|
Posted by Finotec on Monday March 08, 2010 8:19 am
The euro rose against the yen and the dollar for a second day
as expectations increased Greece will get assistance, boosting demand
for higher-yielding assets.
| Long signal | Short signal |
| |
Buy a break of resistance level at 1.3710 |
Sell a break of support level at 1.3625 |
| EUR/USD |
Buy a break of resistance level at 1.3790 |
Sell a break of support level at 1.3530 |
| |
Buy a bounce at 1.3625 |
Sell a failure of breaking the resistance 1.3710 |
Fundamental
The euro rose against the yen and the dollar for a second day as
expectations increased Greece will get assistance, boosting demand for
higher-yielding assets. Europe’s currency strengthened against 11 of
its 16 major counterparts after French President Nicolas Sarkozy said
the euro region is ready to rescue Greece and before Greek Prime
Minister George Papandreou meets U.S. President Barack Obama in
Washington tomorrow.
Technical
Technical analysis gives us a bullish momentum in the market and the
euro may start an uptrend after a break of standard error channel upper
line. MACD crosses the signal line upwards; RSI is in a clear uptrend
and Bollinger Band gives us a bullish signal.
EUR/USD (Daily Chart)
The primary tendency is still in a downtrend.
EUR/USD (4 Hour Chart)
The pair breaks standard error channel upper line.
EUR/USD (Hourly Chart)
The Minor trend is in an uptrend.
Resistance
1.3710
1.3790
Support
1.3625
1.3530
Posted by TimeForForex on Wednesday March 03, 2010 1:23 am
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Posted by Finotec on Monday March 01, 2010 6:00 am
The euro may strengthen to $1.40 as European officials work on
a rescue package for Greece, easing concern of “default and contagion,”
Royal Bank of Scotland Group Plc. said.
| Long signal | Short signal |
| |
Buy a break of resistance level at 1.3690 |
Sell a break of support level at 1.3530 |
| EUR/USD |
Buy a break of resistance level at 1.3725 |
Sell a break of support level at 1.3440 |
| |
Buy a bounce at 1.3530 |
Sell a failure of breaking the resistance 1.3690 |
Fundamental
The euro may strengthen to $1.40 as European officials work on a rescue
package for Greece, easing concern of “default and contagion,” Royal
Bank of Scotland Group Plc. said. The 16-nation currency is also poised
to advance after futures traders placed a record amount of bets that it
will weaken, paving the way for a reversal of sentiment, wrote Greg
Gibbs, a currency strategist at RBS in Sydney.
Technical
Technical analysis show us the euro may start a bullish movement based
on many indicators like MACD, which gives us a buying signal by
crossing MACD line to the signal line upwards and RSI bounced on 30%
line forming a clear uptrend. Bollinger gives us a bullish signal by
closing the candle above the lower band.
EUR/USD (Daily Chart)
The primary tendency breaks standard error channel middle line.
EUR/USD (4 Hour Chart)
The pair breaks downtrend line upwards.
EUR/USD (Hourly Chart)
The Minor trend is in a sideways.
Resistance
1.3690
1.3725
Support
1.3530
1.3440
Posted by admin on Wednesday February 24, 2010 6:29 am
UBS
EURO/DOLLAR: "Remains vulnerable below $1.3839 with broader focus
still downwards at $1.3497 ahead of the $1.3424 low. Near-term
resistance is at $1.3692."
DOLLAR/YEN: "Initial support is at 89.92 yen ahead of the 89.25 low while resistance lies at 91.29 ahead of the 92.15 high."
STERLING/DOLLAR: "Current focus is on initial resistance at $1.5575
but the pair remains heavy below $1.5816; while the latter holds,
expect a decline to the $1.5357 low."
DOLLAR/SWISS FRANC: "Focus is on 1.0715 francs but remains
constructive above the 1.0609 low; with the latter holding, expect a
bounce towards the 1.0899 high."
AUSTRALIAN DOLLAR/U.S. DOLLAR: "Heavy below the $0.9328 high;
initial support is at $0.8879 ahead of the $0.8786 reaction low.
Resistance lies at $0.9071."
EURO/SWISS FRANC: "Bearish momentum eyes 1.4618 francs ahead of the
1.4579 key low. Resistance is at 1.4683 ahead of the 1.4702 reaction
high."
EURO/STERLING: "Initial resistance is at 88.36 pence ahead of 89.12
(38.2 percent retracement of 94.12-86.03) while near-term support lies
at 87.03 ahead of the 86.58 low."
Posted by Finotec on Monday February 22, 2010 8:51 am
Derivative traders are signaling that the euro’s slump to a
nine-month low will continue even if European Union leaders bail out
Greece.
| Long signal | Short signal |
| |
Buy a break of resistance level at 1.3660 |
Sell a break of support level at 1.3485 |
| EUR/USD |
Buy a break of resistance level at 1.3780 |
Sell a break of support level at 1.3440 |
| |
Buy a bounce at 1.3485 |
Sell a failure of breaking the resistance 1.3660 |
Fundamental
Derivative traders are signaling that the euro’s slump to a nine-month
low will continue even if European Union leaders bail out Greece.
Short-term rates for borrowing in euros in the forwards market are the
cheapest relative to loans in dollars since September. The 50 percent
collapse in that spread this month signals investors are betting the
European Central Bank will keep its benchmark at a record low,
sacrificing euro strength to prevent deficit-cutting by debt-laden
economies in the region from stymieing growth.
Technical
Technical analysis shows us the Euro may continue its downtrend. We
notice the supply in the market by using some indicators like MACD,
which gives us a selling signal in oversold area. RSI shows us the
strength in the market. Bollinger gives us a bearish signal by closing
the candle below the middle band.
EUR/USD (Daily Chart)
The primary tendency is in a clear downtrend.
EUR/USD (4 Hour Chart)
The pair breaks the standard error channel upper line.
EUR/USD (Hourly Chart)
The Minor trend facing a strong resistance.
Resistance
1.3660
1.3780
Support
1.3485
1.3440
Posted by TimeForForex on Wednesday February 17, 2010 12:45 am
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Open GBP/USD short @ 1.5779 SL 1.5818 TP 1.5739.
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Posted by TimeForForex on Tuesday February 09, 2010 1:59 pm
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Open GBP/USD short @ 1.5691 SL 1.5728 TP 1.5657.
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Posted by Finotec on Monday February 08, 2010 4:54 am
Treasury Secretary Timothy F. Geithner said the U.S. is in no
danger of losing its Aaa debt rating even though the Obama
administration has predicted a $1.6 trillion budget deficit in 2010.
| Long signal | Short signal |
| |
Buy a break of resistance level at 1.5670 |
Sell a break of support level at 1.5515 |
| GBP/USD |
Buy a break of resistance level at 1.5730 |
Sell a break of support level at 1.5450 |
| |
Buy a bounce at 1.5515 |
Sell a failure of breaking the resistance 1.5670 |
Fundamental
Treasury Secretary Timothy F. Geithner said the U.S. is in no danger of
losing its Aaa debt rating even though the Obama administration has
predicted a $1.6 trillion budget deficit in 2010. “Absolutely not,”
Geithner said, when asked in an ABC News interview broadcast yesterday
whether a downgrade is a concern. “That will never happen to this
country.”
Geithner said investors around the world turn to U.S. Treasury
securities and dollar-denominated assets whenever they are worried
about global stability. That reflects “basic confidence” in the U.S.
and its ability to bounce back from the global recession, he said.
Technical
The U.K. currency might start to rebound after a strong bearish
movement based on technical analysis. Indicators gives us a bullish
signal for a correction reason like RSI, which bounces on 30% line
upwards, MACD crosses the signal upwards on hourly chart, and Bollinger
gives us a bullish signal by closing the candle above the lower band.
GBP/USD (Daily Chart)
The primary tendency is in a clear downtrend.
GBP/USD (4 Hour Chart)
The pair bounced on standard error channel lower line.
GBP/USD (Hourly Chart)
The Minor trend bounced on pivot point level.
Resistance
1.5670
1.5730
Support
1.5515
1.5450
Posted by Finotec on Monday February 01, 2010 8:09 am
Investors are pulling cash out of Europe at a record pace as
central banks slow euro purchases, jeopardizing its status as a
substitute to the dollar as the world’s reserve currency.
| Long signal | Short signal |
| |
Buy a break of resistance level at 1.3930 |
Sell a break of support level at 1.3830 |
| EUR/USD |
Buy a break of resistance level at 1.3990 |
Sell a break of support level at 1.3750 |
| |
Buy a bounce at 1.3830 |
Sell a failure of breaking the resistance 1.3930 |
Fundamental
Investors are pulling cash out of Europe at a record pace as central
banks slow euro purchases, jeopardizing its status as a substitute to
the dollar as the world’s reserve currency. Last year, policy makers
loaded up on euros, while analysts at Barclays Plc in London and Aletti
Gestielle SGR SpA in Milan predicted central bankers would make good on
threats to reduce the greenback’s dominance. Now the euro is down 8.4
percent since Nov. 25 in its fastest slide in 10 months amid concern
that cash-strapped countries like Greece won’t pay their debts.
Billionaire investor George Soros said Jan. 28 that there’s “no
attractive alternative” to the dollar.
Technical
Technical analysis show us the euro may continue its downtrend as MACD
gives us a selling signal by crossing MACD line to the signal line and
RSI breaks 30% line downwards. Bollinger gives us a bearish signal by
closing the candle below the lower band.
EUR/USD (Daily Chart)
The primary tendency is in a strong downtrend.
EUR/USD (4 Hour Chart)
The pair breaks Fibonacci fan lower line.
EUR/USD (Hourly Chart)
The Minor trend cannot break standard error channel middle line upwards.
Resistance
1.3930
1.3990
Support
1.3830
1.3750
Posted by TimeForForex on Wednesday January 27, 2010 1:41 am
Free GBP/USD Forex Signal.
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Free Trading Signal:
Open GBP/USD long @ 1.6135 SL 1.6102 TP 1.6172.
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