FXTM

FXTM

The GBPJPY currency pair on the Daily Chart has been in an uptrend since 12 August 2019 when it registered the low price at 126.554. Subsequently, the price displayed a series of higher tops and higher bottoms. On 17 October 2019, the GBPJPY currency pair recorded the high price of 141.518. When applying Oscillator Analysis to the price chart, one can see that...

FXTM

The GBPAUD currency pair on the Daily Chart has been in an uptrend since 30 July 2019 when it registered the low price at 1.75612. Subsequently, the price displayed a series of higher tops and higher bottoms. On 16 October 2019, the GBPAUD currency pair recorded the high price of 1.90942. When applying Oscillator Analysis to the price chart, one can see that price...

FXTM

The USD/CAD on the hourly time frame has been following an uptrend recently. The price jumped above the key level of 1.32500 on 12 November to reach the highest level of the period under study at 1.32579. Bulls are pushing the price higher as key technical indicators are supporting the bullish trend. As of writing, the price is hovering around 1.32478 with...

FXTM

The GBP/USD currency pair, on the H4 time-frame, was in a downward move until the 8th of November when a lower bottom was recorded at 1.27698. Demand then started to overwhelm supply. After the lower bottom at 1.27698 the price broke through the 15 and 34 Simple Moving Averages and the Momentum Oscillator broke through the zero baseline into bullish terrain. A...

FXTM

The XAUUSD on the 4-hour time frame has been following a downtrend. The price dipped below the key level of $1450 on 11 November to reach the lowest level of the period under study at $1448.327. Bears are pushing the price lower as key technical indicators are supporting the bearish trend. As of writing, the price is hovering around $1452.600 with negative MACD...

FXTM

The EURUSD currency pair on the 4 Hours Chart has been in a downtrend since 31 October 2019 when it registered the high price at 1.11756. Subsequently, the price displayed a series of lower tops and lower bottoms. On 10 November 2019, the EURUSD currency pair recorded the low price of 1.10165. When applying Oscillator Analysis to the price chart, one can see that...

FXTM

As the market analysis scenarios are for educational purposes, a previous possible setup will be reviewed as part of the learning process. On 8 November a possible scenario was identified in the AUD/USD currency pair, on the H4 time frame, where downward momentum was building with a possible new downtrend in progress. Later in the same day, the price broke...

FXTM

The EUR/GBP on the 4-hour time frame has been following a downtrend recently. The price dipped below the key level of 0.86000 on 17 October to reach the lowest level of period under study at 0.85744. Bears are pushing the price lower as key technical indicators are supporting the bearish trend. The price action in the currency pair is mainly driven by the recent...

FXTM

The GBPUSD currency pair on the 4 Hours Chart has been in a downtrend since 31 October 2019 when it registered the high price at 1.29759. Subsequently, the price displayed a series of lower tops and lower bottoms. On 08 November 2019, the GBPUSD currency pair recorded the low price of 1.2769. When applying Oscillator Analysis to the price chart, one can see that...

FXTM

The AUD/USD currency pair, on the H4 time-frame, was in a sideways movement until 5th of November when a higher top was recorded at 0.69280. Supply overwhelmed demand and the sideways move was negated. After the high at 0.69280, the price broke through the 15 and 34 Simple Moving Averages, the Momentum Oscillator broke through the zero baseline into negative...

FXTM

The XAGUSD on the 4-hour time frame has been following a downtrend recently. The price dipped below the key level of 17.00000 on 07 November to reach the lowest level of period under study at 16.96768. Bears are pushing the price lower as key technical indicators are supporting the bearish trend. The price action in the commodity is mainly driven by the recent...

FXTM

Precious metal Gold on the 4 Hours Chart has been in a downtrend since 01 November 2019 when it registered the high price at 1516.171. On 07 November 2019, Gold recorded the low price of 1460.639. When applying Oscillator Analysis to the price chart, one can see that price is trading below the SMA 60 period Moving Average line, a fact which confirms Gold's...

FXTM

The EUR/AUD on the 4-hour time frame has been following a downtrend recently. The price dipped below the key level of 1.61000 on 05 November to reach the lowest level of period under study at 1.60395. Bears are pushing the price lower as key technical indicators are supporting the bearish trend. The price action in the currency pair is mainly driven by the recent...

FXTM

The GBPCAD currency pair on the Daily Chart has been in an uptrend since 09 August 2019 when it registered the low price at 1.58750. Subsequently, the price displayed a series of higher tops and higher bottoms. On 17 October 2019, the GBPCAD currency pair recorded the high price of 1.70965. When applying Oscillator Analysis to the price chart, one can see that...

FXTM

The EUR/JPY currency pair, on the H4 time-frame, has been in a ranging market from the 21st of October to date. Neither the bulls nor the bears have make their mark in the market. That means a lot of traders are on the sideline, waiting for a reason to get involved. There are two possible entry scenarios. If enough buyers decide to enter the market and the...

FXTM

The GBPJPY currency pair on the Daily Chart has been in an uptrend since 12 August 2019 when it registered the low price at 126.554. Subsequently, the price displayed a series of higher tops and higher bottoms. On 17 October 2019, the GBPJPY currency pair recorded the high price of 141.518. When applying Oscillator Analysis to the price chart, one can see that...

FXTM

The EUR/GBP on the 4-hour time frame has been following a downtrend recently. The price dipped below the key level of 0.86000 on 17 October to reach the lowest level of period under study at 0.85745. Bears are pushing the price lower as key technical indicators are supporting the bearish trend. The price action in the currency pair is mainly driven by the recent...

FXTM

As these market analysis scenarios are for educational purposes, a previous possible setup will be reviewed. On 28th of October 2019 a scenario in the USD/JPY currency pair, on the Daily time frame, was discussed where upward momentum was building with a possible new uptrend in progress. Later the same day the critical resistance level at 108.958 was broken...