According to the most accurate forecasts in terms of trends in forex currencies, the euro would lose ground in the coming weeks because of budget cuts from Spain and the resurgence of the debt crisis, which could drag the region into a new phase of European of recession.
The ‘economy is in front of the downside risks, including increased financial costs Spaniards and Italians. The president said the European Central Bank, Mario Draghi. The benefits that have been linked to loans from local banks and the ECB who have helped to push yields down, they are already fading and the region is facing a recession, while the U.S. is expanding at a pace rapidly in the last two years.
Continue reading The forecasts for the euro are positive
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 currencies which tend to have a certain trend during a certain period of time, which can be watched on any forex chart. The goal of any trader is to be able to understand these trends can transform them into profits. Doing it in real time requires just learn the right level of education in the forex currency market and be able to learn all the technical tools to be successful. There are essentially three distinct trends, which occur in 3 different times:
- the longer-term trend, which are the trends that reflect the underlying health of the country represented by a certain currency. These trends reflect the trends of the last few months or even years of the last . Continue reading The best timeframe to make forex
EUR / USD
The euro falls against the dollar for the day today we could open a long position if the price should break the rising share of 1.3910, with the first goal to achieve an altitude of 1.3930 seconds and 1.3950 share of goal achievement. If the price of this share exchange ratio should break to the downside, the share of 1.3720, then we could open a new short position with the first goal at a height of 1.3710 and 1.3700 share for the second goal.
EUR / GBP
For the day today we might consider opening a long position if the price of this share exchange ratio should break the 0.8790 upside share, setting a first target as the second goal and share 0.8810 0.8830 share. If on the contrary the price of this exchange ratio exceeds 0.8680 share down, then we could open a short position as the first goal setting and how to share 0.8660 0.8640 share of the second goal.
Continue reading Analysis of the Currency October 18, 2011
The first shock was the day on Friday, the markets confirm the bearish mood. It is hoped to continue to decline and sell on pullbacks, possibly, to breakdowns in the establishment of new local minima.
EURUSD – When the market drops, you need to do one thing – sell. The right thing to sell on a pullback, you can also try to go to the pulses at the sample database
GBPUSD – Since the beginning of the week pound more volatile, but also ready to fall. More POP and harder to put a stop to at least that’s what is happening now. Draw conclusions
Continue reading Forex forecast for the week. October 3 – October 7. Focus: Continued decline
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 channel of a chart of currency takes its name from the particularity of the price movements that occur in a particular channel.
The channel model is used to analyze the price action in relation to the shape of the channel. The channel model helps in predicting short term price action, since it is one of the most powerful and consistent models used in trading.
A channel model consists of two trends that are tracked in parallel with each other. The line of the highest channel model serves as a resistance line, while the bottom line is regarded as the support line.
Continue reading Use channels to make forex
Concerns about the global growth in the euro area have shaken our currency yesterday, pushing it below $ 1.43 a share. ‘S interest rate hike in China, U.S. economic data and the consequences of a downgrade in the rating for Portugal, have prompted investors to sell the euro and the U.S. dollar PURCHASE, along with the classic safe currency , the Japanese yen and Swiss franc.
There are different problems to make sure that the market has a low sentiment, according to experts. In the longer term, concerns about the debt in the euro area will continue to plague and weigh on the currency.
Continue reading The euro is in free fall, weighs the fear of contagion
EUR / USD:
Our currency falls against the dollar, for the day today we might consider opening a long position if the value of the exchange ratio would exceed the value of 1.4490 upward, putting the first goal at a height of 1.4500 and the second goal 1.4510 share. If the price were to break the downward portion of 1.4420, then we could open a new short position by placing the first goal at a height of 1.4400 and placing the second target at an altitude of 1.4390.
EUR / GBP:
For today’s the day we open a position in which the purchase if the value of this exchange ratio should break the rising share of 0.9060, with our first goal at a height of 0.9080 and the second goal to reach an altitude of 0.9100. If instead the value of this exchange ratio should break downward 0.9015, then we could open a new short position as the first goal by setting the share of 0.9000 second goal and as the proportion of 0.8990.
Continue reading Analysis of the Currency July 5, 2011
EUR / USD
For the day of the Forex currency cross today with regard to this we can consider opening a new long if the price were to break the rising share of 1.4565, setting the first goal at a height of 1.4580 and 1.4590 share for the second goal. If the price falls could open a short position when the downward portion exceeds 1.4525, placing the first goal and second goal 1.4510 1.4500.
EUR / GBP
For today’s session with respect to this cross we could open a new short position if the price were to break upward 0.9065 share, as our first goal by setting the share of 0.9080 and 0.9090 share for the second goal. If the price should fall and break to a height of 0.8990, we could open a short position by setting the first goal as a share of 0.8960 and 0.8950 share of the second objective.
USD / JPY
For today’s session we might consider a position if the purchase price of this exchange ratio should break the rising share of 80.90, setting the first target at an altitude of 80.70 and 80.50 seconds at an altitude goal. Should the price go down instead of downward to break the share of 80.40, we could open a short position by setting the first target at an altitude of 80.30 and 80.20 seconds at an altitude goal.
GBP / USD
For today’s session we might consider opening a long position if the value of the exchange ratio of 1.6150 share of the upside should break, setting the first goal at a height of 1.6160 and 1.6180 share for the second goal. If the price of this exchange ratio should break to the downside 1.6050 share, then we could open a short position as the first goal setting and how to share 1.6030 1.6010 share of the second goal.