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

On Friday, the euro went down, yes, swallowed whole week’s growth, fought off level. In contrast, for the strength of the euro will call me the following important factors, namely: formation, it is ugly, go down, perhaps after a long flat market, but it reminds me of a sharp correction, I have little doubt that to 1.37 euros still goes on next week. Look at oil , because already it is clear that oil will be 100 and above 100 dollars a barrel on the reversal of oil will not, but if oil will rise, it will grow and the euro, or at least not fall. For gold on Friday, as rising dynamics. Is it that the U.S. stock market on Friday also showed a decline. See, on Friday strongly decreased only that during the week showed only an increase, it is recoilless growth. And what we have strayed from 12000 on DJIA does not mean that it is high, a reversal formation on the U.S. indices, I also do not watch.
(more…)

The euro continued its advance during the last week, up from 1.3536 to 1.3759. Our idea of selling the parity- above turns out to be 1.3500 vision ally a fiasco before investors’ appetite for the European currency. Should consider it a continuation of this upward to 1.4000? Positive factors appear to have been factored into prices, and we see no new developments likely in the coming sessions, to give extra boost to achieve this limit. That’s why we play the channel-1.3300 1.3700 in weekly basis.

Rebound this morning on the Euro 3580 and reached back to 3680 with a bullish MACD 30 mins. This afternoon noon, we will pay attention to the various U.S. statistics from 14.30 and from 15:45 with PMI figures may be slightly above expectations. 4h The MACD is bearish, but nonetheless if we are able to cross 3680 then we should return to levels of Friday ie 3720/40.
(more…)

The stop-loss operations on the breakout can be set to 20 pips on major currency pairs, while 25 points for a couple more birds, such as those who like the British pound GBP cross. When you open a position you can then choose to close half the position on the first pivot point and let go of the first half, until the reversal of the trend.

You can choose a specific method for the exit of positions that have been opened, which may be close to the pivot point or direction of the trend line when there are signs of a downward trend, or even when the price of a new candle opens on the opposite side of the channel of volatility.
(more…)

Similarity in forex trading, and war abound, of which I will also discuss the course of the post, but more important is to note the differences.

Let’s start with the fact that the forex, but like any other market, or rather the actions that it is developing very similar to military action. There are two warring sides: the bulls and bears, the battlefield is constantly leaving the victim – traders drained deposits, day and night with those in other a fierce battle where no one wants to concede. Everyone is fighting for her, who in the purchase – one for the Bulls, who in a short position – for Medvedev. Nobody is going to surrender, the war continues until one side wins and the market war never ends, it is an eternal battle in which the win and played only the battle but the war in the markets is infinite. Thank God, this is the first difference of Forex from the war, real war did eventually end. And for us, of course, well that trade does not end up never (never say – “never”).
(more…)

The euro has a higher yesterday on 3750 and we track that night with a return to 3680 for a renewed attack of 3750. This morning, we did not the market should be quiet until this afternoon noon or we will have quite a lot of U.S. statistics which especially with the U.S. GDP may be a surprise if the is better than expected.

Our advice this morning, the MACD is bearish 30 mins and the MACD 4h. We sell parity in 3750 and 3680/70, we will act as a media for a return to 3750. If we go in 3670 then we are back to test the 3650 point yesterday. At this point, either we or the euro bounced back a downward trend with targets as 3620 and 3580.
(more…)

Let’s see how we can operate on the breakout, as we have introduced in the last article.

If the lines of yellow or orange red cross the line, but the green lines are still in their previous direction, then we are probably dealing with a false breakout. To have a change of all trends, in particular, the green should change its position with the red lines. You should especially watch out for more volatile pairs such as the currency pair GBP / USD.

Let us see what are the rules that you may consider using this trading system. Remember that all criteria must be met in order to have the right signal and the minimum possible risk. If everything is not satisfied should remain off the market rather than risk too much. You could of course open a position in the right way, but in the long term the majority of positions open that we could be wrong. Only the locations where all signals show us the same direction are the ones to follow. Just after the sign should immediately enter the market, groped to earn the highest number of pips as possible.
(more…)

EUR / USD

Big up for this exchange ratio, for the day today would be able to open a long position if the exchange ratio exceeds the share of 1.3740 on the upside, setting the first target for 1.3770 share and 1.3790 share for the second goal. If the value of the exchange ratio of 1.3660 should break downward, we could open a new sales position by setting the first goal at 1.3640 and 1.3620 share for the second goal.

EUR / GBP

For today’s session so we could open a cross currency position acquisition in the event that the value of the exchange ratio should break 0.8630 on the upside, with our first goal to reach an altitude of 0.8640 and the second objective the achievement of quota 0.8650. If, however, the exchange rate should break downward the value of 0.8580, we could open a short position by setting the first target for 0.8560 share and 0.8550 share of the second objective.
(more…)

We speak now of the breakout. If we want to trade on breakouts in the negotiation, the guppy MMA shows us exactly when this is happening. Once a breakout has occurred, so the yellow lines have crossed the red lines, but the green lines are still below the red lines, we would expect that the yellow lines can go back. This is where you could open up new positions in the direction of the trend. We must distinguish between a long and a short breakout.

The red lines are located above the green lines, then the yellow crossed the red lines, then the price will soon ascend to the other lines. The green and red lines show long-term trend.
(more…)

The announcement from the Fed yesterday, did not really shake the market and after a failure in 3720, the euro is found in 3650. This morning, few European statistics and the MACD 30 mins is bearish and the MACD 4h, which could allow the euro to blow up continues after these first two weeks. Our advice this morning, as yesterday’s box 3640/30 can be an area for a bounce back on 3680 first, then 1.37. Under 3720, a larger decline could take shape and 3580/70 would be our goal.

Before you can trade on currency markets, it is necessary to open a forex trading account. There are really many forex broker between to choose from, each offering platforms designed specifically to operate on line. The Forex market is a big business, with billions of dollars of transactions every day. Most operations in the past, were conducted by telephone, but the development of internet and software, ever more sophisticated and complete, has made today to develop everything on line.

Access via the Internet allows investors to trade and manage their own investments, twenty-four hours a day, seven days a week, plus real-time trading.
(more…)