The euro market is from a technical perspective and based on the daily charts in the very advanced stage of a downward movement. This downward trend in May this year, marked his debut on October 4 at $ 1.3145 its lowest point so far. With the day's low of $ 1.3212 last Friday, the market is so close to a potentially significant extreme value. Assuming the continuation of the downward trend as the most likely scenario, could accelerate this as soon as the courses are traded at the $ 1.3145. Before that, he is still the 1.32-mark to take the opening trade with the new week proves initially as a serious support and caused the market to correct. The trade was opened with a gap up above the $ 1.33. Impetus for the further price development and increased volatility are possible today with the following industry events:
10:00 EU money supply euro zone in October
Gfk consumer sentiment 13:00 DE
16:00 U.S. new home sales in October
EURUSD 11/28/2011 - daily | EURUSD 11/28/2011 - H4 |
Disclaimer : The published analysis, market commentary, trading signals and transactions have no advice for the purposes of the Securities Exchange Act and does not constitute an offer or solicitation to buy, hold or sell securities, or derivatives thereof The euro continues its downward movement against the U.S. dollar continued, after a series of inner rods was on Wednesday resolved dynamically down and the market, the 1.35 mark he had finally given up. In order to follow the course of the downward trend, the market is from a technical perspective in the daily chart identify. In the further course was then finally the 1.34 mark it. This leaves at 1.33 and $ 1.32 for two possible support that could be a potential starting points for revisions to test $ 1.3145 to the downward trend in its lowest point so far could he on 4 October of this year marked. Impetus for today's trading and increased volatility are possible with the following industry events:
10:00 DE Ifo Business Climate Index November
15:00 BE Business Climate Index November
EURUSD 24/11/2011 - daily | EURUSD 24/11/2011 - H4 |
Disclaimer : The published analysis, market commentary, trading signals and transactions have no advice for the purposes of the Securities Exchange Act and does not constitute an offer or solicitation to buy, hold or sell securities, or derivatives thereof The euro market is from a technical perspective and based on the daily charts in the movement phase of a downtrend. However, the recent price development is not typical for this phase trend, since it is dominated instead by dynamic and sustainable movement of an undecided trade, the current flows in the area of the 1.35 mark he repeated in a series of internal rods. The outdoor bar (daily from 16.11 candle.) Highlighted a range from 1.3557 to 1.3429 U.S. dollars, which for the past week could not overcome the long term. As long as the daily closing prices remain within this range, is expected to further inner rods, which can typically be tenacious and are characterized by constantly changing trade directions (doji) and false breakouts from the range of the outer rod. A close outside this range could, however, be interpreted as a signal for the further price development. Impetus for today's trading and increased volatility are possible with the following industry events:
9:00 FR Service Index November
9:00 FR Purchasing Managers Index November
09:30 U.S. Service Index November
09:30 U.S. Purchasing Managers Index Manuf. November trade
10:00 EU euro zone services PMI November
10:00 EU Purchasing Manager Index Manuf. Euro zone industrial November
11:00 EU industrial orders September
14:30 U.S. orders for durable goods in October
14:30 U.S. October Personal Expenses
14:30 U.S. Weekly Jobless Claims (week)
15:55 U.S. November Consumer Sentiment University of Michigan
16:30 U.S. EIA oil market report (week)
EURUSD 11/23/2011 - daily
Disclaimer : The published analysis, market commentary, trading signals and transactions have no advice for the purposes of the Securities Exchange Act and does not constitute an offer or solicitation to buy, hold or sell securities, or derivatives thereof The euro market is from a technical perspective and based on the daily charts in the movement phase of a downward trend, which broke up on Wednesday a series of internal rods down and finally marked a new low of $ 1.3427. The courses are now trading well below a 61.8% Fibonacci level, which would appear for a continued weakness. The test of the 1.35-mark it, then the downward trend experienced in the child-H4 chart a reaffirmation by the previous motion low (point 2) was exceeded at $ 1.3484. If the $ 1.35 will be given later in final, to find more support as a starting point for corrections, mainly to complete the course marks, initially at 1.34 and 1.33 U.S. dollars. Impetus for today's trading and increased volatility are possible with the following economic and speech events:
14:30 U.S. housing starts in October
14:30 U.S. housing permits in October
14:30 U.S. Weekly Jobless Claims (week)
16:00 U.S. Philadelphia Fed Index November
18:50 U.S. FOMC Member Dudley speaks
EURUSD 11/17/2011 - daily | EURUSD 11/17/2011 - H4 |
Disclaimer : The published analysis, market commentary, trading signals and transactions have no advice for the purposes of the Securities Exchange Act and does not constitute an offer or solicitation to buy, hold or sell securities, or derivatives thereof After a series of inner rods, which could hold just over two weeks under a 61.8% Fibonacci level, the British pound is its downtrend against the U.S. dollar continued initially. With yesterday's "closing price" of the outbreak took place in the range of the outer rod, which extends from 1.5890 to 1.6092 USD and the candle in the day 01.11. is seen. During today's Asian session, the prices initially fell further to clearly and finally passed the 1.58 mark it. Finding the market here is no support, the next possible support in the range of $ 1.57 identify. Several points of support at this price brand, first talk to a certain strength. Impetus for the further price development and increased volatility are possible today with the following economic and speech events:
10:30 GB November employment data
11:30 GB BoE's King says President
11:30 GB Bank of England Inflation Report (BoE)
14:30 U.S. consumer prices in October
15:15 U.S. capacity utilization
15:00 U.S. International Capital Flows September
15:15 U.S. industrial production in October
16:30 U.S. EIA oil market report (week)
GBPUSD 16.11.2011 - daily | GBPUSD 16.11.2011 - H4 |
Disclaimer : The published analysis, market commentary, trading signals and transactions have no advice for the purposes of the Securities Exchange Act and does not constitute an offer or solicitation to buy, hold or sell securities, or derivatives thereof From the market point of view and based on the daily charts, the British pound is against the U.S. Dollar in a downtrend. The recent correction phase ended with a first reversal bar in the area of the 61.8% Fibonacci level at 1.6165 USD. This signal was also confirmed in the course then, when prices traded below the low of the reversal bar - a sustained downward movement but remained out of date. Instead, followed a series of internal rods, which are USD from 1.6092 to 1.5890 in the range of the outer rod 01.11. and continued until last Thursday to move. In addition to the still valid reverse bar in the daily chart is now in the child-H4 chart another reversal signal in the form of a 1-2-3-reversal and confirmed at least at this level, the downward trend. Impetus for the further price development and increased volatility are possible today with the following economic and speech events:
10:30 GB producer prices in October
15:55 U.S. November Consumer Sentiment University of Michigan
19:15 U.S. FOMC Member Yellen speaks
GBPUSD 11.11.2011 - daily | GBPUSD 11.11.2011 - H4 |
Disclaimer : The published analysis, market commentary, trading signals and transactions have no advice for the purposes of the Securities Exchange Act and does not constitute an offer or solicitation to buy, hold or sell securities, or derivatives thereof With a very dynamic downward movement, the euro has broken on Wednesday a series of internal rods down and marked the day's low at $ 1.3522 after all. Thus, the price is now significantly below the 61.8% Fibonacci level, based on the recent appreciation in the period October this year. The current constellation in the daily chart favors from the market point of view now, first the continuation of the downtrend. Possible support base for corrections, are found primarily in the first round course brands including 1.35 and 1.34 and 1.33 U.S. dollars. Impetus for today's trading and increased volatility are possible with the following economic and speech events:
10:00 EU ECB Monthly Reports
14:30 U.S. trade balance September
14:30 U.S. import prices in October
14:30 U.S. Weekly Jobless Claims (week)
16:40 U.S. FOMC Member Evans speaks
17:45 U.S. Fed Chairman Bernanke speaks
19:15 U.S. FOMC Member Yellen speaks
20:00 U.S. state budget in October
EURUSD 10.11.2011 - daily | EURUSD 10.11.2011 - H4 |
Disclaimer : The published analysis, market commentary, trading signals and transactions have no advice for the purposes of the Securities Exchange Act and does not constitute an offer or solicitation to buy, hold or sell securities, or derivatives thereof The euro market is from a technical perspective and based on the daily charts in a downtrend. After a sharp counter-movement to well below 50% mark for the last correction phase, consolidated the euro against the U.S. dollar since last week, sideways and now has a series of internal staffs trained. The corresponding outer bar represents the daily candle from 01.11. is, the range 1.3871 to 1.3608 USD was not yet overcome the long term. As long as the opening and closing prices remain on a daily basis within that range, there are still dealing with inner rods, which can typically be tenacious and are characterized by constantly changing trade directions (doji) and false breakouts from the range of the outer rod. Thus only could indicate a closing price outside this range the rest. Impetus for today's trading and increased volatility are possible with the following industry events:
10:30 U.S. economy sentix Index November
11:00 EU Retail September
12:00 U.S. manufacturing prod. September trade
EURUSD 07/11/2011 - daily
Disclaimer : The published analysis, market commentary, trading signals and transactions have no advice for the purposes of the Securities Exchange Act and does not constitute an offer or solicitation to buy, hold or sell securities, or derivatives thereof The British pound is against the U.S. dollar in the correction phase of a downward trend and reached the previous week at $ 1.6103, the 61.8% Fibonacci level, based on the latest phase of movement in the daily chart. An attempt to break above this level, ended last Monday, finally with a downward reversal bar, which may signal the end of the correction phase. A confirmation of this signal is still pending before the currency pair is trading below the lows in the course of the reversal bar at $ 1.5965. Impetus for today's trading and increased volatility are possible with the following industry events:
10:30 GB CIPS purchasing managers' index in October
10:30 GB 3rd GDP Quarter
15:00 U.S. ISM Index October
GBPUSD 01.11.2011 - daily
Disclaimer : The published analysis, market commentary, trading signals and transactions have no advice for the purposes of the Securities Exchange Act and does not constitute an offer or solicitation to buy, hold or sell securities, or derivatives thereof