August
12
23:21
Forex Analysis

Forecast Forex market on 01/07/2013

Hello, we have the beginning of a new month, and let's look at the situation in the forex market on 1.07.2013

EURUSD

eurusdmontnly 1072013

erusdaili 1072013

On the monthly chart EURUSD has formed a price pattern is not quite the correct PIN-bararea resistance level of 1.33364 and the descending channel.On the daily chart the price continues to walk along the level of 1.3000.I think we can expect the breakdown level of 1.3000 and the continuation of the downward movement.For entries in the transaction is recommended to wait

for the signal in the form of Price Action pattern on the daily chart.

GBPUSD

gvpusdmontnly 1072013

gvpusdaili 1072013

On the monthly chart of the GBPUSD just formed is not entirely correct Pin Bar.But the overall picture is likely to be expected downward movement and the breakdown of the descending channel.On the daily chart, the price has reached the support level of 1.51916.Perhaps the beginning of a small correction, but I think as a whole will be a continuation of the downward movement.For entries in the transaction is recommended to wait for the signal in the form of Price Action Patterns.

USDCHF

yusdhfdaili 1072013

on price USDCHF pair formed a Doji pattern.The pattern tells us about the uncertainty of future price movements, but I will continue to grow.The transaction is recommended to go by the rules of the pattern.

USDCAD

osdkadmontnly 1072013

usdsaddaili 1072013

On the monthly chart USDCAD pair price price suitable to the area is very strong resistance area at 1.06202 price.On the daily chart has been another attempt to break through the resistance level of 1.05219.Probably the level is broken, and will continue to grow, but there might be a correction before this.For entries in the transaction is recommended to wait for the signal in the form of Price Action Patterns.

AUDUSD

audosdaili 1072013

On AUDUSD pair as expected after a small correction the price continued downward movement.I think the decline will continue.A good target for sales of 0.88387.Those who did not enter into the transaction is recommended to wait for the signal in the form of Price Action Patterns.

NZDUSD

nzdosdaili 1072013

Price NZDUSD pair after the rollback to the previous penetration level has continued to drop in warning us Doji pattern on the level.I will continue to fall further.A good target for sales of 0.76185.Those who did not enter into the transaction is recommended to wait for the signal in the form of Price Action Patterns.

GBPJPY

gvpzhpoveekli 1072013

gbpzhpidaili 1072013

On the weekly chart of the GBPJPY price formed another bar inside the maternal candle pattern inner bar based on the level of support 147,391.On the daily chart the same pattern formed inside bar, but with support from the top level of 150,974.Possible slight correction, but overall I think will be a continuation of growth of the price.The transaction is recommended to go by the rules of the pattern.