Home / Analytics / Forex analysis & forecasts

RSS 

Daily forex technical analysis & forecasts

Select date   
  June 2013
MoTuWeThFrSaSu
     12
3456789
10111213141516
171819
20
212223
24252627282930
 

Forex Technical analysis and forecasts

19.06.2013

Bill Williams’ Indicators Analysis 19.06.2013 (USD/CAD, NZD/USD)

At the H4 chart of the USD/CAD currency pair, the Alligator is sleeping. The divergence made the price to move upwards; the price is forming a bearish fractal; the indicators are in the grey zone; there is a Fade on the MFI. I’m keeping a buy order, a protective stop is below the Alligator’s mouth.
19.06.2013

Forex Technical Analysis 19.06.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

Euro reached the level of 1.3400 and right now is moving close to its maximums. This is the only currency pair, which continues its tendency. We should note that the current wave has been completed and the price is not expected to continue moving upwards. Considering the fact that the market is not ready to make a reverse, we think the pair may start falling down towards the target at 1.3000.
19.06.2013

Fibonacci Retracements Analysis 19.06.2013 (EUR/USD, USD/CHF)

The bulls have been able to rebound from the level of 61.8%. Their next target is the level of 78.6%, where there are several more fibo-levels. During a correction, I opened one more buy order, just as I was planning.

Forex Wave analysis and forecast

19.06.2013

Wave Analysis 19.06.2013 (DJIA Index, Crude Oil)

The Index continues moving upwards. It looks like the price is forming the third wave inside wave [5]. In the near term, the market is expected to break the maximum of wave [3]. However, in order to avoid any risks, I’ve moved the stops a bit higher.
19.06.2013

Wave Analysis 19.06.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

Euro is forming an ascending correction B of (E) of [B], which may be completed very soon. If this assumption is correct, then later the pair is expected to form the second part of zigzag, a descending wave C of (E) of [B].
18.06.2013

Wave Analysis 18.06.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

We may assume that Euro is finishing an ascending correction B of (E) of [B]. If this assumption is correct, then later the pair is expected to form wave C of (E) of [B].

Forex Murray math lines and forecasts

19.06.2013

Murray Math Lines 19.06.2013 (AUD/USD, GBP/CHF, SILVER)

Australian Dollar is trying to start a new ascending movement. If the market breaks the H4 and daily Super Trends’ lines and keeps the price above them, the bulls will become more dominant. The stop on my first buy order is in the black, and I’m also keeping a pending order.
18.06.2013

Murray Math Lines 18.06.2013 (AUD/USD, GBP/CHF, EUR/JPY)

Despite a descending movement the pair is making right now, there is still a possibility that it may start growing up. To avoid any risks, I placed only a pending buy order. The minimum target is at the 0/8 level.
17.06.2013

Murray Math Lines 17.06.2013 (USD/CAD, EUR/GBP, AUD/JPY)

Canadian Dollar is still consolidating; the bears are supported by the H4 Super Trend’s line. Considering that the price is already moving below the 3/8 level, which means that it may continue falling down towards the 0/8 one.

Forex Ichimoku cloud analysis and forecast

19.06.2013

Japanese Candlesticks Analysis 19,06.2013 (EUR/USD, USD/JPY)

The H4 chart of the EUR/USD currency pair shows a sideways correction. The small Window has been broken, now it’s a support level. Three Line Break chart confirms the current trend; Heiken Ashi candlesticks indicate the correction.
19.06.2013

Ichimoku Cloud Analysis 19.06.2013 (GBP/USD, GOLD)

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); Tenkan-Sen and Senkou Span A are moving downwards, Senkou Span B is directed upwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is on the chart, and the price is below Tenkan-Sen and Kijun-Sen, above Kumo Cloud. Short term forecast: we can expect support of Senkou Span A and D Tenkan-Sen.
18.06.2013

Ichimoku Cloud Analysis 18.06.2013 (GBP/USD, GOLD)

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1); Tenkan-Sen is moving downwards, other lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen. Short term forecast: we can expect the price to fall down towards Kijun-Sen and D Tenkan-Sen.