Yesterday, in the EUR/GBP currency pair, on the H4 time-frame, a possible upward momentum continuation was discussed but the bottom at 0.86361 was broken, so the possible scenario was invalidated and needs to be re-evaluated. A sudden surge of bearish pressure on the 24th of April caused a shift in the balance of power in the market, with the resulting strong...
The USD/CAD currency pair on the 4-hour time frame has been following an uptrend recently. The price broke above the key resistance level of 1.34514 on 24 April to register the highest level of 2019 at 1.35208. Strength in the US Dollar is the main reason behind recent bullish move in the USD/CAD. The price is currently hovering around 1.34910, with price above...
The EURUSD currency pair on the 4 Hours Chart has been in a downtrend since 17 April 2019 when it registered the high price at 1.13238. Subsequently, the price displayed a series of lower tops and lower bottoms. On 24 April 2019, the EURUSD currency pair recorded the low price of 1.11406. Applying Oscillator Analysis on the price chart, one can notice that price...
The EUR/GBP currency pair, on the H4 time-frame, was in an upward move until the 17th of April when a higher top was registered at 0.86812. Sellers briefly succeeded in halting buyers’ momentum but the bears could not completely break the bullish pressure. This was confirmed when the price could not convincingly break through the 15 and 34 Simple Moving Averages...
The GBP/JPY currency pair on the 4-hour time frame has been following a downtrend recently. The price dipped below the key support level of 144.786 on 23 April. The price action in the GBP/JPY is mainly driven by the weakness in the Pound Sterling. The price is currently hovering around 144.490, with negative MACD and RSI below 50. The 4-hour chart of the GBP/JPY...
Gold precious metal on the 4 Hours Chart has been in a downtrend since 10 April 2019 when it registered the high price at 1310.602. On 23 April 2019, Gold precious metal recorded the low price of 1266.421. 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 EUR/USD currency pair, on the H4 chart, was in an upward path until 12th of April when a higher top was recorded at 1.13239. Supply pressure overwhelmed the demand in the market and the upward momentum was disrupted with lower tops forming. After the high at 1.13239, the price subsequently broke through the 15 and 34 Simple Moving Averages with the Momentum...
The EUR/CHF currency pair on the 4-hour time frame has been following an uptrend recently. The price broke above the 1.14000 level to register the highest level in 3 months at 1.14394 on 22 April. The price action in the EUR/CHF is mainly driven by the weakness in the Swiss Franc. The price is currently hovering around 1.14300, eyeing another high in coming...
Crude Oil on the Daily Chart has been in an uptrend since 24 December 2018 when it registered the low price at 42.206. Subsequently, the price displayed a series of higher tops and higher bottoms. On 23 April 2019, Crude Oil recorded the high price of 65.943. Applying Oscillator Analysis on the price chart, one can notice that price is trading above the SMA 60...
The AUD/NZD currency pair on the 4-hour time frame has been following an uptrend recently. The price broke above the 1.07000 level to register the highest level in 3 months at 1.07292 on 16 April. The price action in the AUD/NZD is mainly driven by the strength in the Aussie Dollar. The price is currently hovering around 1.06900, eyeing a close above 1.07000 The...
Gold precious metal on the Daily Chart has been in a downtrend since 20 February 2019 when it registered the high price at 1346.61. On 18 April 2019, Gold precious metal recorded the low price of 1271.07. 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 EUR/USD currency pair on the 4-hour time frame has been following a downtrend recently. The price slides to the weekly low of 1.12273 on 18 April. The price action in the EUR/USD in mainly driven by the strength in the US Dollar. Euro dropped more than 100 pips against the US Dollar in 2 days before making a recovery attempt. The recovery attempt seems weak,...
The USDCHF currency pair on the 4 Hours Chart has been in an uptrend since 20 March 2019 when it registered the low price at 0.98947. Subsequently, the price displayed a series of higher tops and higher bottoms. On 18 April 2019, the USDCHF currency pair recorded the high price of 1.01595. Applying Oscillator Analysis on the price chart, one can notice that price...
The scenario as discussed on the 16th of April ended with the capital protection level being breached as the trade was engaged but soon after demand overcame supply and the market surged upwards. Today presents another opportunity. The Crude Oil market, on the H4 chart, was in an uptrend until the 17th of April when a higher top was recorded at 72.565. Supply...
The GBP/USD currency pair on the 4-hour time frame has been following a downtrend recently. The price slides to 1.30237 on 18 April, registering the lowest level in 2-weeks. Lack of direction regarding Brexit developments played a major role in recent price action as the price is struggling to hold above 1.31000. Bears eyeing the key psychological level of 1.3000...
Gold precious metal on the 4 Hours Chart has been in a downtrend since 10 April 2019 when it registered the high price at 1310.602. Subsequently, the price displayed a series of lower tops and lower bottoms. On 18 April 2019, Gold precious metal recorded the low price of 1271.678. Applying Oscillator Analysis on the price chart, one can notice that price is...
The USD/CAD currency pair, on the D1 chart, has been in a range from the 7th of March when a higher top was recorded at 1.34676. Following the top at 1.34676, the market broke through the 15 and 34 Simple Moving Averages as sellers found the price attractive, but buyers swiftly countered and the price bounced on the 34 Simple Moving Average when a bottom was...
The Crude Oil market, on the H4 chart, was in an uptrend until the 12th of April when a higher top was recorded at 72.231. Sellers overwhelmed buyers and the market started moving downwards. A closer look revealed that the Momentum Oscillator displayed negative divergence between point a and b compared to the price at 72.186 and 72.231. This could have alerted...