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

We are finally rid of the psychodrama of the vote by the Greek Parliament and the euro after the “good news” is rising again. Everyone breathes and countries should avoid bankruptcy but for how long? Our Board of morning, the daily MACD is now turning upward and mounted on 4520 is a harbinger of change. The MACD is bearish 30 mins 4 hours while it is still bullish. 4520 is significant resistance and if it passes then we should come back fairly easily on 1.47. Our materials will be this morning on 4480/70 and 4450 for a return of 4520 and a new test of the highest. On the upside, the objectives are of 4550/80.
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EUR / USD:

After approval of the plan of austerity on the part of Greece, our currency has risen for the day today we might think of opening a new long position if the price were to break the rising share of 1.4510, with the primary objective of achieving 1.4530 share and how to achieve the second objective of 1.4550 share. If the price exceeds the share of 1.4460 to the bottom, then we could open a new short position with the first goal at a height of 1.4450 and 1.4440 share for the second goal.

EUR / GBP:

For today’s the day we might consider opening a long position if the price of this exchange ratio should break to the upside 0.9020 share, setting a first target share and 0.9040 share of 0.9050 as the second goal. Should the price down rather than 0.8980 share, then we could open a short position as the first goal setting and how to share 0.8970 0.8960 share of the second goal.
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Chaikin Money Flow indicator (CMF) was developed by Marc Chaikin to measure the flow volume during a given period. The volume flow (Money Flow Volume) is the basis of Accumulation / Distribution Line . The Accumulation / Distribution Line was used Money Flow Volume cumulatively, Chaikin Money Flow instead simply add the Money Flow Volume for a certain period (20-21 session is the period used). The result is an oscillating indicator that fluctuates around zero as a core value. The basic use of the CMF is to take the value of the indicator as a measure of balance between buyers / sellers. You can also use the crossing of the CMF and the zero level to identify changes in cash flow.

Calculation of the Chaikin Money Flow

The CMF is calculated in 3 steps. First calculate the Money Flow Multiplier for each session. Second, multiply the volume of each session by the Money Flow Multiplier (with this you get the Money Flow Volume). Third Money Flow adds the volume for each session and divided by the total number of sessions:
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The pair USD / CHF has not given us any change in the forecast, which remains heavily bearish, and still make notable moves. It is very likely to come as close to the 0.8200 low.

Let’s take a look at the daily chart . Characteristic can be prevalent during the fall of the USD / CHF and the media that have been overcome had become good resistance. From this point of view, it is expected that the selling pressure continues to dominate while the price remains under 0.8555, the last resistance formed.
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On the day yesterday in the currency market , the Greek Parliament voted 155-138 in favor with $ 40 billion in budget cuts and painful tax increases in the coming years and angry protests in the street. Greece took a step back in terms of a cessation of payments outstanding on Wednesday approved a package of austerity, but not to allay fears that their debt growth is becoming unsustainable and sooner or later, they still have to be restructured. The German president, Merkel said that Greece adopted the austerity plan is good news.

EUR / USD:

A few weeks ago we saw the possibility of EUR / USD to reach 1.45, so he did get there. The main trend is the formation of a clear bias to the upside.
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Now that Greece has approved the austerity plan, attention was again focused on interest rates and the euro reached a week maximum waiting for the next ECB decision on interest rates is just around the corner.

At present, the EURUSD is at 1.4498 and it is very likely to exceed the resistance 1.45 key, but we must wait for the day to confirm this break. Looking graphics have 4 or 1 hour, there are signs of weakness to think that this break will not occur.

Trading strategy: sell 1.4500, stop at 1.4530, target open
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The market was optimistic before the vote yesterday’s austerity plan of Greece which is expected today or tomorrow. Also, the euro is back on 1.44. Like yesterday, the Greece will remain the driving force of the day like yesterday and volatility should be important also careful not to let yourself be surprised. Our board of the morning, the macd 30 mins and 4 hours are bullish and we are back on high points of June 22 with a barrier resistance on 4420/40. A passage from 4450 to 4480 and is bullish longer term on 4620. But again, it is the event which will be the trend.
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EUR / USD:

Euro still rising, by analyzing our charts, we can see that we can consider the opening of new long position if the price exceeds the rise in the share of 1.4420, setting the first goal at a height of 1.4440 and the second goal 1.4460 share. If the price falls below 1.4240, then we could consider opening a new short position with the first goal at a height of 1.4230 and 1.4220 share for the second goal.

EUR / GBP:

From our graphs show that we can open a new long position if the price of this exchange ratio should break the rising share of 0.8970, setting the first goal at a height of 0.8980 and 0.8990 share for the second goal. If the price exceeds the share of 0.8940 to the bottom, then we could open a short position with the first goal at a height of 0.8920 and 0.8900 share for the second goal.
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In the last days of activities in the foreign exchange market , the German Federal Office released statistics that showed the CPI rose 0.1% in June compared with June last year, which rose 2.3 data %. In others, the German market research, GFK, released data on the ICC would increase to 5.7 in July, which is higher than the expected value (5.6.) The revised value of ICC was 5.6 when the baseline was 5.5.

EUR / USD:

Previous day, the EUR / USD rose to peaks in morning trading.

Supported by the exchange rate in the short term, the line average of 144 days played an important role at this time. Currently, the average system set on long position.
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We’re a few hours before the Greek parliament vote to accept or reject austerity plan proposed by the IMF and the EU to Greece can receive from both the last stage of rescue to some extent alleviate the crisis that has that country and has had the market very nervous, especially because of the risk of contagion to other countries in Europe.

Surely, we all have eyes on Greece, Dollar even made a little pause to look out for what will happen in the legislature of the country and even Hellenic during Tuesday that currency position has lost against the euro, but which to continue the downward trend that has made the single currency in recent weeks, placed in the EURUSD now at a very good position to go short (sell high). My analysis tells me we are about to start a wave 3 bearish on this pair, for fans of elliot waves, remember that within the structure of impulse waves, wave 3 is traditionally the most pronounced and the current context live market, where many experts have even said that Greece will fall into default, the price continued to look downward.
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