The NZDUSD currency pair on the 4 Hours Chart has been in an uptrend since 10 July 2019 when it registered the low price at 0.65688. Subsequently, the price displayed a series of higher tops and higher bottoms. On 16 July 2019, the NZDUSD currency pair recorded the high price of 0.67381. Applying Oscillator Analysis on the price chart, one can notice that price is...
On 12 July 2019 the EUR/USD currency pair, on the H4 time-frame, was discussed and the conclusion was that there is a possible new uptrend in the making. This was based on the interpretation of three technical analysis indicators and a candle pattern. The conclusion was in line with what technical analysis is all about, namely to study market action using price...
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 14 July 2019, the USDJPY currency pair recorded the low price of 107.800. Applying Oscillator Analysis on the price chart, one can notice that price is...
The EUR/USD currency pair, on the H4 time-frame, was in a downtrend until the 9th of July when a lower bottom was recorded at 1.11934. Buyers found the price attractive and demand overcame supply. After the bottom at 1.11934 the market broke through the 15 and 34 Simple Moving Average, 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 9 July 2019 when it registered the low price at 1.24397. On 11 July 2019, the GBPUSD currency pair recorded the high price of 1.25710. 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 AUD/USD currency pair, on the D1 time-frame, was in a down trend until the 18th of June when a lower bottom was recorded at 0.68317. Demand overwhelmed supply and the down momentum was negated. A closer look revealed that the Momentum Oscillator displayed positive divergence between point a and b compared to the price at 0.68647 and 0.68317. This could have...
Crude Oil on the Daily Chart has been in an uptrend since 5 June 2019 when it registered the low price at 50.542. Subsequently, the price displayed a series of higher tops and higher bottoms. On 11 July 2019, Crude Oil recorded the high price of 60.741. Applying Oscillator Analysis on the price chart, one can notice that price is trading above the SMA 60 period...
The S&P500 Market, on the H4 time-frame, was in an upward move until the 5th of July when a higher top was recorded at 3000. 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 between point a...
The NZDUSD currency pair on the 4 Hours Chart has been in a downtrend since 30 June 2019 when it registered the high price at 0.67292. Subsequently, the price displayed a series of lower tops and lower bottoms. On 10 July 2019, the NZDUSD currency pair recorded the low price of 0.65688. 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 a downtrend until the 4th of July when a lower bottom was recorded at 1.30374. The bulls found the price inviting and buyers overcame sellers. After the bottom at 1.30374 the market broke through the 15 and 34 Simple Moving Averages and the Momentum Oscillator sliced through the zero baseline into bullish...
The AUDUSD currency pair on the 4 Hours Chart has been in a downtrend since 4 July 2019 when it registered the high price at 0.70478. Subsequently, the price displayed a series of lower tops and lower bottoms. On 9 July 2019, the AUDUSD currency pair recorded the low price of 0.69546. Applying Oscillator Analysis on the price chart, one can notice that price is...
The Crude Oil Market, on the D1 time-frame, was in a down trend until the 12th of June when a lower bottom was recorded at 60.285. Buyers 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 60.472 and 60.285. This could have...
The EURUSD currency pair on the 4 Hours Chart has been in a downtrend since 25 June 2019 when it registered the high price at 1.14122. Subsequently, the price displayed a series of lower tops and lower bottoms. On 05 July 2019, the EURUSD currency pair recorded the low price of 1.12074. Applying Oscillator Analysis on the price chart, one can notice that price is...
The AUD/USD currency pair on the 4-hour time frame has been following an uptrend recently. The price broke above the key level of 0.70000 on 28 June to register the highest level of period under study at 0.70486. As of writing, the price is hovering around 0.70180. A decent bullish setup is in progress following the recent move. The price action in the AUD/USD is...
The USDCAD currency pair on the Daily Chart has been in a downtrend since 31 May 2019 when it registered the high price at 1.35650. Subsequently, the price displayed a series of lower tops and lower bottoms. On 04 July 2019, the USDCAD currency pair recorded the low price of 1.30378. Applying Oscillator Analysis on the price chart, one can notice that price is...
The USDJPY currency pair on the Daily Chart has been in a downtrend since 24 April 2019 when it registered the high price at 112.400. Subsequently, the price displayed a series of lower tops and lower bottoms. On 25 June 2019, the USDJPY currency pair recorded the low price of 106.780. Applying Oscillator Analysis on the price chart, one can notice that price is...
The XAUUSD on the 4-hour time frame has been following an uptrend recently. The price broke above the key level of $1430 on 2 July. As of writing, the price is hovering around $1425, near 5-month high of $1440 with positive MACD and RSI above 50. The price action in the Gold is mainly driven by the recent uncertainty in global economy and tensions between US and...
The USDCHF currency pair on the 4 Hours Chart has been in an uptrend since 25 June 2019 when it registered the low price at 0.96942. Subsequently, the price displayed a series of higher tops and higher bottoms. On 2 July 2019, the USDCHF currency pair recorded the high price of 0.98889. Applying Oscillator Analysis on the price chart, one can notice that price is...