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Thread: Daily Technical Analysis by PipSafe

  1. #71

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    Silver was in a descending trend from the top price of 21.559 that could record the bottom price of 19.297. Right now this bottom price is fixed by the next ascending candles and is the next nearest supportive level. If this supportive level breaks , the price will have the potential of reaching to the important supportive level of 18.852.

    as it is obvious in the picture below, the price in a Down channel during its descending trend that the Resistance level of this channel prevent it from a rise for several times and each time the price has descended.In daily time frame there is a Inverted hammer candlestick pattern (also a Spinning top pattern) that shows the sellers retreat for reaching to the lower prices that it needs confirming with closing of an ascending candle.In case of ascending of the price, one of the buyers target will be the Down Trendline.


  2. #72

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    EUR/CHF was in a strong and consistent downtrend during the recent days that sellers were successful in obtaining the lowest price of 1.20490. Right now price is under 5-day moving weekly and daily time frames that show an downtrend during the next candles. With formation of bottom price of 1.20490 (formation of hammer candlestick pattern that shows Vulnerability of downtrend), there is a warning for formation of a successful bottom price and ascending of price in this supportive range. If this bottom price records (closing of ascending candle), this signal will be stronger.

    According to the formed movements in price chart, there is Butterfly harmonic pattern between the top price of 1.22490 and the bottom price of 1.20490 that warns about ascending of price from D point. Stoch indicator in daily time frame is in saturation sell area ( also in divergence mode with the price chart ) and by the next cycle it confirms the harmonic D point and warns about the potential for ascending of price during the next candles.Right now the first important warning for more ascending of price in this currency pair happens by breaking the 1.20700 level in daily time frame .Generally until the bottom price of 1.20490 is preserved, the price has the potential for ascending from the harmonic pattern.



  3. #73

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    USD/CHF 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 0.92109 in Daily time frame which is fixed by descending candle(Shooting Star).In long term time frames such as monthly and weekly price is above 5-day moving average (a consistent uptrend) and there is not any clear reason about descending of price in these time frames.As it is obvious in the picture below, price during the Ascending has touched the round resistance level of 0.92000 and has created the Shooting Star candlestick pattern. Closing of the Bearish candle after this pattern will confirm it and warns about descending of price.

    According to the formed movements in daily time frame, between the top price of 0.92109 and bottom price of 0.87026 there is AB=CD harmonic pattern with ideal ratios of 50 and 200 that by completion of the D point in this pattern, there is warning for descending of the price. As it is obvious in the picture bellow, according to the formed movements, the price is in divergence mode with RSI indicator and confirms the mentioned top price is Daily time frame which generally warns the possibility of changing price direction.
    According to the current condition the first warning for descending of price is breaking of the support level of 0.91834.


    USD/CHF Technical Analysis dated 2014.09.03


  4. #74

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    Gold during the recent week was in a strong and consistent downtrend that sellers were successful in achieving the lowest price of 1257.196.Right now price in long time frames such as monthly, weekly and daily is under 5-day moving average and warns about price decrease in long period of time.As it is obvious in the picture below, there is a harmonic Gartley pattern between the top price of 1344.976 and the bottom price of 1257.196 that there is a potential for changing price direction from D point ( Morning doji Star Pattern) of this pattern.

    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.Generally until the price level of 1257.196 is preserved, price will have the potential for reformation and ascending.

    Technical Analysis of Gold dated 2014.09.05

  5. #75

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    GBP/USD was in strong descending trend from the top price of 1.71905 that during this descending trend the sellers could record the bottom price of 1.60592. Right now price in long time frames such as monthly, weekly and daily is under 5-day moving average and warns about price decrease in long period of time.In Daily time frame the previous day candle was closed as a Doji candlestick pattern that shows the indecision for ascending or descending.

    If this candlestick pattern confirms (closing of ascending candle at the end of the day), there will be the potential for changing price direction.Currently according to the condition of this currency pair and its strong downtrend in recent days, price is in saturation sell area and warns about a slight reformation in Daily time frame.The first important warning for starting a reformation in downtrend and rise of the price is breaking of the resistance level of 1.61572 (the highest changing price level on the previous day).


  6. #76

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    USD/CAD had an ascending trend without a noticeable reformation during the recent days that shows buyer certainty in reaching to the predetermined targets. The price could record the top price of 1.12231 in 4H time frame which is fixed by descending candle.Currently in monthly, weekly and daily time frames price is above 5-day moving average that warns about the potential of ascending of price during long period of time.

    As it is obvious in the picture below, between the bottom price of 1.08106 and top price of 1.12231, there is an AB=CD harmonic pattern with non-ideal ratios of 76.4 and 161.8 which warns about descending of the price from the D point(Shooting Star Pattern) of this pattern.As it is obvious in the picture bellow, according to the formed movements, the price is in divergence mode with RSI indicator and confirms the mentioned top price is 4H time frame which generally warns the possibility of changing price direction.Currently the first sign for buyers is breaking of the D point of harmonic pattern in the price chart.

    Technical Analysis of USD/CAD dated 2014.10.01

  7. #77

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    Gold since 2014.07.11 till now was in a strong and consistent Downtrend that Sellers were able to achieve the lowest price level of 1204.700.With cashing of some sellers’ trades (formation of candlestick pattern( Spinning top) in weekly time frame) the price ascends and currently with closing of bullish candle on first day records the bottom price of 1204.700.According to the formed price movements, RSI indicator is in saturation sell area and in divergence mode with the price chart that confirms the bottom price of 1204.700 and warns about changing price direction.

    As it is obvious in the picture below, according to the formed movements in the chart there is AB=CD harmonic pattern with ratios of 61.8 and 127.2 between the top price of 1391.622 and bottom price of 1204.700 that warns about ascending of the price by completion of the D point. Also in CD wave of the mentioned pattern, there is another harmonic pattern (butterfly) that warns about the potential of changing price direction from the green area.Generally until the bottom price of 1204.700 is preserved, the price has the potential for ascending from the harmonic patterns.



  8. #78

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    USD/CAD in recent weeks has a strong ascending trend that shows the serious buyers in reaching to their target prices. The price during this ascending trend could record the top price of 1.12699 that is the most important resistance level in front of price.As it is obvious in the picture below, the price has been stopped by reaching to the resistance line(red line) and is not able to ascend more which is a warning for buyers about changing price direction.

    According to the formed movements in the chart, between the bottom price of 1.08101 and the top price of 1.12699, there us AB=CD harmonic pattern with the ratios of 61.8 to 161.8 that warns the price descends from the D point of this pattern.Stoch indicator is in saturation buy area follows the top price of 1.12699 and warns the possibility of descending during the next days.(In the H4 time frame). According to this point, this currency pair has experienced the strong ascending trend in the past and also mentioned signs until this top price is preserved, there is the potential for price decrease and reformation in this currency pair.



  9. #79

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    Silver had a strong and without reformation descending trend during the recent weeks and could record the bottom price of 16.665.Right now this price level is one of the important supportive levels in front of the price. According to the recent strong descending, price is in saturation sell area and there is the potential for ascending and price reformation.

    According to the formed movements in the price chart, between the top price of 22.160 and the bottom price of 16.665 there is an none-ideal AB=CD harmonic pattern with the ratios of 78.6 and 161.8 that warns about changing price direction and price reformation. RSI 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 16.665 is preserved, the price has the potential for ascending and reformation.

    Technical Analysis of Silver dated 2014.10.08

  10. #80

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    CAD/JPY from 2104.09.19 (formation of Evening star in Daily time frame) is in a strong and without reformation descending trend that could experience a good price decrease. Right now this currency pair could record the bottom price of 96.162 during its descending trend that according to the formation of recent candles, it is not an ideal bottom price for ascending.

    As it is obvious in the picture below between the top price of 97.810 and bottom price of 96.162, there is AB=CD harmonic pattern with the ratios of 76.4 and 127.2 that warns about the potential for ascending of the price.Stoch indicator is in saturation sell area in H4 time frame that confirms the harmonic D point and warns about changing price direction during the next candles . The first sign for starting a reformation movement and Ascending of the price is breaking the resistance of 96.462.Generally according to the formed signs in price chart until the bottom price of 96.162(R=S) is preserved, price will have the potential for ascending and reformation.


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