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Forex Technical analysis and forecasts

28.02.2012 / 19:03

Forex Technical Analysis 2012/29/02 (EUR/USD, GBP/USD, USD/CAD, CAD/JPY) Forecast FX

The EUR/USD currency pair continues growing up. In our previous analysis we discussed a possibility that the price may start moving downwards. Currently at the H4 chart we have “failure swing” reversal pattern forming at the RSI. One can try to sell Euro with the tight stop. The closest target of the fall is the area of 1.3385, the next one will be the rising channel’s lower border.

Forex Wave analysis and forecast

28.02.2012 / 11:23

Wave Analysis 28.02.2012 (NZD/USD, EUR/USD)

The price continues forming diagonal triangle pattern in wave [5] of C, and may break local maximum during the day. However, we shouldn’t expect the pair to grow very high. When the price reaches the level of 0.8500, we can expect a reverse and the start of a long-awaited correction.

Forex Murray math lines and forecasts

28.02.2012 / 09:45

Murray Math Lines 28.02.2012 (USD/CAD, AUD/USD, SILVER)

Canadian Dollar couldn’t stay above the daily Super Trend for a long time and moved back below it. Now the main target is the 0/8 level. However, in order to continue moving downwards, the bears must break the 3/8 level in the first place.

Forex Ichimoku cloud analysis and forecast

28.02.2012 / 11:48

Ichimoku Cloud Analysis 28.02.2012 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud is going up (2), 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 resistance of Tenkan-Sen.