Every day the markets are more complex, more international, and more liquid, with more people and robots operating in them. All this causes the current markets are difficult to understand and above all be changing, but people, mass and change their ways in a much slower than the market .
Some time ago, and from this assertion I thought the best way to trade the market would be understood as possible to people, if I could this would be able to understand the market for a longer period than any indicator. Today I want to show an example of how to understand people to understand the market, do not say that this is the absolute truth, but help me a lot to understand the functioning of the market.
I have spoken ever volume and how to interpret it along with the price to find out how people move, today I want to go a step further and talk about how to create a support or resistance. Continue reading Understanding people to understand the market
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
During the trading session in New York, which closed the week, the price of crude oil was found to be declining, reaching below $ 100 a barrel. More precisely, the value of oil has fallen by 4.05%, closing the week at $ 98.49 a barrel, the lowest price for 3 months now. It was, in fact, since last February 7 that oil did not reach these levels. The data is very important considering the fact that the U.S. is the largest economy in the world and the world’s largest consumer of oil.
Continue reading Crude oil prices declined in New York
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
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
EUR / USD
For the session today we may consider the opening of a long position in the case where the value of this exchange ratio should rise again until break upward the proportion of 1.3210, placing the first target at an altitude of 1.3230 and the second lens 1.3260 share. If the price falls to the bottom to break up the share of 1.3180, then we could open a short position with the first target 1.3160 and 1.3140 second goal.
Continue reading Analysis of the Currency April 23, 2012
Europe opens the week on a decline of parity on the area supports 3180/70. The renewed anxiety about Spain for fear that it can meet its budget commitments. Similarly, the uncertainty of the French presidential weighs about 10-year rate of France that increase. Our advice in the morning, if the end of last week could bring hope to the buyers in the near ending of 3250. It seems that it was given a further opportunity for sellers to be able to place higher.
3180/70 is the area of Media with 3150. The buyers are there but with a bearish MACD 30 mins, we’re not sure it takes and therefore only brave attempt to increase with the return objectives of 322040. However, any increase should end before 3250.
Continue reading Technical analysis of forex market April 23, 2012
The behavior of the parity is still as strange by his good held since early this week and we are consolidating in a range close between 3080/70 and 3150. Important news at 10:30 with a Spanish bond issue that will retain the attention of financial markets. Our advice in the morning, 3150 will be our strength intermediate between a return to 3080/70 and up to 3220/40. The bear is 30 mins but it is only a consolidation as can be seen on the graph. The 4am is bullish, but again there too, it was not until the consolidation is expected and 10:30.
Normally, the requirement should be taken out without problems, and relieve the euro, perhaps allowing him to return 3150 test and why not spend this point for 3180.
Continue reading Technical analysis of forex market April 19,2012
Many traders believe the market is looking for stop loss. The stop loss is very important for a broker, because one should always protect their orders and how it operates. In considering how and when to set a stop loss, we must consider market liquidity, which is regarded as the capacity of an asset to be sold without causing a significant movement in price and with minimum loss of value.
Market players who carry large orders are not able to negotiate as small retailers.
When you open a position that happens the price can easily move against the weather, which does have an imbalance in supply and demand. The stop loss is to prevent that there is excessive loss of money from a reverse movement of currencies than our forecast.
Continue reading The importance of stop losses in Forex
The Eurodollar is above 1.31 since yesterday. This is somewhat surprising,
but the success of the Spanish auction yesterday reassured the markets. Our advice in the morning, we will resume the same points yesterday, namely, the area of 3105/10, as purchasing through area with stoploss below 3105 3095 to 3150 for a return on the intermediate resistance. Above this point, the trend remains bullish for 3180/70 and below, the sellers take back the advantage.
Continue reading Technical analysis of forex market April 18,2012