18.04.2012 / 17:20
The EUR/USD currency pair didn’t start moving in an upward direction, currently the price is falling down, however, there is still a possibility that Euro may grow up. We should expect the price to test the area of 1.3045, where one can consider buying Euro with the tight stop. The closest target of the growth is the area of 1.3175, and after the pair breaks it, the pair may continue growing up towards the level of 1.3355. If the price falls down lower than 1.2990, this case scenario will be cancelled.
18.04.2012 / 10:31
The price completed forming an initial descending impulse in wave (1), and then the correction started. Most likely, the second wave will be finished within the next couple of days. After that we can expect the pair to start falling down while forming wave (3).
18.04.2012 / 12:53
Yesterday the price rebounded from the 8/8 level. The Super Trends’ lines formed “bearish cross”. After reaching the 4/8 level, the pair started consolidating. In the near term, we can expect the price to continue falling down towards the 0/8 level.
18.04.2012 / 14:35
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 directed upwards. 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 Kijun-Sen, and the price to move upwards.
18.04.2012 / 13:47
The H4 chart of the EUR/USD currency pair shows a bullish correction on the descending trend. Window, which is the closest to the price, is a resistance level. Three Line Break chart confirms a correction, Heiken Ashi candlesticks indicate a bearish pullback.