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Thread: Daily Technical Analysis by PipSafe

  1. #41

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    GBP/USD had an ascending trend without a noticeable reformation during the recent weeks that shows buyer certainty in reaching to the predetermined targets. The price could record the top price of 1.70000 in Weekly time frame which is fixed by descending candle(Shooting Star Pattern).The price by reaching to the resistance Up Channel edge and also the round resistance level of 1.70000 (buyers use these levels to exit their trades) has been stopped from more ascend and by forming a Harami candlestick patterns( possibility of formation of a top price and changing price direction)and fixing of it by a descending candle has prepared the field for creating a top price and a descending trend.

    Currently price is under 5-day moving average in daily and 4H time frames that warns about descending of price during the next candles.As it is obvious in the picture below, there is an AB=CD harmonic pattern between the bottom price of 1.62491 and the top price of 1.70000 with none-ideal ratios of 61.8 to 127.2 that warns about descending of price from the D point of this pattern.As it is obvious in the picture bellow, according to the formed movements, the price is in divergence mode with Stoch indicator and confirms the mentioned top price is Daily time frame which generally warns the possibility of changing price direction.Generally until the price level of 1.70000 is preserved, price will have the potential for reformation and descending.

    Technical Analysis of GBP/USD dated 2014.05.13


  2. #42

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    AUD/CAD in recent weeks, has been experienced many reformation with a gradual Down trend that sellers down price increases obtained the lowest price of 1.01133.Currently price in weekly  and H4 time frames is under 5-day moving average that shows descending of price during the net candles. In Weekly time frame of this currency pair, the price is closed by passing the ascending trend line( made of 9 bottom prices)  and breaking of it under the 5- day moving average and there is the possibility of more descends.

    With formation of Shooting star candlestick pattern in daily time frame, there is a warning for Vulnerability of uptrend and formation of a Top price. As it is obvious in the picture below, there is Gartley pattern between the bottom price of 0.91723 and the top price of 1.03486 that there is a potential for ceasing of price from D point of this pattern. Generally until the price level of 1.02611 is preserved, price will have the potential for reformation and descending.

    Technical analysis of AUD/CAD dated 2014.05.15


  3. #43

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    As it was mentioned in the previous analysis of this currency pair dated 27.03.2014, according to the technical formed signs there was the possibility of the price descend which finally happened.Sellers were successful in reaching to the lowest price of 1.48314 and after that the price has started to increase. The price by reaching to the Up Trendline (made of 4 bottom prices) which is drawn in the picture below could not pass the supportive level and by forming the bottom price of 1.48314(Hammer Pattern) provides a field for price reformation. Right now price is over 5-day moving average in daily and 4H time frames and warns about more ascend.

    As it is obvious in the picture below, between the Top price of 1.55842 and the bottom price of 1.48314 there is none-ideal AB=CD harmonic pattern with the Fibonacci ratios of 50 and 127.2 (also Butterfly harmonic pattern) that warns about ascending of the price.RSI indicator is in saturation sell area that confirms the current harmonic pattern with the next cycle but because of non-compliance and coordination with larger time frames(such as weekly and monthly), this signal is not much valid. Generally according to the formed signs in daily time frame, until the bottom price of 1.48314 is preserved, the price has the potential for reformation.


    Technical Analysis of EUR/CAD dated of 2014.05.21



  4. #44

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    USD/JPY from Top price of 104.124 was in downtrend that Sellers could achieve the lowest level of 100.836. Price has been stopped from more descending with reaching to the specified supportive level(Support Zone) and with closing of the bullish candle(Spinning Top!), there is a warning for changing price direction. Formation and repeating the Hammer and Spinning Top candlestick patterns on 19st, 20th and 21th days shows indecision market in ascending or descending and vulnerability of downtrend which prepare the field for formation of a bottom price.

    Right now price is above 5-day moving average in short term time frames such as H4 and H1 daily that shows a consistent uptrend in short period of time. As it is obvious in the picture below between the top price of 103.010 and bottom price of 100.836, there is AB=CD harmonic pattern with the ratios of 61.8 and 161.8 that warns about the potential for ascending of the price. Stoch indicator is in saturation sell area and in divergence mode with the price chart confirms the D point of harmonic patterns and warns about potential of ascending during the next candles. Generally according to the current situation until the bottom price of 100.836 (D harmonic point) is preserved m there is a potential for ascending and increasing of the price in short period of time.

    Technical Analysis of USD/JPY dated 2014.05.22

  5. #45

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    As it was mentioned in the previous analysis of this currency pair dated 2014.05.07, 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 0.89708.Currently in 4H time frame with formation of Engulfing candlestick pattern (the failure of buyers in reaching to the highest 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.

    RSI indicator is in saturation buy area and in divergence mode with the price chart, warns about formation of a top price. According to the long term time frames like Daily and Weekly time frames, there is not any clear reason for descending of the price and the price in both time frames is closed above 5day moving average. This situation shows unstable reformation and descends in 4 H time frame. Generally until the top price of 0.89708 is preserved, the price has the potential for descending and reformation in this currency pair and by breaking this price level in 4H time frame, there is the possibility of more ascending of price ( according to the technical analysis of 2014.05.07).

    Technical Analysis of USD/CHF dated 2014.05.26



  6. #46

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    As it was mentioned in the previous analysis of this currency pair dated 2014.05.15, according to the formed signs in the price chart, there was the possibility of descending of the price which finally happened. The price during its descending trend could record the low price of 1.00075.Right now price is above 5-day moving Daily and h4 time frames that show an uptrend during the next candles. As it is obvious in the picture below, there is an AB=CD harmonic pattern between the Top price of 1.03463 and the Bottom price of 1.00075 with ideal ratios of 61.8 to 161.8 that warns about ascending of price from the D point of this pattern.

    RSI indicator is in saturation Sell area and confirms the current bottom price, also wars about formation of a bottom price. Generally until the bottom price of 1.00075 is preserved, price has the potential of ascending. Price by reaching to the Support Level (R=S)was not able to descend and break it in daily time frame and by creating the hammer candlestick pattern on this line shows recessing of sellers in reaching to the lower price and also the supportive level of 0.99190.

    Technical Analysis of AUD/CAD dated 2014.05.29


  7. #47

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    Gold was in a strong and consistent downtrend during the recent Days that sellers were successful in obtaining the lowest price of 1241.712.Currently price in long term time frames like weekly and daily time frames is under 5 day moving average which shows a consistent descending trend in long period of time. As it is obvious in the picture below between the top price of 1330.949 and the bottom price of 1241.712, there is a none AB=CD harmonic pattern with the ratios of 76.4 and 161.8 that with completion of the D point (also formation of butterfly pattern), there is a potential for ascending of price.RSI indicator is in saturation sell area and divergence mode with the price chart that confirms the current bottom price and warns about ascending of price during the next candles. According to the current condition of price, the first warning for Ascending of price is breaking of the resistance level of 1250.826.

    Technical Analysis of Gold dated 2014.06.03


  8. #48

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    NZD/USD was in a strong and consistent downtrend during the recent Days that sellers were successful in obtaining the lowest price of 0.84000. As it is obvious in the picture below, price with reaching to the supportive edge of down channel also round support level has been stopped from more descend and by forming a bottom price of 0.84000 has prepared the field for ascending of price. (Sellers use the supportive edge( also round support level) of that to leave their trades.)

    As it is obvious in the picture below, there is non-ideal butterfly pattern between the top price of 0.87779 and the bottom price of 0.84000 that there is a potential for ceasing of price from D point of this pattern. Stoch indicator in Daily time frame is in saturation sell area and with the next cycle warns about ascending of price during the next candles. According to the technical signs, there is no clear reason for descending of the price in daily time frame and Generally according to the formed signs in price chart until the bottom price of 0.84000 is preserved, price will have the potential for ascending and reformation.

    Technical Analysis of NZD/USD dated 2014.06.06


  9. #49

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    As it was mentioned in the Previous analyzes of this currency pair according to the formed signs, there was a potential for ascending of price which finally happened. Buyers were successful in achieving the highest price of 1.10350.As it was mentioned in the previous technical analysis of this currency, in long period of time there is good potential for growth of price and 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. Price by reaching to the resistance edge of Up Channel (2 patterns) has stopped from more ascend that shows buyers used this price level to exit their trades.

    As it is obvious in the picture below, there is an AB=CD harmonic pattern between the bottom price of 1.05421 and the top price of 1.10350 with none-ideal ratios of 61.8 to 127.2 that warns about descending of price from the D(also formation else of AB=CD pattern in CD wave), point of this pattern. Stoch indicator is in saturation sell area and confirms the current top price, also wars about formation of a top price but because of lack of coordination with the Weekly and Monthly time frames is not much valid. The first warning for ascending of the price in current condition is breaking of the Resistance level of 1.10000.

    Technical Analysis of AUD/NZD dated 2014.06.09


  10. #50
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    eur chf

    On the daily chart, we saw the price reversed by having two harmonic patterns formed. As it continues, we are expecting to see the price growing if the 1.2200 range is being broken.
    Attached Images Attached Images Daily Technical Analysis by PipSafe-eur-chf-gif 

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