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Forex Technical analysis and forecasts

10.04.2012 / 17:56

Forex Technical Analysis 2012/11/04 (EUR/USD, DOLLAR INDEX, GBP/USD, USD/CHF, NZD/USD, AUD/USD) Forecast FX

The EUR/USD currency pair is moving according to the forecast. The price has reached the area of 1.3150 and right now it is moving downwards. We should expect the price to test the level of 1.3030, where one can consider buying Euro aggressively. The closest target of the growth in this case is the area of 1.32. Conservative traders are advised to start buying the pair after the price breaks the channel’s upper border. If Euro falls down lower than 1.30, this case scenario will be cancelled.

Forex Wave analysis and forecast

10.04.2012 / 10:29

Wave Analysis 10.04.2012 (NZD/USD, EUR/USD)

Wave [2] has been finished in the form of zigzag pattern with a long wave (B) inside it. After completing the correction, the price formed an initial descending impulse. It looks like wave (2) is almost finished. The price may start forming the third wave on Tuesday.

Forex Murray math lines and forecasts

10.04.2012 / 14:31

Murray Math Lines 10.04.2012 (AUD/USD, AUD/JPY, NZD/USD)

Australian Dollar is being corrected below the 4/8 level. Most likely, it’s just another correction inside the current down-trend. The target level is the 0/8 one, but in order to reach it the bears have to break the 3/8 level and stay below it.

Forex Ichimoku cloud analysis and forecast

10.04.2012 / 14:21

Ichimoku Cloud Analysis 10.04.2012 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), both lines are horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart, the price is below the indicator’s lines. In the near term, we can expect resistance of Tenkan-Sen and the price to fall down.
10.04.2012 / 11:05

Japanese Candlesticks Analysis 10.04.2012 (EUR/USD, USD/JPY)

The H4 chart of the EUR/USD currency pair shows a bullish correction on the descending trend. Bearish Tweezers pattern indicates the start of the correction. Three Line Break and Heiken Ashi candlestick charts confirm an ascending correction.