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

The pair euro / dollar has started the week with a bullish gap starting the week at 1.3308, 70 pips away from end of last week.

In the short term the outlook is neutral. My technical analysis continues the bearish side targeting 1.3145. However, it should be noted that the EUR / USD has reached a trend line of graphics that will provide a strong weekly support . We, therefore, at a key moment. The break in the support area (about 1.3145) and under the trend line could cause to continue the bearish scenario 1.3000.
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The ‘euro lost ground to the fourth week in a row, the longest streak against the dollar by 18 months, especially after the fight in Germany in an attempt to sell its bonds on Wednesday, highlighting how the crisis European debt is touching even the most fiscally strong nations.

The ‘euro fell for the third consecutive week even against the yen as a result of the fact that the rating was downgraded in Belgium. Italy and France now have to sell bonds next week.

The dollar gained against all other currencies after the supercommittee Congress failed to reach an agreement on cutting the deficit of the United States. The conditions of the foreign exchange market this week are still serious.
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The last week, we wrote “However, we remain bearish in 5880, first because the daily MACD is bearish and that this is the intermediate level between a bullish reversal and continuation of the decline.” And finally, British pound fell to end the week on 5431.

The curve of the cable looks like a drop of water to that of the EUR / USD. This parity as we arrive on issues of media, those of September 2011. In addition, the entire area between 5220 and 5480 is area media, as a passage in 5220/5180 risk to send in 1.50.
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How many lots you can trade? It ‘an important question to which we must be able to respond at any time. The amount you decide to risk any trading is an important decision that should be made carefully. However, deciding the level of risk is only the first half of the choice, translate that level of risk in a number of lots is the other half of the same choice.

With MetaTrader4 there are several tools that allow you to calculate how many lots you can “trade”, considering the amount of risk you want to run. How to calculate the number of lots and what values ​​should be considered?

Certainly the size of the positions is important, since the number of lots that can be “betraying” from time to time will be different between different currency pairs, since the spread of a currency pair varies from time to time.
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Technical analysis is concerned mainly with recent movements in the foreign exchange market. So the past is illuminated very strong to draw conclusions about future events could then. Within the technical analysis, the analyst deals with all past volume and price movements and their effects. Coming together is enough information, the analyst is able to create a chart on which he represents all movements clear. The technical analyst pursued as opposed to fundamental analysts, not the goal, a general overview of trends and opportunities to create, but limited .
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A fundamental analyst is not limited to those movements that relate to a particular investment from him, but would so a general overview to say about the events, past, present, and future, get to make the area the most profitable investment opportunity identified to. Within the fundamental analysis, the analyst employs so with all the information available to him, but focuses within this wealth of information on key factors, which may attract a development within the financial movements after themselves.
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From Greece comes news that you only have cash for the next 20 days. According to the Greek government does not receive the money promised by Europe will have to stop paying over 2,800 million euros in bonds of debt. Even more, they can not pay salaries to civil servants and pensions. That is, the bankruptcy of the country.

The money from the rescue packages comes from Europe. Europe does not dare to give Greece the next tranche of assistance because they feel that there is no guarantee that the Greek leaders that the next election will carry out the measures of austerity agreed between Greece and the euro area in the past as condition to receive the ransom.

According to Jean-Claude Junker, the zone euro want promises and assurances that whoever wins the elections scheduled in Greece for the month of February, it will implement the agreed reforms. Junker asked these promises in writing and personally signed, the newly appointed prime minister and other politicians Greek Hellenic country. These documents should be submitted to the next European summit November 29. If Greek politicians not agree and do not receive this promise Junker will not be given the green light to the arrival of the rescue funds to Greece.
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EUR / USD

The euro is in crisis, for the session today, we might consider opening a long position, or in the purchase, if the value of the exchange ratio should break to the upside the 1.3385 threshold, setting the first goal at a height of 1.3400 and the second target at an altitude of 1.3420. If the value of the exchange ratio, however, falls to the bottom to break up the share of 1.3250, we could open a short position with first and second objective lens 1.3230 1.3210.

EUR / GBP

For today’s the day of this cross currencies might consider opening a long position if the price of this share exchange ratio should break the rising share of 0.8640, setting the first goal at a height of 0.8650 and 0.8660 share for the second goal. If the exchange ratio should break to the downside, the share of 0.8590, we could open a short position as the first goal setting and how to share 0.8570 0.8550 share of the second goal.
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Another meeting to save the euro and even refused to give Mrs. Merkel market satisfaction with Eurobonds. The penalty is immediate and goes off in the euro falls below 1.33. More. They seem that the Italians tend rates and start to become unbearable for the country. Which weakens even more the European currency and its future. Our board of the morning, as I said yesterday, we have good support in 3295 and as it does not go down this point, the euro may try to resist in 3350. The macd 30 mins, we give a positive signal. But for now, only consolidation. Moreover, even if we manage to keep- above 1.33 would require a return- above 3380 for the trend turns around. So it is best to remain slightly above 1.33 for 3350 and 3380 with stoploss between 3270/55. But as long as we move 3320/30.
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My Trade said that if 1000 traders are on the shortlist, and 100 in Long, the market is growing. First, the facts are not enough, traders may be a different size of the position, I think, with me will not argue if I say that the position size is important? But let’s assume that the size of the position of all the same. Anyway this is madness, the price depends solely on supply and demand at the moment. That is, no matter how many people are sitting in shorts, but how much holding long positions, when they made their deal, only if they were working on the market. Price increases or decreases in time only due to the fact that the market is dominated more willing to buy or sell.
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