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Forex Technical analysis and forecasts

02.04.2012 / 21:03

Forex Technical Analysis 2012/03/04 (EUR/USD, GBP/USD, USD/CHF, AUD/USD) Forecast FX

The EUR/USD currency pair continues moving inside an ascending pattern with the target in the area of 1.3515. The RSI indicator was supported by the trend’s ascending line, we should expect it to rebound from the current levels. Aggressive traders are advised to try to buy the pair with the tight stop from the current levels. Conservative traders are advised to consider buying the pair only after the price breaks the level of 1.3395. If Euro falls down lower than 1.3290, this case scenario will be cancelled.

Forex Wave analysis and forecast

02.04.2012 / 10:24

Wave Analysis 02.04.2012 (NZD/USD, EUR/USD)

It looks like the pair, after completing flat pattern in wave [2], is on the verge of a very significant fall. Earlier the price formed an initial wedge pattern in wave [1]. Most likely, the pair will start moving downwards again during the next several days.

Forex Murray math lines and forecasts

02.04.2012 / 18:23

Murray Math Lines 02.04.2012 (USD/CHF, GBP/JPY, GBP/CHF)

Franc broke the 4/8 level and is now moving below it. The bears are supported by the H4 Super Trend’s line. Most likely, the price will continue moving downwards in the nearest future. The target for the next several days is the 0/8 level.

Forex Ichimoku cloud analysis and forecast

02.04.2012 / 15:59

Japanese Candlesticks Analysis 02.04.2012 (EUR/USD, USD/JPY)

The H4 chart of the EUR/USD currency pair indicates a sideways tendency on the ascending trend. Window 2011.10.03 is a resistance level, Window 2011.11.25 is a support level and the price formed Morning Star pattern here. Currently the price is completing Three Methods continuation pattern. Three Line Break chart indicates a correction, Heiken Ashi candlesticks confirm an ascending trend.
02.04.2012 / 15:41

Ichimoku Cloud Analysis 02.04.2012 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected again above Kumo Cloud forming “Golden Cross” (1), both lines are directed upwards. Ichimoku Cloud is going up (2), Senkou Span A is moving 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 Tenkan-Sen and the price to grow up.