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Posted by TimeForForex on Wednesday July 28, 2010 4:08 am
Free USD/CHF Forex Signal.

TimeForForex.com offers free FOREX trading signals. Trade compare and make profit with the free trading signals of TimeForForex.com.

Free Trading Signal:

Open USD/CHF short @ 1.0598 SL 1.0633 TP 1.0558.

Free Trading Signals provided by www.timeforforex.comPosted by Finotec on Monday July 26, 2010 8:10 am

The combination of growing confidence in Europe’s economy and mounting evidence of a slowdown in the U.S. is driving euro bears into hiding.


Long signalShort signal
  Buy a break of resistance level at 1.2960 Sell a break of support level at 1.2730
EUR/USD Buy a break of resistance level at 1.3030 Sell a break of support level at 1.2700
  Buy a bounce at 1.2730 Sell a failure of breaking the resistance 1.2960

Fundamental
The combination of growing confidence in Europe’s economy and mounting evidence of a slowdown in the U.S. is driving euro bears into hiding. After tracking the euro’s slide from about $1.45 at the beginning of 2010, the median forecast of currency strategists has stayed within two cents of $1.20 since the start of June, according to data compiled by Bloomberg. Goldman Sachs Group Inc. and Wells Fargo & Co. raised their estimates in the past two weeks, joining HSBC Holdings Plc and Deutsche Bank AG in predicting a stronger euro.

Technical
Technical analysis shows the euro may continue the bullish movement as MACD crosses the signal line upwards and RSI bounces on 30% line. Bollinger gives us a bullish signal by closing the candle above the middle band.

EUR/USD (Daily Chart)
The primary tendency breaks downtrend line upwards.

EUR/USD (4 Hour Chart)
The pair is in a clear uptrend.

EUR/USD (Hourly Chart)
The Minor trend trying to break Fibonacci fan.

Resistance
1.2960
1.3030

Support
1.2730
1.2700

 

Posted by Finotec on Monday July 19, 2010 5:03 am

The euro weakened after Moody’s Investors Service lowered Ireland’s sovereign debt rating by one notch, fueling demand for perceived safer currencies such as the dollar and Japanese yen.


Long signalShort signal
  Buy a break of resistance level at 1.3075 Sell a break of support level at 1.2850
EUR/USD Buy a break of resistance level at 1.3000 Sell a break of support level at 1.2780
  Buy a bounce at 1.2850 Sell a failure of breaking the resistance 1.3075

Fundamental
The euro weakened after Moody’s Investors Service lowered Ireland’s sovereign debt rating by one notch, fueling demand for perceived safer currencies such as the dollar and Japanese yen. The single currency fell against 11 of its 16 most actively traded counterparts as Moody’s today cut Ireland’s rating to Aa2 from Aa1, citing the government’s “gradual but significant loss of financial strength.” The agency has a “stable” outlook on the country’s debt, it said today in an e-mailed statement. Moody’s also cut its rating on Ireland’s so-called bad bank, the National Asset Management Agency, to Aa2 with a stable outlook.

Technical
Technical analysis shows us the Euro may continue its uptrend as MACD bounces on equilibrium level; RSI pointing upwards and Bollinger gives a bullish signal by closing the candle above the middle band.

EUR/USD (Daily Chart)
The primary tendency breaks the trend line upwards.

EUR/USD (4 Hour Chart)
The pair is in a clear uptrend.

EUR/USD (Hourly Chart)
The Minor trend bounces on Bollinger lower band.

Resistance
1.3075
1.3000

Support
1.2850
1.2780

 

Posted by TimeForForex on Thursday July 15, 2010 3:44 am
Free USD/CHF Forex Signal.

TimeForForex.com offers free FOREX trading signals. Trade compare and make profit with the free trading signals of TimeForForex.com.

Free Trading Signal:

Open USD/CHF short @ 1.0508 SL 1.0542 TP 1.0463.

Free Trading Signals provided by www.timeforforex.com Posted by Finotec on Monday June 28, 2010 5:32 am

EUR/USD Current price 1.2370. Near past Friday’s New York closing levels, pair long term bias in the pair shows 1.2460 as a strong resistance area, ahead of 1.2520, quite close.


Long signalShort signal
  Buy a break of resistance level at 1.2490 Sell a break of support level at 1.2255
EUR/USD Buy a break of resistance level at 1.2585 Sell a break of support level at 1.2220
  Buy a bounce at 1.2255 Sell a failure of breaking the resistance 1.2490

Fundamental
EUR/USD Current price 1.2370. Near past Friday’s New York closing levels, pair long term bias in the pair shows 1.2460 as a strong resistance area, ahead of 1.2520, quite close. If above this last, there is a chance of seeing the pair extending the rally towards the 1.30 area. Still sovereign debt woes, and banking crisis is not over in euro zone, and despite market is much less short in the common currency, the road to the upside will be a hard one.

Technical
Technical analysis shows the Euro may continue its uptrend. We notice the demand in the market by using indicators like MACD, which shows strength in the market. RSI is in an uptrend. Bollinger gives a bullish signal by closing the candle above the middle band.

EUR/USD (Daily Chart)
The primary tendency is in a downtrend.

EUR/USD (4 Hour Chart)
The pair forms a new support level on MA20 periods line.

EUR/USD (Hourly Chart)
The Minor trend breaks the previous resistance.

Resistance
1.2490
1.2585

Support
1.2255
1.2220

 

Posted by Finotec on Monday June 21, 2010 6:17 am

The Euro and the British Pound rose against the US Dollar in overnight trade, adding 0.3 and 0.4 percent respectively as traders broadly sold the greenback after China announced a move toward a less rigid exchange rate policy.


Long signalShort signal
  Buy a break of resistance level at 1.2670 Sell a break of support level at 1.2350
EUR/USD Buy a break of resistance level at 1.2550 Sell a break of support level at 1.2300
  Buy a bounce at 1.2350 Sell a failure of breaking the resistance 1.2670

Fundamental
The Euro and the British Pound rose against the US Dollar in overnight trade, adding 0.3 and 0.4 percent respectively as traders broadly sold the greenback after China announced a move toward a less rigid exchange rate policy. The US Dollar came under intense selling pressure in Asian trade after the People’s Bank of China said it will proceed with reform of China’s currency regime “enhance [Yuan] exchange rate flexibility.

Technical
Technical analysis shows the Euro may continue its uptrend. We notice the demand in the market by using indicators like MACD, which shows strength in the market. RSI is in an uptrend. Bollinger gives a bullish signal by closing the candle above the middle band.

EUR/USD (Daily Chart)
The primary tendency is in a downtrend.

EUR/USD (4 Hour Chart)
The pair start a minor uptrend.

EUR/USD (Hourly Chart)
The Minor trend breaks Fibonacci upper band.

Resistance
1.2670
1.2550

Support
1.2350
1.2300

 

Posted by Finotec on Friday May 28, 2010 5:36 am

Oil is poised for its first weekly gain in four weeks, after China affirmed its commitment to investing in Europe and U.S. reports signaled that energy demand may recover with an economic rebound.

Oil is poised for its first weekly gain in four weeks, after China affirmed its commitment to investing in Europe and U.S. reports signaled that energy demand may recover with an economic rebound. Oil climbed more than $3 a barrel yesterday as China denied as “groundless” a report that it’s reviewing euro holdings and the nation’s sovereign-wealth fund said it’s maintaining European assets. The Commerce Department reported the U.S. economy grew for a third consecutive quarter and the Labor Department said jobless claims declined. Total fuel demand climbed last week, the Energy Information Administration said.

Trading Tactics

A clear uptrend could be an opportunity to buy Crude Oil.

A buying point is at 75.25; pivot point gives a take profit at 77.60; Fibonacci 23.6% level is the stop loss at 73.40

A selling point is at 73.10; previous support is the take profit at 70.30; Pivot point is the stop loss at 76.25

Technical: Crude oil breaks the previous resistance level and continues the Dow pattern. A move back higher could set up a test of 77.60

To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice MACD crosses the signal line downwards for a correction reason; RSI (Relative Strength Index) and Momentum are in a bullish direction; Stochastic crosses %D line upwards.

*Analysis is for information purposes only and does not constitute advice in any form. Past performance is not an indicator of future performance. Trading in financial products carries a high degree of risk to your capital and it is possible to lose more than your initial investment.


Crude oil (Hourly Chart)

 

Posted by TimeForForex on Friday May 21, 2010 2:48 am
Free EUR/USD Forex Signal.

TimeForForex.com offers free FOREX trading signals. Trade compare and make profit with the free trading signals of TimeForForex.com.

Free Trading Signal:

Open EUR/USD short @ 1.2510 SL 1.2546 TP 1.2460.

Free Trading Signals provided by www.timeforforex.com Posted by TimeForForex on Wednesday May 05, 2010 5:42 am
Free GBP/USD Forex Signal.

TimeForForex.com offers free FOREX trading signals. Trade compare and make profit with the free trading signals of TimeForForex.com.

Free Trading Signal:

Open GBP/USD short @ 1.5159 SL 1.5190 TP 1.5124.

Free Trading Signals provided by www.timeforforex.com Posted by TimeForForex on Tuesday April 27, 2010 4:03 am
Free GBP/USD Forex Signal.

TimeForForex.com offers free FOREX trading signals. Trade compare and make profit with the free trading signals of TimeForForex.com.

Free Trading Signal:

Open GBP/USD short @ 1.5401 SL 1.5434 TP 1.5360.

Free Trading Signals provided by www.timeforforex.com
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