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Thread: ForexTechnical Analysis(FxGlory.com)

  1. #261

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    Technical analysis of EUR/AUD dated 12.07.2013


    EUR/AUD since 03.04.2013 was in strong and consistent uptrend with small price reformations. Buyers during this uptrend were successful in achieving the highest price of 1.44025, And with reaching to the resistance levels made of 2 top prices ( in 2011) have tested these levels and were not able to reach to higher levels so the price has stopped from more ascending. As it is obvious in the picture below, between the bottom price of 1.16020 and top price of 1.44025 , there is AB=CD harmonic pattern with ideal ratios of 61.8 and 161.8 that with completion of the D point , there is a warning for stopping of uptrend and changing price direction.


    According to the type of formed candles like Hanging Man and Engulfing candlestick patterns in green color area warns about Vulnerability of uptrend and formation of a top price and decreasing of the price. Stoch indicator in weekly time frame is in saturation buy area and with the next cycle warns about the potential of changing price direction during the next weeks. Currently the first warning for decreasing of price is breaking of the supportive level of 1.42299. Generally until the D point in weekly time frame is preserved, there is a potential for price reformation and descending.



    2013.07.12
    FxGlory

  2. #262
    Junior Member
    Join Date
    Oct 2012
    Posts
    15

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    Specialized research has long been used in conventional marketplaces like the stock exchange. Specialized research techniques depend on cost history in order to estimate the future. There are numerous techniques used in the forecasting, but the main point here is that they always depend on cost motions of the past. Specialized research takes a few different types and many techniques of use.

  3. #263

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    Technical analysis of EUR/GBP dated 15.07.2013

    EUR/GBP in recent weeks, has been experienced many reformation with a gradual upward trend that Buyers over price increases obtained the highest price of 0.86953. Currently in long-term time frames such as monthly / weekly and daily price is above the 5-day moving average which implies consistent uptrend with potential of further rise in price during the next candles.

    As it is shown in the picture below, price has been stopped from ascending during the uptrend from D harmonic pattern point (warning for increasing of price in the previous analysis of 06.09.2012 ), and with reaching to the descending trend line, it is ready to test it again. Currently there is not any clear reason for descending of price in long period of time and the first warning for descending of price is formation of a top price and confirming of it in weekly time frame. If the descending trend line breaks, there is a warning for ascending of price and reaching to the resistance level of 0.88189.



    FxGlory
    2013.07.15

  4. #264

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    Technical analysis of AUD/USD dated 16.07.2013

    AUD/USD was in a strong and consistent downtrend during the recent months that sellers were successful in obtaining the lowest price of 0.89991. price with reaching to the supportive level which is shown in the picture below ( made of 2 bottom prices) and the important round level of 0.90000 has stopped from more descend( sellers used this level to exit their trades) and with formation of a bottom price in daily time frame has prepared a field for ascending of price. According to the previous week changes, previous week candle was closed as Inverted Hammer candlestick pattern which shows vulnerability of descending trend and potential for formation of a bottom price in this range.

    As it is obvious in the picture below, between the top price of 1.08553 and bottom price of 0.89991 there is AB=CD harmonic pattern with ratios of 78.6 and 127.2 that warns the potential of ascending from the D point of this pattern. RSI indicator is in saturation sell area in daily time frame and in divergence mode with the price chart that warns about changing price direction during the next days. In weekly time frame Stoch indicator is in saturation sell area and with the next cycle confirms the bottom price of 0.89991. Generally according to the current situation, until the bottom price of 0.89991is preserved, there is the potential for ascending of price and reformation of descending trend.


    FxGlory
    2013.07.16

  5. #265

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    Technical analysis of AUD/JPY dated 17.07.2013

    As it was mentioned in the previous technical analysis of AUD/JPY dated 19.06.2013, according to the formed signs, there was the potential for ascending of price which finally happened. Buyers were successful in achieving the highest price of 93.058. Price has been stopped from more ascend with reaching to the specified resistance level (conversion level) and also the round resistance level of 93.000 (buyers use these levels to exit their trades) has formed a top price and returned to the ascending trend line. As it is obvious in the picture below, points of 3 and 5 on ascending trend line are in important supportive range dated back to 2011.

    Currently in daily time frame price with touching the ascending trend line (made of 4 price levels) and forming a bottom price has prepared a field for ascending. Stoch indication in weekly and daily time frame is in saturation sell area and with the next cycle confirms the 5th point of ascending trend line and warns about ascending during the next candles. Generally according to the current situation, until the bottom price of 88.897 is preserved, price has the potential for reformation of downtrend.



    FxGlory
    2013.07.17

  6. #266

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    Technical analysis of GBP/CAD dated 18.07.2013

    GBP/CAD since 1998 was in a long term and strong downtrend which is currently among the lowest prices. Sellers could achieve the lowest price of 1.48320 during this downtrend. As it is shown in the picture below, price with creating a top price on 25th of previous month (formation of Doji candle stick pattern as a top price) at the resistance edge of ascending channel finally decreased and with reaching to the supportive line of ascending channel has stopped from more descending. Currently in daily time frame, price with reaching to the ascending trend line and forming the third point of ascending trend line has increased.

    Price in monthly and weekly time frames is above 5-day moving average and warns about the potential of ascending in long period of time. According to the formed movements in the previous week, there is a Spinning Top candlestick pattern which shows indecision marker for ascending or descending and there is a warning for stopping of more descending.Stoch indicator with the ascending cycle confirms the third point of ascending trend line and warns about the potential of ascending during the next candles. Breaking the descending trend line (made of 2 resistance level) in 4 H time frame is the first important warning for ascending of price in current situation. Generally according to the current condition of this currency pair, there is the potential of ascending and reformation of the downtrend in long period of time.


    FxGlory
    2013.07.18

  7. #267

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    Technical analysis of USD/JPY dated 19.07.2013

    As it was mentioned in the previous technical analysis of this currency pair dated 30.05.2013, according to the formed technical signs, there was the potential for reformation and descending of price which finally happened. Currently in monthly, weekly and daily time frames price is above 5-day moving average that warns about the potential of ascending of price during long period of time. The price is now surrounded with both ascending and descending trend lines which is one of the most important supportive and resistance levels in front of price.

    As it is obvious in the picture below, between the top price of 101.523 and the bottom price of 98.270, there is Gartley harmonic pattern that with completion of the D point (formation in resistance edge of number one weekly pivot) there is a warning for descending of price.Stoch indicator in 4H time frame is in saturation sell area and warns about more possibility in decreasing of price. Currently the first sign for buyers is breaking of the D point of harmonic pattern in the price chart.


    FxGlory
    2013.07.19

  8. #268

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    Technical analysis of Silver dated 22.07.2013

    As it was mentioned in the previous technical analysis of Silver dated 01.07.2013 , according to the technical signs in the price chart, there was the potential of descending of the price which finally happened. Doubt of buyers and also the strong descending of price since the end of 2012 prevented ascending of price from the bottom price of 18.22. currently price with touching the ascending trend line ( made of 2 bottom prices) and creating the third point on the level of 19.25 has prepared the field for more ascending during the next candles.

    as it is obvious in the picture below , the most important resistance level before the price is the conversion level of 20.19( from supportive to resistance) that prevented increasing of price till now and it is the first target price for ascending of price. Stoch indicator in weekly time frame is in saturation sell area and also in divergence mode with the price chart warns about changing price direction. Generally according to the current situation of price, until the bottom price of 18.22 in daily time frame is preserved, price will have the potential for ascending and reformation in descending trend.




    FxGlory
    2013.07.22

  9. #269

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    Technical analysis of USD/CHF dated 23.07.2013

    As it was mentioned in the previous technical analysis of USDCHF dated 14.06.2013 , according to the formed signs, there was the potential for ascending of price which finally happened. Buyers were successful in achieving the highest price of 0.97490.currently according to the recent downtrend and closing of bearish candles in long term time frames such as monthly, weekly and daily, there is not any clear reason for ascending of price and with breaking of the current supportive level of 0.93230, there is the possibility of more descending and moving of price toward the ascending trend line.

    Price has been stopped from more descending during the downfall from the top price of 0.97490 and reaching to the specified supportive level in the picture below and also supportive level of weekly pivot number one (sellers used this level to leave their trades) and with formation of a bottom price in 4H time frame (formation of star candlestick patterns which shows indecision market for ascending or descending) warns about changing price direction.

    As it is obvious in the picture below, between the top price of 0.97490 and the bottom price of 0.93230, there is Three Drives harmonic pattern with ideal ratios that warns the potential of ascending from point number 3. RSI indicator is in saturation sell area and in divergence mode with the price chart, warns about formation of a bottom price. Currently if the resistance level of 0.93687 breaks, there is a warning for ascending of price in this chart.



    FxGlory
    2013.07.23

  10. #270

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    Technical analysis of AUD/USD dated 24.07.2013

    As it was mentioned in the previous technical analysis of this currency pair dated 16.07.2013 , according to the formed technical signs, there was the potential for ascending and descending of price which finally ascend. Buyers were successful in achieving the highest price of 0.93171. Price has been stopped from more ascending with reaching and testing the descending trend line made of 4 resistance points and also resistance level of number one and when some buyers left their trades (using these resistance levels as target); the price decreased and was under 5-day moving average .

    Stoch indicator in 4 H time frame is in saturation sell area and in divergence mode with the price chart that confirms the top price of 0.93171 and warns about the possible downfall during the next candles. Generally in current situation, in the short period of time until the top price of 0.93171 is likely to remain constant;there is the possibility of downfall to weekly pivot line in the level of 0.91689. Considering the price of long-term time frames such as weekly, there is the potential for descending and ascending in long term time frames( the first warning is formation of a bottom price in 4H time frame).


    FxGlory
    2013.07.24

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