Daily Technical Analysis by PipSafe

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NZD/USD since 11.07.2014 was in a strong and without reformation downtrend that shows the certainty of the sellers in achieving the predetermined goals. Sellers during this downtrend were successful in achieving the lowest price of 0.76056.Price during the Increase by reaching to the Down Trendline(made of 3 top prices)also the R1-WP has been stopped from more ascending and right now some of the buyers by reaching to these resistance levels started to cash their trades.

According to the formed price movements in H4 time frame, there is a Bat harmonic pattern between the top price of 0.78701 and the recent ascending that by completing the D point of this pattern ,there is a warning about stopping of ascending 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, but because of lack of coordination with the daily time frame is not much valid.Given the current situation of price, the best confirmations for ascending and reformation of price is the price should break Down Trendline and pass it.

 

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Technical Analysis of USD/CHF Dates 2014.12.12

USD/CHF during the recent weeks was in a strong and consistent uptrend that buyers were successful in achieving the highest price of 0.98187.Right now price in long time frames such as monthly and weekly is above 5-day moving average and warns about price increase in long period of time.Price has been stopped from more ascend by reaching to the specified resistance levels in the chart below and with exit of some buyers from their trades at the end of 8th day.

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 Spinning top candlestick patterns which shows indecision marker for ascending or descending .Please note that there is a Wolfe wave Pattern which its 5 point is complete and goes toward the goal.Until when the red tape is in the USD/CHF chart, we have the hope of the reform of the previous trend although, it may be a fragile and weak reform.

USD/CHF Chart dated 2014.12.12

 

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Technical Analysis of AUD/USD Dates 2014.12.16

AUD/USD was in a strong and consistent downtrend during the recent weeks that sellers were successful in obtaining the lowest price of 0.82000. price with reaching to the supportive level which is shown in the picture below ( made of 4 bottom prices) and the important round level of 0.82000 has stopped from more descend( sellers used this level to exit their trades) and with formation of a bottom price in H4 time frame has prepared a field for ascending of price.

As it is obvious in the picture below, between the top price of 0.87957 and bottom price of 0.82009 there is ABC harmonic pattern with ratio 2.24 that warns the potential of ascending from the C point of this pattern.RSI indicator is in saturation sell area in daily and H4 time frame that confirms the harmonic C point and warns about changing price direction during the next candles.Generally until the bottom price of 0.82009 is preserved, the price has the potential for ascending in this currency pair.

 

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Technical Analysis of EUR/AUD Dates 2014.12.17

EUR/AUD was in a strong and consistent uptrend during the recent weeks that Buyers were successful in obtaining the highest price of 1.53302.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.As it is obvious in the picture below, between the top price of 1.53302 and bottom price of 1.38067 there is AB=CD harmonic pattern with ratios of 50 and 161.8 that warns the potential of descending from the D point of this pattern.

RSI indicator is in saturation BUY area in h4 and daily time frames and in divergence mode with the price chart that warns about changing price direction during the next days.According to the current situation there is not any clear reason about descending of price in long term time frames such as monthly,weekly and daily. The least sign for descending of price is formation of a top price and recording of it in daily time frame.

 

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Technical Analysis of AUD/NZD Dates 2014.12.18

AUD/NZD during the recent weeks was in a strong and consistent downtrend that Sellers were successful in achieving the lowest price of 1.04713.Price has been stopped from more descend by reaching to the specified support levels(261.8 and WPP) in the picture below and with exit of some Sellers from their trades, the ideal Hammer (H4) and Spinning Top candlestick(Daily) 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 bullish candle.

As it is obvious in the picture below, between the top price of 1.13010 and bottom price of 10.4713 there is ABC harmonic pattern with ratio of 261.8 that warns the potential of ascending from the C point of this pattern.RSI indicator is in saturation sell area in daily(also h4) time frame and in divergence mode with the price chart that warns about changing price direction during the next days. The first important warning for ascending of price is breaking of the 1.05998 resistance level(the highest level of price changes in previous day).

 

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Technical Analysis of AUD/CHF Dates 2014.12.19

AUD/CHF during the recent weeks was in an descending trend that Sellers were successful in reaching to the lowest price of 0.78295.The price has stopped from more descend by reaching to the support edge of down channel(also Monthly s3 pivot point) and a bottom price was created on the support line by the Sellers retreat.Right now the price level of 0.78295 is known as a bottom price by closing of the ascending candle.

As it is obvious in the picture below, there is a harmonic Bat pattern between the bottom price of 0.78295 and the top price of 0.87363 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 confirms the D point of Bat harmonic pattern and make the potential for a price upside possible.Generally until the price level of 0.78295 is preserved, price will have the potential for reformation and ascending.

 

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Technical Analysis of USD/CAD dated 2014.12.22


USD/CAD during the recent week was in a strong and consistent uptrend that buyers were successful in achieving the highest price of 1.16702. Right now price in long time frames such as monthly, weekly and daily is above 5-day moving average and warns about price increase in long period of time.According to the formed movements in the previous week, there is a Shooting Star candlestick pattern which shows indecision marker for ascending or descending and there is a warning for stopping of more ascending which need the confirmation by the next bearish candle.


According to the formed price movements in the chart, between the bottom price of 1.01845 and top price of 1.16702 , 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. RSI indicator in weekly time frame is in saturation Buy area and also in divergence mode with the price chart warns about changing price direction.Generally until the mentioned top price on the resistance channel edge is preserved , the price has the potential for reformation and descending in this currency pair.

 

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Technical Analysis of AUD/SGD Dates 2014.12.23

AUD/SGD since 19.02.2012 till now was in a strong and consistent downtrend that Sellers were successful in achieving the lowest price of 1.06173.Price during the downtrend by reaching to the important support level(made of 2 bottom prices) and touching the Fibonacci resistance level of 61.8( from the top price of 1.35984 to bottom price of 0.90713) has been stopped from more descends by creating a bottom price.According to the formed price movements in the chart, between the bottom price of 1.06173 and top price of 1.20467,there is AB=CD harmonic pattern with ratios of 78.6 and 161.8 (also at CD wave there is another pattern with ratios of 50 and 200) that with completion of the D point there will be a warning for ascending of price.

RSI indicator in daily time frame is in saturation Sell area and according to the next cycle confirms the created bottom price and warns about the possibility of ascending of the price during the next candles.Currently by breaking the resistance level of 1.07752, there will be an important warning for ascending of the price.Generally according to the technical signs in the price chart, until the bottom price of 1.06173 is preserved; there is the potential for ascending and price reformation in this currency pair.

 

[abdul2012]

thank you for the interesting analysis.

 

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GBP/USD had an descending trend without a noticeable reformation during the recent weeks that shows Sellers certainty in reaching to the predetermined targets.The price could record the Bottom price of 1.54849 in 4H time frame which is fixed by ascending candle(Hammer Patterns).As it is obvious in the picture below, price during the descending has touched the Support Level (made of 2 bottom prices) and also the round supportive level of 1.55000 and has created the hammer candlestick patterns.

According to the formed movements in the chart, there is AB=CD harmonic pattern (Also the The Three Drives Pattern) with ideal ratios of 88.6 and 1.13 between top price of 1.58250 and the bottom price of 1.54849 that warns about changing price direction from the D point of this pattern.RSI 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.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.