13.08.2012 / 16:07
The EUR/USD currency pair is moving inside the ascending channel. At the H4 chart the price is forming also forming the ascending pattern, the final target of the growth is the area of 1.2530. One can consider buying Euro aggressively from the current levels and increase the amount of long positions only after the price breaks the level of 1.24. If the pair falls down lower than 1.2220, this scenario will be cancelled and the price may continue falling down towards the area of 1.20.
13.08.2012 / 11:47
We may assume that wave 2 has been completed in the form of zigzag pattern. On the minor wave level the price is forming an initial impulse inside wave . Most likely, the pair will continue moving downwards in the nearest future.
13.08.2012 / 12:47
Canadian Dollar is moving below the 3/8 level, the bears are supported by the H4 Super Trend’s line. We can’t exclude a possibility that the price may continue moving downwards in the nearest future. The main target is at the 0/8 level.
13.08.2012 / 12:25
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), Tenkan-Sen is horizontal, and Kijun-Sen is moving upwards. Kumo Cloud is going up (2), Senkou Spans A and B are horizontal. Chinkou Lagging Span is rebounding from the chart in upwards, the price is above the indicator’s lines. Short-term forecast: we can expect support of Tenkan Sen and Kijun-Sen, and the price to move upwards. Buy Limit and Stop Loss are placed below Tenkan Sen and Kijun-Sen.
13.08.2012 / 11:21
The H4 chart of the EUR/USD currency pair shows a bearish tendency, which is indicated by Tweezers pattern. Three Methods continuation pattern, Three Line Break and Heiken Ashi candlesticks charts confirm a descending movement; Hammer candlestick indicates a possible correction.