08.08.2012 / 11:07
We may assume that wave 2 has been finally completed. The correction has taken the form of zigzag pattern with extended flat pattern inside wave [B]. Later we can expect the price to start forming an initial impulse inside wave .
08.08.2012 / 12:35
The price has rebounded from the 5/8 level twice in a row. Now the bears have to break the H4 Super Trend and then the daily one as well. Later the price may continue falling down towards the 0/8 level.
08.08.2012 / 12:41
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1), both lines are horizontal. Kumo Cloud is narrow and continues going down (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is on the chart and crossed a black candlestick, the price is above the indicator’s lines. Short-term forecast: we can expect support of Senkou Span A and the price to move upwards.
08.08.2012 / 12:07
The H4 chart of the EUR/USD currency pair shows a bullish tendency, which is indicated by Tower patterns. Tweezers pattern, Three Line Break and Heiken Ashi candlesticks charts indicate the correction.