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Thread: Daily Technical Analysis by PipSafe

  1. #111

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    EUR/USD chart has experienced a strong descending trend during the recent Days that could record the bottom price of 1.22486.as it is obvious in the picture below , price has been stopped from more descending with reaching to the Up Trendline( made of 2 bottom prices) and has formed a bottom price.As it is obvious in the picture below between the top price of 1.25993 and the bottom price of 1.22486, there is an ideal AB=CD harmonic pattern with the ratios of 61.8 and 161.8 that with completion of the D point (also formation of Crab pattern in CD wave), there is a potential for ascending of price.RSI indicator is in saturation Sell area and in divergence mode with the price chart in H4 time frame that confirms the price level of 1.22486 and warns changing price direction during the next candles.Generally until the price level of 1.22486 is preserved, price will have the potential for reformation and ascending.


  2. #112

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    CHF/JPY was in a strong ascending trend and without reformation that could record the top price of 124.567 which is the next nearest resistance level of this currency pair.This currency pair by reaching to the obstacle such as the Fibonacci level of 2.24 (resistance level) and the round price level of 124.500 has been stopped from more ascend that shows buyers used this price level to exit their trades.

    Currently in daily time frame with formation of Dark Cloud Cover candlestick pattern (the failure of buyers in reaching to the higher prices) price has been stopped from more ascending and there is a possibility of formation of a top price and finally descending of the price.As it is obvious in the picture below, between the bottom price of 111.214 and the top price of 124.567 there is ABC harmonic pattern with the Fibonacci ratio 2.24 that warns about descending of the price.RSI indicator in this time frame and in Weekly time frame is in saturation buy area and in divergence mode with the price chart that warns about the potential of changing price direction and a price reformation.



  3. #113

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    AUD/USD had a strong and without reformation descending trend during the recent weeks and could record the bottom price of 0.82295.As it is obvious in the picture below, the price has been stopped by reaching to the supportive line which is made of 2 bottom prices and has recorded the bottom price of 0.82295 on this line (Spinning Top Pattern). According to the strong downfall of price from the top price of 0.93921, it seems that the price is saturation sell area and there is the possibility of price reformation.

    As it is obvious in the picture below, there is AB=CD harmonic pattern with ratios of 78.6 and 127.2 between the bottom price of 0.82295 and the top price of 0.975442 that warns changing price direction from D point.Stoch indicator is in saturation sell area and confirms the harmonic D point and potential for ascending of the price.The first warning for ascending in this currency pair is breaking of the Resistance level of 0.833727.Generally until the Support level of 0.82295 on supportive line is preserved, the price has the potential for reformation and ascends in this currency pair.



  4. #114

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    NZD/USD since 11.07.2014 was in a strong and without reformation downtrend that shows the certainty of the sellers in achieving the predetermined goals. Sellers during this downtrend were successful in achieving the lowest price of 0.76056.Price during the Increase by reaching to the Down Trendline(made of 3 top prices)also the R1-WP has been stopped from more ascending and right now some of the buyers by reaching to these resistance levels started to cash their trades.

    According to the formed price movements in H4 time frame, there is a Bat harmonic pattern between the top price of 0.78701 and the recent ascending that by completing the D point of this pattern ,there is a warning about stopping of ascending of the price.Stoch indicator in 4H time frame is in saturation buy area and with the next cycle warns about descending of price during the next candles, but because of lack of coordination with the daily time frame is not much valid.Given the current situation of price, the best confirmations for ascending and reformation of price is the price should break Down Trendline and pass it.



  5. #115

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    Technical Analysis of USD/CHF Dates 2014.12.12

    USD/CHF during the recent weeks was in a strong and consistent uptrend that buyers were successful in achieving the highest price of 0.98187.Right now price in long time frames such as monthly and weekly 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 chart below and with exit of some buyers from their trades at the end of 8th day.

    As it is obvious in the picture below, price during the descending has touched the Up Trendline (made of 2 bottom prices) has created the Spinning top candlestick patterns which shows indecision marker for ascending or descending .Please note that there is a Wolfe wave Pattern which its 5 point is complete and goes toward the goal.Until when the red tape is in the USD/CHF chart, we have the hope of the reform of the previous trend although, it may be a fragile and weak reform.

    USD/CHF Chart dated 2014.12.12

  6. #116

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    USDJPY has been very volatile and at present its only good for making short trades, it might make a short upward move.

  7. #117

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    Technical Analysis of AUD/USD Dates 2014.12.16

    AUD/USD was in a strong and consistent downtrend during the recent weeks that sellers were successful in obtaining the lowest price of 0.82000. price with reaching to the supportive level which is shown in the picture below ( made of 4 bottom prices) and the important round level of 0.82000 has stopped from more descend( sellers used this level to exit their trades) and with formation of a bottom price in H4 time frame has prepared a field for ascending of price.

    As it is obvious in the picture below, between the top price of 0.87957 and bottom price of 0.82009 there is ABC harmonic pattern with ratio 2.24 that warns the potential of ascending from the C point of this pattern.RSI indicator is in saturation sell area in daily and H4 time frame that confirms the harmonic C point and warns about changing price direction during the next candles.Generally until the bottom price of 0.82009 is preserved, the price has the potential for ascending in this currency pair.



  8. #118

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    Technical Analysis of EUR/AUD Dates 2014.12.17

    EUR/AUD was in a strong and consistent uptrend during the recent weeks that Buyers were successful in obtaining the highest price of 1.53302.Currently price in long term time frames such as monthly and weekly is above 5-day moving average and warns more ascending in long term interval.As it is obvious in the picture below, between the top price of 1.53302 and bottom price of 1.38067 there is AB=CD harmonic pattern with ratios of 50 and 161.8 that warns the potential of descending from the D point of this pattern.

    RSI indicator is in saturation BUY area in h4 and daily time frames and in divergence mode with the price chart that warns about changing price direction during the next days.According to the current situation there is not any clear reason about descending of price in long term time frames such as monthly,weekly and daily. The least sign for descending of price is formation of a top price and recording of it in daily time frame.


  9. #119

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    Technical Analysis of AUD/NZD Dates 2014.12.18

    AUD/NZD during the recent weeks was in a strong and consistent downtrend that Sellers were successful in achieving the lowest price of 1.04713.Price has been stopped from more descend by reaching to the specified support levels(261.8 and WPP) in the picture below and with exit of some Sellers from their trades, the ideal Hammer (H4) and Spinning Top candlestick(Daily) 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 bullish candle.

    As it is obvious in the picture below, between the top price of 1.13010 and bottom price of 10.4713 there is ABC harmonic pattern with ratio of 261.8 that warns the potential of ascending from the C point of this pattern.RSI indicator is in saturation sell area in daily(also h4) time frame and in divergence mode with the price chart that warns about changing price direction during the next days. The first important warning for ascending of price is breaking of the 1.05998 resistance level(the highest level of price changes in previous day).


  10. #120

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    Technical Analysis of AUD/CHF Dates 2014.12.19

    AUD/CHF during the recent weeks was in an descending trend that Sellers were successful in reaching to the lowest price of 0.78295.The price has stopped from more descend by reaching to the support edge of down channel(also Monthly s3 pivot point) and a bottom price was created on the support line by the Sellers retreat.Right now the price level of 0.78295 is known as a bottom price by closing of the ascending candle.

    As it is obvious in the picture below, there is a harmonic Bat pattern between the bottom price of 0.78295 and the top price of 0.87363 that there is a potential for changing price direction from D point of this pattern.Stoch indicator in daily time frame is in saturation sell area and confirms the D point of Bat harmonic pattern and make the potential for a price upside possible.Generally until the price level of 0.78295 is preserved, price will have the potential for reformation and ascending.



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