Last Sunday, we wrote “we remain with 1.70 for buyer as purchase points for 6550/80 and 6620/50. This strategy would be void if the book came back in 6380 “Obviously, we all waited for any shift in the policy of the Bank of England’s rate policy and we have been in our bills since he has not been . Accordingly, after a further up 1.67, we finished in 6380 to 6326 on Friday night.
In daily, we have a wonderful summer with a neck line on 6480 which should bring us back to 6250 when it passes under the current points of 6330/20.
In contrast, a return to 6480 and a failure on this issue could again send us on 6250. On the upside, a passage- over 6480/6520 would be bullish for 1.66/67.
Continue reading Weekly Forex Technical Analysis of the dollar against sterling May 9 to 13,2011
Last week, we wrote, “is sold in 4880 for 4680/50 with purchase of materials for 4880 and may be 1.50. If our strategy to sell in 4880 was good for at least 4680/50, it is certain that we did not anticipate that Mr. Trichet’s remarks after his press conference would push the euro to us on 4310, Friday after being on 4930.
The discontinuation of the rate hike was expected in June and July has caused great confusion among analysts and rumors about a possible exit from Greece to the euro, it significantly weakens the currency. More unemployment to 9% caused a feeling of doubt about the U.S. recovery and he has followed a mini crash in commodities.
So obviously, the daily MACD has undergone down and gave us a bearish signal on Thursday after- noon. But nevertheless, the question is whether this decline will continue or it is after all a movement mood making profits after months of rising?
Continue reading Weekly forex technical analysis EUR- USD May 09 – 13,2011
Last Sunday, we wrote, “As a result, we remain buyers of 6380 and 6250 for 6650/80 and 6720” and the book has gone above 6710 on Friday to finish at these levels.
As one might see on a graph “monthly,” we’re on the resistance in May and November 2009, namely that if we pass these levels then we should go to 1.70, above.
This week we’ll be on the euro, an announcement on rates from the BOE and then again, it should support the pound sterling above the Bank of England is lagging behind and that the ECB it is expected before the summer rate hikes.
Obviously the book is much more volatile than the euro, we can return to 6550 before increasing again and spend 6720. After the road we would be open from 1.70.
Continue reading Weekly Technical Analysis of the dollar against sterling May 2 to 6, 2011
Mr. Bernanke’s conference on Wednesday, has boosted the parity after 4880 crossing 4650 and since then we have traced these levels to finish our week by making a profit on 4804.
We will begin this week with a still very bullish trend and logic suggests that the euro reached its goal of psychological 1.50.
This week will mark the first Monday in London will be closed and no doubt still a quiet morning. Then this week we will be meeting Thursday that the ECB should maintain parity but normally we would go to- beyond 4880. Finally, we will finish the week by the NFP.
Indeed, we think the price should consolidate this week before Thursday. It should not be any surprise on rates but as usual the conference Mr. Trichet will be eagerly awaited. In addition, analysts think another rate hike before the summer (June or July) which obviously will support the euro.
Continue reading Weekly technical analysis EUR-USD forex market 02-06 April,2011
Last Sunday, we wrote, “We buy up to 680/6420 and 6250 may 1.65/66 being “and the book went on at the highest finish for 6550 to 6508.As the Euro- dollar, it will have to be wary of the Fed this week, Wednesday and Mr. Bernanke’s speech ( See article on the EDF ). But here too the trend is very bullish and we are left only way to go is to get back on our strengths in May and November 2009 ie 6720.
Also, we will keep such goals in mind before Wednesday because even if the pound sterling may withdraw 6380 or even 6250, we should reach such a point before a building is not put in place.
Continue reading weekly technical analysis of GBP- USD April 25-29
Last week we had some surprises with the degradation by Standard and Poor’s financial rating of the U.S. and at the same time rumors reached on a possible restructuring of the debt of Greece to the favor of Easter wk. So obviously, the euro was first tested 4250 for giving us a higher later on 4620 and finish the week at 4568.
This week begins with Easter Monday is a holiday that in many countries and therefore the market is sluggish and therefore will not need to waste his time before his charts.
The major event of the week will be the Fed meeting Wednesday on U.S. rates. The press conference of Mr. Bernanke will be followed especially after the very degradation of the U.S. who can tell others, and especially because Europe has increased its own.
Continue reading weekly technical analysis of EUR- USD April 25-29
Last week we were quite optimistic go above 1.45 to 1.47 and we wrote “On the downside, the rash can sell with stoploss 4520/40 4560/40 on a return to 4320. But- above 4580, it will not be too obstinate. “What we ultimately also served as we could make sales for 4380 and redeem these levels to finish the week at 4429.
On a graph you can see clearly 4h range this week between 4520 and 4380 and as in any consolidation between two points in a passage- above or below one of these points should give us the future trend.
The daily MACD is still bullish and for now, we remain buyers on gender as we stay in- above 4370. After and below this level then back to 1.40 could emerge. But no clear signal, do not look for bearish view but rather points to break down the highest and that is what we’ll continue to do this week.
Continue reading weekly analysis of EUR USD for the week of April 18 to 22
Week of consolidation on the pound sterling with a drop from the highest of 6330 to 5980 come bouncing on Friday morning and end the week on 6080.
Many traders had expected last week in a speech more muscular from the Bank of England following in the ECB and opening the door to a possible rate hike. It did not happen and disappointment prevailed by the pound to lose all its gains against the dollar.
Like the euro, we will still pay attention to the Fed (March 15) and the ad rates that can support the cable on the rise. We expect no change from the Fed, but nevertheless, the event is important.
The daily MACD is bearish for the moment that tells us we have to start trouble- above 6330. Nevertheless, and as we stay in- above 5980, parity may consolidate in a range with the highest.
Continue reading Forex Technical Analysis of the dollar against sterling 14 to 18 March
EURUSD – Short-term objectives at the bottom, it seems that from the very beginning of the week will start to go down. After a week of strong absorption, the last week showed rather moderate decrease, the strength to go down will dominate this week.
GBPUSD – All the same, as the euro. Pound will decline
USDJPY – Buy after correction breakdown 86.36
USDCAD – Buy on signals
AUDUSD – Selling, good levels of sales
GBPJPY – In the short term, definitely buy it. For the day doji with a hammer.