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PipSafe
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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.
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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.
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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.
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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).
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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 .
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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.
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Technical analysis of EUR/CAD dated 17.03.2015 EUR/NZD was in a strong and consistent downtrend during the recent months that Sellers were successful in obtaining the lowest price of 1.4251. According to the previous day changes, previous week candle was closed as Tweezers Bottom(with hammer pattern) 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 1.6194 and bottom price of 1.4251 there is AB=CD harmonic pattern with ratios of 76.8 and 127.2 that warns the potential of ascending from the D point of this pattern. RSI 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 1.4251 is preserved, there is the potential for ascending of price and reformation of descending trend.
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Technical analysis of EUR/CAD dated 16.03.2015 EUR/CAD was in a strong and consistent downtrend during the recent days that Sellers were successful in obtaining the lowest price of 1.3388.Price has been stopped from more descending with reaching to the supportive edge of Down channel technical pattern and also the supportive round level of 1.3400 (Sellers use this lever to exit their trades) and starts to ascend. As it is obvious in the picture below, between the top price of 1.4641 and bottom price of 1.3388 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.RSI 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 according to the current situation, until the bottom price of 1.3388 is preserved, there is the potential for ascending of price and reformation of descending trend.
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Technical analysis of GBP/JPY dated 13.03.2015 GBP/JPY with formation of the top price of 184.996 has started to descend and Sellers were successful in achieving the lower price of 180.185.Currently price in weekly , daily and H4 time frames is under 5-day moving average that shows a consistent descending trend with the potential of more downfalls in long period of time. Price is going toward the support level of 180.000 (the important psychic level of Sellers) and there is not any clear reason of buy signal in long term time frames such as weekly and daily.As it is obvious in the picture below, according to the formed movements in H4 time frame, there is AB=CD harmonic pattern that the D (formation of a bottom price) point of this pattern is the first warning for a price Increase.
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Technical analysis of EUR/USD dated 2015.03.09 EUR/USD was in a strong and consistent downtrend during the recent months that Sellers were successful in obtaining the lowest price of 1.08240.In 4H time frame, according to the recent movement price, there is a Morning star candlestick pattern (with 3 stars) that warns about formation of a bottom price in this area and ascending of the price. According to the formed price movement, there is Crab harmonic pattern between the bottom price of 1.08240 and top price of 1.15324 that warns about changing price direction from the D point of this pattern.RSI indicator is in saturation sell area and confirms the harmonic D point and potential for ascending of the price.One of the important warnings for ascending of the price is formation of the candlestick pattern in daily time frame or closing of a ascending candle which prepares the field for ascending of the price .
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Technical analysis of GBP/AUD dated 06.03.2015 As it was mentioned in the previous analysis of this currency pair dated 16.02.2015, according to the formed signs in this price chart, there was the possibility of descending of price which finally happened.As it is obvious in the picture below, price with reaching to the supportive edge of Down channel has been stopped from more descend and by forming a bottom price (Doji Pattern) of 1.9453 has prepared the field for ascending of price. AS it is obvious in the picture below, there is an ideal AB=CD harmonic pattern between the top price of 2.0028 and the bottom price of 1.9453 with ratios of 78.6 and 127.2 that warns the ascending of price from the D point.RSI indicator is in saturation sell area that confirms the current harmonic pattern with the next cycle but because of non-compliance and coordination with larger time frames, this signal is not much valid.Based on current chart , there is a probability for bullish candles , First notice for starting bearish trend will be came out after punching D spot in 1.9453 level.
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Technical analysis of EUR/USD dated 27.02.2015 EUR/USD in recent weeks has been in a strong and consistent trend in the price movements which Sellers have been successful in reaching to the lowest price of 1.11830.As it is obvious in the picture below, price during the descending has touched the round supportive level of 1.11000 and has created the hammer candlestick pattern.As it is obvious in the picture below, there is a harmonic Gartley pattern between the bottom price of 1.11830 and the top price of 1.15339 that there is a potential for changing price direction from D point of this pattern. According to the descending potential in weekly time frame, price reformation of 4H time frame is not stable and by breaking the support level of d point, the ascending signal for 4H time frame will be invalid.RSI indicator in 4H time frame is in saturation sell area of the D point confirms AB=CD harmonic pattern and and with the next cycle warns about ascending of price during the next candles. According to the current selling in the EUR/USD price the first warning for ascending of price is breaking of the resistance level of 1.12460.
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Technical analysis of Silver dated 26.02.2015 Silver was in a descending trend from the top price of 18.45 that could record the bottom price of 16.07. Right now this bottom price is fixed by the next ascending candles and is the next nearest supportive level. If this supportive level breaks , the price will have the potential of reaching to the important supportive level of 16.00. As it is obvious in the picture below, there is a harmonic Gartley pattern between the bottom price of 15.52 and the top price of 18.45 that there is a potential for changing price direction from D point of this pattern.Stoch indicator confirms the ascending trend in this time frame and warns its possibility.Currently the first sign for Sellers is breaking of the D point of harmonic pattern in the price chart.
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Technical analysis of GBP/CAD dated 25.02.2015 GBP/CAD in recent weeks has a strong ascending trend that shows the serious buyers in reaching to their target prices. The price during this ascending trend could record the top price of 1.9559 that is the most important resistance level in front of price.According to the formed movements in daily chart of this currency pair, there is AB=CD harmonic pattern with none-ideal ratios of 61.8 and 127.2 between bottom price of 1.6760 and the top price of 1.9559 that by completion of the D point in this pattern, there is warning for descending of the price and changing price direction. Formation of the Higher long shadow in the last day candle shows the failure of buyers in reaching to the higher prices. RSI indicator is in saturation buy area and in divergence mode with the price chart in daily time frame that confirms the price level of 1.9559 and warns changing price direction during the next candles.Generally according to the formed signs in this price chart, until the top price of 1.9559 is preserved, there will be the potential for descending and price reformation in this currency pair.
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Technical analysis of EUR/NZD dated 24.02.2015 EUR/NZD was in a strong and consistent downtrend during the recent days that Sellers were successful in obtaining the lowest price of 1.4945.price with reaching to the important round level of 1.5000 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.price in daily time frame created hammer candle stick pattern in bottom price of 1.4945 and has provided ascending of price and stop loss of price. As it is obvious in the picture below, there is a harmonic Gartley pattern between the bottom price of 1.4945 and the top price of 1.5816 that there is a potential for changing price direction from D point of this pattern.Stoch indicator is in saturation sell area in daily time frame and it warns the potential for ascending of the price according to the next cycle.Generally according to the formed signs in price chart, until the bottom price of 1.4945 is preserved; price will have the potential for increasing and ascend.
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Technical analysis of AUD/NZD dated 20.02.2015 AUD/NZD since 2011 was in a long term and strong downtrend which is currently among the lowest prices. Sellers could achieve the lowest price of 1.0299 during this downtrend.Right now price has been stopped by reaching to the round level of 1.0300 and supportive levels’ range (made of 3 bottom prices dated back to 1995) and by making a bottom price had a little ascend. formation of hammer candlestick pattern on 19th day in daily time frame, there is a warning for the first failure of sellers in achieving lower prices and formation of a bottom price for increasing of the price in this area.RSI indicator in Daily time frame is in saturation sell area and also in divergence mode with the price chart which confirms the bottom price of 1.0299 and warns about changing price direction.Generally according to the formed signs in price chart until the bottom price of 1.0299 is preserved, price will have the potential for ascending and reformation.
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Technical analysis of AUD/SGD dated 19.02.2015 was in a strong and consistent downtrend during the recent months that sellers were successful in obtaining the lowest price of 1.0324.price with reaching to the supportive level which is shown in the picture below ( made of 4 bottom prices) has stopped from more descend( sellers used this level to exit their trades) and with formation of a bottom price in Weekly time frame has prepared a field for ascending of price.According to the previous week changes, previous week candle was closed as Hammer 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 1.1384 and bottom price of 1.0324 there is AB=CD harmonic pattern with ratios of 50 and 161.8 that warns the potential of ascending from the D point of this pattern.Stoch indicator is in saturation sell area in weekly 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 1.0324 is preserved, there is the potential for ascending of price and reformation of descending trend.
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Technical analysis of NZD/USD dated 18.02.2015 NZD/USD chart has experienced a strong ascending trend during the recent days that could record the top price of 0.75574.as it is obvious in the picture below , price has been stopped from more ascending with reaching to the Resistance level (S=R) and has formed a top price. According to the formed movements in the price chart, between the bottom price of 0.71769 and the top price of 0.75574 there is an AB=CD harmonic pattern with the ratios of 50 and 161.8 which the D point of this pattern is completed and warns about descending of the price in this price range.Stoch indicator in 4H time frame is in the saturation buy area and is in divergence mode with the price chart that warns about changing price direction.Right now the first important warning for more ascending of price in this currency pair happens by breaking f the 0.75574 level(D point) in H4 time frame.
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Technical analysis of USD/NOK dated 17.02.2015 USD/NOK was in a strong and consistent uptrend during the recent months that buyers were successful in achieving the highest price of 7.8519.The price has stopped from more ascend by reaching to the resistance edge of Up Channel and a top price was created on the resistance line by the buyers retreat.There are a Shooting Star and Hanging Man candlestick patterns in top price of 7.8519 that warns the potential for formation of a successful top price and Vulnerability of ascending trend for buyers. With closing of the next bearish candle, this signal is fixed. According to the formed price movements in the chart, there is a Crab harmonic pattern between the bottom price of 5.2129 and top price of 7.8519 that warns about descending of the price with completion of this pattern ending point.RSI indicator in weekly time frame is in saturation buy area and warns about descending of price according to the next cycle during the next weeks.Generally according to the formed signs in price chart, until the top price of 7.8519 is preserved, there is a potential for reformation and descending of the price in this currency pair.
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GBP/AUD during the recent days was in a strong and consistent uptrend that buyers were successful in achieving the highest price of 2.0030.Price by reaching to the important round resistance level of 2.0000 and the resistance edge of uptrend channel has stopped from more ascend that shows buyers used this price level to exit their trades. According to the formed price movements in the chart, between the bottom price of 1.7858 and top price of 2.0030,there is AB=CD harmonic pattern with ideal ratios of 61.8 and 161.8 that with completion of the D point there will be a warning for descending of price.Stoch indicator in daily time frame is in the saturation buy area and is in divergence mode with the price chart that warns about changing price direction.One of the important warnings for decreasing of is breaking of supportive level of 1.9768 (Low level of price changes in the previous daily candle).
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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.
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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.
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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.
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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.
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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.