The EUR/JPY currency pair, on the H4 time-frame, was in a down trend until the 25th of July when a lower bottom was recorded at 120.052. Demand overwhelmed supply and the downward momentum was annulled. A closer look revealed that the Momentum Oscillator displayed positive divergence between point a and b compared to the price at 120.207 and 120.052. This could...
The AUDUSD currency pair on the 4 Hours Chart has been in a downtrend since 18 July 2019 when it registered the high price at 0.70820. On 26 July 2019, the AUDUSD currency pair recorded the low price of 0.69030. 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 EURUSD currency pair on the Daily Chart has been in a downtrend since 25 June 2019 when it registered the high price at 1.14122. On 25 July 2019, the EURUSD currency pair recorded the low price of 1.11014. 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 downtrend until the 22nd of July when a lower bottom was recorded at 0.98041. Buyers found the price to be of good value and demand overcame supply. After the bottom at 0.98041 the market broke through the 15 and 34 Simple Moving Average and the Momentum Oscillator broke the zero baseline into bullish...
The NZDUSD currency pair on the Daily Chart has been in an uptrend since 23 May 2019 when it registered the low price at 0.64818. Subsequently, the price displayed a series of higher tops and higher bottoms. On 19 July 2019, the NZDUSD currency pair recorded the high price of 0.67908. Applying Oscillator Analysis on the price chart, one can notice that price is...
The EUR/GBP currency pair, on the H4 time-frame, was in an uptrend until the 17th of July when a higher top was recorded at 0.90513. The bears found the price appealing and sellers overcame buyers. After the top at 0.90513 the market broke through the 15 and 34 Simple Moving Averages, the Momentum Oscillator pierced the zero baseline into bearish terrain and...
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. On 23 July 2019, the USDCAD currency pair recorded the high price of 1.31643. 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 USD/JPY currency pair, on the H4 time-frame, was in a downtrend until the 18th of July when a lower bottom was recorded at 107.211. The bulls found the price inviting and buyers overcame sellers. After the bottom at 107.211 the market broke through the 15 and 34 Simple Moving Averages and the Momentum Oscillator pierced the zero baseline into bullish...
The AUDUSD currency pair on the Daily Chart has been in an uptrend since 18 June 2019 when it registered the low price at 0.68320. Subsequently, the price displayed a series of higher tops and higher bottoms. On 19 July 2019, the AUDUSD currency pair recorded the high price of 0.70820. Applying Oscillator Analysis on the price chart, one can notice that price is...
As this market analysis report is for educational purposes, a previous possible scenario will be discussed. On the 8th of July 2019 a scenario in the Crude Oil market was considered where a possible new uptrend was in progress. The full analysis can be viewed at On the 10th of July the critical resistance level at 67.612 was indeed broken and a long position...
The USDCHF currency pair on the Daily Chart has been in a downtrend since 26 April 2019 when it registered the high price at 1.02378. Subsequently, the price displayed a series of lower tops and lower bottoms. On 25 June 2019, the USDCHF currency pair recorded the low price of 0.96942. Applying Oscillator Analysis on the price chart, one can notice that price is...
The EUR/GBP currency pair, on the H4 time-frame, was in an upward move until 17th of July when a higher top was recorded at 0.90514. Then supply overwhelmed demand as sellers started to find the price attractive. After the high at 0.90514, the price broke through the 15 and 34 Simple Moving Averages with the Momentum Oscillator breaking the zero baseline into...
The USDJPY currency pair on the 4 Hours Chart has been in a downtrend since 9 July 2019 when it registered the high price at 108.992. Subsequently, the price displayed a series of lower tops and lower bottoms. On 18 July 2019, the USDJPY currency pair recorded the low price of 107.212. Applying Oscillator Analysis on the price chart, one can notice that price is...
On 11 July 2019 the AUD/USD currency pair, on the D1 time-frame, was analyzed and the conclusion was that a possible new uptrend might be in the making. This was based on the occurrence of a positive divergence between point a and b compared to the price at 0.68647 and 0.68317 as well as the price breaking through 15 and 34 Simple Moving Average and then confirmed...
Crude Oil on the 4 Hours Chart has been in a downtrend since 15 July 2019 when it registered the high price at 60.862. Subsequently, the price displayed a series of lower tops and lower bottoms. On 17 July 2019, Crude Oil recorded the low price of 56.231. Applying Oscillator Analysis on the price chart, one can notice that price is trading below the SMA 60 period...
The USD/CAD currency pair, on the H4 time-frame, was in a downtrend until the 12th of July when a lower bottom was recorded at 1.30181. The bulls found the price inviting and demand overcame supply. After the bottom at 1.30181 the market broke through the 15 and 34 Simple Moving Averages and the Momentum Oscillator sliced through the zero baseline into bullish...
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 16 July 2019, the GBPUSD currency pair recorded the low price of 1.23964. Applying Oscillator Analysis on the price chart, one can notice that price is...
The EUR/USD currency pair, on the D1 time-frame, was in an upward move until the 25th of June when a higher top was recorded at 1.14122. Selling pressure overwhelmed buying pressure as the bears started to find the price attractive. A closer look revealed that the Momentum Oscillator displayed negative divergence between point a and b compared to the price at...