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
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
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
Trend still very bullish on parity with our points still Friday’s high at 3250/60 which are resistances. Our advice in the morning, rumors indicate sales of central banks over 3260 with a 1.33 barrier option that would defend the area. It is clear that whenever we try to pass these levels upward, parity is sent down.
However be careful, because when the cap will jump, rising to 1.33 and above, may be rapid.
Also, vendors will sell slightly 3250/60 with stoploss above 3270 or 3285. Back on 3220/10 is currently the target. Goal that could allow also the MACD 30 mins to go bearish and perhaps return parity to 1.32 in 3180/70.
By cons, a passage over 3270/80 and especially 3295, send parity on 3320/40. Buyers will reposition to purchase over 3205 and 3180/70, with stoploss above 3195 and 3160/55.
Continue reading Technical analysis of forex market April 30,2012
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
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
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 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
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
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