04.07.2012 / 17:22
The EUR/USD currency pair continues moving inside a narrow trading range, the price hasn’t been able to grow up higher than 1.2635. Currently the pair is still expected to move downwards into the area of 1.2540. The target of the descending pattern at the H4 chart is the area of 1.24. If Euro grows up higher than 1.2715, this scenario will be cancelled. One can consider selling the pair from the current levels.
04.07.2012 / 09:09
We may assume that the price is forming diagonal triangle pattern with the second wave inside it. It looks like an ascending zigzag pattern may be completed in the nearest future. We can’t exclude a possibility that during this week the pair may make a reverse and start falling down inside the third wave.
04.07.2012 / 12:18
Franc is moving in the middle of the H4 chart. Yesterday the Super Trends’ lines formed “bearish cross”. Most likely the price will finish the local correction and then continue falling down. The target is at the 0/8 level, but I’ve decided to secure my short-term sell order from any risk and placed Take Profit at the 1/8 one.
04.07.2012 / 11:38
GBPUSD, Time Frame H4 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), both lines are horizontal. Kumo Cloud squeezed (2), Senkou Span A is also horizontal, and Senkou Span B is moving downwards. 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 of Tenkan-Sen and the price to move downwards inside the channel.
04.07.2012 / 10:52
The H4 chart of the EUR/USD currency pair shows a bearish tendency on the sideways trend, which is indicated by Tweezers pattern. Window 2012.01.06 is a support level. Three Line Break chart indicates an ascending movement, Heiken Ashi candlesticks confirm the bearish tendency.