The last 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
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
The last week has, we wrote ‘A return above 5980 and more 6020/30 would allow the daily MACD bullish cross back and thus reverse the trend “and after several attempts to go under 5880/70, parity flew through good English figures from unemployment to 1.60 and then 1.61 to finish the week on 6120.
The weeks to come will be marked by the monthly meeting of the Fed on Wednesday night and the press conference of Mr. Bernanke. Until then, the price should consolidate remaining in an uptrend. Later, the U.S. announced an increase GDP is expected to submit the pound sterling at high pressure.
Continue reading Technical analysis and forex forecasts GBP-USD for the week of April 23 to 27
EUR / USD
For today’s session of this cross currency we might consider opening a new long position, ie in the purchase if the price were to rise to break the resistance level at 1.3370 share, setting as its first objective the achievement of the share and 1.3350 the second target at an altitude of 1.3370. If the price falls to the bottom to break up the value of 1.3270, then we could open a short position as being obsessed with achieving the first goal of the share of 1.3250 and the second goal as the achievement of 1.3230.
Continue reading Analysis of the Currency 28 March 2012
The last week has, we wrote ‘attention as 5880 may also be a resistance that can dam and then we would have a double top in daily would remind us first on the support area of 5720 then that of 5680/70 “and finally the parity after 5920 test set out again down this weekend to return and finish under 1.58 at the close of Friday night in 5752.
The Greek crisis has weighed on the pound sterling and the dollar took the opportunity to win the prize back in 1.58. However and again, all eyes are fixed on Athens and the Greek parliament. A favorable vote Sunday night could allow parity to resume its march forward and try to return to 5920 may be 1.60. Nevertheless, and as the Eurodollar, we will be careful not to let ourselves be taken by a trap on the highest buyer of 5880/5920.
Continue reading Technical analysis and forex forecasts GBP-USD for the week of February 13 to 17
EUR / USD
Top critic for the euro, with the failure of Greece closer. For the day today we might consider opening a long position if the price were to break the rising share of 1.3125, with the first objective the achievement of the share of 1.3140 and the second goal to achieve the share of 1.3150. If the price were to fall even below the level of 1.3050, then we could open a short position with the first goal at a height of 1.3030 and 1.3020 share for the second goal.
Continue reading Currency Analysis of February 6, 2012
The last week, we wrote “Graphically, the daily MACD is still bullish and a – is, we remain in the current range, in which case it agrees to sell 5720/80 to 5420/5380, 2 – or buy above 5680/70 to 5980/6020 “and finally the parity has to go past 5720 and finish 5880 at the close of Friday night in 5807.
Since November 2011, parity had found a good resistance in 5720/30 and at the same time, buyers had continued to break the back of these levels to finally let out to vendors and start on 5420/5380 .
This seems to be finished since we managed to get past resistance and to a higher on 5880.
Continue reading Technical analysis and forex forecasts GBP-USD for the week of February 6 to 10
EUR / USD
For today’s session with respect to this cross currency we open a new long position if the price of this share exchange ratio should break the rising share of 1.3250, 1.3270 fixing the first lens and the second target 1.3290. Instead we might consider opening a short position if the price of this share exchange ratio would continue to fall to fall below 1.3080 share, setting the first goal at a height of 1.3060 and 1.3040 share for the second goal.
EUR / GBP
Looking at our charts, we can see that the session today, we could open a new long position if the price were to break the 0.8405 upside, placing our first goal at a height of 0.8420 and 0.8440 share our second goal. If the price of this share exchange ratio should break down the proportion of 0.8355, then we could open a new short position by setting a first target 0.8340 and 0.8320 share as a second goal.
Continue reading Analysis of the Currency January 31, 2012
EUR / USD
From our graphs show that for today’s session we will consider opening a long position if the price breaks upward the share of 1.3220, setting a first target of 1.3240, and the share as a second objective, the share of 1.3260. If the price of this share exchange ratio would reach downward to break 1.3090, then we could consider opening a short position with the first goal at a height of 1.3070 and 1.3060 share for the second goal.
Continue reading Analysis of the Currency January 30, 2012
last week, we wrote “Nevertheless, and if the beginning of the week, we may stay in limbo, the area of 5420/5380 will act as intermediate supports. And as long as we remain above these levels, we are buyer for 5680/5720 and 1.60 for the first quarter of 2012 “and finally the parity has listened to return to 5720 and finish at the end of Friday night in 5727.
The pound has taken the bull by the horns this week coming out of the lowlands where it had stuck to return to the range that we identified between 5420 and 5720. At the same time and crossed the line of bearish, she meant that “for now”, the fall was over.
Continue reading Forex Technical Analysis and Forecast GBP-USD for the week of Jan 29 to Feb 30