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Forex Technical analysis and forecasts

06.06.2012 / 17:06

Forex Technical Analysis 2012/07/06 (EUR/USD, GBP/USD, USD/CHF, AUD/USD, NZD/USD) Forecast FX

The EUR/USD currency pair continues moving upwards and at the moment we can see first signs of the correction. One can consider buying Euro with the tight stop below 1.2420. The closest target of the growth is the area of 1.2630. We recommend to increase the amount of long positions only after the price breaks the level of 1.2540. If the pair falls down lower than 1.2360, this scenario will be cancelled.

Forex Wave analysis and forecast

06.06.2012 / 11:35

Wave Analysis 06.06.2012 (NZD/USD, EUR/USD)

It looks like the price is finishing wave (4). The pair may break the local maximum during the day, but the market is unlikely to move much higher. In the near term, we can expect the price to start moving downwards again while forming wave (5) of [3].

Forex Murray math lines and forecasts

06.06.2012 / 17:34

Murray Math Lines 06.06.2012 (GBP/JPY, EUR/GBP, USD/CAD)

The lines at the H4 and the daily charts are completely the same. The pair is trying to rebound from the daily Super Trend’s line. If the bears succeed in doing it, the price will continue falling down towards the 0/8 level.

Forex Ichimoku cloud analysis and forecast

06.06.2012 / 13:22

Ichimoku Cloud Analysis 06.06.2012 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross” (1), right now the lines are moving towards each other, Tenkan-Sen is horizontal, and Kijun-Sen is directed downwards. Ichimoku Cloud is still going down, Senkou Span A turned downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is moving towards the chart, the price is above Tenkan Sen and Kijun Sen, below Kumo Cloud. In the near term, we can expect support of Kijun-Sen and the price to move upwards to the cloud’s upper border. Stop Loss has been moved into the black, Take Profit is placed near Kumo’s lower border.
06.06.2012 / 12:41

Japanese Candlesticks Analysis 06.06.2012 (EUR/USD, USD/JPY)

The H4 chart of the EUR/USD currency pair shows the correction on the descending trend, which is indicated by Hammer and Engulfing Bullish patterns. Window is the closest resistance level. Three Line Break chart indicates a bearish pullback, Heiken Ashi candlesticks confirm an ascending movement.