ForexTechnical Analysis(FxGlory.com)

[avan83]

thank you master...

 

[tukangcite]

Good info..for sharing..thank you

 

[FXGLORY]

Daily technical analysis of USD/JPY

The USD/JPY currency pair broke its descending trend in weekly chart after several years. You can see the descending trend line of this currency pair with 5 top prices which is finally broker after passing of the price from this line.

In the weekly chart, the price formed a hammer pattern which indicates the possibility of formation of a bottom price in this area and therefore causes an ascending in the price. Also, locating of Stoc indicator in the saturation area of selling empowers this theory. The hammer candle stick is formed in a transformative level which is drawn in the picture 2 increase the accuracy of the warning about the end of descending trend. As far as the existence of the 79.535 and 79.429 as the price levels which prevent the falling of the price we can expect the ascending of the USD/JPY.


Written by the technical team of FxGlory

 

[FXGLORY]

thank you master...

Hello avan83
Thank you for your attention
Hope this help
Good Luck

 

[FXGLORY]

Good info..for sharing..thank you

Hello tukangcite
Hope This Help
Thank you for your attention
Good Luck

 

[FXGLORY]

A test for the price reformation

The currency pair of NZD/USD is right now in the selling saturation area. Also, some small ascending jumps, which are shown in the 1m time frame, are good reasons of making cash the sellers’ orders and the exiting of them from their orders.The drawing fork in the below chart, shows its power when its first signal was issued (facing with supportive line) and help the price to jump to the middle lines. However, because of the descending trend the price could not reach the middle line and fell. The fell shows that this descending trend is continuing.

Right now, a hammer candle stick is formed in the 4h time frame which shows that a bottom price is forming in this point and of course causes an ascending in the price.The situation of the RSA indicator is saturation of selling and with the price it looks in a divergence situation which is a warning for the ascending of the price.We can expect as far as this supportive level of 0.77490 is effecting, the price could reform its strong previous descending trend.


Written by the technical team of FxGlory Brokerage

 

[FXGLORY]

Daily technical analysis of USD/JPY

As we mentioned in the previous technical analysis of FxGlory about USD/JPY currency pair, there were some evidence about starting an ascending trend of the price and the end of the descending trend. Right now, our previous predication comes to reality and the price started to go up from 9th May.

We can find out from the weekly chart of this currency pair that this ascending trend will continue its movement or not. According to the signs which we can see in the market, we can expect the continuity of this ascending trend. As you can see in the below picture the price is closed above the average of the changes of recent 5 days and until when the supportive level of 79.421 is there and plays the role of a bottom price, there is the hope of starting of an ascending trend of the price and reaching the important resistance level of 81.700

Written by the technical team of FxGlory Brokerage

 

[imutm]

EU tak dak ke?

 

[FXGLORY]

Technical analysis of USD/CHF 05.17.2012
Written by the technical team of FxGlory Brokerage

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The price continued its ascending trend without any special reform in it, after itascended in third point of ascending trend line on 1st of May. Right now, by considering the rules of trend lines and channels, we can draw an ascending channel of the price in this currency pair.

As you can see in the below picture we drew this channel to have a clear view for predicting the market movement. By considering formation of Rickshaw Man Pattern we can easily understand that the market cannot decide about its next movement and there is the possibility of formation of a top price and consequently the fall of the price. Also, because the Stoch indicator is located in saturation buying area, there is the possibility of descending of the price and reforming of the ascending trend which has been begun now.
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[FXGLORY]

Technical analysis of USD/CHF 05.21.2012


The USD/CHF has formed a top price on the supportive level which is indicated by red line and also the price is closed under the average of last 5 days. As we mentioned in our last technical analysis about this currency pair, there was the possibility of formation of a reformof the price and formation of a top price in this area. Due to some basic news this reform and formation happened with a delay.

Considering that the price is reached the resistance level of the ascending channel in daily time frame and also, the descending movement of Stoch indicator and finally, the formation of a top price in this area, it is much risky to open a buy position now.

Until when this top price and resistance level of 0.94971 are not broken, there is the possibility of falling of the price and reform of the previous trend. We can mention the supportive level of 0.93361 as one of next most important supportive levels.