Analysis of the Currency May 7, 2012

EUR / USD

For today’s session we might consider opening a new long position if the value of the exchange ratio should break to the upside the 1.3030 threshold, setting the first target 1.3050 at 1.3070 and the second goal. If the share price were to break the downward 1.2940 could open a short position with the first goal at a height of 1.2920 and 1.2900 share for the second goal.

EUR / GBP

For the day today we could open a new long position if the price were to break the rising share of 0.8080, by fixing the first lens portion and the second lens 0.8100 0.8120 share. If the price were to fall to 0.8040 but break, we could open a short position with the first target at an altitude of 0.8020 and 0.8000 share for the second goal.
Continue reading Analysis of the Currency May 7, 2012

Technical analysis of forex market May 7,2012

1.3006 to the euro this morning after the election of a governing Socialist France and Greece in the cacophony. If the French election was anticipated by the markets, concerned about the situation in Greece this morning. Indeed, no majority is exit polls and more importantly, anti-rigor parties may prevent the continuation of the implementation measures necessary to remedy the country and cause the end of the financial assistance Europe. Our advice in the morning, 1.30 and 2980/70 are our media. Parity has often bounced off these levels then the rash can be placed on the purchase with stoploss below 2970, between 65 and 55. The objectives are to increase the return on 3080. Attention since 3050 will act as intermediate resistance, causing a beginning of a range.

On the downside, sellers should come and put on either 3050 or 3080 with stoploss above 3095 and until 3105.
Finally, and even more in 2970, a decline could be like 2920 or 2880 objectives.
Continue reading Technical analysis of forex market May 7,2012

USD-CHF forex analysis for the week of May 7 to 11

The last week, we wrote, “. We have a support area 0.9080/70 and only the foolhardy will play back above 0.91. Now, many resistances are then back to 0.92 and it seems almost certain that these points as 0.9140/50 and 0.9180 will sellers come to reposition itself “and finally, parity has consolidated above 0.9080/70 and to return end the week on 0.9180.

The mixed U.S. data did not dampen the appetite for the dollar strengthened in this by the uncertainties before the French presidential election and especially the vagueness of what could be the composition of the new legislative majority in Greece. Indeed, the risk is ending up on the evening of May 6 with a patchwork of smaller parties making anti-austerity fear the worst about the future of Greece in the euro area. Thus, the traders do not want to take risks and have turned to the dollar currency.
Continue reading USD-CHF forex analysis for the week of May 7 to 11

Technical analysis and forex forecasts GBP-USD for the week of May 7 to 11

The ‚Äč‚Äčlast week, we wrote “Because of this and if we manage to stay under 6280/70, parity may initiate a consolidation for a return to 6180/70 and 6150. The stoploss will be above 6295 and until 6310 “and despite the average figures of U.S. employment, the dollar took the opportunity to regain ground and come back in to finish the week 1.62 against the Pound Sterling in 6152.

As on the Eurodollar, the price should suffer the political events Europeans. English local elections on Friday showed a rejection of the policies of Prime Minister Mr Cameron and although the turnout was low, the Labor Party had taken the bull by the horns across the country. Nevertheless, we can not say that this has greatly affected the pound sterling.
Continue reading Technical analysis and forex forecasts GBP-USD for the week of May 7 to 11

Analysis of the Currency April 30, 2012

EUR / USD

For the session today exchange ratio we can predict the opening of a long position in the case where the price should exceed the price of 1.3250, with the first objective 1.3270 and 1.3290 with the second objective. With regard to a drop of this cross, if the price were to fall below an altitude of 1.3230, then we could close with first lens to 1.3210 and with a second target at 1.3200.

EUR / GBP

Going to see this exchange ratio, for today we might consider opening a long position if the share price over give 0.8140, by fixing the first lens portion and the second lens 0.8160 0.8180. If the price falls to 0.8120 share, then the first goal at a height of 0.8110 and 0.8800 share for the second goal.
Continue reading Analysis of the Currency April 30, 2012

Technical analysis of forex market April 30,2012

Trend still very bullish on parity with our points still Friday’s high at 3250/60 which are resistances. Our advice in the morning, rumors indicate sales of central banks over 3260 with a 1.33 barrier option that would defend the area. It is clear that whenever we try to pass these levels upward, parity is sent down.
However be careful, because when the cap will jump, rising to 1.33 and above, may be rapid.

Also, vendors will sell slightly 3250/60 with stoploss above 3270 or 3285. Back on 3220/10 is currently the target. Goal that could allow also the MACD 30 mins to go bearish and perhaps return parity to 1.32 in 3180/70.
By cons, a passage over 3270/80 and especially 3295, send parity on 3320/40. Buyers will reposition to purchase over 3205 and 3180/70, with stoploss above 3195 and 3160/55.
Continue reading Technical analysis of forex market April 30,2012

USD-CHF forex analysis for the week of May 30 to 4

The last week, we wrote, “So how to stand on the USD-CHF this week? First the daily MACD is bearish and under these conditions, it is best not to focus top up. We have a support area 0.9080/70 and only the foolhardy will play back above 0.91 “And finally, parity remained below 0.9180 to finish the week at 0.9067.

The sharp rise of the Eurodollar has led to declining parity with passage Friday night in 0.91. U.S. statistics mean, if there were poor for many. Now, again the future evolution of the parity will depend on the behavior of the EUR-CHF happens to remain far above 1.20. But who could crack, despite the support of the Swiss National Bank and the USD-CHF result in his downfall.
Continue reading USD-CHF forex analysis for the week of May 30 to 4

Technical analysis and forex forecasts GBP-USD for the week of May 30 to 4

The last week has, we wrote “Finally and above 6180, the road to 1.62 and 1.65 could still be opened by the accumulation of which will rub stoploss above of 6180/90 “and despite the recession in Britain, the pound has continued to gain ground last week against the dollar. So, after spending upwards our resistors 6020/30, we fitted straight towards 6270/80, Friday afternoon, ending at the close, the week of 6261.

Last week was curious. Indeed, after the English negative GDP number for the second consecutive quarter, the British currency would have had to retreat and the dollar benefit. But it has not happened and instead after several mediocre or poor U.S. figures and a press conference of Mr. Bernanke, the dollar weakened, reducing the pound beyond the levels of November 2011.
Continue reading Technical analysis and forex forecasts GBP-USD for the week of May 30 to 4

Analysis of the Currency April 25, 2012

EUR / USD

For the trading session today might be able to open a new location if the purchase price of the exchange ratio should break the rising share of 1.3220, by fixing the first lens portion and the second lens 1.3240 1.3260 share. Should the price go down rather than up to down the share of 1.3150, then we could open a new short position with the first goal at a height of 1.3130 and 1.3110 share for the second goal.

EUR / GBP

For the trading day today we might consider opening a new long position if the price were to break the 0.8190 upside, with the first goal at a height of 0.8200 and 0.8220 share for the second goal. If the price of the exchange rate EUR / GBP would rather break the downward 0.8150, then we could open a position in sales with the first goal at an altitude of 0.8130 and 0.8110 share for the second goal.
Continue reading Analysis of the Currency April 25, 2012

Technical analysis of forex market April 25,2012

Of optimism yesterday before the Fed tonight and who wins one euro ground against the dollar to return on Friday for high points in 3250. Our advice in the morning, 3220 and 3240 will be our points of strength this morning. 3250 meanwhile, will act as intermediate barrier before 3280, defending a larger increase.

Thus, sellers will benefit from waiting for the monthly meeting of the Fed on interest rates tonight to place itself on these levels. Thus, the stoploss will be over between 3250 and 3255 and 60).
Buyers in turn are placed on 3180/70 with stoploss below 3170 and between 3160 and 50. Their goals are a passage of 3250 and finally 1.33 for 3280 (3320).
Continue reading Technical analysis of forex market April 25,2012