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Thread: Daily Technical Analysis by PipSafe

  1. #61

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    As it was mentioned in the previous technical analysis of this currency pair dated 2014.04.01, according to the formed technical signs, there was the potential for ascending of price which finally happened. Buyers were successful in achieving the highest price of 1.62805.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 harami candlestick pattern on weekly chart, warns the possibility of formation of a bottom price which need the confirmation by the next bullish candle. According to the formed movements in the chart, there is AB=CD harmonic pattern(also you can see else harmonic pattern) with none-ideal ratios of 78.6 and 161.8 between top price of 1.62805 and the bottom price of 1.54724 that warns about the potential of ascending from the endpoint of this pattern.

    RSI indicator in daily time frame is in saturation sell area and also it is in divergence mode with the price chart that confirms the created bottom price on the uptrend line and warns about the potential of changing price direction. Generally until the bottom price of 1.54724 is preserved, price will have the potential for ascending and reformation.

    Technical Analysis of EUR/NZD dated 2014.06.30

  2. #62

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    As it was mentioned in the previous technical analysis of Gold dated 2014.06.10, according to the formed signs, there was a potential for ascending of price which finally happened. Buyers were successful in reaching to the highest price of 1333.332 and the price is above 5-day moving. Currently in long term time frames such as monthly and weekly price is above 5-day moving average that shows a consistent uptrend in long period of time and there is not any clear reason about descending of price in these time frames.

    According to the formed movements, there is AB=CD harmonic pattern with ideal ratios of 50 and 200 between the bottom price of 1240.549 and the top price of 1333.332 that warns changing price direction from D point of this pattern. RSI indicator is in saturation sell area and in divergence mode with the price chart that confirms the current top price and warns about more descends. Generally according to the current situation in 4H time frame until the top price of 1333.332 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.


  3. #63

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    EUR/NZD in recent weeks, has been experienced many reformation with a gradual downward trend that Sellers over price decreases obtained the lowest price of 1.54035.Currently in long-term time frames such as monthly ,weekly and daily price is under the 5-day moving average which implies consistent downtrend with potential of further decreases in price during the next candles.As it is obvious in the picture below, price during the descending has touched the Support Level (made of 5 bottom prices) and also the round supportive level of 1.54000 and has created the Inverted hammer candlestick pattern. Closing of the bullish candle after this pattern will confirm it and warns about ascending of price.
    As it is obvious in the picture below, there is an AB=CD harmonic pattern between the top price of 1.67810 and the bottom price of 1.54035 with none-ideal ratios of 50 to 161.8 that warns about descending of price from the D point of this pattern. 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 1.54035 warns about changing trend direction. Generally until the bottom price of 1.54035is preserved, price has the potential of ascending.


    Technical Analysis of EUR/NZD dated 2014.07.14



  4. #64

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    As it was mentioned in the previous technical analysis of AUD/USD pair dated 2014.04.29, according to the formed signs, there was a potential for ascending of price which finally happened .Buyers were successful in reaching to the highest price of 0.95000.In weekly time frame of this currency pair there is no clear reason for ascending of the price and the price by being under the 5-day moving average and also descending cycle of Stoch indicator warns more descending of next candles .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 0.95000 and warns about changing price direction.
    Currently one of the important warnings for starting the price downfall is breaking the support level of 0.93281 in daily time frame because As it is obvious in the picture below, there is an AB=CD harmonic pattern between the top price of 0.94551 and the bottom price of 0.933281 with ratios of 50 to 161.8 that warns about ascending of price from the D point of this pattern.

    Technical Analysis of AUD/USD dated 2014.07.16

  5. #65

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    EUR/GBP was in a strong and consistent downtrend during the recent days that sellers were successful in obtaining the lowest price of 0.78879. price with reaching to the supportive level which is shown in the picture below ( made of 2 bottom prices) and the important support level of 161.8 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. Currently in 4H time frame with formation of Morning Star Pattern with 4 stars (the failure of sellers in reaching to the lower prices) price has been stopped from more descending and there is a possibility of formation of a bottom price and finally ascending of the price.
    According to the formed movements in the price chart, between the top price of 0.80327 and the bottom price of 0.78879 there is an ideal AB=CD harmonic pattern with the ratios of 61.8 and 127.2 that warns about changing price direction and price reformation. Stoch indicator is in saturation sell area and confirms the D point of this pattern by the next cycle and warns about the potential of ascending of the price during the next days. Generally until the price level of 0.78879 is preserved, the price has the potential for ascending and reformation.

    Technical Analysis of EUR/GBP dated 2014.07.17

  6. #66

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    EUR/USD during the recent Days could descend without reformation and record the Bottom price of 1.34374.Right now price in long term time frames such as monthly and weekly is under 5-day moving average which shows the downtrend. Currently The Price has passed the Up trendline made of 2 bottom prices and with being under 5-day moving average warns about more descending.
    As it is obvious in the picture below, there is an AB=CD harmonic pattern between the bottom price of 1.20496 and the top price of 1.39920 with none- ideal ratios of 50 to 127.2 that warns about descending of price from the D point of this pattern.Stoch indicator in monthly and weekly time frames shows the possibility of descending of the price according to the next cycle.Sellers in midterm outlook try to get the supportive level of 1.34000 and for the next stage, the important level of 1.33500 and these two supportive levels are the possible targets of price downfall.

    Technical analysis of EUR/USD dated 2014.07.25


  7. #67

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    USD/SGD during the recent week was in a strong and consistent downtrend that Sellers were successful in achieving the lowest price of 1.05543. Right now price in time frames such as daily and H4 is above 5-day moving average and warns about price increase in medium period of time.Price has been stopped from more descend by reaching to the specified Up Trendline in the picture below and with exit of some Sellers from their trades at the end of 13th and 20th days(Weekly Chart), the Hammer and Inverted Hammer candlestick patterns have been created that shows the sellers retreat for reaching to the lower prices that it(bullish Signal) needs confirming with closing of an ascending candle.

    According to the formed price movement, there is Bat harmonic pattern between the top price of 1.28270 and bottom price of 1.23603 that warns about changing price direction from the D point of this pattern.Stoch indicator with the ascending cycle confirms the fourth point of Up trendline and warns about the potential of ascending during the next candles.Generally until the formed bottom price on Up Trendline and D point of Bat harmonic pattern is preserved, there is the possibility of increase and ascend of price .


    Technical Analysis of USD/SGD dated 2014.07.29
    Forex Market News
    USDSGD Technical Anlaysis (2014.07.29)


  8. #68

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    EUR/SGD was in a strong and consistent downtrend during the recent weeks that sellers were successful in achieving the lowest price of 1.66176.There is a Doji candlestick pattern in bottom price of 1.66176 that warns the potential for formation of a successful bottom price and Vulnerability of descending trend for sellers. With closing of the next bearish candle, this signal is fixed. According to the formed price movements in the chart, there is a Bat harmonic pattern between the bottom price of 1.65572 and top price of 1.76681 that warns about ascending of the price with completion of this pattern ending point. RSI indicator in daily time frame is in saturation sell area and warns about ascending of price according to the next cycle during the next days.Generally according to the formed signs in price chart, until the bottom price of 1.66176 is preserved, there is a potential for reformation and ascending of the price in this currency pair.

    Technical Analysis of EUR/SGD dated 2014.07.31
    Forex Technical Analysis ( 2014.07.31)


  9. #69

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    Silver was in a strong and consistent downtrend during the recent Days that sellers were successful in obtaining the lowest price of 20.117.Currently in 4H time frame with formation of hammer candlestick pattern (the failure of sellers in reaching to the lower prices) price has been stopped from more descending and there is a possibility of formation of a bottom price and finally ascending of the price.
    As it is obvious in the picture below, between the top price of 21.235 and bottom price of 20.117 there is AB=CD harmonic pattern with ratios of 50 and 127.2 that warns the potential of ascending from the D point of this pattern.Stoch indicator is in saturation sell area in H4 time frame and in divergence mode with the price chart that warns about changing price direction during the next days. In case of ascending of the price, one of the buyers target will be the Down Trendline(made of 5 top prices ).

    Silver Technical Analysis dated 2014.08.05

  10. #70

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    EUR/USD in recent weeks, has been experienced many reformation with a gradual Downward trend that Sellers under price decreases obtained the lowest price of 1.32363.Currently in long-term time frames such as monthly / weekly and daily price is under the 5-day moving average which implies consistent downtrend with potential of further decreases in price during the next candles.As it is obvious in the picture below, price during the descending has touched the Support line (made of 3 bottom prices) has created the one bullish candle. Closing another of the bullish candle after this bottom will confirm it and warns about ascending of price.

    According to the formed movements in Daily time frame, between the top price of 1.39915 and bottom price of 1.32363 there is AB=CD harmonic pattern with ideal ratios of 38.2 and 224.2 that by completion of the D point in this pattern, there is warning for ascending of the price. RSI indicator in Daily time frame is in saturation sell area and according to the next cycle confirms the D point of this pattern and warns about the potential of ascending during the next candles( because of not being in the same direction with long term time frame it is not much valid). According to the current condition of price, the first warning for ascending of price is breaking of the resistance level of 1.32959.


    EUR/USD Technical Analysis dated 2014.08.22

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