24.04.2012 / 17:55
The EUR/USD currency pair is moving according to our forecast. Yesterday we had an opportunity to buy Euro at the price of 1.3110. At the moment the price continues forming the ascending pattern, the target of the growth is the area of 1.3290. One can consider buying the pair from the current levels with the stop below 1.3140. If Euro falls down lower than 1.3100, this scenario will be cancelled.
24.04.2012 / 14:42
It looks like the price, after completing zigzag pattern in wave , finished a descending impulse. At the moment the local correction is taking place. In the near term, we can expect the price to start falling down while forming the third wave.
24.04.2012 / 15:09
At the H1 chart the price has left an “overbought zone”, but currently the market is again testing the 8/8 level and the H4 Super Trend’s line. It looks like the market is going to rebound from these levels. If it does, the correction may continue up to the 6/8 level, where Take Profit on short-term sell order is placed.
24.04.2012 / 13:47
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Golden Cross” (1), both lines are directed upwards. Ichimoku Cloud is going up (2), Senkou Spans A and B are also moving upwards. Chinkou Lagging Span is far 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 move upwards.
24.04.2012 / 13:18
The H4 chart of the EUR/USD currency pair shows a bullish correction on the descending trend, which is indicated by Inverted Hammer, Doji and Three White Soldiers patterns. Window, which is the closest to the price, is a resistance level. Three Inside Down pattern indicates that the correction has been finished. Three Line Break chart indicates a descending trend, Heiken Ashi candlesticks confirm a correction.