ForexTechnical Analysis(FxGlory)

[FXGLORY]

Technical analysis of USD/CAD dated 20.08.2013

As it was mentioned in the previous technical analysis of this currency pair dated 31.07.2013, 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 1.04439 during this trend and price is going toward descending trend line made of 2 top prices. Currently in daily and 4H time frames price is above 5-day moving average that shows an ascending trend. According to the recent ascending trend, price appears as a bullish candle that confirms formation of a bottom price and finally ascending.
Stoch indicator in daily time frame with the next cycle confirms the current bottom price and warns ascending of price during the next candles. Currently in long term time frames such as weekly and daily , there is not a clear reason for descending of price and the first important warning is breaking of ascending trend line.

FxGlory
2013.08.20

 

[FXGLORY]

Technical analysis of EUR/GBP dated 21.08.2013

EUR/GBP since the beginning of this month was in downtrend that sellers were successful in achieving the lowest price level of 0.85038. Currently price is above 5-day moving average in daily and 4H time frames that warns about ascending of price during the next candles. As it is obvious in the picture below price with reaching to the specified supportive levels like ascending trend line made of several bottom prices and lower warning line 1(Andrew’s Pitchfork) has been stopped from more descend and with formation of bottom price of 0.85038 has prepared the field for ascending of price.

Stoch indicator in daily time frame is in saturation sell area that confirms the current bottom price and warns about changing price direction. According to the current situation the first warning for descending of price is breaking of the current supportive level like ascending trend line in this currency pair.

FxGlory
2013.08.21

 

[FXGLORY]

Technical analysis of AUD/USD dated 22.08.2013

As it was mentioned in the previous technical analysis of this currency pair dated 05.08.2013, 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 0.9318 and after that the price has started to decrease. Currently price in monthly ad daily time frames is under 5-day moving average that shows descending of price during the net candles.

Price during the downfall with reaching to the supportive level of weekly pivot number 3 and Fibonacci level of 161.8 ABC pattern has stopped from more descend and has formed a bottom price in the level of 0.89317. As it is obvious in the picture below, price could not touch the Median Line of Pitchfork pattern and it is going toward the resistance line which shows 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. Currently there is a descending trend line made of 4 peak prices prevents the ascending of price.

FxGlory
2013.08.22

 

[FXGLORY]

Technical analysis of USD /CAD dated 23.08.2013

As it was mentioned in the previous technical analysis of this currency pair dated 20.08.2013, 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 1.05540 and the price is above 5-day moving. 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.

Price is going toward the resistance level of 1.06000 (the important psychic level of buyers) and there is not any clear reason of sell signal in long term time frames such as monthly and weekly. As it is obvious in the picture below, according to the formed movements in daily time frame, there is Bat harmonic pattern that the D (formation of a top price) point of this pattern is the first warning for a price downfall.

FxGlory
2013.08.23

 

[FXGLORY]

Technical analysis of Gold dated 29.08.2013

As it was mentioned in the previous technical analysis of this currency pair dated 16.08.2013, according to the formed technical signs, there was the potential for descending of price which finally happened. Buyers with creating a bottom price near the supportive level were successful in achieving the 434.16(using of the supportive edge of uptrend channel as a target). according to the recent descend the daily candle in previous day was appeared as Shooting Star candlestick pattern that shows failure of buyers in reaching to the higher prices and formation of a bottom price in this range (closing of bearish candle).

As it is obvious in the picture below, there is an AB=CD harmonic pattern between the bottom price of 1208.52 and the top price of 1434.16 with ideal ratios of 50 to 200 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 1434.16 is preserved, price has the potential of descending.

FxGlory
2013.08.29

 

[hanifah]

my account:
Real Account : 19657
why banned..? and what the reason...?
and why I just want wd my initial deposit can'nt do it...?
you could remove my bonus or my profit, but not stolen my initial deposit. it's my money.

 

[FXGLORY]

CADJPY analysis for 19.09.2023

In the CADJPY pair, the overall trend remains bullish, indicating a preference for Canadian Dollar strength against the Japanese Yen. However, a recent shift in momentum is evident as the MACD bars transitioned from green to slight red, suggesting a potential weakening of bullish sentiment. Traders should closely monitor price action and additional indicators for confirmation of this shift or potential retracement within the broader uptrend.

FXGlory
19.09.2023

 

[FXGLORY]

AUDNZD analysis for 20.09.2023

The AUDNZD exhibits a predominantly sideways trend with a hint of bullishness. The shorter SMA, initially beneath the longer one, is now at a pivotal intersection, potentially signaling an upcoming bullish crossover. The stochastic oscillator, sitting around the mid-level of 50 and positioned above its 3-day MA, further endorses this bullish sentiment. Traders should keep a close watch for potential breakout momentum if the bullish cues strengthen.

FXGlory
20.09.2023

 

[FXGLORY]

EURJPY analysis for 21.09.2023

The EURJPY, on a 4-hour chart, exhibits a sideways trend, indicating a lack of strong directional momentum. Even though it has touched the upper Bollinger band, the consistent width of the bands suggests limited volatility and a maintained equilibrium between buying and selling pressures. The MACD's bullish signal, with its line above the signal line and green bars, suggests short-term bullish momentum. However, considering the broader sideways trend, traders should exercise caution and watch for potential reversals or continuation of the range-bound movement.

FXGlory
21.09.2023

 

[FXGLORY]

GOLD analysis for 22.09.2023

Gold's 4-hour chart paints a bearish picture, underscored by multiple indicators. The recent cross of the short-term SMA below the long-term SMA signals a potential downturn. The Bollinger Bands' widening is indicative of increased volatility, further supported by two recent candles touching the band's lower edge, suggesting selling pressure. The MACD analysis further solidifies this bearish outlook. Its line crossing below the signal line typically hints at a possible downward momentum and the current histogram value of -1.95 points to a strong bearish bias. Traders should exercise caution and consider these signals when making decisions in the short to medium term.

FXGlory
22.09.2023