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

4505 at the top this morning to face the uncertainty of a failure to pay the E- U. U.S. officials have been unable to agree on a solution and the Time passes and there is growing concern in the markets. In addition, the IMF urged the U.S. government against a possible global financial catastrophe as we approach the May 2 Our Board of morning, the trend will remain bullish and nervousness grande.Il no point in getting on the train to 1.45. But to go on buying replacements bearish as the area of media 4480/70. On the upside a passage over 4520/40 is bullish for 4580 and 4620, the points that we gave in our analysis of Sunday. On the downside, we will have to be very careful and put on tight stoploss. But in a rising market and with the uncertainty of current regulations, parity may well go to 1.50 this week. So positions for sale are to be avoided.
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EUR / USD

The euro has recovered a lot since the last difficulty, for the session today we might consider opening a long position if the price were to rise further and break the upward threshold of 1.4530, 1.4550 part by setting a goal and first as the second 1.4570 share goal. If the price were to go down to 1.4450 share of break, then we could open a short position with the first goal and second goal 1.4430 1.4410.

EUR / GBP

For purposes of this exchange ratio, after the big climb of the euro, for the session today we take into considezione opening a new location if the purchase price of this exchange ratio should break the rising share of 0.8880, setting first goal as a share of 0.8890 and 0.8900 share of the second goal. If the price of this exchange ratio should break downward share of 0.8855, then we could open a new short position as the first goal setting and how to share 0.8840 0.8830 share of the second goal.
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What is the confluence of Fibonacci? Forex currencies often move in a measured way. A strong and sustained move towards a certain direction, in general, covers a percentage of its movement before we can continue to see an even higher.

Forex traders use the Fibonacci tool to trace and delineate these movements. The reports include those that are more common at an altitude of 23.6%, 38.2% and 61.8%. The level at an altitude of 50% is also very common, since it is the halfway point of a given movement, but does not fall within the levels of the Fibonacci sequence.

Traders then use these levels to predict groped for the extension of a pullback.

There is also talk of detente and Fibonacci tools that are very popular and are used when a given currency pair moves beyond the level of 100% of the previous wave. The main points are Fibonacci extension 1.618 and 1.272.
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Investors are very attentive to the potential looming debt default by the U.S. and its continuing problems in Greece, so that both the dollar and the euro down against the Swiss franc.

The dollar touched a record low against the Swiss franc at 0.8021 francs share, while the euro has declined by 1, 5%, in crisis because of the situation in Greece. In addition, the dollar also fell against the Japanese yen. Traders were reluctant to push up the yen too, since there is the risk of provoking the reaction of Japanese officials to intervene in the market to stop the strength of their currency.

Where will the Swiss franc? At one point, according to industry experts, these too overvalued currencies expected to fall and lose value, but we’re not there yet. Switzerland has held quite well the economic crisis by exporting pharmaceutical products and luxury, which is why investors are focusing on its currency in defiance of U.S. dollars and euros.
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The euro has strengthened the Asian session earlier this week between 1.44 and 4340. Moody’s also downgraded the financial rating of Greece and on the other handm negotiations between Republicans and Democrats have so far not accomplished. Therefore, we should watch a game of ping pong between the dollar and the euro this week and until 2 August. Our board of the morning, 30 mins is bearish this morning while it was still 4 hours Bull. However a return to 4320 could see a downside risk on the 4h.

And as for now, we have to be careful on the rise over the area of media Friday night that is 4340/30. A rebound in these levels is possible to go back at least 4380. But in 4320, then parity could go much lower and back test 4280/70, see 4250. On the upside, it should go back to 4380/90 to test the high point of the night at 1.44 and go back to 4405 on the high points of last Friday. Finally, we remain vendor on parity as the bear is 30 mins. We try to buy from 4340/30 but with stoploss in 4320. A shift to lower 4320/10 should amplify the downward trend.
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Before the crash of the dollar the calm before the storm

Last week, we wrote “We remain buyers of the points between 5970 and 6020 to 6150/6250″ Obviously this week has been as hectic on the euro since we went to 1.58 before returning to 1.63 and finish the week 6298.

Again, the problem of the debt ceiling may arise and again, bad news the inability of U.S. officials to reach an agreement, may hamper the dollar and thus benefit the pound sterling.

We will not change strategy and instead buy all the low points that we know for perhaps to benefit from rising ahead. Obviously, you have to believe this is because the volatility of the pound sterling as 200 pips spreads are possible.
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Before the crash of the dollar the calm before the storm this week?

Last week, we wrote “One can also think that before July 21, parity is no trend, strengthens slightly lower, due to the daily macd bearish. “If indeed the trend remains bearish, volatility has been nothing in common and we were treated to a decrease of 4150 to 4430 back on and finish the week at 4357.

Summer is often a zone of turbulence on the markets and the month of July was no exception. After yet another meeting on a rescue plan for Greece, which has only push back the deadlines, here on the other side of the Atlantic the series of U.S. debt ceiling will hold us in suspense and that until its ending August 2.
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If the graph creates a channel, the trading price will move for most of the time within the upper and lower limits of the channel. This happens as long as the price itself can not be more content.

The price of the currency question, therefore, the channel will break and become very volatile price action.

If prices fall within a channel that has a growing trend, it is probable that the price increases will continue in the future.
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The channel of a chart of currency takes its name from the particularity of the price movements that occur in a particular channel.

The channel model is used to analyze the price action in relation to the shape of the channel. The channel model helps in predicting short term price action, since it is one of the most powerful and consistent models used in trading.

A channel model consists of two trends that are tracked in parallel with each other. The line of the highest channel model serves as a resistance line, while the bottom line is regarded as the support line.
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We have seen in the last article that the situation in the euro area is still critical. Despite the meeting of France and Germany, we need to find a direction unique and valid to make so that you can get out in the best and fastest possible from this crisis, especially avoiding the contagion spreads and affects the larger countries, such as’ Italy or Spain.

What is needed is a European version of the Brady Plan, the debt conversion planned by the George W. Bush. This plan allowed the U.S. creditors to cash bonds that were held in Latin America, with a discount in exchange for a series of new and strong guarantees. The banks were thus able to avoid a crippling devaluation.
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