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

EUR / USD

Long route in the early weeks of the euro against the dollar, for the day today we might consider opening a long position if the value of this exchange ratio would rise again to break up the share of the upside 1.4160, placing the first goal at a height of 1.4180 and 1.4200 share for the second goal. If the price should drop again to break the downward 1.3970 share, then we could open a short position with the first target 1.3950 and 1.3930 second goal.

EUR / GBP

For the trading day today we might consider opening a new long position if the price of this share exchange ratio should break the rising share of 0.8770, with the primary objective and as a proportion 0.8790 0.8810 share of the second goal. If the price falls to 0.8750 to break the downward portion, we could open a short position as the first goal setting and how to share 0.8730 0.8710 share of the second goal.
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The detection and identification of points of support and resistance is fundamental to success in any financial market, forex trading is no different. Only with a deep understanding of price action signals can be inferred, much earlier than that would allow traditional indicators, such as price level would do better in relation to these areas.

‘S the price analysis can be used with any period of time, since it fits very well. Obviously, the timing may be shorter than indecisive and give a series of false alarms. When operating with the price action you can think of several times to test the areas of support and resistance, drawing trend lines and channels, etc., developing a number of highly profitable trading systems.
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Last week we focused on a range of 1.3500- 1.4000 for the EUR / USD. Parity is actually rising to 1.3799 1.4247, driven by the decisions taken at the meeting of the EU summit. The euro area will Does they enjoy a respite from the many attacks it endured? We expect a stabilization in- above the 1.4000 mark for this season and for the coming week the channel of 1.39- 1.43 is the one we recommend.

The last week, we wrote “The daily MACD is still bearish and now we find ourselves on major media. A passage in 8820, we sent the last line of media before a much larger decline towards 8680/50 “and finally, the decline has continued to go to the lowest end of 8550 and 8629, Friday at the close US .

For now, the story of the decline is as expected. But now comes the hardest part. For as the other parities, it is questionable whether the time has not arrived for a breather. Indeed, the area of 8550/20 expected to block a larger decline. However be careful because the daily macd is always bearish and so far we see no reversal. But just for breathing may to enable vendors to reposition itself for sale.
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The last week, we wrote “We believe that if parity is close to 1.60, it should easily pass this test to get 6080 and 6120″ and the British pound ended at the highest at the close US Friday night in 6130.

The inability of Europeans to find a solution to the financial crisis had weakened the pound sterling and the dollar had benefited. Everyone feared a contagion to Great Britain for two years undergoing a contraction of its economy. Thus, after the euphoria of the top European markets pushed sterling to- above 1.60 to come to our points of resistance 6120/30.
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EUR / USD

For today’s session we might consider opening a long position if the value of this exchange ratio exceeds the rising price of 1.4010, 1.4030 part by setting a goal and first goal as a proportion 1.4050 seconds. Should the price instead of breaking down the share of 1.3880, then we could open a new short position with the first goal at a height of 1.3860 and 1.3850 share of the second goal.

EUR / GBP

For the trading day today we could open a new position in the event that the purchase price should break the rising share of 0.8750, setting the first goal at a height of 0.8770 and 0.8790 share for the second goal. Should the price instead of breaking down the share of 0.8670, then we could open a new short position by placing the primary objective of the share as 0.8650 and 0.8640 share of the second objective.
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MiFID stands for Markets in Financial Instruments Directive (Markets in Financial Instruments), a European Union law that affects all member states. This policy was created to address the need to strengthen the methodology, consultation and transparency in the financial services sector, which was pretty lax regulation in some states of the European Union. This need was accentuated in 2008 when global financial crisis erupted.

The Markets in Financial Instruments Directive, or MiFID, is a law that harmonizes regulation in the European Economic Area. From the start, had enough problems MiFID and European lawmakers are preparing to update to incorporate the suggestions they deem appropriate, giving birth to the new and improved MiFID II.

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The actions are based on analysis of the prices of finished candles, so you need to monitor the charts for long periods. Whether it’s graphic to one quarter of an hour, hour or week, you can make decisions only valid when the price bar is complete. This mode of operation allows for a much lower level of anxiety and reduces thoughts.

The signs of price movement is more reliable for longer, given that allows you to make more profit. Most trading systems reads better trends and generates fewer false signals with longer timeframes. The reading of the price action can take advantage of the timing and further increase the profit potential.

Some of the A-specific signals of prices are among the latest trading signals. Just these signals provide excellent opportunity for profit for the scalpers and also for the long-term traders. Consider these signals together with the major support and resistance lines, leaving little room for error than the use of trend indicators or similar tools.
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Day of madness yesterday on the euro market with a range. Then before the summit began, parity fell back to 1.38 in 3920 and quickly end up on this morning 1.40. One can imagine that despite everyone’s satisfaction, this agreement will take time and that soon the problems will return. Our board of the morning, all our indicators are on the rise this morning and the current zone and up to 4080 is resistance. As we saw in our outlook for the EUR- USD Sunday, a passage 1.40 above a concrete was reversed in daily, leading us to 1.45. Therefore, we will not sell parity this morning, especially with a macd 30 mins, bullish. Be expected to return to 4080 to try with stoploss of 4095. However, without careful as bearish signal on 30 mins, it may be tricky.
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Probably the main reason why many people lose money consistently in the forex market is due to the fact that there are people who make it accountable. Unlike the classic work you do, where you have to account to its owner, if you lose money in forex, nothing happens, except that it is less rich. To put it succinctly, you must find a way to take responsibility, if you want to excel in the Forex.

Rader t do part-time forces you to study and to trade with a higher timeframes, for example by choosing the time, four hours or even daily. This need is actually a good thing, despite what many traders think, or that there is no advantage in doing negotiation with the lowest timings. Sometimes you can improve their results simply by trading with charts 4 hours or an hour, given that the market offers configurations from which traders can take advantage of.
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