Daily Technical Analysis by PipSafe

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GBP/CHF in recent weeks, has been experienced many reformation with a gradual Downtrend that Sellers Down price increases obtained the lowest price of 1.44662.it is obvious in the picture below, the price by reaching to the ascending trend line made of 2 Bottom prices has been stopped from more descending(sellers used this level to leave their trades) and the buyers are hopeful about ascending of price from this supportive level.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 a harmonic Gartley pattern between the Top price of 1.51213 and the Bottom price of 1.44662 that there is a potential for changing price direction from D point of this pattern. Stoch indicator is in saturation sell area that confirms the current bottom price and warns about ascending of price during the next candles.In case of ascending of the price, one of the buyers target will be the drawn Down Trendline .Generally until the price level of 1.44662 is preserved, price will have the potential for reformation and ascending.

 

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EUR/CAD was in a strong and consistent uptrend during the recent months that buyers were successful in achieving the highest price of 1.55813.Price is going toward the support level of 1.52000 (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.

Right now in Daily and 4H time frames price is under 5-day moving average which shows consistent descending trend. According to the formed movements in the previous week, there is a Spining Top candlestick pattern which shows indecision marker for ascending or descending and there is a warning for stopping of more descending.

RSI indicator in weekly time frame is in saturation Buy area(also divergence mode in Daily time frame) that confirms the current Top price and warns about changing price direction. Generally until the price level of 1.55813 is preserved, price will have the potential for reformation and descending.

 

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As it was mentioned in the previous technical analysis of this currency pair dated 2014.03.17, according to the formed signs, there was a potential for ascending of price which finally happened. Buyers were successful in reaching to the highest price of 1.07382 and after that the price has started to decrease. Currently price in H4 and H1 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, price has been stopped from more ascending with reaching to the Down Trendline made of several resistance points (buyers leave their trades) and with creating the top price of 1.07382, the field has been prepared for descending.

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 but According to the current situation there is not any clear reason about ascending of price in H4 and Daily time frames. The least sign for ascending of price is formation of a bottom price and recording of it in H4 time frame.

 

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AUD/CAD during the recent week was in a strong and consistent uptrend that buyers were successful in achieving the highest price of 1.03155. 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. Price has been stopped from more ascend by reaching to the specified resistance levels(Support=Resistance) in the picture below and with exit of some buyers from their trades at the end of 26th and 28th days, the Shooting Star and Hanging Man candlestick 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 bearish candle.

As it is obvious in the picture below between the bottom price of 0.91701 and the top price of 1.03155, there is a AB=CD harmonic pattern with the ratios of 61.8 and 127.2 that with completion of the D point (also formation of butterfly pattern in CD wave), there is a potential for descending of price.RSI indicator is in saturation Buy area and divergence mode with the price chart that confirms the current Top price and warns about descending of price during the next candles.One of the important warnings for decreasing of is breaking of supportive level of 1.01809 (Low level of price changes in the previous daily candle).

 

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EUR/NZD 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 1.57654. Currently the mentioned price level is fixed as a bottom price, and it is the most important Support level in front of the price.Currently price in long term time frames like monthly, weekly and daily time frames is under 5 day moving average which shows a consistent descending trend in long period of time.Price has been stopped from more descending with reaching to the supportive edge of Up Channel technical pattern (sellers use this lever to exit their trades) and starts to ascend.

In the range of formed bottom price there are Hammer and inverted Hammer candlestick pattern that shows the possibility for formation of a successful bottom price in continuing ascending trend.As it is obvious in the picture below, there is a harmonic butterfly pattern between the top price of 1.69937 and the bottom price of 1.57654 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 ascending of price during the next candles.According to the current condition the first warning for ascending of price is breaking of the resistance level of 1.59591.

 

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EUR/NZD 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 1.57654. Currently the mentioned price level is fixed as a bottom price, and it is the most important Support level in front of the price.Currently price in long term time frames like monthly, weekly and daily time frames is under 5 day moving average which shows a consistent descending trend in long period of time.Price has been stopped from more descending with reaching to the supportive edge of Up Channel technical pattern (sellers use this lever to exit their trades) and starts to ascend.

In the range of formed bottom price there are Hammer and inverted Hammer candlestick pattern that shows the possibility for formation of a successful bottom price in continuing ascending trend.As it is obvious in the picture below, there is a harmonic butterfly pattern between the top price of 1.69937 and the bottom price of 1.57654 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 ascending of price during the next candles.According to the current condition the first warning for ascending of price is breaking of the resistance level of 1.59591.

 

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As it was mentioned in the previous technical analysis of this currency pair dated 2014.02.25, 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 0.93006.Right now in daily and H4 time frames, the price is under 5-day moving average that shows the descending trend and warns about more descending.Price stopped by reaching to the important resistance level of 0.93000 and after trying to break this resistance level twice that was unsuccessful, the price created a top price under that level.

Currently in daily time frame with formation of Shooting Star(also doji) candlestick pattern (the failure of buyers in reaching to the lower 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.As it is obvious in the picture below, there is an AB=CD harmonic pattern between the bottom price of 0.86595 and the top price of 0.93006 with ideal ratios of 38.2 to 224.2 that warns about descending of price from the D point of this pattern. RSI indicator is in saturation buy area and confirms the current top price, also wars about formation of a top price. Generally until the top price of 0.93006 is preserved, price has the potential of descending.

 

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USD/CAD during the recent Months was in a strong and consistent uptrend that buyers were successful in achieving the highest price of 1.12770.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. Right now the price level of 1.12770 is known as a peak price by closing of the descending candle.Right now price is under 5-day moving average in long term time frames such as Weekly and Daily that shows a consistent downtrend in this currency pair.
In the range of formed top price there are(Monthly Time Frame) Harami Pattern and Spining Top candlestick pattern that shows the possibility for formation of a successful top price in continuing descending trend.As it is obvious in the picture below, there is an AB=CD harmonic pattern between the bottom price of 0.96349 and the top price of 1.12770 with ideal ratios of 38.2 to 224.2 that warns about descending of price from the D point of this pattern.RSI indicator in weekly time frame is in saturation buy area that confirms the current top price and warns about changing price direction.According to the current situation there is not any clear reason about ascending of price in long term time frames. The least sign for ascending of price is formation of a bottom price and recording of it in daily time frame.

 

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EUR/USD during the recent days was in a Downtrend that Sellers were successful in achieving the highest price of 1.36727.Price by reaching to the Up Trendline (made of 2 bottom price) 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 1.36413.

As it is obvious in the picture below between the top price of 1.38749 and the bottom price of 1.36727, there is an non-ideal AB=CD harmonic pattern with the ratios of 61.8 and 127.2 that with completion of the D point , there is a potential for ascending of price.Stoch indicator in Daily 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 until the price level of 1.36727 is preserved, price will have the potential for reformation and ascending.

 

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As it was mentioned in the previous technical analysis of USD/CHF dated 2014.03.21, according to the formed signs, there was a potential for ascending of price which finally happened.Buyers were successful in reaching to the highest price of 0.89525 and after that the price has started to decrease.Right now price is over 5-day moving average in Weekly time frame and warns(in long period of time)about more ascend.

The price by reaching to the long term(Daily Time frame) down trend line ( made of 2 peak prices)dated back to the 2013 has been stopped and the buyers were unable to pass this resistance line.Formation of Hammer and Spining Top candlestick patterns with thin body in green area shows indecision market and vulnerability of descending trend.RSI indicator in H1 time frame is in saturation sell area and with the next cycle warns about ascending of price during the next candles, but because of lack of coordination with the daily time frame is not much valid.According to the current condition the first warning for Ascending of price is breaking of the resistance level of 0.88459. According to the current situation there is not any clear reason about Ascending of price in short term time frames. The least sign for ascending of price is formation of a bottom price and recording of it in H4 time frame.