Page 1 of 2 12 LastLast
Results 1 to 10 of 17
 0 Attachment(s)    

Thread: Technical Analysis from FXMars

  1. #1
    Junior Member
    Join Date
    May 2014
    Posts
    16

    Default Technical Analysis from FXMars

    Posted by FxMars

    EURUSD:

    The price did a bullish break through the three times tested resistance at 1.38500 and it got out of the horizontal corridor it has been following for the past two
    weeks. Currently, the price is following another, bullish corridor, which walked the price through the upper level of the symmetrical triangle, which lower level is
    the bullish trend line from September, 2013. The current bullish movement of the price is in a convergence with the Stochastic Oscillator, which movement could also be
    followed by a bullish corridor. Now, after we have the price above the upper level of the symmetrical triangle, it is likely for the price to seek new, higher tops.
    For this reason, the first resistance the price would probably meet is the red line at 1.38891, which indicates the last top of the price. If the price manages to
    break this level, we could seek a further interaction with the 0.00% Fibonacci level and an eventual break through this level.
    USDJPY:

    On the D1 chart the Yen gives some controversial signals. The first thing we notice is the double bottom formation, which bottoms lay on the pink bullish trend line
    from April, 2013. Also, with crossing the 102.749 resistance (also a neck line), the price confirmed the formation, which speaks for an eventual upcoming bullish
    movement. On the other hand, there is a clear bearish divergence between the price and the Stochastic Oscillator (blue lines), which contradicts to the already
    confirmed double bottom formation. The last bottom from April, 28 sent the price in bullish direction, and a top was created on Friday. The controversial here is that
    this is the second top from the divergence between the price and the Stochastic Oscillator. Moreover, the thick red lines on our chart indicate a triangle with a
    bearish potential. If the price breaks through the upper level of this triangle, the triangle and the bearish divergence could be considered as fake and we could start
    following the already confirmed double bottom formation, which has a potential to meet the price with the upper level of the symmetrical triangle from the beginning of
    January and with the blue resistance from May, 2013. The other possible scenario is the bearish one. If the price breaks through the purple bullish trend from April,
    2013, which is also the lower level of the bearish triangle, we would have a confirmation of the divergence and we might see the price testing the 101.317 support,
    which indicates the bottoms from February 17, March 3, March 17 and April 11.
    GBPUSD:

    The cable is still moving in the rising wedge formation from April 10, and it even broke the 1.68355 resistance, which indicates the tops from February 12, April 10,
    April 17 and April 22. In addition to the rising wedge formation, which as we all know, has bearish potential, we also have a bearish divergence between the chart of
    the price and the Stochastic Oscillator (blue lines). While the price was hitting higher tops, the Stochastic Oscillator was demonstrating a slight bearish movement,
    which could be the key answer to the to the question “Where is the cable going?”. If a break in the lower level of the wedge occurs, we could seek a drop at least to
    the first bottom of the wedge, which is located on the green straight line at 1.66650. If this happens, this could also mean a break in the lower level of the blue
    bullish corridor from the end of September 2013.
    USDCHF:

    After the bearish bounce from the green bearish trend line from April 8, Swissy is testing again the lower level of the symmetrical triangle from March 13. The testing
    point of the price also matches with the 0.87783 support (red), which indicates the bottoms April 16, April 17, April 28 and May 1, which means that the price is
    testing two levels at once. At the same time, the Stochastic Oscillator is testing the bullish line, which connects its last two bottoms. If a bullish bounce occurs,
    we would probably see the price interacting again with the green bearish trend line and eventually with the upper level of the yellow symmetrical triangle. A break
    through the red support and the lower level of the yellow triangle would probably bring the price to the 0.87434 support, which indicates the previous clearly stated
    bottom of the price. In this case, the Stochastic Oscillator could also be used as a position trigger. If it crosses its bullish trend line in bearish direction, this
    could be interpret as a short position signal. If the two lines of the Stochastic Oscillator cross above the blue bullish line, this would clearly support the bullish
    scenario.
    AUDUSD:

    The blue bearish corridor from April 10 brought the Aussie through the purple bullish trend line from January 24, but since this trend line covers bigger time frame,
    the break is not significant and it could not be said that the level is overpowered already. Furthermore, there is a bullish divergence between the chart and the
    Stochastic Oscillator (green). After crossing the purple trend line, the price dropped to the interaction point of the lower level of the blue bearish corridor and the
    0.92065 support, which indicates the 1-month low of the price. The followed bounce brought the price back above the purple bullish trend line. Now the price is about
    to meet the upper level of the blue bearish corridor. Having in mind that the price has already reached the big bullish trend line, it could be said that the chances
    for a break in the upper level of the blue corridor are bigger and the bullish divergence between the chart and the Stochastic confirms this scenario. If this happens,
    the next resistance to be met is the red line at 0.93778.
    XAUUSD:

    After breaking the symmetrical triangle from March 17 in bearish direction, it could be said that the price is demonstrating an attempt for a change in the trend from
    January 8, which is also the lower level of the already broken triangle. On the H4 chart we notice that the gold has already transformed the lower level of the
    triangle from a support into a potential resistance. At the same time, the 1306.94 resistance is also a neck line of a potential double bottom formation, which was
    created after the break in the triangle on April 24, which makes the two events incompatible. The break in the big bullish trend line is a more significant event than
    the potential double bottom formation, which makes the formation not very likely to occur. Furthermore, there is a bearish divergence between the graph of the price
    and the Stochastic Oscillator, which supports the change in the trend. At the same time, the Stochastic has just interacted with the 80 level and the two lines are
    just crossing, which is another sign for an upcoming bearish activity. If the price bounces from the yellow 1306.94 resistance, the next significant support to be met
    is the line 1268.57 line, which indicates the previous big bottom 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

  2. #2
    Junior Member
    Join Date
    May 2014
    Posts
    16

    Default Technical Analysis from FXMars

    Posted by FxMars
    EURUSD:

    The first thing we notice on the D1 chart by the EUR/USD is the bearish divergence between the graph and the Stochastic oscillator. The tops from April 11 and May 8 are in an ascending order on the graph, while the Stochastic Oscillator has arranged them in a descending order. This was the basic sign for the big bearish drop in the last two days, which also brought the price through the lower level of the purple triangle. For this reason, the first break out of the triangle might appear to be false. Now the price is testing the already broken blue 6-years bearish line as a support. If the price breaks through the blue bearish line, we might see a decrease to 1.36714 support, which is also a neck line of the head and shoulders formation with tops from March 13 and May 8. If the price bounces from the blue bearish trend line, the first break through the triangle might appear to be real (not fake), and the price might continue its overall bullish movement, where the next decent resistance is the 1.39900 line, which indicates the top from May 8.
    USDJPY:

    The price did a bearish break through the purple 1-year bullish trend line, which is also the lower level of the purple symmetrical triangle from the beginning of January. The break also covers the smaller yellow ascending triangle, which was the last location of the price. After this significant break, it would be likely to see a decrease of the price to the 101.197 red support, which connects the last few bottoms of the price. At the same time, the signals of the Stochastic Oscillator are in a contradiction with the events we already mentioned. After interacting with the level 20 line, the blue line of the indicator has crossed the red dotted line in bullish direction, and the indicator has bounced in bullish direction. For this reason, we believe that the price might still drop to the 101.197 support and then it could start seeking bullish movement, which would also satisfy the signals of the Stochastic Oscillator. If this happens, the next resistances the price would meet are the already broken purple bullish trend line and the green 102.770 resistance.
    GBPUSD:

    The cable shows us a beautiful bearish divergence between the chart and the Stochastic Oscillator, which has already started pushing the price toward a downward movement. Maybe the price would satisfy the false-broken yellow rising wedge formation from April 10 after all. Currently, the price is testing the already broken 1.68377 resistance as a support. This is a level, which was tested on February 17, April 10, April 17 and April 23 and it stood the pressure of the price. Now the level is broken and the price is testing it as a support. If the price bounces from the 1.68377 support, we might see a movement at least to the previous top of the price at 1.69820. If the price breaks the 1.68377 support, the rising wedge formation might gets completed and we might see the price interacting again with the lower level of the blue bullish corridor from the end of September 2013.
    USDCHF:

    The first thing we notice on the D1 chart by the Swissy is the confirmed double bottom formation on the D1 chart and on the Stochastic Oscillator. The 0.88618 resistance also plays the role of a neck line for the formation and it got broken in Friday. Since the formation is also confirmed by the Stochastic Oscillator, we have a significant reason to believe, that the price might increase to its previous top at 0.89486, which is also the neck line of a bigger double top formation (purple). If this happens, it would appear that the bearish break through the yellow triangle from the middle of March is false. On the other hand, if the price does not manage to complete the small double bottom formation and it starts decreasing, the supports the price would experience are the upper and the lower level of the already broken yellow symmetrical triangle, the 0.87697 support and the 0.87453 support.
    AUDUSD:

    The Aussie attempted a bearish break (red circle) through the purple bullish trend line from January, which is also the lower level of the purple symmetrical triangle from April 10. The followed increase of the price has the shape of a rising wedge formation (small blue lines), which brought the price to the upper level of the triangle. As we all know, the rising wedge formation has bearish potential, and in this case, it has the potential to bring the price out of the symmetrical triangle, through the lower level. Furthermore, with meeting the upper level of the triangle, the price also met the 0.93787 resistance, which makes the test point even stronger. At the same time, the Stochastic Oscillator is just crossing its lines in bearish direction after it interacted with the 80-level line and it looks like we will see a bearish bounce. For this reason, if the price starts decreasing, the supports it would meet are the lower level of the purple triangle and the red 0.92053 line, which was already tested twice on April 3 and May 2. If the price breaks through the upper level of the triangle, it would probably increase to the 0.9458 resistance, which indicates the 6-months high of the price.
    XAUUSD:

    After it broke first through the lower level of the red symmetrical triangle from March 17, which also matches with the bullish trend line from January 8, the price started moving in a bullish corridor (green). The corridor brought the price through the yellow resistance at 1307.01, which indicates the previous top of the price, which, despite of the break through the lower level of the triangle, accredits the bullish movement of the price. Now, seeing the direction of the price, despite of the break through the lower level of the triangle, it is hard to be said which side of the triangle the price broke through. Currently, the price is testing the lower level of the green bullish corridor. If the price breaks through this level, the next support to be met is the 1273.95 support, which points the previous bottom of the price, and the already broken red bearish trend line from March 17, which is also the upper level of the triangle we mentioned. If the price bounces from the lower level of the green bullish corridor, the price would probably meet the already broken lower level of the triangle as a resistance, the 1316.29 resistance, which indicates the previous top of the price and the upper level of the corridor.
    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. #3
    Junior Member
    Join Date
    May 2014
    Posts
    16

    Default Week Ahead 18th May Technical Analysis from FXMars

    Posted by fxmars.com
    EURUSD:

    After breaking the symmetrical triangle from the middle of March in bearish direction, the price created a Double Top formation, which got confirmed on Thursday with crossing the neck line at 1.36714. This is the basic reason to believe that the price would basically decrease in longer term and it could even reach 1.34650. At the same time, in the last two weeks, the price did a significantly fast drop, which has been slowing down in the last few trading days after the price reached the red neck line at 1.36714. This hints that a correction might come soon. Furthermore, the stochastic oscillator signalizes for an eventual upcoming increase of the price. The most reasonable resistance to be met is the upper level of the already broken symmetrical triangle from the middle of March. The price might start the expected bearish movement afterwards.
    USDJPY:

    After breaking in bearish direction through the symmetrical triangle from the beginning of January, the Yen tested the already broken lower level of the formation as a resistance and bounced in bearish direction again, where it met the 5-times tested support at 101.197. Having in mind that the price broke in bearish direction the triangle, which is older and stronger, it is likely to see the price breaking through the 101.197 support too. If the price breaks through this support, there would not be any significant support to be met at least until 96.405, which is the level indicating the last significant bottom of the price on W1. If the price bounces from the 101.197 support, it would probably reach again the already broken level of the triangle and the 102.770 resistance afterwards.
    GBPUSD:

    The Cable reached 1.69970, which is now considered as a 5-years high for the price. As a result of the bearish divergence between the chart and the stochastic oscillator, a bearish drop occurred afterwards and the price reached again the lower level of the blue bullish corridor from September 2013. As we see, there is a clear bounce from the lower level of the corridor, which infers that a bigger bullish movement is about to appear. At the same time, with getting out of the 0-20 area, the stochastic oscillator gives a beautiful bullish signal, which supports the bullish scenario. The next resistance to be met is the purple level at 1.69970, which indicates the previous top of the price.
    USDCHF:

    With completing the smaller double bottom formation (blue) with bottoms from April 11 and May 8, the Swissy reached the 0.89486 resistance, which appears to be the neck line of another bigger double bottom formation (green) with bottoms from March 13 and May 8. The neck line got broken anyway, which infers a bullish increase, which could even push the price to the value of 0.91410. At the same time, the stochastic oscillator signalizes that the market is overbought and a decrease in the price might occur. For this reason, it is possible to see the price correcting to the 0.88618 neck line of the smaller blue double bottom formation and to test it as a support, before any upward movement.
    AUDUSD:

    After the Aussie created the impression that a head and shoulders formation might get confirmed, there was an interaction with the purple bullish trend line from the end of January, the price closed a dragonfly Doji candlestick and a bullish increase occurred. The price reached its previous top at 0.93787 afterwards. The top the price just formed could be lined with the 0.94580 top of the price from April 10, which creates the upper side of a symmetrical triangle. This means that the price is going to break through the triangle in bearish or in bullish direction. If the upper level of the triangle gets broken, the price would probably meet the 0.94580 resistance. If the lower level of the triangle gets broken, we might see the price testing the 0.92053 support again and we might speak again of a head and shoulders formation. We remind that the lower level of the triangle is older and many times tested, which makes it stronger than the upper level of the triangle.
    XAUUSD:

    After getting out of the triangle from the middle of March (red), the price is rather moving horizontally than in bullish or bearish direction. In other words, the gold is currently consolidating. The consolidation of the pair resembles a descending triangle (blue), which creation has started in the beginning of April, and it is likely to be broken through the lower level. Currently, the price is moving toward the lower level of the formation, which is horizontal and it is located at 1273.95. If the lower level of the formation gets broken, the price would most likely meet the already broken upper level of the red triangle and it would test it as a support. If the price breaks through the upper level of the formation it would have three more resistances on its way – the yellow resistance at 1307.01, which indicates the last three tops of the price, the purple 1316.29 resistance, which indicates the top of the candlewicks by the middle top and the already broken lower level of the red triangle.
    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

  4. #4
    Junior Member
    Join Date
    May 2014
    Posts
    16

    Default Week Ahead 25th May Technical Analysis from FXMars

    Posted by fxmars.com
    EURUSD:

    The last two tops from April 11 and May 08 and the last two bottoms from April 07 and May 13 were in bearish divergence with the stochastic oscillator, which was the basic signal for the drop in the last two weeks. The price of the pair crossed the 1.36714 neck line of the double top formation with tops from March 13 and May 8, which is the confirmation of the formation. For this reason, we expect a continuation of the bearish tendency. On its way down the is about to meet the 1.35588 support, which indicate the bottom of the price from February 12 and the 1.34734 support, which points the 3-months low from January 26.
    USDJPY:

    After the price of the Yen broke the purple bullish trend line from March 2013, it tested it as a resistance and decreased to 100.818. This decrease broke the 4-times tested support at 101.197. The drop of the price through the purple bullish trend from March 2013 could be marked with a bearish trend line (orange) on the graph. After the drop through the 101.197 support, the price started an increase, which is about to meet the price again with the recent orange bearish trend line. Having in mind the last events by the Yen, it is likely to expect a bearish bounce from the orange trend line, which could be the beginning of a new bearish advance. With the expected interaction with the orange bearish trend line, the stochastic oscillator is about to enter the 80-100 area, whereupon the market would be considered as overbought.
    GBPUSD:

    With reaching 1.69951 on May 06, the cable created a 5-years high. The followed drop decreased the price to the lower level of the blue bullish corridor from September 2013. The test point of the lower level of the corridor is also the interaction point of the lower level of the corridor and the 1.67214, which made the level even stronger. The price did a bullish bounce, which created a second top, lower top on 1.69180. The two tops are in a bullish divergence with the stochastic oscillator, which supports the idea that after interacting again with the lower level of the blue bullish corridor, the price would eventually start increasing again. The potential resistances are the already broken level at 1.68377, and the 1.69952 level, which indicates the 5-years high we already discussed. If the price breaks through the lower level of the blue bullish corridor, the first support to be met is the 1.67214 level, which indicates the last bottom of the price from May 15.
    USDCHF:

    With crossing the 0.89486 neck line, the price confirmed the double bottom formation with bottoms from March 13 and May 08, which in general infers for an upcoming bullish movement. At the same time, with the break through the neck line of the formation, the price created a rising wedge formation, which is the reason to believe that the price might do a correction of the bullish movement, before increasing more. If the wedge breaks in bearish direction, a potential target of the price would be the 0.88618 support, which is the already broken neck line of another, smaller and already completed double bottom formation. Potential resistances of the price are the 0.90367 level, which marks an old top of the price from February 12 and the 0.90825 resistance, which indicates another top from February 3.
    AUDUSD:

    After breaking through the purple bullish trend line from February 24, which is also the lower level of the triangle from April 10 the Aussie decreased to its previous bottom at 0.92027. The support, which indicates this bottom, is also the neck line of a double top formation and it is still not broken. Currently, the price is testing the neck line of the formation. At the same time, the stochastic oscillator signalizes that the market is oversold, which implies that a bullish increase might occur. If this happens, the price would be about to meet the purple bearish trend line from April 10, which is also the upper level of the already broken triangle. If the price breaks through the neck line at 0.92027, the double top formation would be confirmed and we could expect the price to drop to the support at 0.89892, which indicates the previous bottom of the price.
    XAUUSD:

    After breaking the triangle from March 17, the Gold started a consolidation, which resembles another triangle (blue), which was established on April 14. The upper level of the triangle has been tested for six times and the lower level has been tested for 5 times. As we see, the triangle is to its end and we will probably witness a break through one of the sides during the following week. At the same time, the movement of the stochastic oscillator matches with the ticks of the graph, which means that the stochastic could be used as a trigger of a position if it anticipates the eventual break through one of the sides of the triangle. When the triangle gets broken, the first levels to be met by the price are the upper and the lower level of the already broken purple triangle from March 17.
    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. #5
    Junior Member
    Join Date
    May 2014
    Posts
    16

    Default Week Ahead 1st June Technical Analysis from FXMars

    Posted by fxmars.com
    EURUSD:

    With crossing the 1.36714 neck line of the green double top formation on D1 with tops on March 13 and May 8, the price of the Euro decreased to 1.35857 Dollars and created a bottom (orange), which could be considered as an important level for the further continuation of the formation. The drop of the price resembles a falling wedge formation itself (white). The price broke the wedge, which implies for an eventual correction of the price. Furthermore, there is a bullish divergence between the last two bottoms of the price and the stochastic oscillator. Moreover, with its current position, the stochastic oscillator supports the potential correction, which is getting formed now. The expected increase could meet resistance in the already broken neck line at 1.36714 and the blue bearish trend line from 2008.
    USDJPY:

    After breaking the lower level of the purple triangle from January, the price started a slight decrease, which could be followed by the white bearish trend line on the graph. The bearish movement even brought the price through the 101.197 support and reached the 4-months low of the price at 100.756, where the price found support. The price was resisted by the white bearish trend line on Tuesday and a new decrease of the price was started. The stochastic oscillator also started a decrease after entering the 80-100 zone, which supports the eventual drop. On the other hand, there is an obvious bullish divergence between the last three tops of the price and the stochastic oscillator, which speaks of a completely different scenario. If the price follows the bullish divergence, we might see the price breaking the white bearish trend line from April 7 and increasing to at least 102.770. In case of a bullish increase, a potential target for the price might appear to be the area of the interaction point of the two sides of the already broken purple triangle and the 102.770 resistance, which we have marked with a green circle. If the price continues its decrease, it would meet again the many times tested 101.197 support and eventually the 100.756 support.
    GBPUSD:

    After breaking through the lower level of the blue bullish corridor from November 2013, the cable crossed the neck line on 1.67214, which confirmed the double top formation with tops from May 6 and May 25. The price created a bottom at 1.66905 (orange) and started an increase, which could be considered as a correction of the bearish movement caused by the already confirmed formation. The two lines of the stochastic oscillator have crossed in the 0-20 area, which supports the potential correction. Furthermore, the last two tops of the price are in a bullish divergence with the stochastic oscillator. For this reason, we believe that the price would increase to the white bearish trend line, which indicates the two tops of the double top formation, or it could test the already broken lower level of the blue bullish corridor as a resistance, or why not both of them – the green circle.
    USDCHF:

    The situation with the Swissie is pretty much specular to the EUR/USD pair. With crossing the neck line at 0.89486, the price has confirmed a double bottom formation (green) with bottoms from March 13 and May 8. The followed rising wedge formation (white) was broken through the lower level, which implies of a correction of the bullish movement. At the same time, there is a bearish divergence between the last two tops of the price and the stochastic oscillator. Furthermore, the stochastic oscillator has just confirmed an overbought market, which also supports the potential correction. For this reason, we expect a decrease in the price, which could even reach the support at 0.88618 – the neck line of the previous smaller double bottom formation (purple).
    AUDUSD:

    After the attempt to break the 0.92027 neck line of the double top formation (green) with tops from April 10 and May 14, the price bounced from the neck line and increased to the upper level of the already broken purple triangle. With finding resistance in the line for third time, it could be said that the line is confirmed to be a bearish trend line and the double top formation could evolve into a bullish pennant, where the upper level is the purple bearish trend we discussed and the lower level is the unbroken 0.92027 support – the neck line of the potential double top formation. The classical scenario by such pennants is to see three tests of the level, which is expected to get broken, and then the break. For this reason, we believe that the price might return to the lower level of the formation for the test. Furthermore, the stochastic oscillator is about to signalize for an overbought market soon. This does not mean that the chances for a confirmation of the green double top formation are lost. The price might still break the neck line and could give us a bearish signal. If the price breaks through the upper level of the formation, the price would be about to meet the 0.93787 and the 0.94589 resistances. If the price breaks the neck line of the double top formation, it would eventually decrease at least to the 0.98982 support, which indicates the bottoms from March 17 and March 20.
    XAUUSD:

    After the price broke through the purple bullish trend line from the beginning of January, the price started a consolidation, which resembles an isosceles triangle (yellow). A break in the lower level of the formation appeared and the price started decreasing. It could be said that the price has completed about 80% of the potential bearish movement after the break, which is expected to reach the 1230.83 support, which indicates the bottoms of the price from January 15 and January 23. On the other hand, the price shows a decrease of the bearish intensity and at the same time, the stochastic oscillator is currently giving signals for an oversold market. For this reason, we believe that the price might change direction and in such case, keeping the short position might appear to be a risky task having in mind the fact that we have already achieved 80% of the potential movement. If the decrease in the price continues, the potential support is the already mentioned 1230.82 level. If a change in the movement occurs, we could expect the price to meet the 1268.56 resistance and the upper and the lower level of the already broken yellow triangle.

    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. #6
    Junior Member
    Join Date
    May 2014
    Posts
    16

    Default Week Ahead 8th June Technical Analysis from FXMars

    Posted by fxmars.com
    EURUSD:

    The orange falling wedge formation, which was created as a result of the downward movement of the confirmed D1 double top formation with tops from March 13 and May 8, the price broke the upper level of the wedge and increased in order to test the already broken 1.36711 neck line of the double top formation as a resistance. Currently, it looks like the price was resisted by the level, which implies for an eventual drop of the price. After all the already confirmed double top formation is expected to decrease the price at least to the support at 1.34739, which indicates a bottom from February 2. Furthermore, the stochastic oscillator is currently giving signals for an overbought market, which supports the bearish scenario. The eventual decrease of the price might find supports at 1.35583 and 1.34739. If the price breaks through the 1.36711 resistance, we might see the price being resisted at the 6-yearsh blue bearish trend line and the upper level of the already broken purple triangle.
    USDJPY:

    After decreasing to the support at 100.756, we were watching a constant bullish increase, which created the 3-times tested orange bullish trend line from May 21. The bullish activity brought the price to test the green 102.770 resistance and the lower level of the already broken purple triangle at once. The price bounced from this level, which was the reason for the creation of the third bottom of the orange bullish trend line. At the same time, the momentum indicator signalizes for an overbought market, which supports the bearish scenario. As a trigger of a short position, we could use any bearish break through the orange bullish trend line. If the price decreases, it might find supports at 101.197 and 100.756. On the other hand, the potential resistances are the two sides of the already broken purple triangle and the blue resistance zone around 103.750.
    GBPUSD:

    With bouncing for third time from the purple bearish line which connects the May 6 and May 21 tops of the double top formation on D1, the price showed indication that the purple bearish line could already be considered as a bearish trend. We also remind that with interrupting the 1.67214 neck line, the Cable actually confirmed the double top formation. At the same time, the stochastic oscillator is about to give signals for an overbought market, which is the third signal of our bearish thesis. For this reason, we believe that the current bounce from the purple bearish trend line from May 6 might appear to be the beginning of a new stronger bearish activity, which might even complete the already confirmed double top formation and could bring a decrease of about 300 bearish pips.
    USDCHF:

    As we know, the situation by this pair is pretty much parallel to the EUR/USD scenario. In this case the formation is double bottom and the wedge is rising. After a bearish divergence between the last tops of the price and the stochastic oscillator, the price broke in bearish direction and decreased its value with about 80 bearish pips, which might place the rising wedge formation in the list of completed formations. Furthermore, the current slowdown of the bearish activity might be a signal for an upcoming bullish activity. At the same time, the stochastic oscillator has entered the 0-20 area and it is about to give a signal for an oversold market. If the price increases, the potential resistances would be 0.89486, 0.90367 and 0.90825. Another decrease of the price would make us consider the supports at 0.88618 and 0.87453 as potential threats for every bear.
    AUDUSD:

    The attempt for a break in the 0.92027 neck line of the double top formation with tops from April 10 and r is just about to give a May 14 brought the price to a third interaction with the upper level of the already broken triangle from April 10. This implies that the purple bearish trend line could already be considered as a bearish trend line. After interacting with the purple bearish trend, the price closed a bearish candle, which speaks of a resistance in the level. At the same time, the stochastic oscillator is about to give us a signal for an overbought market. If the price drops, the first support to be met is the 0.92027 neck line of the potential double top formation and the 0.89892 level. A break in the purple bearish trend line could be used as a trigger of a long position, which might find obstacles at 0.93787 and 0.94580 resistance.
    XAUUSD:

    The bearish break through the parallel triangle from April 15 decreased the price to around 1243.10, where it created a bottom, which might appear to be a crucial level in case of an eventual continuation of the bearish activity. Currently, the price is showing indications for a correction of the bearish activity. At the same time, the stochastic oscillator just did a rapid increase, which got it out of the oversold area. The correction itself might be resisted by the 1268.56 level and the both sides of the already broken green triangle. Any further decrease of the price might meet the supports at 1243.10 and 1230.82. A break through 1.230.82 would increase the chances for a new sharp bearish movement 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. #7
    Junior Member
    Join Date
    May 2014
    Posts
    16

    Default Week Ahead 15th June Technical Analysis from FXMars

    Posted by fxmars.com
    EURUSD:

    The price has completed about 80% of the double top formation (green) with tops from March 13 and May 8 on the D1 chart. Furthermore, the pair went through the support at 1.35583, which speaks of a continuation of the downward activity. The latest movement of the price happens in a bearish corridor (yellow), which is a result of the bearish movement of the double top formation. As you see, in the last three trading days the price was testing the lower level of the yellow corridor, and a bullish bounce even occurred. For this reason, we believe that the price might eventually do a bullish correction of the downward movement, before any other decrease. The stochastic oscillator is about to give a signals for an oversold market, which supports the correction of the bearish movement.
    USDJPY:

    After testing the interaction point of the 102.770 resistance and the lower level of the purple triangle from the end of December 2013, the price bounced in bearish direction. The followed bearish movement broke through the 3-times tested blue bullish trend line from May 21. After two bearish candles on D1, the price created a bullish candle, which established a bottom at 101.587. As a typical change in a trend, we expect the price to meet the small blue bullish trend line as a resistance and eventually to bounce from it. In such case, the 101.587 would be a crucial level for the continuation of the bearish movement. After all, after the bounce from the 102.770 resistance, the price is expected to meet the 101.197 support and eventually the 100.756 support.
    GBPUSD:

    After creating an impression for a double top formation on D1, the cable increased again to the resistance at 1.69952. Currently, the price demonstrates that the level is stronger than the price, which is the reason for the decrease after the interaction with the level. At the same time, the stochastic oscillator is about to enter the 100-80 zone, which would signalize for an overbought market. If the price bounces from the 1.69952 resistance, an interaction with the supports at 1.68377 and 1.67214 is likely to occur. If the price breaks through the 1.69952 resistance, the level might be turned into a support, which would probably be the beginning of a new bullish wave.
    USDCHF:

    After the price formed a bottom at 0.89045 (blue), the price went through the resistance at 0.89486 and formed a top around 0.90100. This top lies on a bullish line (pink) with the last few tops of the price, which means that the line might be perceived as a resistance. Having in mind that the price decreased its intensity after interacting with the pink line, we could expect the price to decrease again, for example, to the 0.89486 support or even to the blue support at 0.89045. Furthermore, there is a small bearish divergence between the price and the stochastic oscillator, which supports the bearish correction. Moreover, the stochastic oscillator is about to enter the 100-80 zone and to signalize for an overbought market. On the other hand, we should not forget that there is a big and confirmed double bottom formation here (green), which is likely to send the price higher and higher. On its way up, the price might meet the resistances at 0.90367 and 0.90825.
    AUDUSD:

    The Aussie broke through the purple bearish line from April 10, which rapidly decreased the bearish expectations in some way. The price even broke the resistance at 0.93787 and currently the price is testing it as a support. Having in mind the break through the purple bearish line, we might expect the price to decrease to the same line and to test it as a support before any further bullish activity. At the same time, the stochastic oscillator gives a clear signal for an overbought market, which supports the eventual decrease. If the price breaks through the 0.93787 support, it might reach the purple bearish line as a support, or even the 0.92027 support again. If the price bounces in bullish direction, the crucial level would be resistance at 0.94580, which indicates the 6-months high of the price.
    XAUUSD:

    The price has been moving in a bearish corridor recently. The beginning of the corridor was set by a small top on March 23. This bearish corridor brought the price through the 1268.56 support on May 25, which set a second bottom and the lower level of the corridor respectfully. Currently, the price is moving toward the upper level of the corridor and it is about to reach it in the next few days. During the interaction with the upper level of the corridor we should be careful for a break or a bounce, because, as we see, the tests of the upper level of the corridor are much more intense than the tests of the lower level. The more likely outcome would be a bearish bounce from the upper level of the corridor. Furthermore, the stochastic oscillator gives signals for an overbought market. If the price bounces from the upper level of the corridor an interaction with the supports at 1268.56 and 1230.82 is likely to occur.

    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

  8. #8
    Junior Member
    Join Date
    May 2014
    Posts
    16

    Default Week Ahead 22nd June Technical Analysis from FXMars

    Posted by fxmars.com
    EURUSD:

    It looks like the price attempts to break the upper level of the orange bearish corridor from May 12. The last two candles of the price are a bit above the upper level, which creates the impression that the price might change its direction. At the same time, the stochastic oscillator is in a bearish divergence with the chart of the price, because it forms higher tops and bottoms, which is the second bullish signal we get. On the other hand, the big double top formation with tops from March 13 and May 8 is still not fully completed and it has about 30 more bearish pips to take. Such decrease would almost perfectly touch the bullish line which connects the bottoms from July 2012 and July 2013. For this reason, the current interaction with the upper level of the orange bearish corridor is crucial for the further movement of the price. A certain break through the orange level would probably change the direction of the price and it might reach the 1.36711 resistance, the already broken blue bearish trend line from 2008 and even the purple bearish line from March.
    USDJPY:

    With its last two bottoms the price created a bullish trend line, which in a combination with the line connecting the tops from May 12 and June 4, forms a bullish corridor. If the lower level of the corridor manages to support the price we would probably see the price reaching the resistance at 102.770 and maybe the upper level of the orange bullish corridor. At the same time, the stochastic oscillator is in a convergence with the bullish corridor, which gives additional strength to the bullish scenario. If the price breaks through the lower level of the orange corridor, we would probably see the price interacting with the support at 101.197 and eventually the further support at 100.756.
    GBPUSD:

    The current bullish movement of the price brought the Cable to test the area around 1.70475, which indicates the 5-years high of the pair. The increase of the price to this level happened in something like a small rising wedge formation, which according to the wedge rules should be about to break in bearish direction at any time. Furthermore, the stochastic oscillator gives a clear signal for an overbought market. These three bearish signs create the impression, that the Cable might not break its 5-years high. If the price bounces in bearish direction, we would expect it to interact eventually with the support at 1.68377 and why not with the 1.67214 support.
    USDCHF:

    As we have already mentioned, the situation here is pretty similar to the EUR/USD currency pair with the difference that the chart is a mirrored image to the Euro-Dollar and the double bottom formation here has more bullish pips to take – about 100 pips. As by the EUR/USD pair the price is attempting a break through the lower level of the bullish corridor from May 12 and again there is a bearish divergence between the chart of the Swissy and the stochastic oscillator, which supports the eventual bearish movement. If the price does a certain break through the lower level of the corridor, it might drop to the support at 0.88618, which indicates the neck line of the smaller double bottom formation (purple).
    AUDUSD:

    After breaking through the purple bearish trend line from April 10, the price returned to the same line and tested it as a support, which is an indication for a potential change in the bearish trend. When increasing, the price almost reached the 0.94580 level, which indicates the 4-months high of the price. A break through this level would confirm an eventual continuation of the bullish increase. At the same time, the price has been following a bullish trend line (orange) since May 29. The movement of the stochastic oscillator matches with the current movement of the price, which makes the bulls even stronger. If the price breaks through the resistance at 0.94580, it would make a 7-months high, which would indicate that the price would eventually seek for further tops.
    XAUUSD:

    As signalized from the bullish divergence (yellow) between the chart of the gold and the stochastic oscillator, the price did a sharp bullish break through the upper level of the blue bearish corridor from March 21. The increase of the price reached the level of 1321.88, which currently plays the role of a potential resistance of the price. After the increase, the price opened a bearish candle, which speaks of a potential rebound. As we all know after a break of a certain level, the price might eventually return to test it as a support, so a return to the upper level of the corridor and a test as a support is possible. Another support, which the price could meet, is the level at 1268.56. On the other hand, a break through the 1321.88 resistance might bring the price to the already broken purple bullish trend line from January 5.

    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

  9. #9
    Junior Member
    Join Date
    May 2014
    Posts
    16

    Default Week Ahead 29th June Technical Analysis from FXMars

    Posted by fxmars.com
    EURUSD:

    The break through the orange bearish corridor from May 12 is certain. After the price has been following the bullish trend line from June 12, the pair was brought through the upper level of the corridor. The price is about to reach the already broken 1.36711 neck line of the big double top formation as a resistance. Having in mind that the stochastic oscillator has almost reached the 100-80 area and it is about to give a signal for an overbought market, we have a reason to believe that the price might bounce from the 1.36711 resistance, which on the other hand might resume the already interrupted bearish activity.
    USDJPY:

    After interacting with the 102.770 resistance (green), on its way down, the price created a second shoulder and broke through the neck line (orange) of the small head and shoulders (green) formation with shoulders from May 27 and June 18. The price has almost reached the support at 101.197 and it has completed only about 50% of the potential movement of the already confirmed head and shoulders formation. For this reason, we believe that the price might break through the 101.197 support and might decrease to the next support at 100,756, which connects the bottoms from February 4 and May 21. Of course, there might be a bullish correction after the price interacts with the 101.197 support.
    GBPUSD:

    After increasing to its 5-years high at 1.70475, the Cable scored a tiny decrease and another increase to the 5-years high appeared. Currently, the price is testing the 1.70475 resistance, which having in mind its age, it might not even get broken. At the same time, the stochastic oscillator is decreasing, which creates a bearish divergence between the bottoms of the Cable and the stochastic oscillator. For this reason, we believe that it is more likely for the price to bounce from the level, which indicates the 5-years high, and to start a decrease, which might reach the 1.68377 support.
    USDCHF:

    Like in the EUR/USD currency pair, the Swissy broke its corridor too. As we all know, the situation here is reflex to the EUR/USD, which means that the here the corridor from May 12 is bullish and the break is bearish through the lower level of the corridor. The price is still following the bearish trend line (green) from June 12, which is about to bring the price to the 0.88618 support. The stochastic oscillator is almost on into the 20-0 area, which means that we might get a signal for an oversold market soon. For this reason, like by the EUR/USD pair, we might see a change in the bearish direction soon – for example, after the price interacts with the 0.88618 resistance.
    AUDUSD:

    As we see, the price of the Aussie is testing again the resistance at 0.94347. At the same time, the last tops of the price are in a bearish divergence with the last tops of the stochastic oscillator, which speaks of an eventual decrease of the test phase on the 0.94347 resistance. Furthermore, the bullish increase of the price after the interaction with the 0.92027 support resembles a rising wedge formation, which as we all know, has bearish potential. Moreover, the stochastic oscillator has created a head and shoulders formation, which is about to get confirmed and to support the whole bearish scenario we just described. For this reason, we believe that the price would most likely change its direction and would eventually drop to the already broken bearish line (purple), which connects the tops from April 10 and May 14.

    XAUUSD:

    After breaking in bullish direction through the blue bearish corridor from March 21, the price increased with about 2.8% and reached the level of 1321.88, where it obviously found strong resistance. During the whole last trading week, the price has been consolidating around the 1321.88 resistance, but a certain break did not appear, which implies that the price might bounce in bearish direction. Suddenly, after getting into the 100-80 area, the stochastic oscillator’s lines interacted and the indicator is currently getting out of the 100-80 area, which speaks of an overbought market. For this reason, a decrease of the price to the already broken upper level of the blue bearish corridor looks authentic. We would also like to remind, that the interaction point between the already broken upper level of the blue bearish corridor and the 1268.56 support is pretty close in regards of time period. Might this be the next target 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

  10. #10
    Junior Member
    Join Date
    May 2014
    Posts
    16

    Default Week Ahead 6th July Technical Analysis from FXMars

    Posted by fxmars.com
    EURUSD:

    After the break through the purple bearish corridor from May 15, the price continued its bullish movement after the orange bullish trend line from June 12, until it reached the already broken 1.36711 neck line of the big double top formation as a resistance. The certain test point matches with the area of the blue bearish trend line from 2008 (MN chart), which made the area stronger. A bearish bounce appeared afterwards and the price dropped to the 61.8% Fibonacci Level of the orange bullish trend. The stochastic oscillator follows the movement of the price, which supports the current bearish activity. If a break in the 61.8% Fibonacci level appears, we might see the price dropping to 1.35100, which is the 0.00% Fibonacci level. If a change in the stochastic oscillator appears, the price might get supported and a new increase to 1.36711 might follow.
    USDJPY:

    After the orange bearish trend line from June 5 brought the price to the 101.197 support, the price bounced in bullish direction and the orange trend got broken, which happened right after the stochastic oscillator gave a signal for an oversold market. For this reason, we believe that the price would probably do another increase either to the 102.770 resistance or at least to the purple bearish line from January 2. Having in mind that the stochastic is about to give a signal for an overbought market, we might expect the price to create a correction, for example to the orange bearish line.
    GBPUSD:

    After breaking its 5-years high at 1.70475, the Cable increased with about 110 more pips and then appeared a decrease in the intensity of the bullish movement. At the same time, the stochastic oscillator gives us a signal for an overbought market, which creates the impression that a new resistance is formed. For this reason, it is likely for the price do a correction of the bullish movement to the orange line, which connects the last two bottoms of the price, to the already broken resistance at 1.70475, which currently plays the role of a support, and eventually to the lower level of the blue bullish corridor from November 2013.
    USDCHF:

    The bearish break through the bullish corridor from May 12 brought the price to the yellow bullish trend line from March 13. The Swissy was then supported and currently we follow an increase of the price, which is now testing the 0.89486 resistance – the neck line of the big double bottom formation with bottoms from March 13 and May 8. If the price breaks in bullish direction, the next resistances to be met are the lower level of the already broken purple corridor and eventually the 0.90367 resistance. The stochastic oscillator shows a high bullish intensity, which
    AUDUSD:

    The break through the orange bullish trend line from May 29 brought the Aussie to the 0.93196 support, which indicates the bottom of the price from June 17. As you see, the stochastic oscillator follows the exact movement of the price and it even gave us a signal for the upcoming break in the orange trend with creating a bearish divergence between itself and the last two tops of the price (blue). Having in mind that the price was supported by the level at 0.93196 and that the stochastic oscillator enters the area of the oversold market, we could state that an eventual increase of the price is expected. Potential resistances would be the already broken orange bullish trend and the level at 0.94347.
    XAUUSD:

    The bullish break through the blue bearish corridor from March 21 brought the price of the fold to the resistance level at 1331.38. The recent bullish movement, which led the price to the resistance, resembles a bullish corridor. At the same time, the stochastic oscillator has created a triangle which got broken in bearish direction. This is considered to be in a divergence with the recent movement of the price, which is the reason to believe that the orange corridor could break through the lower level. Furthermore, the price has already bounced from the 1331.38 resistance. For this reason, we believe that a decrease to the already broken upper level of the blue bearish corridor, or to the support at 1268.56 is possible
    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

Similar Threads

  1. USD/CHF technical analysis
    By Rita Ronker in forum Technical analysis
    Replies: 8
    Last Post: 01-30-2016, 13:42
  2. What is Technical Analysis?
    By painofhell in forum Trading discussion
    Replies: 3
    Last Post: 11-07-2014, 17:41
  3. Technical Analysis
    By painofhell in forum Trading discussion
    Replies: 0
    Last Post: 08-29-2014, 14:48
  4. Technical analysis
    By painofhell in forum Trading discussion
    Replies: 0
    Last Post: 08-20-2014, 22:04
  5. Technical Analysis
    By iTe in forum Technical analysis
    Replies: 1
    Last Post: 08-10-2010, 06:16

Tags for this Thread

100, 100 pips, analysis, candle, candlestick, change, change direction, demo, divergence, eur/usd, fibonacci, forex, gold, high, indicator, information, investment, level, low, mirror, offer, oscillator, rating, real, resistance, signal, signals, stochastic, support, technical analysis, test, time, trading, trend, yen

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •