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Forex Technical analysis and forecasts

25.05.2012 / 20:06

Forex Technical Analysis 2012/28/05 (EUR/USD, GBP/USD, USD/CHF, AUD/USD) Forecast FX

The EUR/USD currency pair continues moving inside the descending trend. At the moment we should expect the price to test the channel’s upper border. One can consider selling the pair with the tight stop 1.2705 near the area of 1.2670. The closest target of the fall is the area of 1.2475. If the price breaks the channel’s upper border, this scenario will be cancelled.

Forex Wave analysis and forecast

25.05.2012 / 09:53

Wave Analysis 25.05.2012 (NZD/USD, EUR/USD)

It looks like the market is being corrected after finishing a descending impulse in wave (3). Most likely, the formation of the fourth wave won’t take much time. The price may start moving downwards again in wave (5) of [3] during the next several days.

Forex Murray math lines and forecasts

25.05.2012 / 10:28

Murray Math Lines 25.05.2012 (NZD/JPY, AUD/USD, EUR/JPY)

The NZD/JPY currency pair continues consolidating below the 3/8 level, the bears are supported by the H4 Super Trend’s line. If the price rebounds from the line, the market will continue falling down towards the 0/8 level.

Forex Ichimoku cloud analysis and forecast

25.05.2012 / 13:25

Ichimoku Cloud Analysis 25.05.2012 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross”, both lines are horizontal. Ichimoku Cloud is going down (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart, the price is below the indicator’s lines. In the near term, we can expect resistance of Tenkan-Sen.
25.05.2012 / 12:51

Japanese Candlesticks Analysis 25.05.2012 (EUR/USD, USD/JPY)

The H4 chart of the EUR/USD currency pair shows the start of a correction of the descending trend, which is indicated by Tweezers pattern. Three Line Break indicates the descending trend, Heiken Ashi candlesticks confirm a corrective mood.