09.05.2012 / 19:22
Not according to our forecast, but the EUR/USD currency pair has fallen down towards “triangle’s” lower border. However, we shouldn’t expect it fall down much from the current levels. At the H4 chart of the pair the price is forming “head & shoulders” reversal pattern at the RSI. The closest target of the growth is the area of 1.3060. One can consider buying the pair aggressively from the current levels with the stop below 1.2955. If the price reaches a new local minimum, we recommend you to stay out of the market.
09.05.2012 / 16:43
New Zealand Dollar continues moving downwards inside the third wave. The market has fallen down for about 400 pips over the last couple of days. It looks like wave (3) is almost completed. In the near term, we can expect the start of the correction, during which I will try to open one more sell order.
09.05.2012 / 18:21
The GBP/CHF currency pair couldn’t eliminate the gap, which took place on Monday during the market opening. After rebounding from the H4 Super Trend’s line, the price started growing up again, and I’ve moved the stop on buy order into the black. The short-term target is the 8/8 level.
09.05.2012 / 17:29
The H4 chart of the EUR/USD currency pair shows a bearish tendency on the descending trend. A sideways correction has been finished after Tweezers pattern. A new Window is a resistance level. Three Line Break and Heiken Ashi candlestick charts confirm a descending movement.