Tag: forex analysis

NZD/USD Candlestick Analysis for 29 August

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Having formed bearish Shooting Star candlestick, the pair managed to fix below the correction level of 61.8% – 0.8084 Fibonacci. That is why the quotes fall may extend during the upcoming days towards correction level of 50.0% – 0.7963. We did…

EUR/USD Wave Analysis for 29 August 2012

 
Wave Analysis:
Amid the expectations of the next round of QE in the USA and in the respect of the ECB’s promises to purchase Spanish bonds, yesterday’s EUR/USD sessions were positive for the single currency. Having tested the cor…

EUR/JPY Intraday Technical Analysis

 
 
The spot rate is actually testing the upper limit of its short term bearish channel at 98.80 suggesting a decline. However, a break of this level will free a large potential and initiate violent bullish channel.
 
Technical indic…

GOLD Intraday Technical Analysis

 
 
Gold has tested the upper limit of its short term bearish channel for the 3 time and seems to initiate a decline. It approaches to the intermediate support of its channel at 1,662 suggesting a rebound. However, a break of these levels w…