07.06.2012 / 17:25
The EUR/USD currency pair continues moving according to the forecast. At the moment the price may grow up into the area of 1.2690, which is expected to be a starting point of the correction. One can consider buying the pair near the level of 1.2585, the target of the ascending pattern is the area of 1.2840. If Euro falls down lower than 1.2510, this scenario will be cancelled. Right now one can try to buy the pair from the current levels with the tight stop.
07.06.2012 / 10:12
It looks like the price is finishing the formation of wave (4). There is a possibility that the pair may start forming a descending wave (5) of  in the nearest future. After that we can expect the price to reach a new local minimum.
07.06.2012 / 13:53
The USD/JPY currency pair is still being corrected. The stop on my previous sell order worked, so I’ve decided to open a limit sell order, although it’s quite risky. The 4/8 level is a critical one, that’s why if the price beaks it, the bearish expectations will be ruined.
07.06.2012 / 11:47
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), Tenkan Sen is directed upwards, and Kijun-Sen is horizontal. Ichimoku Cloud is still going down, but Senkou Span A turned upwards, and Senkou Span B is horizontal. Chinkou Lagging Span is rebounding from the chart downwards, the price is above Tenkan Sen and Kijun Sen, below Kumo Cloud. In the near term, we can expect support of Tenkan-Sen and the price to grow up towards the cloud’s upper border. Stop Loss is below Tenkan-Sen, Take Profit is placed near Kumo’s lower border.
07.06.2012 / 11:01
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. The price has broken Window 2012.05.28, now it is a support level. Three Line Break and Heiken Ashi candlestick charts confirm an ascending movement.