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GBP USD, “Great Britain Pound vs US Dollar” Pound started forming consolidation channel. We think, today price may continue falling down to reach target at level of 1.6655. Possibly, pair may expand this channel upwards towards level of 1.6780. Later, in our opinion, instrument may continue falling down towards its main target.

EUR USD, “Euro vs US Dollar” Euro continues falling down. We think, today price may reach level of 1.358 grow up towards level of 1.3650 to test it from below, and then move downwards again to reach level of 1.3575. Later, in our opinion, instrument may start consolidating and form reversal pattern to continue growing up towards target at level of 1.4100.

Forex Technical Analysis 30.05.2014

Fibonacci Retracements Analysis 30.05.2014 is done.

As we can see at H1 chart, price is moving inside temporary fibo-zone, which means that market may reverse quite soon. We should note, that if pair breaks level of 61.8%, I’ll close my sell order and open buy one.

USD CHF, “US Dollar vs Swiss Franc” After reaching the group of upper fibo levels, Franc is trying to rebound from it. In the near term, pair may start new correction towards level of 23.6% (0.8925). Future scenario depends on how instrument will move inside this target area.

As we can see at H1 chart, price rebounded from its main targets right inside temporary fibo-zone. Possibly, pair may leave this trading range during Friday. If it happens, I’ll increase my position.

EUR USD, “Euro vs US Dollar” Eurodollar reached the group of lower fibo levels at 1.3600 – 1.3590 and has been trying to rebound from it over the last 24 hours. Most likely, in the nearest future market may start new correction, at least, with target at level of 23.6% (1.3680). I’ve got buy order with stop placed below target area.

Fibonacci Retracements Analysis 30.05.2014

Bill Williams’ Indicators Analysis for 30.05.2014 is done

At H1 chart of NZD USD, Alligator is also sleeping. AO is in red zone, AC is near balance line; we can see divergence with AO; there is Green bar on the MFI and might be Squat one too. I expect breakout of fractals to the upside.

NZD USD, “New Zealand Dollar vs US Dollar” At H4 chart of NZD USD, Alligator is sleeping. Indicators are in green zone; there might be Squat bar on the MFI. Bullish fractal may reach Alligator’s jaw (blue line).

At H1 chart of USD CAD, Alligator reversed southwards. AO and AC are in green zone; price is forming bullish fractal; there might be Squat bar on the MFI. Bullish fractal may reach Alligator’s jaw (blue line).

USD CAD, “US Dollar vs Canadian Dollar” At H4 chart of USD CAD, Alligator is moving downwards. AO and AC are in grey zone; there are no Squat bars on the MFI. Bullish fractal may reach Alligator’s lips (green line).

Bill Williams’ Indicators Analysis 30.05.2014

Ichimoku Cloud Analysis for 30.05.2014 is done.

XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other below Kumo; they may intersect and form “Dead Cross” (1). Ichimoku Cloud is going down (2), and Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect resistance from Tenkan-Sen – Kijun-Sen – Senkou Span A, and decline of the price.

XAU USD, “Gold vs US Dollar” XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price on Tenkan-Sen. Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.

GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Ichimoku Cloud is closed (2), and Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect support from Senkou Span A, and attempts of the price to stay above Kumo.

GBP USD, “Great Britain Pound vs US Dollar” GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is going down, Chinkou Lagging Span is below the chart, and the price is in Tenkan-Sen and Kijun-Sen channel. Short‑term forecast: we can expect support from Tenkan-Sen, and growth of the price inside the channel.

H1 chart of USD JPY shows ascending movement, which is indicated by Hammers pattern. Closest Window is resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm bullish correction.

USD JPY, “US Dollar vs Japanese Yen” At H4 chart of USD JPY, Bearish Three Methods continuation pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm descending movement.

H1 chart of EUR USD shows sideways correction within descending trend. Morning Star pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm that ascending correction continues.

Analysis for May 30th, 2014 EUR USD, “Euro vs US Dollar” H4 chart of EUR USD shows descending trend. Three Methods pattern and Three Line Break chart indicate descending movement; Tweezers pattern and Heiken Ashi candlesticks confirm possibility of new correction.

Murray Math Lines for 29.05.2014 is done.