Technical Analysis from FXMars

fxmars · 26.05.2014

Posted by fxmars.com
EURUSD:

The last two tops from April 11 and May 08 and the last two bottoms from April 07 and May 13 were in bearish divergence with the stochastic oscillator, which was the basic signal for the drop in the last two weeks. The price of the pair crossed the 1.36714 neck line of the double top formation with tops from March 13 and May 8, which is the confirmation of the formation. For this reason, we expect a continuation of the bearish tendency. On its way down the is about to meet the 1.35588 support, which indicate the bottom of the price from February 12 and the 1.34734 support, which points the 3-months low from January 26.
USDJPY:

After the price of the Yen broke the purple bullish trend line from March 2013, it tested it as a resistance and decreased to 100.818. This decrease broke the 4-times tested support at 101.197. The drop of the price through the purple bullish trend from March 2013 could be marked with a bearish trend line (orange) on the graph. After the drop through the 101.197 support, the price started an increase, which is about to meet the price again with the recent orange bearish trend line. Having in mind the last events by the Yen, it is likely to expect a bearish bounce from the orange trend line, which could be the beginning of a new bearish advance. With the expected interaction with the orange bearish trend line, the stochastic oscillator is about to enter the 80-100 area, whereupon the market would be considered as overbought.
GBPUSD:

With reaching 1.69951 on May 06, the cable created a 5-years high. The followed drop decreased the price to the lower level of the blue bullish corridor from September 2013. The test point of the lower level of the corridor is also the interaction point of the lower level of the corridor and the 1.67214, which made the level even stronger. The price did a bullish bounce, which created a second top, lower top on 1.69180. The two tops are in a bullish divergence with the stochastic oscillator, which supports the idea that after interacting again with the lower level of the blue bullish corridor, the price would eventually start increasing again. The potential resistances are the already broken level at 1.68377, and the 1.69952 level, which indicates the 5-years high we already discussed. If the price breaks through the lower level of the blue bullish corridor, the first support to be met is the 1.67214 level, which indicates the last bottom of the price from May 15.
USDCHF:

With crossing the 0.89486 neck line, the price confirmed the double bottom formation with bottoms from March 13 and May 08, which in general infers for an upcoming bullish movement. At the same time, with the break through the neck line of the formation, the price created a rising wedge formation, which is the reason to believe that the price might do a correction of the bullish movement, before increasing more. If the wedge breaks in bearish direction, a potential target of the price would be the 0.88618 support, which is the already broken neck line of another, smaller and already completed double bottom formation. Potential resistances of the price are the 0.90367 level, which marks an old top of the price from February 12 and the 0.90825 resistance, which indicates another top from February 3.
AUDUSD:

After breaking through the purple bullish trend line from February 24, which is also the lower level of the triangle from April 10 the Aussie decreased to its previous bottom at 0.92027. The support, which indicates this bottom, is also the neck line of a double top formation and it is still not broken. Currently, the price is testing the neck line of the formation. At the same time, the stochastic oscillator signalizes that the market is oversold, which implies that a bullish increase might occur. If this happens, the price would be about to meet the purple bearish trend line from April 10, which is also the upper level of the already broken triangle. If the price breaks through the neck line at 0.92027, the double top formation would be confirmed and we could expect the price to drop to the support at 0.89892, which indicates the previous bottom of the price.
XAUUSD:

After breaking the triangle from March 17, the Gold started a consolidation, which resembles another triangle (blue), which was established on April 14. The upper level of the triangle has been tested for six times and the lower level has been tested for 5 times. As we see, the triangle is to its end and we will probably witness a break through one of the sides during the following week. At the same time, the movement of the stochastic oscillator matches with the ticks of the graph, which means that the stochastic could be used as a trigger of a position if it anticipates the eventual break through one of the sides of the triangle. When the triangle gets broken, the first levels to be met by the price are the upper and the lower level of the already broken purple triangle from March 17.
Disclaimer: Data, information, and material (“content”) is provided for informational and educational purposes only. This material neither is, nor should be construed as an offer, solicitation, or recommendation to buy or sell any Forex or CFD contracts. Any investment or trading decisions made by the user through the use of such content is solely based on the users independent analysis taking into consideration your financial circumstances, investment objectives, and risk tolerance. Neither FxMars.com nor any of its content providers shall be liable for any errors or for any actions taken in reliance thereon

Юлия · 28.05.2014

Dear fxmars,
your pictures are too big for our forum. Can you do them smaller or add with teg "spoiler"?
Thank you

fxmars · 16.06.2014

Week Ahead 15th June Technical Analysis from FXMars

Posted by fxmars.com
EURUSD:

The price has completed about 80% of the double top formation (green) with tops from March 13 and May 8 on the D1 chart. Furthermore, the pair went through the support at 1.35583, which speaks of a continuation of the downward activity. The latest movement of the price happens in a bearish corridor (yellow), which is a result of the bearish movement of the double top formation. As you see, in the last three trading days the price was testing the lower level of the yellow corridor, and a bullish bounce even occurred. For this reason, we believe that the price might eventually do a bullish correction of the downward movement, before any other decrease. The stochastic oscillator is about to give a signals for an oversold market, which supports the correction of the bearish movement.
USDJPY:

After testing the interaction point of the 102.770 resistance and the lower level of the purple triangle from the end of December 2013, the price bounced in bearish direction. The followed bearish movement broke through the 3-times tested blue bullish trend line from May 21. After two bearish candles on D1, the price created a bullish candle, which established a bottom at 101.587. As a typical change in a trend, we expect the price to meet the small blue bullish trend line as a resistance and eventually to bounce from it. In such case, the 101.587 would be a crucial level for the continuation of the bearish movement. After all, after the bounce from the 102.770 resistance, the price is expected to meet the 101.197 support and eventually the 100.756 support.
GBPUSD:

After creating an impression for a double top formation on D1, the cable increased again to the resistance at 1.69952. Currently, the price demonstrates that the level is stronger than the price, which is the reason for the decrease after the interaction with the level. At the same time, the stochastic oscillator is about to enter the 100-80 zone, which would signalize for an overbought market. If the price bounces from the 1.69952 resistance, an interaction with the supports at 1.68377 and 1.67214 is likely to occur. If the price breaks through the 1.69952 resistance, the level might be turned into a support, which would probably be the beginning of a new bullish wave.
USDCHF:

After the price formed a bottom at 0.89045 (blue), the price went through the resistance at 0.89486 and formed a top around 0.90100. This top lies on a bullish line (pink) with the last few tops of the price, which means that the line might be perceived as a resistance. Having in mind that the price decreased its intensity after interacting with the pink line, we could expect the price to decrease again, for example, to the 0.89486 support or even to the blue support at 0.89045. Furthermore, there is a small bearish divergence between the price and the stochastic oscillator, which supports the bearish correction. Moreover, the stochastic oscillator is about to enter the 100-80 zone and to signalize for an overbought market. On the other hand, we should not forget that there is a big and confirmed double bottom formation here (green), which is likely to send the price higher and higher. On its way up, the price might meet the resistances at 0.90367 and 0.90825.
AUDUSD:

The Aussie broke through the purple bearish line from April 10, which rapidly decreased the bearish expectations in some way. The price even broke the resistance at 0.93787 and currently the price is testing it as a support. Having in mind the break through the purple bearish line, we might expect the price to decrease to the same line and to test it as a support before any further bullish activity. At the same time, the stochastic oscillator gives a clear signal for an overbought market, which supports the eventual decrease. If the price breaks through the 0.93787 support, it might reach the purple bearish line as a support, or even the 0.92027 support again. If the price bounces in bullish direction, the crucial level would be resistance at 0.94580, which indicates the 6-months high of the price.
XAUUSD:

The price has been moving in a bearish corridor recently. The beginning of the corridor was set by a small top on March 23. This bearish corridor brought the price through the 1268.56 support on May 25, which set a second bottom and the lower level of the corridor respectfully. Currently, the price is moving toward the upper level of the corridor and it is about to reach it in the next few days. During the interaction with the upper level of the corridor we should be careful for a break or a bounce, because, as we see, the tests of the upper level of the corridor are much more intense than the tests of the lower level. The more likely outcome would be a bearish bounce from the upper level of the corridor. Furthermore, the stochastic oscillator gives signals for an overbought market. If the price bounces from the upper level of the corridor an interaction with the supports at 1268.56 and 1230.82 is likely to occur.

Disclaimer: Data, information, and material (“content”) is provided for informational and educational purposes only. This material neither is, nor should be construed as an offer, solicitation, or recommendation to buy or sell any Forex or CFD contracts. Any investment or trading decisions made by the user through the use of such content is solely based on the users independent analysis taking into consideration your financial circumstances, investment objectives, and risk tolerance. Neither FxMars.com nor any of its content providers shall be liable for any errors or for any actions taken in reliance thereon

fxmars · 23.06.2014

Week Ahead 22nd June Technical Analysis from FXMars

Posted by fxmars.com
EURUSD:

It looks like the price attempts to break the upper level of the orange bearish corridor from May 12. The last two candles of the price are a bit above the upper level, which creates the impression that the price might change its direction. At the same time, the stochastic oscillator is in a bearish divergence with the chart of the price, because it forms higher tops and bottoms, which is the second bullish signal we get. On the other hand, the big double top formation with tops from March 13 and May 8 is still not fully completed and it has about 30 more bearish pips to take. Such decrease would almost perfectly touch the bullish line which connects the bottoms from July 2012 and July 2013. For this reason, the current interaction with the upper level of the orange bearish corridor is crucial for the further movement of the price. A certain break through the orange level would probably change the direction of the price and it might reach the 1.36711 resistance, the already broken blue bearish trend line from 2008 and even the purple bearish line from March.
USDJPY:

With its last two bottoms the price created a bullish trend line, which in a combination with the line connecting the tops from May 12 and June 4, forms a bullish corridor. If the lower level of the corridor manages to support the price we would probably see the price reaching the resistance at 102.770 and maybe the upper level of the orange bullish corridor. At the same time, the stochastic oscillator is in a convergence with the bullish corridor, which gives additional strength to the bullish scenario. If the price breaks through the lower level of the orange corridor, we would probably see the price interacting with the support at 101.197 and eventually the further support at 100.756.
GBPUSD:

The current bullish movement of the price brought the Cable to test the area around 1.70475, which indicates the 5-years high of the pair. The increase of the price to this level happened in something like a small rising wedge formation, which according to the wedge rules should be about to break in bearish direction at any time. Furthermore, the stochastic oscillator gives a clear signal for an overbought market. These three bearish signs create the impression, that the Cable might not break its 5-years high. If the price bounces in bearish direction, we would expect it to interact eventually with the support at 1.68377 and why not with the 1.67214 support.
USDCHF:

As we have already mentioned, the situation here is pretty similar to the EUR/USD currency pair with the difference that the chart is a mirrored image to the Euro-Dollar and the double bottom formation here has more bullish pips to take – about 100 pips. As by the EUR/USD pair the price is attempting a break through the lower level of the bullish corridor from May 12 and again there is a bearish divergence between the chart of the Swissy and the stochastic oscillator, which supports the eventual bearish movement. If the price does a certain break through the lower level of the corridor, it might drop to the support at 0.88618, which indicates the neck line of the smaller double bottom formation (purple).
AUDUSD:

After breaking through the purple bearish trend line from April 10, the price returned to the same line and tested it as a support, which is an indication for a potential change in the bearish trend. When increasing, the price almost reached the 0.94580 level, which indicates the 4-months high of the price. A break through this level would confirm an eventual continuation of the bullish increase. At the same time, the price has been following a bullish trend line (orange) since May 29. The movement of the stochastic oscillator matches with the current movement of the price, which makes the bulls even stronger. If the price breaks through the resistance at 0.94580, it would make a 7-months high, which would indicate that the price would eventually seek for further tops.
XAUUSD:

As signalized from the bullish divergence (yellow) between the chart of the gold and the stochastic oscillator, the price did a sharp bullish break through the upper level of the blue bearish corridor from March 21. The increase of the price reached the level of 1321.88, which currently plays the role of a potential resistance of the price. After the increase, the price opened a bearish candle, which speaks of a potential rebound. As we all know after a break of a certain level, the price might eventually return to test it as a support, so a return to the upper level of the corridor and a test as a support is possible. Another support, which the price could meet, is the level at 1268.56. On the other hand, a break through the 1321.88 resistance might bring the price to the already broken purple bullish trend line from January 5.

Disclaimer: Data, information, and material (“content”) is provided for informational and educational purposes only. This material neither is, nor should be construed as an offer, solicitation, or recommendation to buy or sell any Forex or CFD contracts. Any investment or trading decisions made by the user through the use of such content is solely based on the users independent analysis taking into consideration your financial circumstances, investment objectives, and risk tolerance. Neither FxMars.com nor any of its content providers shall be liable for any errors or for any actions taken in reliance thereon

fxmars · 30.06.2014

Week Ahead 29th June Technical Analysis from FXMars

Posted by fxmars.com
EURUSD:

The break through the orange bearish corridor from May 12 is certain. After the price has been following the bullish trend line from June 12, the pair was brought through the upper level of the corridor. The price is about to reach the already broken 1.36711 neck line of the big double top formation as a resistance. Having in mind that the stochastic oscillator has almost reached the 100-80 area and it is about to give a signal for an overbought market, we have a reason to believe that the price might bounce from the 1.36711 resistance, which on the other hand might resume the already interrupted bearish activity.
USDJPY:

After interacting with the 102.770 resistance (green), on its way down, the price created a second shoulder and broke through the neck line (orange) of the small head and shoulders (green) formation with shoulders from May 27 and June 18. The price has almost reached the support at 101.197 and it has completed only about 50% of the potential movement of the already confirmed head and shoulders formation. For this reason, we believe that the price might break through the 101.197 support and might decrease to the next support at 100,756, which connects the bottoms from February 4 and May 21. Of course, there might be a bullish correction after the price interacts with the 101.197 support.
GBPUSD:

After increasing to its 5-years high at 1.70475, the Cable scored a tiny decrease and another increase to the 5-years high appeared. Currently, the price is testing the 1.70475 resistance, which having in mind its age, it might not even get broken. At the same time, the stochastic oscillator is decreasing, which creates a bearish divergence between the bottoms of the Cable and the stochastic oscillator. For this reason, we believe that it is more likely for the price to bounce from the level, which indicates the 5-years high, and to start a decrease, which might reach the 1.68377 support.
USDCHF:

Like in the EUR/USD currency pair, the Swissy broke its corridor too. As we all know, the situation here is reflex to the EUR/USD, which means that the here the corridor from May 12 is bullish and the break is bearish through the lower level of the corridor. The price is still following the bearish trend line (green) from June 12, which is about to bring the price to the 0.88618 support. The stochastic oscillator is almost on into the 20-0 area, which means that we might get a signal for an oversold market soon. For this reason, like by the EUR/USD pair, we might see a change in the bearish direction soon – for example, after the price interacts with the 0.88618 resistance.
AUDUSD:

As we see, the price of the Aussie is testing again the resistance at 0.94347. At the same time, the last tops of the price are in a bearish divergence with the last tops of the stochastic oscillator, which speaks of an eventual decrease of the test phase on the 0.94347 resistance. Furthermore, the bullish increase of the price after the interaction with the 0.92027 support resembles a rising wedge formation, which as we all know, has bearish potential. Moreover, the stochastic oscillator has created a head and shoulders formation, which is about to get confirmed and to support the whole bearish scenario we just described. For this reason, we believe that the price would most likely change its direction and would eventually drop to the already broken bearish line (purple), which connects the tops from April 10 and May 14.

XAUUSD:

After breaking in bullish direction through the blue bearish corridor from March 21, the price increased with about 2.8% and reached the level of 1321.88, where it obviously found strong resistance. During the whole last trading week, the price has been consolidating around the 1321.88 resistance, but a certain break did not appear, which implies that the price might bounce in bearish direction. Suddenly, after getting into the 100-80 area, the stochastic oscillator’s lines interacted and the indicator is currently getting out of the 100-80 area, which speaks of an overbought market. For this reason, a decrease of the price to the already broken upper level of the blue bearish corridor looks authentic. We would also like to remind, that the interaction point between the already broken upper level of the blue bearish corridor and the 1268.56 support is pretty close in regards of time period. Might this be the next target of the price?

Disclaimer: Data, information, and material (“content”) is provided for informational and educational purposes only. This material neither is, nor should be construed as an offer, solicitation, or recommendation to buy or sell any Forex or CFD contracts. Any investment or trading decisions made by the user through the use of such content is solely based on the users independent analysis taking into consideration your financial circumstances, investment objectives, and risk tolerance. Neither FxMars.com nor any of its content providers shall be liable for any errors or for any actions taken in reliance thereon

fxmars · 08.07.2014

Week Ahead 6th July Technical Analysis from FXMars

Posted by fxmars.com
EURUSD:

After the break through the purple bearish corridor from May 15, the price continued its bullish movement after the orange bullish trend line from June 12, until it reached the already broken 1.36711 neck line of the big double top formation as a resistance. The certain test point matches with the area of the blue bearish trend line from 2008 (MN chart), which made the area stronger. A bearish bounce appeared afterwards and the price dropped to the 61.8% Fibonacci Level of the orange bullish trend. The stochastic oscillator follows the movement of the price, which supports the current bearish activity. If a break in the 61.8% Fibonacci level appears, we might see the price dropping to 1.35100, which is the 0.00% Fibonacci level. If a change in the stochastic oscillator appears, the price might get supported and a new increase to 1.36711 might follow.
USDJPY:

After the orange bearish trend line from June 5 brought the price to the 101.197 support, the price bounced in bullish direction and the orange trend got broken, which happened right after the stochastic oscillator gave a signal for an oversold market. For this reason, we believe that the price would probably do another increase either to the 102.770 resistance or at least to the purple bearish line from January 2. Having in mind that the stochastic is about to give a signal for an overbought market, we might expect the price to create a correction, for example to the orange bearish line.
GBPUSD:

After breaking its 5-years high at 1.70475, the Cable increased with about 110 more pips and then appeared a decrease in the intensity of the bullish movement. At the same time, the stochastic oscillator gives us a signal for an overbought market, which creates the impression that a new resistance is formed. For this reason, it is likely for the price do a correction of the bullish movement to the orange line, which connects the last two bottoms of the price, to the already broken resistance at 1.70475, which currently plays the role of a support, and eventually to the lower level of the blue bullish corridor from November 2013.
USDCHF:

The bearish break through the bullish corridor from May 12 brought the price to the yellow bullish trend line from March 13. The Swissy was then supported and currently we follow an increase of the price, which is now testing the 0.89486 resistance – the neck line of the big double bottom formation with bottoms from March 13 and May 8. If the price breaks in bullish direction, the next resistances to be met are the lower level of the already broken purple corridor and eventually the 0.90367 resistance. The stochastic oscillator shows a high bullish intensity, which
AUDUSD:

The break through the orange bullish trend line from May 29 brought the Aussie to the 0.93196 support, which indicates the bottom of the price from June 17. As you see, the stochastic oscillator follows the exact movement of the price and it even gave us a signal for the upcoming break in the orange trend with creating a bearish divergence between itself and the last two tops of the price (blue). Having in mind that the price was supported by the level at 0.93196 and that the stochastic oscillator enters the area of the oversold market, we could state that an eventual increase of the price is expected. Potential resistances would be the already broken orange bullish trend and the level at 0.94347.
XAUUSD:

The bullish break through the blue bearish corridor from March 21 brought the price of the fold to the resistance level at 1331.38. The recent bullish movement, which led the price to the resistance, resembles a bullish corridor. At the same time, the stochastic oscillator has created a triangle which got broken in bearish direction. This is considered to be in a divergence with the recent movement of the price, which is the reason to believe that the orange corridor could break through the lower level. Furthermore, the price has already bounced from the 1331.38 resistance. For this reason, we believe that a decrease to the already broken upper level of the blue bearish corridor, or to the support at 1268.56 is possible
Disclaimer: Data, information, and material (“content”) is provided for informational and educational purposes only. This material neither is, nor should be construed as an offer, solicitation, or recommendation to buy or sell any Forex or CFD contracts. Any investment or trading decisions made by the user through the use of such content is solely based on the users independent analysis taking into consideration your financial circumstances, investment objectives, and risk tolerance. Neither FxMars.com nor any of its content providers shall be liable for any errors or for any actions taken in reliance thereon

fxmars · 14.07.2014

Week Ahead 13Th July Technical Analysis From Fxmars

Posted by fxmars.com
EURUSD:

On the D1 chart we see how the upper level of the orange bearish corridor from May 12 has been turned from a resistance into a support. After the break from June 25, the price was resisted by the blue bearish trend line from 2008 and created a top at 1.37000. After the bounce from the orange bearish line, the stochastic oscillator went out of the oversold market area and both the indicator and the price started increasing. For this reason, we believe that the price is likely to increase even more, where the potential resistances to be met are at 1.36711 and 1.37000.
USDJPY:

After bouncing from the 101.197 support at June 30, the price started increasing and it created a top at 102.215. The followed decrease reached again the 101.197 support, which is the current location of the price. After meeting this level again, the price demonstrated a decrease in its bearish intensity. Furthermore, the stochastic oscillator touched the area, which signalizes for an oversold market, and its two lines are about to cross in bullish direction, which supports the bullish idea caused by the 101.197 support. For this reason, an increase to 102.215 is likely to occur, and maybe to 102.770 afterwards.
GBPUSD:

After breaking through the top at 1.70475 on June 30, the Cable created a new high at 1.7180. Currently, the price is consolidating right under this level and the consolidation resembles a triangle, which speaks of an eventual move of the price. At the same time, the stochastic oscillator is testing its bullish trend line from May 15 and it seems like the stochastic is about to bounce in bullish direction. For this reason, we believe that the price would eventually break its last top at 1.7180 and would probably increase even more.
USDCHF:

After bouncing from the yellow bullish trend line from March 13, the price increased and reached the orange bearish trend line from June 5. The stochastic oscillator interacted with the area of the oversold market and the price started decreasing. The pair is now about to meet the yellow bullish trend line from March 13 again and the stochastic is about to enter the area of the oversold market. The orange bearish trend and the yellow bullish trend close a triangle, which is about to break. If the break is bullish, the price would probably meet the resistances at 0.89486 and 0.90367. If the break is bearish, the supports are at 0.88618 and 0.87453.
AUDUSD:

The bearish divergence between the last two tops of the price and the stochastic oscillator was satisfied and the price decreased again to the support at 0.93196. A bullish bounce occurred and the price was resisted again by the level at 0.94347. Having in mind that the 0.94347 resistance has already been broken in bullish direction, this is the level, which is likely to be broken again. Anyway, there are not any clear signals from the price for now. Consider the potential resistances of the price at 0.94347 and the last high of the price, and the potential supports at 0.93196, the already broken purple bearish trend from April 10, and the support at 0.92027.
XAUUSD:

The price has been moving in a slighter bullish corridor (orange), while meeting the resistance at 1331.38. Currently, the price of the Gold is testing the upper level of the bullish corridor and the stochastic oscillator is about to enter the overbought area. Furthermore, there is a bearish divergence between the tops of the stochastic and the price. For this reason, we believe that the price of the gold would decrease at least to the lower level of the orange bullish corridor, before taking any other direction.

Disclaimer: Data, information, and material (“content”) is provided for informational and educational purposes only. This material neither is, nor should be construed as an offer, solicitation, or recommendation to buy or sell any Forex or CFD contracts. Any investment or trading decisions made by the user through the use of such content is solely based on the users independent analysis taking into consideration your financial circumstances, investment objectives, and risk tolerance. Neither FxMars.com nor any of its content providers shall be liable for any errors or for any actions taken in reliance thereon

chocolate · 18.07.2014

Please, don't make new topic.

fxmars · 21.07.2014

Week Ahead 20Th July Technical Analysis From Fxmars

Posted by fxmars.com
EURUSD:

During the last week, the price was moving in bearish direction and on Thursday it reached the 1.35100 support, which matches with the purple bullish line from July 2012. The interesting is that the other two bottoms, which lie on the purple bullish line, are from July 2012 and July 2013. Currently, it is July 2014 and the price attempts a third bottom on the purple bullish line and at the same time, the price is testing the support at 1.35100. This gives additional strength to the level and it is likely to believe that an increase in the price might occur. At the same time, the stochastic oscillator is in the area for an oversold market and the two lines are just crossing in bullish direction. For this reason, we believe that a bullish bounce and a new bullish increase would be the typical scenario in this case.
USDJPY:

The price reached again the 101.197 support on Thursday and it bounced in bullish direction on Friday. We remind that his is a strong support, which has stood the pressure of the price for about 8 times. We also remind that sometimes, the price breaks the 101.197 support and decreases to the next support at 100.756. In this manner we mention, that the stochastic oscillator’s behavior is not very bullish and such decrease might occur. On the other hand, if a bullish increase occurs, the price would eventually meet as a resistance the purple bearish line from January 2 and eventually the 102.770 resistance.
GBPUSD:

During its last consolidation after creating a high at 1.71849, the price reached as a support the lower level of the blue bullish corridor from the end of September 2013. Currently, the price demonstrates a decrease of its bearish intensity after meeting the corridor as a support, which creates the idea of an eventual bullish movement. But, if we take a closer look, we notice that there is an obvious divergence between the bottoms of the chart of the Cable and the stochastic oscillator, which speaks of the opposite scenario. Furthermore, the two lines of the stochastic are acting pretty strange lately and there isn’t any bullish signal from it. If the price increases, it would eventually meet the 1.71849 level as a resistance again. A break in the lower level of the blue bullish corridor might drop the price to 1.68377.
USDCHF:

After breaking the blue bearish trend line from June 5 and testing it as a support afterwards, it looks like the Swissy is aiming for the level of 0.90367, which indicates the beginning of the blue bearish trend. The resistance at 0.89486 was easily overpowered and the price continued its bullish movement. On Thursday the price closed a bearish candle, which indicates that the bears are not out of the game. Furthermore, the stochastic oscillator has entered the area of an overbought market and it is now attempting a cross of its lines, which would give us a bearish signal. For this reason, we believe that the price might test the already broken resistance at 0.89486 as a support, which could be the expected correction of the bullish movement.
AUDUSD:

After reaching the 0.93196 support for third time, the price bounced in bullish direction and now it looks like the Aussie is heading for the resistance at 0.94347. At the same time, the stochastic oscillator forms a double bottom formation, which is about to get confirmed with a break in the neck line (red). The formation is visible on the chart too, but it is not as clear as on the stochastic oscillator. In this case it is likely the break in the neck line of the stochastic to happen at the same time with the eventual break in the 0.94347 resistance. In such scenario, the price would eventually strike for the top at 0.95000 and could even reach new high.
XAUUSD:

With bouncing again from the orange bullish line from June 3, the price of the gold confirmed the line to be a bullish trend. With the bounce from the orange bullish trend line, the stochastic oscillator did a rapid break out of the area, which signalizes for an oversold market and this confirmed the potential bullish movement. For this reason, we believe that the price would eventually reach the 1331.38 resistance again. Having in mind that during its last interaction with this resistance the price did a bullish break (red circle) and it was above 1331.38 for couple of days, we believe that a new break in this level might occur. In such case, the price could even reach the already broken purple bullish trend line from January 5, as a resistance.

Disclaimer: Data, information, and material (“content”) is provided for informational and educational purposes only. This material neither is, nor should be construed as an offer, solicitation, or recommendation to buy or sell any Forex or CFD contracts. Any investment or trading decisions made by the user through the use of such content is solely based on the users independent analysis taking into consideration your financial circumstances, investment objectives, and risk tolerance. Neither FxMars.com nor any of its content providers shall be liable for any errors or for any actions taken in reliance thereon

Platoon · 21.07.2014

Смысл понятен.
Но непонятно как обсуждать (критиковать, предлагать, посылать)?
На аглицком?
На русском? Наверное, автор не поймет.
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Юлия · 21.07.2014

Абсолютная глупость, Platoon. Что вас так всех смущает другой язык? Ответьте на русском, если есть, что сказать. Это же не ваша проблема, что он вас не поймет.
Форум - это место для общения. и любым трейдерам мы рады!

fxmars · 29.07.2014

Week Ahead 27Th July Technical Analysis From Fxmars

Posted by fxmars.com
EURUSD:

After creating its last top, the price let us draw a bearish corridor (yellow), which set its beginning on April 22. After its last bounce from the upper level of the corridor, the followed bearish movement brought the price through the 1.35100 resistance, which indicates the bottom from June 12 and through the purple bullish trend line from July 2012. This created the idea of an eventual continuation of the bearish movement and the eventual creation of new lows. After all, we remind that currently the price is on an 8-months low. At the same time, the stochastic oscillator gives very clear signals for an oversold market, which creates the idea that an eventual correction to the upper level of the yellow bearish corridor might appear during the upcoming week.
USDJPY:

After its last interaction with the 101.197 support, the price started increasing and it confirmed a double bottom formation (green), with interrupting its red neck line. At the same time, the stochastic oscillator confirmed a double bottom formation too and it entered the area of the oversold market afterwards. For this reason, we believe that the price might do a correction before starting moving after the already confirmed double bottom formation. The price might reach the purple bearish line from the end of December 2013, or even the many times tested green resistance at 102.770. Anyway, the overall potential movement of the price is likely to be bullish.
GBPUSD:

After reaching the resistance at 1.71849, which indicates the 70-months high of the price, the Cable started decreasing and again it got out of the frames of the blue bullish corridor from September 2013. This makes us believe that the bullish intensity of the price has started decreasing and the price attempts to increase outside of the regular frames of the corridor. For this reason, we have connected the last two crucial bottoms of the price with a yellow bullish line, which we would take as a support in case of an eventual interaction of the price with it. On the other hand, the stochastic oscillator has just entered the area of the oversold market and its two lines might interact on Monday, if the price starts slowing down. Are we going to see a change in the direction of the price before an interaction with the yellow bullish line?
USDCHF:

After the Swissy confirmed its double bottom formation with bottoms from July 1 and July 14, the price continued its bullish increase and it even broke the last high of the price at 0.90367. We note that the recent bullish activity of the price was highly intensive and we assume that the time for a bearish correction might have come. At the same time, the stochastic oscillator is pretty explicit about the current condition of the market, because it gives us a clear signal for an overbought market. For this reason, we believe that the price might do a bearish correction, which could reach the support at 0.89486, or the yellow bullish trend line from March 13.
AUDUSD:

After the stochastic oscillator confirmed its double bottom formation, the price increased with about 70 pips and the Aussie interrupted the 0.94347 resistance. This could be interpreted as an indication for a continuation of the bullish activity (yellow bullish trend from May 21). Currently, the price shows some bearish activity, which would eventually reach the yellow bullish trend line for a test. At the same time, the stochastic oscillator gave us a signal for an overbought market, which supports the return to the yellow bullish trend. An eventual bounce from this trend is likely to send the price to its last high at 0.95070 and a bullish break could even appear.
XAUUSD:

There was a bearish break in the yellow bullish trend line from June 03 on Thursday. We remind that we got a signal for an eventual break via the bearish divergence between the stochastic oscillator and the chart. After the break in the yellow bullish trend, the price did a return to test the already broken trend as a resistance on Friday. Currently, the price is located on the underside of the trend line. If a bearish bounce appears, the price is likely to test the red support, which indicates the last bottom of the price after the break. If this happens, we would observe a potential change of the trend scenario. If the price renews its bullish activity, we would have the 1331.38 resistance as a neck line of a formation, which resembles inverted head and shoulders (green). This formation has the potential to send the price to new highs.
Disclaimer: Data, information, and material (“content”) is provided for informational and educational purposes only. This material neither is, nor should be construed as an offer, solicitation, or recommendation to buy or sell any Forex or CFD contracts. Any investment or trading decisions made by the user through the use of such content is solely based on the users independent analysis taking into consideration your financial circumstances, investment objectives, and risk tolerance. Neither FxMars.com nor any of its content providers shall be liable for any errors or for any actions taken in reliance thereon

fxmars · 04.08.2014

Week Ahead 3rd August Technical Analysis From Fxmars

Posted by fxmars.com
EURUSD:

During the last week the price broke in bullish direction the pink bearish trend line from July 10. This happen after the price created a bottom at 1.33634. At the same time, the stochastic oscillator broke its green descending triangle in bullish direction, which got the indicator out of the oversold area. It also confirmed a double bottom formation (blue) with breaking its neck line (red) in bullish direction. As you see, these are four bullish signals that speak of an eventual increase of the price. For this reason, we expect the price to increase at least to the resistance at 1.35104. We could also follow the Fibonacci retracement, because the whole bullish movement might appear to be a retracement rather than a change in the trend.
USDJPY:

After the rapid increase of the price during the last trading week, the price reached the purple resistance around 103.000 and then it bounced in bearish direction. At the same time, the stochastic oscillator got out of the area of the overbought market, which supports the eventual bearish decrease. Furthermore, there is a bearish divergence (blue) between the last two tops of the price and the stochastic oscillator, which signalizes of the eventual drop too. For this reason, we expect a decrease of the price, which could even reach the many times tested support at 101.228.
GBPUSD:

After moving in the purple bearish corridor from July 14, the price increased its intensity and did a bearish break through the lower level of the corridor. This speaks of an eventual decrease of the price at least to the level 1.67337. At the same time, the stochastic oscillator has entered in the area of the oversold market and it is about to get out of it in bullish direction. For this reason, we admit that the price could do an eventual bullish correction, which could test the already broken lower level of the purple corridor as a resistance.
USDCHF:

Again, the Swissy demonstrates the same mirror image behavior to the EUR/USD currency pair. The price got our of its rising wedge formation in bearish direction, which speaks of an eventual decrease. The stochastic oscillator got in the area of the overbought market and broke its ascending triangle in bearish direction, which supports the eventual bearish activity. At the same time, we see the blue double top formation on the stochastic oscillator, which is already confirmed, again, as a confirmation of the bearish potential. For this reason, we believe that the price would eventually decrease to the blue bullish trend line from May 8.
AUDUSD:

The last decrease of the price of the Aussie reached the already broken green bearish trend line from April 10 as a resistance. As you see, after meeting with this level, the price demonstrated a decrease in its bearish intensity. at the same time, the stochastic oscillator attempts an out of the area of the oversold market, which speaks that the already broken green bearish trend line might appear to be a strong support. For this reason, we could expect the price to do a bullish increase through the 0.93304 resistance, but after all we should not forget that on D1 there is a confirmed head and shoulders formation (blue), where the broken neck line is the 0.93304 level. For this reason, we believe that the overall potential of the price is basically bearish.
XAUUSD:

The falling wedge formation from June 25 (purple) brought the price to test the 1279.72 support, which speaks of an eventual bullish break through the falling wedge formation. Such scenario would satisfy the potential of the falling wedge formation. At the same time, the stochastic oscillator is about to interact with the are of the oversold market, which would support the eventual bullish scenario. Having in mind that the price has already bounced from the 1279.72 support, this looks like a pretty possible alternative for the gold.
Disclaimer: Data, information, and material (“content”) is provided for informational and educational purposes only. This material neither is, nor should be construed as an offer, solicitation, or recommendation to buy or sell any Forex or CFD contracts. Any investment or trading decisions made by the user through the use of such content is solely based on the users independent analysis taking into consideration your financial circumstances, investment objectives, and risk tolerance. Neither FxMars.com nor any of its content providers shall be liable for any errors or for any actions taken in reliance thereon

fxmars · 12.08.2014

Week Ahead 10th August Technical Analysis From Fxmars

Posted by fxmars.com
EURUSD:

After the second interaction with 1.33634 and the little break through that level, the price bounced in bullish direction and it is currently moving toward the upper level of the blue bearish corridor from April 21. The stochastic oscillator is currently changing its direction from bearish to bullish. At the same time, there is an obvious bullish divergence between the last two bottoms of the chart and the stochastic oscillator. For this reason, we believe that the price is doing a correction, which would eventually reach the upper level of the blue bearish corridor.

USDJPY:

After its last interaction with the orange resistance at 102.725, the price started decreasing faster than usual. We remind that a signal for this was the bearish divergence between the last two tops of the stochastic oscillator and the chart. Furthermore, the current decrease of the price could be interpret as a rebound of the previous bullish activity. The stochastic oscillator broke its isosceles triangle in bearish direction, which supports the bearish movement of the price. For this reason, we believe that the price would eventually reach the many times tested support at 101.228.

GBPUSD:

After the price met the 1.68105 support again, we saw a Doji candle, and a correction of the bearish tendency to the purple bearish trend line from July 15. The price bounced in bearish direction from the purple bearish trend line and it broke the already mentioned support at 1.68105. At the same time, the stochastic oscillator did a bearish cross of its two lines, which supports the current bearish movement. For this reason, we believe that the price would meet at least the support at 1.67337, and eventually the next one at 1.66855. Do not forget that the stochastic oscillator might enter the oversold area at any time, which would give us the opposite signal.

USDCHF:

After the Swissy interacted for second time with the resistance at 0.91055, the price did a quicker drop and it broke the yellow neck line of the small double top formation with tops from July 30 and August 6. This confirmed that the double top formation is authentic and a further bearish movement is likely to occur. Currently, the price is testing the support at 0.90317, but having in mind that the price is moving toward its blue bullish trend line, and the fact that the double top formation is confirmed, we believe that the support would be broken soon and the price would fully complete its double top formation.

AUDUSD:

The Aussie keeps moving in bearish direction after the already confirmed big head and shoulders formation (blue). The price even broke the support at 0.93304 and decreased to the already broken green bearish trend line from April 10, which is currently being tested as a support. The price has completed about 2/3 of the potential bearish movement of the already confirmed head and shoulders formation and we believe that it would fully complete the formation. Having in mind that the green bearish trend is being tested as a support now, we believe that the price might correct to the level of 0.93304 and to test it as a resistance before any further bearish activity.

XAUUSD:

The price of the gold broke in bullish direction its green falling wedge formation from July 15. The price has already completed about 3/4 of the bullish potential of the formation after the break, so another increase might occur. This could actually happen after a bearish correction of the price, because, as we see, the stochastic oscillator is about to enter the area of the overbought market. Furthermore, the last bullish movement of the price is currently slowing down. After an eventual bearish correction, the price could hop in bullish direction with new strength and could complete the bullish potential of the already broken falling wedge formation. The next resistance of the price

Disclaimer: Data, information, and material (“content”) is provided for informational and educational purposes only. This material neither is, nor should be construed as an offer, solicitation, or recommendation to buy or sell any Forex or CFD contracts. Any investment or trading decisions made by the user through the use of such content is solely based on the users independent analysis taking into consideration your financial circumstances, investment objectives, and risk tolerance. Neither FxMars.com nor any of its content providers shall be liable for any errors or for any actions taken in reliance thereon

fxmars · 18.08.2014

Week Ahead 17th August Technical Analysis From Fxmars

Posted by fxmars.com
EURUSD:

As we see, after the interaction with the support at 1.33231, the price has broken the orange bearish trend line from July 10. At the same time, we see that this happens after the creation of the light blue bullish divergence between the bottoms of the price and the stochastic oscillator. Furthermore, the stochastic oscillator has created an ascending triangle, which, as we all know, has the potential to break in both directions. Having in mind the signs, which we already discussed, we assume that the break is most likely to be in bullish direction through the upper level of the triangle. If this happens, we could use such signal for a trigger of a long position. This could bring the price to the already broken support at 1.35100 in order to be tested as a resistance.
USDJPY:

After the last decrease of the price, we witnessed a correction, which brought the price to the yellow bearish trend line from July 30 and the resistance at 102.700. The price bounced in bearish direction afterwards. At the same time, the stochastic oscillator interacted with the area of the overbought market and it is currently attempting a cross of its two lines, which gives us another bearish signal. For this reason, we believe that a new decrease of the price is likely to happen. This could bring the price to the many times tested support at 101.197.
GBPUSD:

The purple bearish corridor from July 15 has decreased the Cable to the support at 1.66552, which is the current location of the price. At the same time, the price is testing the lower level of the purple bearish corridor, which brings an additional support to the price. Moreover, we have the stochastic oscillator, which is currently in the area of the oversold market. Also, we see a hammer candle, which also speaks of an end of the bearish activity. In total, these are four bullish signals. For this reason, we believe that the price would increase to the upper level of the purple bearish corridor and having in mind the many bullish signals, we might also see a bullish break.
USDCHF:

After the break through the neck line at 0.90367, the Swissy has confirmed the small head and shoulders formation (green). At the same time, after it entered the area of the overbought market, the stochastic oscillator broke its blue bullish line in bearish direction and then it has tested it as a resistance, which supports the eventual bearish movement. We should not forget that in order to complete the head and shoulders formation, the price should go beyond the yellow bullish trend line from May 8. If a break in the yellow bullish trend line occurs, we might see the price reaching the support at 0.89485. If the price bounces from the yellow bullish trend line, the next resistance to be met is the last high of the price at 0.91181.
AUDUSD:

After the confirmation of the green head and shoulders formation, the price tested the already broken purple bearish trend line from April 10 as a support. The followed bounce brought the price to the already broken 0.93195 neck line of the head and shoulders formation in order to test it as a resistance. At the same time, the stochastic oscillator is about to enter the area of the overbought market, which would give us a bearish signal. Furthermore, the resistance at 0.93195 is expected to slow down the bullish movement of the price. After all, we should not forget that the price of the Aussie should at least reach the support at 0.92027 in order to consider the already confirmed head and shoulders formation as completed
XAUUSD:

After the bullish divergence between the bottoms of the price and the stochastic oscillator, the price did a bullish break through the orange-blue falling wedge formation. The price increased and the two tops after the break have confirmed the upper level of a bearish corridor from July 10. As we see, after the bullish potential of the wedge was completed, the price has bounced from this level, which speaks of an eventual decrease to the lower level of the corridor. At the same time, the stochastic oscillator got out of the area for an overbought market and it is currently supporting the eventual decrease of the price, which could reach either the already broken upper level of the wedge as a support, or the support at 1268.56, or the both level at once.

Disclaimer: Data, information, and material (“content”) is provided for informational and educational purposes only. This material neither is, nor should be construed as an offer, solicitation, or recommendation to buy or sell any Forex or CFD contracts. Any investment or trading decisions made by the user through the use of such content is solely based on the users independent analysis taking into consideration your financial circumstances, investment objectives, and risk tolerance. Neither FxMars.com nor any of its content providers shall be liable for any errors or for any actions taken in reliance thereon

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