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Forex Wave analysis and forecast

01.05.2012 / 09:57

Wave Analysis 01.05.2012 (NZD/USD, EUR/USD)

After finishing a long zigzag pattern in wave [2], the price completed an initial descending impulse. Yesterday the pair formed wave (2), and right now it is starting the third one. The price may reach a new local minimum during the next several days.

Forex Murray math lines and forecasts

01.05.2012 / 12:47

Murray Math Lines 01.05.2012 (NZD/USD, AUD/JPY, GBP/JPY)

Yesterday the NZD/USD currency pair rebounded from the daily Super Trend’s line, and it may be a starting point of a new down-trend. If the market breaks the weekly Super Trend’s line, which is a bit lower, the price will continue falling down towards the -2/8 level, break it, and the lines at the chart will be redrawn.

Forex Ichimoku cloud analysis and forecast

01.05.2012 / 11:37

Ichimoku Cloud Analysis 01.05.2012 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross”, Tenkan Sen turned downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Span A is horizontal, and Senkou Span B is moving upwards. 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 support of Kijun Sen.
01.05.2012 / 10:40

Japanese Candlesticks Analysis 01.05.2012 (EUR/USD, USD/JPY)

The H4 chart of the EUR/USD currency pair shows a bullish tendency on the ascending trend. Window 2011.11.25 is a resistance level. Evening Star pattern indicates a slight bearish correction. Three Line Break and Heiken Ashi candlestick charts confirm an ascending trend.