The following is a scenario about a typical Moving Average Spring Strategy scenario as it plays out. The EUR/USD currency pair, on the H4 time-frame, was in an upward path until 7th of June when a higher top was recorded at 1.13478. Supply pressure overwhelmed the demand in the market as sellers started to find the price attractive, causing the upward momentum to...
The USDCAD currency pair on the 4 Hours Chart has been in an uptrend since 9 June 2019 when it registered the low price at 1.32430. Subsequently, the price displayed a series of higher tops and higher bottoms. On 14 June 2019, the USDCAD currency pair recorded the high price of 1.34228. Applying Oscillator Analysis on the price chart, one can notice that price is...
The NZDUSD currency pair on the 4 Hours Chart has been in a downtrend since 07 June 2019 when it registered the high price at 0.66818. On 17 June 2019, the NZDUSD currency pair recorded the low price of 0.64886. 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 USD/CAD currency pair, on the H4 time-frame, was in a down trend until the 9th of June when a lower bottom was recorded at 1.32380. Buyers found the price attractive and demand overcame supply. After the bottom at 1.32380 the market broke through the 15 and 34 Simple Moving Average, the Momentum Oscillator broke the zero baseline into positive territory and...
The EUR/USD currency pair on the hourly time frame has been following a downtrend recently. The price fell below the key level of 1.13000 on 12 June to register a low of 1.12690. The price action in the EUR/USD is mainly driven by the recent weakness in the Euro. The hourly chart of the EUR/USD confirms the negative sentiment in the price movement as the pair is...
The AUD/CHF currency pair on the 4-hour time frame has been following a downtrend recently. The price fell below the key support level of 0.69000 on 13 June to register the lowest level of period under study at 0.68654. The price action in the AUD/CHF is mainly driven by the recent weakness in the Aussie Dollar. The 4-hour chart of the AUD/CHF confirms the...
The USDCHF currency pair on the 4 Hours Chart has been in an uptrend since 7 June 2019 when it registered the low price at 0.98595. Subsequently, the price displayed a series of higher tops and higher bottoms. On 12 June 2019, the USDCHF currency pair recorded the high price of 0.99595. Applying Oscillator Analysis on the price chart, one can notice that price is...
The Silver Market, on the D1 time-frame, was in a downward movement until the 28th of May when a lower bottom was recorded at 14.29720. Buyers found the price inviting and demand overpowered supply. A closer look revealed that the Momentum Oscillator displayed positive divergence between point a and b compared to the price at 14.40030 and 14.29720. This could...
The EUR/NZD currency pair on the 4-hour time frame has been following an uptrend recently. The price broke above the key resistance level of 1.72500 on 11 June to register the highest level of period under study at 1.72620. The price action in the EUR/NZD is mainly driven by the recent strength in the Euro. The 4-hour chart of the EUR/NZD confirms the positive...
The AUDUSD currency pair on the Daily Chart has been in a downtrend since 23 May 2019 when it registered the high price at 0.70222. On 7 June 2019, the AUDUSD currency pair recorded the low price of 0.69432. 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/JPY currency pair, on the H4 time-frame, was in a downward path until the 5th of June when a lower bottom was recorded at 107.815. Buyers started to enter the market with demand overcoming supply. After the bottom at 107.815 the market broke through the 15 and 34 Simple Moving Average, the Momentum Oscillator sliced through the zero baseline into...
The GBP/JPY currency pair on the daily time frame has been following a downtrend recently. The price fell below the key support level of 137.000 on 31 May to register the lowest level in 5 months at 136.658. The price action in the GBP/JPY is mainly driven by the weakness in the Pound Sterling. The daily chart of the GBP/JPY confirms the negative sentiment in the...
The USDCAD currency pair on the 4 Hours 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 9 June 2019, the USDCAD currency pair recorded the low price of 1.32430. Applying Oscillator Analysis on the price chart, one can notice that price is...
The Crude Oil market, on the H4 time-frame, was in a downward path until the 5th of June when a lower bottom was recorded at 60.472. The bulls found the price attractive and demand overwhelmed supply. After the bottom at 60.472 the market broke through the 15 and 34 Simple Moving Average, the Momentum Oscillator pierced the zero baseline into positive territory...
The EURUSD currency pair on the Daily Chart has been in an uptrend since 23 May 2019 when it registered the low price at 1.11071. On 7 June 2019, the EURUSD currency pair recorded the high price of 1.13478. 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/GBP currency pair on the 4-hour time frame has been following an uptrend recently. The price broke above the key level of 0.89000 on 10 June to register the highest level of period under study at 0.89018. The price action in the EUR/GBP is mainly driven by the strength in the Euro. The 4-hour chart of the EUR/GBP confirms the positive sentiment in the...
The GBP/USD currency pair, on the H4 time-frame, was in a downtrend until the 31st of May when a lower bottom was recorded at 1.25592. Buyers found the price attractive and demand overcame supply. After the bottom at 1.25592 the market broke through the 15 and 34 Simple Moving Average, the Momentum Oscillator sliced through the zero baseline into positive...
The USDCAD currency pair on the 4 Hours 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 7 June 2019, the USDCAD currency pair recorded the low price of 1.33462. Applying Oscillator Analysis on the price chart, one can notice that price is...