21.06.2012 / 08:46
It looks like the price has completed zigzag pattern in wave  and the bears are trying to reverse the market in a downward direction. Most likely, the pair will start forming an initial wave (1) in the nearest future. I may open one more sell order during the next local correction.
21.06.2012 / 12:22
At the H4 chart the Super Trends’ lines have formed “bullish cross”. The buyers are trying to break the 4/8 level. If they succeed and are able to keep the price above the 5/8 level, the market will continue growing up towards the 8/8 one.
21.06.2012 / 11:46
GBPUSD, Time Frame H4 – Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross”, the lines are very close to each other and both are horizontal. Kumo Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect resistance Tenkan-Sen and the price to move downwards inside the channel. Stop Loss is placed above Tenkan-Sen.
21.06.2012 / 11:20
The H4 chart of the EUR/USD currency pair shows the start of a bearish tendency. Window 2012.01.09 is a resistance level, a new ascending closed Window is support level. Belt Hold and Long Legged Doji patterns, as well as resistance of Window 2012.01.09 and Heiken Ashi candlesticks, confirm a descending movement; Three Line Break chart indicates the bullish tendency.