The Greek Parliament adopted yesterday the new austerity plan and the country should receive the help he expected. The euro has appreciated this gesture by returning to the area of resistors 3280/70 and consolidate. Our board of the morning we will be cautious after rising as if the outcome was expected, the fact remains that the situation in Europe is serious this morning and nobody is really satisfied. So now two options available to us.
- The first is that the euro goes back to 3320 and this goes for 1.35. But you really have to spend 3330 for otherwise we may find ourselves before a trap buyer since the resumption of the decline is likely to be brutal. You know, the markets know and sellers are likely to position themselves between 3305 and 3340.
- 3280/70 and 3305 are resistance as the last two weeks and we return gradually towards 3020.
Continue reading Technical analysis of forex market Feb 13,2012
J-Day Before a meeting of European heads of state in Brussels and the parity is still in its consolidation before major decisions. On 30 mins, continues consolidation and 4am this morning is slightly bullish. The market should remain so until tomorrow. Our board of the morning, the area of 4130/20 was support that night and normally the euro should remain in- Above these points today.
We offer a good basis for purchase. 4180/70 will be our area of strength and a passage above 4195, we sent 4220/30 on the high points of yesterday. To the extent that we expect important news, the euro should remain within the limits of yesterday. Also, it remains for us to play these points.
Continue reading Daily technical analysis of forex market, July 20,2011
The European Commission considers the decision of Moody’s “incomprehensible”! Following this decision, the performance of the Irish debt has reached 10 years of peaks (13.81%). This national holiday in France will be- t- it a sign of a lull to the European currency? During yesterday’s session and despite the decision by Moody’s, the dollar came under pressure and the EUR / USD is 1.3951 to 1.4282 rebound! The yo-yo on parity are not ready to fade and everything seems possible now on the foreign exchange market.
The announcement at a meeting of European heads of state on Friday to save the Euro, and the redemption of debt by the ECB Italian and Spanish has allowed the market to recover. But will this be enough t- it to the extent that the financial rating of Ireland was damaged yesterday by Moody’s. Our advice this morning, since yesterday afternoon noon, the parity changes in a range between 4020 and 3950/45. the reversal of 1.40 generated a signal turning shy about 4 hours. Nevertheless, and in 30 mins, parity strengthens, not knowing very well whether it should go up or back down. 3950/45 is the area supports significant downward shift in 3940 and one is bearish for 3920 and 3880.
Continue reading Daily technical analysis of forex market July 13,2011
Concern yesterday about the risk of contagion of debt to other countries of the European Union and the euro falls below 1.39 this morning. Obviously, despite calming façade, they appear as the main countries of the Europe can not agree on the settlement of the crisis. Our advice this morning, as yesterday CDAD are bearish and like yesterday, it must not seek to return to long because the penalty would be immediate. Also, it should accompany the fall. We have spent down the important points of the May 23 rally in 3980/70 and 3880/70 the area, will be our support this morning. On the upside, resistance will be 3950 and above 3970/80. A passage above this point we would spill a little steam. If we can come back to 3920/40 when it will be possible to take points short with stoploss of 3955/65 for downward targets to 3820 if it falls below 3870.
Continue reading Daily technical analysis of forex market July 12,2011
EUR / USD
For today’s the day we might consider opening a new location in buying if the price were to break the rising share of 1.4220, with our first goal at a height of 1.4250 and 1.4280 share our second goal. If on the contrary, the exchange rate should break downward the value of 1.4170, then we could open a sales position in placing the first goal at a height of 1.4150 and 1.4130 share for the second goal.
EUR / GBP
The euro started the week up to the session today we open a long position if the price were to break the rising share of 0.8910, setting the first goal at a height of 0.8920 and 0.8930 share for the second goal. If the price of this break exchange ratio would fall below the share of 0.8860, then we could open a short position by fixing the first goal at a height of 0.8850 and 0.8840 share of the second objective.
Continue reading Daily analysis of the Currency, 11 July 2011
The day yesterday was eventful with good statistics and a U.S. decline of the euro in 4220 for a rebound after Mr. Trichet’s remarks in 4380. Our advice this morning, up or turning on and seems very fragile as this one does not pass 4380. In addition, 30 mins macd is bearish this morning and although it is rather a consolidation, it will be wary. The macd 4h is ready to cruise up but again we have no signal and hence the parity can resume the path of decline especially in 4320. So this morning, he will pay attention to media 4320/30. A passage in these levels is bearish for a return on points yesterday to find the area of media 4280/70.
Continue reading Daily technical analysis of forex market – July 8,2011
Day’s drop yesterday on concerns related to Portugal and parity stopped on 1.43 by the ECB at 13:45. Today is a special day because we should have a higher rate and therefore, it is conceivable that the euro will remain at- above 1.43 before the decision. Our board of the morning, 30 mins macd turned and consolidates parity between 1.43 and 4350 for now. It is quite possible that we pass 4350 this morning to return at least 4380. Also, we will buyer. But we will try to put on the area of 4320/10, as the euro may also stay in a small range of temporary consolidation until 1:45 p.m. ET should avoid getting caught on the extent of resistance or macd 4h it is still bearish.
Continue reading Daily technical analysis analysis of forex market July 7,2011
EUR / USD
Our graphs tell us that for this meeting as we open a new location if the purchase price of this exchange ratio should break the rising share of 1.4465, 1.4480 share placing as the first goal and second goal as part 1.4500. If the price of this exchange ratio would rather break the downward part 1.4260, but then we could open a short position as the first goal setting and how to share 1.4240 1.4220 share of the second goal.
EUR / GBP
For this meeting as we might think of opening a new location in the purchase if the value of the exchange ratio should break to the upside 0.9010 share, setting a first target share and 0.9030 share of 0.9050 as the second goal. If the price of the exchange ratio would fall below 0.8930 share, then we could consider opening a new location for sale, that is short, setting the first goal at a height of 0.8920 and 0.8910 share for the second goal.
Continue reading Daily analysis of the Currency July 7, 2011
Difficult day yesterday because of the close of U.S. markets and the euro this morning is on our media area 4480/70. Normally before the ECB, the euro expected to remain at- over our area for a return to media- above 1.45. But on 30 mins and 4 hours are bearish for now. Our advice this morning, the 4480/70 area is very important and we should stay on it to at least return to 4520 and 4550.
Continue reading Daily technical analysis of forex market