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Forex Technical analysis and forecasts

27.04.2012 / 18:04

Forex Technical Analysis 2012/30/04 (EUR/USD, GBP/USD, USD/CHF, AUD/USD, NZD/USD) Forecast FX

The EUR/USD currency pair continues moving inside the ascending channel. The closest target of the growth is the area of 1.3290, which is expected to be a starting point of the descending correction to the level of 1.3220. An overall movement at the H4 chart looks like a symmetrical pattern with the target of 1.3370. One can consider buying the pair from the current levels, the stop must be placed below 1.3150. If the price breaks the ascending channel’s lower border, this scenario will be cancelled.

Forex Wave analysis and forecast

27.04.2012 / 12:20

Wave Analysis 27.04.2012 (NZD/USD, EUR/USD)

We may assume that wave (2) has been completed and the market is going to start a significant descending movement inside the third wave. Yesterday I opened a sell order with the stop placed above the local maximum. I’ll move the stop into the black as soon as possible.

Forex Murray math lines and forecasts

27.04.2012 / 13:36

Murray Math Lines 27.04.2012 (USD/CAD, AUD/JPY, GBP/JPY)

The market is less than 100 pips away from the target level, the 0/8 one. The pair wasn’t able to stay above the Super Trend’s line, that’s why in the nearest future the market will continue moving downwards. The price may reach a new local minimum within the next several days.

Forex Ichimoku cloud analysis and forecast

27.04.2012 / 13:51

Ichimoku Cloud Analysis 27.04.2012 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are under pressure of “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 above the chart and moving away from it, 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.