As it was mentioned in the previous technical analysis of this currency pair, according to the formed signs in the price chart, there is the potential of formation of a butterfly harmonic pattern which finally happened and price has ascend to the level of 0.81364. price in daily time frame created hammer candle stick pattern in bottom price of 0.77622 and has provided ascending of price and stop loss of price.
In weekly time frame, price with creating four points on ascending trend line warns stopping of price downfall against monthly time frame. stoch indicator is in saturation sell area confirms the mentioned bottom price and warns the potential of ascending of price according to the next cycle. Currently sellers were successful in descending of price in midterm interval and the first sign for buyers with formation of a bottom price and recording of it in 4H time frame is breaking of 0.80105 level that provide ascending of price in the same direction of butterfly harmonic pattern signal.
AUD/JPY with formation of the top price of 105.349 has started to descend and sellers were successful in achieving the lower price of 88.897.Currently price in monthly, weekly and daily time frames is under 5-day moving average that shows a consistent descending trend with the potential of more downfalls in long period of time. Price during the downtrend with reaching to the ascending trend line (made of 2 bottom prices) and also alterant levels’ range has stopped from more downfalls and with formation of Inverted Hammer and Hammer candlestick patterns shows the vulnerability of the downtrend.
Stopping of price at mentioned Support levels indicates some sellers use them to exit their trades.Currently due to the recent heavy decline, RSI indicator is in saturation sell area that warns about formation of a bottom price in this area. The first warning for price reformation and beginning of an ascend is breaking of the resistance level of 90.704. Currently according to unclear signs for ascending of price in long term time frames, if the supportive level of 88.897 breaks, price will have the potential for descending to the important supportive level of 88.000.
AUD/CAD since 11.04.2013 was in strong and consistent downtrend that sellers were successful in achieving the lowest price level of 0.94740. On 20th day price with reaching to the round supportive level of 0.95000 and also the alterant level (made of two peak prices) has been stopped form more descend and with formation of hammer candlestick pattern warns about formation of a bottom price. Formation of long lower shadow at the end of 20th day shows sellers failure in reaching to the lower prices.
In daily time frame with closing of bullish candle at the end of 21st day and its combination with two previous candles has made an important Morning Star candlestick pattern which warns about formation of a successful bottom price and ascending of price during the next candles. With this downtrend, RSI indicator is in saturation sell area and in divergence mode with the price chart that warns changing price direction. Generally according to the formed signs in the chart, until the bottom price of 0.94740 is preserved, price has the potential to ascend.
As it was mentioned in technical analysis of this currency pair dated 12.06.2013 , according to the formed signs, price had the potential for ascending to the specified resistance level which finally happened. Price after touching the target price starts to descend and sellers were successful in reaching the lowest price of 0.91457. With formation of Inverted Hammer candlestick pattern at the end of 21st day, there is a warning for Vulnerability of downtrend and formation of a bottom price that with closing of a bullish candle in the next day it will be recorded.
Currently RSI indicator is in saturation sell area and in divergence mode with price chart that confirms the bottom price of 0.91457 and warns changing price direction during the next candles. In daily time frame between the top price of 0.97928 and the bottom price of 0.91457, there is AB=CD harmonic pattern with ratios of 61.8 and 127.2 that with completion of the D point there will be a warning for ascending of price. Generally according to the formed signs until the bottom price of 0.91457 is preserved, price will have the potential of increasing.
USD/CAD during the recent week was in a strong and consistent uptrend that buyers were successful in achieving the highest price of 1.05543. 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 in the picture below and with exit of some buyers from their trades at the end of 24th and 25th days, the Shooting Star and Spinning Top 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.
According to the formed price movements in the chart, between the bottom price of 0.98093 and top price of 1.05543,there is AB=CD harmonic pattern with ideal ratios of 61.8 and 161.8 (also at CD wave there us another pattern with ratios of 61.8 and 127.2) that with completion of the D point there will be a warning for descending of price. Stoch indicator is in saturation buy area in daily time frame that warns the potential of formation of a top price and a little price reformation in this range. One of the important warnings for decreasing of is breaking of supportive level of 1.45059 (Low level of price changes in the previous daily candle).
NZD/USD was in a downtrend that sellers were successful in achieving the lowest price of 0.76821. Price has been stopped from more descending by reaching to the specified supportive levels made of one alterant level (with two resistance level) in the picture below, also the blue supportive level and with indecision market and sellers’ retreat, price was successful to ascend. Right now price in daily time frame price is above 5-day moving average and warns the potential of ascending of price during the next candles.
Formation and repeating the Spinning Top candlestick pattern on 21st, 24th and 25th days shows indecision market in ascending or descending and vulnerability of downtrend which prepare the field for formation of a bottom price. In daily time frame Stoch indicator is in saturation sell area and with the next cycle warns about the ascending of price from the bottom price of 0.76821. 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 0.79500 or descending trend line.
Gold chart since last year was in strong and consistent downtrend that sellers were successful in achieving the lowest price of 1180.41. Price has been stopped from more descending with reaching to the supportive edge of Andrew’s Pitchfork technical pattern and also the supportive round level of 1200.00(sellers use this lever to exit their trades) and starts to ascend. Right now in long term time frames such as monthly and weekly, price is closed under 5-day moving average that shows a consistent downtrend and more descending in long period of time.
According to the formed movement price in the chart, there is a butterfly harmonic pattern between the top price of 1487.68 and bottom price of 1180.41 that with completion of the D point (formation of reversal candlestick pattern or bullish candle) there is a warning for price reformation. Stoch indicator in daily time frame (also in 4H time frame) is in saturation sell area and with the next cycle warns about ascending of price during the next candles. According to the current selling in the Gold price, there is not any clear sign for ascending of the price and the least sign for stopping of decreasing of price in daily time frame is formation of a bottom price (D point) and recording of it. If the level of 1180.41 breaks, price will have the potential for descending to the round supportive level of 1100.00.
Price since the end of 2012 till now was in strong and consistent downtrend with a little price reformation and sellers were successful in achieving the lowest price of 18.22. Right now price is under 5-day moving average in long term time frames like monthly and weekly. And warns about the potential of more descend. According to the recent downtrend price is in saturation sell area and there is a potential for price reformation. Price has formed a bottom price with reaching to the specified supportive levels in the picture below and it has stopped from more descend and has started a little ascend with shows exit of some sellers from their trades.
In weekly time frame with formation of hammer candlestick pattern in previous candle, there is a warning for formation of a bottom price (need to be recorded) and vulnerability of downtrend. RSI indicator is in saturation sell area and in divergence mode with the price chart in daily time frame that confirms the bottom price of 18.22 and warns about changing price direction. Currently the first important warning for ascending of price is breaking of the resistance level of 20.10. Generally until the mentioned bottom price is preserved, there is the potential for downtrend reformation.
As it was obvious in the previous technical analysis of this currency pair dated 13.06.2013 , according to the formed signs in price chart, the price had the potential of descending which finally happened. Sellers were successful in achieving the lowest price of 1.51635 during this downtrend. Right now price is under 5-day moving average in long term time frames like monthly, weekly and daily. Price, during the downtrend, has been stopped from more descending with reaching to the specified supportive levels in the picture below and with creating the Spinning Top candle stick pattern in daily time frame, it shows the vulnerability and indecision market in ascending or descending that with closing of ascending candle at the end of today, this signal in forming a bottom price will be submitted.
Stoch indicator in daily time frame is in saturation sell area and with the next cycle warns the potential for ascending of price during the next candles. Currently the first important warning for ascending of price is breaking of the resistance level of 1.52472 (the previous day highest price) and also the descending trend line (made of 3 peak prices). Generally until the price level of 1.51635 is preserved, price has the potential to ascend and reform the downtrend.
