06842.[/B][/li][li][B]No P.A confirmation buy orders[/B] (Red line) are seen in the current market environment.[/li][li][B]Pending sell orders [/B](Green line) are seen within the decision point supply area (1.08251-1.08164) at 1.08226. Pending orders are valid here due this likely being the work of pro money, the momentum out of the zone is only caused by traders with big accounts, and when pro money move the market, all of their orders here were unlikely to have been filled, hence a pending order being a logical choice here.[/li][li][B]Pending sell orders [/B](Green line) are seen around the decision point level (1.07481) at 1.07461. A pending sell order is valid here due to this being the last ‘obvious’ decision made by pro money that consumed buyers around the S/R flip level at 1.07266, unfilled sell orders may have been left here in the process. However, we still have to remain aware, as we’re currently seeing price trading in higher-timeframe demand (Weekly: 1.05609-1.07372 Daily: 1.05883-1.06779), so we would need to exit this position at the first sign of trouble if the sell order does indeed get filled.[/li][li][B]No P.A confirmation sell orders[/B] (Red line) are seen in the current market environment.[/li][/ul]

[B]Quick Recap:[/B]
Price is currently seen trading within both weekly and daily demand areas (1.05609-1.07372/1.05883-1.06779). The 4hr timeframe is showing price making a second attempt on our 4hr decision point (demand) level at 1.06484, which is where we have an active buy order in the market at 1.06526. Price will likely see higher prices from here up to at least the next trouble area (supply) at 1.06482.

[ul]
[li][B]Areas to watch for buy orders:[/B] [B]P.O: [/B]1.06526 (SL: 1.06319 TP: [1] 1.06482 [2] 1.07000 [3] 1.07266).[B] P.A.C:[/B] There are no P.A confirmation buy orders seen within the current market environment[B].[/B][/li][li][B]Areas to watch for sell orders[/B]: [B]P.O:[/B]1.08226 (SL: 1.08357 TP: Dependent on approaching price action) 1.07461 (SL: 1.07550 TP: Dependent on how price approaches this level). [B]P.A.C:[/B] There are no P.A confirmation sell orders seen within the current market environment.[/li][/ul]

[icmarkets]

USD/CHF:

[B]4hr TF.[/B]
Price did indeed test 4hr demand below at 0.88656-0.88816 as reported may happen in the last analysis. However, a spike below this area has been seen, more than likely stopping out the majority of traders attempting to go long here.

Price will now very likely hit the daily S/R flip level below at 0.88501 before breaking the D/S flip area at 0.88973-0.89168.

[B]Pending/P.A confirmation orders:[/B]

[ul]
[li][B]No pending buy orders[/B] (Green line) are seen in the current market environment.[/li][li][B]P.A confirmation buy orders[/B] (Red line) are seen just above the daily S/R flip level (0.88501) at 0.88533. This level needs to see some confirming price action before any entry is placed in the market, due to their being no logical area for a stop loss order.[/li][li][B]The P.A confirmation buy order [/B](Red line) set just above demand (0.88656-0.88816) at 0.88841[B]has now been cancelled. Price dropped too far from the entry level.[/B][/li][li][B]The pending sell order[/B] (Green line) visible at the base of supply (0.90381-0.90033) just above the round number 0.90000 [B]at 0.90063 still remains active. The first target has been hit at 0.89168, we have closed most of our final position now, allowing a very small position to run, giving price room to move, and hopefully hit our final target at the daily S/R flip level (0.88501).[/B][/li][li][B]No P.A confirmation sell orders[/B] (Red line) are seen in the current market environment.[/li][/ul]

[B]Quick Recap:[/B]
The 4hr timeframe currently shows the sellers are still in control for the time being. Our P.A confirmation buy order set at 0.88841 had to be removed due to price dropping too far from the entry level. The demand area at 0.88656-0.88816 has now been consumed leaving the path clear to hit the daily S/R flip level at 0.88501 at which point our final target will be hit from our short position taken above at 0.90063. Price will very likely see higher prices from here up to at least the D/S flip supply area at 0.88973-0.89168.

[ul]
[li][B]Areas to watch for buy orders[/B]: P.O: There are no pending buy orders seen in the current market environment[B]. [/B][B]P.A.C:[/B] 0.88533 (SL: Dependent on approaching price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).[/li][li][B]Areas to watch for sell orders[/B]: [B]P.O: (Active – 1[SUP]st[/SUP] target hit)[/B] [B]0.90063[/B] (SL: 0.90412 TP: [1] [B]0.89168[/B][2] 0.88501) [B]P.A.C:[/B] There are currently no P.A confirmation sell orders seen in the current market environment).[/li][/ul]

[icmarkets]

XAU/USD (GOLD)

[B]Daily TF.[/B]
Things are not looking good for any of the traders who attempted to short around daily supply at 1331.13-1318.24, as a spike/wick above this area has currently been seen, no doubt stopping most of the sellers out in the process.

[B]4hr TF.[/B]
The 4hr decision point (supply) area at 1331.13-1327.42 has been consumed with a relatively large wick/spike above. Price will now very likely hit the 4hr supply area above at 1342.46-1337.02 before price breaks the 4hr S/D flip area at 1314.49-1309.37 below as pro money will likely want to collect all of the stops (buy orders) around this area to sell into, if this is a fakeout above daily supply (1331.13-1318.24), meaning price may advance a little to 4hr supply at 1342.46-1337.02

[B]Pending/P.A confirmation orders:[/B]

[ul]
[li][B]Pending buy orders [/B](Green line) are seen within demand (S/D flip area… 1284.88-1280.74) at 1282.82. We have set a pending buy order here due to the fact there was a decision made here (marked by the black horizontal level, when decisions are made by pro money, they may be unfilled buy orders left there, hence the fact we have set our pending order there.[/li][li][B]Pending buy orders [/B](Green line) are seen just above demand (1258.57-1265.27) at 1268.91. We are permitted to set a pending buy order here as the buyers have consumed sellers within (which was at the time of writing) supply at 1293.47-1285.52, as per the previous confirmation buy order originally set at 1266.00 [B](See Thursday 19[SUP]th[/SUP] June for details).[/B][/li][li][B]No P.A confirmation buy orders[/B] (Red line) are seen in the current market environment.[/li][li][B]The pending sell order [/B](Green line) set just below the supply/decision point (1331.13-1327.42) at 1325.90 [B]has been stopped out.[/B][/li][li][B]New pending sell orders [/B](Green line) are seen just below supply (1342.46-1337.02) at 1336.59. A pending sell order is set here because pro money love to get the cheapest prices, if price has indeed faked above daily supply at 1331.13-1318.24, pro money will want all of the stops (buy orders) around this area to sell into, hence a push up to the 4hr supply area mentioned above may well happen.[/li][li][B]No P.A confirmation sell orders[/B] (Red line) are seen in the current market environment.[/li][/ul]

[B]Quick Recap:[/B]
The daily timeframe shows the majority of the sellers are likely stopped out above daily supply at 1331.13-1318.24, while on the 4hr timeframe price has consumed 4hr supply at 1331.13-1327.42 along with our pending sell order set at 1325.90. A new pending sell order is set just below the upper 4hr supply area (1342.46-1337.02) at 1336.59 as we believe price will likely hit the aforementioned 4hr supply area before breaking the 4hr S/D flip area at 1314.49-1309.37.

[ul]
[li][B]Areas to watch for buy orders:[/B] [B]P.O:[/B] 1268.91 (SL: 1264.30 TP: Dependent on approaching price action) 1282.82 (SL: 1275.12 TP: Dependent on approaching price action). [B]P.A.C:[/B] There are currently no P.A confirmation buy orders seen in the current market environment.[/li][li][B]Areas to watch for sell orders[/B]: [B]P.O: [/B]1325.90 [B](Stopped out)[/B] (SL: 1332.71 TP: Dependent on approaching price action) 1336.59 SL: 1343.47 TP: Dependent on approaching price action) (SL: [B]P.A.C:[/B] There are currently no P.A confirmation sell orders seen in the current market environment.[/li][/ul]

[icmarkets]

EUR/USD:

[B]Daily TF.[/B]
The sellers seem to be showing interest around the daily supply level at 1.37342-1.36890, with the first logical trouble area being seen around daily demand below at 1.34770-1.35557.

[B]4hr TF.[/B]
Price has reacted nicely off of the 4hr supply level at 1.37235-1.37005 trading down to the 4hr S/R flip level area at 1.36666, which we favored to happen in the last analysis. An area to watch out for trouble is 1.36454 (marked with an x) which was a prior decision point to rally price above the 4hr S/R flip mentioned above, so be prepared for a reaction here. If price manages to consume the buyers around the decision point level just mentioned, we have a good chance of seeing the round number 1.36000 being hit below.

As reported in the last analysis, price is currently seen trading within weekly demand at 1.34770-1.36771, so anyone short from the 4hr supply area at 1.37235-1.37005 should watch their position very carefully for any hint that we may be changing direction.

[B]Pending/P.A confirmation orders:[/B]

[ul]
[li][B]No pending buy orders [/B](Green line) are seen in the current market environment.[/li][li][B]P.A confirmation buy orders [/B](Red line) are seen just above demand (1.35036-1.35312) at 1.35433. The reason behind us placing a P.A confirmation buy order here, rather than a pending buy order is because the aforementioned demand area appears weak as deep spikes have been seen recently (marked with two arrows), and also the circled tail/spike could have cleared out the majority of buy orders as it left on its advance.[/li][li][B]P.A confirmation buy orders [/B](Red line) are seen just above the round number 1.36000 at 1.36052. The reason for a P.A confirmation buy order rather than a pending buy order is because pro money tends to spike the psychological round number levels often, which consequently stops out countless traders, hence the need to wait for confirmation here.[/li][li][B]The pending sell order[/B] (Green line) set at 1.36955 just below supply at 1.37235-1.37005 [B]is now active; Our first target at the S/R flip level has been hit (1.36666), so do keep a close eye on our second target located at the round number 1.36000 below.[/B][/li][li][B]Pending sell orders [/B](Green line) are seen just below supply (1.37749-1.37450) at 1.37414. A pending sell order is set here as we believe this 4hr supply is good for at least a bounce as it still remains fresh/untouched.[/li][/ul]

[B][/B]
[B]Quick Recap:[/B]
The daily timeframe shows the sellers are beginning to show interest around daily supply at 1.37342-1.36890, while on the 4hr timeframe we currently have an active sell position in the market just under 4hr supply (1.37235-1.37005) at 1.36995. Price has recently hit our first take-profit target at 1.36666, with our second target being seen below at the round number 1.36000. Traders should remain aware that before our second target has a chance of being filled, we have a trouble (decision point) area at 1.36454 to overcome first, so do keep an eye out for this.

[ul]
[li][B]Areas to watch for buy orders:[/B] [B]P.O:[/B] No pending buy orders are seen in the current market environment. [B]P.A.C: [/B]1.35433 (SL: Dependent on where price ‘confirms’ the level TP: Dependent on where price ‘confirms’ the level) 1.36052 (SL: Dependent on where price ‘confirms’ the level TP: Dependent on where price ‘confirms’ the level).[/li][li][B]Areas to watch for sell orders[/B]: [B]P.O:[/B] 1.36955 [B](Active – 1[SUP]st[/SUP] target hit)[/B] (SL: 1.37270 TP: [1] [B]1.36666[/B][2] 1.36000) 1.37414 (SL: 1.37785 TP: Dependent on price action approach). [B]P.A.C:[/B] No P.A confirmation sell orders are seen in the current market environment.[/li][/ul]

[icmarkets]

GBP/USD:

[B]4hr TF.[/B]
A quick reminder of where we are in the higher timeframes is always good, no matter which timeframe one trades. The buyers on the weekly timeframe are showing little sign of throwing in the towel as price is seen rallying deeper into weekly supply at 1.76290-1.70490. The buyers on the daily timeframe still seem to be heading in one direction that is north towards daily supply at 1.76290-1.73110.

On the 4hr timeframe, the buyers appear to be taking a breather at the moment; this is more than likely traders closing some of their positions, rather than sellers actually showing genuine interest. Price remains capped between the round numbers 1.72000 and 1.71000, with a break above 1.72000 being more likely than price breaking below 1.71000.

[B]Pending/P.A confirmation orders:[/B]

[ul]
[li][B]Pending buy orders [/B](Green line) are seen just above the decision point (demand) area (1.70066-1.70272) at 1.70288. A pending order is set here as we believe this area will very likely see a bullish reaction, even if only for a bounce, as this is likely the work of pro money, meaning they may not have filled all their buy orders around this level, thus unfilled orders may still be lurking there.[/li][li][B]New P.A confirmation buy orders [/B](Red line) are seen around the round number 1.71000 at 1.71030. It would not be wise for us to place a pending buy order here because we have no logical area for a stop-loss order, and pro money tend to test these areas with (sometimes) deep spikes, hence the need to wait for confirmation.[/li][li][B]The P.A confirmation buy order[/B] (Red line) set just above the round number 1.68000 at 1.68038[B]has been removed. Price rallied too far from the entry level.[/B][/li][li][B]P.A confirmation buy orders [/B](Red line) are seen just above minor support (1.69431) at 1.69482. A reaction north is likely to be seen here, however we are currently seeing price trading within higher-timeframe supply on the weekly timeframe at 1.76290-1.70490, and with the spikes/tails seen south below the area (marked with arrows), this does not exactly instill much confidence in this level, hence the need for a confirmation buy order, rather than a pending buy order.[/li][li][B]No pending sell orders [/B](Green line) are seen in the current market environment.[/li][li][B]No P.A confirmation sell orders [/B](Red line) are seen in the current market environment.[/li][/ul]

[B]Quick Recap:[/B]
The weekly timeframe still shows relentless buying deeper into weekly supply at 1.76290-1.70490, with price on the daily timeframe still seen advancing possibly to daily supply at 1.76290-1.73110. Buyers seem to be taking a short break on the 4hr timeframe with price being seen capped between round numbers1.72000 and 1.71000. Price will likely advance to at least 1.72000 before any serious sellers get involved especially with the volatility expected today, Ideally, a break above the aforementioned round number could then very well give the daily timeframe buyers the push they need to reach daily supply above at 1.76290-1.73110 which in turn is very deep within weekly supply (levels above).

[ul]
[li][B]Areas to watch for buy orders:[/B] [B]P.O:[/B] 1.70288 (SL: 1.69983 TP: Dependent on price approach).[B]P.A.C:[/B] 1.69482 (likely to be set at 1.69176 TP: Dependent on approaching price action after the level has been confirmed) 1.71030 (SL: Dependent on approaching price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).[/li][li][B]Areas to watch for sell orders[/B]: [B]P.O: [/B]No pending sell orders seen in the current market environment. [B]P.A.C: [/B]No P.A confirmation sell orders seen in the current market environment.[/li][/ul]

[icmarkets]

AUD/USD:

[B]Daily TF.[/B]
Price had indeed hit the fresh daily supply area at 0.95434-0.94862 after we saw a break of daily supply at 0.94468-0.93758 as reported may happen in the last analysis. Sellers are beginning to show interest at the fresh daily supply area just mentioned, with the first trouble area (demand) being seen around the S/D flip zone at 0.94468-0.93758.

[B]4hr TF.[/B]
The buyers have been seriously active recently pushing price up to the round number 0.95000, and just missing the 4hr supply area at 0.95434-0.95057, which is located deep within the daily supply zone mentioned above. The 4hr supply area (now not visible on the chart) at 0.94809-0.94477 was indeed consumed as reported may well happen in the last analysis.

Our decision point demand area at 0.94132-0.94221 is still a valid place to look for buying opportunities even though we have hit daily supply already (levels above), if only for a bounce (pro money may use this area to take small profits from being short from daily supply above – hence the bounce), but do be prepared to close your position(s) at the first sign of trouble. Price has very little stopping it from reaching the decision point (demand) area just mentioned, so a drop to the downside is very likely to be seen especially with the volatility (NFP) expected today.

A push back up to the upside is still not out of the question though, as price may have created a dummy supply area (circled) at around 0.94959 to be faked later on up into 4hr supply at 0.95434-0.95057, thus giving pro money the liquidity they need for an overall sell-off which may well be seen today.

[B]Pending/P.A confirmation orders:[/B]

[ul]
[li][B]Pending buy orders [/B](Green line) are seen just above demand (0.93542-0.93670) at 0.93689. A pending order was permitted to be set here due this demand area showing buying strength clearly created by pro money, meaning unfilled buy orders may still be lurking there.[/li][li][B]Pending buy orders [/B](Green line) are seen just above the decision point (demand) area (0.94132-0.94221) at 0.94244. A pending buy order was placed here because pro money will likely use this level to take some profits from being short around daily supply above at 0.95434-0.94862.[/li][li][B]P.A confirmation buy orders [/B](Red line) are seen just above demand (0.93186-0.93345) at 0.93361. The reason a P.A confirmation buy order was placed here rather than a pending buy order, is simply because previous price action shows the buyers in and around the demand area (levels above) may have been consumed with those deep spikes/tails marked with arrows.[/li][li][B]New pending sell orders [/B](Green line) are seen within supply (0.95434-0.95057) at 0.95178. A pending sell order is valid here since pro money may well push price up to 4hr supply just mentioned. The reason this may happen is sellers are clearly around this level indicating supply is there, pro money see this, and may take advantage of it by pushing price higher above supply (levels above) stopping out traders who were originally short there, thus handing over their stops which are now buy orders for pro money to sell into.[/li][li][B]No P.A confirmation sell orders [/B](Red line) are seen in the current market environment.[/li][/ul]

[B]Quick Recap:[/B]
A bearish reaction has been seen within daily supply at 0.95434-0.94862, while on the 4hr timeframe, buyers have pushed price up to the round number 0.95000 just missing 4hr supply at 0.95434-0.95057 by a few pips where the sellers then were seen taking over. Price will likely do one of two things from here:

[ol]
[li]Pro money will push price deeper into 4hr supply just mentioned above, filling our pending sell order at 0.95178.[/li][li]Pro money will push price down to the last decision point made at around 0.94132-0.94221 where we have a pending buy order set at 0.94244.[/li][li][B]Areas to watch for buy orders:[/B] [B]P.O:[/B] 0.93689 (SL: 0.93510 TP: Dependent on approaching price action) 0.94244 (SL: 0.94108 TP: Dependent on approaching price action) [B]P.A.C:[/B] 0.93361 (SL: Dependent on approaching price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).[/li][li][B]Areas to watch for sell orders[/B]: [B]P.O:[/B] 0.95178 (SL: 0.95584 TP: Dependent on approaching price action). [B]P.A.C:[/B] No P.A confirmation sell orders seen in the current market environment.[/li][/ol]

[icmarkets]

USD/JPY:

[B]4hr TF.[/B]
The higher timeframes show traders are currently doing battle on the weekly timeframe around the weekly S/R flip level at 101.254, with the daily timeframe not seeing much action within demand (S/D flip area) at 101.532-100.787.

It was reported in the last analysis that:
[I]What pro money may even do, instead of dropping to the round number below at 101.000 right away, is confuse the retail traders by pushing price up past the D/S flip area (levels above) thus allowing uninformed traders to jump on board the ‘beginning of a trend’. Pro money will then likely sell hard into all those buy orders at the most recent decision point (supply) at 101.709 to push price down to the round number (level above) for an overall rally higher in price as indicated by the higher timeframes at the moment.
[/I]
Now, taking the above into consideration, we can see that price did indeed attempt to advance up to our decision point level at 101.709 before a sell off was seen, but missed it by about four to five pips or so!
The above has no doubt already confused a hell of a lot of traders already, so what pro money may still do, to add to the confusion is to again push price up to our decision point (level above), only this time hitting it. We now need to think logically why pro money would do this. Imagine how many sellers are going to be attempting to sell at the high 101.651 marked with an x on the lower timeframes, what would happen to those orders once/if pro money pushed price through them hitting most of the stops? They would then be buy orders, these buy orders are liquidity to pro money, thus allowing them to sell hard into all those orders pushing price down to the round number 101.000 before any higher prices are seen.

[B]Pending/P.A confirmation orders:[/B]

[ul]
[li][B]No pending buy orders [/B](Green line) are seen in the current market environment.[/li][li][B]P.A confirmation buy orders[/B] (red line) are seen just above the round number (101.000) at 101.027. The reason a P.A confirmation buy order was used here is because pro money on a regular basis perform deep spikes through these levels stopping countless traders out, hence the need to wait for confirmation.[/li][li][B]Pending sell orders [/B](Green line) are seen at 102.367. A pending order is valid here since this is the area where pro money made the ‘decision’ to break the low 102.113 and take prices lower into what was demand (101.427-101.660 [B]seen on Monday 30[SUP]th[/SUP] June analysis[/B]) at the time, meaning unfilled sell orders were likely left there in the process.[/li][li][B]Pending sell orders [/B](Green line) are seen at a decision point (102.103) at 102.084. Pending sell orders are viable here due to this being an important decision point level where pro money decided to break multiple lows and visit what was demand (101.427-101.660 [B]seen on Monday 30[SUP]th[/SUP] June analysis[/B]) at the time, thus giving the impression unfilled sell orders may be left there as price did change direction very quickly.[/li][li][B]Pending sell orders [/B](Green line) are seen just below the decision point (101.709) at 101.691. A pending order was permitted to be placed here since pro money clearly made a decision to consume the majority of the buyers around what was demand at 101.427-101.660 ([B]seen on Monday 30[SUP]th[/SUP] June analysis[/B]) at the time, meaning there were more than likely unfilled sell orders left behind in the process.[/li][li][B]No P.A confirmation sell orders[/B] (Red line) are seen in the current market environment.[/li][/ul]

[B]Quick Recap:[/B]
The higher timeframes show traders are currently doing battle on the weekly timeframe around the weekly S/R flip level at 101.254, with the daily timeframe not seeing much action within demand (S/D flip area) at 101.532-100.787. The 4hr timeframe shows the buyers made an advance towards our decision point level at 101.709, (where we currently have a pending sell order waiting at 101.691) missing it by about four to five pips or so. Price will still likely see our pending sell order (level above) hit, especially with today’s volatility, as pro money will likely use this level to hammer price down to around the round number area 101.000 before any higher prices are seen.

[ul]
[li][B]Areas to watch for buy orders:[/B] [B]P.O: [/B]No pending buy orders are seen in the current market environment.[B]P.A.C:[/B] 101.027 (SL: Dependent on approaching price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).[/li][li][B]Areas to watch for sell orders[/B]: [B]P.O:[/B] 102.367 (SL: 102.458 TP: Dependent on how price action approaches this area) 102.084 (SL: 102.184 TP: Dependent on how price approaches this area) 101.691 (SL: 101.759 TP: Dependent on how price approaches this area [B]P.A.C:[/B] No P.A confirmation sell orders are seen in the current market environment.[/li][/ul]

[icmarkets]

EUR/GBP:

[B]Weekly TF.[/B]
The sellers are seen to be taking even more control within weekly demand at 0.79596-0.80299, a break below here could see price hitting weekly demand at 0.77010-0.79140.

[B]Daily TF.[/B]
With price appearing like it will break weekly demand (see above); the daily timeframe shows price entering deeper within daily demand at 0.79282-0.79649. A break below here could very well mean price may hit support way down below at 0.77533, take a look at chart two to see why we think this.

Chart 1:

Chart 2:

[B]4hr TF.[/B]
It was reported in the last analysis that:
[I]Price appears to have also consumed some of the buyers around the low 0.79826, which in turn has opened up a path for sellers to push price all the way down to 4hr demand at 0.79405-0.79552. Why is there now a path down to the aforementioned 4hr demand area? Notice the trendline; this is used to resemble pro money actions. Look at the way price moved, higher highs were seen, then price was pushed back down consuming buyers as price was rallying higher, thus clearing the path of demand for the sellers.
[/I]
Price has indeed done exactly as reported it may do, with price now trading around 4hr demand at 0.79405-0.79552. We still cannot ignore the fact we are in higher-timeframe demand (see above), so higher prices are still to be expected from this 4hr demand area just mentioned.

If price does break the aforementioned 4hr demand area south, we will likely see the round number below at 0.79000 being hit on this timeframe.

[B]Pending/P.A confirmation orders:[/B]

[ul]
[li][B]A pending buy order[/B] (Green line) has been set at 0.79580 just above demand at 0.79405-0.79552 [B]which is now active; do keep a close eye on our first target set at 0.79826.[/B][/li][li][B]No P.A confirmation buy orders[/B] (Red line) are seen in the current market environment.[/li][li][B]No pending sell orders[/B] (Green line) are seen in the current market environment.[/li][li][B]P.A confirmation sell orders[/B] (Red line) under the S/R flip level 0.81403 at 0.81393 is an area where a reaction is likely, however there were too many wicks north seen marked with arrows, indicating sellers are drying up, thus, the need to wait for more confirmation.[/li][li][B]P.A confirmation sell orders [/B](Red line) are seen just under supply (0.80869-0.80771) at 0.80752. Confirmation orders were used here because price is trading around a weekly demand area (0.79596-0.80299), which means price could easily consume this supply level as the higher timeframes usually overrule the lower timeframes.[/li][li][B]The P.A confirmation sell order [/B](Red line) set just below supply (0.80647-0.80583) at 0.80293 [B]is now active. Considering the higher-timeframe location seen on the weekly chart (Weekly demand: 0.79596-0.80299) , the sellers will need to consume the majority of the buyers around the 4hr demand area below at 0.79405-0.79552 to confirm this zone; a pending sell order can then be set awaiting a possible retracement[/B].[/li][/ul]

[B]Quick Recap:[/B]
The weekly timeframe currently shows sellers taking control once again within weekly demand at 0.79596-0.80299, while on the daily timeframe price is seen trading deeper within daily demand at 079282-0.79649. Sellers on the 4hr timeframe have hammered price down into 4hr demand at 0.79405-0.79552 which in turn has filled our pending buy order at 0.79580. Price will likely see a rally from here to at least our first take-profit area at 0.79286, before a break of the aforementioned 4hr demand area is seen.

[ul]
[li][B]Areas to watch for buy orders: P.O:[/B] 0.79580 B[/B] (SL: 0.79368 TP: [1] 0.79286 [2] 0.80000 [3] 0.80583 [May change if any new developments in the market are seen]) [B]P.A.C: [/B]No P.A confirmation buy orders are seen in the current market environment).[/li][li][B]Areas to watch for sell orders[/B]: [B]P.O:[/B] No pending sell orders are seen in the current market environment. [B]P.A.C:[/B] 0.81393 (SL: Will be likely set at 0.81564 TP: Will be likely set at the round number 0.81000) 0.80752 (SL: likely to be set at 0.80900 TP: Dependent on where price ‘confirms’ the level) 0.80293 [B](Active-awaiting confirmation)[/B] (SL: likely to be set at 0.80648 TP: Dependent on where price ‘confirms’ the level).[/li][/ul]

[icmarkets]

USD/CAD:

[B]Daily TF.[/B]
Price is currently seen trading deeper within daily demand at 1.05883-1.06779, with the buyers yet to show much interest.

[B]4hr TF.[/B]
Chart one clearly shows price was not testing our decision point (demand) level at 1.06484 for a second time, as price broke this level with a near full-bodied bearish candle, making our decision point level a supply to watch in the near future.

Chart 1:

Chart two below shows the alterations that needed to be made. It seemed the buyers found liquidity around 4hr demand at 1.06101-1.06335 as price is, at the time of writing beginning to rally nicely into the S/R flip level 1.06484. All is not lost here, if the buyers prove this 4hr demand area by consuming the sellers around the high 1.06776 marked with an x, we will then be permitted to set a pending buy order, awaiting a possible retracement.

[B]Pending/P.A confirmation orders:[/B]

[ul]
[li][B]The pending buy order[/B] (Green line) set just above the decision point level (1.06484) at 1.06526[B]has been stopped out.[/B][/li][li][B]New P.A confirmation buy orders[/B] (Red line) are seen just above demand (1.06101-1.06335) at 1.06376. The rationale behind us now placing a P.A confirmation order here is because buying interest was seen here, and also taking into consideration we are in higher-timeframe demand currently (Weekly: 1.05609-1.07372 Daily: 1.05883-1.06779). The buyers will need to confirm this area by consuming the sellers around the high 1.06776 we will then be permitted to set a pending buy order, awaiting a possible retracement.[/li][li][B]Pending sell orders [/B](Green line) are seen within the decision point supply area (1.08251-1.08164) at 1.08226. Pending orders are valid here due this likely being the work of pro money, the momentum out of the zone is only caused by traders with big accounts, and when pro money move the market, all of their orders here were unlikely to have been filled, hence a pending order being a logical choice here.[/li][li][B]Pending sell orders [/B](Green line) are seen around the decision point level (1.07481) at 1.07461. A pending sell order is valid here due to this being the last ‘obvious’ decision made by pro money that consumed buyers around the S/R flip level at 1.07266, unfilled sell orders may have been left here in the process. However, we still have to remain aware, as we’re currently seeing price trading in higher-timeframe demand (Weekly: 1.05609-1.07372 Daily: 1.05883-1.06779), so we would need to exit this position at the first sign of trouble if the sell order does indeed get filled.[/li][li][B]No P.A confirmation sell orders[/B] (Red line) are seen in the current market environment.[/li][/ul]

Chart 2:

[B]Quick Recap:[/B]
Price is currently seen trading within both weekly and daily demand areas (1.05609-1.07372/1.05883-1.06779). The 4hr timeframe is showing the buyers reacting off of 4hr demand at 1.06101-1.06335 where we have now set a P.A confirmation buy order at 1.06367. Considering we are in higher-timeframe demand (levels above), higher prices are naturally expected from here to at least the high marked with an x at 1.06776.

[ul]
[li][B]Areas to watch for buy orders:[/B] [B]P.O: [/B]There are no pending buy orders seen within the current market environment[B]. P.A.C:[/B] 1.06376 (SL: likely to be set at 1.06067 TP: Dependent on approaching price action after the level has been confirmed).[/li][li][B]Areas to watch for sell orders[/B]: [B]P.O:[/B]1.08226 (SL: 1.08357 TP: Dependent on approaching price action) 1.07461 (SL: 1.07550 TP: Dependent on how price approaches this level). [B]P.A.C:[/B] There are no P.A confirmation sell orders seen within the current market environment).[/li][/ul]

[icmarkets]

USD/CHF:

[B]4hr TF[/B]
The buyers have been active recently rallying price up from around the daily S/R flip level area at 0.88501 to the D/S flip area (supply) at 0.88973-0.89168 as reported may happen in the last analysis.

If price breaks above the supply area just mentioned, price will be theoretically be free to rally back up to 4hr supply at 0.90381-0.90033. Why is price likely free to do this? Notice the arrows marked the charts, these resemble wicks that have consumed supply i.e. sellers. So with most of the sellers already likely consumed in this area, buyers will be free to push price up until it hits probable supply (sellers) which will likely be around the 4hr supply at 0.90381-0.90033. Conversely, a break below the daily S/R flip level will likely see price test the round number below at 0.88000, as very similar to above, there is very little demand (buyers) stopping price from reaching this area. These areas seem far away at the moment, but with some hard-hitting news announcements due out today, price could very well reach either area.
However for the moment, price remains capped between 4hr supply (D/S flip area) at 0.88973-0.89168 and the daily S/R flip level at 0.88501.

[B]Pending/P.A confirmation orders:[/B]

[ul]
[li][B]No pending buy orders[/B] (Green line) are seen in the current market environment.[/li][li][B]P.A confirmation buy orders[/B] (Red line) are seen just above the daily S/R flip level (0.88501) at 0.88533. This level needs to see some confirming price action before any entry is placed in the market, due to their being no logical area for a stop loss order.[/li][li][B]New P.A confirmation buy orders [/B](Red line) seen just above the round number 0.88000 at 0.88039. The reason a P.A confirmation buy order is used here is simply because there is no obvious area for a stop-loss order on this timeframe, and pro money may well test this area by spiking it, which could possibly stop lots of traders out in the process, hence the need to wait for confirmation.[/li][li][B]The pending sell order[/B] (Green line) visible at the base of supply (0.90381-0.90033) just above the round number 0.90000 [B]at 0.90063 has now been closed at 0.88719.[/B][/li][li][B]New P.A confirmation sell orders[/B] (Red line) are seen just below the round number 0.90000 and 4hr supply (0.90381-0.90033) at 0.89976. The reason a pending sell order was not used here is simply because the aforementioned 4hr supply area has seen a lot of touches, indicating supply may have weakened, so a need to wait for confirmation here is essential.[/li][/ul]

[B]Quick Recap:[/B]
The 4hr timeframe currently shows the buyers have currently taken control, missing our P.A confirmation buy order set at 0.88533 by a few pips, as price was pushed into 4hr supply (D/S flip area) at 0.88973-0.89168. Price from here can do one of three things, as it is very difficult to analyze possible direction on this pair.

[ol]
[li]We can see a break of the aforementioned 4hr supply area, and likely see price hitting 4hr supply above at 0.90381-0.90033 once again, where we currently have a P.A confirmation sell order set at 0.89976.[/li][li]A break below of the daily S/R flip level may be seen at 0.88501 cancelling out our P.A confirmation buy order at 0.88533 in the process. The break below will likely see price dropping towards the round number at 0.88000 where we also have a P.A confirmation buy order set at 0.88039.[/li][li]Our last likely scenario may see price dropping back down to the daily S/R flip level at 0.88501 thus triggering our P.A confirmation buy order at 0.88533, where price may rally straight to 4hr supply above at 0.90381-0.90033, consuming the D/S flip area (0.88973-0.89168) in the process.[/li][li][B]Areas to watch for buy orders[/B]: P.O: There are no pending buy orders seen in the current market environment[B]. [/B][B]P.A.C:[/B] 0.88533 (SL: Dependent on price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed) 0.88039 (SL: Dependent on price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).[/li][li][B]Areas to watch for sell orders[/B]: [B]P.O: (CLOSED)[/B] [B]0.90063[/B] [B]P.A.C:[/B] 0.89976 (SL: likely to be set at 0.90415 TP: Dependent on approaching price action after the level has been confirmed).[/li][/ol]

[icmarkets]

XAU/USD (GOLD)

Daily TF.
Technically, very little has changed on this pair, price still remains trading around daily supply at 1331.13-1318.24. Was this spike/wick above the daily supply area just mentioned a fakeout or continuation move? At present it is very difficult to tell.

4hr TF.
Like the daily chart above, price has seen very little change on the 4hr timeframe also. Much of the last analysis is still valid:

The 4hr decision point (supply) area at 1331.13-1327.42 has been consumed with a relatively large wick/spike above. Price will now very likely hit the 4hr supply area at 1342.46-1337.02 before price breaks the 4hr S/D flip area at 1314.49-1309.37 below, as pro money will likely want to collect as many of the stops (buy orders) as they can around this area to sell into. If this indeed is a fakeout above daily supply (1331.13-1318.24) as it appears it may be (at the time of writing), price may advance a little to 4hr supply at 1342.46-1337.02.as it works its way through the rest of the sellers’ stops.

Pending/P.A confirmation orders:

[ul]
[li]Pending buy orders (Green line) are seen within demand (S/D flip area… 1284.88-1280.74) at 1282.82. We have set a pending buy order here due to the fact there was a decision made here (marked by the black horizontal level, when decisions are made by pro money, they may be unfilled buy orders left there, hence the fact we have set our pending order there.[/li][li]Pending buy orders (Green line) are seen just above demand (1258.57-1265.27) at 1268.91. We are permitted to set a pending buy order here as the buyers have consumed sellers within (which was at the time of writing) supply at 1293.47-1285.52, as per the previous confirmation buy order originally set at 1266.00 (See Thursday 19[SUP]th[/SUP] June for details).[/li][li]No P.A confirmation buy orders (Red line) are seen in the current market environment.[/li][li]Pending sell orders (Green line) are seen just below supply (1342.46-1337.02) at 1336.59. A pending sell order is set here because pro money love to get the cheapest prices, if price has indeed faked above daily supply at 1331.13-1318.24, pro money will want all of the stops (buy orders) around this area to sell into, hence a push up to the 4hr supply area mentioned above may well happen.[/li][li]No P.A confirmation sell orders (Red line) are seen in the current market environment.[/li][/ul]

Quick Recap:
The daily timeframe has not changed much since the last analysis with price still being seen trading within daily supply at 1331.13-1318.24. The 4hr timeframe has not seen any new developments since the last analysis other than price is still consolidating around the 4hr decision point (supply) area at 1331.13-1327.42. A pending sell order is set just below 4hr supply (1342.46-1337.02) at 1336.59 which will likely be hit sometime today before price attempts to break 4hr demand below at 1314.49-1309.37.

[ul]
[li]Areas to watch for buy orders: P.O: 1268.91 (SL: 1264.30 TP: Dependent on approaching price action) 1282.82 (SL: 1275.12 TP: Dependent on approaching price action). P.A.C: There are currently no P.A confirmation buy orders seen in the current market environment.[/li][li]Areas to watch for sell orders: P.O: 1336.59 SL: 1343.47 TP: Dependent on approaching price action) P.A.C: There are currently no P.A confirmation sell orders seen in the current market environment.[/li][/ul]