FXGLORY Posted May 24, 2013 Author Report Share Posted May 24, 2013 Technical analysis of EUR/JPY dated 24.05.2013 EUR /JPY pair since 26.07.2012 till now was in a strong and consistent uptrend that buyers were able to achieve the highest price level of 133.753. As it was mentioned in one of the last year analysis of this currency pair dated 16.08.2012, according to the formed signs, there was the potential for ascending of the price in long term intervals which finally happened.Price during the uptrend by reaching to the important resistance level of number 1 monthly pivot and touching the Fibonacci resistance level of 50( from the top price of 169.860 to bottom price of 94.006) has been stopped from more ascends by creating a top price. In mentioned peak price (in daily time frame) there are two Shooting Star and Hanging Man candlestick pattern that warns about formation of a top price and descending of the price during the next days. According to the formed price movement, there is butterfly harmonic pattern between the bottom price of 118.609 and top price of 133.753 that warns about changing price direction from the D point of this pattern.RSI indication in daily and weekly time frame is in saturation buy area and in divergence mode with the price chart that confirms the harmonic pattern and warns about changing price direction. Currently by breaking the supportive level of 129.933, there will be an important warning for descending of the price. Generally until the top price of 133.753 is preserved, there is a potential for descending and price reformation in this currency pair. http://blog.fxglory.com/wp-content/uploads/2013/05/eurjpydaily.jpg FxGlory 2013.05.24 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted May 27, 2013 Author Report Share Posted May 27, 2013 Technical analysis of silver dated 27.05.2013 Silver chart since the middle of 2011 till now was in a downtrend accompanied with price reformation that sellers were successful in achieving the lowest price of 20.19. By formation of hammer candlestick pattern on 20th day in daily time frame, there is a warning for the first failure of sellers in achieving lower prices and formation of a bottom price for increasing of the price in this area. After formation of the mentioned candlestick pattern, price is range which shows indecision market for ascending or descending. Right now the bottom price of 20.19 is recorded that there is a possibility for ascending of the price. According to the formed movements in price chart, there is Crab harmonic pattern between the top price of 35.35 and the bottom price of 20.19 that warns about ascending of price from D point. RSI indicator in daily and weekly time frame is in saturation sell area ( also in divergence mode with the price chart in daily time frame ) and by the next cycle it confirms the harmonic D point and warns about the potential for ascending of price during the next candles in both time frame. If price rises and buyers success one of the price targets would be alterant level of 26.00. Generally according to the formed signs in price chart until the bottom price of 20.19 is preserved, price will have the potential for ascending and reformation. http://blog.fxglory.com/wp-content/uploads/2013/05/silverdaily.jpg FxGlory 2013.05.27 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted May 28, 2013 Author Report Share Posted May 28, 2013 Technical analysis of AUD/USD dated 28.05.2013 AUD/USD since 11.04.2013 till now was in a strong downtrend without a noticeable price reformation that sellers were successful in achieving the lowest price of 0.95909. Right now price has been stopped by reaching to the round level of 0.96000 and supportive levels’ range (made of 5 bottom prices dated back to 2010) and by making a bottom price had a little ascend. The bottom price of 0.95909 is recorded in 4H time frame , also in daily time frame it appeared by creating a Spinning top candlestick pattern which shows indecision market for ascending or descending and warns about the potential to stop declining of the price. Stoch indicator in 4H time frame is in saturation sell area and also in divergence mode with the price chart which confirms the bottom price of 0.95920 and warns about changing price direction. The first warning for ascending and price reformation is breaking the descending trend line (made of 3 peak prices). Generally according t the formed signs in the price chart until the supportive level of 0.95909 is preserved , price has the potential for reformation in this currency pair. http://blog.fxglory.com/wp-content/uploads/2013/05/audusdh4.jpg FxGlory 2013.05.28 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted May 29, 2013 Author Report Share Posted May 29, 2013 Technical analysis of USD/CAD dated 29.05.2013 As it was mentioned in previous analysis of this currency pair dated 10.05.2013, according to the formed signs in the price chary, there was a potential for ascending which finally happened. Buyers were able to achieve the highest price of 1.04202 during this uptrend. Right now price by reaching the resistance line of monthly pivot one and also by creating a peak price in 4H time frame has been stopped from more ascend. By forming a Engulfing candlestick pattern in mentioned top price, there is a potential for creating a top price and ten descending. As it is obvious in the picture below, between the bottom price of 1.02146 and top price of 1.04202, there is an AB=CD harmonic pattern with non-ideal ratios of 61.8 and 127.2 which warns about descending of the price from the D point of this pattern. RSI indicator is in saturation buy area and in divergence mode with the price chart warns about changing price direction during the next candles. As it was mentioned in previous analysis of this currency pair, according to the potential for ascending in long term intervals, the signals in time frames like 4H time frames are short and unstable. Currently until the mentioned top price is preserved, price has the potential for descending and if the resistance level of 1.04202 breaks, price will have the potential for ascending and reaching to the important resistance level of 1.04456. http://blog.fxglory.com/wp-content/uploads/2013/05/usdcadh4.jpg FxGlory 2013.05.29 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted May 30, 2013 Author Report Share Posted May 30, 2013 Technical analysis of USD/JPY dated 30.05.2013 USD/JPY since 23.09.2012 till now was in a strong and consistent uptrend that buyers were successful in achieving the highest price of 103.675. As it is obvious in the picture below, price has been stopped from more ascending by reaching to the resistance line of ( alterant level) made of two bottom prices and also Fibonacci resistance level of 38.2 and by closing the weakly candle as descending candle, the peak price of 103.675 has been recorded. Right now price in daily time frame and 4H time frame is closed under 5-day moving average and warns about descending of the price during the next candles. According to the strong and consistent uptrend, Stoch indicator is in saturation buy area and in divergence mode with the price chart that confirms the created top price and warns about the potential of changing price direction. Currently breaking the supportive level of 100.657 is the first warning for descending of the price. Generally according to the technical signs in the price chart, until the top price of 103.675 is preserved; there is the potential for descending and price reformation in this currency pair. http://blog.fxglory.com/wp-content/uploads/2013/05/usdjpyweekly.jpg FxGlory 2013.05.30 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted May 31, 2013 Author Report Share Posted May 31, 2013 Technical analysis of AUD/NZD dated 31.05.2013 As it was mentioned in previous technical analysis of this currency pair dated 15.05.2013 with breaking of the resistance level of 1.20885, there was the first warning for ascending of the price that finally because of the sell pressure, price was not successful in breaking the mentioned resistance level. Sellers during the recent descending trend were able to achieve the lowest price of 1.18139 which is the most important supportive level before the price. As it is obvious in the picture below between the top price of 1.28254 and bottom price of 1.18139, there is AB=CD harmonic pattern with the ratios of 76.4 and 161.8 that warns about the potential for ascending of the price. RSI indicator is in saturation sell area in daily and weekly time frame that confirms the harmonic D point and warns about changing price direction during the next candles. Between 24th and 30th days according to the shape of candles in daily time frame, there is important Evening Star pattern with 3 stars (also formation of ideal hammer candlestick pattern that warns the failure of sellers in achieving to the lower prices) that warns about ascending of the price in this price range. Generally according to the formed signs in price chart, until the bottom price of 1.18139 is preserved; price will have the potential for increasing and ascend. http://blog.fxglory.com/wp-content/uploads/2013/05/audnzddaily1.jpg FxGlory 2013.05.31 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 3, 2013 Author Report Share Posted June 3, 2013 Technical analysis of NZD/USD dated 03.06.2013 As it was mentioned in previous analysis of this currency pair dated 15.04.2013, according to the formed signs in the price chary, there was a potential for descending of price which finally happened. Sellers were successful in achieving the lowest price of 0.79366 in this downtrend. In long term time frames like monthly and weekly, price is closed under 5 day moving average and according to the monthly chart condition, there is the potential for descending of the price in long term interval. Right now, price has been stopped from more descend by recording the bottom price of 0.79366 that shows sellers’ retreat and cashing of their trades. According to the formed price movements, there is AB=CD harmonic pattern with idea ratios of 76.4 and 127.2 between the top price of 0.82120 and bottom price of 0.79366 that warns about ascending of the price from the D point of this pattern. Stoch indicator in 4H time frame is in saturation sell area and confirms the harmonic D point with its possible ascending cycle and warns about the potential of changing price direction during the next candles. Generally according to the formed signs in price chart until the mentioned bottom price is preserved, price will have the potential for reformation to the resistance level of 0.80039 and in the next stage to the descending trend line. http://blog.fxglory.com/wp-content/uploads/2013/06/nzdusdh4.jpg FxGlory 2013.06.03 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 4, 2013 Author Report Share Posted June 4, 2013 Technical analysis of GBP/NZD dated 04.06.2013 As it was mentioned in previous analysis of this currency pair dated 03.05.2013, according to the formed signs in the price chart, there was a potential for ascending of price which finally happened. Buyers were able to achieve the highest price of 1.91605 during this uptrend. Currently In long term time frames like monthly, weekly and daily, price is above 5 day moving average that warns the potential of ascending during the next candles. According to the potential of ascending in long term interval in this currency pair, likely descending signals in short term time frames will be temporary and unstable. According to the picture below, price with forming AB=CD harmonic pattern starts to ascend and buyers face a notable price increase. Currently price has been stopped by reaching to the resistance line (the alterant level made of two bottom prices) and with creating a bearish candle in daily time frame, points to buyers’ trades getting cash in this area. With breaking the resistance level of 1.91605, there is the possibility for ascending of the price to the descending trend line or weekly pivot 1 level. http://blog.fxglory.com/wp-content/uploads/2013/06/gbpnzdweekly.jpg FxGlory 2013.06.04 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 5, 2013 Author Report Share Posted June 5, 2013 Technical analysis of GBP/JPY dated 05.06.2013 GBP/JPY was in a strong and consistent uptrend during the recent months that buyers were successful in achieving the highest price of 156.658. According to the chart condition in long term time frames like monthly and weekly, there is the potential of ascending in long term interval of this currency pair and the most important buyers’ midterm goal is achieving the top price of 163.127 ( belong to 2009 ). There is a Hanging Man candlestick pattern in top price of 156.658 that warns the potential for formation of a successful top price and Vulnerability of ascending trend for buyers. With closing of the next bearish candle, this signal is fixed. According to the formed price movements in the chart, there is a butterfly harmonic pattern between the bottom price of 116.905 and top price of 156.658 that warns about descending of the price with completion of this pattern ending point. Stoch indicator in weekly time frame is in saturation buy area and warns about descending of price according to the next cycle during the next weeks. According to the current condition and ascending again from the bottom price of 151.824, the first important warning for descending is breaking of this supportive level. Generally according to the formed signs in price chart, until the top price of 156.658 is preserved, there is a potential for reformation and descending of the price in this currency pair. http://blog.fxglory.com/wp-content/uploads/2013/06/gbpjpyweekly.jpg FxGlory 2013.06.05 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 6, 2013 Author Report Share Posted June 6, 2013 Technical analysis of GBP/CHF dated 06.06.2013 As it was mentioned in previous analysis of this currency pair dated 22.05.2013 , according to the formed signs in the price chart, there was a potential for descending of price which finally happened.Sellers were successful in achieving the lowest price of 1.44549 in this downtrend. According to the continues formation of Spinning top candlestick pattern in recent days, it warns about indecision traders and inability of sellers in achieving the lower price in this currency pair.as it is obvious in the picture below , price has been stopped from more descending with reaching to the supportive level (alterant) and has formed a bottom price. Stoch indicator is in saturation sell area in daily time frame and it warns the potential for ascending of the price according to the next cycle. The first important warning for ascending of price is breaking of the 1.45790 resistance level(the highest level of price changes in previous day). The first price target of buyers is long term descending trend line in this currency pair. Generally until the bottom price of 1.44549 is preserved, the price has the potential for ascending in this currency pair. http://blog.fxglory.com/wp-content/uploads/2013/06/gbpchfdaily.jpg FxGlory 2013.06.06 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 7, 2013 Author Report Share Posted June 7, 2013 Technical analysis of EUR/CAD dated 07.06.2013 As it was mentioned in the previous analysis of this currency pair dated 14.05.2013 , according to the technical signs in the chart, there was the potential for ascending of price that finally happened. Price has increased form the third point of ascending trend line and buyers were successful in achieving the highest price level of 1.36318. Currently price in long term time frames is above 5-day moving average and warns about more ascending in long term interval of this currency pair. As it is obvious in the picture below, price is in an uptrend channel and breaking of the supportive line of this pattern will be the first warning for a price reformation. Right now the price has reached to the resistance level of weekly Pivot 2 and with forming Shooting Star candlestick pattern warns about formation of a top price (need to be confirmed by a bearish candle). According to the formed price movements in 4H time frame, RSI indicator is in saturation buy area and it is in divergence mode with the price chart that warns the potential for price reformation.As it was mentioned in the previous analysis of this currency pair, according to the ascending of price in long term interval, the signals of short term time frames are possible to be unstable and temporary. http://blog.fxglory.com/wp-content/uploads/2013/06/eurcadh4.jpg FxGlory 2013.06.07 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 10, 2013 Author Report Share Posted June 10, 2013 Technical analysis of EUR/AUD dated 10.06.2013 As it was mentioned in the previous analysis of this currency pair dated 15.01.2013 , according to the technical signs in the chart, there was the potential for ascending of price that finally happened. Buyers were successful in achieving the highest price level of 1.40431in this uptrend. Currently price in long term time frames such as monthly and weekly time frames is above 5-day moving average and warns about more ascending in long term interval of this currency pair. Right now price is near the round resistance level of 1.40000 which is one of the buyers price target in this uptrend and if it breaks in daily time frame, price will have the potential of reaching to the resistance level of 1.41400. According to the formed price movements in 4H time frame, RSI indicator is in saturation buy area and it is in divergence mode with the price chart that warns the potential for formation of a top price and changing price direction during the next candles. If the supportive level of 1.39717 breaks, there will be the first warning for price reformation in this currency pair and if the price decrease, one of the price targets will be the weekly pivot level which is obvious in the picture below. http://blog.fxglory.com/wp-content/uploads/2013/06/euraudh4.jpg FxGlory 2013.06.10 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 11, 2013 Author Report Share Posted June 11, 2013 Technical analysis of NZD/USD dated 11.06.2013 As it was mentioned in previous analysis of this currency pair dated 03.06.2013, according to the formed signs in the price chart, there was a potential for ascending of price to the specified resistance levels which finally happened and it touched those specified targets. Because of sell pressure and strong downtrend, ascending of price was not stable and sellers could achieve the lowest price of 0.78191. Currently price in long term time frames such as monthly and weekly is under 5-day moving average and warns more descending in long term interval. As it is obvious in the picture below, right now price during the downtrend has reached to the ascending trend line (made of 3 bottom prices) and if this supportive line breaks, price will have the potential of reaching to the important supportive level of 0.77300. According to the formed price movements in daily time frame, there is a butterfly harmonic pattern between the top price of 0.86738 and the recent descending that by completing the D point of this pattern (formation of an ascending candlestick pattern or a bullish candle); there is a warning about stopping of descending of the price. There is no clear sign for ascending of the price and the least sign for price reformation and increasing of the price is formation of a bottom price in 4H time frame. http://blog.fxglory.com/wp-content/uploads/2013/06/nzdusddaily.jpg FxGlory 2013.06.11 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 12, 2013 Author Report Share Posted June 12, 2013 Technical analysis of AUD/USD dated 12.06.2013 AUD/USD since 11.04.2013 had a strong and without reformation downtrend, that sellers during this downtrend were successful in achieving the lowest price of 0.93248.Price by reaching to the supportive level (alterant) and expansion Fibonacci range of 261.8 (ABC pattern) stopped from more descend and with forming a bottom price prepared a field for ascending. There is an AB=CD harmonic pattern with the ratios of 61.8 and 127.2 between the top price of 0.97909 and the bottom price of 0.93248 that prepared a field for ascending. Currently the mentioned bottom price is recorded in daily time frame and with formation of the hammer candlestick pattern that shows sellers failure in achieving the lower price warns about changing trend direction. RSI indicator is in saturation sell area in daily time frame and in divergence mode with the price chart that confirms the bottom price of 0.93248warns about changing trend direction. Generally until the supportive level of 0.93248 is preserved , the price will have the potential for reformation of descending trend and reaching to the weekly pivot 1 resistance level. http://blog.fxglory.com/wp-content/uploads/2013/06/audusddaily.jpg FxGlory 2013.06.12 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 13, 2013 Author Report Share Posted June 13, 2013 Technical analysis of GBP/USD dated 13.06.2013 GBP/USD from the bottom price of 1.50049 till now was in strong and consistent uptrend that buyers could achieve the highest price level of 1.56994.currently the price in weekly and daily time frame is above 5-day moving average and warns the potential of ascending in long period of time in this currency pair. Price by reaching to the round resistance level of 1.57000 and the resistance edge of uptrend channel has stopped from more ascend that shows buyers used this price level to exit their trades. Formation of Shooting Star and Hanging Man candlestick patterns with thin body in green area shows indecision market and vulnerability of ascending trend. According to the formed price movements, RSI indicator is in saturation buy area and in divergence mode with the price chart that confirms the top price of 1.56994 and warns about changing price direction. One of the important signs for descending is breaking of ascending trend line (made of 3 bottom prices). Generally according to the current situation in 4H time frame until the top price of 1.56994 is preserved, price will have the potential of descending but according to the potential of ascending in long period of time, the descending of price is temporary and unstable. http://blog.fxglory.com/wp-content/uploads/2013/06/gbpusdh4.jpg FxGlory 2013.06.13 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 14, 2013 Author Report Share Posted June 14, 2013 Technical analysis of USD/CHF dated 14.06.2013 USD/CHF from the top price of 0.98380 till now was in a downtrend that sellers were able to achieve the lowest price of 0.91308. As it is obvious in the picture below, price with formation of AB=CD harmonic pattern with ideal ratios of 61.8 and 161.8 has prepared the field for descending of the price from top price of 0.98380 that finally happened. Currently price with teaching to the ascending trend line ( made of 2 bottom prices) has been stopped from more descend and with forming of the Spinning Top candlestick pattern on yesterday, warns the possibility of formation of a bottom price which need the confirmation by the next bullish candle. Formation of the lower long shadow in the last day candle shows the failure of sellers in reaching to the lower prices. Stoch indicator is in saturation buy area and in divergence mode with the price chart in daily time frame that confirms the price level of 0.91308 and warns changing price direction during the next candles. The first warning for ascending of price is breaking of the resistance level (the yesterday highest price change) 0.92577. Generally according to the current situation of the price chart in daily time frame until the third point of ascending trend line is preserved, the price will have the potential to ascend and pass the mentioned bottom price. http://blog.fxglory.com/wp-content/uploads/2013/06/usdchfdaily.jpg FxGlory 2013.06.14 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 17, 2013 Author Report Share Posted June 17, 2013 Technical analysis of CHF/JPY dated 17.06.2013 As it was obvious in the previous technical analysis of this currency pair dated 16.05.2013 , according to the formed signs in price chart, the price has the potential of descending which finally happened. CHFJPY during the uptrend since 2012 with approaching to the highest historical level in the price chart has been stopped from more ascend and with formation of a top price and recording of it in weekly time frame warns the potential of reformation of the price in long period of time.Currently on monthly time frame in the previous candle , price has formed Spinning Top candle stick pattern that is the possible vulnerability of ascending trend on long period of time and also in weekly and daily time frames price is under 5-day moving average and warns about more descending during the next candles. Sellers during the recent descending were successful in achieving the lowest price of 101.799. As it is obvious in the picture below, price with reaching to the supportive edge of downtrend channel also alterant level range has been stopped from more descend and by forming a bottom price of 101.799 has prepared the field for ascending of price. In 4H time frame in green range, price has formed Evening Star candlestick pattern which is in the same direction with RSI indicator’s signal that warns about ascending of price during the next candle in midterm intervals. The first warning in this currency pair for descending of price (in the same direction of long term time frames) is breaking of the supportive level of 101.799. http://blog.fxglory.com/wp-content/uploads/2013/06/chfjpyh4.jpg FxGlory 2013.06.17 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 18, 2013 Author Report Share Posted June 18, 2013 Technical analysis of NZD/USD dated 18.06.2013 As it was mentioned in the previous technical analysis of this currency pair, according to the formed signs in the price chart, there is the potential of formation of a butterfly harmonic pattern which finally happened and price has ascend to the level of 0.81364. price in daily time frame created hammer candle stick pattern in bottom price of 0.77622 and has provided ascending of price and stop loss of price. In weekly time frame, price with creating four points on ascending trend line warns stopping of price downfall against monthly time frame. stoch indicator is in saturation sell area confirms the mentioned bottom price and warns the potential of ascending of price according to the next cycle. Currently sellers were successful in descending of price in midterm interval and the first sign for buyers with formation of a bottom price and recording of it in 4H time frame is breaking of 0.80105 level that provide ascending of price in the same direction of butterfly harmonic pattern signal. http://blog.fxglory.com/wp-content/uploads/2013/06/nzdusddaily1.jpg FxGlory 2013.06.18 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 19, 2013 Author Report Share Posted June 19, 2013 Technical analysis of AUD/JPY dated 19.06.2013 AUD/JPY with formation of the top price of 105.349 has started to descend and sellers were successful in achieving the lower price of 88.897.Currently price in monthly, weekly and daily time frames is under 5-day moving average that shows a consistent descending trend with the potential of more downfalls in long period of time. Price during the downtrend with reaching to the ascending trend line (made of 2 bottom prices) and also alterant levels’ range has stopped from more downfalls and with formation of Inverted Hammer and Hammer candlestick patterns shows the vulnerability of the downtrend. Stopping of price at mentioned Support levels indicates some sellers use them to exit their trades.Currently due to the recent heavy decline, RSI indicator is in saturation sell area that warns about formation of a bottom price in this area. The first warning for price reformation and beginning of an ascend is breaking of the resistance level of 90.704. Currently according to unclear signs for ascending of price in long term time frames, if the supportive level of 88.897 breaks, price will have the potential for descending to the important supportive level of 88.000. http://blog.fxglory.com/wp-content/uploads/2013/06/audjpydaily.jpg FxGlory 2013.06.19 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 24, 2013 Author Report Share Posted June 24, 2013 Technical analysis of AUD/CAD dated 24.06.2013 AUD/CAD since 11.04.2013 was in strong and consistent downtrend that sellers were successful in achieving the lowest price level of 0.94740. On 20th day price with reaching to the round supportive level of 0.95000 and also the alterant level (made of two peak prices) has been stopped form more descend and with formation of hammer candlestick pattern warns about formation of a bottom price. Formation of long lower shadow at the end of 20th day shows sellers failure in reaching to the lower prices. In daily time frame with closing of bullish candle at the end of 21st day and its combination with two previous candles has made an important Morning Star candlestick pattern which warns about formation of a successful bottom price and ascending of price during the next candles. With this downtrend, RSI indicator is in saturation sell area and in divergence mode with the price chart that warns changing price direction. Generally according to the formed signs in the chart, until the bottom price of 0.94740 is preserved, price has the potential to ascend. http://blog.fxglory.com/wp-content/uploads/2013/06/audcaddaily.jpg FxGlory 2013.06.24 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 25, 2013 Author Report Share Posted June 25, 2013 Technical analysis of AUD/USD dated 25.06.2013 As it was mentioned in technical analysis of this currency pair dated 12.06.2013 , according to the formed signs, price had the potential for ascending to the specified resistance level which finally happened. Price after touching the target price starts to descend and sellers were successful in reaching the lowest price of 0.91457. With formation of Inverted Hammer candlestick pattern at the end of 21st day, there is a warning for Vulnerability of downtrend and formation of a bottom price that with closing of a bullish candle in the next day it will be recorded. Currently RSI indicator is in saturation sell area and in divergence mode with price chart that confirms the bottom price of 0.91457 and warns changing price direction during the next candles. In daily time frame between the top price of 0.97928 and the bottom price of 0.91457, there is AB=CD harmonic pattern with ratios of 61.8 and 127.2 that with completion of the D point there will be a warning for ascending of price. Generally according to the formed signs until the bottom price of 0.91457 is preserved, price will have the potential of increasing. http://blog.fxglory.com/wp-content/uploads/2013/06/audusddaily1.jpg FxGlory 2013.06.25 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 26, 2013 Author Report Share Posted June 26, 2013 Technical analysis of USD/CAD dated 26.06.2013 USD/CAD during the recent week was in a strong and consistent uptrend that buyers were successful in achieving the highest price of 1.05543. Right now price in long time frames such as monthly, weekly and daily is above 5-day moving average and warns about price increase in long period of time. Price has been stopped from more ascend by reaching to the specified resistance levels in the picture below and with exit of some buyers from their trades at the end of 24th and 25th days, the Shooting Star and Spinning Top candlestick patterns have been created. These candles shows vulnerability and indecision market in ascending or descending of price that for confirmation it needs closing of a bearish candle. According to the formed price movements in the chart, between the bottom price of 0.98093 and top price of 1.05543,there is AB=CD harmonic pattern with ideal ratios of 61.8 and 161.8 (also at CD wave there us another pattern with ratios of 61.8 and 127.2) that with completion of the D point there will be a warning for descending of price. Stoch indicator is in saturation buy area in daily time frame that warns the potential of formation of a top price and a little price reformation in this range. One of the important warnings for decreasing of is breaking of supportive level of 1.45059 (Low level of price changes in the previous daily candle). http://blog.fxglory.com/wp-content/uploads/2013/06/usdcaddaily.jpg FxGlory 2013.06.26 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 27, 2013 Author Report Share Posted June 27, 2013 Technical analysis of NZD/USD dated 27.06.2013 NZD/USD was in a downtrend that sellers were successful in achieving the lowest price of 0.76821. Price has been stopped from more descending by reaching to the specified supportive levels made of one alterant level (with two resistance level) in the picture below, also the blue supportive level and with indecision market and sellers’ retreat, price was successful to ascend. Right now price in daily time frame price is above 5-day moving average and warns the potential of ascending of price during the next candles. Formation and repeating the Spinning Top candlestick pattern on 21st, 24th and 25th days shows indecision market in ascending or descending and vulnerability of downtrend which prepare the field for formation of a bottom price. In daily time frame Stoch indicator is in saturation sell area and with the next cycle warns about the ascending of price from the bottom price of 0.76821. Generally according to the formed signs in the price chart until the mentioned bottom price is preserved, price has the potential for ascending at least to the resistance level of 0.79500 or descending trend line. http://blog.fxglory.com/wp-content/uploads/2013/06/nzdusddaily2.jpg FxGlory 2013.06.27 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 28, 2013 Author Report Share Posted June 28, 2013 Technical analysis of Gold dated 28.06.2013 Gold chart since last year was in strong and consistent downtrend that sellers were successful in achieving the lowest price of 1180.41. Price has been stopped from more descending with reaching to the supportive edge of Andrew’s Pitchfork technical pattern and also the supportive round level of 1200.00(sellers use this lever to exit their trades) and starts to ascend. Right now in long term time frames such as monthly and weekly, price is closed under 5-day moving average that shows a consistent downtrend and more descending in long period of time. According to the formed movement price in the chart, there is a butterfly harmonic pattern between the top price of 1487.68 and bottom price of 1180.41 that with completion of the D point (formation of reversal candlestick pattern or bullish candle) there is a warning for price reformation. Stoch indicator in daily time frame (also in 4H time frame) is in saturation sell area and with the next cycle warns about ascending of price during the next candles. According to the current selling in the Gold price, there is not any clear sign for ascending of the price and the least sign for stopping of decreasing of price in daily time frame is formation of a bottom price (D point) and recording of it. If the level of 1180.41 breaks, price will have the potential for descending to the round supportive level of 1100.00. http://blog.fxglory.com/wp-content/uploads/2013/06/golddaily.jpg FxGlory 2013.06.28 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted July 1, 2013 Author Report Share Posted July 1, 2013 Technical analysis of silver dated 01.07.2013 Price since the end of 2012 till now was in strong and consistent downtrend with a little price reformation and sellers were successful in achieving the lowest price of 18.22. Right now price is under 5-day moving average in long term time frames like monthly and weekly. And warns about the potential of more descend. According to the recent downtrend price is in saturation sell area and there is a potential for price reformation. Price has formed a bottom price with reaching to the specified supportive levels in the picture below and it has stopped from more descend and has started a little ascend with shows exit of some sellers from their trades. In weekly time frame with formation of hammer candlestick pattern in previous candle, there is a warning for formation of a bottom price (need to be recorded) and vulnerability of downtrend. RSI indicator is in saturation sell area and in divergence mode with the price chart in daily time frame that confirms the bottom price of 18.22 and warns about changing price direction. Currently the first important warning for ascending of price is breaking of the resistance level of 20.10. Generally until the mentioned bottom price is preserved, there is the potential for downtrend reformation. http://blog.fxglory.com/wp-content/uploads/2013/07/silverdaily.jpg FxGlory 2013.07.01 Quote Link to comment Share on other sites More sharing options...
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