The currency pair euro-dollar, EUR / USD continues to move in an irregular manner, since there are many traders who are still eager to buy the euro, despite rumors that there are on the market, discussing the economic crisis and of a possible bailout of several EU countries in the area, as well as a hypothetical class division between the states.
The latest warning from Moody’s, which has warned of the possible downgrade than 87 European banks and S & P, which stated that it could decide to cut its rating of France and give it a negative outlook, have the minor effects on the currency pair, which has fallen to around the minimum value of 1.3285, before settling back above 1.3300 share.
Continue reading EUR / USD could rise
EUR / USD
Long route in the early weeks of the euro against the dollar, for the day today we might consider opening a long position if the value of this exchange ratio would rise again to break up the share of the upside 1.4160, placing the first goal at a height of 1.4180 and 1.4200 share for the second goal. If the price should drop again to break the downward 1.3970 share, then we could open a short position with the first target 1.3950 and 1.3930 second goal.
EUR / GBP
For the trading day today we might consider opening a new long position if the price of this share exchange ratio should break the rising share of 0.8770, with the primary objective and as a proportion 0.8790 0.8810 share of the second goal. If the price falls to 0.8750 to break the downward portion, we could open a short position as the first goal setting and how to share 0.8730 0.8710 share of the second goal.
Continue reading Analysis of the Currency October 31, 2011
Discussions continued yesterday in Brussels and parity remained in the range between 3820 and 3940. Normally, the market should remain stable until tomorrow days of the submission of a plan to end the Crisis. Our board of the morning to the moment we will keep the same reference as yesterday, namely, sell the high points of 1.39/3920/40 with stoploss in 3955/60 to 3880/50/20 and we buys the same points with stoploss of 3795. In terms of technical indicators, MACD is bearish 30 mins this morning as yesterday which refers parity under 1.39.
Continue reading Technical analysis of forex market Oct 25,2011
The cold shower on parity this morning after yesterday about the German finance minister. Indeed, Moody’s warns of risk of deterioration in the financial score of France if the financial situation the country had deteriorated a bit more. The European currency yesterday after the fall, spread over the lower this morning at 1.37. Our board of the morning, it’s not worth picking up a falling stone, and also for the moment with a macd 30 mins bearish, no purchase. Obviously, we expect the German ZEW and usually the price should consolidate, store, but we are on the edge with a passage under 1.37.
However, the rash will position themselves to buy-in above 1.37 with 3680/70 as online media and stoploss in- below 3660/55. The objectives could be on 3750/80.
Continue reading Technical analysis of forex market Oct 18,2011
EUR / USD
The euro started the week end of September, losing ground against the U.S. dollar, the trading session today we might consider opening a location in the purchase if the value of the exchange rate should break the upward threshold of 1.3545, setting first goal as a share of 1.3570 and 1.3590 share of the second goal. If the price of this relationship should break downward the value of 1.3345 could open a short position with the first goal and second goal 1.3330 1.3320.
EUR / GBP
For today’s the day we might consider opening a position if the purchase price exceeds the share of the upside 0.8750, with the primary objective to 0.8760 share and 0.8770 share for the second goal. If the exchange ratio of 0.8630 share should break downward, we could open a position in sales as the first goal setting and how to share 0.8620 0.8610 share of the second goal.
Continue reading Analysis of the Currency September 26, 2011
A fundamental analyst is not limited to those movements that relate to a certain investment of him, but would such a general overview to say about the events, past, present, and future, get to make the area the most profitable investment opportunity identified to. Within the fundamental analysis, the analyst so busy with all the information available to him, but focuses within this wealth of information on key factors, which may attract a development within the financial movements after themselves.
The most important factors for the fundamental analysts are therefore supply and demand, the political and the economic environment. Is such a product over which wants the analyst as much to find out as possible, of course, supply and demand are to shed light particularly. After all, the demand will exceed supply, the price will rise and vice versa. At a certain currency, is the most fundamental analyst to supply and demand, the nature of corporate governance in each country and focus on the general government. Furthermore, the plots of land for the local courses are also crucial. Want the analyst simply illuminate a short period of time can, in some cases even the economic indicators of the country are sufficient for analysis.
Continue reading The Fundamental Analysis As A Forex Strategy
The European Central Bank has taken note of the decision by the SNB to defend the support of the cross 1.2000 EUR / CHF, while warning against the character unilateral initiative. The intervention of the SNB on the cross has boosted the EUR / USD from 1.4050 to 1.4278, before it gradually corrected to 1.3972. This intervention has allowed many investors to sell equity in a difficult situation for the euro area. It will now be the responsibility of the SNB to shoulder the consequences of his action (our short position of 1.4500 was closed under 1.4000). We play the channel of 1.3950- 1.4150 for the next 24 hours.
The trend lines are the most powerful technical analysis tools that can be used. They allow you to assess trends and their direction, to identify potential reversal levels and to evaluate where to enter the market with a low risk and high yield. It ‘so important to understand how to use forex trend lines.
These lines are basically a level of support or resistance. There is talk of dynamic lines, unlike the static, advancing and change with time. The trend line can thus be a trend upward or downward.
There are two ways to use trend lines in their trading. The first is to consider that the trend lines are a support or resistance, which is a psychological barrier that the price does not break easily. Traders expect the price touches one of these lines and to begin a reversal.
Continue reading How to use the lines of trading
Markets look up. Technically, a lot of signals to buy. The only thing that can spoil the picture – the news. I believe that no technical default in the U.S. there will be no debt ceiling will be raised again, but some negative comments can have a positive impact on the dollar, and what is risk reduction in the stock market, and reduce the risk of high-yielding currencies with the euro.
EURUSD – All very good looks to buy, now the time when you should go to Long with short stops on all signals
GBPUSD – It looks good and the pound, you should buy
USDJPY – should still wait a bit, the pair is trading near historical lows, it is difficult to predict whether the sample Continue reading Forex forecast for the week. August 1 – August 5
What is the confluence of Fibonacci? Forex currencies often move in a measured way. A strong and sustained move towards a certain direction, in general, covers a percentage of its movement before we can continue to see an even higher.
Forex traders use the Fibonacci tool to trace and delineate these movements. The reports include those that are more common at an altitude of 23.6%, 38.2% and 61.8%. The level at an altitude of 50% is also very common, since it is the halfway point of a given movement, but does not fall within the levels of the Fibonacci sequence.
Traders then use these levels to predict groped for the extension of a pullback.
There is also talk of detente and Fibonacci tools that are very popular and are used when a given currency pair moves beyond the level of 100% of the previous wave. The main points are Fibonacci extension 1.618 and 1.272.
Continue reading What is the confluence of Fibonacci?