Japanese Candlesticks Analysis 18.09.2012 (EUR/USD, USD/JPY)

18.09.2012 / 11:27

Analysis for September 18^th, 2012

EUR/USD

The H4 chart of the EUR/USD currency pair shows the start of a correction on the ascending trend. Three Line Break chart indicates the current trend; Harami and Engulfing Bearish patterns, and Heiken Ashi candlesticks confirm the correction. The closest Window is a resistance level.

The H1 chart of the EUR/USD currency pair also shows a correction on the ascending trend. Doji Star and Three Black Crows patterns, as well as Three Line Break chart and Heiken Ashi candlesticks, confirm a descending movement.

USD/JPY

The H4 chart of the USD/JPY currency pair shows a bullish tendency and a trend change. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.

The H1 chart of the USD/JPY currency pair shows a bullish tendency on the ascending trend and a weak Evening Star pattern (which has yet to be confirmed). Three Line Break chart and Heiken Ashi candlesticks indicate an ascending movement.

Ichimoku Cloud Analysis 18.09.2012 (GBP/USD, GOLD)

18.09.2012 / 11:44

Analysis for September 18^th, 2012

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross” (1), Tenkan-Sen and Senkou Span B are horizontal, Kijun-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is going up, Chinkou Lagging Span is far above the chart, and the price is in the channel between Tenkan-Sen and Kijun‑Sen. Short‑term forecast: we can expect the price to fall down inside the channel.

GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1), all indicator’s lines are horizontal. Ichimoku Cloud is very narrow and continues going up, Chinkou Lagging Span is close the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect resistance of Tenkan-Sen and Kijun-Sen, and the price to stay inside the cloud.

GOLD

GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), but Tenkan-Sen is directed upwards, and other lines are horizontal. Chinkou Lagging Span is above the chart, the price is in the channel between Tenkan-Sen and Kijun‑Sen. Short‑term forecast: we can expect a correction towards Kijun-Sen.

GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1), Tenkan-Sen, Senkou Spans A and B are directed downwards, and Kijun-Sen is horizontal. Chinkou Lagging Span is below the chart, the price is on Tenkan-Sen.  Short‑term forecast: we can expect resistance of Kijun-Sen and the price to move downwards inside Kumo Cloud.

Murray Math Lines 18.09.2012 (USD/CHF, EUR/JPY, SILVER)

18.09.2012 / 10:53

Analysis for September 18^th, 2012

USD/CHF

The USD/CHF currency pair is still consolidating below the 4/8 level, the bears are supported by the H4 Super Trend’s line. If the market rebounds from the current levels, the price will continue falling down. The short-term target is at the 3/8 level.

At the H1 chart the pair is trying to enter an “oversold zone”. The price may continue falling down towards the -2/8 level during the next several hours. If the pair breaks this level, the lines at the chart will be redrawn.

EUR/JPY

The EUR/JPY currency pair is being corrected, the bears are supported by the H4 Super Trend’s line. If the market rebounds from the current levels, the price will continue growing up. The closest target is at the 8/8level.

The pair is moving in the middle of the H1 chart, between the Super Trends’ lines. If the bulls are able to keep the price above the 5/8 level, the pair will continue moving upwards. There is a possibility that the market may reach the 8/8 level by the end of the week.

SILVER

Silver is still being corrected. The bulls’ first attempt to enter an “overbought zone” failed. However, they may try to break the 8/8 level one more time in the nearest future. The target for the next several days is at the +2/8 level.

At the H1 chart the correction was supported by the 7/8 level once again. If the market breaks the Super Trends’ lines backwards, it will be a very strong signal of a new ascending movement. After the instrument breaks the +2/8 level, the lines at the chart will be redrawn.

Wave Analysis 18.09.2012 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

18.09.2012 / 10:05

Analysis for September 18^th, 2012

EUR/USD

We may assume that at the moment Euro is forming a new ascending trend, a possible (double) zigzag [Y].

We may assume that the price is forming an ascending wave (A) of [Y], which may take the form of impulse.

We can’t exclude a possibility that Euro is finishing an ascending impulse [iii] of 3. Later, we can expect a descending correction [iv] of 3. However, one should take into consideration the fact that the structure of this wave may yet be changed.

GBP/USD

We may assume that Pound is forming an ascending wave [с] of B, which may take the form of impulse.

We may assume that the price is forming an ascending wave [c], which may take the form of impulse.

We can’t exclude a possibility that Pound is finishing an ascending impulse iii of (iii) of [c]. Later, we can expect a descending correction iv of (iii) of [c]. However, one should take into consideration the fact that the structure of this wave may yet be changed.

USD/CHF

We may assume that the price is now forming a final descending wave (5). The price may continue falling down, unless Swiss National Bank interferes.

We may assume that the price has is forming a descending wave (5), which may take the form of impulse.

We can’t exclude a possibility that Franc is finishing a descending impulse (iii) of [iii] of A, Later, we can expect an ascending correction (iv) of [iii] of A. However, one should take into consideration the fact that the structure of this wave may yet be changed.

USD/JPY

A chart structure implies that the price is completing a large, long horizontal correction [4] of V. Later, we can expect the pair to continue falling down and form a final wave [5] of V.

We can’t exclude a possibility that a long horizontal correction [4] may be completed with skewed triangle (E) of [4].

We can’t exclude a possibility that the price is forming a final wave E of (E) of [4] of skewed triangle (E) of [4] and of horizontal triangle [4].

Japanese Candlesticks Analysis 17.09.2012 (EUR/USD, USD/JPY)

17.09.2012 / 10:52

Analysis for September 17^th, 2012

EUR/USD

The H4 chart of the EUR/USD currency pair shows the start of a correction on the ascending trend. Three Line Break chart indicates the current trend; Harami pattern and Heiken Ashi candlesticks confirm a possible correction. The closest Window is a resistance level.

The H1 chart of the EUR/USD currency pair also shows a correction on the ascending trend. Three Line Break chart indicates the current trend, Doji Star pattern and Heiken Ashi candlesticks confirm a descending movement.

USD/JPY

The H4 chart of the USD/JPY currency pair shows a bullish tendency and a possible trend change. Window 2011.12.26 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 also shows a bullish tendency. High Wave pattern, Three Line Break chart, and Heiken Ashi candlesticks indicate an ascending movement.

Ichimoku Cloud Analysis 17.09.2012 (GBP/USD, GOLD)

17.09.2012 / 11:16

Analysis for September 17^th, 2012

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross” (1), Tenkan-Sen and Senkou Span A are directed upwards, Kijun-Sen and Senkou Span B are horizontal. Ichimoku Cloud is going up, Chinkou Lagging Span is far above the chart, and the price is above the indicator’s lines. Short‑term forecast: we can expect the price to grow up and then try to stay inside the channel between Tenkan-Sen and Kijun‑Sen.

GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud and may intersect forming “Dead Cross” (1), all indicator’s lines are horizontal. Ichimoku Cloud is going up, Chinkou Lagging Span is on the chart, and the price is above the indicator’s lines. Short‑term forecast: we can expect support of Tenkan-Sen, the price to move upwards and then fall down towards the cloud.

GOLD

GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), Tenkan-Sen is directed upwards, other lines are horizontal. Chinkou Lagging Span is far above the chart, the price is trying to stay inside the channel between Tenkan-Sen and Kijun‑Sen. Short‑term forecast: we can expect a correction towards Kijun-Sen.

GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud (1), all indicator’s lines are horizontal. Chinkou Lagging Span is below the chart, the price is below Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect resistance of Kijun-Sen and the price to stay inside Kumo Cloud.

Murray Math Lines 17.09.2012 (AUD/USD, GBP/CHF, SILVER)

17.09.2012 / 12:19

Analysis for September 17^th, 2012

AUD/USD

The price started corrective movement form the 6/8 level, the bulls are supported by the H4 Super Trend’s line. If the pair rebounds from the line, we can expect the price to continue growing up. The target for the next several days is the 8/8 level.

The pair is moving in the middle of the H1 chart. If the bulls are able to break the Super Trend’s line backwards and keep the price above the 5/8 level, the pair will continue growing up towards the 8/8 one. Today I’ve opened a short-term buy order.

GBP/CHF

Currently the pair is being corrected, the bears are supported by the Super Trend’s line. If the price rebounds from the 3/8 level, the pair will continue moving downwards. The target is at the 0/8 level.

The lines at the H4 and the H1 charts are completely the same. The correction may be finished within the next several hours. Later, we can expect the pair to continue falling down towards the 0/8 level.

SILVER

Silver is consolidating inside an “overbought zone”, the bulls are supported by the Super Trends’ lines. We can’t exclude a possibility that the price may rebound from the 8/8 level during the day. Later, the instrument is expected to continue growing up towards the +2/8 level.

At the H1 chart we can see that the bulls are just one “step” away from breaking the +2/8 level and redrawing the lines. Most likely, Silver will continue growing up during Monday and Tuesday. The critical point is breaching the 8/8 level.

Wave Analysis 17.09.2012 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

17.09.2012 / 10:37

Analysis for September 17^th, 2012

EUR/USD

We may assume that at the moment Euro is growing up inside a new ascending trend, a possible (double) zigzag [Y].

We can’t exclude a possibility that the price is forming an ascending wave (A) of [Y], which may take the form of impulse.

We may assume that Euro is finishing an ascending impulse [iii] of 3. Later, we can expect a descending correction [iv] of 3. However, one should take into consideration the fact that the structure of this wave may yet be changed.

GBP/USD

We may assume that Pound is forming an ascending wave [с] of B, may be in the form of impulse.

We can’t exclude a possibility that the price is forming an ascending wave [c], which may take the form of impulse.

We may assume that Pound is finishing an ascending impulse iii of (iii) of [c]. Later, we can expect a descending correction iv of (iii) of [c]. However, one should take into consideration the fact that the structure of this wave may yet be changed.

USD/CHF

We may assume that the price is now forming a final descending wave (5), unless Swiss National Bank interferes.

We can’t exclude a possibility that the price has is forming a descending wave (5), which may take the form of impulse.

We may assume that Franc is finishing a descending impulse (iii) of [iii] of A, Later, we can expect an ascending correction (iv) of [iii] of A. However, one should take into consideration the fact that the structure of this wave may yet be changed.

USD/JPY

A chart structure implies that the price is completing a large, long horizontal correction [4] of V.

We may assume that a long horizontal correction [4] may be completed with skewed triangle (E) of [4].

We may assume that the price is forming a final wave E of (E) of [4] of skewed triangle (E) of [4] and ofhorizontal triangle [4].