Archive for January, 2013
Technical analysis of AUD/JPY dated 11.01.2013
Posted by admin in Forex News on 2013/01/11
AUD/JPY could experience a good ascend without price reformation during its strong ascend and right now it has recorded the top price of 94.552 and this is one of the most important resistance level in front of the price. According to the recent strong ascend and without reformation of this currency pair, there is the possibility of price reformation. As it is obvious in the picture below, in the weekly time frame the price during its ascend has reached and touched the red resistance line, and there is the possibility of formation of a top price in descending direction and revert or ascending stop. There is AB = CD harmonic pattern between the bottom price of 72.044 and the top price of 94.552 according to the formed price movement that by completing of the D point, there is a warning for descending of the price in this currency pair.
Technical analysis of silver dated 10.01.2013
Posted by admin in Forex News on 2013/01/10
Silver chart has been stopped during its descending trend from the top price of 35.35 and reaching to the important supportive level which is determined in the picture below, and the sellers are capable of reaching to the lower prices. Price during its descend could record the bottom price of 29.19 which is one of the most important supportive levels in front of the price. Formation of the long lower shadow on determined supportive levels shows the attention of traders to this area and doubts of sellers to continue their ways.
Technical analysis of gold dated 09.01.2013
Posted by admin in Forex News on 2013/01/09
Gold chart from late 2011 till now have fluctuated in the range of two important support and resistance levels of 1789.06 and 1530.17. These levels were important top and bottom prices of Gold 5 times. Right now Gold during it descend recorded the level of 1626.42 and has been stopped from more descend. This level is established as the bottom price after closing of the next candles. As it is obvious in the picture below, Gold is in a downtrend channel which the price find an ascending trend by facing its supportive edge and the formation of the long lower shadow in 04.01.2013 candle shows the importance of these levels and the attention of all traders to them (Also in this area there is a alterant level that completes the supportive edge of downtrend channel).
Technical analysis of CAD/JPY dated 08.01.2013
Posted by admin in Forex News on 2013/01/08
CAD/JPY could record the top price of 89.479 during its ascending trend and right now this is one of the most important resistance levels in front of the price. The price by reaching and touching the resistance level of 89.479 (which is formed on 08.04.2011) could not pass it and the buyers retreated in this stage. There is an AB=CD harmonic pattern between the bottom price of 72.171 and the top price of 89.479 with the ratios of 78.6 and 127.2 that by completing the ending point of this pattern, there is warning for descending of the price.
Technical analysis of GBP/CHF dated 07.01.2013
Posted by admin in Forex News on 2013/01/07
GBP/CHF could record the bottom price of 1.46906 during its descending trend and right now this bottom price is the most important supportive level in front of price. The weekly candle which has relatively long lower shadow is the reason for the attention of the traders to the supportive level at 10.06.2012 which prevents from more descend of price. Right now the price formed a bottom price in supportive level of 1.46906 which is closed above the 5-day moving average and warns the possibility of ascending of the price.
Technical analysis of USD/CHF dated 04.01.2013
Posted by admin in Forex News on 2013/01/04
As it was mentioned in the previous analysis of this currency pair dated 21.12.2012 according to the technical formed signs, there was the possibility of ascending of the price which finally happened. Right now the price is above 5-Day moving average and the daily candle of the previous day was closed in an ascending trend which warns the possibility of more ascend of price. With the formation of Hammer candlestick pattern in weekly time frame and formation of the bottom price of 0.90820 the price has been stopped from more descend and there is the possibility of price ascending from this bottom price.
Technical analysis of EUR/JPY dated 03.01.2013
Posted by admin in Forex News on 2013/01/03
As it was mentioned in the previous analysis of this currency pair dated 06.11.2012 according to the formed signs and the Wolfe wave technical pattern, there was the possibility of ascending of the price till the target line which finally happened. The price during its ascend has recorded the top price of 116.000 and this level was in the attention of many traders specially buyers because of being rounded and has been used as a target price.Right now this price level is the nearest and important resistance level in front of price (also because of being rounded is important).
Technical analysis of EUR/CAD date 02.01.2013
Posted by admin in Forex News on 2013/01/02
EUR/CAD during its ascending trend has been stopped by reaching to the resistance edge of ascending channel and has formed the top price of 1.31845 as it is obvious in the picture below. Right now this top price is recorded by the descending candle after it. In the mentioned top price there is Hanging Man candlestick pattern which warns the possibility of formation of a top price and doubt in more ascending trend. Stoch indicator is in saturation buy area in daily time frame and warns the possibility of decrease of the price according to the next cycle.
New rules in new year
Posted by admin in Fxglory News on 2013/01/01
FxGlory wish you a Happy New Year.
Our swap rules has been changed in 2013/01/01:
- Misusing of broker’s swap free condition is forbidden in any way. As an example hedging with another broker in order to controlling trade risks and gain net swap in another broker is forbidden.
- To keep trading orders open more than 7 days with the volume of more than 1 lot will include swap rule, and according to the decision of the broker, this rule will apply.
you can see the details in :
https://fxglory.com/register.php?agreement=true