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Thread: ForexTechnical Analysis(FxGlory.com)

  1. #141

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    USDCAD Analysis(2012.12.20)

    USD/CAD pair in itís bearish trend registers 0.98236 as lowest price and after building this support starts bullish trend. This new trend as shown in H4 time frame can break bearish trend line that resist 3 times before breaking. This break turn on alarms for bullish trend plus that price is closed above 5D MA already. As sellers and buyers have this sight view , we can see long down shadow for the candle with low price 0.98798 that shows inefficient sellers try to sell.Totally most important alarm for starting bullish trend is closing bullish candle above resistance level 0.98911 and break it in this pair. In daily time frame for this pair Stoch indicator indicates bullish probabilities in furthermore candles. Until support level 0.98236 is steady , price have a good potential for touch higher prices in this pair.


    FxGlory
    2012.12.20

  2. #142

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    USDCHF Analysis(2012.12.21)

    USD/CHF during itís bearish trend touched 0.90837 and this support is the most efficient support already. In 19th daily candle is a hammer candle that indicates sellers canít make lower prices, next candle with a tiny body (Like doji but not exactly) show us may be we have a change in trend to bullish. As we see in figure in the daily time frame there is a butterfly pattern (harmonic method) that AB=CD in the pattern shaped 50/200 , ideal situation for AB=CD pattern. Stoch indicator in daily time frame is in sell saturated region and probably is an alarm for bullish trend starting. RSI indicator also alarmed for changing trend to bullish. While support line 0.90837 respected , price will have potential to pull up and make a bullish trend.


    FxGlory
    2012.12.21

  3. #143

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    Technical analysis of EUR/CAD date 02.01.2013

    EUR/CAD during its ascending trend has been stopped by reaching to the resistance edge of ascending channel and has formed the top price of 1.31845 as it is obvious in the picture below. Right now this top price is recorded by the descending candle after it. In the mentioned top price there is Hanging Man candlestick pattern which warns the possibility of formation of a top price and doubt in more ascending trend. Stoch indicator is in saturation buy area in daily time frame and warns the possibility of decrease of the price according to the next cycle.
    As it is obvious in the picture below,the AB=CD harmonic pattern is formed with the ideal ratios of 78.6 and 127.2 in this currency pair that with the formation of D point , there is the possibility of decrease and descend during the next days. The price has been stopped from more descend during it downfall by reaching to the supportive level of 1.30233 (Change of polarity). Right now the mentioned alterant level is an obstacle for the price and breaking of this line is a warning for more descend. Generally according to the formed signs in the chart, until the top price of 1.31845 is preserved, there is the possibility of descending of the price in this chart.



    [B]FxGlory
    2013.01.02
    [/B

  4. #144

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    Technical analysis of EUR/JPY dated 03.01.2013

    As it was mentioned in the previous analysis of this currency pair dated 06.11.2012 according to the formed signs and the Wolfe wave technical pattern, there was the possibility of ascending of the price till the target line which finally happened. The price during its ascend has recorded the top price of 116.000 and this level was in the attention of many traders specially buyers because of being rounded and has been used as a target price.Right now this price level is the nearest and important resistance level in front of price (also because of being rounded is important).

    As it is obvious in the picture below, in daily time frame the price has been stopped by reaching to the descending trend line and Stoch indicator is in saturation buy area warns the possibility of decrease of the price according to the next cycle. Right now the daily candle of the previous day is closed in a descending trend and shows the descending trend in daily and weekly time frame of this currency pair. Generally until the top price of 116.000 is preserved, there is the possibility of recent ascending trend reformation.



    FxGlory
    2013.01.03

  5. #145

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    Technical analysis of USD/CHF dated 04.01.2013

    As it was mentioned in the previous analysis of this currency pair dated 21.12.2012 according to the technical formed signs, there was the possibility of ascending of the price which finally happened. Right now the price is above 5-Day moving average and the daily candle of the previous day was closed in an ascending trend which warns the possibility of more ascend of price. With the formation of Hammer candlestick pattern in weekly time frame and formation of the bottom price of 0.90820 the price has been stopped from more descend and there is the possibility of price ascending from this bottom price.Stoch indicator is in saturation sell area in weekly time frame and warns the possibility of ascending of the price during the next weeks. Right now there is not any clear technical signs for descending of the price in this currency pair and the previous technical analysis of this currency pair dated 21.12.2012 is still preserved.


    FxGlory
    2013.01.04

  6. #146

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    Technical analysis of GBP/CHF dated 07.01.2013

    GBP/CHF could record the bottom price of 1.46906 during its descending trend and right now this bottom price is the most important supportive level in front of price. The weekly candle which has relatively long lower shadow is the reason for the attention of the traders to the supportive level at 10.06.2012 which prevents from more descend of price. Right now the price formed a bottom price in supportive level of 1.46906 which is closed above the 5-day moving average and warns the possibility of ascending of the price.

    Stoch indicator is in saturation sell area in this time frame and warns the possibility of ascending of the price during next weeks according to the next cycle. In 4H time frame of this currency pair, generally the price is in a descending trend range and the drawn descending trend line in the picture below is one of the most important resistance levels in front of price. The price by making the bottom price of 1.48339 shows its first warning for catching the descending trend line and having an ascending trend.Stoch indicator is in saturation sell area in 4H time frame and warns the possibility of ascending of the price according to the next cycle. Generally until the bottom price of 1.46906 is preserved, there is the possibility of increase and ascend of price in this currency pair.


    FxGlory
    2013.01.07

  7. #147

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    Technical analysis of CAD/JPY dated 08.01.2013

    CAD/JPY could record the top price of 89.479 during its ascending trend and right now this is one of the most important resistance levels in front of the price. The price by reaching and touching the resistance level of 89.479 (which is formed on 08.04.2011) could not pass it and the buyers retreated in this stage. There is an AB=CD harmonic pattern between the bottom price of 72.171 and the top price of 89.479 with the ratios of 78.6 and 127.2 that by completing the ending point of this pattern, there is warning for descending of the price.Stoch indicator is in saturation buy area and according to the next cycle warns the possibility of decrease of the price during the next days. According to this point, this currency pair has experienced the strong ascending trend in the past and if the price level of 89.479 will be preserved, it has the potential of price reformation.



    FxGlory
    2013.01.08

  8. #148

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    Technical analysis of gold dated 09.01.2013

    Gold chart from late 2011 till now have fluctuated in the range of two important support and resistance levels of 1789.06 and 1530.17. These levels were important top and bottom prices of Gold 5 times. Right now Gold during it descend recorded the level of 1626.42 and has been stopped from more descend. This level is established as the bottom price after closing of the next candles. As it is obvious in the picture below, Gold is in a downtrend channel which the price find an ascending trend by facing its supportive edge and the formation of the long lower shadow in 04.01.2013 candle shows the importance of these levels and the attention of all traders to them (Also in this area there is a alterant level that completes the supportive edge of downtrend channel).There is an AB=CD harmonic pattern between the resistance level of 1789.06 and the supportive level of 1626.42 with the ratios of 61.8 and 161.8 that by completing of the D point in this pattern, there is warning for ascending of the price. RSI indicator is in saturation sell area follows the bottom price of 1626.42 and warns the possibility of ascend during the next days. Generally until the supportive edge of downtrend channel is preserved, there is the possibility of ascending of the price.


    FxGlory
    2013.01.09

  9. #149

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    Technical analysis of silver dated 10.01.2013

    Silver chart has been stopped during its descending trend from the top price of 35.35 and reaching to the important supportive level which is determined in the picture below, and the sellers are capable of reaching to the lower prices. Price during its descend could record the bottom price of 29.19 which is one of the most important supportive levels in front of the price. Formation of the long lower shadow on determined supportive levels shows the attention of traders to this area and doubts of sellers to continue their ways.As it is obvious in the picture below, according to the formed signs in daily time frame, the AB=CD harmonic pattern with the ideal ratios of 78.6 and 127.2 is formed and by completing of the D point, there is a warning for ascending of the price. Stoch warns the possibility of ascending of the price according to the next cycle during the next days. Generally according to the formed signs until the bottom price of 29.19 is preserved, there is the possibility of increase and ascending of price in this chart.



    FxGlory
    2013.01.10

  10. #150

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    Technical analysis of AUD/JPY dated 11.01.2013

    AUD/JPY could experience a good ascend without price reformation during its strong ascend and right now it has recorded the top price of 94.552 and this is one of the most important resistance level in front of the price. According to the recent strong ascend and without reformation of this currency pair, there is the possibility of price reformation. As it is obvious in the picture below, in the weekly time frame the price during its ascend has reached and touched the red resistance line, and there is the possibility of formation of a top price in descending direction and revert or ascending stop. There is AB = CD harmonic pattern between the bottom price of 72.044 and the top price of 94.552 according to the formed price movement that by completing of the D point, there is a warning for descending of the price in this currency pair.

    In 4H time frame there is an Shooting Star candle stick pattern at the top price of 94.522 that shows the failure of the sellers in reaching to the higher prices temporary. The mentioned top price is in Fibonacci level of 200 and there is the possibility of descending of the price from this resistance level. Stoch indicator is in saturation buy area in 4H time frame and warns the possibility of decreasing of the price according to the next cycle. Generally according to the recent strong ascend and formed signs, there is the possibility of price reformation in this chart.


    FxGlory
    2013.01.11

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