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Daily forex technical analysis & forecasts

22 august, 2014

21 august, 2014

  • The Australian dollar is having a bad day

    36
    On Thursday the AUD/USD pair is trading with a significant decrease after weak Chinese statistics.
  • The Fed threatens to raise rates. Fundamental analysis for 21.08.2014

    56
    Yesterday, late at night, reports of the recent meeting of the FOMC were published.
  • Another “Head & Shoulders”. EUR/JPY wave analysis.

    195
    In our previous review, “Now – up! Wave analysis of EUR/JPY for 12.08.2014”, we discussed a possible scenario how the price may start an ascending zigzag (d) of [iv].
  • Ichimoku Cloud Analysis 21.08.2014 (GBP/USD, GOLD)

    213
    GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are very close to each other below Kumo and still influenced by “Dead Cross”. Ichimoku Cloud is still going down, Chinkou Lagging Span is far below the chart, and the price is moving below the lines. Short term forecast: we can expect a correction towards Tenkan-Sen – Kijun-Sen, and decline of the price towards W Kumo’s lower border.
  • Murray Math Lines 21.08.2014 (EUR/USD, SILVER)

    141
    Euro successfully reached its first target at the 1/8 level. We could make the final point here and close all short positions, but I’m planning to keep my orders with the target at the 0/8 level as long as the price is moving below the H4 Super Trend.
  • Wave Analysis 21.08.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

    262
    One of the possible scenarios implies that Euro is forming the final descending wave (E) of [B], which may take the form of flat or some double pattern. Right now, the pair is expected to start an ascending correction B of (E) of [B].
  • Forex Technical Analysis 21.08.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

    316
    Euro continues forming its descending structure. We think, today the price may reach level of 1.3230 and then return to level of 1.3320. Later, in our opinion, the pair may form another descending structure towards level of 1.3215 and then form a reversal pattern for a new ascending wave.
  • Wave Analysis 21.08.2014 (DJIA Index, Crude Oil)

    94
    Bulls continue forming the structure of an impulse wave C inside an ascending zigzag of wave (B). However, the current wave structure is becoming more and more unstable. The fact is that there is no doubt that the nature of this wave is impulse, but it’s quite difficult to understand right now whether it is wave C or an extension inside the third of wave of this new ascending impulse. That’s exactly why it’s better not to risk and stay out of the market until the situation becomes clearer.
  • Japanese Candlesticks Analysis 21.08.2014 (EUR/USD, USD/JPY)

    219
    The H4 chart of EUR USD shows the downtrend, which continued after Three Methods pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.

20 august, 2014

  • Horizontal correction again. XAU/USD wave analysis

    175
    In our previous review, “The final straight. Wave analysis of XAU/USD for 15.08.2014”, we discussed a possible scenario how the price may complete an ascending zigzag e of (iv).
  • The euro deepens the 9 month minimums

    79
    The main currency pair continues to decline, the attraction of the players is once again on the side of the greenbacks after yesterday's European statistics.
  • Bad news for the ECB. Fundamental analysis for 20.08.2014

    69
    It seems that there is not much statistics scheduled for Wednesday, but the euro bears still found a reason to continue to reduce the currency pair.
  • Ichimoku Cloud Analysis 20.08.2014 (GBP/USD, GOLD)

    206
    GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are very close to each other below Kumo; all lines are directed downwards. Ichimoku Cloud is still going down, Chinkou Lagging Span is getting closer to the chart, and the price near resistance from Tenkan-Sen – Kijun-Sen. Short term forecast: we can expect attempts of the price to reach D Tenkan-Sen and Kumo’s lower border.
  • Japanese Candlesticks Analysis 20.08.2014 (EUR/USD, USD/JPY)

    244
    The H4 chart of EUR USD shows the downtrend. Bearish candlesticks broke the closest Window, but under the Window there is a strong support level from last year’s June Tower pattern. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bearish movement, but taking into account the support level, the pair may soon start an ascending correction.
  • Wave Analysis 20.08.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

    306
    One of the possible scenarios implies that Euro is forming the final descending wave (E) of [B], which may take the form of flat or some double pattern. Right now, the pair is completing a descending zigzag A of (E) of [B], which may be followed by an ascending correction B of (E) of [B].
  • Forex Technical Analysis 20.08.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

    283
    Euro broke its consolidation channel downwards and may continue extending a descending structure. We think, today the price may reach level of 1.3300 upwards and then return to level of 1.3360 to test it from below. Later, in our opinion, the pair may form another descending structure towards level of 1.3285.
  • Murray Math Lines 20.08.2014 (EUR/USD, USD/CAD)

    165
    On Tuesday, bears returned to the market with triumph. The price broke all previous minimums at a time and right now is sure to be able to stay below the 3/8 level. Later, one should pay attention to the 1/8 level, because if the pair rebounds from this level, it may be fatal for the current downtrend.
  • Wave Analysis 20.08.2014 (DJIA Index, Crude Oil)

    104
    All bears’ achievements of the last several weeks were completely smashed by buyers. Market collapse inside wave [2] really looked like an impulse for a new descending movement, but this was not to be. Although the current ascending movement is staying within zigzag pattern so far, but its strong wave C is much alike an extension inside the third one, that’s why it’s better even not to think about selling right now and concentrate of a future correction, i.e. the fourth wave.
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