The UK100 Index, on the H4 chart, was in a downward path until the 3rd of June when a lower bottom was recorded at 7081.2. Demand overwhelmed supply and the downward momentum was interrupted. After the bottom at 7081.2, the market broke through the 15 and 34 Simple Moving Averages and the Momentum Oscillator pierced the zero baseline into positive territory....
The USDJPY currency pair on the Daily Chart has been in a downtrend since 24 April 2019 when it registered the high price at 112.4. On 5 June 2019, the USDJPY currency pair recorded the low price of 107.816. 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...
On the 14th of May a scenario was discussed where the Crude Oil market might be gaining downward momentum. This was because, following a recent uptrend, the price broke through the 15 and 34 Simple Moving Averages with the Momentum Oscillator breaking the zero baseline, both confirming that a possible technical reversal might be in progress. The price...
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. On 5 June 2019, the NZDUSD currency pair recorded the high price of 0.66449. 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 SP500 Index, on the H1 chart, was in a downward path until the 9th of May when a lower bottom was recorded at 2833.8. Demand overwhelmed supply and the downward momentum was interrupted. A closer look revealed that the Momentum Oscillator displayed positive hidden divergence between point a and b compared to the price at 2896.0 and 2886.8. This could have...
The EUR/USD currency pair, on the H4 time-frame, was in a range with no clear market direction from the 2nd of May when a top was recorded at 1.12191. Neither demand nor supply could build any momentum with buyers and sellers in balance. This was confirmed when the price oscillated around the 15 and 34 Simple Moving Averages as well as the Momentum Oscillator...
On the 7th of May a scenario was discussed where the Crude Oil market might be gaining downward momentum. This was because, following a recent uptrend, the price broke through the 15 and 34 Simple Moving Averages with the Momentum Oscillator breaking the zero baseline, both confirming that a possible technical reversal might be in progress. A critical support...
The EUR/JPY currency pair, on the H4 chart, was in a downtrend until the 9th of May when a lower bottom was recorded at 122.489. Demand overwhelmed supply and buyers started to find the price attractive. A closer look revealed that the Momentum Oscillator displayed positive divergence between point a and b compared to the price at 123.374 and 122.489. This could...
The SP500 Index, on the H4 time-frame, was in a downtrend until the 13th of May when a lower bottom was recorded at 2797.8. Buyers found the price attractive and demand overcame supply. A closer look revealed that the Momentum Oscillator displayed positive hidden divergence between point a and b compared to the price at 2890.4 and 2858.8. This could have...
The USD/JPY currency pair, on the D1 time-frame, was in an upward path until 24th of April when a higher top was recorded at 112.400. Supply pressure overwhelmed the demand in the market as sellers started to find the price attractive, causing the upward momentum to be disrupted. A closer look revealed that the Momentum Oscillator displayed negative divergence...
The SP500 Index, on the D1 time-frame, was in an upward move until the 1st of May when a higher top was recorded at 2958.2. Sellers found the price attractive at that level and supply overwhelmed demand. A closer look revealed that the Momentum Oscillator displayed negative divergence between point a and b compared to the price at 2917.8 and 2958.2. This could...
The AUD/USD currency pair, on the H4 time-frame, was in a downtrend until the 23rd of May when a lower bottom was recorded at 0.68650. 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 0.68650 and 0.68650, which also...
The EUR/GBP currency pair, on the H4 time-frame, was in an upward path until 24th of May when a higher top was recorded at 0.88504. Supply pressure overwhelmed the demand in the market as sellers started to find the price attractive, causing the upward momentum to be disrupted. After the high at 0.88504, the price broke through the 15 and 34 Simple Moving...
The Gold Market, on the H4 chart, was in a downtrend until the 2nd of May when a lower bottom was recorded at 1266.389. Buyers found the price attractive and demand started overwhelming supply. The price broke through the 15 and 34 Simple Moving Average and the Momentum Oscillator breached the zero baseline into positive territory, both clues that a possible...
The EUR/USD currency pair, on the H4 time-frame, was in a downward move from the 27th of May until the 30th of May when a lower bottom was registered at 1.11160. Buyers found the price attractive and demand overcome supply with five bullish candles pushing the price through the 15 and 34 Simple Moving Average and the Momentum Oscillator breaking the zero baseline...
The USD/CHF currency pair on the 4-hour time frame has been following a downtrend recently. The price dipped below key support level of 0.99100 on 4 June to reach the lowest level of period under study at 0.99050. The price action in the USD/CHF is mainly driven by the strength in the Swiss Franc. The 4-hour chart of the USD/CHF confirms the negative sentiment in...
The GBPUSD currency pair on the 4 Hours Chart has been in an uptrend since 31 May 2019 when it registered the low price at 1.25591. On 4 June 2019, the GBPUSD currency pair recorded the high price of 1.26747. 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 Cure Oil on the 4-hour time frame has been following a downtrend recently. The price dipped below key support level of 53.00 on 2 June to reach the lowest level of period under study at 52.13. The price action in the Crude Oil is mainly driven by the uncertainty in the global economy. The 4-hour chart of the Cure Oil confirms the negative sentiment in the...