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Forex Technical analysis and forecasts

08.06.2012 / 15:56

Forex Technical Analysis 2012/11/06 (EUR/USD, GBP/USD, USD/CHF, USD/CAD, NZD/USD) Forecast FX

The EUR/USD currency pair is being corrected, currently the price is testing the ascending pattern’s lower border. We should expect the pair to start growing from the current levels. The target of the ascending pattern is the area of 1.2730, one can consider buying Euro with the tight stop. If the price falls down lower than 1.2425, this scenario will be cancelled.

Forex Wave analysis and forecast

08.06.2012 / 11:31

Wave Analysis 08.06.2012 (NZD/USD, EUR/USD)

It looks like wave (4) has been finished and the price is starting the formation of wave (5) of [3]. The pair may continue falling down in the nearest future. The target for the next several days is at the level of 0.7350.

Forex Murray math lines and forecasts

08.06.2012 / 16:41

Murray Math Lines 08.06.2012 (USD/CAD, USD/CHF, SILVER)

The bears weren’t able to keep the price above the 4/8 level for a long time, the pair rebounded from it and broke both Super Trends’ lines backwards. In the near term, we can expect the price to continue growing up towards the 8/8 level.

Forex Ichimoku cloud analysis and forecast

08.06.2012 / 13:18

Ichimoku Cloud Analysis 08.06.2012 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), Tenkan Sen is horizontal, and Kijun-Sen is directed upwards. Ichimoku Cloud is very narrow and still going down, Senkou Span A turned upwards, and Senkou Span B is horizontal. Chinkou Lagging Span is above the chart, the price is below the indicator’s lines. In the near term, we can expect resistance of Kijun-Sen and Senkou Span A, and the price to fall down.
08.06.2012 / 12:25

Japanese Candlesticks Analysis 08.06.2012 (EUR/USD, USD/JPY)

The H4 chart of the EUR/USD currency pair shows the descending trend, which is indicated by Tweezers and Hanging Man patterns. Three Line Break and Heiken Ashi candlestick charts confirm a descending movement.