13.02.2012 / 17:42
The EUR/USD currency pair continues moving inside the rising channel. Currently we should expect the price to test the upper border, where one can consider selling the pair with the tight stop. The test of the trend’s descending line at the RSI is an additional signal to sell the pair. If the price breaks the upper border and leaves the channel, this case scenario will be cancelled.
13.02.2012 / 16:30
As we expected, the price started forming the fifth wave. The pair may reach a new local maximum on Monday. However, the price can’t grow up forever, so in the future we should expect the market to make a reverse.
13.02.2012 / 17:32
Swiss Franc rebounded from the 2/8 level and the H4 Super Trend’s line. At the moment the main target for the bears is the 0/8 level, where Take Profit on sell orders is placed. The price may reach a new local minimum within the next several days.
13.02.2012 / 16:34
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, Senkou Span A is also horizontal, and Senkou Span B is directed upwards. Chinkou Lagging Span is above the chart, the price is above Kumo Cloud, in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect the price to continue moving upwards and return to support of Kijun-Sen.