Archive for December, 2009
GBP/USD Candlesticks and Ichimoku Analysis
By actionforex
GBP/USD – 1.6025
Last Candlesticks pattern
Time of formation
Trend bias
Weekly
Shooting star
5 Aug 2009
Up
Daily
Hammer
3 Nov 2009
Sideways
The British pound continued to move lower after recent fall from 1.6879 and price dropped to as low as 1.5923 last week (almost reached our indicated downside target at 1.5900) and although marginal fall below said support is likely, support at 1.5708 [...]
EUR/USD Elliott Wave Analysis
EUR/USD – 1.4394
EUR/USD: Wave v of (c) ended at 1.5145 and fall to 1.4015 is underway
The single currency finally dropped to another 3-month low of 1.4218 last week in line with our expectation, however, as euro has recovered from there, suggesting a minor wave iii of the decline from 1.5145 has ended there and minor [...]
