Theleftanchor.com::Forex trading -Technical analysis daily,weekly

The euro continued to trend sideways on Friday, extending the exchange rate over the 20-day SMA at 1.2205, the common currency may be retained firm course towards the North American operation since the demotion market liquidity before weekend.

Points to Discuss

• Japanese Yen: It was mixed against major
• British Pound: The BoE is cautious about the outlook for the financial system
• Euro: The rise in German import prices is greatest in 10 years
• U.S. Dollar: The first trimester of GDP and the level of confidence of the U. reactivation of Michigan

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Conference date:Friday, 22 October 2010

Conference Venue:Cairo,Egypt

Conference country:Egypt

Conference theme:
The MENA Oncology Conference will focus mainly on the Breast Cancer as it is the most common type of cancer in the region. This conference will include, among other things, new information, consolidated knowledge, and conversations on controversial issues regarding the prevention and risk of breast cancer, imaging and screening, new approaches in targeted therapies, and more.
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EUR / USD : The recovery tactics used against the delays, it is still likely to boost to 1.26

Strategy: Pending short position
EURUSD: The positioning is slightly modified from what was identified last week: prices have taken a back outside around the horizontal resistance at 1.2160 recovering from the downward trend line to connect major fluctuations in minimum since November 2009 , which now opens the door for 1.2585 movement. Our view continues to downtrend, but will seek new opportunities to sell in the days and weeks that approach.

EURUSD – Break of 1.2466 will pave the way for continued upward correction, after overcoming 1.2450 with a high probability to be the way to 1.27. Otherwise, the breakdown of 1.22 will continue trending movement couples.

GBPUSD – Pound steadily growing and is approaching trendline on the daily chart. Spread is likely to be closer to the end of the week or the beginning of a new, focused on levels of 1.52 – 1.5250
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As I promised, I open this column, where I will lay out their markup schedules, I will skip the entry point and all sorts of nuances. Often, schedules will be accompanied by text, because not always easy to explain on the chart that you want to say.

Graphical analysis of EUR / USD
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Probably in the Forex market trends are given more frequently than in any other market. This paper intends to describe how to leverage these trends with the highest probability of success in my experience. When there is an established trend, particularly strong, one of the methods to fully exploit the directional movement of the trend breakouts operate during consolidations as well as breakouts after setbacks countertrend. Both, of course, in the direction of the trend.

First we need to know whether there is trend in the chart of the currency pair we are studying. So as you can use any of the more common methods how trendlines and moving averages or use trend indicators how the ADX (Average Directional Index) . Once the trend has been recognized and this is strong, we must be attentive to the price action, especially in two key situations: areas of consolidation or correction countertrend and setbacks.
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Summer. This is another beautiful time of year, which selects the time, more than any other.

I live on the Black Sea, when it’s 30, and the water on the beach above 22, you know where he wants to stay, sunbathe, buy. As if all this is bad, pleasant stay with friends, etc., but the time the trade is still catastrophically low, I’m still not used to trade on srednesrok, and because frequently traded within the day does not work, then many people I miss the movement. Recently realized that the Japanese session, I do not like, there are worse than those rules that I breathe in the market, based on this, I pressed one significant plus – I now sleep at night, I better wake up early in the morning and make transactions for 2-4 hours. Much time is still the study, 4-6 hours each weekday, I simply go to the lectures, finish in July, slightly unloaded.
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EURUSD – Next week is a prerequisite for continued upward correction. The past week has shown relatively little growth, trade, as it were beyond the bounds of the previously described I have a range 1.27 – 1.2150, but is now perfectly visible very good level of resistance, which may accumulate orders to sell – a level of 1.2320 – 1.2330. But simply put there is a warrant of sale would be foolish, so you need to wait for what will happen at that level, to monitor the smaller timeframe, and in the event of a signal to act. Bear trend in 2010 has not yet ended.
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The U.S. dollar offered in today’s trading session Thursday a weak performance losing more than 1.7% against the Swiss franc and re-test the 1.24 level against the Euro.

The reports released today from the United States were predominantly worse than forecast and this was the reason for the weakness of the dollar today. Data requests for weekly unemployment improved with a figure of 450k, instead of up to 472K from the revised figure of 460k the previous week. The labor market continues to lose jobs and unemployment continues to offer weekly requests over 400k since two years ago. The CPI was in line with what the market expected with a drop of 0.2% on a monthly basis and a change of 2% on an annual basis.
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Today I would like to talk about Basic Considerations for all those who want to try to operate in a professional manner or with any seriousness in the Foreign Exchange Market. This article is dedicated to see many new traders are increasing every day (that I feel great), yet often operate without preparation and end up destroying their accounts or those of others (even worse). Let’s see.
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