Home / Analytics / Forex analysis & forecasts / Analysis for 04 April 2012 year

RSS 

Forex Forecasts by date

Select date   
  April 2012  
MoTuWeThFrSaSu
      1
23
4
5678
9101112131415
16171819202122
23242526272829
30      
 

Forex Technical analysis and forecasts

04.04.2012 / 17:58

Forex Technical Analysis 2012/05/04 (EUR/USD, GBP/USD, USD/CHF, NZD/USD, USD/CAD) Forecast FX

The EUR/USD currency pair broke “triangle” pattern downwards. Currently the price is completing the pattern, the target of which is in the area of 1.3120. At the H1 chart of the pair we can see the formation of a descending pattern with the target at the level of 1.31. We should expect the pair to be corrected to the level of 1.32, where one can consider selling it. The test of the trend’s ascending line at the RSI is an additional signal for the correction. Judging by the price structure of Euro, we can’t exclude a possibility that it may start growing up from the current levels into the area of 1.33, and then continue falling down.

Forex Wave analysis and forecast

04.04.2012 / 08:54

Wave Analysis 04.04.2012 (NZD/USD, EUR/USD)

Yesterday’s fall of the price makes us return to the previous chart structure. Wave 2 has totally corrected the first one. Most likely, the price will start forming wedge pattern in wave (3). In the near term, we can expect the pair to reach a new local minimum.

Forex Murray math lines and forecasts

04.04.2012 / 09:25

Murray Math Lines 04.04.2012 (USD/CAD, GBP/JPY, NZD/USD)

The correction started from the 4/8 level, and it is supported by the H4 Super Trend’s line. Most likely, the price will continue moving downwards. The target for the bears is the 6/8 level.

Forex Ichimoku cloud analysis and forecast

04.04.2012 / 13:43

Ichimoku Cloud Analysis 04.04.2012 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Span A is moving downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart and rebounding from it downwards, the price is inside Kumo Cloud. In the near term, we can expect the price to fall down to Senkou Span B.
04.04.2012 / 13:19

Japanese Candlesticks Analysis 04.04.2012 (EUR/USD, USD/JPY)

The H4 chart of the EUR/USD currency pair indicates a bearish tendency on the descending trend. Window 2011.10.03 is a resistance level, the price made a reverse after Doji and Tweezers patterns. Three Line Break and Heiken Ashi candlestick charts confirm a descending trend.