25.04.2012 / 17:21
The EUR/USD currency pair continues growing up inside the ascending channel, the target of the growth is still the area of 1.3290. One can consider buying Euro from the current levels with the tight stop below 1.3180. We recommend to increase the amount of purchases only after the price breaks the resistance level of 1.3235.
25.04.2012 / 09:57
After completing long zigzag pattern in wave , the price formed an initial descending impulse. It looks like the local correction has also been finished. In the near term, we can expect the price to start falling down while forming wave (3).
25.04.2012 / 11:40
After rebounding from the daily Super Trend’s line, Canadian Dollar reached a new local minimum. I keep holding two sell orders. If the market stays below the 3/8 level, the price will continue falling down towards the 0/8 one.
25.04.2012 / 15:04
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen is horizontal, and Kijun-Sen is directed upwards. Ichimoku Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect resistance of Tenkan-Sen and the price to move downwards.
25.04.2012 / 11:57
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. Hammer pattern indicates that the correction continues. Three Line Break and Heiken Ashi candlestick charts confirm a correction.