Home / Analytics / Forex analysis & forecasts / Analysis for 20 February 2012 year

RSS 

Forex Forecasts by date

Select date   
  February 2012  
MoTuWeThFrSaSu
  12345
6789101112
13141516171819
20
212223242526
272829    
 

Forex Technical analysis and forecasts

20.02.2012 / 17:09

Forex Technical Analysis 2012/21/02 (EUR/USD, GBP/USD, USD/CHF, GBP/JPY) Forecast FX

The EUR/USD currency pair continues growing up. At the moment the RSI indicator is facing the resistance from the trend’s descending line, we should expect it to rebound from the line and start moving downwards. The closest target of the fall is the area of 1.3050, the next one - 1.2830. One can consider selling the pair with the tight stop and increase the amount of sales only after the price breaks the level of 1.2975. If the price breaks the level of 1.3300, this case scenario will be cancelled.

Forex Wave analysis and forecast

20.02.2012 / 14:46

Wave Analysis 20.02.2012 (NZD/USD, EUR/USD)

Today the market was opened with a gap up and the price has reached a new local maximum. We may assume that the pair is forming wave [5] of C. We can expect the price to continue moving upwards during the next several days.

Forex Murray math lines and forecasts

20.02.2012 / 10:05

Murray Math Lines 20.02.2012 (SILVER, USD/CAD, GBP/JPY)

After rebounding from the 6/8 level and the daily Super Trend’s line, the price is trying to break the 7/8 one. Most likely, the bulls will break this level on Monday. After that we can expect the price to grow up towards the +2/8 level.

Forex Ichimoku cloud analysis and forecast

20.02.2012 / 17:06

Ichimoku Cloud Analysis 20.02.2012 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), Tenkan Sen is directed upwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Span A turned upwards, and Senkou Span B is 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 Senkou Span B.