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Daily forex technical analysis & forecasts
Forex Technical analysis and forecasts
22.02.2012 / 20:43
Forex Technical Analysis 2012/23/02 (EUR/USD, NZD/USD, GOLD, OIL) Forecast FX
The EUR/USD currency pair is moving according to our forecast. At the moment the RSI indicator is testing the trend’s descending line, we should expect it to rebound from the line and start moving downwards. The target of the fall is the area of 1.2950, one can consider selling the pair with the tight stop. If the price breaks the upper border and leaves the channel, this case scenario will be cancelled.
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.
Forex Murray math lines and forecasts
22.02.2012 / 15:50
Murray Math Lines 22.02.2012 (SILVER, USD/CAD, GBP/JPY)
After rebounding from the 6/8 level and the daily Super Trend’s line, Silver started moving upwards again. The price got very close to the 8/8 level. Most likely, this level will be broken and the pair will continue growing up towards the +2/8 one. If the bulls are strong enough to break this level either, the lines at the chart will be redrawn.
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.
