Overview:
The euro is still observing a buy signal with target level 1.3764, the target level is reached, the correction has begun, which was indicated by the reverse of the MACD to the downside. The formed buy signal is strong and confirmed, since the Chinkou Span fixated above the price graph and the price is above the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.3888 – the first resistance level. If this level is passed the second target will be the second resistance level at 1.4020. Upside movement remains while the price is above the Kijun-sen (1.3685), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuation of the upside movement, the lines are narrowing and directed up, which also indicates a correction. The MACD is descending, which indicates current correction movement, therefore long positions should be resumed after the reverse of the MACD to the upside.
Trading recommendations:
Currently it is recommended to trade up with target at 1.38/8 and further to 1.4020. Stop Loss should be placed below 1.3685. Long positions should be resumed after the reverse of the MACD to the upside.
http://instaforex.com/forex_analysis/24013/?x=OUE
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Monday, February 28, 2011
Friday, February 25, 2011
The EUR/USD technical analysis and trading recommendations for February 25, 2011
Overview:
The euro is still observing a buy signal with target level 1.3764, the target level is reached, there are no signs of correction, the MACD is still ascending. The formed buy signal is strong and confirmed, since the Chinkou Span fixated above the price graph and the price is above the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.3898 – the second resistance level. If this level is passed the second target will be the third resistance level at 1.4082. Upside movement remains while the price is above the Kijun-sen (1.3685), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuation of the upside movement, the lines are diverging and directed up. The MACD is ascending, which indicates current upside movement, if the indicator reverses down it will denote the beginning of a correction.
Trading recommendations:
Currently it is recommended to trade up with target at 1.3898 and further to 1.4082. Stop Loss should be placed below 1.3685. If the MACD reverses down it is recommended to cut long positions manually.
http://instaforex.com/forex_analysis/23901/?x=OUE
The euro is still observing a buy signal with target level 1.3764, the target level is reached, there are no signs of correction, the MACD is still ascending. The formed buy signal is strong and confirmed, since the Chinkou Span fixated above the price graph and the price is above the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.3898 – the second resistance level. If this level is passed the second target will be the third resistance level at 1.4082. Upside movement remains while the price is above the Kijun-sen (1.3685), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuation of the upside movement, the lines are diverging and directed up. The MACD is ascending, which indicates current upside movement, if the indicator reverses down it will denote the beginning of a correction.
Trading recommendations:
Currently it is recommended to trade up with target at 1.3898 and further to 1.4082. Stop Loss should be placed below 1.3685. If the MACD reverses down it is recommended to cut long positions manually.
http://instaforex.com/forex_analysis/23901/?x=OUE
Thursday, February 24, 2011
The EUR/USD technical analysis and trading recommendations for February 24, 2011
Overview:
The euro is still observing a buy signal with target level 1.3764, the target level is reached and now a beginning of a correction is possible. The formed buy signal is strong and confirmed, since the Chinkou Span fixated above the price graph and the price is above the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.3795 – the first resistance level that was reached by the price, but not passed. If this level is passed the second target will be the second resistance level at 1.3898. Upside movement remains while the price is above the Kijun-sen (1.3655), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuation of the upside movement, the lines are diverging and directed up. The MACD is ascending, which indicates current upside movement, if the indicator reverses down it will denote the beginning of a correction.
Trading recommendations:
Currently it is recommended to trade up with target at 1.3795 and further to 1.3898. Stop Loss should be placed below 1.3655. If the MACD reverses down it is recommended to cut long positions manually.
http://instaforex.com/forex_analysis/23825/?x=OUE
The euro is still observing a buy signal with target level 1.3764, the target level is reached and now a beginning of a correction is possible. The formed buy signal is strong and confirmed, since the Chinkou Span fixated above the price graph and the price is above the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.3795 – the first resistance level that was reached by the price, but not passed. If this level is passed the second target will be the second resistance level at 1.3898. Upside movement remains while the price is above the Kijun-sen (1.3655), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuation of the upside movement, the lines are diverging and directed up. The MACD is ascending, which indicates current upside movement, if the indicator reverses down it will denote the beginning of a correction.
Trading recommendations:
Currently it is recommended to trade up with target at 1.3795 and further to 1.3898. Stop Loss should be placed below 1.3655. If the MACD reverses down it is recommended to cut long positions manually.
http://instaforex.com/forex_analysis/23825/?x=OUE
Wednesday, February 23, 2011
The EUR/USD technical analysis and trading recommendations for February 23, 2011
Overview:
The euro is still observing a buy signal with target level 1.3764 and the signal strengthened again! The price suddenly reversed and fixated above the Kijun-sen and the Ichimoku Cloud. The formed buy signal is strong and confirmed, since the Chinkou Span fixated above the price graph and the price is above the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.3795 – the first resistance level. If this level is passed the second target will be the second resistance level at 1.3898. Upside movement remains while the price is above the Kijun-sen (1.3625), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuation of the upside movement, the lines are diverging and directed up. The MACD is ascending, which indicates current upside movement, if the indicator reverses down it will denote the beginning of a correction.
Trading recommendations:
Currently it is recommended to trade up with target at 1.3795 and further to 1.3898. Stop Loss should be placed below 1.3625. If the MACD reverses down it is recommended to cut long positions manually.
http://instaforex.com/forex_analysis/23745/?x=OUE
The euro is still observing a buy signal with target level 1.3764 and the signal strengthened again! The price suddenly reversed and fixated above the Kijun-sen and the Ichimoku Cloud. The formed buy signal is strong and confirmed, since the Chinkou Span fixated above the price graph and the price is above the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.3795 – the first resistance level. If this level is passed the second target will be the second resistance level at 1.3898. Upside movement remains while the price is above the Kijun-sen (1.3625), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuation of the upside movement, the lines are diverging and directed up. The MACD is ascending, which indicates current upside movement, if the indicator reverses down it will denote the beginning of a correction.
Trading recommendations:
Currently it is recommended to trade up with target at 1.3795 and further to 1.3898. Stop Loss should be placed below 1.3625. If the MACD reverses down it is recommended to cut long positions manually.
http://instaforex.com/forex_analysis/23745/?x=OUE
Tuesday, February 22, 2011
The market manipulations analysis of the EUR/USD by Alexey Portnov for February 22, 2011
After a predicted advance the price corrected to the previous support levels. At the moment the euro is testing the support area 1.3540-60, where it is supposed to start going up. If the support zone is passed, further decline should be expected; yet I expect the 1.3630 level to be reached.
http://instaforex.com/forex_analysis/23617/?x=OUE
http://instaforex.com/forex_analysis/23617/?x=OUE
Monday, February 21, 2011
The EUR/USD technical analysis and trading recommendations for February 21, 2011
Overview:
The euro is observing a buy signal with target level 1.3764, the Ichimoku cloud was successfully passed, which strengthened the current signal. The formed buy signal is strong and confirmed, since the Chinkou Span fixated above the price graph and the price is above the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.3786 – the second resistance level. If this level is passed the second target will be the third resistance level at 1.3926. Upside movement remains while the price is above the Kijun-sen (1.3590), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuation of the upside movement, the lines are diverging and directed up. The MACD is ascending, which indicates current upside movement, if the indicator reverses down it will denote the beginning of a correction.
Trading recommendations:
Currently it is recommended to trade up with target at 1.3786 and further to 1.3926. Stop Loss should be placed below 1.3590. If the MACD reverses down it is recommended to cut long positions manually.
http://instaforex.com/forex_analysis/23583/?x=OUE
The euro is observing a buy signal with target level 1.3764, the Ichimoku cloud was successfully passed, which strengthened the current signal. The formed buy signal is strong and confirmed, since the Chinkou Span fixated above the price graph and the price is above the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.3786 – the second resistance level. If this level is passed the second target will be the third resistance level at 1.3926. Upside movement remains while the price is above the Kijun-sen (1.3590), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuation of the upside movement, the lines are diverging and directed up. The MACD is ascending, which indicates current upside movement, if the indicator reverses down it will denote the beginning of a correction.
Trading recommendations:
Currently it is recommended to trade up with target at 1.3786 and further to 1.3926. Stop Loss should be placed below 1.3590. If the MACD reverses down it is recommended to cut long positions manually.
http://instaforex.com/forex_analysis/23583/?x=OUE
Friday, February 18, 2011
The EUR/USD technical analysis and trading recommendations for February 18, 2011
Overview:
The euro price could not overcome the first support level 1.3449 and started a correction that transformed into forming of a new buy signal with target level 1.3764. The formed sell signal is weak and confirmed, since the Chinkou Span fixated above the price graph and the price is below the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.3843 – the second resistance level, but it is recommended to trade up only after the buy signal strengthens and proves, which implies the price fixating above the Ichimoku cloud. If this level is passed the second target will be the third resistance level at 1.3943. Upside movement remains while the price is above the Kijun-sen (1.3530), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the beginning of the upside movement, the lines are diverging and directed up. The MACD is ascending, which indicates current upside movement, if the indicator reverses down it will denote the beginning of a correction.
Trading recommendations:
Currently it is recommended to wait until the buy signal strengthens and proves and trade up with target at 1.3843 and further to 1.3530. Stop Loss should be placed above 1.3620. If the MACD reverses down it is recommended to cut long positions.
http://instaforex.com/forex_analysis/23483/?x=OUE
The euro price could not overcome the first support level 1.3449 and started a correction that transformed into forming of a new buy signal with target level 1.3764. The formed sell signal is weak and confirmed, since the Chinkou Span fixated above the price graph and the price is below the Ichimoku cloud. Thus, at the moment the first target for the upside movement is 1.3843 – the second resistance level, but it is recommended to trade up only after the buy signal strengthens and proves, which implies the price fixating above the Ichimoku cloud. If this level is passed the second target will be the third resistance level at 1.3943. Upside movement remains while the price is above the Kijun-sen (1.3530), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the beginning of the upside movement, the lines are diverging and directed up. The MACD is ascending, which indicates current upside movement, if the indicator reverses down it will denote the beginning of a correction.
Trading recommendations:
Currently it is recommended to wait until the buy signal strengthens and proves and trade up with target at 1.3843 and further to 1.3530. Stop Loss should be placed above 1.3620. If the MACD reverses down it is recommended to cut long positions.
http://instaforex.com/forex_analysis/23483/?x=OUE
Thursday, February 17, 2011
The market manipulations analysis of the AUD/USD by Alexey Portnov for February 17, 2011
The aussie followed the second way on the graph - advance and testing of the supply zone. Market conjuncture has changed and now we see prevailing demand on the market. I cannot give any forecasts of advance until the supply zone is overcome. For a start I'm expecting a test of support levels for demand, if any, in this case we most probably see further advance in all aspects.
Trading recommendations:
http://instaforex.com/forex_analysis/23355/?x=OUE
Trading recommendations:
http://instaforex.com/forex_analysis/23355/?x=OUE
Wednesday, February 16, 2011
The market manipulations analysis of the AUD/USD by Alexey Portnov for February 16, 2011 2011-02-16
The aussie has declined to the forecasted targets. During the Asian session the price advanced a little amid a positive report of BHP Biliton Company. I suppose two ways of further development: either the prices continue to decline from the opening of the European session or after testing the supply zone near 1.0030-50.
http://instaforex.com/forex_analysis/23271/?x=OUE
http://instaforex.com/forex_analysis/23271/?x=OUE
Tuesday, February 15, 2011
EUR/USD Intraday Technical analysis 2011-02-15
The spot rate has bounced off the lower limit of its short term bearish channel at 1.3430 and approaches the upper limit of this one at 1.3530. A break of these levels would free up significant potential.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3530 with a 1st objective of 1.3620, then 1.3660. A break in 1.3510 would invalidate this scenario.
http://instaforex.com/forex_analysis/23199/?x=OUE
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3530 with a 1st objective of 1.3620, then 1.3660. A break in 1.3510 would invalidate this scenario.
http://instaforex.com/forex_analysis/23199/?x=OUE
Monday, February 14, 2011
GBP/USD Intraday Technical analysis 2011-02-14
The spot rate approaches its medium-term intermeditate resistance bearish channel at 1.6110. A break of these levels would reach the upper limit of this one to 1.6190.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6110 with a 1st objective of 1.6190, then 1.6230. A break in 1.6090 would invalidate this scenario.
http://instaforex.com/forex_analysis/23129/?x=OUE
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6110 with a 1st objective of 1.6190, then 1.6230. A break in 1.6090 would invalidate this scenario.
http://instaforex.com/forex_analysis/23129/?x=OUE
The EUR/USD technical analysis and trading recommendations for February 14, 2011 2011-02-14
Overview:
The euro has formed a new sell signal, upside movement did not develop, so at the moment downside movement is preferable. The formed sell signal is strong and confirmed, since the Chinkou Span fixated below the price graph and the price is below the Ichimoku cloud. Thus, at the moment the first target for the downside movement is 1.3449 – the first support level. If this level is passed the second target will be the second support level at 1.3349. Downside movement remains while the price is below the Kijun-sen (1.3620), if the price fixates above this line it is recommended to cut short positions. The Chinkou Span is below the price graph, which confirms the current sell signal and indicates bearish sentiment. The Bollinger bands show the beginning of the downside movement, the lines are diverging and directed down. The MACD is ascending, which indicates current correction movement, thus it is recommended to resume trading down after it reverses down.
Trading recommendations:
Currently it is recommended to trade down with target at 1.3449 and further to 1.3349. Stop Loss should be placed above 1.3620. Enter the market with short positions after the MACD reverses down.
http://instaforex.com/forex_analysis/23151/?x=OUE
The euro has formed a new sell signal, upside movement did not develop, so at the moment downside movement is preferable. The formed sell signal is strong and confirmed, since the Chinkou Span fixated below the price graph and the price is below the Ichimoku cloud. Thus, at the moment the first target for the downside movement is 1.3449 – the first support level. If this level is passed the second target will be the second support level at 1.3349. Downside movement remains while the price is below the Kijun-sen (1.3620), if the price fixates above this line it is recommended to cut short positions. The Chinkou Span is below the price graph, which confirms the current sell signal and indicates bearish sentiment. The Bollinger bands show the beginning of the downside movement, the lines are diverging and directed down. The MACD is ascending, which indicates current correction movement, thus it is recommended to resume trading down after it reverses down.
Trading recommendations:
Currently it is recommended to trade down with target at 1.3449 and further to 1.3349. Stop Loss should be placed above 1.3620. Enter the market with short positions after the MACD reverses down.
http://instaforex.com/forex_analysis/23151/?x=OUE
Friday, February 11, 2011
The EUR/USD technical analysis and trading recommendations for February 11, 2011 2011-02-11
Overview:
The euro did not strengthen the downside signal and it is about to be cancelled, the price fixated below the Kijun-sen, which weakened the current buy signal even more, therefore a new sell signal is expected to be formed in the nearest time. The formed buy signal is confirmed, but weak since the Chinkou Span fixated above the price graph and the price is below the Ichimoku cloud. Thus, at the moment it is recommended to wait until the current signal strengthens or a new one is formed, in the first case the first target for the upside movement is 1.3981 – the second resistance level. If a new sell signal is formed the target will be the first support level at 1.3463. Upside movement remains while the price is above the Kijun-sen (1.3630), if the price fixates below this line (which has happened) it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show sideways movement, the lines are not diverging and directed sideways, which denotes a flat. The MACD is ascending, which indicates current downside movement.
Trading recommendations:
Currently it is recommended to wait until the current signal strengthens or a new one is formed. A new sell signal is more likely to be formed. In this case the targets will be the closest support levels..
http://instaforex.com/forex_analysis/23055/?x=OUE
The euro did not strengthen the downside signal and it is about to be cancelled, the price fixated below the Kijun-sen, which weakened the current buy signal even more, therefore a new sell signal is expected to be formed in the nearest time. The formed buy signal is confirmed, but weak since the Chinkou Span fixated above the price graph and the price is below the Ichimoku cloud. Thus, at the moment it is recommended to wait until the current signal strengthens or a new one is formed, in the first case the first target for the upside movement is 1.3981 – the second resistance level. If a new sell signal is formed the target will be the first support level at 1.3463. Upside movement remains while the price is above the Kijun-sen (1.3630), if the price fixates below this line (which has happened) it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show sideways movement, the lines are not diverging and directed sideways, which denotes a flat. The MACD is ascending, which indicates current downside movement.
Trading recommendations:
Currently it is recommended to wait until the current signal strengthens or a new one is formed. A new sell signal is more likely to be formed. In this case the targets will be the closest support levels..
http://instaforex.com/forex_analysis/23055/?x=OUE
Thursday, February 10, 2011
The EUR/USD technical analysis and trading recommendations for February 10, 2011 2011-02-10
Overview:
The euro did not strengthen the downside signal, as a result it cancelled and a new buy signal with target level 1.3960 has formed. The formed buy signal is confirmed, but weak since the Chinkou Span fixated above the price graph and the price entered the Ichimoku cloud and is still located near it. Thus, at the moment it is recommended to wait until the price passes the Ichimoku cloud, in this case the first target for the upside movement is 1.3981 – the second resistance level. If this level is passed the next target will be the third resistance level at 1.4101. Upside movement remains while the price is above the Kijun-sen (1.3630), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show possible sideways movement, the lines are not diverging and directed sideways, which denotes a flat. The MACD is ascending, which indicates current upside movement, if it reverses down, this will indicate the beginning of correction movement.
Trading recommendations:
Currently it is recommended to wait until the price passes the Ichimoku cloud and trade up with the target to 1.3981. Stop loss should be placed below 1.3630. Long positions should be cut manually if the MACD reverses down.
http://instaforex.com/forex_analysis/22963/?x=OUE
The euro did not strengthen the downside signal, as a result it cancelled and a new buy signal with target level 1.3960 has formed. The formed buy signal is confirmed, but weak since the Chinkou Span fixated above the price graph and the price entered the Ichimoku cloud and is still located near it. Thus, at the moment it is recommended to wait until the price passes the Ichimoku cloud, in this case the first target for the upside movement is 1.3981 – the second resistance level. If this level is passed the next target will be the third resistance level at 1.4101. Upside movement remains while the price is above the Kijun-sen (1.3630), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show possible sideways movement, the lines are not diverging and directed sideways, which denotes a flat. The MACD is ascending, which indicates current upside movement, if it reverses down, this will indicate the beginning of correction movement.
Trading recommendations:
Currently it is recommended to wait until the price passes the Ichimoku cloud and trade up with the target to 1.3981. Stop loss should be placed below 1.3630. Long positions should be cut manually if the MACD reverses down.
http://instaforex.com/forex_analysis/22963/?x=OUE
Wednesday, February 9, 2011
Fundamental Analysis, February 09, 2011 2011-02-09
The major publications are expected today from the American macroeconomic sphere. The relative calm on the macroeconomic front is expected to continue until Thursday, when new unemployment data will be published. Jeffrey M. Lacker, the head of the Richmond Fed, has stated yesterday that the Fed should consider cancelling its 600-billion dollar quantitative easing program due to stronger-than-expected economic growth and improvements in the labor markets. Lacker expects growth of about 4% during 2011. According to him, this level of growth may increase the absorption of new workers and thus reduce the rate of unemployment.
As we said, the Chinese central bank announced yesterday that it would raise the interest rate in China in another attempt to rein in inflation, which stayed over 4% for the last three months running. This is the third interest rate hike since October and the second one in less than two months.
In Europe, the trade at the leading stock exchanges locked yesterday at index rises lead by the automotive industry, this after Toyota raised its revenue prediction for this year, and BMW reported a sharp increase in sales. By the end of the trading day, the London stock exchange climbed by 0.7%, the Frankfurt stock exchange climbed by 0.5%, while the Paris stock exchange climbed by 0.4%.
As trade closed at the New York Commodities Exchange, oil locked at a 0.6% decline to a level of 86.94 United States dollars for one barrel of oil, while gold locked at a 1.2% rise to a level of 1364 United States dollars for one ounce.
www.tradebankerstyle.com
As we said, the Chinese central bank announced yesterday that it would raise the interest rate in China in another attempt to rein in inflation, which stayed over 4% for the last three months running. This is the third interest rate hike since October and the second one in less than two months.
In Europe, the trade at the leading stock exchanges locked yesterday at index rises lead by the automotive industry, this after Toyota raised its revenue prediction for this year, and BMW reported a sharp increase in sales. By the end of the trading day, the London stock exchange climbed by 0.7%, the Frankfurt stock exchange climbed by 0.5%, while the Paris stock exchange climbed by 0.4%.
As trade closed at the New York Commodities Exchange, oil locked at a 0.6% decline to a level of 86.94 United States dollars for one barrel of oil, while gold locked at a 1.2% rise to a level of 1364 United States dollars for one ounce.
The EUR/USD technical analysis and trading recommendations for February 9, 2011 2011-02-09
Overview:
The euro has completed the upside movement, a new sell signal with target level 1.3250 has formed, but the price is inside the Ichimoku cloud yet. The formed buy signal is confirmed, but weak since the Chinkou Span fixated below the price graph and the price entered the Ichimoku cloud and is still located near it. Thus, at the moment it is recommended to wait until the price passes the Ichimoku cloud, in this case the first target for the downside movement is 1.3463 – the first support level. If this level is passed the next target will be the second support level at 1.3343. Downside movement remains while the price is below the Kijun-sen (1.3670), if the price fixates above this line it is recommended to cut short positions. The Chinkou Span is below the price graph, which confirms the current sell signal and indicates bearish sentiment. The Bollinger bands show possible sideways movement, the lines are not diverging and directed sideways. The MACD is ascending, which indicates current correction movement, therefore it is recommended to start trading down after it reverses down.
Trading recommendations:
Currently it is recommended to wait until the price passes the Ichimoku cloud and trade down with the target to 1.3463, and further to 1.3343. Stop loss should be placed above 1.3670. Short positions should be opened after the MACD reverses down.
The euro has completed the upside movement, a new sell signal with target level 1.3250 has formed, but the price is inside the Ichimoku cloud yet. The formed buy signal is confirmed, but weak since the Chinkou Span fixated below the price graph and the price entered the Ichimoku cloud and is still located near it. Thus, at the moment it is recommended to wait until the price passes the Ichimoku cloud, in this case the first target for the downside movement is 1.3463 – the first support level. If this level is passed the next target will be the second support level at 1.3343. Downside movement remains while the price is below the Kijun-sen (1.3670), if the price fixates above this line it is recommended to cut short positions. The Chinkou Span is below the price graph, which confirms the current sell signal and indicates bearish sentiment. The Bollinger bands show possible sideways movement, the lines are not diverging and directed sideways. The MACD is ascending, which indicates current correction movement, therefore it is recommended to start trading down after it reverses down.
Trading recommendations:
Currently it is recommended to wait until the price passes the Ichimoku cloud and trade down with the target to 1.3463, and further to 1.3343. Stop loss should be placed above 1.3670. Short positions should be opened after the MACD reverses down.
Tuesday, February 8, 2011
EUR/USD Bearish Outlook ,February 08, 2011 (Daily Strategy) 2011-02-08
EUR/USD
The Euro-United States dollar pair is in a range of 300 - points. between 1.3850 and 1.3550 level. From here on out, the pair is expected to move back towards the upper range of the pattern, which will enable entry into a sell deal on the pair at an attractive price. It is possible to use the 1.3780 resistance level as an entry trigger for a sell deal.
We should take into account the possibility at the Euro – United States Dollar pair might continue its negative momentum rather than climb upwards, thus breaching the 1.3570 support level. A clean breach of this level will form a positive indication of continued movement to the south, towards the major 1.3345 support level – our final exit goal from the sell position on the pair. http://instaforex.com/forex_analysis/22819/?x=OUE
The Euro-United States dollar pair is in a range of 300 - points. between 1.3850 and 1.3550 level. From here on out, the pair is expected to move back towards the upper range of the pattern, which will enable entry into a sell deal on the pair at an attractive price. It is possible to use the 1.3780 resistance level as an entry trigger for a sell deal.
We should take into account the possibility at the Euro – United States Dollar pair might continue its negative momentum rather than climb upwards, thus breaching the 1.3570 support level. A clean breach of this level will form a positive indication of continued movement to the south, towards the major 1.3345 support level – our final exit goal from the sell position on the pair. http://instaforex.com/forex_analysis/22819/?x=OUE
Wednesday, February 2, 2011
The EUR/USD technical analysis and trading recommendations for February 2, 2011 2011-02-02
Overview:
The euro has resumed upside movement, the correction was not deep and the sell signal was not supported by the respective level. The formed buy signal is strong and confirmed since the Chinkou Span fixated above the price graph and the price is above the Ishimoku cloud. Thus, at the moment the first target for the upside movement is 1.3853 – the second resistance level. If this level is passed the next target will be the third resistance level at 1.3958. The upside movement continues while the price is above the Kijun-Sen(1.3720), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span fixed above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuing upside movement, the lines are diverging and directed up. The MACD is ascending, which indicates current upside movement.
Trading recommendations:
Currently it is recommended to trade up with the target to 1.3853, and further to 1.3958. Stop Loss should be placed below 1.3720. If the MACD reverses down, long positions should be cut manually.
http://instaforex.com/forex_analysis/22457/?x=OUE
The euro has resumed upside movement, the correction was not deep and the sell signal was not supported by the respective level. The formed buy signal is strong and confirmed since the Chinkou Span fixated above the price graph and the price is above the Ishimoku cloud. Thus, at the moment the first target for the upside movement is 1.3853 – the second resistance level. If this level is passed the next target will be the third resistance level at 1.3958. The upside movement continues while the price is above the Kijun-Sen(1.3720), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span fixed above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuing upside movement, the lines are diverging and directed up. The MACD is ascending, which indicates current upside movement.
Trading recommendations:
Currently it is recommended to trade up with the target to 1.3853, and further to 1.3958. Stop Loss should be placed below 1.3720. If the MACD reverses down, long positions should be cut manually.
http://instaforex.com/forex_analysis/22457/?x=OUE
Tuesday, February 1, 2011
EUR/USD Monthly Forecast for February 2011 2011-02-01
MONTHLY OUTLOOK :
It seems that this pair wants to re-test the Triangle Resistance for the fifth time. As long as the 1.3757 level can be broken by this pair, there will be a change in the character of this pair to Bullish at least until November 2010. On the Bar Monthly calender 1.4281 will be the first target before it hits the Triangle Resistance. However if the EUR/USD can break out and close below 1.3545, this will cause this pair to go down to 1.3416 as the first target and 1.3313 as the second target.
http://instaforex.com/forex_analysis/22383/?x=OUE
It seems that this pair wants to re-test the Triangle Resistance for the fifth time. As long as the 1.3757 level can be broken by this pair, there will be a change in the character of this pair to Bullish at least until November 2010. On the Bar Monthly calender 1.4281 will be the first target before it hits the Triangle Resistance. However if the EUR/USD can break out and close below 1.3545, this will cause this pair to go down to 1.3416 as the first target and 1.3313 as the second target.
http://instaforex.com/forex_analysis/22383/?x=OUE
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