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Daily forex technical analysis & forecasts

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Forex Technical analysis and forecasts

24.04.2014

Fibonacci Retracements Analysis 24.04.2014 (EUR/USD, USD/CHF)

It looks like after rebounding several times from level of 50% (1.3790), Eurodollar is reversing upwards. Yesterday I opened buy order with stop placed at local minimum. Target for the next several days is close to the group of upper fibo levels at 1.3965 – 1.3975.
24.04.2014

Forex Technical Analysis 24.04.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

Euro is trying to return to level of 1.3857. After reaching it, price may start forming another descending structure with predicted target at level of 1.3750. During this descending movement, pair is expected to form continuation pattern, which may help us to specify the target.
24.04.2014

Bill Williams’ Indicators Analysis 24.04.2014 (USD/CAD, NZD/USD)

At H4 chart of USD CAD, Alligator is moving upwards. Indicators are in red zone; there might be Squat bar on the MFI; bullish fractal reached D Alligator’s jaw. I expect breakout of fractals to the downside.

Forex Wave analysis and forecast

24.04.2014

Wave Analysis 24.04.2014 (DJIA Index, Crude Oil)

Index continues its ascending movement and is getting closer to current maximums. Most likely, right now price is forming bullish impulse inside the third wave. Stops on my buy orders are placed below local maximum.
24.04.2014

Wave Analysis 24.04.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

Probably, Euro is finishing diagonal triangle [v] of C of (D) of ascending zigzag (D) of [B], which may be followed by final descending zigzag (E) of [B].
23.04.2014

Wave Analysis 23.04.2014 (DJIA Index, Crude Oil)

Index is starting new ascending movement. Probably, earlier price completed double three pattern inside wave [2] and right now is forming bullish impulse inside the third wave. On minor wave level, after finishing the second wave, price started forming wave (3) and may break maximum quite soon.

Forex Murray math lines and forecasts

24.04.2014

Murray Math Lines 24.04.2014 (AUD/USD, EUR/GBP, SILVER)

Australian Dollar is trying to rebound from lower border of ascending channel and the 4/8 level. Market is still moving below Super Trends, that’s why I moved stop on my yesterday’s order into the black, because the situation is quite risky. If later pair breaks Super Trends upwards, I’ll open another order.
23.04.2014

Murray Math Lines 23.04.2014 (AUD/USD, EUR/GBP, SILVER)

Australian Dollar is still being corrected; right now pair is testing the 4/8 level. In addition to that, we can see that market is moving close to lower border of ascending channel. That’s why I opened buy order, in case price rebounds from current levels and starts growing up again.
22.04.2014

Murray Math Lines 22.04.2014 (AUD/USD, EUR/GBP, SILVER)

Australian Dollar broke H4 Super Trend upwards, and I decided to close my sell order and opened bought one. Target for bulls is at the 8/8 level. Possibly, instrument may break local maximum during the next several days.

Forex Ichimoku cloud analysis and forecast

24.04.2014

Ichimoku Cloud Analysis 24.04.2014 (GBP/USD, GOLD)

GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are close to each other above Kumo Cloud. Ichimoku Cloud is going up (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen – Kijun-Sen. Short term forecast: we can expect resistance from Tenkan-Sen – Kijun-Sen, and attempts of the price to stay inside Kumo Cloud.
24.04.2014

Japanese Candlesticks Analysis 24.04.2014 (EUR/USD, USD/JPY)

H4 chart of EUR USD shows ascending movement, which is indicated by Tower pattern near middle Window, which is support level. Three Line Break chart indicates correction; Heiken Ashi candlesticks confirm ascending movement towards open Window.
23.04.2014

Ichimoku Cloud Analysis 23.04.2014 (GBP/USD, GOLD)

GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are close to each other above Kumo Cloud; Kijun-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen – Kijun-Sen. Short term forecast: we can expect decline of the price towards Senkou Span A.
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