The USDCHF currency pair on the Daily Chart has been in an uptrend since 20 March 2019 when it registered the low price at 0.98947. On 26 April 2019, the USDCHF currency pair recorded the high price of 1.02378. 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 Crude Oil market, on the D1 chart, was in a strong uptrend with buyers driving prices higher in wave upon wave of bullish momentum. On the 25th of April a higher top was recorded at 75.710 and thereafter sellers found the price attractive. Supply overwhelmed demand and the market started moving downwards. The price broke through the 15 and 34 Simple Moving...
The EUR/JPY currency pair on the 4-hour time frame has been following a downtrend recently. The price reached the lowest level of 2019 at 123.378 on 6 May. The recent action in the EUR/JPY is mainly driven by the strength in the Japanese Yen. The 4-hour chart of the EUR/JPY confirms the negative sentiment in the price movement as the currency pair is making...
The NZDUSD currency pair on the 4 Hours Chart has been in a downtrend since 30 April 2019 when it registered the high price at 0.66849. Subsequently, the price displayed a series of lower tops and lower bottoms. On 7 May 2019, the NZDUSD currency pair recorded the low price of 0.65960. Applying Oscillator Analysis on the price chart, one can notice that price is...
As these market analysis scenarios are for educational purposes, a previous setup will be reviewed. On the 25th of April a possible scenario in the EUR/GBP currency pair was discussed where the bears might be gaining the upper hand. It is important to understand the reasoning behind this scenario. On the 23rd of April sellers started overcoming buyers because,...
The Crude Oil on the 4-hour time frame has been following a downtrend recently. The price reached the lowest level in more than a month at 60.08 on 5 May. The recent movement in the Crude Oil is mainly driven by the recent announcement from the US President regarding tariffs on Chinese products. Recent development regarding Iran and news regarding increase in...
The AUDUSD currency pair on the Daily Chart has been in a downtrend since 17 April 2019 when it registered the high price at 0.72056. On 6 May 2019, the AUDUSD currency pair recorded the low price of 0.69630. 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 D1 time-frame, has broken out of a long-term upward wedge pattern. The pattern started on the 16th of February 2018 when a low was recorded at 0.91874. Ever since then the market has not been able to break out of the resistance area around 1.01265 but has all the while been making higher bottoms as registered at 0.95424 on the...
The AUD/USD currency pair on the 4-hour time frame has been following a downtrend. The price reached the lowest level in 4 months at 0.69860 on 3 May. The recent movement in the AUD/USD is mainly driven by the strength in the US dollar. The 4-hour chart of the AUD/USD confirms the negative sentiment in the price movement as the currency pair is making successively...
Crude Oil on the Daily Chart has been in a downtrend since 23 April 2019 when it registered the high price at 66.58. On 2 May 2019, Crude Oil recorded the low price of 60.97. 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 upward direction of Black Gold....
The EUR/JPY currency pair, on the H4 time-frame, was in a downward move until the 25th of April when a bottom was registered at 124.092. Buyers found the price attractive and succeeded in halting sellers’ momentum. This was confirmed when the price broke through the 15 and 34 Simple Moving Averages and the Momentum Oscillator pierced the zero baseline. The...
The Silver on the 4-hour time frame has been following a downtrend. The price reached the lowest level since December 2018 at 14.584 on 1 May. The recent movement in the Silver is driven by the overall bearish sentiment in the market. The 4-hour chart of the Silver confirms the negative sentiment in the price movement as the commodity is making successively lower...
The NZDUSD currency pair on the Daily Chart has been in a downtrend since 21 March 2019 when it registered the high price at 0.69388. Subsequently, the price displayed a series of lower tops and lower bottoms. On 25 April 2019, the NZDUSD currency pair recorded the low price of 0.65805. Applying Oscillator Analysis on the price chart, one can notice that price is...
The EUR/JPY currency pair on the 4-hour time frame has been following a downtrend. The price reached the lowest level of period under study at 124.118 on 25 April. The recovery attempt was weak as price failed to breach the key resistance level of 125.571. The price is currently hovering around 124.660, looking good to test the low of 124.118 again. The 4-hour...
The USD/CHF currency pair on the 4-hour time frame has been following an uptrend. The price jumped above the key psychological level of 1.02000 on 26 April to register the highest level of period under study at 1.02363. Strength in the US Dollar is the main reason behind recent bullish move in the USD/CHF. The price is currently hovering around 1.01950, looking...
Gold precious metal on the 4 Hours Chart has been in an uptrend since 23 April 2019 when it registered the low price at 1266.421. On 26 April 2019, Gold recorded the high price of 1288.743. 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 upward direction of...
The EUR/USD currency pair on the 4-hour time frame has been following a downtrend. The price dipped below the key psychological level of 1.12000 on 24 April to register the lowest level of period under study at 1.11189. Strength in the US Dollar is the main reason behind recent bearish move in the EUR/USD. The price is currently hovering around 1.11440 after a...
The GBPUSD currency pair on the 4 Hours Chart has been in a downtrend since 12 April 2019 when it registered the high price at 1.31330. Subsequently, the price displayed a series of lower tops and lower bottoms. On 25 April 2019, the GBPUSD currency pair recorded the low price of 1.28659. Applying Oscillator Analysis on the price chart, one can notice that price...