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Time now: Jun 1, 12:00 AM

Forex Technical Analysis

Eur/Usd hasn't made any strong moves this year but it doesn't mean we are not going to see one. Personally I'm inclinded to see a breakout soon and a strong move afterwards. 1.35 can be a good place to buy this pair and hold it until it climbs much higher. Bearish scenario isn't that lucrative but it's still possible.
 
gold

As noted in the previous comment we can see a price reversal by breaking the substitution area. As long as it doesn't breach beneath the area we'll see it rising.

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gbp usd


The price is moving inside the channel and currently we are seeing price fluctuations inside the range of the ab=cd pattern. By having supply pressure fueled up in the market the ground for a drop in the price will be prepared.


http://pcm-fx.com/englishforum/forum.php

 
aud nzd

As you see in the following image on the H4 TF, we are witnessing a reversal by the price after a shark pattern and a positive divergence are formed simultaneously. We are expecting a bullish move by having the down trend line broken around 1.1375.

http://pcm-fx.com/englishforum/forum.php

 

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Currency
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