AUD/JPY from 09.10.2012 had a strong ascending trend with little reformation that shows the decision of buyers in reaching to the long term targets. This currency pair during its movement could record the top price of 97.419. The price by reaching to the psychic level of 97.000 could not pass it and retreated which the usage ability of this level can be seen in 1H time frame. As it is obvious in the picture below, between the bottom price of 71.993 and the top price of 97.419, there is AB=CD harmonic pattern with the ratios of 78.6 and 161.8 that the D point of this pattern is completed and warns about descending of the price.RSI indicator confirms the mentioned top price and it is in saturation buy area and also by being in divergence mode with the price chart warns about the price changing direction. Until the top price of 97.419 is preserved, the price has the potential for reformation of ascending trend.
AUD/USD during its ascend from the bottom price of 0.95727 could record the top price of 1.05981 and stopped after testing the next resistance levels. As it is obvious in the picture below, the price by reaching to the descending trend line could not pass it and the buyers retreated. Generally this descending trend line could prevent the price ascending and increase twice. After formation of the 4th point of descending trend line, the price has a downfall and it is under 5-day moving average.According to the recent downfall the 4th top price on the descending trend line shows that the price can reach to the lower price so one of the price targets will be the supportive level of 1.01400. According to the Stoch indicator in daily and weekly time frames, the potential for descending of price and the top price of 1.05981 has been confirmed. Generally until the 4th point of descending trend line is preserved, there is a possibility for descending during the next weeks.
EUR/USD during its ascend from the bottom price of 1.26546 could record the top price of 1.37066. This currency pair by reaching to the obstacle such as the Fibonacci level of 200 (resistance level) and the round price level of 1.37000 has been descended. Right now the top price of the top price of 1.37066 is fixed by the previous week descending candles and if this resistance level breaks, there will be the potential for ascending trend in this pair. As it is obvious in the picture below, in the mentioned top price, there is a Engulfing candlestick pattern which is a sign for overcoming the pressure of sell to buy and a warning for ending of the ascending trend.
Between the bottom price of 1.20416 and the top price of 1.37066 there AB=CD harmonic pattern with non ideal ratios that by completing the D point there is a warning for changing in price direction. Stoch indicator is in saturation buy area and shows the possibility of descending of the price according to the next cycle. In daily time frame of this currency pair the bottom price of 1.33514 is formed that by breaking of this level, there is first warning for more descend. Generally according to the formed signs in weekly time frame, until the top price of 1.37066 is preserved, the price has the potential for reformation.
GBP/JPY had a great ascending trend without reformation from B bottom price in the level of 118.804 and could record the top price of 148.000. Right now the price by reaching to the resistance Fibonacci level of 200 also resistance round level of 148.000 has been stopped from more ascend and formed a top price which is fixed by previous descending candles in daily time frame. In the range of formed top price there are Hanging Man and Doji candlestick pattern that shows the possibility for formation of a successful top price in continuing descending trend. According to the formed movements RSI indicator is in divergence mode with the price that warns the changing of price direction.Right now the price during its downfall by reaching to the supportive round level of 145.000 has reacted to it and buyers overcome sellers also it caused the formation of hammer candlestick pattern in 4H time frame. The first warning for more descend is breaking of this supportive level. Generally until the top price of 148.000 is preserved, there is a potential for price reformation in this currency pair.
As it was mentioned in the previous analysis of this currency pair dated 06.02.2013 according to the formed signs there was the possibility of the price ascending which finally happened and it could record the top price of 1.45342 during its ascending. Price during the buyers retreating and downfall from the mentioned top price could record the bottom price of 1.42301 which is fixed by the next ascending candles and had an ascending trend. In daily time frame of the previous day, the Inverted Hammer pattern was formed which shows the possibility for formation of a bottom price and price ascending.
As it is obvious in the picture below, by breaking of the descending trend line (with three top prices) and converting of it to the supportive level in 1H time frame, there is a warning for ascending of the price. According to the formed signs in the chart and the potential of this currency pair in reforming of the recent strong descends, until the bottom price of 1. 42301 is preserved, price has the potential for increasing and ascending in this currency pair.
EUR/USD During its ascending trend by reaching to the Fibonacci level of 200 and recording the top price of 1.37086 has been stopped from more ascending. Right now the price is under 5-day moving average in daily time frame and warns the potential for descending of the price. In weekly time frame of this currency pair in the top price of 1.37086, there is a Engulfing candlestick pattern that shows the formation of a top price and sellers overcome buyers.Stoch indicator is in saturation buy area in weekly time frame and warns the potential for decreasing of the price according to the next cycle. As it is obvious in the picture below if the price descends, one of the price targets will be the drawn ascending trend line. Right now the first important warning for more descending of price in this currency pair happens by breaking f the 1.33046 level in daily time frame.
USD/JPY from 12.09.2012 (formation of ascending trend third point) is in a strong and without reformation ascending trend that could experience a good price growth. Right now this currency pair could record the top price of 94.446 during its ascending trend that according to the formation of recent candles, it is not an ideal top price for descending. In daily time frame the price has been stopped by touching the resistance level and the buyers could not reach to the higher prices.RSI indicator is in divergence mode with the price chart that warns the possibility of changing price direction. In weekly time frame Stoch indicator is in saturation buy area and warns the possibility of price reformation according to the next cycle. Closing of recent weekly descending candle or formation of one of the important candlestick patterns is a good reason for confirming the descending signal by Stoch indicator in weekly time frame. Generally according to the strong and without reformation ascending trend in this currency pair, the price has the potential for downfall until the top price of 94.446 is preserved.
GBP/USD from 20.12.2012 began to descend by forming a top price. Due to the technical signs selling pressure of sellers is tangible and there is not a clear reason for reformation and ascending of the price in long term time frames. The price during the descending trend could record the bottom price of 1.54142 which is the nearest level to one of the supportive level in the chart. As it is obvious in the picture below, the price its descending trend could pass the long term ascending trend line which is made of 4 bottom prices and warns about descending of the price.Sellers in midterm outlook try to get the supportive level of 1.53900 and for the next stage, the important level of 1.53000 and these two supportive levels are the possible targets of price downfall. Stoch indicator in monthly time frame shows the possibility of descending of the price according to the next cycle.
NZD/USD in daily time frame is in ascending trend and could record the top price of 0.85321. The price has faced a downfall after this top price and has reached to the ascending trend line which is made of 6 bottom prices and prevents from more decrease of price, and with formation of a bottom price provides a field for ascending. According to the daily and weekly time frame of this currency pair, sellers selling pressure is tangible and the price has a good potential for breaking of the ascending trend line. As it is obvious in the picture bellow, according to the formed signs, there is Bat harmonic pattern that completing the D point is a warning for ascend of price.
Stoch indicator in 4H time frame is in saturation sell area and warns the possibility of ascending of the price according to the next cycles. According to the case that this signal is against the daily and weekly time frame, it does not have a high value. Generally until the formed bottom price on ascending trend line and D point of Bat harmonic pattern is preserved, there is the possibility of increase and ascend of price , and if the descending candle closes on the ascending trend line, there will be the potential for more descending of the price.
As it was mentioned in the previous analysis of Silver on 2013.01.10, according to the formed signs, there was the bullish potential which finally happened .The price was able to touch lowest supportive level of 28.29 during its bearish trend and This price was recorded by the bullish candles on 22 & 25th day .As it shown in figure bellow ,Between the High price of 35.37 and the Low price of 28.29 there is Three Drives Pattern harmonic pattern with ideal ratios that by completing the third point ,bearing trend signal is invisible.RSI indicator is in saturation sell area follows the bottom price of 28.29 and warns the possibility of bullish trend during the next days.Formation of a candle with small body and a Spinning Top candlestick pattern(21th and 22th) shows the indecision of market for ascending or descending and warns the formation of a lowest price in this area.Right now the first important warning for more ascending of price in this pair happens by breaking out the 29.25 level in daily time frame .Generally until the low price of 28.29 is respected, the price has the potential for be bullish from the harmonic pattern.
