Posts Tagged ‘EURUSD’
Japanese Candlesticks Analysis 11.04.2013 (EUR/USD, USD/JPY)
Last Updated on Thursday, 11 April 2013 09:16 Written by admin Thursday, 11 April 2013 09:16
Analysis for April 11th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency. The closest Window is a support level. Three Line Break chart and Engulfing Bearish pattern indicate a bearish pullback; Harami pattern and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the EUR/USD currency pair shows a sideways tendency on the ascending trend. The closest Window is broken, now it’s a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement; Shooting Star pattern indicates a possible support of the Window.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair shows a sideways correction. The closest Window is a support level. Three Line Break chart indicates a descending movement; Hammer pattern and Heiken Ashi candlesticks confirm an ascending tendency.
RoboForex Analytical Department
Tags: EURUSD, USDJPY | Posted under Technical Analysis | No Comments
Forex Technical Analysis 10.04.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)
Last Updated on Wednesday, 10 April 2013 08:45 Written by admin Wednesday, 10 April 2013 08:45
Analysis for April 10th, 2013 From RoboForex
EUR/USD
The EUR/USD currency pair is still forming an ascending wave. We think today the price may complete another structure and start a correction to return to the level of 1.2880. Later, in our opinion, the pair may form a new ascending structure to reach the target at 1.3130. However, an alternative scenario implies that the pair may expand this wave up to the level of 1.3130 and then start a more serious correction towards the target at 1.2830. Later, in our opinion, the price may form another ascending structure to reach the maximum of this wave.
GBP/USD
The GBP/USD currency pair continues forming the third ascending wave with the target at 1.550. While forming this wave, the marker was able to form a correction towards the level of 1.5240. We think the price may form one more descending structure to reach the level of 1.5230. If the pair continues falling down, even lower than 1.5160, this movement should be considered as a correction. Later, in our opinion, the price may start a new ascending movement.
USD/CHF
The USD/CHF currency pair is still consolidating near its minimums; the market is forming the third descending wave with the target at 0.9200. If the pair returns to the levels of 0.9370 and 0.9400, this movement should be considered as a correction. Later, in our opinion, the price may continue falling down.
USD/JPY
The USD/JPY currency pair completed the first impulse and corrected it. We think today the price may continue falling down towards the next target, which is at the level of 97.60. After a correction towards the level of 98.50, the pair may form another descending structure to reach the target at 97.30. Later, in our opinion, the market may start forming a final ascending wave towards the target at 99.90.
AUD/USD
Australian Dollar is still forming an ascending wave and may complete it quite soon. We think today the price may form some kind of a reversal pattern and start forming a new descending wave. The nest target is at the level of 1.0120.
GOLD
Gold continues forming an ascending structure. We think today the price may reach the level of 1590 and then start a correction to return to the level of 1570. Later, in our opinion, the instrument may form another ascending structure to reach the target at 1600 and then start a new descending correction towards the level of 1560.
RoboForex Analytical Department
Tags: AUD/USD, EURUSD, GBPUSD, GOLD, USD/CHF, USDJPY | Posted under Technical Analysis | No Comments
Forex Technical Analysis 05.04.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)
Last Updated on Friday, 5 April 2013 09:27 Written by admin Friday, 5 April 2013 09:27
Analysis for April 5th, 2013 From RoboForex
EUR/USD
The EUR/USD currency pair reached a new minimum and completed an ascending correction. The structure of this ascending movement implies that the price may continue growing up a bit towards the level of 1.2970; however, the market is very unlikely to break the channel’s border. Later, in our opinion, the pair may start a new descending movement to reach new minimums. The target is at the level of 1.2700 (at least).
GBP/USD
The GBP/USD currency pair started forming the third ascending wave. We think today the price may continue growing up according to the main scenario: a slight correction towards the level of 1.5160, another ascending structure to break the current maximums. The target is at the level of 1.5440.
USD/CHF
The USD/CHF currency pair completed a descending wave. We think today the price may grow up towards the level of 0.9500 and form diamond technical pattern, a reversal one in this case. Later, in our opinion, the pair may start a new descending trend with the target at 0.8700. Right now, the market is forming the right part of the pattern. The next thing is the sixth structure, which may be a descending one, and break the current minimums.
USD/JPY
The USD/JPY currency pair continues forming an ascending wave; the market has broken the maximum. We think today the price may foam a descending correction towards the level of 94.20 and then form a new ascending structure to reach the target at 98.30. Later, in our opinion, the pair may return to the level of 96.20 and then start a new ascending movement towards the target at 99.90.
AUD/USD
Australian Dollar finished its descending structure towards the level of 1.0390 and corrected it. We think today the price may continue falling down and break yesterday’s minimum. The first target is at 1.0325. Later, in our opinion, the pair may test the level of 1.0380 from below and continue moving downwards to reach the target at 1.0300.
GOLD
Gold started forming a reversal pattern; it has already formed the first ascending wave. We think today the price may form a correction towards the level of 1546, break the top of the first wave, and then start a new correction to reach the level of 1570. Later, in our opinion, the instrument may form another correction towards the level of 1556 and then start moving upwards to reach the target at 1592.
RoboForex Analytical Department
Tags: AUD/USD, EURUSD, GBPUSD, GOLD, USD/CHF, USDJPY | Posted under Technical Analysis | No Comments
Forex Technical Analysis 03.04.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)
Last Updated on Wednesday, 3 April 2013 08:50 Written by admin Wednesday, 3 April 2013 08:50
Analysis for April 3rd, 2013 From RoboForex
EUR/USD
The EUR/USD currency pair started forming a descending wave; it has already completed the first structure. We think today the price may correct yesterday‘s descending movement towards the level of 1.2830 and then continue falling down to reach the target at 1.2700. Later, in our opinion, the pair may start forming a pivot point for a reverse.
GBP/USD
The GBP/USD currency pair reached the minimum target of this correction. We think today the price may start forming some kind of a reversal pattern. An alternative scenario implies that the pair may fall down a little bit more, reach the level of 1.5020 and only then make a reverse. The target will be at the level of 1.5440.
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USD/CHF
The USD/CHF currency pair completed a correction towards the previous descending wave. We think today the price may continue moving downwards towards the target at 0.9300. An alternative scenario implies that the pair may form another ascending structure to reach the level of 0.9600 and then start falling down.
USD/JPY
The USD/JPY currency pair completed the first reversal impulse; the price broke the channel of the previous descending wave. We think today the price may correct this first impulse. Later, in our opinion, the pair may continue growing up towards the target at 93.50
AUD/USD
Australian Dollar is forming the first impulse of a descending wave. We think today the price may complete this impulse at the level of 1.0435 and then start a correction towards the level of 1.0460. Later, in our opinion, the pair may form another descending wave with the target at 1.0300.
GOLD
Gold continues moving downwards; the instrument broke triangle’s lower border. We think today the price may reach the target at 1544 and then start forming a new correction towards the level of 1640.
RoboForex Analytical Department
Tags: AUD/USD, EURUSD, GBPUSD, GOLD, USD/CHF, USDJPY | Posted under Technical Analysis | No Comments
Forex Technical Analysis 20.03.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)
Last Updated on Wednesday, 20 March 2013 09:43 Written by admin Wednesday, 20 March 2013 09:43
Analysis for March 20th, 2013 From RoboForex
EUR/USD
Yesterday the EUR/USD currency pair renewed its minimums; a new ascending movement is very weak. We think today the price may renew its minimums once again and reach the level of 1.2820. Later, in our opinion, the pair may start a new ascending structure towards the level of 1.3190.
GBP/USD
The GBP/USD currency pair is consolidating near the top of the first impulse. We think today the price may leave this consolidation channel downwards and start a correction with the target at 1.4960. Later, in our opinion, form this level the price may another ascending wave to break the top of the first impulse and then continue consolidating.
USD/CHF
The USD/CHF currency pair formed a correction towards the previous descending wave. We think today the price may continue growing up towards the target at 0.9500 and then start a new descending wave to reach the level of 0.9300.
USD/JPY
The USD/JPY currency pair continues moving downwards inside the fifth wave of the correction. We think today the price may reach the level of 94.20, start growing up, and then break the channel of this correction. Later, in our opinion, the pair may continue moving upwards to reach the level of 99.90.
AUD/USD
Australian Dollar continues forming a correctional wave. We think today the price may break the level of 1.0360 and then move towards 1.0310. Later, in our opinion, the pair may test the level of 1.0360 from below and then form another descending structure to reach the target at 1.0300. Only after that we expect the price to start a new ascending structure towards the level of 1.0470 and complete this correction.
GOLD
Gold is still forming the third wave inside this correction; a local target is at 1640. We think today the instrument may fall down towards the level of 1590 and move upwards and reach the level of 1650. This may be considered as the end of this ascending trend, as the price may continue falling down towards the level of 1525.
RoboForex Analytical Department
Tags: AUD/USD, EURUSD, GBPUSD, GOLD, USD/CHF, USDJPY | Posted under Technical Analysis | No Comments
Wave Analysis 11.03.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)
Last Updated on Monday, 11 March 2013 11:56 Written by admin Monday, 11 March 2013 11:56
Analysis for March 11th, 2013 From RoboForex
EUR/USD
A descending correction (2) of [C] may take the form of zigzag.
Right now the price is expected to start a local ascending correction B of (2), which may be followed by a new descending movement inside the second part of zigzag (2), wave C of (2).
We may assume that the pair completed the first part A of (2) of a descending correction (2) in the form of impulse. If this assumption is correct, later the pair may start a local ascending correction B.
GBP/USD
Pound is finishing a large correction [b] with diagonal triangle (c) of [b]. If it’s true, later the short‑term trend is expected to make a reverse upwards.
We may assume that the price is finishing the first part [A] of v of (c) of [b] of B of a descending zigzag v of (c) of [b] of B.
We may assume that the pair is completing a descending impulse [A] of v, which may be followed by a local ascending correction [B] of v.
USD/CHF
Franc is forming a local ascending correction B of (5), which may be followed by a descending wave C of (5).
We can’t exclude a possibility that right now the price is forming an ascending zigzag, which may be either wave B of (5) or just its first part [a] of B of (5).
We may assume that the price completed the first part of zigzag [a] of B, wave (a) of [a] of B, in the form of an impulse.
USD/JPY
One of the possible scenarios implies that the price is completing an almost horizontal triple three [4]. In this case, later the pair is expected to start a new descending trend inside wave [5] of V.
The pair is completing an ascending zigzag (Z) of [4], which may be the last part of a large correction [4].
The price is finishing an ascending impulse C of (Z) of [4], after which the short‑term trend is expected to make a reverse downwards and start forming wave [5].
RoboForex Analytical Department
Tags: EURUSD, GBPUSD, USD/CHF, USDJPY | Posted under Technical Analysis | No Comments
EURUSD back above the 1.30 level. Investors are awaiting the Unemployment Rate data from the Eurozone.
Last Updated on Wednesday, 31 October 2012 12:54 Written by admin Wednesday, 31 October 2012 12:54
EURUSD rose yesterday and closed at 1.2962. The Unemployment rate in Germany rose on a seasonally adjusted basis by 20K in October. Italy’s Treasury sold 3 billion Euro worth of ten year debt maturing in November 2022 at an average yield of 4.92 percent which is the lowest since May 2011. The Eurozone economic confidence index declined to 84.5 in October, from a revised 85.2 in the previous month. The Greek Prime Minister Samaras announced yesterday that talks with the Troika had been completed after months of negotiations. Spain’s Gross Domestic Product contracted at a faster rate of 1.6 percent at the third quarter of 2012. Support for the EURUSD is seen at 1.2944 and resistance is seen at 1.3017. The HotForex Traders Board shows that 52 percent of the traders are short on the EURUSD.
GBPUSD
The Cable rose yesterday and closed at 1.6073. The Confederation of British Industry in its Distributive Trades Survey released yesterday indicated that the retail sales balance surged to a reading of 30.0 in October much better than the market forecast of 7.0. The GfK Consumer Confidence index in the United Kingdom released this morning dropped to a six month low to -30 in October. Support for the GBPUSD is seen at 1.6026 and resistance is seen at 1.6140. The HotForex Traders Board shows that 71 percent of the traders are short on the GBPUSD
USDCAD
The pair dropped yesterday and closed at 0.9998. The Canadian dollar strengthened after manufacturers’ prices rose for the first time since April. Separately, the Bank of Canada Governor, Mark Carney indicated that interest rates could rise before the end of 2014. Investors are awaiting the GDP m/m release from Canada due later today. Support for the USDCAD is seen at 0.9950 and resistance is seen at 1.0018. The HotForex Traders Board shows that 58 percent of the traders are long on the USDCAD.
Important releases and events
EUR: German Retail Sales m/m; French Consumer Spending m/m; Eurogroup Meetings; CPI Flash Estimate y/y; Unemployment Rate
CAD: GDP m/m; BOC Gov Carney Speaks
GBP: MPC Member Bean Speaks
USD: Employment Cost Index q/q; Chicago PMI; Crude Oil Inventories
Tags: EURUSD | Posted under Forex bokers | No Comments
Forex Technical Analysis 2012/03/09 (EUR/USD, GBP/USD, AUD/USD) Forecast FX
Last Updated on Monday, 3 September 2012 06:59 Written by admin Monday, 3 September 2012 06:59
Forecast for September 3rd, 2012
EUR/USD
The EUR/USD currency pair continues moving inside the ascending channel, the price has broken “triangle” pattern upwards. The pair is expected to continue growing up, the target of the growth is the area of 1.2650. One can consider buying Euro near the level of 1.2575. If the price falls down lower than 1.2485, this scenario will be cancelled.
GBP/USD
The GBP/USD currency pair is moving inside the ascending channel, the price is expected to continue growing up. The test of the ascending trendline at the RSI at the daily chart is a signal to buy Pound. There is a strong support level in the area of 1.5760. The closest target of the growth is the area of 1.5960, one can consider buying the pair from the current levels.
AUD/USD
Australian Dollar has tested the ascending channel’s lower border and currently the price continues growing up. The closest target of the growth is the area of 1.0455. One can consider buying the pair with the tight stop. If the price falls down lower than 1.0280, this scenario will be cancelled.
Tags: AUD/USD, EURUSD, GBPUSD | Posted under Technical Analysis | No Comments
Forex Technical Analysis 2012/28/08 (EUR/USD, GBP/USD, USD/CHF) Forecast FX
Last Updated on Tuesday, 28 August 2012 06:35 Written by admin Tuesday, 28 August 2012 06:35
Forecast for August 28th, 2012
EUR/USD
The EUR/USD currency pair continues moving inside the ascending channel, the target of the growth is the area of 1.2650. Conservative traders can try to buy Euro from the level of 1.2445. The test of the ascending trendline at the RSI is an additional signal to buy the pair. If the price falls down lower than 1.2420, this scenario will be cancelled.
GBP/USD
The GBP/USD currency pair is also moving inside the ascending channel, currently the price is being corrected. One can consider buying Pound near the level of 1.5790. The target of the growth is the area of 1.5955. We recommend to increase the amount of long positions only after the price breaks the level of 1.5875. If the price falls down lower than 1.5780, this scenario will be cancelled.
USD/CHF
The USD/CHF currency pair is moving according to the forecast, the price has reached the area for sales. One can consider opening short positions from the current levels with the stop above 0.9645. The target of the fall is the area of 0.9495. We recommend to increase the amount of short positions only after the price breaks the level of 0.9540.
Tags: EURUSD, GBPUSD, Technical Analysis, USD/CHF | Posted under Technical Analysis | No Comments
Forex Technical Analysis 2012/22/08 (EUR/USD, GBP/USD, AUD/USD) Forecast FX
Last Updated on Wednesday, 22 August 2012 05:57 Written by admin Wednesday, 22 August 2012 05:57
Forecast for August 22nd, 2012
EUR/USD
The EUR/USD currency pair continues moving according to the forecast, by now the price has breached the resistance level in the area of 1.24. We should expect the test of this area and consider opening new long positions. Aggressive traders are advised to buy Euro from the current levels. The target of the growth is the area of 1.2535. If the price falls down lower than 1.2285, this scenario will be cancelled.
GBP/USD
The GBP/USD currency pair is also moving according to the forecast, the price is forming the ascending pattern at the H1 chart. The target of the growth is the area of 1.5825. We should expect Pound to be corrected form the current levels towards the area of 1.5730, where one can consider buying the pair. If the price falls down lower than 1.5710, this scenario will be cancelled.
AUD/USD
Australian Dollar has rebounded from the ascending channel’s lower border. There is a possibility that the price may form “upside down head & shoulders” reversal pattern. The pair is expected to fall down towards the area of 1.0460, where one can consider buying it with the tight stop. We recommend to increase the amount of long positions only after the price breaks the level of 1.0530. If the price falls down lower than 1.0410, this scenario will be cancelled.
Tags: AUD/USD, EURUSD, GBPUSD | Posted under Technical Analysis | No Comments
Forex Technical Analysis 2012/02/08 (EUR/USD, GBP/USD, AUD/USD) Forecast FX
Last Updated on Thursday, 2 August 2012 07:12 Written by admin Thursday, 2 August 2012 07:11
Forecast for August 2nd, 2012
EUR/USD
The EUR/USD currency pair continues moving inside the descending channel, the price is still testing the area of 1.23. One can consider selling Euro from the current levels, the closest target of the fall is the area of 1.2220. The final target of the descending pattern is the area of 1.1980. If the price grows up higher than 1.24, this scenario will be cancelled. We recommend to increase the amount of short positions only after the price breaks the level of 1.2220.
GBP/USD
The GBP/USD currency pair is moving according to the forecast, the price has rebounded from the level of 1.5680. The closest target of the fall is the area of 1.5560. One can consider either holding short positions or opening new ones with the stop above 1.57. The final target of the descending pattern is the area of 1.5425. We recommend to increase the amount of short positions only after the price breaks the level of 1.5610.
AUD/USD
Australian Dollar continues moving upwards, the price is still testing the ascending channel’s upper border. At the H4 chart we have “failure swing” reversal pattern forming, one can consider selling the pair with the tight stop. The closest target of the fall is the area of 1.0450, the next one will be the level of 1.0340. If the price grows up higher than 1.0550, this scenario will be cancelled.
Tags: AUD/USD, EURUSD, GBPUSD | Posted under Technical Analysis | No Comments
Forex Technical Analysis 2012/10/08 (EUR/USD, GBP/USD, AUD/USD) Forecast FX
Last Updated on Wednesday, 1 August 2012 03:32 Written by admin Wednesday, 1 August 2012 03:32
Forecast for August 1st, 2012
EUR/USD
The EUR/USD currency pair is moving according to our expectations, it has tested the area of 1.23. At the moment the price is expected to continue falling down. One can consider selling Euro with the tight stop above 1.2340 and increase the amount of sales after the price breaks the level of 1.2215. The closest target of the fall is the area of 1.2080. The target of the descending pattern is the area of 1.1980. If the price grows up higher than 1.2410, this scenario will be cancelled.
GBP/USD
The GBP/USD currency pair is also moving according to the forecast. At the H1 chart we have “head & shoulders” reversal pattern forming, right now the price is below the neckline. One can consider selling Pound from the current levels with the stop above 1.5735. The closest target of the fall is the area of 1.5565. The target of the reversal pattern is the level of 1.5425. If Pound grows up higher than 1.5770, this scenario will be cancelled.
AUD/USD
Australian Dollar continues moving upwards. The RSI indicator faced the resistance, we should expect the pair to rebound from the current levels and start falling down. One can consider selling the pair aggressively with the stop above 1.0570. The closest target of the fall is the area of 1.0335.
Tags: AUD/USD, EURUSD, GBPUSD | Posted under Technical Analysis | No Comments
Forex Technical Analysis 2012/31/07 (EUR/USD, GBP/USD, AUD/USD) Forecast FX
Last Updated on Tuesday, 31 July 2012 07:28 Written by admin Tuesday, 31 July 2012 07:27
Forecast for July 31st, 2012
EUR/USD
The EUR/USD currency pair continues moving inside the descending channel, it has tested a very strong resistance level in the area of 1.24. At the moment we should expect the price to continue moving downwards, the target of the fall is the area of 1.1980. One can consider selling Euro aggressively from the current levels with the stop above 1.2340 and increase the amount of sales only after the price breaks the level of 1.2230. If the price grows up higher than 1.2410, this scenario will be cancelled.
GBP/USD
The GBP/USD currency par has also tested a strong level in the area of 1.5760. Currently the price is forming the descending pattern with the target in the area of 1.5425. One can consider selling Pound from the current levels with the tight stop above 1.5670. At the H1 chart we have “head & shoulders” reversal pattern forming with the closest target in the area of 1.5570. We recommend to increase the amount of sales only after the price breaks the level of 1.5665.
AUD/USD
Australian Dollar continues moving upwards, the price faced the resistance from the channel’s upper border. The pair is expected to start falling down from the current levels, the closest target of the fall is the area of 1.0375. One can consider selling the pair with the tight stop. If the price continues moving upwards and grow up higher than 1.0570, this scenario will be cancelled.
Tags: AUD/USD, EURUSD, GBPUSD | Posted under Technical Analysis | No Comments
Forex Technical Analysis 2012/27/07 (EUR/USD, GBP/USD, AUD/USD) Forecast FX
Last Updated on Friday, 27 July 2012 05:25 Written by admin Friday, 27 July 2012 05:25
Forecast for July 27th, 2012
EUR/USD
The EUR/USD currency pair is being corrected. The price has tested the area of 1.2285 and continues moving inside the descending channel. One can consider selling Euro aggressively from the current levels. The target of the fall is still the area of 1.2020. If the price grows up higher than 1.2330, this scenario will be cancelled. We recommend to increase the amount of sales only after the price breaks the level of 1.2105.
GBP/USD
The GBP/USD currency pair has stopped moving inside the sideways trend and broken the level of 1.5610. The RSI indicator faced the resistance from the trend’s descending line, we should expect the pair to rebound from the current levels and start falling down. One can consider selling Pound aggressively with the stop above 1.5675. If the price grows up higher than 1.5770, this scenario will be cancelled and the pair will continue moving upwards.
AUD/USD
Despite our expectations, Australian Dollar has grown up a lot. Right now there is a possibility that the price may test the level of 1.0440. However, before that we should expect the pair to test the area of 1.0350, where one can consider buying it with the tight stop. If the price falls down lower than 1.0320, the pair will continue moving downwards. A very strong support level is in the area of 1.01.
Tags: AUD/USD, EURUSD, GBPUSD | Posted under Technical Analysis | No Comments
Forex Technical Analysis 2012/20/07 (EUR/USD, GBP/USD, AUD/USD) Forecast FX
Last Updated on Friday, 20 July 2012 04:26 Written by admin Friday, 20 July 2012 04:26
Forecast for July 20th, 2012
EUR/USD
The EUR/USD currency pair is moving inside the descending channel, but at the moment the price is growing up. A very strong resistance level is the area of 1.2350, where one can consider selling the pair with the stop above 1.2385. The target of the pattern is the area of 1.2080. Right now one is advised either to stay out of the market or try to buy the pair aggressively up to the level of 1.2350.
GBP/USD
The GBP/USD currency pair has grown up a bit and broken the channel’s upper border. At the H1 chart the price is forming the ascending pattern, one can consider buying Pound from the current levels with the tight stop below 1.5625. The target of the pattern is the area of 1.5800.
AUD/USD
Australian Dollar has grown up a lot. At the moment the price is testing the ascending channel’s upper border, we should expect it to rebound from the current levels. The target of the fall is the support level in the area of 1.0310, one can consider selling the pair aggressively with the tight stop. If the price breaks the channel’s upper border and grows up higher than 1.0470, we should expect the pair to continue moving upwards.
Tags: AUD/USD, EURUSD, GBPUSD | Posted under Technical Analysis | No Comments
Forex Technical Analysis 2012/19/07 (EUR/USD, GBP/USD, AUD/USD) Forecast FX
Last Updated on Thursday, 19 July 2012 05:25 Written by admin Thursday, 19 July 2012 05:25
Forecast for July 19th, 2012
EUR/USD
The EUR/USD currency pair is moving according to the forecast, we should expect it to continue falling down. At the H1 chart of the pair the price is forming the descending pattern, one can consider selling Euro aggressively from the current levels with the stop above 1.2310. The closest target of the fall is the area of 1.2060. We recommend to increase the amount of short positions only after the price breaks the level of 1.2180. If the price grows up higher than 1.2320, this scenario will be cancelled.
GBP/USD
The GBP/USD currency pair is also moving according to the forecast. At the H4 chart the price is forming the descending pattern with the target in the area of 1.5335. One can consider selling Pound aggressively from the current levels with the stop above 1.5690 and increase the amount of sales only after the price breaks the level of 1.5565.
AUD/USD
Australian Dollar continues moving sideways. The RSI indicator is testing the resistance line, we should expect the pair to rebound from the current levels and start moving downwards. One can consider selling the pair aggressively with the stop above 1.0335 and increase the amount of short positions only after the price breaks the level of 1.0250.
Tags: AUD/USD, EURUSD, GBPUSD | Posted under Technical Analysis | No Comments
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