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Forex Technical analysis and forecasts

02.02.2012 / 16:28

Forex Technical Analysis 2012/03/02 (EUR/USD, GBP/USD, USD/CHF, DOLLAR INDEX) Forecast FX

The RSI indicator broke the trend’s rising line, at the moment we should expect the EUR/USD currency pair to fall down. The closest target of the fall is the support level in the area of 1.3055. One can consider opening short positions with the tight stop above 1.3215.

Forex Wave analysis and forecast

02.02.2012 / 16:07

Wave Analysis 02.02.2012 (NZD/USD, EUR/USD)

New Zealand Dollar continues moving upwards. It looks like the market is forming wave [5] of C right now. The current chart structure let us suppose that the price may continue moving upwards. Most likely, the pair will reach a new local maximum on Thursday.

Forex Murray math lines and forecasts

02.02.2012 / 16:20

Murray Math Lines 02.02.2012 (NZD/USD, EUR/JPY, GBP/JPY)

New Zealand Dollar managed to enter an “overbought zone” and fix itself above the 8/8 level. Right now the most possible scenario suggests that the price may continue growing up to the +2/8 level, where I’ve placed Take Profit on my buy order. The reason is: this level may be a starting point of the correction.

Forex Ichimoku cloud analysis and forecast

02.02.2012 / 16:13

Ichimoku Cloud Analysis 02.02.2012 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are moving upwards in parallel and still under pressure of “Golden Cross”, both lines are horizontal. Ichimoku Cloud is also going up (2), Senkou Span A is also horizontal, and Senkou Span B turned upwards. Chinkou Lagging Span is above the chart, the price is above the indicator’s lines. In the near term, we can expect attempts of the price to stay inside the channel between Tenkan-Sen and Kijun-Sen.