Daily Technical Analysis by PipSafe

[PipSafe 10]

EUR/USD has experienced a Uptrend during the recent month that the buyers were successful in achieving the lowest price of 1.39672.Right now price is above 5-day moving average in long term time frames such as monthly, weekly and daily that shows a consistent Uptrend in long period of time.Price during the downfall with reaching to the Up Trendline( with several bottom price) has stopped from more descend and has formed a bottom price in the level of 1.37744.

 

If price rises and buyers success one of the price targets would be alterant level of 1.39000(or red resistance level)According to the condition of this currency pair, there is no clear reason for descend. There is formation of recursive candle patterns or one descending candle in daily chart which is the least acceptable sign for price reformation.

 

S1: 1.38512

 

S2: 1.37900

 

R1:1.39000

 

R2: 1.39400

 

[PipSafe 10]

Silver chart has experienced a strong descending trend during the recent week that could record the bottom price of 18.857. One of the sellers’ targets was the round level of 19.000 that they were successful in reaching to it and the price was not able to descend more by reaching to this level.

 

As it is obvious in the picture below, price during the descending has touched the Up Trendline (made of 3 bottom prices) and also the round supportive level of 19.000 has created the hammer candlestick pattern. Closing of the bullish candle (Engulfing Pattern) after this pattern will confirm it and warns about ascending of price .Currently price in Daily and H4 time frames is above 5-day moving average that shows ascending of price during the next candles.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 until the mentioned bottom price is preserved, there is the potential for downtrend reformation.

 

 

[PipSafe 10]

USD/JPY was in a consistent descending trend that sellers during this descending trend were successful in achieving the lowest price level of 100.763.According to the recent downfall, in weekly and daily time frames price is under 5-day moving average and warns about more descending during the next candles.As it is obvious in the picture below, there is a harmonic butterfly pattern between the bottom price of 95.818 and the top price of 105.421 that there is a potential for changing price direction 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 descending of price during the next candles.Price is going toward the support level of 101.320 (the important psychic level of Sellers) and there is not any clear reason of buy signal in long term time frames such as daily and weekly.Generally until the top price of 104.138 is preserved, there is a potential for descending and price reformation in this currency pair.

 

[PipSafe 10]

USD/CHF during the recent Days was in a strong and consistent Downtrend that sellers were successful in achieving the lowest price of 0.87202.Price during the downfall with reaching to the Fibonacci level of 161.8 ABC pattern has stopped from more descend and has formed a bottom price in the level of 0.87202.Currently in H4 AND H1 time frames price is above 5-day moving average that warns about the potential of ascending of price during short period of time.

 

AS it is obvious in the picture below, there is an ideal AB=CD harmonic pattern between the top price of 0.86610 and the bottom price of 0.87202 with ratios of 78.6 and 161.8 (also formation of butterfly pattern in CD wave), that warns the ascending of price from the D point.RSI indicator is in saturation Sell area and confirms the current bottom price, also wars about formation of a bottom price.Generally until the price level of 0.87202(D Point)is preserved, price will have the potential for reformation and ascending.

 

Technical Analysis of USD/CHF dated 2014.05.07

 

 

[PipSafe 10]

CAD/CHF form 2012 till now was in a strong and coherent descending trend that sellers strictly followed their descending price targets. Price during the recent downtrend was able to record the bottom price of 0.78000 and it is fixed by the ascending candles. The mentioned bottom price is One of the lowest price in the history of this currency pair and generally the price is in a saturation sell area. As it is obvious in the picture below, price during the descending has touched the lower median line and also the round supportive level of 0.78000 and has created the Spining Top candlestick pattern. Closing of the bullish candle(Engulfing pattern) after this pattern will confirm it and warns about ascending of price.

 

Also In monthly time frame of this currency pair, there is a non-ideal hammer candle stick pattern that warns about the potential for formation of a bottom price and ascending of the price for buyers.RSI indicator in weekly and Monthly time frame is in saturation sell area and with the next cycle confirms the current bottom price and warns about the potential of ascending during the next candles. Generally according to the formed signs in this price chart, until the bottom price of 0.78000 is preserved, there will be the potential for ascending and price reformation in this currency pair.

 

Technical analysis of CAD/CHF dated 2015.05.08

[PipSafe 10]

GBP/USD had an ascending trend without a noticeable reformation during the recent weeks that shows buyer certainty in reaching to the predetermined targets. The price could record the top price of 1.70000 in Weekly time frame which is fixed by descending candle(Shooting Star Pattern).The price by reaching to the resistance Up Channel edge and also the round resistance level of 1.70000 (buyers use these levels to exit their trades) has been stopped from more ascend and by forming a Harami candlestick patterns( possibility of formation of a top price and changing price direction)and fixing of it by a descending candle has prepared the field for creating a top price and a descending trend.

 

Currently price is under 5-day moving average in daily and 4H time frames that warns about descending of price during the next candles.As it is obvious in the picture below, there is an AB=CD harmonic pattern between the bottom price of 1.62491 and the top price of 1.70000 with none-ideal ratios of 61.8 to 127.2 that warns about descending of price from the D point of this pattern.As it is obvious in the picture bellow, according to the formed movements, the price is in divergence mode with Stoch indicator and confirms the mentioned top price is Daily time frame which generally warns the possibility of changing price direction.Generally until the price level of 1.70000 is preserved, price will have the potential for reformation and descending.

 

Technical Analysis of GBP/USD dated 2014.05.13

 

[PipSafe 10]

AUD/CAD in recent weeks, has been experienced many reformation with a gradual Down trend that sellers down price increases obtained the lowest price of 1.01133.Currently price in weekly  and H4 time frames is under 5-day moving average that shows descending of price during the net candles. In Weekly time frame of this currency pair, the price is closed by passing the ascending trend line( made of 9 bottom prices)  and breaking of it under the 5- day moving average and there is the possibility of more descends.

 

With formation of Shooting star candlestick pattern in daily time frame, there is a warning for Vulnerability of uptrend and formation of a Top price. As it is obvious in the picture below, there is Gartley pattern between the bottom price of 0.91723 and the top price of 1.03486 that there is a potential for ceasing of price from D point of this pattern. Generally until the price level of 1.02611 is preserved, price will have the potential for reformation and descending.

 

Technical analysis of AUD/CAD dated 2014.05.15

 

[PipSafe 10]

As it was mentioned in the previous analysis of this currency pair dated 27.03.2014, according to the technical formed signs there was the possibility of the price descend which finally happened.Sellers were successful in reaching to the lowest price of 1.48314 and after that the price has started to increase. The price by reaching to the Up Trendline (made of 4 bottom prices) which is drawn in the picture below could not pass the supportive level and by forming the bottom price of 1.48314(Hammer Pattern) provides a field for price reformation. Right now price is over 5-day moving average in daily and 4H time frames and warns about more ascend.

 

As it is obvious in the picture below, between the Top price of 1.55842 and the bottom price of 1.48314 there is none-ideal AB=CD harmonic pattern with the Fibonacci ratios of 50 and 127.2 (also Butterfly harmonic pattern) that warns about ascending of the price.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(such as weekly and monthly), this signal is not much valid. Generally according to the formed signs in daily time frame, until the bottom price of 1.48314 is preserved, the price has the potential for reformation.

 

Technical Analysis of EUR/CAD dated of 2014.05.21

 

[PipSafe 10]

USD/JPY from Top price of 104.124 was in downtrend that Sellers could achieve the lowest level of 100.836. Price has been stopped from more descending with reaching to the specified supportive level(Support Zone) and with closing of the bullish candle(Spinning Top!), there is a warning for changing price direction. Formation and repeating the Hammer and Spinning Top candlestick patterns on 19st, 20th and 21th days shows indecision market in ascending or descending and vulnerability of downtrend which prepare the field for formation of a bottom price.

 

Right now price is above 5-day moving average in short term time frames such as H4 and H1 daily that shows a consistent uptrend in short period of time. As it is obvious in the picture below between the top price of 103.010 and bottom price of 100.836, there is AB=CD harmonic pattern with the ratios of 61.8 and 161.8 that warns about the potential for ascending of the price. Stoch indicator is in saturation sell area and in divergence mode with the price chart confirms the D point of harmonic patterns and warns about potential of ascending during the next candles. Generally according to the current situation until the bottom price of 100.836 (D harmonic point) is preserved m there is a potential for ascending and increasing of the price in short period of time.

 

Technical Analysis of USD/JPY dated 2014.05.22

[PipSafe 10]

As it was mentioned in the previous analysis of this currency pair dated 2014.05.07, according to the formed signs in the price chart, there was the possibility of ascending of the price which finally happened. The price during its ascending trend could record the top price of 0.89708.Currently in 4H time frame with formation of Engulfing candlestick pattern (the failure of buyers in reaching to the highest prices) price has been stopped from more ascending and there is a possibility of formation of a top price and finally descending of the price.

 

RSI indicator is in saturation buy area and in divergence mode with the price chart, warns about formation of a top price. According to the long term time frames like Daily and Weekly time frames, there is not any clear reason for descending of the price and the price in both time frames is closed above 5day moving average. This situation shows unstable reformation and descends in 4 H time frame. Generally until the top price of 0.89708 is preserved, the price has the potential for descending and reformation in this currency pair and by breaking this price level in 4H time frame, there is the possibility of more ascending of price ( according to the technical analysis of 2014.05.07).

 

Technical Analysis of USD/CHF dated 2014.05.26

 

 

[PipSafe 10]

As it was mentioned in the previous analysis of this currency pair dated 2014.05.15, according to the formed signs in the price chart, there was the possibility of descending of the price which finally happened. The price during its descending trend could record the low price of 1.00075.Right now price is above 5-day moving Daily and h4 time frames that show an uptrend during the next candles. As it is obvious in the picture below, there is an AB=CD harmonic pattern between the Top price of 1.03463 and the Bottom price of 1.00075 with ideal ratios of 61.8 to 161.8 that warns about ascending of price 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 1.00075 is preserved, price has the potential of ascending. Price by reaching to the Support Level (R=S)was not able to descend and break it in daily time frame and by creating the hammer candlestick pattern on this line shows recessing of sellers in reaching to the lower price and also the supportive level of 0.99190.

 

Technical Analysis of AUD/CAD dated 2014.05.29

[PipSafe 10]

Gold was in a strong and consistent downtrend during the recent Days that sellers were successful in obtaining the lowest price of 1241.712.Currently price in long term time frames like weekly and daily time frames is under 5 day moving average which shows a consistent descending trend in long period of time. As it is obvious in the picture below between the top price of 1330.949 and the bottom price of 1241.712, there is a none AB=CD harmonic pattern with the ratios of 76.4 and 161.8 that with completion of the D point (also formation of butterfly pattern), there is a potential for ascending of price.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. According to the current condition of price, the first warning for Ascending of price is breaking of the resistance level of 1250.826.

 

Technical Analysis of Gold dated 2014.06.03

 

[PipSafe 10]

NZD/USD was in a strong and consistent downtrend during the recent Days that sellers were successful in obtaining the lowest price of 0.84000. As it is obvious in the picture below, price with reaching to the supportive edge of down channel also round support level has been stopped from more descend and by forming a bottom price of 0.84000 has prepared the field for ascending of price. (Sellers use the supportive edge( also round support level) of that to leave their trades.)

 

As it is obvious in the picture below, there is non-ideal butterfly pattern between the top price of 0.87779 and the bottom price of 0.84000 that there is a potential for ceasing of price 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. According to the technical signs, there is no clear reason for descending of the price in daily time frame and Generally according to the formed signs in price chart until the bottom price of 0.84000 is preserved, price will have the potential for ascending and reformation.

 

Technical Analysis of NZD/USD dated 2014.06.06

 

[PipSafe 10]

As it was mentioned in the Previous analyzes of this currency pair according to the formed signs, there was a potential for ascending of price which finally happened. Buyers were successful in achieving the highest price of 1.10350.As it was mentioned in the previous technical analysis of this currency, in long period of time there is good potential for growth of price and Currently price in long term time frames such as monthly and weekly is above 5-day moving average and warns more ascending in long term interval. Price by reaching to the resistance edge of Up Channel (2 patterns) has stopped from more ascend that shows buyers used this price level to exit their trades.

 

As it is obvious in the picture below, there is an AB=CD harmonic pattern between the bottom price of 1.05421 and the top price of 1.10350 with none-ideal ratios of 61.8 to 127.2 that warns about descending of price from the D(also formation else of AB=CD pattern in CD wave), point of this pattern. Stoch indicator is in saturation sell area and confirms the current top price, also wars about formation of a top price but because of lack of coordination with the Weekly and Monthly time frames is not much valid. The first warning for ascending of the price in current condition is breaking of the Resistance level of 1.10000.

 

Technical Analysis of AUD/NZD dated 2014.06.09

 

[PipSafe 10]

As it was mentioned in the previous technical analysis of Gold dated 2014-06-03, 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 1263.59 .Right now price is above 5-day moving daily time frame that show an uptrend during the next candles. According to the formed movements in price chart, between the top price of 1388.86 and the bottom price of 1240.73, there is a none-ideal AB=CD harmonic pattern with the ratios of 50% and 161.8% that warns about ascending of price from D point.

Stoch indicator with the ascending cycle confirms the D point of AB=CD harmonic pattern and warns about the potential of ascending during the next candles. If price rises and buyers success first of the price targets would be alterant level (Change of polarity)of 1269.54.Right now in long term time frames such as Monthly and weekly, there is not any clear reason for decreasing of the price and generally until the mentioned bottom price is preserved, there is the potential for downtrend reformation.

Technical Analysis of Gold dated 2014.06.10

 

[PipSafe 10]

GBP/AUD chart has experienced a descending trend during the recent Days that could record the bottom price of 1.78312. One of the sellers’ targets was the support zone of 1.78304 that they were successful in reaching to it and right now ,the price was not able to descend more by reaching to this level. By forming a Hammer candlestick pattern in mentioned bottom price, there is a potential for creating a bottom price and ascending of price.

 

In H4 time frame of this currency pair there is Butterfly harmonic pattern between the Top price of 1.81403 and the bottom price of 1.78312 that with completing the D point of this pattern , there is a warning for changes in price.RSI indicator is in saturation Sell area and in divergence mode with the price chart warns about changing price direction during the next candles. If price rises and buyers success first of the price targets would be Down trendline that is obvious in the picture below. Generally according to the formed signs in the chart, until the bottom price of 1.78312 is preserved, price has the potential to correction.

 

Technical Analysis of GBP/AUD dated 2014.06.11

[PipSafe 10]

EUR/GBP during the recent Days was in a consistent down trend that sellers were successful in achieving the lowest price of 0.80316.Currently price in monthly and weekly time frames is under 5-day moving average that shows descending of price during the next candles (long term). Price during the downfall with reaching to the supportive level of down channel and Fibonacci level of 161.8 ABC pattern has stopped from more descend and has formed a bottom price (harami pattern) in the level of 0.80316.RSI indicator is in saturation sell area and in divergence mode with the price chart and confirms the bottom price and warns about changing price direction during the next candle. Generally until the supportive level of 0.80316 is preserved, there is the possibility of the price reformation.

 

Technical Analysis of EUR/GBP dated 2014.06.12

 

[PipSafe 10]

AUD/CHF was in a strong and consistent uptrend during the recent months that Buyers were successful in obtaining the highest price of 0.84784.Currently price in monthly, weekly and daily time frames is above 5-day moving average that shows a consistent ascending trend with the potential of more increment in long period of time. In 4H time frame as it is obvious in the picture below , there is Wolf wave pattern and warns the descending of price to the Target line .

 

According to the formed movements in chart of this currency pair, there is AB=CD (2 Patterns)harmonic pattern with none-ideal ratios of 61.8 and 127.2 between bottom price of 0.81149 and the top price of 0.84784 that by completion of the D point in this pattern, there is warning for ascending of the price and changing price direction. Right now the first warning for descending of the price (in the same direction with harmonic pattern’s signal) is breaking of the supportive level of 0.84092.

 

Stoch indicator is in saturation Buy area in H4 time frame and in divergence mode with the price chart that confirms the TOP price of 0.84784 warns about changing trend direction. Generally according to the current situation in 4H time frame until the top price of 0.84784 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.

 

 

Technical Analysis of AUD/CHF dated 2014.06.13

[PipSafe 10]

GBP/CHF since 2014.03.17 till now was in a uptrend that Buyers were successful in achieving the highest price of 1.53000. Right now in long term time frames such as monthly and weekly, price is closed above 5-day moving average that shows a consistent uptrend and more ascending in long period of time. Price has been stopped from more ascending with reaching to the resistance edge of up channel technical pattern and also the resistance round level of 1.53000(Buyers use this lever to exit their trades) and starts to descend. As it is obvious in the picture below, there is an AB=CD harmonic pattern between the bottom price of 1.47799 and the top price of 1.53000 with ideal ratios of 0.382 to 2.24 that warns about descending of price from the D point of this pattern.

 

Currently in 4H time frame with formation of Shooting star (the failure of buyers in reaching to the higher prices) and Engulfing candlestick pattern, price has been stopped from more ascending and there is a possibility of formation of a top price and finally descending of the price. Stoch indicator in 4H time frame is in saturation buy area and with the next cycle warns about descending of price during the next candles. Currently the first important warning for descending of price is breaking of the support level of 1.52387. Generally until the mentioned top price is preserved, there is the potential for uptrend reformation.

 

Technical Analysis of GBP/CHF dated 2014.06.16

 

[PipSafe 10]

As it was mentioned in the previous technical analysis of USD/CAD pair dated 2014.04.07, according to the formed technical signs, there was the potential for descending of price which finally happened. As it is obvious in the picture below, price during the descending has touched the Up trendline (made of 2 bottom prices) has created the inverted hammer candlestick pattern. Closing of the bullish candle after this pattern will confirm it and warns about ascending of price. In daily time frame and weekly Stoch indicator is in saturation sell area and with the next cycle warns about the ascending of price from the bottom price of 1.08358.The first warning for ascending of price is breaking of the resistance level ( or the yesterday highest price change) 1.08743.Generally according to the current situation of the price chart in daily time frame until the third point of Up trend line is preserved, the price will have the potential to ascend and pass the mentioned bottom price.

 

Technical Analysis of USD/CAD dated 2014.06.17

 

[PipSafe 10]

EUR/NZD was in a strong and consistent downtrend during the recent days that sellers were successful in obtaining the lowest price of 1.55616.price with reaching to the supportive level which is shown in the picture below ( made of 2 bottom prices) and the round level of 1.5555 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. Formation of Inverted hammer and hammer candlestick patterns with thin body in green area shows indecision market and vulnerability of descending trend.

 

As it is obvious in the picture below, between the top price of 1.62873 and bottom price of 1.55616 there is AB=CD harmonic pattern with IDEAL ratios of 78.6 and 127.2 that warns the potential of ascending from the D point of this pattern. Stoch indicator in daily time frame is in saturation sell area and warns the potential for ascending and reformation according to the next cycle. Generally according to the current situation, until the bottom price of 1.55616 is preserved, there is the potential for ascending of price and reformation of descending trend.

 

Technical Analysis of EUR/NZD dated 2014.06.18

 

[PipSafe 10]

EUR/SGD during the recent weeks could descend without reformation and record the Bottom price of 1.68596. Price during the downfall with reaching to the supportive level of Down channel and Up trendline has stopped from more descend and has formed a bottom price in the level of 1.68596.According to the formed price movements in daily time frame, there is a butterfly harmonic pattern between the top price of 1.76640 and the recent descending that by completing the D point of this pattern, there is a warning about stopping of descending of the price.RSI indicator in Daily time frame shows the possibility of ascending candles and the first target buyers is the resistance level of 1.70382 or down trendline. There is no clear sign for descending of the price at the moment and the least sign for Down trend and decreasing of the price is formation of a top price in 4H time frame.

 

Technical Analysis of EUR/SGD dated 2014.06.19

[PipSafe 10]

As it was mentioned in the previous technical analysis of GBP/USD pair dated 2014.05.13, according to the formed technical signs, there was the potential for descending of price which finally happened. Currently price in long term time frames such as monthly and weekly time frames is above 5-day moving average and warns about more ascending in long term interval of this currency pair. According to the formed price movements in the chart, there is a Crab harmonic pattern between the bottom price of 1.66980 and top price of 1.70616 that warns about descending of the price with completion of this pattern ending point. RSI indicator is in saturation buy area and it is in divergence mode with the price chart that warns the potential for formation of a top price and changing price direction during the next candles. Generally until the top price of 1.70616 is preserved, price will have the potential for reformation and descending and If the level of 1.70179 breaks, price will have the potential for descending to the round supportive level (OR R=S Level)of 1.70000.

 

Technical Analysis of GBP/USSD dated 2014.06.20

 

[PipSafe 10]

As it was mentioned in the previous technical analysis of AUD/NZD dated 2014.06.09, according to the formed technical signs, there was the potential for descending of price which finally happened. Sellers were successful in achieving the lowest price of 1.07435.Currently price with teaching to the up trendline ( made of 2 bottom prices) has been stopped from more descend and with forming of the hammer and inverted hammer candlestick patterns which warn the possibility of formation of a bottom price.

 

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 and Currently if the resistance level of 1.08548 breaks, there is a warning for ascending of price in this chart. Generally until the bottom price of 1.07435 is preserved, price will have the potential for ascending and reformation.

Technical Analysis of AUD/NZD dated 2014.06.23

[PipSafe 10]

EUR/GBP 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 0.79599. As it is obvious in the picture below, price with reaching to the supportive edge of Down channel has been stopped(Right now some of the sellers by reaching to this support level started to cash their trades. from more descend and by forming a bottom price of 0.79599 has prepared the field for ascending of price. Stoch indicator in Daily time frame is in saturation sell area and warns about price reformation according to the next cycle ( also it confirms hammer candlestick pattern).

 

According to the formed signs in the price chart between the top price of 0.85850 and the bottom price of 0.79599 there is an AB=CD harmonic pattern(also you can see else harmonic pattern!) with the ratios of 50 and 161.8 that from the D point of this pattern there will be a warning for changing price direction. Stoch indicator in daily time frame is in saturation sell area that confirms the current bottom price and warns about changing price direction. Generally until the price level of 0.79599 is preserved, price will have the potential for reformation and ascending.

 

Technical Analysis of EUR/GBP dated 2014.06.24