Murray Math Lines 30.08.2012 EUR/JPY

EUR/JPY

At the H4 chart the EUR/JPY currency pair is moving above the 6/8 level, the bulls are supported by the Super Trend’s line. If the price rebounds from the current levels, the pair will continue growing up. The short-term target is at the 8/8 level.

At the H1 chart the pair is being corrected between the 6/8 and 4/8 levels. We can’t exclude a possibility that the bulls may break this trading range during the next several days and continue pushing the price upwards. They may reach the 8/8 level in the nearest future.

Murray Math Lines 30.08.2012 GBP/CHF

GBP/CHF

The bears’ first attempt to keep the price inside an “oversold zone” failed. However, we can’t exclude a possibility that they can try to break the 0/8 level during the day one more time. The main target is still at the -2/8 level.

The pair is moving in the lower part of the H1 chart. It looks like the bears are going to enter an “oversold zone” again during the next several hours. If the price breaks the -2/8 level, the lines at the chart will be redrawn.

Murray Math Lines 30.08.2012 AUD/USD

AUD/USD

Australian Dollar continues falling down. After rebounding from the Super Trend’s line, the bears have moved very close to the 1/8 level and may break it during the next several days. The main target is still at the 0/8level.

At the H1 chart we can see that the pair is moving below the 3/8 level, thus indicating that the price may continue falling down towards the 0/8 one. If the pair rebounds from the H1 Super Trend’s line, the price may continue moving downwards. During the correction I’ve opened a new sell order, the third one.

Ichimoku Cloud Analysis 30.08.2012 GOLD

GOLD

GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1), both lines are horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect the price to fall down towards Senkou Span A.

GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other and still under pressure of “Dead Cross” (1), both lines are horizontal. Ichimoku Cloud is going down (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen, below Kumo Cloud. Short‑term forecast: we can expect support of Tenkan-Sen, resistance of Kijun-Sen and Senkou Span A, and the price to continue moving downwards.

Ichimoku Cloud Analysis 30.08.2012 GBP/USD

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1), Tenkan-Sen is horizontal, and Kijun-Sen is directed downwards. Ichimoku Cloud is going up (2), Senkou Span A is moving downwards, and Senkou Span B is directed upwards. Chinkou Lagging Span is below the chart, the price is on Kijun-Sen, above Kumo Cloud. Short‑term forecast: we can expect resistance of Senkou Span A and the price to stay inside the cloud. Sell Limit and Stop Loss are placed above Kijun-Sen.

GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is going up (2), Senkou Spans A and B are moving towards each other. Chinkou Lagging Span is on the chart, the price is above Kumo Cloud. Short‑term forecast: we can expect support of Senkou Span A and the price to fall down.

Japanese Candlesticks Analysis 30.08.2012 USD/JPY

USD/JPY

The H4 chart of the USD/JPY currency pair shows a sideways tendency. The closest Window is a resistance level. Three Line Break chart indicates the correction, Tweezers pattern and Heiken Ashi candlesticks confirm a descending movement.

The H1 chart of the USD/JPY currency pair shows a correction on the descending trend. The closest Windows are support/resistance levels. Hanging Man pattern and Three Line Break chart confirm a descending movement, Heiken Ashi candlesticks indicate the correction.

Japanese Candlesticks Analysis 30.08.2012 EUR/USD

EUR/USD

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

The H1 chart of the EUR/USD currency pair shows a sideways correction on the ascending trend, which is indicated by Doji Star candlestick. Three Line Break chart indicates the correction, Heiken Ashi candlesticks confirm the current tendency.