Кино oнлайн Голосов: 1 Адрес блога: http://protelemag.ru/load/ Добавлен: 2011-09-28 02:02:58 блограйдером petol

EUR/USD Intraday Technical Analysis and Trading Recommendations for October 30, 2012

2012-10-30 19:28:58 (читать в оригинале)

The EUR/USD market has been bearish for the last couple of weeks since finding resistance near 1.3140.
The EUR/USD pair attempted to push lower last week, but found a good support at the lower limit of the bullish channel depicted on the DAILY chart above and failed to close outside/below the lower limit giving a bullish hammer daily candlestick. However, yesterday, the pair expressed obvious bearish daily candlestick closure outside the channel, although it failed to break the low of Friday's daily candlestick.
If the market consolidates above 1.2875, it respects the trendline. However, a clear break below 1.2850 is likely a confirmed break of the trendline.
The bias is bullish in the short term, especially if price is able to make a clear break above 78.6% Fibonacci Level around price level of 1.3015 allowing the pair to reach 1.3070 initially.
The H&S bearish scenario (4H chart) also remains intact; but an obvious break back below 1.2950 is needed to continue the bearish pressure retesting the lower limit of the bullish channel and 1.2900 Price Zone.

The material has been provided by Instaforex Company - instaforex.com

---

USD/CAD Intraday Technical Analysis and Trading Recommendations for October 30, 2012

2012-10-30 19:27:17 (читать в оригинале)

 

Last week considerable bullish price action was expressed towards 0.9770 (the newly established ascending bottom) which was considered to be a quite strong bullish manifestation.
Price zone 0.9820 - 0.9850 is now considered to be an Intraday Support zone. In order to resume the targets for the bullish patterns targeting around 0.9980 there should remain consolidating above this zone.
Price area 0.9960 - 0.9975 corresponding to the upper limit of the newly established 4H bullish channel is considered to be a strong Intraday Resistance zone where a bearish retracement would probably take place towards 0.9820 - 0.9850 before further continuation of the bullish movements.

 

Although, the USD/CAD pair broke above this zone reaching 1.0000 - 1.0025 zone, the pair seems to be overbought and bearish retracement is highly expected towards 0.9970 where price action should be carefully watched.

The material has been provided by Instaforex Company - instaforex.com

---

GBP/USD Intraday Technical Analysis and Trading Recommendations for October 30, 2012

2012-10-30 19:24:50 (читать в оригинале)

GBP/USD expressed daily closure below the lower limit of the depicted bullish channel which extended the bearish movement towards 1.5970; a considerable support for the pair has been provided.

Last week the lower limit of the broken DAILY channel was retested around the price zone of 1.6160 - 1.6180 triggering a suggested SELL entry which hit its full target at 1.5930.

As it was expected, strong bullish rejection was expressed on testing 50% Fibonacci around 1.5930 which provided a valid low risk BUY entry.

The upper limit of the depicted 4H channel around 1.6140 (an Intraday Resistance Level) was re-tested last week showing a significant bearish price action so far. Although, SELLING was considered risky due to the strong bullish rejection manifested around 1.5930, a small lot SELL entry was trigerred off 1.6140 with tight SL placed above 1.6180.

Profits should be partially taken with considering the following support and resistance levels. 

Support: 1.6060, 1.6020, 1.5960, and 1.5920.
Resistance: 1.6125, 1.6175, and 1.6260.  

The material has been provided by Instaforex Company - instaforex.com

---

Fundamental Analysis For October 30, 2012

2012-10-30 19:22:25 (читать в оригинале)

 

On Tuesday the European currencies have recovered positions against the dollar. European stocks rose driven by Spain's preliminary GDP reflecting a level of recession slightly better than expected, and Italian borrowings costs dropped at an auction of five and 10-year debt as investors shrugged off a threat by former premier to topple Monti’s government.
The New York Stock Exchange remains closed for a second day due to weather. The most important report of the day, the consumer confidence data released by the Conference Board, has been postponed.
The European session provides some interesting movements of the euro, which is recovering from the 1.2880 support. The crossover that joins the dollar has its first resistance in a downtrend line; it passes through the high of the day, 1.2960. If it is broken, according to the time and RSI indicators, it could lead to the 1.30 area in the coming hours.
Sterling also regains ground right now; it is away from 1.6020, a minimum touched early. Its trend is up against the dollar, and it may reach the area of 1.61 during this session.
The lowdown, however, is provided by the yen. The Bank of Japan announced its monetary policy, as well as an injection of local currency that was well below market expectations. The yen gained strength immediately (which technically was looming on Monday, with a break of uptrend line at 79.70), and goes back to the 79.10 area, first holder of importance. The USD/JPY pair also offers a turnaround figure – “head-and-shoulders”, which has its goal in the 78.80 area.

The material has been provided by Instaforex Company - instaforex.com

---

EUR/USD Buy Above Trendline For October 30, 2012 (Daily Strategy)

2012-10-30 18:47:11 (читать в оригинале)

 

The EUR/USD pair has formed a series of secondary trendlines and has been testing the primary uptrend line. The euro is certainly a market consolidation. It seems that we will not stay long in this pattern; the Spanish government still has to ask for a bailout, as it is expected, and secondly, the Federal Reserve announced a third round of quantitative easing. It creates more uncertainty.
At the technical level, on the chart we can see that the euro is above its uptrend line and above the 200 day moving average periods (Blue); it increases the probability of an upward movement. Therefore, we recommend buying above 1.2967, weekly pivot level or if there is a return to the trend line, buy at a low price 1.2910.
Taking into account the current situation I suppose that if the euro continues with the consolidation in the coming weeks, then a fall to 1.25 will be triggered. I see it as a probable scenario; I expect a weekly close below 1.2750 to sell this pair.

 

 If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com

If you like my technical analysis, please vote for me, in the portal MT5.com, please login and then vote for me. Thanks.

The material has been provided by Instaforex Company - instaforex.com