usdnok_demand_level
Forex USDNOK strong daily demand level at 8.45
30th December 2016
forex_euraud_demand_weekly
Forex EURAUD : Potential new weekly demand zone forming
2nd January 2017
eurusd_supply_level

EURUSD daily supply level at 1.0618 triggered as described in previous supply and demand analysis for EURUSD, Daily supply in control. Monthly and weekly downtrend. Short bias at new levels of supply, this daily supply zone already playing out. Room to parity level. Daily bearish trendline was updated from a previous EURUSD analysis, Daily supply location at weekly bearish trendline confluence and accomplishment (took out weekly demand level) were great for a short.

 

eurusd_supply_level

Alfonso Moreno
Alfonso Moreno
Full time trader, expert technical analyst and founder of Set and Forget supply and demand online trading community. Traveler, photographer and adventurer.

2 Comments

  1. Michael says:

    Hi Alfonso,
    Can i have a question about trendline? In video 19th december you had trendline more agressive two peaks and in this image do you have another trendline.

    • Hello Michael, this change was explained in the community’s live threads. That last peak is more like a pause. Daily supply had a very good location at the weekly bearish trendline confluence for shorts. Not only that but that D1 supply zone took out a weekly demand zone, very strong.

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