T he last week, we wrote “The daily macd could turn upward if the parity was ironed-in above 5780, but it did not take. However, even if the daily macd is still bearish, it seems that we remain in consolidation between 5420 and 5780 taking into au- above 5370 “and we have arranged between 5580 and 5730 to finish at 5666 on Friday night.
The daily MACD is in a consolidation and as the euro, it will have to wait to pass a range of points between 5720/80 and 5550 to find a new trend.
Although the daily MACD is bullish, it is quite fragile and a return in 5580/70 could be the trigger down for a return of 1.55 and 5420.
Instead a passage above 5720/80 could have us return to 1.60.
Continue reading Forex Technical Analysis and Forecast GBP- USD for the week of December 12 to 16
Last week we focused on a range of 1.3500- 1.4000 for the EUR / USD. Parity is actually rising to 1.3799 1.4247, driven by the decisions taken at the meeting of the EU summit. The euro area will Does they enjoy a respite from the many attacks it endured? We expect a stabilization in- above the 1.4000 mark for this season and for the coming week the channel of 1.39- 1.43 is the one we recommend.
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 day happened yesterday while consolidation and range between 4010 and 4080. Today, volatility should bounce back with the ECB at 13:45 and then Mr.Trichet and his press conference at 14:30. But what the market will wait most is the speech this afternoon, afternoon of Obama and measures to support the economy. Our board of the morning, 30 mins macd went bullish. It is still fragile but if you passes above 4095 then rise to a timid 4120/50 is quite possible this morning. The 4am is also bullish but again, it will move 4095. Thus, we find now, sellers in 4080 with stoploss of 4095. Nevertheless, and if one fails to pass these levels on the rise, we should return to the bottom of yesterday in 4020/10. We buy these levels for 4080 and 4120/50. In 4020/10, only the area of media 3980/70 may take a larger decline to 3840.
Continue reading Daily technical analysis of forex market sept 09,2011
The EUR / USD has remained in the next channel since last Monday: 1.4226- 1.4518. Fluctuations have been many new and most important was the maintenance by Fitch triple AAA rating of the United States.
Continue reading Daiy technical analysis of forex market 22 aug 2011
The markets expected yesterday to be particularly shaken after the degradation of E-Note U. But it is Europe that has done so with the news that the ECB in urgently buy debt to reassure the markets and the euro after falling in 4150 rose again this morning at 4270. Our advice in the morning, 4270/80 will be our strength with a bullish macd 30 mins. A passage above 4280/95 should return parity on the high points of yesterday 4320/50 and 4380. The rash will sell points of resistance to current 4250 and 4220 with stoploss of 4295 for at- above, the movement should be quick to 4320. Since the 30 mins and 4 hours are bullish this morning, we will stay slightly to the purchase, but a failure in 4270/80 and in 4295 we could claim as a fall yesterday morning.
The suspense lasted until the last moment last week with the negotiations on the U.S. debt ceiling. But as expected, a compromise that would solve one was found and everyone is relieved. On the other side of the Atlantic, Europe, the debt problems accelerating and Italy seems to be in the spotlight brings a lot of concerns after Spain. This weekend, European leaders have been forced to reassure the markets but bad news weighed heavily on the euro and after a low of 4050, the euro ended the week in 4280 after the announcement of no S & P degradation of E-Note U.
For the coming week, the daily MACD is bearish. But as you saw, we are still in a range between 1.40 and 1.45, with intermediate points (4380/4150) to play up and down. This week, we should continue to play the same point unless the European runaway crisis and the euro will suffer greatly from then under 1.40.
Continue reading Technical analysis forex dollar against the Euro 8 to 12 August
Last week we proposed three scenarios and that is slightly bullish consolidation that has prevailed with the lower area 6220 and a high of 6420/40. This week, we must look at the impact of the degradation of E- U Standar & Poor’s on the dollar and see if the book does not benefit to go back to 1.67, the highest of 29 April.
The daily MACD is still bullish and a move to- above 6420/40 should logically lead to parity and 1.65- top of 1.67. Also will require attention to inflation figure of Columbia on August 10 it appears that bad could push markets to speculate on a future rate increase English and then push the pound higher.
However, with economic data to see how poor English and U.S. figures more nuanced, the status quo can continue and parity remain in the current range.
Continue reading Technical analysis forex dollar against the pound sterling 8 to 12 August
EUR / USD
The euro has recovered a lot since the last difficulty, for the session today we might consider opening a long position if the price were to rise further and break the upward threshold of 1.4530, 1.4550 part by setting a goal and first as the second 1.4570 share goal. If the price were to go down to 1.4450 share of break, then we could open a short position with the first goal and second goal 1.4430 1.4410.
EUR / GBP
For purposes of this exchange ratio, after the big climb of the euro, for the session today we take into considezione opening a new location if the purchase price of this exchange ratio should break the rising share of 0.8880, setting first goal as a share of 0.8890 and 0.8900 share of the second goal. If the price of this exchange ratio should break downward share of 0.8855, then we could open a new short position as the first goal setting and how to share 0.8840 0.8830 share of the second goal.
Continue reading Analysis of the Currency 26 July, 2011
The euro has strengthened the Asian session earlier this week between 1.44 and 4340. Moody’s also downgraded the financial rating of Greece and on the other handm negotiations between Republicans and Democrats have so far not accomplished. Therefore, we should watch a game of ping pong between the dollar and the euro this week and until 2 August. Our board of the morning, 30 mins is bearish this morning while it was still 4 hours Bull. However a return to 4320 could see a downside risk on the 4h.
And as for now, we have to be careful on the rise over the area of media Friday night that is 4340/30. A rebound in these levels is possible to go back at least 4380. But in 4320, then parity could go much lower and back test 4280/70, see 4250. On the upside, it should go back to 4380/90 to test the high point of the night at 1.44 and go back to 4405 on the high points of last Friday. Finally, we remain vendor on parity as the bear is 30 mins. We try to buy from 4340/30 but with stoploss in 4320. A shift to lower 4320/10 should amplify the downward trend.
Continue reading Daily technical analysis of forex market July 25,2011