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
C-GB
C-GB Algo Hedge Fund,with the Best Pamm Account Managers,a pure systematic (automated) trading program which is quite different than most as it utilizes sophisticated algorithms , our Fund provides exceptional strength, and stability. Trading Forex, CFD's Gold,Oil,Futures, New Clients Receive Free Start-up Capital -No Catches No Risk- Invest in C-GB Algo Hedge Fund open an Account in Minutes Below.
Friday, February 11, 2011
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
Subscribe to:
Posts (Atom)