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USDCHF . EURUSD . GBPUSD . Economic Calendar for the week
Last week the euro / yen traded in different directions, closing the week at almost the same level at which the week opened. When the pair has strong support, along the blue line, which is already six months is a support line . At the moment, the support line has a value close to 132.00, so this level should be taken as a support level for the next week. (more ...)
EURJPY . USDCHF . EURUSD . Economic Calendar for the week
Given a pair of pound / dollar situation is rather ambiguous. On the one hand disappointing economic data, which were published last week, and on the other hand the signal for the growth brought by the two moving averages . (more ...)
GBPUSD . EURJPY . USDCHF . Economic Calendar for the week
The euro / dollar is still trading in an ascending corridor. After a sharp fall in prices on Thursday bounced from the bottom of the channel, closing the Friday session at 1.4901 marks. This means that the lower limit of the channel continues to serve as support for the upward trend. (more ...)
EURUSD . GBPUSD . EURJPY . Economic Calendar for the week
Last week the pair continued its decline, forming at least 1.0040. Since the fractal was not formed, the penetration of the minimum can not be regarded as a breakdown of the fractal . Despite this, at the end of the week formed a new sell signal on the SA and AS , which is similar to the signals at the past week. Signal bar serves bar Friday with a minimum of 1.0034. Trading Strategy Bill Williams says that a warrant for the sample should be put on the point below the minimum signal bar. But given the fact that the analysis is performed on daily bars, should be rounded up to 10 items such deviations in order to avoid false positives. As an act of resistance last two fractal levels up to 1.0230 and 1.0360.
Recommendations for the week:
USDCHF . EURUSD . GBPUSD . Economic Calendar for the week
Perhaps, the euro / yen is now at the resistance line on the graph it is labeled in green. If so, then the confirmation of this should serve as a drop in price below the minimum of Friday's 137.15. In this case, the nearest to market will mark the appropriate level of 136.15 23.6% Fibonacci . If the line of resistance will not be confirmed, most likely, the pair will continue to rise to the top of the channel. Despite this, the opening of the long positions are undesirable, as buying in the midst of growth is not entirely appropriate.
The resistance line turns out to be false if a bar is formed above this line. In this case, you should consider purchasing.
Recommendations for the week:
EURJPY . USDCHF . EURUSD . Economic Calendar for the week
Friday's drop in the pound against the U.S. dollar was caused by the negative data on the UK economy. Despite the rise throughout the week and on the way out of the downtrend channel Friday's drop back a couple of boundaries in the downstream channel, thereby dashing all expectations of further growth of the pair. Despite this, from a technical point of view, we have a buy signal served the intersection of two moving averages . In this situation, a critical support level is 1.6250 - 23.6% Fibonacci retracement levels . Falling below this level will cancel the signal, filed raznoperiodnymi MA and to the market will be 1.5755. Resistance remain still the same line the upper limit of the descending channel.
Earlier this week we can expect the fall to 1.6250, as Friday's move unfinished. In addition, a signal is applied to the sale of the indicator R% .
Recommendations for next week:
GBPUSD . EURJPY . USDCHF . Economic Calendar for the week
Despite overcoming the turn of 1.5000, the rapid growth followed. The euro / dollar is still in the channel at its upper border. The goal, designated last week 1.5170 remains in force so long until the pair is trading above 1.4900. Break of 1.4900 will push the market towards the 1.4750 level at which is the lower bound of the channel and the level of 23.6% Fibonacci of the five-month growth in the euro.
It should be noted that a pair of heavily overbought. This is indicated by relatively strong growth in the Friday, when the pair lost in value, down by 50 points from the maximum of 1.5058 before closing price 1.5008. An additional signal to sell is the output signal line above the histogram MACD .
Recommendations for next week:
EURUSD . GBPUSD . EURJPY . Economic Calendar for the week
Starting this week we will consider the instrument using the technical indicators of Bill Williams.
So, today we are seeing Alligator in the hunt for bears. A clear downward trend is for six months proves it.
In the middle of last week we had a double sell signal, the first signal after the breakdown of fractal fractals generated down 08/10/09. This signal was confirmed two days later, the indicator AO, who also gave a sell signal "Saucer" (Awesome Oscillator signal is generated if the sale, Awesome Oscillator is below the zero line and the histogram changes direction with the rising to the top-down, ie, three columns histogram is first color, second is green and above the first, third column below the second and it's red.)
In addition, a sell signal was filed and AC. The signal bar falls on Thursday of last week 10/08/09.
Recommendations for next week:
USDCHF . EURUSD . GBPUSD . Economic Calendar for the week
Euro / yen continues to fluctuations in the designated interval. After two weeks ago, bounced a couple of lines of support , quotes, couples rose to 135.47. It is noteworthy that the maximum value reached by the market after the resumption of growth is the upper limit of the Bollinger bands at a mark of 136.06. If you look like a pair behaved in the past six months, it is easy to see that the cases when the couple move outside the bands are very rare. Therefore, it would be logical to expect the correction to the level of 133.60 - 38.2% Fibonacci retracement levels , or up to 132.81 - 50%. The depth of the correction will depend on the speed with which it will occur. We see the center line of the Bollinger Bands as a magnet price, and if the correction would be aggressive, then the line is simply no time to rise above the 38.2% Fibonacci. Confirmation by the beginning of the correction will yield curve indicator Stochastic from the overbought, which in itself is a signal to sell.
Recommendations for next week:
EURJPY . USDCHF . EURUSD . Economic Calendar for the week
Last week, the pound went up sharply against the U.S. dollar. The main reason for this rapid growth was the publication on Tuesday of the index of housing prices in the UK, whose growth was 22%, which is significantly larger than expected 15%. From a technical point of view, this increase is justified by the fact that since the end of September was trading at a couple of lines of support , which passed the level of 23.6% Fibonacci retracement (blue) from an eight-month growth. Despite such rapid growth is still too early to talk about finishing the correction of the upward trend that began 2.5 months ago. To do this, that was overcome by the level of 61.8% Fibonacci level of a two-month drop (green). In addition to exit the channel formed by a bear, it will bind to the former and support the bullish trend line, which in this case will act in the capacity of the line of resistance . In addition, this growth will confirm the growth signal from the two moving averages .
Despite all logic the above scenario, we are inclined to believe that the correction is not yet complete and that the pound will continue to lose value after the resistance line. This is because the growth of the last week has resulted in a pair overbought condition (according to the testimony of % R ), while in the days of aggressive buying is observed to decrease tick volume of transactions.
Recommendations for next week:
GBPUSD . EURJPY . USDCHF . Economic Calendar for the week
The growth of the euro against the dollar since the beginning of this month was due to positive expectations of investors, and the shifting of the transition from safe assets in high yield. This led to a cheapening of the dollar against most world currencies. Last week closed with an increase, ending Friday's session at 1.4902 marks.
The graph shows that the price is now at the upper limit of the bullish channel. This suggests that the probability of correction to 1.4680 which is, located at the support line on the one hand, and on the other side of the Fibonacci retracement level of 23.6%. The breakdown of this support will lead to further market fall to 1.4360, 50% Fibonacci retracement levels.
Based on technical indicators, the pair is in the grip of bulls. ADX and A / D show strong growth in the influence of oxen over the last eighteen months. But despite this, the correction was inevitable. The fall in prices to the support line should be confirmed by a signal from the sale na indicator MACD .
Recommendations for the coming week are as follows:
• sell below 1.4840 to 1.4680. Stop Loss 1.4990.
• buy in the breakdown of 1.5 s to 1.5170. Stop Loss 1.4910.
• buy in the zone of 1.4680-1.4700 with limited loss of 1.4640.
EURJPY. EURUSD . Economic Calendar for the week
The lower boundary of the designated channel previously has been broken at the end of last week. The graph clearly shows that the next target market is 38.2% Fibonacci level, which corresponds to the price of 1.5750. Depending on the news background, the decline may continue up to 1.5350 - 50% of the Fibonacci sequence. In this situation, growth is unlikely, therefore, be prudent purchase only at the above levels of support, taking into account the possible risks.
GBPUSD . EURJPY. Economic Calendar for the week
This week, the euro dollar managed to hold above $ 1.4630, which corresponds to 61.8% Fibonacci levels (green) from last fall. This means that there is a likelihood of continued growth to last year's highs. Next week should keep the bullish mood, while a couple will be higher than the previously specified level. In the case of a drop below 1.4580 - 23.6% Fibonacci retracement levels (blue) from a four-month growth, we should reconsider the expectation of further growth and to play towards 1.4420 and 1.4300. Judging by the testimony of the technical indicators, we see that the majority of the Forex set up so the further growth of the pair. But despite that one should pay attention to the testimony of MACD , which indicates a possible correction in the near future.
<EURUSD> <GBUSD> <Economic Calendar for the week>
Proceeding from the center line of the Bollinger Bands , the price fell on Friday, dropping to dvuhsotdnevnoy moving average MA (200). At the same time it is clear that stock to fall further still exists, and in case of penetration of the support provided by the moving average, the next target market will be to achieve the lower limit of the corridor.
<EURJPY> <EURUSD> <Economic Calendar for the week>
Filed two weeks before a sell signal on the two moving averages turned out to be false, and the pound against the dollar went up in the wake of a general cheapening of the dollar on the Forex market. Based on the testimony of technical indicators, namely the Williams Percent Range% R , the pair is in overbought. This means that in case the price is below Friday's low 1.6643, we see a correction. Likely that the correction will stop at support 1.4619, which corresponds to 50% of the two-week growth is from MA (57).
At the same time on the graph shows an unfinished upward movement, the aim of which is 1.6860 - the upper limit koridoa and 50% from last fall. Growth is possible in case the price above Friday's high.
<GBPUSD> <EURJPY> <Economic Calendar for the week>
In the past week, the Forex market has given us a welcome growth in the euro / dollar. Upon reaching the level of resistance in the 1.4635 growth stopped, but contrary to expectations, a strong correction was not held. This means that the correction due to profit-taking may occur at the beginning of the coming week, probably on Monday, because of the publication of economic forecasts of the European Commission and Yellen speech in San Francisco on the economic outlook. The expected correction would lower the price to the support line or to the level of Fibonacci retracement of 38.2%.
At the same time the likelihood of further growth remains. In this case we recommend to refrain from buying until until the market consolidates above 1.4700. I want to note that this is not a touch of this level of price fixing and above it. The fact that this week reached 1.4632 mark is in the immediate vicinity of the correction level 61.8% Fibonacci retracement of the fall of last year. This means that in this area struggle between bulls and bears will be tightening, and there is a high probability of false breakouts. Therefore, you should refrain from buying until the break is confirmed.
31.08.09-04.08.09
<<<EURUSD>>> <<<GBUSD>>> <<<Economic Calendar for the week>>>
Euro / yen continues to fluctuate within the band. (more ...)
31.08.09-04.09.09
<<<EURJPY>>> <<<EURUSD>>> <<<Economic Calendar for the week>>>
Last week was a complete triumph of the bears. At the end of the week auction closed decreasing at a mark 1.6261. The graph clearly shows the intersection of two moving averages . This suggests that the market is ripe, if not to change the trend, at least for a deep correction. The immediate objective of the market after the breakdown of the level of 23.6% Fibonacci has not yet been reached. (more ...)
31.08.09-04.09.09
<<<GBPUSD>>> <<<EURJPY>>> <<<Economic Calendar for the week>>>
The third consecutive week the market is in sideways on a pair euro / dollar. At the same time, we can not ignore the fact that each new low is higher than the previous one, but it's a clear sign of a bullish trend. Despite this, the market has a fairly strong resistance to the growth of the pair. (more ...)
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