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Technical Analysis Pcmbrokers


robert11

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eur jpy

http://myforexforums.com/forumdisplay.php/91-Analysis-By-Our-Specialist

On the H4 TF, we are observing the harmonic pattern low on bottom of the bearish channel and also a positive divergence has happened at almost the same time. Till May 20th its time will be fulfilled and we are expecting an up move if the demand fuels up across the market and having the price stabilized around 139.00.

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oil

On the daily chart, we see the price reversed from the beneath of the channel top line by having a harmonic pattern being formed. As it continues, we are expecting a drop if the bottom of the channel has been broken lower by the price.

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nzd usd

On the H4 TF the price is moving along with an uptrend and we are observing a reversal from the harmonic pattern area. If 0.8794 is broken below strongly, we are expecting to have the price dropped to the trend line.
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  • 2 weeks later...

eur chf

On the H4 chart, the price is behaving like a wild bull and the price is swinging around conversion area. We are expecting to see a high leveled price if the demand take the upper hand according to the respected condition. On the other hand the room will be provided for the price to drop by having the trend line broken below.

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gbp jpy

On the daily TF, a bullish channel ceiling breaking is on-sight. We are expecting the price to drop if the price stabilized below the channel well enough. On the other hand, this analysis would be rescinded if the price breached into the channel.

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cad jpy

On the daily TF, the price is on the roof of the bullish channel. In such a condition we are expecting to see a drop across the market if the supply pressure exists. By having the roof of the channel broken, the ground will be ready to have a growth.

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