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Forex Technical analysis and forecasts

09.02.2012 / 14:20

Forex Technical Analysis 2012/10/02 (EUR/USD, GBP/USD, USD/CAD, NZD/USD) Forecast FX

The EUR/USD currency pair continues moving according to the forecast. At the moment we should expect the price to test the level of 1.3475, which may be a starting point of the correction to the channel’s lower border in the area of 1.3265. One can consider buying the pair with the tight stop near these levels. The target of the growth is the area of 1.3655. If the price leaves the channel, this case scenario will be cancelled.

Forex Wave analysis and forecast

09.02.2012 / 13:24

Wave Analysis 09.02.2012 (NZD/USD, EUR/USD)

It looks like wave [4] has been finally completed. In the near term, we can expect the price to start growing up while forming the fifth wave. This wave is likely to be very short, the level of 0.8450 will be enough for the bulls. After that, we can expect the market to reverse downwards.

Forex Murray math lines and forecasts

09.02.2012 / 14:04

Murray Math Lines 09.02.2012 (USD/CAD, AUD/JPY, GBP/JPY)

Canadian Dollar continues consolidating near the 3/8 level below the H4 Super Trend’s line. The pair has rebounded from this indicator more than once already. In the near term, the price may start falling down again. The target for the bears is the 0/8 level.

Forex Ichimoku cloud analysis and forecast

09.02.2012 / 13:38

Ichimoku Cloud Analysis 09.02.2012 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud is still going up, Senkou Spans A and B are also horizontal. Chinkou Lagging Span is on the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect the price to grow up and resistance of Tenkan-Sen.