abory Posted November 28, 2012 Report Share Posted November 28, 2012 Technical analysis of GBP/USD dated 28.11.2012 As it was mentioned in the previous analysis of this currency pair dated 19.11.2012, according to the technical formed signs there was the possibility of the price ascend which finally happened. The price ascends by making a bottom price on the level of 1.58277 and recording of it by ascending candle on 16th day and during this ascend could record the top price of 1.60542 . Right now the price has been stopped from ascending trend and there is a descending trend in the price chart. Formation of two candles with Small Body (formation of Hanging Man candlestick pattern is an important warning for the buyer’s loss in more ascend) after the big ascending candle on 23rd day shows indecision market for reaching to higher prices. The formed top price is on the resistance Fibonacci level of 61.8 which the price must break this level for more ascend and if not there is the possibility of reformation and downfall by this technical tool. Stoch indicator is in saturation buy area in daily time frame and warns the possibility of decrease of the price according to the next cycle. Generally until the top price of 1.60542 is preserved, there is the potential for decrease and descend of the price in this currency pair . Quote Link to comment Share on other sites More sharing options...
abory Posted November 30, 2012 Author Report Share Posted November 30, 2012 Technical analysis of EUR/AUD dated 30.11.2012 EUR/AUD by creating the bottom price of 1.21590 and recording of it by the ascending candle in the next week has been started to ascend and right now it is in ascending trend too. As it is obvious in the picture below, the mentioned bottom price by reaching to the supportive level (resistance to supportive) prevents from more descend and finally the price ascends. According to the formed movements in weekly time frame, there is Wolfe Wave ascending pattern which the 5th point of this pattern is completed and is going toward the target line. Stoch indicator is in saturation sell area and warns the buy signal and also warns the possibility of increase of the price during the next candles according to the next cycle. In daily time frame of this currency pair, the price is closed by passing the descending trend line and breaking of it above the 5- day moving average and there is the possibility of more ascends. Right now there is no clear and obvious reason for descending of the price in the mentioned time frames and according to the formed signs; there is the possibility of ascending in this currency pair. Quote Link to comment Share on other sites More sharing options...
abory Posted December 4, 2012 Author Report Share Posted December 4, 2012 Technical analysis of AUD/JPY dated 03.12.2012 As it was mentioned in the previous analysis of this currency pair dated 5.10.2012, according to the formed signs in the price chart, there was the possibility of ascending of the price which finally happened. The price during its ascending trend could record the top price of 86.414. Right now the price by reaching to the descending trend line (primary) has been stopped and the formation of this top price forms the third point of descending trend line and warns about descending of the price. RSI indicator is in saturation buy area and warns the possibility of decrease of the price according to the next cycle. The price from 11.11.2012 has experienced the ascending trend without the reformation and by formation of the top price of 86.414 and other signs, generally there is the possibility of price reformation of previous ascends. As it is obvious in the picture below, the price under the middle line of Andrews’ Pitchfork pattern has formed the top price which this technical pattern warns the descending of the price and changing the price direction .Generally according to the formed signs in this currency pair, until the third point of descending trend line is preserved, the price has the potential for decrease and descend. Quote Link to comment Share on other sites More sharing options...
abory Posted December 6, 2012 Author Report Share Posted December 6, 2012 Technical analysis of EUR/USD dated 06.12.2012 As it was mentioned in the previous analysis of this currency pair dated 01.10.2012, there was the possibility of the price ascend which finally the price passed the supportive level of 0.79230. The price during its ascend has recorded the resistance level of 0.81633 which is one of the important resistance level. The price during its downfall from the mentioned top price by reaching to the ascending trend line (the formation of the third point of ascending trend line) has been stopped from more descend and has recorded the bottom price of 0.795587 by closing of the daily ascending candle on 9th day. Stoch indicator shows the possibility of ascend (also the divergence mode with the price) in daily time frame according to the next cycle. In 4H time frame as it is obvious in the picture below , there is Wolfe Wave ascending pattern and warns the ascending of price up to the goal line . By the formation and completion of the 5th point of this pattern, there is a warning for ascend and increase of price. The price during its ascend from the 5th point of Wolfe wave pattern and reaching to the descending trend line is not able to ascend more and with the formation of two Shooting Star candlestick patterns has formed the top price of 0.80070 . Breaking of the descending trend line is the first important warning for ascending in this currency pair. Quote Link to comment Share on other sites More sharing options...
abory Posted December 7, 2012 Author Report Share Posted December 7, 2012 Technical analysis of CHF/JPY dated 07.12.2012 As it was mentioned in the previous analysis of this currency pair dated 29.10.2012. With the formation of Butterfly harmonic pattern and other signs, there was the possibility of the price descend which finally happened. The price has the ascending trend from the level of 83.247 and could record the top price of 89.373 that right now is the next nearest resistance level to the price. The price has been stopped by reaching to the resistance line of ascending channel and formed a top price on this line and according to the formation of the candlestick charts in this area shows the indecision market for continuing the movement. Right now the price is closed under 5- day moving average and there is a potential for a descending movement in this currency pair. As it is obvious in the picture below, the top price of 89.373 is formed under the Fibonacci resistance level of 78.6 which effect on the price like a resistance level. Generally according to the mentioned top price, there is the possibility of the price reformation and descend from this Fibonacci level. RSI indicator is in divergence mode with the price chart and made a top price in the same direction of the price chart and warns the possibility of descending of the price. Generally according to the formed signs until the top price of 89.737 is preserved, there is the potential for descending of the price in this currency pair. Quote Link to comment Share on other sites More sharing options...
abory Posted December 7, 2012 Author Report Share Posted December 7, 2012 Right now there is no clear and obvious reason for descending of the price in the mentioned time frames and according to the formed signs; there is the possibility of ascending in this currency pair. ---------------------------------- What DVDs You Want Is that We Are Pursuing, such as Once Upon a Time Season 2 DVD Have a good trading.... Please check https://fxglory.com/ for another update technical analysis. Quote Link to comment Share on other sites More sharing options...
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