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Thread: Technical Analysis By FxGlory

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    Technical Analysis By FxGlory

    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 traders’ 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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    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 trend’s line and resistance trend’s 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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    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 sellers’ 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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    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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    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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    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 couldn’t 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 didn’t 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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    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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    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 trend’s line.

    The formed candle on the descending trend’s 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.


    [/B]FxGlory[/B]

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    Technical Analysis of EUR vs. CHF pair dated 29.08.2012

    EUR/CHF pair from 29.08.2012 faced with a neutral trend which is continued now. The formation of candles with small framework and lower or higher shadows confirms the irresolute market and not having a special aim in this currency pair. As you can see in the below picture, in this density range, the price tends to descend by reaching to the top of this neutral range and finally tends to ascend by reaching to the bottom price.Until the price acts within this range with the mentioned candles, only the transactors, who act within the neutral market, take profit. And the only important attitude toward the technical analysis in present situation is, sell in top prices and buy in bottom prices. Closing of lower prices of descending or ascending candles out of the density range is the first warning of getting out of the neutral trend in this chart.



    FxGlory
    2012.08.29

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    Technical analysis of USD/CAD dated 30.8.2012

    USD/CAD currency pair during the last week by reaching to the supportive level of 0.98405 starts to ascend as it is obvious in the below picture. The formation of long lower shadows emphasizes the existence of supportive level in this range. Also Stoch indicator is located in the saturation sell area and shows the possibility of ascend and increase of price by considering the next cycle.

    Right now the price is in conflict with the descending trend line in daily price time frame. This trend line has prevented from ascending and increasing of the price successfully till now. Right now we can see the ascending trend in this time frame and RSA indicator confirms this potential. Closing of the today ascending candle in descending trend line is the first warnings for more price ascend. And also in the next stage the parallel line on the descending trend line is the next obstacle for the price. Generally until the supportive level of 0.98405 is preserved the price has the potential to increase and ascend.


    FxGlory
    2012.08.30

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