FXGLORY Posted November 22, 2012 Author Report Share Posted November 22, 2012 http://blog.fxglory.com/wp-content/uploads/2012/05/FXGLORY.jpg Second FXGlory Contest In second time FxGlory brokerage manifests itself like a sponsor of FXMIM contest. Everyone can participate and win in this contest easily.one of the great advantages of this contest is having 20 winners, which increase the participant’s hope for being among one of the top ranking,and other is ,all the prizes are in cash and are withdraw-able at the end of the contest without any limitation; Also all accounts are real cent accounts and clients must deposit at least 1$ for starting the contest.after the contest all accounts will convert to dollar accounts and clients can withdraw their balances. Contest Prizes: 1st : 20,000$ 2nd : 10,000$ 3rd : 5,000$ 4th : 3000$ 5th : 1000$ 6th 600$ 7th to 20th winner prize is 100$ Registration Time: 10th to 30th November Contest Time: 3rd to 8th December For more information visit: fxmim.com Best Regards Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted November 23, 2012 Author Report Share Posted November 23, 2012 Technical analysis of EUR/GBP dated 23.11.2012 As it was mentioned in the previous analysis of this currency pair dated 12.11.2012, according to the formed signs, there was the possibility of the price ascends which finally happened. The price by making the third point on ascending trend line at the level of 0.79587 and fixing of it starts to ascend and there is no clear reason for descending in the daily time frame .as it is obvious in the picture below, the price on 15th day reached to the target price which Wolfe Wave pattern was predicted and after that decreased. This shows the importance of the technical pattern in analysis.Right now the price by breaking the resistance level of 0.80639 and being above the 5-day moving average, there is the possibility of more ascends during the next days. Stoch indicator is near the saturation buy area and warns the possibility of increase of the price during of the next candles. Generally until there is no sign for the formation of a top price in daily time frame, the price has the potential for more ascend in this currency pair. http://blog.fxglory.com/wp-content/uploads/2012/11/EURGBP-201.11.23.jpg FxGlory 2012.11.23 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted November 26, 2012 Author Report Share Posted November 26, 2012 Technical analysis of GBP/JPY dated 26.11.2012 GBP/JPY during the previous days had a good ascending trend without price reformation and could record the top price of 132.414 which is the nearest level in front of the price. The price by reaching to the resistance edge of ascending channel has made a top price that by closing of descending candle under the this resistance edge this top price will be confirmed . as it is obvious in the picture below , the price during its ascend has formed the AB=CD harmonic pattern with the non ideal 78.6 and 161.8 ratios which by completion of the D point of this pattern , there will be a warning for descending of the price.RSI indicator is in saturation buy area in daily time frame also in divergence mode with the price chart that warns the possibility of descending of the price. Generally until the top price of 132.414 is preserved, the price has the potential of descending and the ascending trend reformation. http://blog.fxglory.com/wp-content/uploads/2012/11/2012.11.26.jpg FxGlory 2012.11.26 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted November 27, 2012 Author Report Share Posted November 27, 2012 Technical analysis of NZD/USD dated 27.11.2012 As it was mentioned in the previous analysis of this currency pair dated 16.11.2012, according to the technical formed signs there was the possibility of the price ascend from the bottom price of 0.80776 which finally happened. The mentioned bottom price is formed on ascending trend line and the supportive edge of descending channel that recording this bottom price ( by the next ascending candle ) there is a warning for ascending of price . The price during its ascend has recorded the resistance level of 0.82475 and it has been stopped from more ascend by reaching to the resistance edge of descending channel. The first important warning for more descend is the breaking of the supportive level of 0.82109 which is the lowest changing level candle on 26th day. According to the weekly time frame of this currency pair which there is more ascending trend , if the bottom price of 0.82109 is preserved ,there will be the possibility of more ascend and catching the resistance edge of descending channel ( second ) . Generally now the price is not able to pass the resistance edge of descending channel (first) and until this top price is preserved on the level of 0.82475, there is the possibility of descending of the price. http://blog.fxglory.com/wp-content/uploads/2012/11/Untitled-110.jpg FxGlory 2012.11.27 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted November 28, 2012 Author 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 . http://blog.fxglory.com/wp-content/uploads/2012/11/Untitled-112.jpg FxGlory 2012.11.28 Quote Link to comment Share on other sites More sharing options...
FXGLORY 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. FxGlory 2012.11.30 http://blog.fxglory.com/wp-content/uploads/2012/11/2012.11.30.png Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted December 3, 2012 Author Report Share Posted December 3, 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. http://blog.fxglory.com/wp-content/uploads/2012/12/audjpy.gif FxGlory 2012.12.03 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted December 6, 2012 Author Report Share Posted December 6, 2012 Technical analysis of EUR/USD dated 06.12.2012 EUR/USD during its ascending trend has recorded the top price of 1.31248. Right now this level is the nearest next resistance level of the price that by breaking of this level, there is the warning for more ascends. As it is obvious in the picture below, the price has been stopped from more ascend during its ascend from the bottom price of 1.26605 and reaching to the descending trend line. Right now there is a descending trend in the chart and the previous day daily candle had a long upper shadow in a descending trend which is the reason for the failure of the buyers in reaching to the upper price.The top price of 1.31248 is surrounded by the two descending trend line and the third point of both descending trend lines is formed and warns the descending of the price. Stoch indicator is in saturation buy area and also is in divergence mood with the price chart which makes its signal stronger. Generally until these third points of descending trend lines are preserved, the price has the potential for descending in this currency pair. http://blog.fxglory.com/wp-content/uploads/2012/12/EURUSD-2012.12.06.jpg FxGlory 2012.12.06 Quote Link to comment Share on other sites More sharing options...
FXGLORY 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. http://blog.fxglory.com/wp-content/uploads/2012/12/CHFJPY-2012.12.07.jpg FxGlory 2012.12.07 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted December 19, 2012 Author Report Share Posted December 19, 2012 Gold Analysis Gold chart after touch the price 1754.34 on 26.11.2012 show bearish trend. Now in lowest price it can register as low as 1660.84 and now this the most important support level. Price while it’s bearish trend with touching 1672.85 and support line that drawn also , shapes a hammer candle in that region. There is a long down shadow indicates doubts in sellers to reach lower prices.This support line is proved with bullish candles occurred after hammer candle already. As shown in figure there is a Wolfe Wave pattern ,shaped by its 5th point that indicates probability to be bullish till it’s target (Green line). Stoch indicator also show saturating in sell zone and show some probability for bullish trend starting. Totally while price respects support line 1660.84 , bullish trend is more probable. http://blog.fxglory.com/wp-content/uploads/2012/12/Untitled-1.jpg FxGlory 2012.12.19 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted December 20, 2012 Author Report Share Posted December 20, 2012 USDCAD Analysis(2012.12.20) USD/CAD pair in it’s bearish trend registers 0.98236 as lowest price and after building this support starts bullish trend. This new trend as shown in H4 time frame can break bearish trend line that resist 3 times before breaking. This break turn on alarms for bullish trend plus that price is closed above 5D MA already. As sellers and buyers have this sight view , we can see long down shadow for the candle with low price 0.98798 that shows inefficient sellers try to sell.Totally most important alarm for starting bullish trend is closing bullish candle above resistance level 0.98911 and break it in this pair. In daily time frame for this pair Stoch indicator indicates bullish probabilities in furthermore candles. Until support level 0.98236 is steady , price have a good potential for touch higher prices in this pair. http://blog.fxglory.com/wp-content/uploads/2012/12/Untitled-11.jpg FxGlory 2012.12.20 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted December 21, 2012 Author Report Share Posted December 21, 2012 USDCHF Analysis(2012.12.21) USD/CHF during it’s bearish trend touched 0.90837 and this support is the most efficient support already. In 19th daily candle is a hammer candle that indicates sellers can’t make lower prices, next candle with a tiny body (Like doji but not exactly) show us may be we have a change in trend to bullish. As we see in figure in the daily time frame there is a butterfly pattern (harmonic method) that AB=CD in the pattern shaped 50/200 , ideal situation for AB=CD pattern. Stoch indicator in daily time frame is in sell saturated region and probably is an alarm for bullish trend starting. RSI indicator also alarmed for changing trend to bullish. While support line 0.90837 respected , price will have potential to pull up and make a bullish trend. http://blog.fxglory.com/wp-content/uploads/2012/12/USDCHF-2012.12.21.jpg FxGlory 2012.12.21 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted January 2, 2013 Author Report Share Posted January 2, 2013 Technical analysis of EUR/CAD date 02.01.2013 EUR/CAD during its ascending trend has been stopped by reaching to the resistance edge of ascending channel and has formed the top price of 1.31845 as it is obvious in the picture below. Right now this top price is recorded by the descending candle after it. In the mentioned top price there is Hanging Man candlestick pattern which warns the possibility of formation of a top price and doubt in more ascending trend. 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. As it is obvious in the picture below,the AB=CD harmonic pattern is formed with the ideal ratios of 78.6 and 127.2 in this currency pair that with the formation of D point , there is the possibility of decrease and descend during the next days. The price has been stopped from more descend during it downfall by reaching to the supportive level of 1.30233 (Change of polarity). Right now the mentioned alterant level is an obstacle for the price and breaking of this line is a warning for more descend. Generally according to the formed signs in the chart, until the top price of 1.31845 is preserved, there is the possibility of descending of the price in this chart. http://blog.fxglory.com/wp-content/uploads/2013/01/2013.01.02-EURCAD.jpg FxGlory 2013.01.02 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted January 3, 2013 Author Report Share Posted January 3, 2013 Technical analysis of EUR/JPY dated 03.01.2013 As it was mentioned in the previous analysis of this currency pair dated 06.11.2012 according to the formed signs and the Wolfe wave technical pattern, there was the possibility of ascending of the price till the target line which finally happened. The price during its ascend has recorded the top price of 116.000 and this level was in the attention of many traders specially buyers because of being rounded and has been used as a target price.Right now this price level is the nearest and important resistance level in front of price (also because of being rounded is important). As it is obvious in the picture below, in daily time frame the price has been stopped by reaching to the descending trend line and Stoch indicator is in saturation buy area warns the possibility of decrease of the price according to the next cycle. Right now the daily candle of the previous day is closed in a descending trend and shows the descending trend in daily and weekly time frame of this currency pair. Generally until the top price of 116.000 is preserved, there is the possibility of recent ascending trend reformation. http://blog.fxglory.com/wp-content/uploads/2013/01/2013.01.03-EURJPY.jpg FxGlory 2013.01.03 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted January 4, 2013 Author Report Share Posted January 4, 2013 Technical analysis of USD/CHF dated 04.01.2013 As it was mentioned in the previous analysis of this currency pair dated 21.12.2012 according to the technical formed signs, there was the possibility of ascending of the price which finally happened. Right now the price is above 5-Day moving average and the daily candle of the previous day was closed in an ascending trend which warns the possibility of more ascend of price. With the formation of Hammer candlestick pattern in weekly time frame and formation of the bottom price of 0.90820 the price has been stopped from more descend and there is the possibility of price ascending from this bottom price.Stoch indicator is in saturation sell area in weekly time frame and warns the possibility of ascending of the price during the next weeks. Right now there is not any clear technical signs for descending of the price in this currency pair and the previous technical analysis of this currency pair dated 21.12.2012 is still preserved. http://blog.fxglory.com/wp-content/uploads/2013/01/Untitled-1.jpg FxGlory 2013.01.04 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted January 7, 2013 Author Report Share Posted January 7, 2013 Technical analysis of GBP/CHF dated 07.01.2013 GBP/CHF could record the bottom price of 1.46906 during its descending trend and right now this bottom price is the most important supportive level in front of price. The weekly candle which has relatively long lower shadow is the reason for the attention of the traders to the supportive level at 10.06.2012 which prevents from more descend of price. Right now the price formed a bottom price in supportive level of 1.46906 which is closed above the 5-day moving average and warns the possibility of ascending of the price. Stoch indicator is in saturation sell area in this time frame and warns the possibility of ascending of the price during next weeks according to the next cycle. In 4H time frame of this currency pair, generally the price is in a descending trend range and the drawn descending trend line in the picture below is one of the most important resistance levels in front of price. The price by making the bottom price of 1.48339 shows its first warning for catching the descending trend line and having an ascending trend.Stoch indicator is in saturation sell area in 4H time frame and warns the possibility of ascending of the price according to the next cycle. Generally until the bottom price of 1.46906 is preserved, there is the possibility of increase and ascend of price in this currency pair. http://blog.fxglory.com/wp-content/uploads/2013/01/Untitled-11.jpg FxGlory 2013.01.07 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted January 8, 2013 Author Report Share Posted January 8, 2013 Technical analysis of CAD/JPY dated 08.01.2013 CAD/JPY could record the top price of 89.479 during its ascending trend and right now this is one of the most important resistance levels in front of the price. The price by reaching and touching the resistance level of 89.479 (which is formed on 08.04.2011) could not pass it and the buyers retreated in this stage. There is an AB=CD harmonic pattern between the bottom price of 72.171 and the top price of 89.479 with the ratios of 78.6 and 127.2 that by completing the ending point of this pattern, there is warning for descending of the price.Stoch indicator is in saturation buy area and according to the next cycle warns the possibility of decrease of the price during the next days. According to this point, this currency pair has experienced the strong ascending trend in the past and if the price level of 89.479 will be preserved, it has the potential of price reformation. http://blog.fxglory.com/wp-content/uploads/2013/01/CADJPY-2013.01.08.jpg FxGlory 2013.01.08 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted January 9, 2013 Author Report Share Posted January 9, 2013 Technical analysis of gold dated 09.01.2013 Gold chart from late 2011 till now have fluctuated in the range of two important support and resistance levels of 1789.06 and 1530.17. These levels were important top and bottom prices of Gold 5 times. Right now Gold during it descend recorded the level of 1626.42 and has been stopped from more descend. This level is established as the bottom price after closing of the next candles. As it is obvious in the picture below, Gold is in a downtrend channel which the price find an ascending trend by facing its supportive edge and the formation of the long lower shadow in 04.01.2013 candle shows the importance of these levels and the attention of all traders to them (Also in this area there is a alterant level that completes the supportive edge of downtrend channel).There is an AB=CD harmonic pattern between the resistance level of 1789.06 and the supportive level of 1626.42 with the ratios of 61.8 and 161.8 that by completing of the D point in this pattern, there is warning for ascending of the price. RSI indicator is in saturation sell area follows the bottom price of 1626.42 and warns the possibility of ascend during the next days. Generally until the supportive edge of downtrend channel is preserved, there is the possibility of ascending of the price. http://blog.fxglory.com/wp-content/uploads/2013/01/Untitled-12.jpg FxGlory 2013.01.09 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted January 10, 2013 Author Report Share Posted January 10, 2013 Technical analysis of silver dated 10.01.2013 Silver chart has been stopped during its descending trend from the top price of 35.35 and reaching to the important supportive level which is determined in the picture below, and the sellers are capable of reaching to the lower prices. Price during its descend could record the bottom price of 29.19 which is one of the most important supportive levels in front of the price. Formation of the long lower shadow on determined supportive levels shows the attention of traders to this area and doubts of sellers to continue their ways.As it is obvious in the picture below, according to the formed signs in daily time frame, the AB=CD harmonic pattern with the ideal ratios of 78.6 and 127.2 is formed and by completing of the D point, there is a warning for ascending of the price. Stoch warns the possibility of ascending of the price according to the next cycle during the next days. Generally according to the formed signs until the bottom price of 29.19 is preserved, there is the possibility of increase and ascending of price in this chart. http://blog.fxglory.com/wp-content/uploads/2013/01/Untitled-13.jpg FxGlory 2013.01.10 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted January 11, 2013 Author Report Share Posted January 11, 2013 Technical analysis of AUD/JPY dated 11.01.2013 AUD/JPY could experience a good ascend without price reformation during its strong ascend and right now it has recorded the top price of 94.552 and this is one of the most important resistance level in front of the price. According to the recent strong ascend and without reformation of this currency pair, there is the possibility of price reformation. As it is obvious in the picture below, in the weekly time frame the price during its ascend has reached and touched the red resistance line, and there is the possibility of formation of a top price in descending direction and revert or ascending stop. There is AB = CD harmonic pattern between the bottom price of 72.044 and the top price of 94.552 according to the formed price movement that by completing of the D point, there is a warning for descending of the price in this currency pair. In 4H time frame there is an Shooting Star candle stick pattern at the top price of 94.522 that shows the failure of the sellers in reaching to the higher prices temporary. The mentioned top price is in Fibonacci level of 200 and there is the possibility of descending of the price from this resistance level. Stoch indicator is in saturation buy area in 4H time frame and warns the possibility of decreasing of the price according to the next cycle. Generally according to the recent strong ascend and formed signs, there is the possibility of price reformation in this chart. http://blog.fxglory.com/wp-content/uploads/2013/01/Untitled-14.jpg FxGlory 2013.01.11 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted January 14, 2013 Author Report Share Posted January 14, 2013 Technical analysis of USD/CHF dated 14.01.2013 Right now USD/CHF is in descending trend in 4H time frame and could record the bottom price of 0.91089 during its descend. The price by reaching to the ascending trend line which is drawn in the picture below could not pass the supportive level and by forming the bottom price of 0.91089 provides a field for price reformation. Right now the mentioned top price is recorded by the next ascending candles and the price is above 5-Day moving average which warns the possibility of ascends during the next candles.There is a Bat harmonic pattern between the bottom price of 0.90900 and the top price of 0.93021 according to the formed movements that by completing of the D point, there is a warning for increase of price in this area. RSI indicator confirms the bottom price of 0.91089 and it is in saturation sell area and warns the ascending of price. Generally according to the formed signs until the bottom price of 0.90828 is preserved, there is a potential for ascending and price reformation in this currency pair. http://blog.fxglory.com/wp-content/uploads/2013/01/Untitled-15.jpg FxGlory 2013.01.14 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted January 23, 2013 Author Report Share Posted January 23, 2013 Technical analysis of EUR/CAD dated 23.01.2013 As it was mentioned in the previous analysis of this currency pair on 02.01.2013 according to the formed signs there was the potential for descending of the price which finally happened and because of not being in the same direction with larger time frames, the price could ascend again. The price has been stopped by reaching to the resistance level of ascending channel during its ascend and could record the top price of 1.32568 and right now this resistance level is the most important resistance level in front of the price. Formation of a candle with small body and a spinning top candlestick pattern shows the indecision market for ascending or descending and warns the formation of a top price in this area. Stoch indicator in daily time frame is in saturation buy area and warns the potential for descending and reformation according to the next cycle. According to this point in weekly time frame there is no clear reason for descending of the price and the price is above 5-day moving average. By breaking of the top price of 1.32568, there is a warning for ascending of the price up to the resistance level of 1.33333. http://blog.fxglory.com/wp-content/uploads/2013/01/Untitled-19.jpg FxGlory 2013.01.23 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted January 24, 2013 Author Report Share Posted January 24, 2013 Technical analysis of EUR/NZD dated 24.01.2013 EUR/NZD from 2009 in a long term interval was in a strong descending trend and could record the bottom price of 1.49689. as it is obvious in the picture below, the price by reaching to the historical supportive level of 1.52126 ( formed on 1988 ) after testing this level was not able to cross it and descend more and in this area a bottom price is formed by closing of the next ascending candles. Right now it seems that price is in saturation sell area and according to the descending trend there is not a significant price reformation.RSI Indicator is near the saturation sell area in monthly time frame and warns the potential for ascending of the price. In daily time frame of this currency pair, there is a Wolfe wave pattern which the price from the 5th point of this pattern starts to ascend and follows the target line. Generally in long term interval until the bottom price of 1.52126 is preserved, the price will have the potential for reformation in this currency pair during the next months. http://blog.fxglory.com/wp-content/uploads/2013/01/Untitled-110.jpg FxGlory 2013.01.24 Quote Link to comment Share on other sites More sharing options...
FXGLORY Posted January 25, 2013 Author Report Share Posted January 25, 2013 Technical analysis of USD/CAD dated 25.01.2013 USD/CAD from 2002 is in long term interval, generally it is in a descending trend and right now it is in the range of lowest historical prices. In monthly time frame of this currency pair, the price by making a hammer candlestick pattern in the level of 0.96385 by the next candles has ascended. This is a reason for failure of sellers in reaching to the lower prices. According to the long descending trend of this currency pair from 2002, it is in saturation sell area and there is the potential for ascending and reformation of the price during the next months.As it is obvious in the picture below according to the formed movement in the chart, there is Gartley harmonic pattern with the ideal ratios that with the formation of the D point of this pattern, there is a warning for increase and ascend of price. Generally until the bottom price of 0.96385 is preserved, the price has the potential for ascending from the harmonic pattern. http://blog.fxglory.com/wp-content/uploads/2013/01/Untitled-111.jpg FxGlory 2013.01.25 Quote Link to comment Share on other sites More sharing options...
loll Posted January 26, 2013 Report Share Posted January 26, 2013 the jpy is on a hot run right now.. its not used to good moves usually Quote Link to comment Share on other sites More sharing options...
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