01.06.2012 / 16:37
The EUR/USD currency pair continues moving according to the forecast. By now it has reached all yesterday’s target of the fall. The price may be corrected to the channel’s upper border in the area of 1.2455, which is expected to be a starting point of the descending movement. It Euro grows up higher than 1.2540, this scenario will be cancelled. One can consider buying the pair aggressively with the tight stop.
01.06.2012 / 16:32
It looks like the price has finished the fourth wave inside wave . Currently the market is forming wave (5) and slowly moving towards the local minimum. Take Profit on both sell orders is placed at the end of the fifth wave, ‘cause after it we can expect a deep correction.
01.06.2012 / 16:34
The NZD/JPY currency pair continues falling down slowly, the bears are supported by the H4 Super Trend’s line. The short-term target is the 0/8 level, which may be reached within the next several days.
01.06.2012 / 16:30
The H4 chart of the EUR/USD currency pair shows a bearish tendency on the descending trend, which is indicated by Three Methods pattern. A closed ascending Window is a resistance level, latter Hammer patterns haven’t been confirmed. Three Line Break and Heiken Ashi candlestick charts confirm the descending trend.
01.06.2012 / 16:27
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross” (1), right now both lines are horizontal. Ichimoku Cloud is going down, Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart, the price is below the indicators line. In the near term, we can expect the price to move downwards and then try to stay inside the channel between Tenkan Sen and Kijun-Sen.