The USD/CAD currency pair, on the H4 time-frame, was in an upward move until the 20th of August when a higher top was recorded at 1.33459. Selling pressure overwhelmed buying pressure as the bears started to find the price attractive, causing the upward momentum to be reversed. A closer look revealed that the Momentum Oscillator displayed negative divergence...
The USDCHF currency pair on the 4 Hours Chart has been in an uptrend since 13 August 2019 when it registered the low price at 0.96600. Subsequently, the price displayed a series of higher tops and higher bottoms. On 21 August 2019, the USDCHF currency pair recorded the high price of 0.98311. Applying Oscillator Analysis on the price chart, one can notice that...
The AUD/NZD on the 4-hour time frame has been following an uptrend recently. The price broke above 1.06000 on 22 August. Bulls are pushing the price higher as key technical indicators are supporting the bullish trend. The price action in the AUD/NZD is mainly driven by the weakness in the NZ Dollar. As of writing, the price is hovering around 1.06060 with positive...
The UK100 Index, on the H4 time-frame, had downward momentum until the 15th of August when a lower bottom was recorded at 7035.9. The bulls found the price attractive and demand overcame supply. After the bottom at 7035.9 the market broke through the 15 and 34 Simple Moving Averages and the Momentum Oscillator broke the zero baseline into positive territory....
The GBPUSD currency pair on the 4 Hours Chart has been in an uptrend since 11 August 2019 when it registered the low price at 1.20154. On 20 August 2019, the GBPUSD currency pair recorded the high price of 1.21800. Applying Oscillator Analysis on the price chart, one can notice that price is trading above the SMA 60 period Moving Average line, a fact that confirms...
The USD/CAD on the 4-hour time frame has been following an uptrend recently. The price broke the key level of 1.33200 on 19 August. Bulls are pushing the price higher after a weak attempt from bears. The price action in the USD/CAD is mainly driven by the strength in the US Dollar. As of writing, the price is hovering around 1.33090 with positive MACD and price...
The Silver market, on the H4 chart, had upward momentum until the 13 of August when a higher top was recorded at 17.50924. News events cause a sudden bearish movement but sellers could not sustain the momentum and for a time there was a balance between demand and supply. After a lower top formed on 16 August, sellers finally overwhelmed buyers and the market...
The EUR/JPY on the 4-hour time frame has been following a downtrend recently. The price dipped below the key level of 118.00 on 20 August. Bears are pushing the price lower after a weak recovery attempt. The price action in the EUR/JPY is mainly driven by the weakness in the Euro. As of writing, the price is hovering around 118.020 as bulls are struggling to make...
Gold precious metal on the 4 Hours Chart has been in a downtrend since 15 August 2019 when it registered the high price at 1528.038. On 19 August 2019, Gold precious metal recorded the low price of 1493.058. Applying Oscillator Analysis on the price chart, one can notice that price is trading below the SMA 60 period Moving Average line, a fact that confirms the...
The EURUSD currency pair on the 4 Hours Chart has been in a downtrend since 12 August 2019 when it registered the high price at 1.12308. Subsequently, the price displayed a series of lower tops and lower bottoms. On 16 August 2019, the EURUSD currency pair recorded the low price of 1.10664. Applying Oscillator Analysis on the price chart, one can notice that price...
The NZD/JPY on the 4-hour time frame has been following a downtrend recently. The price dipped below the key level of 68.00 on 7 August to register the lowest level in more than 6 years at 67.588. As of writing, the price is hovering around 68.295 but struggling to make a substantial recovery. Bears are in full control of the market with negative MACD and RSI...
The USDCAD currency pair on the Daily Chart has been in an uptrend since 19 July 2019 when it registered the low price at 1.30161. On 15 August 2019, the USDCAD currency pair recorded the high price of 1.32856. Applying Oscillator Analysis on the price chart, one can notice that price is trading above the SMA 60 period Moving Average line, a fact that confirms the...
The EUR/CHF on the 4-hour time frame has been following a downtrend recently. The price broke below the key level of 1.08400 on 15 August to register the lowest level of period under study at 1.08366. As of writing, the price is hovering around 1.08676. Bears are in full control of the market with negative MACD and RSI below 50 level on the 4-hour chart. The...
The NZDUSD currency pair on the Daily Chart has been in a downtrend since 18 July 2019 when it registered the high price at 0.63778. On 7 August 2019, the NZDUSD currency pair recorded the low price of 0.67869. Applying Oscillator Analysis on the price chart, one can notice that price is trading below the SMA 60 period Moving Average line, a fact that confirms the...
The USD/CHF currency pair, on the H4 time-frame, was in a down trend until the 13th of August when a lower bottom was recorded at 0.96600. Demand overwhelmed supply and the downward momentum was invalidated. A closer look revealed that the Momentum Oscillator displayed positive divergence between point a and b compared to the price at 0.96818 and 0.96600. This...
The EURCHF currency pair on the Daily Chart has been in a downtrend since 23 April 2019 when it registered the high price at 1.14765. Subsequently, the price displayed a series of lower tops and lower bottoms. On 13 August 2019, the USDCHF currency pair recorded the low price of 1.08412. Applying Oscillator Analysis on the price chart, one can notice that price is...
The AUD/USD currency pair, on the H4 time-frame, was in a downward move until the 7st of August when a lower bottom was recorded at 0.66775. The bulls found the price attractive and demand overcame supply. A closer look revealed that the Momentum Oscillator displayed positive divergence between point a and b compared to the price at 0.67632 and 0.66775. This...
Crude Oil on the 4 Hours Chart has been in an uptrend since 7 August 2019 when it registered the low price at 50.479. Subsequently, the price displayed a series of higher tops and higher bottoms. On 12 August 2019, Crude Oil recorded the high price of 55.154. Applying Oscillator Analysis on the price chart, one can notice that price is trading below the SMA 60...