The EUR/AUD currency pair on the 4-hour time frame has been following a downtrend recently. The price slides to 1.56843 on 17 April, registering the lowest level in 2019. The price is currently hovering around 1.57070, slightly above the lowest level of 1.56843. The price action in the EUR/AUD is mainly driven by the strength in the Aussie Dollar. Price is...
The AUDUSD currency pair on the 4 Hours Chart has been in an uptrend since 2 April 2019 when it registered the low price at 0.70528. Subsequently, the price displayed a series of higher tops and higher bottoms. On 17 April 2019, the AUDUSD currency pair recorded the high price of 0.72056. Applying Oscillator Analysis on the price chart, one can notice that price...
The USD/CHF currency pair on the 4-hour time frame has been following an uptrend recently. The price broke above the 1.0000 mark and registered the highest level in 1 month at 1.00509 on 16 April. Strength in the US Dollar played a major role in recent spike. The 4-hour chart of the USD/CHF confirms the positive sentiment in the price movement as the pair is...
The Gold market, on the D1 chart, was in an uptrend until the 20th of February when a higher top was recorded at 1346.743. Demand overwhelmed supply at that point and the market started building downward momentum. The price broke through the 15 and 34 Simple Moving Averages with the Momentum Oscillator breaking the zero baseline, both confirming a possible...
The USD/JPY currency pair on the 4-hour time frame has been following an uptrend recently. The price broke above 112.000 mark and registered the highest level in 5 weeks at 112.108 on 12 April. USD strength is the main reason behind recent spike in the USD/JPY. Optimism regarding US-Japan trade talks also played a major role in recent price action. The price is...
The UK100 Index, on the H4 chart, was in an upward path from the 25th of March until 9th of April when a higher top was recorded at 7481.6. Supply pressure overwhelmed demand pressure and the upward momentum was disrupted. A closer look revealed that the Momentum Oscillator displayed negative divergence between point a and b compared to the price at 7426.4 and...
The EUR/JPY currency pair on the 4-hour time frame has been following an uptrend recently. The price broke above key resistance level of 126.183 and registered the highest level in 3 weeks at 126.271 on 12 April. The price action in EUR/JPY is mainly driven by the strength in Euro. The price is currently hovering around 126.200 with positive MACD and RSI above...
As these market analysis scenarios are for educational purposes, a previous possible setup will be reviewed. On 08.04.02019 a scenario in the EUR/USD currency pair was discussed where upward momentum were building with a possible new uptrend in progress. On the 8th of April the critical resistance level at 1.12547 was broken and a long position could have ensued...
The XAUUSD on the hourly time frame has been following an uptrend recently. The price jumped above $1310 to register the highest level in 2 weeks on 10 April. The recent price action in the Gold is mainly driven the weakness in the US Dollar. Dovish comments from US Federal Reserve also played a major role in recent bullish move in the precious metal. The price is...
The USD/CAD currency pair, on the H4 time-frame, has been in a downward move from the 28th of March. Buyers briefly succeeded in breaking the Sellers’s momentum but supply again overwhelmed demand after top was recorded on the 5th of April at 1.34028. The price broke through the 15 and 34 Simple Moving Averages and the Momentum Oscillator broke the zero baseline....
The AUD/NZD currency pair on the 4-hour time frame has been following an uptrend recently. The price jumped above 1.05750 mark to register the highest level in 3 months at 1.05963 on 9 April. The recent price action in AUD/NZD is mainly driven the strength in the Aussie Dollar. The price is currently trading above the 200 – period moving with positive MACD, both...
The Gold market, on the H4 chart, was in a downtrend from the 25th of March until the 4th of April. Demand then started to overwhelmed supply after buyers began to find prices appealing. The price broke through the 15 and 34 Simple Moving Averages and the Momentum Oscillator sliced through the zero baseline. A Hammer Candle as well as a cross of the 15 and 34...
The US Crude Oil on the 4-hour time frame has been following an uptrend recently. The price jumped above $64 mark to register the highest level in 5 months at 64.74 on 8 April. The recent jump in the prices came after clashes in Libya and concerns over Oil supply in coming months. Price is above the 200 – period moving average with MACD above the zero line, both...
The EUR/USD currency pair, on the H4 chart, was in a downtrend from the 20th of March until the 2nd of April. Buyers found the market attractive at 1.11837 and started countering selling pressure. The price broke through the 15 and 34 Simple Moving Averages and the Momentum Oscillator pierced the zero baseline, confirming a possible influx of demand that could...
The GBP/USD currency pair on the 4-hour time frame has been following a downtrend recently. The price dipped below the key support level of 1.30000 on 5 April. The price recovered quickly above the 1.30000 level with more than 50 pips jump but the recovery attempt was weak as the price failed to breach the last resistance level of 1.31979 (High of 3 April) The...
The USD/JPY currency pair on the hourly time frame has been following an uptrend recently. The price jumped above 111.500 on 3 April amid strength in USD and weaker than expected Japanese economic data. The price registered the highest level in more than 3-weeks on 5 April when the price recorded 111.806. As of now, the price is hovering around 111.640 The hourly...
The possible scenario in the USD/CHF discussed on 1 April was invalidated when the possible top at 0.99744 was broken on the same day and the scenario can be re-evaluated as follows: The USD/CHF currency pair, on the D1 chart, was in an upward path from early January until the 7th of March when a higher top was recorded at 1.01244. Demand overwhelmed supply at...
The Gold Market, on the H4 chart, was in a downtrend from the 25th of March until the 2nd of April when a lower bottom was recorded at 1285.426. Buyers found the price attractive and demand started overwhelming supply. The price broke through the 15 Simple Moving Average with the Momentum Oscillator touching the zero baseline, both clues that a possible...