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

The economic indicators are an essential tool that every investor should have in your arsenal. The economic indicators are consistent in their publications, the vast majority of regular and scheduled in advance and are available for free to all. With the information provided by economic indicators can make a prediction on the basis of where and how fast will the economy. However, the publication of economic indicators data usually provide numbers in isolation may not say much and, therefore, place them in context to maximize the information that you provide. See as the highlights of the economic indicators to be considered.

What is an economic indicator?

An economic indicator can basically be considered as a piece of information. A set of economic indicators will be a piece of information with which an investor can get an idea of ​​the state and address the economy. Therefore, specific analysis used along a pair of currencies or other assets, will help us make better decisions about what and when to sell or buy.
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The London market is closed today because of the royal wedding and this morning, the market may be fairly quiet and therefore risky. Yesterday, the euro has evolved over a 30 min macd bearish throughout the day between 4880 and 4780. We bounced on the latter to return to 4850. Our board this morning. 30 mins The MACD is no trend, while the 4h is still bullish, but the This could go bearish later in the day, a sign that he will have to be careful about our highest.

The media will be the same as yesterday as 4820, the points of 4780/70. Like yesterday, we can buy these items (stoploss 4760/55). But one passage in 4770 is bearish for 4750 and 4720. On the upside, and above 4850, we should go back to test 4880. Normally, we should not go above 4880 this morning, so our stoploss will be like yesterday on 4895/4905.
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EUR / USD

For the day today we might consider opening a new long position if the price of this exchange ratio should break 1.4870 on the upside of the share, setting a first target 1.4890 share and 1.4900 share as a second goal. If the price of this exchange ratio should break downward the value of 1.4770, then we could open a new short position by setting the first target for 1.4790 share and 1.4800 share as a second goal.
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EUR / USD

Continue the climb for this exchange ratio for the session today we might consider opening a new long position if the value of the exchange ratio would break the upward threshold of 1.4920, 1.4950 setting the first goal and second goal to 1.4980. If the price were to go down and break the downward share 1.4770 we could open a short position with the first target 1.4750 and 1.4730 in the second goal.

EUR / GBP

For Today we open a new long position if the price were to break 0.8915 on the upside of the share, setting the first target for 0.8930 share and 0.8950 share for the second goal. If the price of this exchange ratio of 0.8850 should break downward, we could open a short position with the first target for 0.8830 share and 0.8810 share for the second goal.
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When we do forex, every day you hear of the European Union. But not everyone knows where to get this union of states and why it was created. The international organization comprising 27 European countries and a common government for the economic, social and security was originally restricted to western Europe. The EU has since expanded to include many countries of Central and Eastern Europe.

Current members of the EU ‘s are, in alphabetical order, Austria, Belgium, Bulgaria, Cyprus, czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK.
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That is, the Fed and the euro rose took the opportunity to come to 4880 to earlier this morning and we track a little on the medium 4820. The MACD is bearish 30 mins while 4h is bullish on him which we mean a market consolidation and therefore we should not go higher than 4880 this morning. Our board of the morning, we remain bullish in- above 4820 for the moment to return to 4880. Nevertheless, and as the MACD is bearish 30 mins, we benefit from high points to sell in 4880 (short stoploss 4895/4900) with the risk in this market very bullish move this item for 4920 show that 1.50 remains our ultimate goal. On the downside, and in 4820, return on 4780/70 is possible if the configuration permits, purchasing these items.
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One of the ways that traders have a market approach is the ‘technical analysis. A technical analyst does not look to income countries, budgets, policies, or other data concerning a country. A technician looks at it the history of a given currency pair, on the assumption that what has occurred in the past will occur again.

Technical analyst believes that the market price reflects all information about a single currency pair. Just as fundamental analysis looks at the past to help make a decision, technical analysis looks at the past, but the trend analysis to assist in its decision making.
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Draw a trendline in a chart Forex provides us with very valuable information. Not only do the trends show a trend in progress, but also allow you to represent points as support and resistance levels. Moreover, the trend lines will help determine the good points of entry and exit, you will have a better way to calculate when to take profits and when to enter the protective stops.

This tool is very simple but very powerful, as well as in key moments of reversal of trend, or when the market price starts to move in the opposite direction. Therefore, we must learn how to draw trend lines to make our trading profitable?
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The market is starting to get nervous before the Fed this evening and went on Euro 4710 at the top before retreating to 4650. The conference will be free tonight no doubt the event of the day and may be the year with either a continuation of the trend towards 1.50, or discontinuation of the increase and a return under 1.45. Our board of the morning, we remain buyers this morning, despite a bearish MACD 30 mins but the should iron bull. 4h The MACD is positive but it should remain in a consolidation before tonight.

On the upside, 4720, should be our strength and for now, we should not go higher. Also, you can sell below that level in 4740/50 with stoploss for 4650/20. Nevertheless, we buy media in- above 4620 for a return not only on 4720 but may be higher tonight. Please note that the EDF is an important event, the stoploss is essential and does not expose you to a disaster if you’re not in the right direction.
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Last Sunday, we wrote, “We buy up to 680/6420 and 6250 may 1.65/66 being “and the book went on at the highest finish for 6550 to 6508.As the Euro- dollar, it will have to be wary of the Fed this week, Wednesday and Mr. Bernanke’s speech ( See article on the EDF ). But here too the trend is very bullish and we are left only way to go is to get back on our strengths in May and November 2009 ie 6720.

Also, we will keep such goals in mind before Wednesday because even if the pound sterling may withdraw 6380 or even 6250, we should reach such a point before a building is not put in place.
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