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As it was mentioned in the previous analysis of this currency pair dated 09.10.2012, according to the formed signs, there is the possibility of ascend which finally It happened. the price during its ascend , by reaching to the 50% Fibonacci level ( one of the most important recursive ratios ) has been stopped from AB wave and warns the formation of a top price . The formation of Shooting star and Harami candle patterns shows the failure of sellers in reaching to the higher prices and the formation of a top price and finally decreases of price.


Stoch indicator in daily time frame is in saturation sell area and shows the potential of descending of the price. In 4H time frame of this currency pair , right now there is AB=CD harmonic pattern with the ratios of 61.8 and 161.8 which the D point of this pattern is complete and keeps going . The formation of a bottom price of 1.03525 during descending from D point of AB=CD pattern shows facing of price with the drawn channel (from resistance to supportive). The starting point of this cannel is the supportive bottoms of A and C. The price for more descend needs to eliminate the supportive bottom of 1.03525 , generally according to the formed signs , until the resistance top of 1.04099 is preserved the price has the potential of descend and decrease .

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As it was mentioned in the previous analysis of this currency pair dated 09.10.2012, according to the formed signs, there is the possibility of ascend which finally It happened. the price during its ascend , by reaching to the 50% Fibonacci level ( one of the most important recursive ratios ) has been stopped from AB wave and warns the formation of a top price . The formation of Shooting star and Harami candle patterns shows the failure of sellers in reaching to the higher prices and the formation of a top price and finally decreases of price.


Stoch indicator in daily time frame is in saturation sell area and shows the potential of descending of the price. In 4H time frame of this currency pair , right now there is AB=CD harmonic pattern with the ratios of 61.8 and 161.8 which the D point of this pattern is complete and keeps going . The formation of a bottom price of 1.03525 during descending from D point of AB=CD pattern shows facing of price with the drawn channel (from resistance to supportive). The starting point of this cannel is the supportive bottoms of A and C. The price for more descend needs to eliminate the supportive bottom of 1.03525 , generally according to the formed signs , until the resistance top of 1.04099 is preserved the price has the potential of descend and decrease .

12-2.png


14-1.png

kasi update uj pulok masta #:-S
 


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forex factory 23 oct 2012

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Currency
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EUR / USD
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USD / JPY
157.894
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USD / CHF
0.82390
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1.40525
EUR / JPY
177.297
AUD / USD
0.70314
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