Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

PipSafe

Members
  • Content Count

    154
  • Joined

  • Last visited

Everything posted by PipSafe

  1. As it was mentioned in the previous technical analysis of this currency pair dated 2014.03.05 , according to the formed signs, there was a potential for ascending of price which finally happened. Buyers were successful in reaching to the highest price of 1.07578 and after that the price has started to decrease.According to the formed movements in the last days , there are an Inverted Hammer candlestick pattern and Doji which shows indecision marker for ascending or descending and there is a warning for stopping of more descending. As it is obvious in the picture below, there is a harmonic Bat pattern between the bottom price of 1.04912 and the top price of 1.09446 that there is a potential for changing price direction from D point of this pattern.Stoch indicator in Daily time frame is in saturation sell area and with the next cycle warns about ascending of price during the next candles. Generally until the bottom price of 1.05364 is preserved, price will have the potential for reformation.
  2. Silver chart since the middle of 2011 till now was in a downtrend accompanied with price reformation that sellers were successful in achieving the lowest price of 18.213.Right now price is above 5-day moving Daily and H4 time frames that show an uptrend during the next candles.By formation of Morning Star( With 2 Stars) candlestick pattern on 7,10,11 and 12th days in daily time frame, there is a warning(R=S) for the first failure of sellers in achieving lower prices and formation of a bottom price for increasing of the price in this area. As it is obvious in the picture below, there is non-ideal AB=CD pattern between the top price of 22.173 and the bottom price of 20.589 that there is a potential for ceasing of price from D point of this pattern. Stoch indicator is in saturation sell area and divergence mode with the price chart that confirms the current bottom price and warns about ascending of price during the next candles. Generally until the price level of 20.589 is preserved, price will have the potential for reformation and ascending.
  3. NZD/USD in recent weeks, has been experienced many reformation with a gradual upward trend that Buyers over price increases obtained the highest price of 0.85213.Currently price in long term time frames(Such as Monthly,weekly and Daily ) is above 5-day moving average and warns about more ascending in long term interval of this currency pair.Price has been stopped from more ascend by reaching to the specified resistance levels in the picture below and with exit of some buyers from their trades at the end of 7th ,10th and 11th days, the Doji , Spining Top and Shooting Star candlestick patterns have been created. These candles shows vulnerability and indecision market in ascending or descending of price that for confirmation it needs closing of a bearish candle As it is obvious in the picture below , right now in daily time frame ABC descending pattern with the ratio of 161.8 is observable that with the completion of the D point there is a warning about down of price and descend by this pattern.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.Generally until the top price of 0.85213 is preserved, there is a potential for descending and price reformation in this currency pair.
  4. GBP/USD since 09.07.2013 till now was in a strong and consistent uptrend that buyers were successful in achieving the highest price of 1.68168. During this price uptrend, the price has been stopped from more ascending by reaching to the area of important Resistance Zone made of 5 peak prices date back to 2009(also 2011). Right now in daily and h4 time frames, the price is under 5-day moving average that shows the descending trend and warns about more descending. Formation of Dark cloud Cover and Doji candlestick patterns in green area shows indecision market and vulnerability of ascending trend. RSI indicator is in saturation Buy area and with the next cycle confirms the top price of 1.68168 warns about price reformation during the next candles. Generally according to the formed signs until the top price of 1.68168 is preserved, price has the potential of descending.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.