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Daily forex technical analysis & forecasts

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Forex Technical analysis and forecasts

21.04.2014

Fibonacci Retracements Analysis 21.04.2014 (EUR/USD, USD/CHF)

After rebounding from local level of 61.8% (1.3860), Eurodollar started falling down. Earlier pair rebounded from the group of upper fibo levels (1.3900). Most likely, bears may break minimum in the nearest future.
21.04.2014

Forex Technical Analysis 21.04.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

After breaking correctional channel, Euro is still consolidating and may continue falling down towards level of 1.3750. Alternative scenario implies that pair may try to start moving upwards to reach new maximum.
21.04.2014

Bill Williams’ Indicators Analysis 21.04.2014 (USD/CAD, NZD/USD)

At H4 chart of USD CAD, Alligator is moving upwards. Price is forming bullish fractal; AO is in green zone, AC is near balance line; there might be Squat bar on the MFI. Bullish fractal may reach D Alligator’s jaw.

Forex Wave analysis and forecast

21.04.2014

Wave Analysis 21.04.2014 (DJIA Index, Crude Oil)

Probably, Index completed double three pattern inside wave [2]. On minor wave level, price is finishing the first ascending wave. After completing wave (2), instrument is expected to start growing up inside the third wave.
21.04.2014

Wave Analysis 21.04.2014 (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].
18.04.2014

Wave Analysis 18.04.2014 (DJIA Index, Crude Oil)

It looks like Index completed double three pattern inside wave [2]. On minor wave level, price is finishing initial ascending impulse. After completing local correction, instrument is expected to start growing up inside the third wave.

Forex Murray math lines and forecasts

21.04.2014

Murray Math Lines 21.04.2014 (AUD/USD, EUR/GBP, SILVER)

Australian Dollar is still moving between Super Trends. Earlier price rebounded from the 7/8 level. Right now, instrument is moving below the 5/8 level and may continue falling down towards the 4/8 one in the nearest future.
18.04.2014

Murray Math Lines 18.04.2014 (AUD/USD, EUR/GBP, SILVER)

Australian Dollar is moving below H4 Super Trend, which means that current correction may yet continue. Possibly, in the nearest future price may test the 4/8 level. If market breaks this level, it may continue falling down.
17.04.2014

Murray Math Lines 17.04.2014 (AUD/USD, EUR/GBP, SILVER)

Australian Dollar is still moving between Super Trends. If later price breaks the 5/8 level upwards, it may continue growing up towards the 6/8 one.

Forex Ichimoku cloud analysis and forecast

21.04.2014

Ichimoku Cloud Analysis 21.04.2014 (GBP/USD, GOLD)

GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) above Kumo Cloud. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short term forecast: we can expect support from Tenkan-Sen, and growth of the price.
21.04.2014

Japanese Candlesticks Analysis 21.04.2014 (EUR/USD, USD/JPY)

H4 chart of EUR USD shows resistance from upper Window. Middle Window is support level. Shooting Star pattern indicates bearish movement. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
18.04.2014

Ichimoku Cloud Analysis 18.04.2014 (GBP/USD, GOLD)

GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) above Kumo Cloud; Ichimoku Cloud is going up (2), Chinkou Lagging Span is on the chart, and the price is between Tenkan-Sen – Kijun-Sen. Short term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
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