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Technical Analysis By FxGlory

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  #1  
Old 11-06-2012, 13:28
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Default Technical Analysis By FxGlory

Technical analysis of GBP /USD 06.11.2012

The GBP /USD currency pair is in an ascending trend right now. This trend has started from the green tape which consists of several supportive levels. The currency pair was stopped and started falling when it reached the transformative level during the ascending trend and reforming of the previous movement. This transformative level played the role of a resistance level.

Right now, this resistance level is one of the most resistance levels which the price is obliged to pass it to continue its ascending trend. The price is closed above the average movement of the past 5 days and until when the descending candle is not closed we cannot expect the ascending of the price and important reforms.

As we pointed out in the technical analysis of 06.04.2012, the price is making a third point in the ascending trend line. Right now, this bottom price is formed and there is a weekly ascending candle on the line too. Also, the Stoch indicator is in the saturation area of sell and there is agood potential for formation of an ascending cycle. Until when this ascending trendís line is not broken, we can hope ascending of the price from the formed third point of ascending trendís line.

The most important resistance level:


R1=1.55984
R2=1.58000
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  #2  
Old 18-06-2012, 20:30
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Technical analysis of gold on 06.18.2012

As we predicted by the technical signs in the charton 05.28.2012 that there was the possibility of ascend of the price and increase of the price, we see this ascend in the chart. the price started its ascend from the third bottom price of supportive level ( determined with the green color) and right now the price reached to the resistance level and descending trendís line and stopped there. This resistance line has prevented the increase of the price twice and now is doing it for the third time. (By a close reviewing, we will understand that the main reason of this stop on 15th of May was a shorter descending line which consists of 2 top prices of 1st of May and 6th of June)

If the daily candle of today were closed in ascending trend, we would be considered as a broken line. But, if the daily candle were closed in a descending trend and under the line, there would form a top price on the line. Right now, the blue and green supportive levels are the most supportive level which prevent the fall of the price. On the other hand, the red and black lines are important resistance levels.If the price breaks the initial descending trendís lines, we can expect the ascend of the price from the red descending trendís line.


FxGlory Broker
2012.06.18
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  #3  
Old 19-06-2012, 14:39
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Technical analysis of USD/CHF 06.19.2012

The USD/CHF currency pair after its ascending trend and registering the 0.97691 was stopped and started its fall. Right now, the price formed its descending channel pattern during its fall. You can see this pattern in the 4h time frame.

Right now, the price is stooped by reaching the descending trendís line and formed a top price. It necessary to mention that, this resistance line has prevented ascend of the price twice. The Stoch indicator is in the saturation buy area and issued the warning of the formation of top price and the falling of the price. until, this formed top price is not broken, we can expect the descend of the price and decrease of the price in the USD/CHF chart.

2012.06.19
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  #4  
Old 21-06-2012, 13:05
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Technical analysis of AUDUSD 06.21.2012

We predicted the possibility of an ascending movement and locating in the determined target in our previous analysis on 06.15.2012. Right now, the price reached a very important resistance level, which is a transitive kind, and is stopped there and had a weak falling. The price is in saturation sell area in the daily time frame and also the Stoch indicator confirms this situation. Therefore, there is the possibility of forming top price and a fall in the price, however, the direction of the movement is not the same with the weekly time frame and therefore, the accuracy of this prediction is not confirmed.

The price is closed under the average of the moving of 5 days and right now is reached to the ascending line. This line plays the role of a supporting level for the price. The price should break this line to be able to continue its descending movement. This line is not an ideal supporting line by considering the steep slope of the ascending trend and the potential of a fall in the daily time frame. We expected the descend of the price and reform of the price by considering the daily time frame. Until the formed tip price is not broken, we cannot expect more reform in the price.

AUDUSD,Daily
AUDUSD,H4
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  #5  
Old 22-06-2012, 11:23
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Technical analysis of CHF/JPY 06.22.2012

As we predicted the possibility of the price and stop of the falling of the price on 06.13.2012, now you can see in the chart that the price has ascended. The price could not continue its ascending trend after recording the 84.597 and the Shooting Star candle pattern is formed in the daily time frame. In order to continue its ascending trend, the price should break this pattern and also it should pass the upper edge of the ascending channel in the 4h time frame.

The nearest supporting level for the price is 83.547 level and in the next level is the ascending trend line of the ascending channel which can prevent more ascend of the price. The Shooting Star cadle pattern is located on the descending trendís line in the daily time frame and therefore issued the falling signal. If the daily candle did not close above the Shooting Star candle pattern, there would be the possibility of the descend from the third point of descending trendís line.
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  #6  
Old 25-06-2012, 12:37
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Technical analysis of USD/JPY on 06.25.2012

The USD/JPY will ascend to the 79.773 after breaking the descending trendís line in the daily time frame. And then again start its falling, however, finally, it will create a bottom price and ascend after facing the descending trendís line which has the supportive role after breaking. Right now, as we mentioned before, by considering the weekly time frame the potential of an ascend is strengthen.

In the 4h time frame, after reaching the resistance level, the price is not able to ascend more and therefore, a top price is formed in these areas. Right now, the price is in the saturation buy situation, and RSI indicator confirms this idea too and issued the warning of the top price for falling of the price. Until the formed top price (determined by red color) is not broken, we can expect the decreasing of the price.
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  #7  
Old 25-06-2012, 19:09
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Quote:
Originally Posted by FXGLORY View Post
Technical analysis of USD/JPY on 06.25.2012

The USD/JPY will ascend to the 79.773 after breaking the descending trendís line in the daily time frame. And then again start its falling, however, finally, it will create a bottom price and ascend after facing the descending trendís line which has the supportive role after breaking. Right now, as we mentioned before, by considering the weekly time frame the potential of an ascend is strengthen.

In the 4h time frame, after reaching the resistance level, the price is not able to ascend more and therefore, a top price is formed in these areas. Right now, the price is in the saturation buy situation, and RSI indicator confirms this idea too and issued the warning of the top price for falling of the price. Until the formed top price (determined by red color) is not broken, we can expect the decreasing of the price.
Thanks for the chart, I will be watching this one...
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  #8  
Old 26-06-2012, 11:27
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Technical analysis of Gold on 26.06.2012

Right now, the chart of gold has shown a fragile fall because of created top price of 1588.31 and we can notice the intention of descending movement in the 4h time frame by considering the top price, however, this idea is not valuable by considering the daily time frame and we can expect the break of the price. Now, the gold is located in the area of the supportive and resistance levels which prevents the increasing and decreasing of the price twice.

We have drawn these lines in the below picture. Considering the daily time frame, (ascending of the price from the fourth point of the ascending line and the ascending cycle of Stoch indicator) and the possible start of the ascending cycle of the price until when the blue ascending trend line is stable, we can expect the reaching and ascending of the price to the resistance line.
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  #9  
Old 26-06-2012, 11:31
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Quote:
Originally Posted by ;13843
Thanks for the chart, I will be watching this one...
Hello
Dear Davidee
Thanks For your Attention
Good Luck
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  #10  
Old 27-06-2012, 12:31
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EUR/USD ascending or descending

The EUR/USD will stop the descending trend and start to ascend from 1 of Jun after its strong fall. This ascending and reformation of the price will continue to the 1.27418 (the price will be reformed for about 38.2) and finally will stop and start falling at the resistance level of 38.2 Fibonacci. As you can see in the below picture, Right now, the price has formed a candle with a long bottom shadow after reaching the supportive level.

This candle is the sign of defeat of the seller in order to get reach a lower price comparing to the Mayís. The RSI indicator and the price are in the divergence mode and they issued the warning of a bottom price and ascend of the price. we can expect the ascend of the price until the formed bottom price is not broken. If the supportive level broke, the price would descend and reach the supportive level of 1st of June.
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  #11  
Old 28-06-2012, 13:16
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Technical analysis of EUR/JPY dated 28.06.2012

The currency pair of EUR/JPY will ascend to 101.609 and then will stop there after breaking and passing the descending trend line. The resistance level of 38.2 of Fibonacci is the reason of the stop of the price in that level. When the price breaks this descending trend and will back toward this line.

When the price reached there, it will stop there (supportive level) and ascend again which is a good opportunity (for buying and entrance to the ascending trend) for using this transformative line. Right now, this EUR/JPY has formed a bottom price in some areas of supportive level. Also, in the daily time frame, some candles with small bodies are formed on 26th and 27th which is the sign of buyersí wait for lower price. Until when the formed bottom price of 98.773 is kept, we can expect ascend of the price in the chart.
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  #12  
Old 03-07-2012, 09:10
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EUR/USD ascending or descending

As we mentioned about the possibility of ascend of the price in our previous technical analysis on 06.27.2012, you can notice that the price has ascended. In a long term period and range we expected ascending and increasing of the price by considering the monthly and weekly time frame. In the monthly time frame the price returned to the higher areas of the chart by touching a supporting line which belongs to 2008. Because this supporting line was successful in increasing the price in 2010, thus, there is the possibility of a successful ascending from this supportive line again.

In the weekly time frame, the price is located in the blue line of supporting line which was formed from the bottom price. Generally, the price is going to reach to the red supportive line and also the Stoch indicator is in the ascending cycle and therefore we can expect ascend of the price.

Right now, the price has fallen from the 1.26915 top price (due to the strong and quick ascend, the falling was predictable). Now, the price is between the supportive and resistance lines, as you can see in the below picture, in the 1h timeframe. To continue its ascend; the price should break the red resistance line. Until when the green supportive area is untouched and safe, we can expect ascend of the price and reaching the 1.26915 top price in the first phase.
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  #13  
Old 05-07-2012, 13:20
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Technical analysis of EUR/AUD on 07.05.2012

The EUR/AUD is in a descending situation and we do not see any sign of reformation and return of the price. Right now, the price is located in the lowest level of itself in the past 20 years. This level belongs to the 07.02.2012. Right now, the price is trying to the green supportive level to reform itself and then start its ascending movement, but because of the pressure of the selling and powerful descending trend, this try has not been successful yet. Right now, the rice is located in the saturation area of sell. In case of keeping the supportive areas, we can expect the reform of the price.
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  #14  
Old 06-07-2012, 13:57
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Technical analysis of NZDUSD

The NZDUSD currency pair ascended from the 0.74570 bottom price and it is stopped after recording the 0.80742 level and reaching the descending trend line and resistance levels. Right now, two important resistance levels are preventing ascending of the price. These two levels are:
  1. Transformative level, which consists of two bottom price, and is playing the role of resistance level.
  2. Descending trend line which is consists of two top prices. in case of falling of the price the current top price will form the third point of the descending trend line in the daily time frame.
The price is located in the saturation sell area and the RSI indicator confirms this state. Also by considering the recent peaks of the price chart and divergence indicator, we notice that they are issuing the warning of the changing in the trend of the market.If the descending candle were closed today, we can hope more ascend of the price. Generally, if the current peak of the price is safe, we can expect more descend of the price and its reform in this chart.
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  #15  
Old 09-07-2012, 16:22
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Technical analysis of AUD/USD 07.09.2012

Right now, this currency pair is located in a top price in the daily time frame. The price reordered the 1.03267 level through its previous ascending trend. Currently, the most important resistance level for the price ( all the supportive and resistance level which have round number are important) is the 1.03000 level. This resistance level could influence the price if the ascending trend continued. The buyers can use this level to exit their trades for in short period of time.

Right now, the price is closed under the average of the last 5 days movement. The price and the RSI indicator are in divergence situation. This situation issued the warning of the falling of the price. Noticing the second current peak of the price which recorded the resistance level of 1.03267, we will see 4 daily candles with small bodies which confirm the tiredness and weakness of the buyer for attempting to reach a higher price than Mayís.

Right now, the price has reached the ascending trend line during its descending trend. This line has been successful for 3 times in 4h time frame and the price could not pass it. By considering the intense pressure of selling in the daily time frame and closing of the descending candle in the daily time frame, we can expect the possibility of the breaking of the ascending trendís line and passing of the price from this line.
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  #16  
Old 10-07-2012, 12:29
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Technical analysis of USD/CAD 07.10.2012

The USD/CAD stopped when it reached the drawn red resistance line. It was not able to pass the lien and started its falling. This resistance line is taken from the supportive blue line which has prevented the falling of the price three times. This currency pair is located in the descending channel. If the price ascended, this line would be the next most important resistance line of the channel. Right now, the price has formed the 1.01869 bottom price and the buyers are trying to take the 1.02196 resistance level.
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  #17  
Old 11-07-2012, 11:29
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Gold between the Supportive and resistance lines

Right now, the gold is located between the important supportive and resistance areas. These levels had leaded the price to the ascending and descending trends several times. Right now, as you can see in the below picture, the price started its falling and it has been stopped after reaching the descending trendís line on 3rd of July. After reaching, the price formed the third point of the descending trend and during its return the price has been stopped by reaching the blue supportive lien. Right now, the formed bottom price is stable and the buyers hope for ascending of the price, reaching and passing the descending trendís line.
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  #18  
Old 12-07-2012, 13:14
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Technical analysis of GBP/CHF 07.12.2012

Right now, the ascending trend of GBP/CHF currency pair has been stopped and it is not able to reach the higher prices. The price has recorded the 1.52538 level during its ascending trend. The shape of candle is closed like Doji Pattern because of the movement of the price in last day. This candle issues the warning of the formation of atop price. this pattern is located on the red line of resistance trend which consists of two resistance points which right now is preventing the ascend of the price.

Also, the Stoch indicator is located in the saturation buy are and show the potential of falling of the price.

An ideal harmonic pattern AB=CD

In the daily time frame we can find the harmonic pattern of AB=CD in an ideal situation which has the ratios of 61.8=161.8 and right now, is issuing the warning of falling of the price. By the way, until when the formed peak of the price is maintained, we can expect the falling and reform of the price.
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  #19  
Old 16-07-2012, 17:03
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Technical analysis of USD/CHF 07.16.2012

The USD/CHF has registered the 0.98720 level during its ascending process and right now this level is the nearest and the most important resistance level in front of the currency pair. Currently the ascending trend is stopped and there is a top price. The formed peak of the price is potential for a descending trend and reform of the price. Stoch indicator also is located in the saturation buy are and by considering the next cycle is issuing the warning of falling of the price.

In the daily time frame we are noticing the butterfly pattern which is complete now and is issuing the warning of the falling of the price. Mostly, this pattern is formed at the bottom of the price trends and usually they are considered as the begging of a reformation process. Considering the formed top price, until this peak of the price is not broken, we can expect descend and falling of the price.


2012.07.16
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  #20  
Old 18-07-2012, 16:20
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Technical analysis of EUR/JPY 07.18.2012

After recording the 96.154 level during the descending trend, the falling movement of the EUR/JPY will be stopped and will form a bottom price. The current bottom price will be formed on the transformative line (which has been descending trend line). This bottom price consists of three resistance points and also two supportive bottoms. Right now, this supportive bottom is supporting the 96.154 level.

Right now, in the daily time frame, an ascending harmonic pattern of Bat has been formed due to the movement of the price in the chart. This pattern is issuing the warning of starting of an ascending trend and finish of the falling of the price. Also, Stoch indicator is located in the saturation area of sell and is confirming the ideal harmonic by considering the next cycle.

By considering the formed technical pattern, we can expect ascend and increase of the price until point D is untouched.
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  #21  
Old 24-07-2012, 15:51
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Technical analysis of GPB/CHF 07.24.2012

The GPB/CHF currency pair has started its ascending trend since 08.10.2011 and it was able to continue this trend up to now with some small reforms. It recorded the 1.54652 level during its ascending trend. The price is now located in an ascending channel. Also the price has been stopped when it reached the resistance line and has formed a top price. Therefore, the price has descended a little. Right now, in this currency pair, the Stoch indicator is located in the saturation buy area and by considering the next cycle, there is the possibility of descend of theprice. Also, this indicator is the divergence mode with the price.The general trend is an ascending trend in this currency pair, however, as far as the existence of the top price on the channel, we can expect the descend of the price.
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  #22  
Old 25-07-2012, 09:55
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Technical analysis of USD/CAD 07.25.2012

This currency pair started its ascending trend after forming a bottom price. right now, this currency pair is stopped after reaching the determined resistance area in the below picture. This resistance area consists of the top prices of the previous price of this currency pair.

There are several candle stick pattern that are formed in the top price.
  1. Doji Pattern
  2. Hanging man Pattern
  3. Harami Pattern

All of the mentioned candle stick patterns are issuing the warning of descend and fall of the price. However, by considering that the RSA indicator is located in the saturation sell area and also it is in a divergence mode with the previous price chart, it is issuing the warning of the falling of the price.We can notice the potential of the falling of the price in the 4h time frame and in the lower time frames. Until the mentioned top price is maintained, we can expect the reformation of the price.



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2012.07.25
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Old 26-07-2012, 11:38
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Technical analysis of NZD/USD 07.26.2012

As you can see in the below picture, the NZD/USD has formed a top price on the descending trend line when its ascending trend has been blocked when the currency pair reached the descending trendís line and the transformative level. Right now, in the weekly time frame, NZD/USD is surrounded between supportive and resistance lines. So far, these 2 lines have successfully done their function.

Currently, the price is experiencing a little fall due to reaching to the descending trendís lien in weekly time frame. If this falling trend continues, the next important goal is the trendís line and blue supportive line. Also, the Stoch indicator and the next cycle are issuing the warning of descend and fall of the price in this time frame.

In the daily time frame, the price has started its ascending trend which is in opposite to the weekly time frame. Also, in the daily time frame, the price has recorded the 0.78065 level. This bottom price is located in the 38.2 Fibonachi ratios which has been drawn from 06.01.2012 to 07.05.2012.

The price has been appeared in the reforming form of ABCD until when it formed the bottom price during its descending trend. To sum up, as far as keeping the 0.78065 level, we can expect the ascend of the price and its reaching to the red descending trendís line.
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Old 27-07-2012, 11:37
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Technical analysis of EUR/GBP 07.27.2012

The EUR/GBP has been in descending trend since 07.03.2011. Since the begging of descending trend, there are just some small reforms and ascend of the price which shows the power of descending trend.

Right now, the price is stopped after reaching the supportive line of the channel. By reaching the supportive line the price has formed a bottom price and therefore a small ascend in the price. currently, the price is closed above the average of last 5 days in the daily time frame, and we expect the ascend of the price. Also, by locating in the saturation sell area, the RSA indicator increase the possibility of ascend of the price in this chart. if the current bottom price maintained its current situation, we can expect the ascend of the price to the transformative level, in the first step, and then reaching the resistance line of channel. The main warning of ascend will be issued when the descending trendís line is broken and the price passed it.


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2012.07.27
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Old 30-07-2012, 15:16
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Technical analysis of EUR/AUD 07.30.2012

The EUR/AUD is standing in the lowest price of the past 20 years. It did not have any ascend or any remarkable reform since 12.01.2008. Right now, this currency pair has the lowest price and also it has broken and passed all of supporting lines since 2008. Currently the descending trend of the price has been stopped in the weekly time frame.

You can see that the Inverted Hammer candle stick pattern is formed because of this reason. This is the first ascending and reforming candle since 05.21.2012 and before this candle the price has just descending movements. RSA indicator is located in the saturation sell area and by considering the next signal we can expect ascend of the price.

As you can see in the below picture the blue supporting line consists of two bottom price. Right now, this is the only supporting line in front of the price which prevents more descend of the price. Generally, considering the intense selling situation in recent weeks and market saturation and also, the formation of the 1.16932, we can expect the reform of the price and its ascend as far as remaining the 1.16932 level.
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  #26  
Old 31-07-2012, 08:45
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Technical analysis of USD/JPY 07.31.2012

The USD/JPY has been in a descending trend and has registered the lowest price, 77.942, during the recent days. As you can see in the below picture, 77.942 bottom price has formed after reaching the price to the lower edge of descending channel (supporting line). This bottom price prevented more descending of the price and help to price to ascend.

Right now, this currency pair is located in a smaller ascending channel which prevents the more descending of the price after reaching of the price to its supporting edge ( descending trend line consists of 5 supporting points).The bottom price of 78.092 is stable on the lower edge of the channel. If this bottom price is maintained, we can expect the reaching of the price to the resistance line of ascending channel.


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2012.07.31
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  #27  
Old 01-08-2012, 12:48
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Technical analysis CHF/JPY

In the recent months, the CHF/JPY has been in a descending trend. As you can see in the below picture, after reaching the ascending trend line, the descending trend of the price has been stopped and the bottom price of 78.361 has been formed. The ascending trendís line consists of two bottom prices which have been formed in 2010 and 2008 and right now, it is considered as the most important supporting level for the price.The price is located in the saturation sell area. If the mentioned bottom price maintained, the possibility of ascend and reform of the price from the third point of ascending trendís line would increase.

In the daily time frame, the price has ascended from the formed bottom price, 78.361, of the ascending trendís line and it was stopped by reaching the red descending trendís line. However, due to closing of the ascending candle in the last week, and possibility of ascend of the price from ascending trendís line the price has returned to the descending trend line.Right now, in the daily time frame, by considering the recent movements of the price charts and indicator of MACD we can notice that they are in a divergence mode which issues the warning of formation of a bottom price and ascend of the price. To start ascending and reforming of the price, the price should break descending trendís line and pass it.




FxGlory
2012.08.01
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Old 02-08-2012, 18:33
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Technical analysis of AUD/USD 08.02.2012

Right now, this currency pair is in an ascending trend and in the daily time frame we can see the ascending channel pattern. As we predicted in the technical analysis of 07.23.2012 there was the possibility of descend and fall of the price. As you can see this descend has happened and it is moving toward the descending trendís line. By reaching the supporting line the price will not be able to pass it and therefore it will form a bottom price and ascend toward the resistance line.



Right now, the price has formed for the fourth time a top price on the resistance line, and registered the 1.03404 level. In the top price, a Doji pattern has formed which indicates that a top price will form for descend of the price. Likewise, the previous technical analysis the Stoch indicator is showing the next cycle as a descending cycle and is issuing the warning of fall of the price. Generally, as the formed top price is maintained, there is the possibility of descend of the price.

In the weekly time frame, there is not any sign of descend of the price. also, the price is intended to reach the resistance lines in the weekly time frame. Right now, the buyers are leading a movement to reach the 105404 level and you can see this movement in the 4h charts.The price has been stopped from more descend during its descending trend from the 1.05404 to the transformative supporting level. Formation of Lower Long Shadow in the transformative level indicates the importance of supportive level and the intention of buyers to prevent descend of the price.


FxGlory
2012.08.02
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Old 03-08-2012, 12:28
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Technical analysis of GBP/CHF 08.03.2012

During its ascending trend, GBP/CHF has recorded the 1.54651 level and after that it started its descending trend and reforming of the price. Reaching two resistance lines of the ascending channels is the reason of formation of the 1.54651 level. This formation does not let the price ascend more. You can see these two channels in the below picture.

Also, the price has formed the candle stick pattern of Bearish Dark Cloud Cover after reaching the ascending channel which is issuing the warning of forming of a top price and the possibility of falling of the price. Also, indicator of RSA is showing the saturation sell situation and is issuing the warning of fall of the price and reform of the price.Generally, until the formed top price is maintained, there would be the potential of descend and reform of the price. if the price descended, the first target of the price will be the supporting line of ascending channel.



FxGlory
2012.08.03
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Old 06-08-2012, 12:26
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Technical analysis of USD/CHF 08.06.2012

Right now, the price of the USD/CHF is closed under the average of movements of last 5 days in the weekly time frame. By reaching the transformative level, the price will be stopped and will form a top price.The origin of this bottom price was in 2009. Also, this top price is located in the important Fibonacci level of 61.8 which increase the possibility of the reforming and falling of the price.

About indicator, we can notice that the Stoch indicator is located saturation sell situation, and by considering next cycle we can expect the falling and descending of the price. Indicator MACD is in the divergence situation with the price by considering the recent 2 peaks of the price. This indicator is issuing the warning of the formation of a top price and falling of the price. Generally, as far as keeping this formed top price untouched and safe, the price has a good potential of descend and reform.

The price is surrounded by two descending and ascending channels in the 4h time frame. The recent ascend of the price was happened because the price had reached to the supportive bottoms of these channels.The formation of a candle with long shadow is the sign of tradersí attention and consideration about these levels. The price should break the supportive bottom of ascending channel to continue its descending trend, otherwise, we can expect ascend of the price from these area and this ascending channel.


FxGlory
2012.08.06
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Old 07-08-2012, 11:28
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Technical analysis of EUR/USD 08.07.2012

By forming a bottom price and making it stable on the 1.20408, the EUR/USD currency pair prepares the situation for the ascending of the price. as you can see in the below picture, formation and stabling of the this bottom price has taken 3 weeks and since then it has started its ascending trend. This supportive bottom price was formed on the blue supportive line. This supportive line has prevented more descend of the price and is leading the price toward the descending trendís line and resistance trendís line. The price is closed above the average of 5 last days and it is obvious that until the price is closing like this and the trend will be ascending.

The Stoich indicator is located in the saturation sell area and is issuing the warning of ascend of the price with the next cycle. Also, the Stoich indicator is in divergence mode with the price chart which this divergence is issuing a powerful warning comparing to the previous signal about ascending of the price.



FxGlory
2012.08.07
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Old 08-08-2012, 12:43
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Technical analysis of EUR/CAD 08.08.2012

The EUR/CAD is located in the supportive areas which consist of 1991, 2000, 2010. To increase the descending trend the price should pass these areas. These supportive areas have the potential of preventing more descend of the price. You can see these supportive areas in the monthly time frame.

In the weekly time frame, right now, the descending trend of the price has been stopped when the price reached the blue supportive line and the it formed the third bottom price on this line. There are two candle pattern on this line, Hammer and Inverted Hammer, which are good proves of sellersí defeat to reach the lower prices and then formation of a bottom price.

Stoch indicator is located in the saturation sell area and by considering its next cycle, it is issuing the warning of ascend of the price and increase in the price in this time frame. Right now, the price, is descending in the smaller time frames and is moving toward the 1.21945 and there is not any sign of ascend in the 4h time frame. Generally, until the supportive level of 1.21945 is maintained we can expect the ascend of the price in the weekly time frame from the third supportive bottom price.


FxGlory
2012.08.08
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Old 09-08-2012, 15:04
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Technical analysis of EUR/AUD 08.09.2012

The EUR/AUD is located in the lowest price of its past 20 years. It did not ascend from 12.01.2008 and continued to descend. Also, it has broken all of the supportive lines since 2008 and passed them. Right now, the most important supportive level is the 1.6000 level which due to its roundness is very important.

As you can see in the below picture, the price has descended since 05.13.2012 without any reforms and has been stopped in the two previous candles of weekly chart. The current price bottom consists of the two reversal candle stick pattern of ( Hammer& Inveted Hammer)which both of them are issuing the warning of the formation of a bottom price and then ascend of the price.

Right now, the price is descending and there is not any sign of descend of the price in the 4 h time frame. Closing of the current candle in the weekly time frame can be a sign of ascending of the price, if the bottom price of 1.6000 broke, a bottom price would form in the long time frames. Stoch indicator is in the saturation buy area in this time frame, by considering the next cycle we can expect the ascend of the price during next weeks. The signal of the indicator would be more powerful if the price passed the supportive level of 1.30200.



FxGlory
2012.08.09
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Old 10-08-2012, 13:39
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Technical analysis of AUD/JPY 08.10.2012

During recent weeks the AUD/JPY has been in a descending trend and it was able to reform the powerful descending wave that happened from 03.18.2013 to 06.03.2012. Right now, this currency pair is in a top price in daily time frame as it is indicated in the below picture. The candle of third day is a defeat in this month which is not able to pass the supportive level of 07.05.2012 and finally will lead the price to the reverse supportive level.

Right now, the formed top price is under the influence of the 127.2 Fibonacci from the expansion pattern of ABC (red) and also the 61.8 Fibonacci from the bigger pattern of ABC (blue) and is supporting the supportive level of 83.339.Right now, the Stoch indicator is in the divergence mode with the price chart and is issuing the warning of the fall of the price and also the MACD indicator is in divergence mode by considering its movements and the top prices of A & C.Right now, we can see the potential of descending trend and if the top price of 83.339 maintained we can expect the possibility of descend of the price.


FxGlory
2012.08.10
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Old 14-08-2012, 13:28
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Technical analysis of Gold 08.13.2012

Right now, the gold could pass the supportive and resistance areas after several months by its little ascend and move toward the descending bigger line. Right now the price is closed above the average of last five days and in an ascending mode and is moving toward and testing the resistance level of 1629.07.

The mentioned resistance level is the most important level in the ascending movement of the price. If an ascend trend occurred in the gold chart, the price would move toward descending trendís line and this level would be the most important resistance level after the level of 1629.07

If the monthly time frame, the candles are closed in ascending mode two months ago and the price is moving toward and generally we can expect the ascending of the price and locating in a bottom price. Also, in this time frame, the Stoch indicator and its next cycle, we can expect the ascend of the price and locating in a bottom price during next months.



FxGlory
2012.08.13
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Old 14-08-2012, 23:04
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Technical analysis of AUD/USD 08.14.2012

During its ascending trend the AUD/USD registered the level of 1.06110, then it started to falling. The reason of this descending, as you can see in the below picture, is the red resistanceís line which consists of 4 peaks of price. All the candles on the resistance line confirm the defeat of the sellers to reach the higher prices on the resistanceís line.

Right now, the price is closed under the average of last 5 days in the daily time frame and if the theformed top price maintained its position, we can expect the ascend of the price to the ascendingís trend line in the first stage. In the weekly time frame, the previous weekís candle is closed like the Doji pattern and this show that the market was unable to make a decision on that week and also, indicates the doubt of the buyers during the ascending trend. Right now, this pattern is like a resistance level according to the characteristics of the candle stick patterns.

Stoch indicator is located in the saturation sell area and by considering the next cycle, it is issuing the warning of the formation of a top price and descending of the price in next weeks. Right now, we can see the lower descending trendís line according to the lower prices in the chart which are acting as an important resistance level and are issuing the warning of descending of the price from the third point of descending trendís line.



FxGlory
2012.08.14
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Old 16-08-2012, 20:09
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Technical Analysis of EURJPY pair dated 16.08.2012

EUR/JPY has been stopped on the supportive line by making the lowest price of 94.127 in its descending trend during three weeks ago and after that there is a little ascends. This supportive line is made of two supportive depth in 2010 and 2012 years. And it prevents from the descending of price in 24.07.2012. Right now the price must break the resistance level at 97.800 for having an ascending trend, the price needs to become 97.800 and upper that.

Generally until the created lowest price on the supportive line is preserved, the price has a descending trend which you can see in the below picture. Stoch indicator in weekly time frame determines the ascending trend by next cycle in divergent chart. Right now in this chart the important Wolfe Wave pattern is formed which it is completed in number five. And this pattern predicts the same trend for this pair in the next weeks. This pattern is recessive which often will form at the end of ascending and descending trends, and usually is an important warning for changing trends.



FxGlory
2012.08.16
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Old 21-08-2012, 05:56
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Technical Analysis of AUDUSD pair dated 20.08.2012

As it is mentioned in previous technical analysis of this pair in 14.08.2012, according to the symbols that were formed in the chart, it was possible that the price in this pair decreases and finally it happened. By reaching the price to the ascending line of which you can see in the picture, the price couldnít crossed the ascending channel so it formed a supportive bottom on this line.

This supportive bottom is fixed in the price level of 1.04098. Right now by reaching the price to the alternate level (from supportive to resistance) which is determined in the picture is testing that, and this level displays its resistance feature and it didnít let the price to get higher until now. Stoch indicator in 4H time frame is located in the saturation sell area and by considering the next cycle we can expect the increase of the price. And this will be so until the bottom price is 1.04098. Generally until the price is in this ascending channel, the descending hypothesis in daily and weekly time frames is weaker and for having a decending trend the ascending channel must be broken.



FxGlory
2012.08.20
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Old 22-08-2012, 19:24
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Technical Analysis of USD vs. JPY pair dated 22.08.2012

USD/JPY pair in its recent ascending trend by reaching to the descending line which is made of three resistance peaks is unable to ascend more and finally with the formation of top price fell down. Right now in this currency pair in case of the recent downfall the top price of 79.648 is confirmed. And the most important current resistance level will be in front of the price.

Stoch indicator in 4H time frame is located in the saturation sell area and by considering the next cycle we can expect the increase of the price. And also the bottom price of 79.151 is confirmed in the chart. Generally until this price is preserved the ascending trend and reaching to the resistance level of 79.648 is possible. For having an ascending trend the price must break the descending line and crosses that and by confirmation of the bottom price at 77.910 level, the price will be increased and goes toward the next resistance level.

In weekly chart of this currency pair, in recent weeks the price is on the alternate level (from resistance to supportive) formed a supportive bottom with the bellow long shadows which shows the failure of the sellers for reaching to the lower price in this range. Stoch indicator in 4H time frame shows the possibility of ascending candles and the first goal for long-term buyers is the resistance level of 80.597.


FxGlory
2012.08.22
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Old 27-08-2012, 21:14
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Technical analysis of AUD/USD 08.27.2012

As we mentioned in our previous technical analysis about AUDUSD, we can see the sign of stop of ascending trend of the market in the long term time frames like weekly time frame. Right now in the weekly time frame, the price has issued the signal of descending of the price and stooping of the ascending trend by making a top price on the descending trendís line.

The formed candle on the descending trendís line is the Doji candle. This candle is confirming that the market is not able to make decision to descend or ascend. This uncertainty will cause the defeat of the buyers in reaching the higher price. Now, the price is closed under the average of the last 5 days and Stoch indicator is issuing the warning of descending and falling of the price in its next cycle.


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