Daily Technical Analysis by PipSafe - page 14
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NZD/CAD during the recent day was in a strong and consistent uptrend that buyers were successful in achieving the highest price of 0.94249 .Right now price has been stopped by reaching to the round level of 0.94444(Resistance Level) and R1 weekly pivot point and by making a top price had a little descend.
As it is obvious in the picture below, between the top price of 0.94908 and the bottom price of 0.86146, there is a Bat harmonic pattern that with completion of the D point there will be a warning for decreasing of the price.RSI indicator is in saturation buy area in daily time frame that warns the potential of formation of a top price and a little price reformation in this range.One of the important warnings for decreasing of is breaking of supportive level of 0.92211 .
As it was mentioned in the previous technical analysis of Gold dated 2014.12.29, according to the formed technical signs, there was the potential for ascending of price which finally happened. Buyers were successful in achieving the highest price of 1307.692.Price has been stopped from more ascending with reaching to the Resistance round level of 1300.00(Buyers use this lever to exit their trades) and starts to descend.In daily time frame on 21th day a candle with small body(Spinning Top Pattern) formed which showed the indecision market in ascending or descending of the price and it is a weak warning for stopping of the market.
As it is obvious in the picture below, there is non-ideal Gartley harmonic pattern between the top price of 1307.692 and the bottom price of 1131.514 that there is a potential for ceasing of price from D point of this pattern.RSI indicator in Daily time frame is in saturation buy area and with the next cycle warns about descending of price during the next candles, but because of lack of coordination with the weekly and monthly time frames is not much valid.Currently the first sign for buyers is breaking of the D point of harmonic pattern in the price chart.
AUD/USD was in a strong and consistent downtrend during the recent days that sellers were successful in obtaining the lowest price of 0.78575.This bottom price has stabilized by closing of yesterday ascending candle (Daily Chart) and it is the nearest supportive level.
According to the formed price movements in the chart, there is a Shark harmonic pattern between the bottom price of 0.78575 and top price of 0.82931 that warns about ascending of the price with completion of this pattern ending point.
In daily and h4 time frames RSI indicator is in saturation sell area and with the next cycle confirms the bottom price of 0.78575. Generally according to the current situation, until the bottom price of 0.78575 is preserved, there is the potential for ascending of price and reformation of descending trend.
NZD/USD was in a strong and consistent downtrend during the recent Days that Sellers were successful in obtaining the lowest price of 0.74000. price with reaching to the important round level of 0.74000 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.
As it is obvious in the picture below, between the top price of 0.79735 and bottom price of 0.74000 there is AB=CD harmonic pattern with ratios of 78.6 and 161.8 that warns the potential of ascending from the D point of this pattern.
In Daily time frame Stoch indicator is in saturation sell area and with the next cycle confirms the bottom price of 0.74000.Right Now the first warning for ascending is breaking of the resistance level of 0.74819.
EUR/GBP was in a strong and consistent downtrend during the recent days that Sellers were successful in obtaining the lowest price of 0.74000.price with reaching to the supportive level 3 is shown in the picture below ( Monthly pivot point) and the important round level of 0.74000 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.
As it is obvious in the picture below, between the top price of 1.80506 and bottom price of 0.74000 there is ABC harmonic pattern with ratio of 2.24 that warns the potential of ascending from the D point of this pattern.Stoch 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.Generally according to the current situation, until the bottom price of 0.74000 is preserved, there is the potential for ascending of price and reformation of descending trend.
USD/SGD since 23.07.2014 was in strong and consistent uptrend with small price reformations. Buyers during this uptrend were successful in achieving the highest price of 1.3547.currently the price in Monthly , weekly and daily time frame is above 5-day moving average and warns the potential of ascending in long period of time in this currency pair.
According to the type of formed candles like Spinning Top Pattern and Shooting Star candlestick patterns in red color area(also Hanging Man in Daily Time Frame) warns about Vulnerability of uptrend and formation of a top price and decreasing of the price.As it is obvious in the picture below, there is ideal deep Crab harmonic pattern between the top price of 1.3547 and the bottom price of 1.3212 that there is a potential for ceasing of price from D point of this pattern.
According to the formed price movements, RSI indicator is in saturation buy area and in divergence mode with the price chart that confirms the top price of 1.3547 and warns about changing price direction.One of the important signs for descending is breaking of ascending trend line (made of 3 bottom prices). Generally according to the current situation in 4H time frame until the top price of 1.3547 is preserved, price will have the potential of descending but according to the potential of ascending in long period of time, the descending of price is temporary and unstable.
AUD/USD was in a strong and consistent downtrend during the recent weeks that Sellers were successful in obtaining the lowest price of 0.76248. As it is drawn in the picture below, according to the type of price movement, price is in a Down Channel that Sellers use the supportive edge of that to leave their trades.According to the previous week changes, previous week candle was closed as Spinning Top 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 1.05769 and bottom price of 0.76248 there is AB=CD harmonic pattern with ratios of 38.2 and 2.24 that warns the potential of ascending from the D point of this pattern. RSI indicator is in saturation Sell area and confirms the current bottom price, also wars about formation of a Bottom price. Generally until the Bottom price of 0.76248 is preserved, price has the potential of ascending.
USD/CAD was in a strong and consistent Uptrend during the recent months that Buyers were successful in obtaining the highest price of 1.27981.price with reaching to the important round level of 1.28000 has stopped from more ascend( Buyers used this level to exit their trades) and with formation of a top price in weekly time frame has prepared a field for descending of price.
According to the formation types of price movements on the chart, there is a descending Bat harmonic pattern and by completion of the D point of this pattern, there will be a warning for descending and changing price direction.Generally according to the current situation, until the top price of 1.27981 is preserved, there is the potential for ascending of price and reformation of ascending trend.RSI indicator in weekly time frame is in saturation Buy area and warns the possibility of stopping of the ascending trend by the next cycle.
Technical analysis of GBP/USD dated 11.02.2015
GBP/USD from the top price of 0.71951 till now was in a downtrend that Sellers were able to achieve the lowest price of 1.49223.One of the sellers’ targets was the round level of 1.50000(and Down Trendline) that they were successful in reaching to it and the price was not able to descend more by reaching to this level. Right now this price level is one of the important supportive levels in front of the price
According to the recent strong descending, price is in saturation sell area and there is the potential for ascending and price reformation.
Stoch indicator is in saturation sell area and in divergence mode with the price chart in weekly time frame that confirms the price level of 1.49223 and warns changing price direction during the next candles.In the range of formed bottom price there are Spinning Top , Inverted Hammer and Harami candlestick patterns that shows the possibility for formation of a successful bottom price in continuing ascending trend.
Technical analysis of Gold dated 13.02.2015
Gold was in a strong and consistent downtrend during the recent days that Sellers were successful in obtaining the lowest price of 1216.56.Price has been stopped from more descend with reaching to the specified support level (conversion level r=s) and In the range of formed bottom price there are Inverted hammer and Harami candlestick patterns that shows the possibility for formation of a successful bottom price in continuing ascending trend(need to be confirmed by a bullish candle)
As it is obvious in the picture below, between the top price of 1307.35 and bottom price of 1216.56 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.Stoch indicator is in saturation sell area and confirms the D point of this pattern by the next cycle and warns about the potential of ascending of the price during the next days.Generally until the bottom price of 1216.56 is preserved, there is a potential for ascending and price reformation in this Metal.