10.07.2012 / 17:45
The EUR/USD is moving inside the descending channel and there is still a possibility that it may continue falling down. The final target of the pattern is the area of 1.20. One can consider selling the pair from the current levels with the tight stop above 1.2365 and increase the amount of short positions only after the price breaks the level of 1.2250. If Euro grows up higher than 1.2370, we should expect it to continue moving upwards.
10.07.2012 / 08:53
It looks like New Zealand Dollar is making a reverse downwards. Wave 2 has been completed in the form of zigzag pattern. Currently the price is forming initial bearish waves. In the nearest future the pair may continue falling down.
10.07.2012 / 10:01
The GBP/CHF currency pair is consolidating near the upper border of an “overbought zone”, the correction is supported by the H4 Super Trend. We can’t exclude a possibility that the market may reach the +2/8 level in the nearest future. If the price breaks this level, the lines at the chart will be redrawn.
10.07.2012 / 12:39
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen is moving downwards. Kumo Cloud is going down (2), Senkou Span A is also directed upwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect resistance of Kijun-Sen and the price to continue moving downwards.
10.07.2012 / 10:34
The H4 chart of the EUR/USD currency pair shows a bearish tendency on the descending trend, which is indicated by Tweezers pattern. The price continued moving downwards after Three Methods pattern. Three Line Break and Heiken Ashi candlestick charts confirm a descending movement.