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Thread: Technical Analysis from FXMars

  1. #11
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    Default Week Ahead 13Th July Technical Analysis From Fxmars

    Posted by fxmars.com
    EURUSD:

    On the D1 chart we see how the upper level of the orange bearish corridor from May 12 has been turned from a resistance into a support. After the break from June 25, the price was resisted by the blue bearish trend line from 2008 and created a top at 1.37000. After the bounce from the orange bearish line, the stochastic oscillator went out of the oversold market area and both the indicator and the price started increasing. For this reason, we believe that the price is likely to increase even more, where the potential resistances to be met are at 1.36711 and 1.37000.
    USDJPY:

    After bouncing from the 101.197 support at June 30, the price started increasing and it created a top at 102.215. The followed decrease reached again the 101.197 support, which is the current location of the price. After meeting this level again, the price demonstrated a decrease in its bearish intensity. Furthermore, the stochastic oscillator touched the area, which signalizes for an oversold market, and its two lines are about to cross in bullish direction, which supports the bullish idea caused by the 101.197 support. For this reason, an increase to 102.215 is likely to occur, and maybe to 102.770 afterwards.
    GBPUSD:

    After breaking through the top at 1.70475 on June 30, the Cable created a new high at 1.7180. Currently, the price is consolidating right under this level and the consolidation resembles a triangle, which speaks of an eventual move of the price. At the same time, the stochastic oscillator is testing its bullish trend line from May 15 and it seems like the stochastic is about to bounce in bullish direction. For this reason, we believe that the price would eventually break its last top at 1.7180 and would probably increase even more.
    USDCHF:

    After bouncing from the yellow bullish trend line from March 13, the price increased and reached the orange bearish trend line from June 5. The stochastic oscillator interacted with the area of the oversold market and the price started decreasing. The pair is now about to meet the yellow bullish trend line from March 13 again and the stochastic is about to enter the area of the oversold market. The orange bearish trend and the yellow bullish trend close a triangle, which is about to break. If the break is bullish, the price would probably meet the resistances at 0.89486 and 0.90367. If the break is bearish, the supports are at 0.88618 and 0.87453.
    AUDUSD:

    The bearish divergence between the last two tops of the price and the stochastic oscillator was satisfied and the price decreased again to the support at 0.93196. A bullish bounce occurred and the price was resisted again by the level at 0.94347. Having in mind that the 0.94347 resistance has already been broken in bullish direction, this is the level, which is likely to be broken again. Anyway, there are not any clear signals from the price for now. Consider the potential resistances of the price at 0.94347 and the last high of the price, and the potential supports at 0.93196, the already broken purple bearish trend from April 10, and the support at 0.92027.
    XAUUSD:

    The price has been moving in a slighter bullish corridor (orange), while meeting the resistance at 1331.38. Currently, the price of the Gold is testing the upper level of the bullish corridor and the stochastic oscillator is about to enter the overbought area. Furthermore, there is a bearish divergence between the tops of the stochastic and the price. For this reason, we believe that the price of the gold would decrease at least to the lower level of the orange bullish corridor, before taking any other direction.

    Disclaimer: Data, information, and material (“content”) is provided for informational and educational purposes only. This material neither is, nor should be construed as an offer, solicitation, or recommendation to buy or sell any Forex or CFD contracts. Any investment or trading decisions made by the user through the use of such content is solely based on the users independent analysis taking into consideration your financial circumstances, investment objectives, and risk tolerance. Neither FxMars.com nor any of its content providers shall be liable for any errors or for any actions taken in reliance thereon

  2. #12
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    Default Week Ahead 20Th July Technical Analysis From Fxmars

    Posted by fxmars.com
    EURUSD:

    During the last week, the price was moving in bearish direction and on Thursday it reached the 1.35100 support, which matches with the purple bullish line from July 2012. The interesting is that the other two bottoms, which lie on the purple bullish line, are from July 2012 and July 2013. Currently, it is July 2014 and the price attempts a third bottom on the purple bullish line and at the same time, the price is testing the support at 1.35100. This gives additional strength to the level and it is likely to believe that an increase in the price might occur. At the same time, the stochastic oscillator is in the area for an oversold market and the two lines are just crossing in bullish direction. For this reason, we believe that a bullish bounce and a new bullish increase would be the typical scenario in this case.
    USDJPY:

    The price reached again the 101.197 support on Thursday and it bounced in bullish direction on Friday. We remind that his is a strong support, which has stood the pressure of the price for about 8 times. We also remind that sometimes, the price breaks the 101.197 support and decreases to the next support at 100.756. In this manner we mention, that the stochastic oscillator’s behavior is not very bullish and such decrease might occur. On the other hand, if a bullish increase occurs, the price would eventually meet as a resistance the purple bearish line from January 2 and eventually the 102.770 resistance.
    GBPUSD:

    During its last consolidation after creating a high at 1.71849, the price reached as a support the lower level of the blue bullish corridor from the end of September 2013. Currently, the price demonstrates a decrease of its bearish intensity after meeting the corridor as a support, which creates the idea of an eventual bullish movement. But, if we take a closer look, we notice that there is an obvious divergence between the bottoms of the chart of the Cable and the stochastic oscillator, which speaks of the opposite scenario. Furthermore, the two lines of the stochastic are acting pretty strange lately and there isn’t any bullish signal from it. If the price increases, it would eventually meet the 1.71849 level as a resistance again. A break in the lower level of the blue bullish corridor might drop the price to 1.68377.
    USDCHF:

    After breaking the blue bearish trend line from June 5 and testing it as a support afterwards, it looks like the Swissy is aiming for the level of 0.90367, which indicates the beginning of the blue bearish trend. The resistance at 0.89486 was easily overpowered and the price continued its bullish movement. On Thursday the price closed a bearish candle, which indicates that the bears are not out of the game. Furthermore, the stochastic oscillator has entered the area of an overbought market and it is now attempting a cross of its lines, which would give us a bearish signal. For this reason, we believe that the price might test the already broken resistance at 0.89486 as a support, which could be the expected correction of the bullish movement.
    AUDUSD:

    After reaching the 0.93196 support for third time, the price bounced in bullish direction and now it looks like the Aussie is heading for the resistance at 0.94347. At the same time, the stochastic oscillator forms a double bottom formation, which is about to get confirmed with a break in the neck line (red). The formation is visible on the chart too, but it is not as clear as on the stochastic oscillator. In this case it is likely the break in the neck line of the stochastic to happen at the same time with the eventual break in the 0.94347 resistance. In such scenario, the price would eventually strike for the top at 0.95000 and could even reach new high.
    XAUUSD:

    With bouncing again from the orange bullish line from June 3, the price of the gold confirmed the line to be a bullish trend. With the bounce from the orange bullish trend line, the stochastic oscillator did a rapid break out of the area, which signalizes for an oversold market and this confirmed the potential bullish movement. For this reason, we believe that the price would eventually reach the 1331.38 resistance again. Having in mind that during its last interaction with this resistance the price did a bullish break (red circle) and it was above 1331.38 for couple of days, we believe that a new break in this level might occur. In such case, the price could even reach the already broken purple bullish trend line from January 5, as a resistance.

    Disclaimer: Data, information, and material (“content”) is provided for informational and educational purposes only. This material neither is, nor should be construed as an offer, solicitation, or recommendation to buy or sell any Forex or CFD contracts. Any investment or trading decisions made by the user through the use of such content is solely based on the users independent analysis taking into consideration your financial circumstances, investment objectives, and risk tolerance. Neither FxMars.com nor any of its content providers shall be liable for any errors or for any actions taken in reliance thereon

  3. #13

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    thx for your insight.......fxloot

  4. #14
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    Default Week Ahead 27Th July Technical Analysis From Fxmars

    Posted by fxmars.com
    EURUSD:

    After creating its last top, the price let us draw a bearish corridor (yellow), which set its beginning on April 22. After its last bounce from the upper level of the corridor, the followed bearish movement brought the price through the 1.35100 resistance, which indicates the bottom from June 12 and through the purple bullish trend line from July 2012. This created the idea of an eventual continuation of the bearish movement and the eventual creation of new lows. After all, we remind that currently the price is on an 8-months low. At the same time, the stochastic oscillator gives very clear signals for an oversold market, which creates the idea that an eventual correction to the upper level of the yellow bearish corridor might appear during the upcoming week.
    USDJPY:

    After its last interaction with the 101.197 support, the price started increasing and it confirmed a double bottom formation (green), with interrupting its red neck line. At the same time, the stochastic oscillator confirmed a double bottom formation too and it entered the area of the oversold market afterwards. For this reason, we believe that the price might do a correction before starting moving after the already confirmed double bottom formation. The price might reach the purple bearish line from the end of December 2013, or even the many times tested green resistance at 102.770. Anyway, the overall potential movement of the price is likely to be bullish.
    GBPUSD:

    After reaching the resistance at 1.71849, which indicates the 70-months high of the price, the Cable started decreasing and again it got out of the frames of the blue bullish corridor from September 2013. This makes us believe that the bullish intensity of the price has started decreasing and the price attempts to increase outside of the regular frames of the corridor. For this reason, we have connected the last two crucial bottoms of the price with a yellow bullish line, which we would take as a support in case of an eventual interaction of the price with it. On the other hand, the stochastic oscillator has just entered the area of the oversold market and its two lines might interact on Monday, if the price starts slowing down. Are we going to see a change in the direction of the price before an interaction with the yellow bullish line?
    USDCHF:

    After the Swissy confirmed its double bottom formation with bottoms from July 1 and July 14, the price continued its bullish increase and it even broke the last high of the price at 0.90367. We note that the recent bullish activity of the price was highly intensive and we assume that the time for a bearish correction might have come. At the same time, the stochastic oscillator is pretty explicit about the current condition of the market, because it gives us a clear signal for an overbought market. For this reason, we believe that the price might do a bearish correction, which could reach the support at 0.89486, or the yellow bullish trend line from March 13.
    AUDUSD:

    After the stochastic oscillator confirmed its double bottom formation, the price increased with about 70 pips and the Aussie interrupted the 0.94347 resistance. This could be interpreted as an indication for a continuation of the bullish activity (yellow bullish trend from May 21). Currently, the price shows some bearish activity, which would eventually reach the yellow bullish trend line for a test. At the same time, the stochastic oscillator gave us a signal for an overbought market, which supports the return to the yellow bullish trend. An eventual bounce from this trend is likely to send the price to its last high at 0.95070 and a bullish break could even appear.
    XAUUSD:

    There was a bearish break in the yellow bullish trend line from June 03 on Thursday. We remind that we got a signal for an eventual break via the bearish divergence between the stochastic oscillator and the chart. After the break in the yellow bullish trend, the price did a return to test the already broken trend as a resistance on Friday. Currently, the price is located on the underside of the trend line. If a bearish bounce appears, the price is likely to test the red support, which indicates the last bottom of the price after the break. If this happens, we would observe a potential change of the trend scenario. If the price renews its bullish activity, we would have the 1331.38 resistance as a neck line of a formation, which resembles inverted head and shoulders (green). This formation has the potential to send the price to new highs.
    Disclaimer: Data, information, and material (“content”) is provided for informational and educational purposes only. This material neither is, nor should be construed as an offer, solicitation, or recommendation to buy or sell any Forex or CFD contracts. Any investment or trading decisions made by the user through the use of such content is solely based on the users independent analysis taking into consideration your financial circumstances, investment objectives, and risk tolerance. Neither FxMars.com nor any of its content providers shall be liable for any errors or for any actions taken in reliance thereon

  5. #15
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    Default Week Ahead 3rd August Technical Analysis From Fxmars

    Posted by fxmars.com
    EURUSD:

    During the last week the price broke in bullish direction the pink bearish trend line from July 10. This happen after the price created a bottom at 1.33634. At the same time, the stochastic oscillator broke its green descending triangle in bullish direction, which got the indicator out of the oversold area. It also confirmed a double bottom formation (blue) with breaking its neck line (red) in bullish direction. As you see, these are four bullish signals that speak of an eventual increase of the price. For this reason, we expect the price to increase at least to the resistance at 1.35104. We could also follow the Fibonacci retracement, because the whole bullish movement might appear to be a retracement rather than a change in the trend.
    USDJPY:

    After the rapid increase of the price during the last trading week, the price reached the purple resistance around 103.000 and then it bounced in bearish direction. At the same time, the stochastic oscillator got out of the area of the overbought market, which supports the eventual bearish decrease. Furthermore, there is a bearish divergence (blue) between the last two tops of the price and the stochastic oscillator, which signalizes of the eventual drop too. For this reason, we expect a decrease of the price, which could even reach the many times tested support at 101.228.
    GBPUSD:

    After moving in the purple bearish corridor from July 14, the price increased its intensity and did a bearish break through the lower level of the corridor. This speaks of an eventual decrease of the price at least to the level 1.67337. At the same time, the stochastic oscillator has entered in the area of the oversold market and it is about to get out of it in bullish direction. For this reason, we admit that the price could do an eventual bullish correction, which could test the already broken lower level of the purple corridor as a resistance.
    USDCHF:

    Again, the Swissy demonstrates the same mirror image behavior to the EUR/USD currency pair. The price got our of its rising wedge formation in bearish direction, which speaks of an eventual decrease. The stochastic oscillator got in the area of the overbought market and broke its ascending triangle in bearish direction, which supports the eventual bearish activity. At the same time, we see the blue double top formation on the stochastic oscillator, which is already confirmed, again, as a confirmation of the bearish potential. For this reason, we believe that the price would eventually decrease to the blue bullish trend line from May 8.
    AUDUSD:

    The last decrease of the price of the Aussie reached the already broken green bearish trend line from April 10 as a resistance. As you see, after meeting with this level, the price demonstrated a decrease in its bearish intensity. at the same time, the stochastic oscillator attempts an out of the area of the oversold market, which speaks that the already broken green bearish trend line might appear to be a strong support. For this reason, we could expect the price to do a bullish increase through the 0.93304 resistance, but after all we should not forget that on D1 there is a confirmed head and shoulders formation (blue), where the broken neck line is the 0.93304 level. For this reason, we believe that the overall potential of the price is basically bearish.
    XAUUSD:

    The falling wedge formation from June 25 (purple) brought the price to test the 1279.72 support, which speaks of an eventual bullish break through the falling wedge formation. Such scenario would satisfy the potential of the falling wedge formation. At the same time, the stochastic oscillator is about to interact with the are of the oversold market, which would support the eventual bullish scenario. Having in mind that the price has already bounced from the 1279.72 support, this looks like a pretty possible alternative for the gold.
    Disclaimer: Data, information, and material (“content”) is provided for informational and educational purposes only. This material neither is, nor should be construed as an offer, solicitation, or recommendation to buy or sell any Forex or CFD contracts. Any investment or trading decisions made by the user through the use of such content is solely based on the users independent analysis taking into consideration your financial circumstances, investment objectives, and risk tolerance. Neither FxMars.com nor any of its content providers shall be liable for any errors or for any actions taken in reliance thereon

  6. #16
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    Default Week Ahead 10th August Technical Analysis From Fxmars

    Posted by fxmars.com
    EURUSD:

    After the second interaction with 1.33634 and the little break through that level, the price bounced in bullish direction and it is currently moving toward the upper level of the blue bearish corridor from April 21. The stochastic oscillator is currently changing its direction from bearish to bullish. At the same time, there is an obvious bullish divergence between the last two bottoms of the chart and the stochastic oscillator. For this reason, we believe that the price is doing a correction, which would eventually reach the upper level of the blue bearish corridor.

    USDJPY:

    After its last interaction with the orange resistance at 102.725, the price started decreasing faster than usual. We remind that a signal for this was the bearish divergence between the last two tops of the stochastic oscillator and the chart. Furthermore, the current decrease of the price could be interpret as a rebound of the previous bullish activity. The stochastic oscillator broke its isosceles triangle in bearish direction, which supports the bearish movement of the price. For this reason, we believe that the price would eventually reach the many times tested support at 101.228.

    GBPUSD:

    After the price met the 1.68105 support again, we saw a Doji candle, and a correction of the bearish tendency to the purple bearish trend line from July 15. The price bounced in bearish direction from the purple bearish trend line and it broke the already mentioned support at 1.68105. At the same time, the stochastic oscillator did a bearish cross of its two lines, which supports the current bearish movement. For this reason, we believe that the price would meet at least the support at 1.67337, and eventually the next one at 1.66855. Do not forget that the stochastic oscillator might enter the oversold area at any time, which would give us the opposite signal.

    USDCHF:

    After the Swissy interacted for second time with the resistance at 0.91055, the price did a quicker drop and it broke the yellow neck line of the small double top formation with tops from July 30 and August 6. This confirmed that the double top formation is authentic and a further bearish movement is likely to occur. Currently, the price is testing the support at 0.90317, but having in mind that the price is moving toward its blue bullish trend line, and the fact that the double top formation is confirmed, we believe that the support would be broken soon and the price would fully complete its double top formation.

    AUDUSD:

    The Aussie keeps moving in bearish direction after the already confirmed big head and shoulders formation (blue). The price even broke the support at 0.93304 and decreased to the already broken green bearish trend line from April 10, which is currently being tested as a support. The price has completed about 2/3 of the potential bearish movement of the already confirmed head and shoulders formation and we believe that it would fully complete the formation. Having in mind that the green bearish trend is being tested as a support now, we believe that the price might correct to the level of 0.93304 and to test it as a resistance before any further bearish activity.

    XAUUSD:

    The price of the gold broke in bullish direction its green falling wedge formation from July 15. The price has already completed about 3/4 of the bullish potential of the formation after the break, so another increase might occur. This could actually happen after a bearish correction of the price, because, as we see, the stochastic oscillator is about to enter the area of the overbought market. Furthermore, the last bullish movement of the price is currently slowing down. After an eventual bearish correction, the price could hop in bullish direction with new strength and could complete the bullish potential of the already broken falling wedge formation. The next resistance of the price


    Disclaimer: Data, information, and material (“content”) is provided for informational and educational purposes only. This material neither is, nor should be construed as an offer, solicitation, or recommendation to buy or sell any Forex or CFD contracts. Any investment or trading decisions made by the user through the use of such content is solely based on the users independent analysis taking into consideration your financial circumstances, investment objectives, and risk tolerance. Neither FxMars.com nor any of its content providers shall be liable for any errors or for any actions taken in reliance thereon

  7. #17
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    Default Week Ahead 17th August Technical Analysis From Fxmars

    Posted by fxmars.com
    EURUSD:

    As we see, after the interaction with the support at 1.33231, the price has broken the orange bearish trend line from July 10. At the same time, we see that this happens after the creation of the light blue bullish divergence between the bottoms of the price and the stochastic oscillator. Furthermore, the stochastic oscillator has created an ascending triangle, which, as we all know, has the potential to break in both directions. Having in mind the signs, which we already discussed, we assume that the break is most likely to be in bullish direction through the upper level of the triangle. If this happens, we could use such signal for a trigger of a long position. This could bring the price to the already broken support at 1.35100 in order to be tested as a resistance.
    USDJPY:

    After the last decrease of the price, we witnessed a correction, which brought the price to the yellow bearish trend line from July 30 and the resistance at 102.700. The price bounced in bearish direction afterwards. At the same time, the stochastic oscillator interacted with the area of the overbought market and it is currently attempting a cross of its two lines, which gives us another bearish signal. For this reason, we believe that a new decrease of the price is likely to happen. This could bring the price to the many times tested support at 101.197.
    GBPUSD:

    The purple bearish corridor from July 15 has decreased the Cable to the support at 1.66552, which is the current location of the price. At the same time, the price is testing the lower level of the purple bearish corridor, which brings an additional support to the price. Moreover, we have the stochastic oscillator, which is currently in the area of the oversold market. Also, we see a hammer candle, which also speaks of an end of the bearish activity. In total, these are four bullish signals. For this reason, we believe that the price would increase to the upper level of the purple bearish corridor and having in mind the many bullish signals, we might also see a bullish break.
    USDCHF:

    After the break through the neck line at 0.90367, the Swissy has confirmed the small head and shoulders formation (green). At the same time, after it entered the area of the overbought market, the stochastic oscillator broke its blue bullish line in bearish direction and then it has tested it as a resistance, which supports the eventual bearish movement. We should not forget that in order to complete the head and shoulders formation, the price should go beyond the yellow bullish trend line from May 8. If a break in the yellow bullish trend line occurs, we might see the price reaching the support at 0.89485. If the price bounces from the yellow bullish trend line, the next resistance to be met is the last high of the price at 0.91181.
    AUDUSD:

    After the confirmation of the green head and shoulders formation, the price tested the already broken purple bearish trend line from April 10 as a support. The followed bounce brought the price to the already broken 0.93195 neck line of the head and shoulders formation in order to test it as a resistance. At the same time, the stochastic oscillator is about to enter the area of the overbought market, which would give us a bearish signal. Furthermore, the resistance at 0.93195 is expected to slow down the bullish movement of the price. After all, we should not forget that the price of the Aussie should at least reach the support at 0.92027 in order to consider the already confirmed head and shoulders formation as completed
    XAUUSD:

    After the bullish divergence between the bottoms of the price and the stochastic oscillator, the price did a bullish break through the orange-blue falling wedge formation. The price increased and the two tops after the break have confirmed the upper level of a bearish corridor from July 10. As we see, after the bullish potential of the wedge was completed, the price has bounced from this level, which speaks of an eventual decrease to the lower level of the corridor. At the same time, the stochastic oscillator got out of the area for an overbought market and it is currently supporting the eventual decrease of the price, which could reach either the already broken upper level of the wedge as a support, or the support at 1268.56, or the both level at once.

    Disclaimer: Data, information, and material (“content”) is provided for informational and educational purposes only. This material neither is, nor should be construed as an offer, solicitation, or recommendation to buy or sell any Forex or CFD contracts. Any investment or trading decisions made by the user through the use of such content is solely based on the users independent analysis taking into consideration your financial circumstances, investment objectives, and risk tolerance. Neither FxMars.com nor any of its content providers shall be liable for any errors or for any actions taken in reliance thereon

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