T he last week, we wrote, “we will sell slightly below 0.9220/40 as the daily MACD is bullish with stoploss above 0.9245 for a return of 0.90 with targets 0.9020/40 as” And finally, the USD- CHF for the second straight week failed to 0.9220 and ended the week at 0.9087.
The sharp rise of the Eurodollar has led to declining parity with passage Friday night in 0.91. U.S. statistics mean there have been important. Now, again the future evolution of the parity will depend somewhat on the results and prognostic of the French election.
Continue reading USD-CHF forex analysis for the week of April 23 to 27
The Eurodollar has rebounded sharply yesterday on the area of 1.30 to return on 3120/30, the current area of strength. It seems that despite fears of Spain, has no interest in the euro lower against the dollar and therefore there is an appetite. Our advice in the morning, we expect the German ZEW which is announced in back from the last time. Obviously, this is not a good sign for the increase. But nevertheless, a surprise is always possible.
3080/70 will serve as support for now and the buyers will put their stoploss between 3060 and 50. The goals are a return to the area of 3130/20. After, he will spend these points and 3150 to return to the heights of last week. Failing that sellers will come back under 3150 with stoploss above.
On the downside, a passage in 3070, takes us back to the lows of yesterday and the area of 3030/20. But we should be 1.30 and the area of 2980/70.
Continue reading Technical analysis of forex market April 17,2012
The last week, we wrote “Of course, the more points will be playing as we know, namely the area of resistors 5880/5920 for up to 5980, a point we have already tested in early March. Now, the MACD bullish and strong dailly news may be able to help us progress this week “and as the Eurodollar, we used to go up to 6035 and almost at the highest end of the week at 1.6008.
No figure unfavorable sterling and averaged statistics of the U.S. side have to equal 1.60 and finally to pass maybe we come out on top of the range between 5450/5980 which we had been dealing since earlier this year. We will nevertheless focus that this increase is not just a rumor running on rates English with the meeting of the BOE Thursday, April 5.
Continue reading Technical analysis and forex forecasts GBP-USD for the week of April 2 to 6
The last week has, we wrote “The rest has parity in its ranks began on January 25 with support points on 5680/70 and 5620/30 for 5880 and higher to 5920” and as on the Eurodollar, we consolidated slightly upward to test this weekend high points of 1.59 and finally end the week on 5867.
The good performance of the parity allowed the daily MACD bullish and ironing under these conditions it is hoped that sterling reparte upward to finally emerge from the consolidation that we have known since early this year. Obviously, we have to be careful because this daily signal is currently well under 1.59 wheezing may also be a trap for buyers. Nevertheless, we must follow the trend in daily.
Continue reading Technical analysis and forex forecasts GBP-USD for the week of March 26 to 30
The fear is back yesterday markets with sound bites of some political leaders Greeks. Indeed and in order to curry favor with voters before the general election of April some are ready to statements of the enormities. And President of the Democratic Party has threatened to renegotiate recovery, accepted and signed by him. Obviously, the markets did not like the euro and fell against the dollar. Our advice in the morning on Thursday, the day is often one has a lower or a higher or is reversed and the end of weeks. Will this be the case today? 2980/70 is the support has not crossed downwards if you want to stay in the range 3020/3280 which we were accustomed. 30 mins The MACD is slightly bullish while the 4h and daily are bearish.
Continue reading Technical analysis of forex market Feb 16,2012
Parity has ranked all yesterday with a low of 3080 before rising again during the Asian session in 3180. Many small negative sentences were reduced currency European yesterday but the measures discussed at the Council of Europe has allowed the euro to stabilize. Our advice in the morning, look forward to 10:00, the German unemployment figure. A good result would be bullish for back testing highs on Friday, namely 3220/40. The figure is expected poorer and therefore it is possible for 3180/70 to make resistance to return to 3120/10 or 3080/70 as yesterday.
Your turn these points with stoploss above 3190 for sales in 3080 and since yesterday.
A passage above 3190 should allow the return to parity in 3220/40 and these cases will have to see if it goes to 3250 to move towards 1.35 in the week.
Continue reading Technical analysis of forex market Jan 31,2012
End of the year difficult for parity like the Eurodollar since we are back in the last week of December 2011 1.5380/70, the area of media to rebound and finish at 5545.
It seems that the difficulties of the euro combined with weak growth in Europe catches up Britain is hardly better off than the economies of the continent. In addition, the fact that Brazil is passed to the classification of England industrialized countries and good economic figures U.S. also helped the dollar at the end of the year to enjoy it.
However, we know that it is best not too look back, the year 2011 is over. Starting January 1, traders call the counters. Also, the current weakness of the pound is strerling may be only temporary. Thus, and as we stay in- above the zone of 5380/5420, parity may well go back to 5720 due north, the upper range 1.60 see later.
Continue reading Forex Technical Analysis and Forecast GBP- USD for the week of January 2 to 6,2012
The success of the loan transaction giant BCE to the banks was initially relieved the market and renewed concerns on liquidity. Thus the Eurodollar has suffered and he came back to test 3020 yesterday to switch between this and 3080. Our advice in the morning, not easy at the end of the year to know what parity can do since we have more volatility and less acting on the market. There are rumors that some would see the euro fall below 1.29 by the end of the year. But it seems that he did not want and that we are moving towards a range of consolidation between 3020 and 3120 for now.
Also, your turn these points with 3080/90 which will be our resistance before the middle of 3120 and the area of media again through 3040/3020. The stoploss is quite short and if you pass one of these areas up or down, we aim to increase 3120/80 and 2980/2950 on the downside.
Continue reading Technical analysis of forex market Dec 22,2011
Trebound continues this morning on a parity with the highest of 3145. I must say that the day on Tuesday has brought good news and it has restored morale to the market before Christmas. Our advice in the morning, 30 mins and 4 hours macd bullish and are obviously the daily macd turns a little sign that the downward trend in daily begins to weaken.
So this morning, he should be careful because even though we have no European figure, we have statistics to 10:30 English major.
Also, the area from 3120 to 3140 will act as resistance and as long as one does not pass these points, it will be difficult to go higher.
Continue reading Technical analysis of forex market Dec 21,2011
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.
Continue reading Technical analysis of forex market Nov 25,2011