Forex Technical Analysis

[mageAL]

Euro is expected to make an up trend. Thus parity is unlikely to appear in the near future.

 

[mageAL]

Yen makes an upward movement to the border of the figure that gives reason for buying with the targets near 120.05

 

[mageAL]

Bulls have a nice prospects wit euro in middle term trade. But now a rollback to 1,089 is expected.

 

[mageAL]

There is a short term opportunity to buy yen with 119.40-119,50 targets.

 

[mageAL]

Yen is situated in upper part of two triangles, it gives a opportunity to sell the pair with 118,70 and 117,10 targets

 

[mageAL]

The second growth wave of euro is still strong now, but its volatility is expected to go up. There can be a new correction here.

 

[mageAL]

Completion of the correction in the pound is not in doubt. So, now it will continue to form itself and its next target is 1,5460.

 

[mageAL]

Euro, which is situated in the growth channel now, is very likely to go in the south, until the topping 1.1155

 

[mageAL]

Yen continues to move in the triangle corrected local borders and went back to growth towards 120.00

 

[mageAL]

A formed after British election upward channel looks like a strong one. You had better sell GBPUSD through to 1,6000.