The USDCAD currency pair on the 4 Hours Chart has been in a downtrend since 7 August 2019 when it registered the high price at 1.33450. On 9 August 2019, the USDCAD currency pair recorded the low price of 1.31964. 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 EUR/USD currency pair, on the H4 time-frame, was in a downward move until the 1st of August when a lower bottom was recorded at 1.10269. The bulls found the price inviting and demand overcame supply. After the bottom at 1.10269 the market broke through the 15 and 34 Simple Moving Averages, although not very convincingly, and the Momentum Oscillator touched...
The AUDUSD currency pair on the 4 Hours Chart has been in an uptrend since 7 August 2019 when it registered the low price at 0.66775. On 8 August 2019, the AUDUSD currency pair recorded the high price of 0.68224. 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 USDCHF currency pair on the 4 Hours Chart has been in a downtrend since 31 July 2019 when it registered the high price at 0.99758. On 7 August 2019, the USDCHF currency pair recorded the low price of 0.96924. 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 EUR/JPY currency pair, on the H1 chart, gained upward momentum until the 6th of August when a higher top was recorded at 119.876. Sellers then overwhelmed buyers and the market started moving downwards. A closer look revealed that the Momentum Oscillator displayed negative divergence between point a and b compared to the price at 118.908 and 119.876. This...
The USDCAD currency pair on the 4 Hours Chart has been in an uptrend since 18 July 2019 when it registered the low price at 1.30161. Subsequently, the price displayed a series of higher tops and higher bottoms. On 7 August 2019, the USDCAD currency pair recorded the high price of 1.33154. Applying Oscillator Analysis on the price chart, one can notice that price...
With no good setup in sight for today, we will use a previous missed opportunity as a learning experience and discuss a possible reason why many missed it. The S&P500 market, on the H4 time-frame, was in an uptrend until the 26th of July when a higher top was recorded at 3025.8. After that the market could not find clear direction for a few candles until the...
The EURUSD currency pair on the 4 Hours Chart has been in an uptrend since 1 August 2019 when it registered the low price at 1.10269. On 5 August 2019, the EURUSD currency pair recorded the high price of 1.12496. 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 Crude Oil market, on the H4 chart, had upward momentum until the 31st of July when a higher top was recorded at 65.588. Sellers then overwhelmed buyers and the market started moving downwards. The price broke through the 15 and 34 Simple Moving Averages and the Momentum Oscillator broke the zero baseline into negative territory. This confirmed the...
The USDCHF currency pair on the 4 Hours Chart has been in a downtrend since 31 July 2019 when it registered the high price at 0.99758. On 5 August 2019, the USDCHF currency pair recorded the low price of 0.97754. 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...
Crude Oil on the Daily Chart has been in a downtrend since 11 July 2019 when it registered the high price at 53.530. On 1 August 2019, Crude Oil recorded the low price of 60.847. 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 downward direction of Black...
The Silver market, on the H4 chart, was in an uptrend until the 24th of July when a higher top was recorded at 16.65224. The market could then not find clear direction for a few days until the 30th of July, when sellers overwhelmed buyers and the market started moving downwards. The price broke through the 15 and 34 Simple Moving Averages, the Momentum...
Yesterday a possible bearish scenario was discussed in the USD/CAD currency pair () and we are going to review that today because a few good of lessons can be learned from it. The USD/CAD currency pair, on the H4 time-frame, was in an uptrend and the market gave clear signals that buyers could not push the price higher and that sellers started to come in and was...
The USDJPY currency pair on the 4 Hours Chart has been in an uptrend since 18 July 2019 when it registered the low price at 107.212. Subsequently, the price displayed a series of higher tops and higher bottoms. On 31 July 2019, the USDJPY currency pair recorded the high price of 109.320. Applying Oscillator Analysis on the price chart, one can notice that price is...
The USD/CAD currency pair, on the H4 time-frame, was in an uptrend until the 26th of July when a higher top was recorded at 1.31992. Supply overwhelmed demand and the upward momentum was negated. A closer look revealed that the Momentum Oscillator displayed negative divergence between point a and b compared to the price at 1.31640 and 1.31992. This could have...
The GBPUSD currency pair on the Daily Chart has been in a downtrend since 13 March 2019 when it registered the high price at 1.33822. Subsequently, the price displayed a series of lower tops and lower bottoms. On 30 July 2019, the GBPUSD currency pair recorded the low price of 1.21192. Applying Oscillator Analysis on the price chart, one can notice that price is...
The EUR/SGD currency pair, on the H4 time-frame, was in a down trend until the 25th of July when a lower bottom was recorded at 1.51634. Demand overwhelmed supply and the downward momentum was negated. A closer look revealed that the Momentum Oscillator displayed positive divergence between point a and b compared to the price at 1.51899 and 1.51634. This could...
The USDCHF currency pair on the 4 Hours Chart has been in an uptrend since 2 July 2019 when it registered the low price at 0.98041. Subsequently, the price displayed a series of higher tops and higher bottoms. On 26 July 2019, the USDCHF currency pair recorded the high price of 0.99464. Applying Oscillator Analysis on the price chart, one can notice that price is...