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Forex Technical analysis and forecasts

07.02.2012 / 17:53

Forex Technical Analysis 2012/08/02 (EUR/USD, GBP/USD, USD/CHF, NZD/USD) Forecast FX

The EUR/USD currency pair continues moving inside the range. One can consider selling the pair with the tight stop near the channel’s upper border, the closest target of the fall is the area of 1.2800. If the price grows higher than 1.3205, this case scenario will be cancelled and we should expect the start of the rising movement.

Forex Wave analysis and forecast

07.02.2012 / 08:20

Wave Analysis 07.02.2012 (NZD/USD, EUR/USD)

After an extension in wave [3] has been completed, the correction is taking place. Most likely, the price will continue forming the fourth wave on Tuesday and Wednesday. After that we can expect a final rising wave, [5] of C.

Forex Murray math lines and forecasts

07.02.2012 / 08:22

Murray Math Lines 07.02.2012 (NZD/USD, USD/CAD, GBP/JPY)

The NZD/USD currency pair tried to break the lower border of an “overbought zone” twice, but failed and rebounded from it each time. The fact, that the H4 Super Trend’s line is close to this level, makes the level more important. In the near term, we can expect the price to continue moving upwards to the +2/8 level. If the market breaks this level, the lines at the chart will be redrawn.

Forex Ichimoku cloud analysis and forecast

07.02.2012 / 12:08

Ichimoku Cloud Analysis 07.02.2012 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross”, both lines are horizontal. Ichimoku Cloud continues 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 Kijun-Sen and the price to move downwards to the cloud’s lower border.