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 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...
The EUR/USD currency pair on the 4-hour time frame has been following a downtrend recently. The price dipped below 1.12000 on 2 April but recovered immediately. The recovery attempt was weak as the price failed to breach the last top of 1.12515 (The High of 1 April). The price action in the EUR/USD is mainly driven by the Euro weakness. As of now, the price is...
The Silver Market, on the D1 chart, was in an uptrend from the beginning of December until the 27th of February when a higher top was recorded at 16.25260. Buyers found the price attractive and supply overwhelmed demand. The price sliced through the 15 and 34 Simple Moving Averages with the Momentum Oscillator breaking the zero baseline, both confirming a...
The EUR/CAD currency pair on the 4-hour time frame has been following a downtrend recently. The price dipped below the key support level of 1.49200 on 2 April registering the lowest level in 1 month. Price action in the EUR/CAD is mainly driven by the weakness in Euro. Negative MACD and RSI below 50 supports bearish sentiment in the currency pair. The 4-hour chart...
The XAUUSD on the hourly time frame has been following a downtrend recently. The price failed to break the key resistance level of $1300 as bulls were rejected on 29 March. Global economic uncertainty and concerns regarding US-China Trade deal played a major role in the recent price action. The price is currently hovering around the $1290 mark, as technical...
The EUR/CHF currency pair on the 4-hour time frame has been following a downtrend recently. The price dipped below the key support level of 1.11840 on 27 March and registered the lowest level of 20-months at 1.11741. The recent bearish move in the currency pair came after Swiss National Bank kept interest rate at -0.75% with no signal of interest rate increase in...
The USD/CHF currency pair, on the H4 chart, was in a downtrend from the 11th until the 20th of March. Buyers found the price at 0.98947 attractive and started countering selling pressure. For a time there was a balance between demand and supply and the resulting range lasted until the 28th of March, when the market made a higher top at 0.99746. This might prove to...
The Gold Market, on the H4 time-frame, began an upward change in the beginning of March that lasted until the 25th of March when a higher top was recorded at 1324.568. The bears found prices attractive and supply overcame demand. The price broke through the 15 and 34 Simple Moving Averages with the Momentum Oscillator breaking through the zero baseline, both...
The USD/JPY currency pair, on the D1 time-frame, began an upward move in the beginning of January that lasted until the beginning of March when a top was recorded at 112.138. The bears found prices attractive at that levels and supply overcame demand. The price broke through the 15 and 34 Simple Moving Averages with the Momentum Oscillator piercing through the...
The EUR/USD currency pair, on the H4 time-frame, began an uptrend in the beginning of March that lasted until the 20th of March. Sellers then found the price attractive and started countering buying pressure. Supply overwhelmed demand and the market broke through the 15 and 34 Simple Moving Averages with the Momentum Oscillator cutting through the zero baseline,...
As this market analysis is for educational purposes, a previous possible scenario will be debated. On 12.03.2019 a scenario in Gold was discussed where a possible new upward move was developing. Later the same day the critical resistance level at 1300.786 was broken and a long position could have been engaged with possible targets projected as well as a possible...
The Crude Oil on the 4-hour time frame has been following an uptrend recently. The price broke above the $60 mark on 21 March and registered the highest level of 4-months at $60.40. Crude Oil stockpiles in the US posted their largest decline since July 2018. Supply concerns played a major role in recent bullish move. The 4-Hour chart of the Crude Oil confirms the...
The EUR/USD on the 4-hour time frame has been following an uptrend recently. The pair broke above the 1.1400 level on 20 March and registered the highest level of period under study at 1.14477. The recent jump in the price came after Federal Reserve left interest rate unchanged. Fed also projected no interest rate hike in 2019. The price jumped from 1.13471 to...
The USD/CHF currency pair on the hourly time frame has been following a downtrend recently. The pair dipped below the parity level on 19 March and recorded the lowest level of period under study at 0.99855. The price saw a recovery attempt and reached 0.99983 on 20 March but failed to breach the psychological parity level. US dollar weakness played a major role in...
The NZD/JPY currency pair on the 4-hour time frame has been following an uptrend recently. The pair hits 76.679 on 18 March (Highest level of 2019). Profit takers booked some profits at this level and price saw an immediate dip to 76.231 but recovered quickly to 76.347. As of writing, the price is moving around 76.316. The price action in the NZD/JPY is mainly...
The CAD/JPY currency pair, on the D1 chart, began an uptrend in the beginning of January that lasted until the end of February when sellers found the price attractive and started countering buying pressure. Supply overwhelmed demand and the market broke through the 15 and 34 Simple Moving Averages with the Momentum Oscillator cutting through the zero baseline,...
The GBP/CHF currency pair on the daily time frame has been following an uptrend recently. The pair hits 1-year high of 1.34225 on 13 March. After reaching 1-year high, the currency pair experienced some selling pressure from the bears but managed to hold the key support level of 1.30644. The price action in the GBP/CHF is mainly driven by the strength in the Pound...
As this market analysis is for educational purposes, a previous possible scenario will be discussed. On 13.03.02019 a scenario in the AUD/USD H4 currency pair was deliberated where a possible new uptrend was in progress. Later the same day the critical resistance level at 0.70923 was indeed broken and a long position could have ensued with likely targets...