AUD/CAD

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NZD/CAD during the recent day was in a strong and consistent uptrend that buyers were successful in achieving the highest price of 0.94249 .Right now price has been stopped by reaching to the round level of 0.94444(Resistance Level) and R1 weekly pivot point and by making a top price had a little descend.

As it is obvious in the picture below, between the top price of 0.94908 and the bottom price of 0.86146, there is a Bat harmonic pattern that with completion of the D point there will be a warning for decreasing of the price.RSI 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 0.92211 .

 

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Technical analysis of GBP/USD dated 11.02.2015

GBP/USD from the top price of 0.71951 till now was in a downtrend that Sellers were able to achieve the lowest price of 1.49223.One of the sellers’ targets was the round level of 1.50000(and Down Trendline) that they were successful in reaching to it and the price was not able to descend more by reaching to this level. 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.

Stoch indicator is in saturation sell area and in divergence mode with the price chart in weekly time frame that confirms the price level of 1.49223 and warns changing price direction during the next candles.In the range of formed bottom price there are Spinning Top , Inverted Hammer and Harami candlestick patterns that shows the possibility for formation of a successful bottom price in continuing ascending trend.

 

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Technical analysis of AUD/SGD dated 19.02.2015

was in a strong and consistent downtrend during the recent months that sellers were successful in obtaining the lowest price of 1.0324.price with reaching to the supportive level which is shown in the picture below ( made of 4 bottom prices) has stopped from more descend( sellers used this level to exit their trades) and with formation of a bottom price in Weekly time frame has prepared a field for ascending of price.According to the previous week changes, previous week candle was closed as Hammer candlestick pattern which shows vulnerability of descending trend and potential for formation of a bottom price in this range.

As it is obvious in the picture below, between the top price of 1.1384 and bottom price of 1.0324 there is AB=CD harmonic pattern with ratios of 50 and 161.8 that warns the potential of ascending from the D point of this pattern.Stoch indicator is in saturation sell area in weekly time frame and in divergence mode with the price chart that warns about changing price direction during the next days.Generally according to the current situation, until the bottom price of 1.0324 is preserved, there is the potential for ascending of price and reformation of descending trend.

 

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Technical analysis of GBP/CAD dated 25.02.2015

GBP/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 1.9559 that is the most important resistance level in front of price.According to the formed movements in daily chart of this currency pair, there is AB=CD harmonic pattern with none-ideal ratios of 61.8 and 127.2 between bottom price of 1.6760 and the top price of 1.9559 that by completion of the D point in this pattern, there is warning for descending of the price and changing price direction.

Formation of the Higher long shadow in the last day candle shows the failure of buyers in reaching to the higher prices. RSI indicator is in saturation buy area and in divergence mode with the price chart in daily time frame that confirms the price level of 1.9559 and warns changing price direction during the next candles.Generally according to the formed signs in this price chart, until the top price of 1.9559 is preserved, there will be the potential for descending and price reformation in this currency pair.

 

[needsajet]

Thank you so much, Pipsafe. The AUD/CAD analysis has been helpful! I'm an immigrant