29.02.2012 / 14:52
Although the EUR/USD currency pair reached the closest targets of the fall, it didn’t continue moving downwards. Currently the pair is testing local maximums. At the RSI we can see the formation of “head & shoulders” reversal pattern. We should expect Euro to fall from the current levels, the target of the fall is the area of 1.3105. One can consider selling the pair with the tight stop. If the price breaks the descending channel’s upper border, this case scenario will be cancelled.
29.02.2012 / 09:40
The price continues forming diagonal triangle pattern in wave  of C, and may reach a new local maximum during the day. However, we shouldn’t expect the market to grow higher than the level of 0.8500. Besides, there is a possibility that this level may be a starting point of a reverse.
29.02.2012 / 09:05
Despite the fact that the bulls broke the local maximum, they haven’t been able to break the 5/8 level yet. That’s why, in order to decrease the risk, I’ve moved the stop on buy order into the black. The short term target is still the 6/8 level.
29.02.2012 / 14:21
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 above the chart, the price is above the indicator’s lines. In the near term, we can expect the price to grow up and support of Tenkan-Sen.