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

any wonder why technical analysis works? There is a perception that technical analysis works because of the fact that it uses a lot of traders. For example, if the daily chart formed a clear box, or some other formation, and many traders saw it, it is logical that they will trade in the direction of mining graphic shapes. No doubt this is true, but I would add that technical analysis confirms the mood of the market that each picture can explain the shape simple and clear words with an emphasis on supply and demand, which are the principal in the pricing of any asset.

Not to be wordy, I will describe some graphic figures with the words:
Triangle – a period in the market, when volatility is reduced, not updated or highs or lows. Once the triangle breaks, people will realize that the market has begun to move and come to the side of the breakdown.
(more…)

Refusal to cross the zone of resistance yesterday 4120/30 and the euro is back on our line of brackets 4030/20 this morning. The MACD is bearish 30 mins while 4h is bullish on him. The situation in Greece concern at the highest point and the situation is deteriorating with the mounted on the popular discontent against the privatization proposal and requested by Brussels and the IMF. Under these conditions, the euro struggling to maintain and to risk the dollar benefits. Our board this morning, be careful, careful, if the MACD 4h was still bullish, it could send a signal of decline and Euro could come retest its lowest in 4020 and supports our area 3980/70. A depression of the latter could lead to parity 3750. In addition, the MACD is still bearish 30 mins and 1.40 in recess, things could get carried away.
(more…)

The EURUSD is trading in a bullish channel after observing a training sail “Doji” which coincided with the last candle of the downward trend was successful so long to enter the market with a stop set, we warned that it could be a bullish trend change, as happened.

See if the couple is able to keep breaking levels of resistance and to continue to rise.

The resistance zones are located at 1.4120, 1.4140/60 with double zero which coincides with the 1.4200 Fibonacci retracement 61.8% and the trend line principal bassist.
(more…)

We have seen in the last article the ‘ADX indicator, saying it is a good indicator that gives us an idea of where the trend is going. But beyond that, the ADX also gives us the signals to buy and sell.

If the + DI line is moving upward, when the + DI crosses – A bottom-up, this indicates a reversal of the uptrend, then you could open long positions and close short positions.

If the line – DI takes a downward motion, or when the line – Progress under the + DI line, then we have an indication of a reversal of the downward trend, then you can open and close short positions long positions .
(more…)

Area media yesterday on 3980/70 and 4020 was held this morning the euro is on our first resistance of 4080. The MACD is bullish 30 mins and although the 4 h still bearish, it is possible- above 4080 that he it turns to the parity of breath. One can imagine that the prospect of the German IFO 10:00 supports parity. Our board of the morning, the German statistics is very important for the rest of the day and that fact also 4080. A passage- Above that point brings us back to 4120 and may be 4150 and even more if the MACD turns 4h permanently. Unlike a bad number and the euro falling off again on the low point yesterday in 4030/20 and then know our line of defense for 3980/70. 4080/70 can be sold with stoploss on 4095/4105.
(more…)

Starts last week of May 2011 in the market forex , it’s time to take stock in the 3 weeks before and begin to establish appropriate risks to finish the month in the best way possible.

This new week is sure to be moved by the announcement of the Greek prime minister, the socialist George Papandreou, who warned that if Greece does not receive in June the fifth tranche of foreign aid to 12,000 million euros, the country will go bankrupt.

In the last week we saw the EURO / DOLLAR realize the decline noted in our analysis, such as our effectiveness analysis resulted in the USD / JPY, where it managed to break the 81.00 and reaching as mentioned at the beginning of the week section 82.12 .
(more…)

After the price break the wedge upward from the bottom and take the price downtrend has come to the area of ​​resistance (strength) of triple zero 1.4000. We have different points we join the trend, either trend line breaks or in the various confirmations to break the previous minimum.

We’ll see if he can break the 1.3968 minimum and continue the downward trend and that we have not seen patterns of exhaustion …
(more…)

A earlier this week that resembles that of last Monday with a euro back on our low points in 4030/20. Ms. Lagarde’s comments on the possible bankruptcy of a status and ongoing concern about the Greek debt is reinforced fears about the single currency. Our board this morning, the question will be, will T we bounce back on parity on current levels or continue to bear? The MACD 30 mins and 4 are bearish and the area supports between 4020 and 3970 will be crucial for the continuation of the decline. 1.40 is a psychological point and once we’re settled in- below, it is feared that we were going lower.

The rash buy this area supports with stoploss in 3970 (3965/55) for a rebound in 4080 and 4120. 30 mins as the MACD is starting to show slight signs of reversal, we can try to put in small doses. Unfortunately, the 4h is bearish sign of consolidation but also downside risk. In addition, there should be a shift to- above 4150 for the trend turns around. On the downside, and in 3970, it will not be too obstinate because the risk of sudden movement towards 3920.
(more…)

Last Sunday, we wrote “But still, we can reasonably think that for now, we should stop at 5980 and 6020/50. We will move to this area for a bounce or consolidation with high points as 6280/6350/80. We can sell these items for a return on 1.60 “and the parity has consolidated all week between 1.61 and 1.63 to finish at 6225, Friday.

The daily MACD is still bearish weekly and both want to pass down. Nevertheless, and for now, we should be able to stay in- above 1.60 for can- continue to be stored between points last week and the area of 6320/30 will increase our strength with intermediate resistance before 6380 as a return on 1.66/67.
(more…)

Last week, we wrote, “We sell in 4250/80 and is bought for an attempted rebound 3980/50″ and the euro on Monday morning went back to 4030 to 4340 and end on Friday night 4155.

The remarks by Ms. Christine Lagarde on Greece have renewed concerns about debt Greek and it seems that we are moving gradually towards a restructuring of that it, or worse the failure of a state, insofar as the country will find itself despite the money spent unable to repay money loaned.

We can realize that the policies are sound bites there to prepare the market for this eventuality and in addition, the rating agency Fitch has again worsened the debt rating of the country.
(more…)