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PipSafe

Daily Technical Analysis by PipSafe

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Technical analysis of AUD/USD dated 18.03.2015

 

AUD/USD during the recent week was in a strong and consistent Downtrend that Sellers were successful in achieving the lowest price of 0.75602. As it is obvious in the picture below, there is an ideal Gartley harmonic pattern between the top price of 0.77311 and the bottom price of 0.75902 that there is a potential for ceasing of price from D point of this pattern.

 

Stoch indicator is in saturation Sell area and it is in divergence mode with the price chart that warns the potential for changing price direction. Generally according to the formed sign in the price chart until the bottom price of 1.75602 is preserved, the price has the potential for ascending in this currency pair and the first warning for ascending of price is breaking of the resistance level of 0.76417.

 

AUDUSD.png

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Technical analysis of EUR/NZD dated 2015.03.24

 

EUR/NZD during the recent week was in a strong downtrend that Sellers were successful in achieving the lowest price of 1.4129 .Right now the price is in the lowest prices in the recorded history and generally in long term interval according to the bottom price of 1.4129 and other factors, it has a good potential for ascending.Currently price at daily time frame has formed Hammer candlestick pattern (To notice this candlestick pattern, there is a need to closure of a descending candle) that shows the first warning signals for the formation of a bottom price.

 

As it is obvious in the picture below, between the bottom price of 1.4129 and top price of 1.6195, there is an AB=CD harmonic pattern with ideal ratios of 61.8 and 161.8 which warns about ascending of the price from the D point of this pattern.RSI indicator is in saturation sell area and in divergence mode with the price chart confirms the mentioned bottom price and warns about changing price direction.Generally according to the current situation, if the bottom price of 1.4129 records, the price will have the potential in reaching to the S=R .

 

 

EURNZD.png

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Technical Analysis of AUD/USD dated 09.04.2015

 

AUD/USD on 02.04.2015 by creating the ideal bottom price (formation of hammer candlestick with candle confirmation) has started to ascend and could record the top price of 0.77378.Right now in daily time frame price is above 5-day moving average and warns the potential of ascending of price during the next days(Long term time) .Price has formed a top price (Evening star pattern) with reaching to the specified resistance levels in the picture below and it has stopped from more ascend and has started a little descend with shows exit of some buyers from their trades.

 

As it is obvious in the picture below, between the bottom price of 0.75327 and top price of 0.77378 , there is AB=CD harmonic pattern with none-ideal ratios of 61.8 and 127.2 that with completion of the D point , there is a warning for stopping of uptrend and changing price direction.RSI indicator is in saturation buy area and in divergence mode with the price chart confirms the mentioned top price and warns about changing price direction.The first important warning for ascending of price is breaking of the 0.77378 resistance level(R1 of Pivot Point or D point).

 

AUDUSD.png

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Technical Analysis of USD/SGD dated 2015.04.10

 

USD/SGD since the first days of this month with creating a bottom price(Piercing line pattern) of 1.3431 has started to ascend.Price during the downfall by reaching to the supportive edge of down channel has been stopped from more descending and right now the Sellers started to cash their trades.Price in daily time frame is above 5-day moving average and warns the potential of ascending of price during the next candles.

 

As it is obvious in the picture below, there is AB=CD harmonic pattern with ratios of 50 and 161.8 between top price of 1.3928 and the bottom price of 1.3431 that warns about changing price direction from the D point of this pattern.Currently there is not any clear reason for descending of price in daily time frame and the first warning for descending of price is formation of a top price and confirming of it in this time frame.

 

USDSGD.png

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EUR/USD Technical Analysis (2015.04.13)

 

EUR/USD was in a strong and consistent downtrend during the recent days that Sellers were successful in obtaining the lowest price of 1.04621. Currently price in monthly,weekly and daily time frames is under 5-day moving average that shows descending of price during the net candles.As it is obvious in the picture below, there is a Bat Harmonic price pattern between the top price of 1.10502 and the bottom price of 1.05211 that there is a potential for ceasing of price from D point of this pattern.RSI 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.

 

In H4 time frame in the previous candle, the h4 candle appeared as a Hammer candlestick pattern (to notice this candlestick pattern, there is a need to a ascending candle as confirmation) that shows the possibility for formation of a bottom price and ending down the descending of the price).The best sign of ending the descending trend is the formation of the bottom price in daily time frame and fixing of it.

 

EUROUSD.png

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Silver chart has experienced a descending trend during the recent day that could record the bottom price of 15.98.Price during the descending has touched the Support line (made of 2 bottom prices) and also the round supportive level of 16.00 and has created the morning star candlestick pattern. Closing of the bullish candle after this pattern will confirm it and warns about ascending of price.

 

As it is obvious in the picture below, between the top price of 16.67 and bottom price of 15.98 there is ABC harmonic pattern with ratio of 127.2 that warns the potential of ascending from the C point of this pattern. RSI indicator is in saturation sell area in H4 time frame and in divergence mode with the price chart that warns about changing price direction during the next candles.Generally until the bottom price of 16.00 is preserved, there is a potential for price reformation in this Metal.

 

Silver-Chart.png

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