FXGLORY Posted June 11, 2012 Author Report Share Posted June 11, 2012 Technical analysis of GBP /USD 06.11.2012 The GBP /USD currency pair is in an ascending trend right now. This trend has started from the green tape which consists of several supportive levels. The currency pair was stopped and started falling when it reached the transformative level during the ascending trend and reforming of the previous movement. This transformative level played the role of a resistance level. Right now, this resistance level is one of the most resistance levels which the price is obliged to pass it to continue its ascending trend. The price is closed above the average movement of the past 5 days and until when the descending candle is not closed we cannot expect the ascending of the price and important reforms. As we pointed out in the technical analysis of 06.04.2012, the price is making a third point in the ascending trend line. Right now, this bottom price is formed and there is a weekly ascending candle on the line too. Also, the Stoch indicator is in the saturation area of sell and there is agood potential for formation of an ascending cycle. Until when this ascending trend’s line is not broken, we can hope ascending of the price from the formed third point of ascending trend’s line. The most important resistance level: R1=1.55984 R2=1.58000 http://blog.fxglory.com/wp-content/uploads/2012/06/gbp22012.06.11.jpg Written by the technical team of FxGlory Brokerage Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 12, 2012 Author Report Share Posted June 12, 2012 Technical analysis of USD/JPY 06.12.2012 When the price touched the long term descending trend’s line on 15th and 21th of March, it was not able to pass the line. After this, the price started falling which you can see it in the picture. Descend of the prices continued until the transformative line and then it stopped there. Right now, the descending trend’s line is broken in the daily time frame and the price top of 79.782 is registered and therefore, the warning of the formation of an ascending trend is issued. There is the possibility of an ascend of the price by considering that an ascending candle is closed on the supportive line and the current ascending cycle of Stoch indicator and the progress of the price toward the descending trend’s line in the weekly chart. You can see in the 1 and 4 hour time frame a pennant pattern. This pattern is always a pattern which continues the trend and it forms when the market is resting. Right now, the price is falling after reaching the supportive line of the pennant pattern. http://blog.fxglory.com/wp-content/uploads/2012/06/usdjpy1-2012.06.12.jpg Written by the technical team of FxGlory Brokerage Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 13, 2012 Author Report Share Posted June 13, 2012 Technical analysis of CHF/JPY 06.13.2012 The CHF/JPY was stopped during its descending trend when it reached to the old ascending trend’s line on 1st of June. The bottom prices of this currency pair formed on 2008 and 2010. Right now, in the weekly time frame the price reacted to the ascending trend line very well and leaded the price to the upper parts of the chart. Also, the Stoch indicator is in the saturation sell area. Therefore, there is a good possibility of ascending of the price. The drawn green line in the chart is another supportive line which along with the ascending trend’s line played the role of a supportive level. The price was stopped and formed a candle pattern of Shooting Star, when the price continued its ascend and reached the descending trend’s line, and issued a good warning for the buyers about formation of a top price and ascending trend. This descending trend has prevented the fall of the price for 6 times and played an important role. Considering the possibility of ascend and its potential in the weekly time frame, the price should break the descending tend line and pass it. http://blog.fxglory.com/wp-content/uploads/2012/06/CHFJPY2-2012.06.13.jpg Written by the technical team of FxGlory Brokerage Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 15, 2012 Author Report Share Posted June 15, 2012 Technical analysis of AUD/USD 06.15.2012 In our previous technical analysis about AUD/USD on 06.05.2012, we predicted the warning of ascend of the price by considering the technical signs. The price was reached to the resistance Andrew’s Pitchfork pattern in its ascending trend, and therefore the price had a little descend. But, it passes this pattern because of the longing of the buy and locating in the saturation area of sell. Right now, the price is closed above the average of the last 5 days in the daily time frame. We cannot see a strong reason of the descending of the price. Hypothetically, if the price continues its ascending trend, the most important resistance level will be the drawn descending trend’s line consists of A and C point and it is also the next target of resistance level. Right now, this currency pair is in the ascending trend. Considering the potential of ascend in the weekly time frame (right now, a bottom price is formed in the time frame and the Stoch indicator confirm this ascend) this potential is increasing. http://blog.fxglory.com/wp-content/uploads/2012/06/AUDUSD-2012.06.15.jpg FxGlory Broker 2012.06.15 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 18, 2012 Author Report Share Posted June 18, 2012 Technical analysis of gold on 06.18.2012 As we predicted by the technical signs in the charton 05.28.2012 that there was the possibility of ascend of the price and increase of the price, we see this ascend in the chart. the price started its ascend from the third bottom price of supportive level ( determined with the green color) and right now the price reached to the resistance level and descending trend’s line and stopped there. This resistance line has prevented the increase of the price twice and now is doing it for the third time. (By a close reviewing, we will understand that the main reason of this stop on 15th of May was a shorter descending line which consists of 2 top prices of 1st of May and 6th of June) If the daily candle of today were closed in ascending trend, we would be considered as a broken line. But, if the daily candle were closed in a descending trend and under the line, there would form a top price on the line. Right now, the blue and green supportive levels are the most supportive level which prevent the fall of the price. On the other hand, the red and black lines are important resistance levels.If the price breaks the initial descending trend’s lines, we can expect the ascend of the price from the red descending trend’s line. http://blog.fxglory.com/wp-content/uploads/2012/06/Gold-1-2012.06.18.jpg FxGlory Broker 2012.06.18 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 19, 2012 Author Report Share Posted June 19, 2012 Technical analysis of gold on 06.18.2012 As we predicted by the technical signs in the charton 05.28.2012 that there was the possibility of ascend of the price and increase of the price, we see this ascend in the chart. the price started its ascend from the third bottom price of supportive level ( determined with the green color) and right now the price reached to the resistance level and descending trend’s line and stopped there. This resistance line has prevented the increase of the price twice and now is doing it for the third time. (By a close reviewing, we will understand that the main reason of this stop on 15th of May was a shorter descending line which consists of 2 top prices of 1st of May and 6th of June) If the daily candle of today were closed in ascending trend, we would be considered as a broken line. But, if the daily candle were closed in a descending trend and under the line, there would form a top price on the line. Right now, the blue and green supportive levels are the most supportive level which prevent the fall of the price. On the other hand, the red and black lines are important resistance levels.If the price breaks the initial descending trend’s lines, we can expect the ascend of the price from the red descending trend’s line. http://blog.fxglory.com/wp-content/uploads/2012/06/Gold-1-2012.06.18.jpg FxGlory Broker 2012.06.18 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 19, 2012 Author Report Share Posted June 19, 2012 Technical analysis of USD/CHF 06.19.2012 The USD/CHF currency pair after its ascending trend and registering the 0.97691 was stopped and started its fall. Right now, the price formed its descending channel pattern during its fall. You can see this pattern in the 4h time frame. Right now, the price is stooped by reaching the descending trend’s line and formed a top price. It necessary to mention that, this resistance line has prevented ascend of the price twice. The Stoch indicator is in the saturation buy area and issued the warning of the formation of top price and the falling of the price. until, this formed top price is not broken, we can expect the descend of the price and decrease of the price in the USD/CHF chart. http://blog.fxglory.com/wp-content/uploads/2012/06/USDCHF2012.06.19.jpg FxGlory Broker 2012.06.19 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 21, 2012 Author Report Share Posted June 21, 2012 Technical analysis of AUDUSD 06.21.2012 We predicted the possibility of an ascending movement and locating in the determined target in our previous analysis on 06.15.2012. Right now, the price reached a very important resistance level, which is a transitive kind, and is stopped there and had a weak falling. The price is in saturation sell area in the daily time frame and also the Stoch indicator confirms this situation. Therefore, there is the possibility of forming top price and a fall in the price, however, the direction of the movement is not the same with the weekly time frame and therefore, the accuracy of this prediction is not confirmed. The price is closed under the average of the moving of 5 days and right now is reached to the ascending line. This line plays the role of a supporting level for the price. The price should break this line to be able to continue its descending movement. This line is not an ideal supporting line by considering the steep slope of the ascending trend and the potential of a fall in the daily time frame. We expected the descend of the price and reform of the price by considering the daily time frame. Until the formed tip price is not broken, we cannot expect more reform in the price. AUDUSD,Daily AUDUSD,H4 http://blog.fxglory.com/wp-content/uploads/2012/06/AUDUSD.-2012.06.22.jpg FxGlory 2012.06.21 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 22, 2012 Author Report Share Posted June 22, 2012 Technical analysis of CHF/JPY 06.22.2012 As we predicted the possibility of the price and stop of the falling of the price on 06.13.2012, now you can see in the chart that the price has ascended. The price could not continue its ascending trend after recording the 84.597 and the Shooting Star candle pattern is formed in the daily time frame. In order to continue its ascending trend, the price should break this pattern and also it should pass the upper edge of the ascending channel in the 4h time frame. The nearest supporting level for the price is 83.547 level and in the next level is the ascending trend line of the ascending channel which can prevent more ascend of the price. The Shooting Star cadle pattern is located on the descending trend’s line in the daily time frame and therefore issued the falling signal. If the daily candle did not close above the Shooting Star candle pattern, there would be the possibility of the descend from the third point of descending trend’s line. http://blog.fxglory.com/wp-content/uploads/2012/06/CHFJPY-2012.06.22-2.jpg FxGlory 2012.06.22 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 25, 2012 Author Report Share Posted June 25, 2012 Technical analysis of USD/JPY on 06.25.2012 The USD/JPY will ascend to the 79.773 after breaking the descending trend’s line in the daily time frame. And then again start its falling, however, finally, it will create a bottom price and ascend after facing the descending trend’s line which has the supportive role after breaking. Right now, as we mentioned before, by considering the weekly time frame the potential of an ascend is strengthen. In the 4h time frame, after reaching the resistance level, the price is not able to ascend more and therefore, a top price is formed in these areas. Right now, the price is in the saturation buy situation, and RSI indicator confirms this idea too and issued the warning of the top price for falling of the price. Until the formed top price (determined by red color) is not broken, we can expect the decreasing of the price. http://blog.fxglory.com/wp-content/uploads/2012/06/USDJPY.1-2012.06.25.jpg FxGlory 2012.06.25 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 26, 2012 Author Report Share Posted June 26, 2012 Technical analysis of Gold on 26.06.2012 Right now, the chart of gold has shown a fragile fall because of created top price of 1588.31 and we can notice the intention of descending movement in the 4h time frame by considering the top price, however, this idea is not valuable by considering the daily time frame and we can expect the break of the price. Now, the gold is located in the area of the supportive and resistance levels which prevents the increasing and decreasing of the price twice. We have drawn these lines in the below picture. Considering the daily time frame, (ascending of the price from the fourth point of the ascending line and the ascending cycle of Stoch indicator) and the possible start of the ascending cycle of the price until when the blue ascending trend line is stable, we can expect the reaching and ascending of the price to the resistance line. http://blog.fxglory.com/wp-content/uploads/2012/06/Gold-2012.06.26.jpg FxGlory 2012.06.26 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 27, 2012 Author Report Share Posted June 27, 2012 EUR/USD ascending or descending The EUR/USD will stop the descending trend and start to ascend from 1 of Jun after its strong fall. This ascending and reformation of the price will continue to the 1.27418 (the price will be reformed for about 38.2) and finally will stop and start falling at the resistance level of 38.2 Fibonacci. As you can see in the below picture, Right now, the price has formed a candle with a long bottom shadow after reaching the supportive level. This candle is the sign of defeat of the seller in order to get reach a lower price comparing to the May’s. The RSI indicator and the price are in the divergence mode and they issued the warning of a bottom price and ascend of the price. we can expect the ascend of the price until the formed bottom price is not broken. If the supportive level broke, the price would descend and reach the supportive level of 1st of June. http://blog.fxglory.com/wp-content/uploads/2012/06/EURUSD-2012.06.27.jpg FxGlory 2012.06.27 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted June 29, 2012 Author Report Share Posted June 29, 2012 The currency pair of EUR/JPY will ascend to 101.609 and then will stop there after breaking and passing the descending trend line. The resistance level of 38.2 of Fibonacci is the reason of the stop of the price in that level. When the price breaks this descending trend and will back toward this line. When the price reached there, it will stop there (supportive level) and ascend again which is a good opportunity (for buying and entrance to the ascending trend) for using this transformative line. Right now, this EUR/JPY has formed a bottom price in some areas of supportive level. Also, in the daily time frame, some candles with small bodies are formed on 26th and 27th which is the sign of buyers’ wait for lower price. Until when the formed bottom price of 98.773 is kept, we can expect ascend of the price in the chart. http://blog.fxglory.com/wp-content/uploads/2012/06/EURJPY-Analysis-2012.06.28.gif FxGlory 2012.06.29 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted July 3, 2012 Author Report Share Posted July 3, 2012 EUR/USD ascending or descending As we mentioned about the possibility of ascend of the price in our previous technical analysis on 06.27.2012, you can notice that the price has ascended. In a long term period and range we expected ascending and increasing of the price by considering the monthly and weekly time frame. In the monthly time frame the price returned to the higher areas of the chart by touching a supporting line which belongs to 2008. Because this supporting line was successful in increasing the price in 2010, thus, there is the possibility of a successful ascending from this supportive line again. In the weekly time frame, the price is located in the blue line of supporting line which was formed from the bottom price. Generally, the price is going to reach to the red supportive line and also the Stoch indicator is in the ascending cycle and therefore we can expect ascend of the price. Right now, the price has fallen from the 1.26915 top price (due to the strong and quick ascend, the falling was predictable). Now, the price is between the supportive and resistance lines, as you can see in the below picture, in the 1h timeframe. To continue its ascend; the price should break the red resistance line. Until when the green supportive area is untouched and safe, we can expect ascend of the price and reaching the 1.26915 top price in the first phase. http://blog.fxglory.com/wp-content/uploads/2012/07/EURUSD-2012.07.03.jpg FxGlory 2012.07.03 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted July 5, 2012 Author Report Share Posted July 5, 2012 Technical analysis of EUR/AUD on 07.05.2012 The EUR/AUD is in a descending situation and we do not see any sign of reformation and return of the price. Right now, the price is located in the lowest level of itself in the past 20 years. This level belongs to the 07.02.2012. Right now, the price is trying to the green supportive level to reform itself and then start its ascending movement, but because of the pressure of the selling and powerful descending trend, this try has not been successful yet. Right now, the rice is located in the saturation area of sell. In case of keeping the supportive areas, we can expect the reform of the price. http://blog.fxglory.com/wp-content/uploads/2012/07/2012.07.05-EURAUD.jpg FxGlory 2012.07.05 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted July 6, 2012 Author Report Share Posted July 6, 2012 Technical analysis of NZDUSD The NZDUSD currency pair ascended from the 0.74570 bottom price and it is stopped after recording the 0.80742 level and reaching the descending trend line and resistance levels. Right now, two important resistance levels are preventing ascending of the price. These two levels are: Transformative level, which consists of two bottom price, and is playing the role of resistance level. Descending trend line which is consists of two top prices. in case of falling of the price the current top price will form the third point of the descending trend line in the daily time frame. The price is located in the saturation sell area and the RSI indicator confirms this state. Also by considering the recent peaks of the price chart and divergence indicator, we notice that they are issuing the warning of the changing in the trend of the market.If the descending candle were closed today, we can hope more ascend of the price. Generally, if the current peak of the price is safe, we can expect more descend of the price and its reform in this chart. http://blog.fxglory.com/wp-content/uploads/2012/07/NZDUSD-2012.07.06.jpg FxGlory 2012.07.06 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted July 10, 2012 Author Report Share Posted July 10, 2012 Technical analysis of USD/CAD 07.10.2012 The USD/CAD stopped when it reached the drawn red resistance line. It was not able to pass the lien and started its falling. This resistance line is taken from the supportive blue line which has prevented the falling of the price three times. This currency pair is located in the descending channel. If the price ascended, this line would be the next most important resistance line of the channel. Right now, the price has formed the 1.01869 bottom price and the buyers are trying to take the 1.02196 resistance level. http://blog.fxglory.com/wp-content/uploads/2012/07/Untitled-1.jpg FxGlory 2012.07.10 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted July 11, 2012 Author Report Share Posted July 11, 2012 (edited) Gold between the Supportive and resistance lines Right now, the gold is located between the important supportive and resistance areas. These levels had leaded the price to the ascending and descending trends several times. Right now, as you can see in the below picture, the price started its falling and it has been stopped after reaching the descending trend’s line on 3rd of July. After reaching, the price formed the third point of the descending trend and during its return the price has been stopped by reaching the blue supportive lien. Right now, the formed bottom price is stable and the buyers hope for ascending of the price, reaching and passing the descending trend’s line. http://blog.fxglory.com/wp-content/uploads/2012/07/Gold-2012.07.11-300x178.gif FxGlory 2012.07.11 Edited July 11, 2012 by FXGLORY Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted July 12, 2012 Author Report Share Posted July 12, 2012 Technical analysis of GBP/CHF 07.12.2012 Right now, the ascending trend of GBP/CHF currency pair has been stopped and it is not able to reach the higher prices. The price has recorded the 1.52538 level during its ascending trend. The shape of candle is closed like Doji Pattern because of the movement of the price in last day. This candle issues the warning of the formation of atop price. this pattern is located on the red line of resistance trend which consists of two resistance points which right now is preventing the ascend of the price. Also, the Stoch indicator is located in the saturation buy are and show the potential of falling of the price. An ideal harmonic pattern AB=CD In the daily time frame we can find the harmonic pattern of AB=CD in an ideal situation which has the ratios of 61.8=161.8 and right now, is issuing the warning of falling of the price. By the way, until when the formed peak of the price is maintained, we can expect the falling and reform of the price. http://blog.fxglory.com/wp-content/uploads/2012/07/2012.07.12-GBPCHF.jpg FxGlory 2012.07.12 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted July 16, 2012 Author Report Share Posted July 16, 2012 Technical analysis of USD/CHF 07.16.2012 The USD/CHF has registered the 0.98720 level during its ascending process and right now this level is the nearest and the most important resistance level in front of the currency pair. Currently the ascending trend is stopped and there is a top price. The formed peak of the price is potential for a descending trend and reform of the price. Stoch indicator also is located in the saturation buy are and by considering the next cycle is issuing the warning of falling of the price. In the daily time frame we are noticing the butterfly pattern which is complete now and is issuing the warning of the falling of the price. Mostly, this pattern is formed at the bottom of the price trends and usually they are considered as the begging of a reformation process. Considering the formed top price, until this peak of the price is not broken, we can expect descend and falling of the price. http://blog.fxglory.com/wp-content/uploads/2012/07/USDCHF-2012.07.16.jpg 2012.07.16 FxGlory Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted July 18, 2012 Author Report Share Posted July 18, 2012 Technical analysis of EUR/JPY 07.18.2012 After recording the 96.154 level during the descending trend, the falling movement of the EUR/JPY will be stopped and will form a bottom price. The current bottom price will be formed on the transformative line (which has been descending trend line). This bottom price consists of three resistance points and also two supportive bottoms. Right now, this supportive bottom is supporting the 96.154 level. Right now, in the daily time frame, an ascending harmonic pattern of Bat has been formed due to the movement of the price in the chart. This pattern is issuing the warning of starting of an ascending trend and finish of the falling of the price. Also, Stoch indicator is located in the saturation area of sell and is confirming the ideal harmonic by considering the next cycle. By considering the formed technical pattern, we can expect ascend and increase of the price until point D is untouched. http://blog.fxglory.com/wp-content/uploads/2012/07/EURJPY-2012.07.18.jpg FxGlory 2012.07.18 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted July 19, 2012 Author Report Share Posted July 19, 2012 Technical analysis of EUR/USD 19.07.2012 Right now, the EUR/USD is located in the areas between the supportive and resistance lines and it recorded the 1.22959 level during its last ascend. Formation of this top price is caused by the descending trend line of the two previous top prices. Right now, in the daily time frame, a bottom price is formed on 12th and 13th of July due to the intense falling of this currency pair. These bottom prices issue the possibility of ascending in the price for the buyers as far as they are safe. The two drawn lines in the below chart can continue the trend if they broke. http://blog.fxglory.com/wp-content/uploads/2012/07/EURUSD-2012.07.19.jpg FxGlory 2012.07.19 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted July 20, 2012 Author Report Share Posted July 20, 2012 Technical analysis of USD/CAD 07.20.2012 USD/CAD started its falling after recording the 1.04447 level and was not able to continue its ascending trend. Right now, in the recent falls, this currency pair is located in a descending channel which you can see in the below picture. Also, we can see a Andrew’s Pitchfork pattern during the descending trend which has been acting good since 12th of July and the price has fallen. (The price has been stopped by facing the resistance edge of fork pattern and it was expected that a top price has been formed in this area). Now, the price has been faced with the supportive edge of the descending channel and therefore has formed a bottom price. This bottom price has recorded the 1.00634 level. Also, RSA indicator is in the sell saturation area and we can expect the formation of a bottom price and after that ascend of the price. Right now, the price is not able for more descending and therefore, has formed a bottom price and as far as that, this bottom price is exists, we can expect the reform of previous trend in this chart. http://blog.fxglory.com/wp-content/uploads/2012/07/usdcad-2012.07.20.gif FxGlory 2012.07.20 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted July 23, 2012 Author Report Share Posted July 23, 2012 Technical analysis of AUD/USD 07.23.2012 The AUD/USD has recorded the 1.04429 level as the highest resistance level since its ascending trend on 06.01.2012. There is a resistance area in this level which consists of two top prices. These top prices prevented more ascend of the price which is indicated by the red line in the below picture. Right now, the price has formed a top price on the resistance line and the price started falling. If the falling of the price continues the most important supportive level will be the blue supportive line which consists of four bottom price. Also, the Stoch indicator is increasing the possibility of descend of the price by stabling its position in the saturation buy area and its current signal. Considering the daily time frame and closure of the descending candle in the mentioned top price, we can expect descend of the price. Until the formed top price on the red resistance level is maintained, there is the possibility of descend of the price. http://blog.fxglory.com/wp-content/uploads/2012/07/2012.07.23-AUDUSD.jpg FxGlory 2012.07.23 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted July 24, 2012 Author Report Share Posted July 24, 2012 Technical analysis of GPB/CHF 07.24.2012 The GPB/CHF currency pair has started its ascending trend since 08.10.2011 and it was able to continue this trend up to now with some small reforms. It recorded the 1.54652 level during its ascending trend. The price is now located in an ascending channel. Also the price has been stopped when it reached the resistance line and has formed a top price. Therefore, the price has descended a little. Right now, in this currency pair, the Stoch indicator is located in the saturation buy area and by considering the next cycle, there is the possibility of descend of theprice. Also, this indicator is the divergence mode with the price.The general trend is an ascending trend in this currency pair, however, as far as the existence of the top price on the channel, we can expect the descend of the price. http://blog.fxglory.com/wp-content/uploads/2012/07/GBPCHF-2012.07.24.jpg FxGlory 2012.07.24 Quote Link to comment Share on other sites More sharing options...
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