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

The week just ended has seen very difficult day for the United States, which still can not find an agreement to increase the debt ceiling and now seriously threaten a default. The exchange rate between euro and dollar, our currency has touched a peak at an altitude of around 1.4500 in the middle of the week, before falling back to the weekend, since even in our continent the situation is of grave crisis, due to fear of sovereign debt and that the contagion from Greece, also expands to Spain and Italy.

The exchange ratio Sterling / U.S. dollar has had to take a slightly rising trend, with evidence of how the situation in the UK is better than you are living in the U.S., where the tension “can be cut with a knife.” For the next week we expect a trend in favor of the English uniform, but be careful about what will happen in the U.S. Senate during the first days of next week, as if you were able to find a deal on debt, the dollar could gain ground.
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We saw in the last article a first comparison between the human mind and computer in the world of forex. Which of the two options should? Specialize and study to become a professional trader, or rely on a trading robot? Or opt for a middle ground? The software is not emotional, is known.

The particular aspect of trading programs is that while they do not have the capacity to develop a human instinct, this also means that they can make all the emotionalism related errors that plague so many novice traders.
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Today there are many trading software that promises you a hand in making money with the currency market. A simple search on Google for very many results. This raises a very pertinent question: which method is more efficient to analyze and to trading on the markets, the human mind or computer software?

We’re going to see in this and subsequent articles about the advantages and disadvantages of the human mind and the use of trading programs.

First you need to talk about price. The markets were created by humans. In particular, they were created from the conviction that human beings act on the same markets at the time, internally, they believe that the price of a particular title or of a given currency pair is too high, too low or just right is .
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The legislative maneuver to avoid a crippling debt default of the United States continues to hold the world in balance. Friday night the U.S. House has finally approved a bill to increase the debt ceiling, but the Democratic Senate quickly rejected the law itself. The leader of Senate Democrats, Harry Reid, has sold when he saw his proposal to reduce the deficit and is now looking for a new vote on the proposal, which will be held today. Unless there is a compromise with Republicans, the U.S. is headed for economic disaster.

The new version of the bill would give to Barack Obama essentially the authority to raise the roof of the debt in three phases, in order to cover the financing needs of the United States along the 2012 elections, when he will be in the running for a second mandate. Obama and the Democrats had hoped to avoid multiple votes before the election.
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Finding a suitable accommodation should begin as soon as you know, want to live in any region in Switzerland it. We strongly recommend you to ask before contract negotiations with your employer about the level of rents in the region.

Rents in USA, as the cost of living in general, unfortunately, often very high, particularly in cities such as Dallas, Jacksonville, New York, Los Angeles. These are cost items that you must take into account in wage negotiations. Minneapolis Apartments For Rent could be the best option for you for your desired apartments.

Compare Prices well below the market average, have usually always a catch. Be especially careful in these cases. If you are asked to pledge immediately or within a very short time, then usually the reason that the landlord or seller to hide defects or other pitfalls wants. In this case, you lean on the best off directly.
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EUR / USD

The euro ended the momentum it had in the past few hours, the day today we might consider opening a long position if the share price should break 1.4550, setting the first goal at a height of 1.4570 and 1.4590 share for the second goal. If instead the price would drop again to break the downward 1.4460, then we could open a short position with the first goal and the second at 1.4440 target 1.4420.

EUR / GBP

For today’s session we could open a new long position if the value of the exchange rate should break the rising share of 0.8880, setting a goal to reach an altitude of first and second target 0.8890 to 0.8900 share. Should the price break downward instead of 0.8790 share, then we could open a short position with the first goal at a height of 0.8770 and 0.8750 share of the second objective.
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American politicians seem just as divided on solutions to the problem of the debt ceiling. Also, the euro remained at- above
1.45. Because of this, and now we should have the same market as yesterday with the same points to play. Our board of the morning, the MACD is bearish 30 mins but still with a 4 am bullish sign of consolidation. Like yesterday, the area of resistance 4520/30 and these points will allow sellers to take positions with stoploss at- above 4540.

On the downside, the objectives will be at the point of media yesterday, 4480/70 and 4460/50. These same points can be bought, but a passage in 4440 is bearish for 4420 and 4380. Finally on the rise-and above 4540, we will have as objectives 4580/4620. Like yesterday, we should remain slightly bullish. But be careful, because a resolution of the crisis could see the dollar back height and thus lead to a decline of the euro.
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It is natural to see the weak dollar against another currency no matter how many problems have the opposite currency to the dollar, so my sarcastic question. On the issue mandatory debt ceiling, I can only say that when you do not get your check to a veteran, so far just the dam at any time, I say this not to get a course no agreement.

The latest report last week and a half talking about the Euro fig1 a triangle bullish out to touch the legs of the triangle. While he had a sharp fall after hitting the first triangle achievement confirms our analysis, except for about 60 pips I understand should meet soon, but with enough travel.
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Since early this year Apple has almost always been an asset on the rise, has been lethargic in stalling the price highs without being able to get through.

But on Monday, July 18 began the alarm because Apple managed to break the resistance of the $ 364 he gave way to anxious virgin soil. But two days later, the price gap drew a bull that has not yet been covered.

Therefore, in order to enter the action could wait until the price drops, covered the gap and used as the base of the support in the area of ​​$ 378 to gain momentum and continue the ascent in the area where the price is not no obstacle in the way to lose strength.
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Last week in July, would be nice to bring some results. Markets, in many respects, show what is expected of them and one would expect – big outset, which is very difficult to trade. Earnings almost to zero the last time, rest more than usual, doing their business.

If something is moving, and more or less pure, so it is certainly not the major currency pairs on Forex in the past two months. I wrote about this back in May, and was ready for a difficult period, although it is recognized that the market is somewhat puzzled me, when the decline in early July, at which point I wondered whether we do not fell a snowball down. But everything turned out more logical, though to capitalize on this and failed.

Looking ahead, we can attempt to guess where the market will go, but you can wait. Yet, if we assume it’s good to look at the good prospects of growth of the American stock market, and commodity markets. Based on these prospects more likely in August or September, the situation will be prepared to break up the euro – higher than 1.5. How will the situation be formed to leap to say right now is very difficult, the only thing you need to constantly monitor the market will look like and what levels to break the situation will be within days.
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