Gold since 2014.07.11 till now was in a strong and consistent Downtrend that Sellers were able to achieve the lowest price level of 1204.700.With cashing of some sellers’ trades (formation of candlestick pattern( Spinning top) in weekly time frame) the price ascends and currently with closing of bullish candle on first day records the bottom price of 1204.700.According to the formed price movements, RSI indicator is in saturation sell area and in divergence mode with the price chart that confirms the bottom price of 1204.700 and warns about changing price direction.
As it is obvious in the picture below, according to the formed movements in the chart there is AB=CD harmonic pattern with ratios of 61.8 and 127.2 between the top price of 1391.622 and bottom price of 1204.700 that warns about ascending of the price by completion of the D point. Also in CD wave of the mentioned pattern, there is another harmonic pattern (butterfly) that warns about the potential of changing price direction from the green area.Generally until the bottom price of 1204.700 is preserved, the price has the potential for ascending from the harmonic patterns.
USD/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 1.12699 that is the most important resistance level in front of price.As it is obvious in the picture below, the price has been stopped by reaching to the resistance line(red line) and is not able to ascend more which is a warning for buyers about changing price direction.
According to the formed movements in the chart, between the bottom price of 1.08101 and the top price of 1.12699, there us AB=CD harmonic pattern with the ratios of 61.8 to 161.8 that warns the price descends from the D point of this pattern.Stoch indicator is in saturation buy area follows the top price of 1.12699 and warns the possibility of descending during the next days.(In the H4 time frame). According to this point, this currency pair has experienced the strong ascending trend in the past and also mentioned signs until this top price is preserved, there is the potential for price decrease and reformation in this currency pair.
Silver had a strong and without reformation descending trend during the recent weeks and could record the bottom price of 16.665.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.
According to the formed movements in the price chart, between the top price of 22.160 and the bottom price of 16.665 there is an none-ideal AB=CD harmonic pattern with the ratios of 78.6 and 161.8 that warns about changing price direction and price reformation. 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.Generally until the price level of 16.665 is preserved, the price has the potential for ascending and reformation.
CAD/JPY from 2104.09.19 (formation of Evening star in Daily time frame) is in a strong and without reformation descending trend that could experience a good price decrease. Right now this currency pair could record the bottom price of 96.162 during its descending trend that according to the formation of recent candles, it is not an ideal bottom price for ascending.
As it is obvious in the picture below between the top price of 97.810 and bottom price of 96.162, there is AB=CD harmonic pattern with the ratios of 76.4 and 127.2 that warns about the potential for ascending of the price.Stoch indicator is in saturation sell area in H4 time frame that confirms the harmonic D point and warns about changing price direction during the next candles . The first sign for starting a reformation movement and Ascending of the price is breaking the resistance of 96.462.Generally according to the formed signs in price chart until the bottom price of 96.162(R=S) is preserved, price will have the potential for ascending and reformation.
USD/CHF was in a strong and consistent uptrend during the recent weeks that buyers were successful in achieving the highest price of 0.96863. Currently in long-term time frames such as monthly / weekly and daily price is above the 5-day moving average which implies consistent uptrend with potential of further rise in price during the next candles.
The price by reaching to the resistance ascending channel edge has been stopped from more ascend and According to the type of previous week formed descending candles, there is a Dark cloud cover candlestick pattern that warns stopping of ascending trend to the buyers. Stoch 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 0.96863 is preserved, there is a potential for reformation and descending of the price in this currency pair.
USD/JPY 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 110.066 in Weekly time frame which is fixed by descending candle.The price by reaching to the Median line has been stopped from more ascend and by forming a Hanging Man candlestick pattern( 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.
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. According to the formed movements in weekly chart of this currency pair, there is AB=CD harmonic pattern with ideal ratios of 50 and 200 between bottom price of 96.507 and the top price of 110.066 that by completion of the D point in this pattern, there is warning for descending 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 106.667.
USD/CAD from 2014.07.04 (formation of ascending trend third point) is in a strong and by reformation ascending trend that could experience a good price growth.Right now this currency pair could record the top price of 1.13851 during its ascending trend that according to the formation of recent candles, it is an ideal top price for descending .In weekly time frame the price has been stopped by touching the resistance level (1.12797) and the buyers could not reach to the higher prices.
Between 15th and 17th days according to the shape of candles in daily time frame, there is Shooting Star , Hanging man pattern that warns about descending of the price in this price range.(shows cashing of the buyers trades and the potential for formation of a top price)As it is obvious in the picture below, between the bottom price of 1.06207 and top price of 1.13851 , there is AB=CD harmonic pattern with ideal ratios of 50 and 200 that with completion of the D point , there is a warning for stopping of uptrend and changing price direction. Generally according to the current situation of price, until the top price of 1.13851 in daily time frame is preserved, price will have the potential for descending and reformation in ascending trend.
As it is obvious in the below price chart, AUD/CAD from the top price of 1.03541 has descended and sellers could record the bottom price of 0.96843 that this supportive level is fixed in weekly time frame ( by ascending candles) and acts as a bottom price. Price by reaching to the ascending trend line (made of 2 bottom price) was not able to descend and break(fake break) it in weekly time frame.According to the below picture, price by making the third bottom price of ascending trend line has started to ascend and is above 5-day moving average that warns about ascending of price during the next candles.
AS it is obvious in the picture below, there is an ideal AB=CD harmonic pattern between the top price of 1.03541 and the bottom price of 0.96843 with ratios of 61.8 and 161.8 that warns the ascending of price from the D point.Stoch indicator is in saturation sell area and with the next cycle warns about the ascending of price from the bottom price of 0.96843. Generally according to the formed signs in the price chart until the mentioned bottom price is preserved, price has the potential for ascending at least to the resistance level of 1.00000.
USD/CAD 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 1.13871 in weekly time frame which is fixed by descending candle. Currently in some time frames such as monthly, H4 price is under 5-day moving average (a consistent downtrend) and there is not any clear reason about ascending of price in these time frames.
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 weekly time frame which generally warns the possibility of changing price direction.As it is obvious in the picture below, between the bottom price of 1.06102 and the top price of 1.13871, there is an ideal AB=CD harmonic pattern with the ratios of 50 and 200 that warns about the potential for a price downfall from the D point.Generally according to the formed signs in the price chart until the resistance level of 1.13871 is preserved , price has the potential for reformation in this currency pair.
CHF/JPY during the recent Days could ascend with reformation and record the top price of 114.417. Right now the mentioned top price is recorded by the next descending candle and is one of the most important resistance levels in front of price.With the formation of a Shooting star and Harami candlestick pattern, there is a warning for formation of a Top price and changing direction in the chart but closing of the descending candle at the end of day is necessary for attention to this signal.
According to the formed price movements, there is AB=CD harmonic pattern with idea ratios of 61.8 and 161.8 between the top price of 114.417 and bottom price of 111.218 that warns about descending of the price from the D point of this pattern. Stoch indicator in daily time frame is in saturation buy area and confirms the harmonic D point with its possible descending cycle and warns about the potential of changing price direction during the next candles.Generally until the top price of 114.417 is preserved , there is the possibility of descending of the price during next days.
