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Daily forex technical analysis & forecasts
Forex Technical analysis and forecasts
21.02.2012 / 16:50
Forex Technical Analysis 2011/22/02 (EUR/USD, GBP/USD, USD/CHF, NZD/USD) Forecast FX
The EUR/USD currency pair is still being corrected, however, the daily chart indicates that Euro may continue falling down towards new minimums. The RSI indicator is testing the trend’s descending line, we should expect it to rebound and start moving downwards. One can consider selling the pair with the tight stop.
20.02.2012 / 17:09
Forex Technical Analysis 2011/21/02 (EUR/USD, GBP/USD, USD/CHF, GBP/JPY) Forecast FX
The EUR/USD currency pair continues growing up. At the moment the RSI indicator is facing the resistance from the trend’s descending line, we should expect it to rebound from the line and start moving downwards. The closest target of the fall is the area of 1.3050, the next one - 1.2830. One can consider selling the pair with the tight stop and increase the amount of sales only after the price breaks the level of 1.2975. If the price breaks the level of 1.3300, this case scenario will be cancelled.
17.02.2012 / 10:34
Forex Technical Analysis 2011/20/02 (EUR/USD, GBP/USD, USD/CHF, NZD/USD) Forecast FX
The EUR/USD currency pair is moving according to the forecast, and at the moment we can consider selling it with the tight stop. The target of the fall is the area of 1.2937. If the price breaks the trend’s descending line, this case scenario will be cancelled. The stop must be placed above 1.3170. We recommend you to increase the amount of short positions only after the price breaks the level of 1.3090.
Forex Wave analysis and forecast
22.02.2012 / 14:44
Wave Analysis 22.02.2012 (NZD/USD, EUR/USD)
It looks like wave [5] of C is taking the form of diagonal triangle pattern. Most likely, the price will continue moving upwards. However, taking into consideration the fact that New Zealand Dollar has been already moving inside the rising trend for some time, the possibility that the market may make a reverse becomes stronger and stronger.
21.02.2012 / 15:58
Wave Analysis 21.02.2012 (NZD/USD, EUR/USD)
The pair did manage to eliminate yesterday’s gap and right now nothing can prevent the price from growing up inside the fifth wave. The pair may reach a new local maximum on Tuesday. The target for the bulls is the level of 0.8500.
20.02.2012 / 14:46
Wave Analysis 20.02.2012 (NZD/USD, EUR/USD)
Today the market was opened with a gap up and the price has reached a new local maximum. We may assume that the pair is forming wave [5] of C. We can expect the price to continue moving upwards during the next several days.
Forex Murray math lines and forecasts
21.02.2012 / 16:27
Murray Math Lines 21.02.2012 (NZD/USD, AUD/JPY, GBP/JPY)
The bulls couldn’t break the 5/8 level so far, the bears were only able to eliminate yesterday’s gap, however, the Super Trend’s line hasn’t been broken. There is a possibility that the price may start growing up again on Tuesday. The first target for the buyers is the 6/8 level.
20.02.2012 / 10:05
Murray Math Lines 20.02.2012 (SILVER, USD/CAD, GBP/JPY)
After rebounding from the 6/8 level and the daily Super Trend’s line, the price is trying to break the 7/8 one. Most likely, the bulls will break this level on Monday. After that we can expect the price to grow up towards the +2/8 level.
17.02.2012 / 10:20
Murray Math Lines 17.02.2012 (SILVER, USD/CAD, NZD/USD)
The market has rebounded from the 6/8 level and the daily Super Trend’s line, which is a very good signal that the price may start growing up again. The target for the next several days is the 8/8 level. In the near term, we can expect he price break the +2/8 level.
Forex Ichimoku cloud analysis and forecast
22.02.2012 / 14:48
Ichimoku Cloud Analysis 22.02.2012 (GBP/USD, GOLD)
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud squeezed but is still going up (2), Senkou Span A is horizontal, and Senkou Span B turned downwards. Chinkou Lagging Span is above the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen, inside Kumo Cloud. In the near term, we can expect resistance of Senkou Span B and the price to move downwards to support of Senkou Span A.
21.02.2012 / 16:08
Ichimoku Cloud Analysis 21.02.2012 (GBP/USD, GOLD)
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart, the price is above the indicator’s lines. In the near term, we can expect support of Tenkan-Sen and attempts of the price to stay inside the channel between Tenkan-Sen and Kijun-Sen.
20.02.2012 / 17:06
Ichimoku Cloud Analysis 20.02.2012 (GBP/USD, GOLD)
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), Tenkan Sen is directed upwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Span A turned upwards, and Senkou Span B is horizontal. Chinkou Lagging Span is above the chart, the price is above the indicator’s lines. In the near term, we can expect support of Senkou Span B.
