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

Last week we had some surprises with the degradation by Standard and Poor’s financial rating of the U.S. and at the same time rumors reached on a possible restructuring of the debt of Greece to the favor of Easter wk. So obviously, the euro was first tested 4250 for giving us a higher later on 4620 and finish the week at 4568.

This week begins with Easter Monday is a holiday that in many countries and therefore the market is sluggish and therefore will not need to waste his time before his charts.

The major event of the week will be the Fed meeting Wednesday on U.S. rates. The press conference of Mr. Bernanke will be followed especially after the very degradation of the U.S. who can tell others, and especially because Europe has increased its own.
(more…)

The wk Easter is over and the day like tomorrow might be difficult with the announcement on rates from the Fed. For the first time, Mr Bernanke give a press conference and of course, each word will be scrutinized for a glimpse of a possible change in financial policy and U.S. especially after the breakdown last week Standard & Poor’s. Our board of the morning for three days, the euro moves between 4530/20 and 4620/30, thus we could continue the ranks until tomorrow evening.
(more…)

Having too much confidence in our potential and our positions may be harmful to a trader as much as it is the lack of confidence in the performance of the position. Every sensation is a very emotional quality unwelcome in the mentality of a winner.

Having had a winning streak of positions there is a tendency for many traders to become complacent, arrogant and careless. When a trading system works well there may be a natural human inclination towards the feeling of infallibility. The trader can expect to be unbeatable and start trading relies almost solely on instinct.

This is not a good way of trading, which will not be able to let us have professional results, and usually has the sole purpose of damaging our account and make a dent in our mentality. Many traders accumulate money into your account, only to give back to the market all they had laboriously earned.
(more…)

In recent months the exchange rate between the euro and the dollar was very strong. The situation of our currency was rising sharply, focused on yield spreads. After the increase in the rate of interest from the European Central Bank, which has increased rates by 25 basis points, showing the fact of wanting to tighten its monetary policy, the euro has continued to defy the skeptics and continued to grow.

Until this week, when the exchange rate has suddenly dropped, losing in the opening a lot of ground. The fear is that the debt restructuring. Even the announcement that the rating agency Standard and Poor’s cut the outlook of U.S. debt from stable to negative, had the largest increase we would have expected from our currency.
(more…)

EUR / USD

Week starts swinging for this exchange ratio. Analyzing our charts, we can see that we can consider the initiation of new long position if the price breaks upward the share of 1.4580, first setting a target share and 1.4620 share of the second goal as 1.4640. If the price of this exchange ratio would reach break downward the value of 1.4540, then we could consider opening a new short position with the first target for the share and 1.4530 share with the second goal in 1450.

EUR / GBP
(more…)

Good morning to all readers, here are the behavior of the dollar so far, and some brief suggestions to the forex market investors.

In Friday’s session last week, the dollar was correcting in the range of low and moments later closed at 74.12. Well as other major currencies were fluctuating in a narrow range, which meant that the EUR-USD closed at 1.4548 area, the GBP-USD is set at 1.6514, USD-CHF crossing at 0.8856 and closed USD-JPY pair was located at 81.92.

At the meeting American and European market because of declining forex for Easter, purchases and sales declined. The EUR-USD fluctuates in the narrow range of 1.4587-1.4546. Early on the morning of the European session, the GBP-USD rose strongly playing up the day of 1.6567, but then backed off quickly, the pair currently fluctuates around 1.6510.
(more…)

Ahead of us are waiting for a long weekend. I’m not always aware of religious holidays, for me there is only Christmas and New Year, all other days, I think the workers. Today, however, looking at the calendar I saw that weekend will be much as 4! On Friday, all the rest, and on Monday, Europe will be devoid of major market players – Germany, there is also output. In general, the rest …
(more…)

Trading in Forex and stock markets is not only knowledge and understanding of the fundamentals or technical analysis. Trading is defined by many as an art in itself. Even with a great knowledge and understanding of the market, it is still losing money in mercato.Si can guess that the market goes up and then you purchase, opening a long position. Instead of going in that direction, the market starts to move downwards and comes into the stop-loss, closing the score to a loss making position.

A minute later we see the market go up again, in the way we thought about and analyzed. You end up with a loss in the previous position and now is anxious to get straight back into the market to buy again, because you still have the feeling that the market will continue to rise.
(more…)

What is a trading style? It ‘s just the way in which a trader or a speculator is better while interacting with the market. There may be valid for both styles of trading operations in the long-term and short-term, also depending on the different trading styles and patterns, there may be other technical indicators that are more important.

However, we should always bear in mind that the market is not required to move the second notsro trading. The day traders could easily be in a situation in which to operate the second swing trading, while those who work mainly with the swing might make following the trend, depending on how the market decides to do.
(more…)

Along wk Easter began and most of the market in Europe are closed as London, Frankfurt and Zurich. Thus, we should find ourselves in a small market with no real trend. Also pay attention to you. Our board of the morning, 30 mins and 4 hours MACD is bullish and 4580/90 will be our strength this morning for a return on our tallest yesterday 4620/40. Under 4580/90, you can sell parity for 4550.
(more…)