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Forex Wave analysis and forecast

24.02.2012 / 09:42

Wave Analysis 24.02.2012 (NZD/USD, EUR/USD)

Little by little, the price is confirming the scenario which includes the formation of diagonal triangle pattern in wave [5] of C. The pair has already rebounded from the pattern’s lower border and may break the local maximum this Friday.

Forex Murray math lines and forecasts

24.02.2012 / 09:19

Murray Math Lines 24.02.2012 (AUD/USD, EUR/JPY, NZD/JPY)

Australian Dollar couldn’t stay below the daily Super Trend for a long time, the pair started to move upwards again and has already reached the 8/8 level. If the bulls break this level, the market will continue growing up towards the +2/8 one.

Forex Ichimoku cloud analysis and forecast

24.02.2012 / 11:43

Ichimoku Cloud Analysis 24.02.2012 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Dead Cross” (1), both lines are horizontal. Ichimoku Cloud is going down (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart, the price is in the channel between Tenkan-Sen and Kijun Sen. In the near term, we can expect resistance of Kijun-Sen and Senkou Span A.