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

EUR / USD

For today’s the day may be able to open a new location in the purchase if the price were to break the rising share of 1.3650, with 1.3670 as a first objective part and how to share 1.3690 second goal. If the price of this exchange ratio would have to overcome the downward the share of 1.3480, we could open a new short position with the first target 1.3460 and 1.3440 share for the second goal.

EUR / GBP

For today’s session we might consider opening a location where the purchase value of the exchange ratio of 0.8730 should break upward, staring at the first goal to achieve the second objective of 0.8750 and 0.8770 is reached. If the exchange rate should break the downward price of 0.8650, we could open a short position by fixing the first goal at a height of 0.8630 and 0.8610 share of the second objective.
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We were quite optimistic yesterday about an increase in equity after the parliamentary vote confirming the German aid to Greece. But the pessimism has taken over the hand. More announcements should be made ​​on Friday in Paris, since Nicolas Sarkozy meets with Greek Prime Minister George Papandreou to 17 hours to take stock of the crisis in the country. Our board of the morning, the macd 4 hours and 30 mins are bearish this morning the euro is now back under 1.35. For now, the trend is very bearish and only the area of media can 3480/70 dam acceleration down to 3420. The adventurous can buy these items with stoploss of 3455. But for now, it is advisable to avoid taking positions to buy as parity is not for the least- over 3550/80. We will take advantage of the high points on rebounds to reposition themselves down with stoploss of 3595 and that as long as 30 NSMM is bearish. In Above these points, we could go back to 3620/50, the points yesterday.
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The ‘euro gained against other currencies over the past few hours, but is still marking its worst quarter since the beginning of 2010. The euro has in fact lost nearly 7 percent against the dollar this quarter, because of concerns about the prospect of default because of disputes between Greece and European policymakers on the response to the crisis.

In addition it is also the added nervousness of bird flu in Italy and Spain, as well as fears fueled by exposure to sovereign debt of European banks. All this has led many to think that the end of the decline of our currency is yet to come. From this point of view the position of the euro is pushed downward by investors who continue to seek refuge in the safety of U.S. dollar.
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EUR / USD

Move sideways for our currency against the U.S. dollar, it is feared a further decline from today’s decision will depend on the bottom of Germany were saved. From the technical point of view, for the day today we open a new long position if the price were to rise up to break the share of 1.3670, setting the first goal at a height of 1.3690 and 1.3700 share for the second goal. If the price falls to break up the share of 1.3520, then we could open a new short position with the first goal at a height of 1.3510 and 1.3500 share for the second goal.

EUR / GBP

For today’s the day we might consider opening a new long position, ie purchase, with the first goal at a height of 0.8740 and 0.8760 share of the second goal, if it should break the price upwards the value of 0.8780. Should the price fall below the share of 0.8685, we could open a short position with the first goal at a height of 0.8660 and 0.8650 share of the second objective.
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German MPs should vote by a large majority the rescue mechanism of the euro and as a result of this Franco- German should be announced.

As a result, the price should be supported this morning. Our board of the morning, he’ll have to watch this morning at the German unemployment rate of 9:55 is expected no change. The MACD is bullish 30 mins, however we are waiting and so consolidating in a small market. It’s hard to pass and 3620/30 as we remain in these points, it is likely to be back on 3580/70 to test these levels. If we pass this area on the rise when we return to the 3680 high of yesterday. The 4am is still bullish but a return in 3580/70 and 3550 could bear to pass which could mean a weekend downward and back under 1.35. But for now, the 4 hours 30 mins and is bullish, we must remain purchaser parity while wary of the highest.

We end the discussion in this article overtrading, or to trade excessively, even when it would be better to stay out of the market. When you apply two forex rules. The first says that you should not trade when the market conditions are unclear, but the second says that we must do so if the market is clear. If you have a trading system and do not you trade when the market is supposed to move in a certain way, the cause is that you are afraid of losing.

You must remember that when you develop a trading system, it gives us the advantage of operating leverage for exactly the market trend. The goal is to earn money with a low level of risk. What remains to be done at traders only benefit from their trading system.
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EUR / USD

The euro started the week end of September, losing ground against the U.S. dollar, the trading session today we might consider opening a location in the purchase if the value of the exchange rate should break the upward threshold of 1.3545, setting first goal as a share of 1.3570 and 1.3590 share of the second goal. If the price of this relationship should break downward the value of 1.3345 could open a short position with the first goal and second goal 1.3330 1.3320.

EUR / GBP

For today’s the day we might consider opening a position if the purchase price exceeds the share of the upside 0.8750, with the primary objective to 0.8760 share and 0.8770 share for the second goal. If the exchange ratio of 0.8630 share should break downward, we could open a position in sales as the first goal setting and how to share 0.8620 0.8610 share of the second goal.
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Last week, we wrote “The daily MACD is still bearish and unless a return- over 3840/80, Monday, parity could be heading to the area of ​​media 3480/70. A passage in these levels, we would send the former zone of resistors 3330/20 “and finally, parity has steadily declined to go to a new low as 1.34 and timid rebound on Friday night to finish 1.35.

Disastrous financial situation of Greece still rocked markets last week and it seems that we go irretrievably to the default. The Greek finance minister has warned its partners on the urgency for countries to allocate funds quickly because of being unable to honor future payments. On the other hand, the markets seem to be prepared despite the interventions of policy which in any case can not agree.
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Last week, we wrote “after 1.55 and the lack of bounce, the next goal would be towards 1.50,” and we went further down to 1.53 on Friday to finish 5464. Parity follows the path of the EUR- USD down and this time we finish in 1.55. The financial situation of Europe weighed on sterling even though the economic news from the US are no better. However, the dollar is strengthening at the expense of the pound which must meet the English.
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We started talking in the last article of the importance of keeping a journal of trading. It ‘a very important thing to do and needs to be done in the best way possible. This list should contain everything you do while you are trading, including what you eat or drink. Do not leave anything to chance.

For example, you can write down the number of cans you drink a Coke. You can write how you feel. Also write how many cans did you drink during the week. Try to keep your eating habits listed, for example, as they may have some influence in your trading.

Maybe you discover that you always lose your position in the currency market within the first 45 minutes after eating, for example because you took the sugar, so to lose concentration and fail to operate in the best possible manner.
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