Sunday, May 4, 2014



Nzdchf
Based on the chart appealing on the daily TF, the price is moving inside an upward channel and on the other hand we are observing the price fluctuates within a near-term bearish channel. In such condition, we are expecting to see the price ticking up to the major channel top line around 0.7800 by having the bearish channel ceiling broken around 0.7630. the above forecast will be rescinded if the lower channel line is broken below.


Result

Gbpaud

On the H4 chart we are observing a wedge pattern and on the other hand the indictor “RSI” is moving downside. In such a condition we are expecting to see a drop upon breaking 1.8150 area below.

Result


Nzd cad

On the daily chart, the price is carrying a stable upside trend, and currently a price fluctuation is seen within the consolidation area. The expectation is for the bullish case if 0.9530 area is broken above.



Gold

On the daily and mid-term, as you can see the most recent bottom has been formed on 28th June 2013 at $1180.34, thereafter on Decemnber 13th 2013 the price has tried once more to overcome and break it below but failed and have been supported by buyers and caused it to climb again. The upward movement which was formed as an impulse was able to break above the bearish mid-term trend line and formed a top above it. We can see that every time for the correction move as a reversal the price has tried to cross $1280 below, the buyers has supported it from falling more strongly and it appears to be a serious problem for sellers to cross the area. Therefore, as the long-term fourth correction wave completes we are expecting that crossing $1330 again  
will provide the climb arrangement for the wave to $1550 and then $1637 mid- term. In terms of time the arrangement should be set between 7th to 20th may 2014.



Gbpjpy

On the H4 chart, we are seeing a wedge pattern. The ground will be ready for a drop by having 172.0 area broken below.

Result


Audusd

On the daily chart, the price is moving within a long-term bullish channel. If the internal bearish trend line is broken around 0.9335, we are expecting the up case to be continued. On the hand, the condition will be set for a drop if the channel lower line is broken around 0.9220.


Dow - jones
On the daily chart, the price is moving inside an equivalent channel and the same time with forming an Invab=cd non-ideal harmonic pattern we are will be observing a price reversal with a bearish divergence on the pitchfork middle line. until may the 10th its time will be fulfilled and if the price become stabilized beneath 16600, we are expecting a drop in the index.


Eurjpy
On the weekly chart, we are seeing the shark harmonic pattern and on the other hand the price is moving inside an upward channel. By having the channel lower line below around 139.50, the drop case would be activated.


Euraud

On the M30 chart, the price is swinging within a bullish channel. If the channel lower line is broken below, we are expecting for a drop.


Result


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