日本語
Español
中文
- New York 16:33
- London 21:33
- Barcelona 22:33
- Tokyo 06:33
- Sydney 08:33
11
0
Currency Technical Report
Wed, Nov 19 2008, 09:29 GMT
by George Antonakos
EUR/USD
Resistance: 1,2640-45/ 1,2690-00/ 1,2800/ 1,2850-55/ 1,2930
Support: 1,2610-15/ 1,2550/1,2500-10/ 1,2450/ 1,2380/ 1,2330-40/ 1,2250/ 1,2200/ 1,2140-50 
Comment: There seems to be a calm before the storm in the forex market these last few days, as basic currencies move within a tight range. There are no signs indicating the break yet. The current outlook doesn’t allow us to set clear ranges for the exit of the consolidation. The ranges of the wider formation are set at 1,3080-3100 and 1,2350-80, while the ranges for the short term consolidation would probably be between 1,2680-00 and 1,2550-80 area.
Above 1.2700, interim resistance is found at 1,2760 and 1,2850-80, while to the downside, support emerges at 1,2500-10 and 1,2430-50. The reaction in the Bollinger Bands in the daily chart may give some signs regarding the longer term..
For now, we will follow the tight consolidation and wait for exit signs…
STRATEGY: Buy opportunities emerge at 1,2560-80 according to the consolidation, while sell orders could be tried at 1,2720-40. The best strategy, until we see a clear sign, would be to stay out in such uncertain market conditions…
As always, we keep our positions small, due to high volatility…
Published on Wed, Nov 19 2008, 09:36 GMT
Archive
- Currency Technical Report
Published On Thu, Nov 5 2009, 12:52 GMT - Currency Technical Report
Published On Mon, Nov 2 2009, 12:37 GMT - Currency Technical Report
Published On Fri, Oct 30 2009, 11:20 GMT - Currency Technical Report
Published On Mon, Oct 26 2009, 11:32 GMT - Currency Technical Report
Published On Fri, Oct 23 2009, 11:35 GMT
FXGreece
| 98 Vouliagmenis Ave. Glyfada Athens
http://www.fxgreece.gr/ | trading@fxgreece.gr
Legal disclaimer and risk disclosure
- The details and information included in the provided analysis, are part of research based exclusively on currency charts and are of purely instructional and educational nature. None of the information featuring in the analysis can be considered as an invitation for opening positions in FOREX market or in the market of forward contracts or any securities listed on an organized or unorganized market.
- We assume no responsibility for any kind of losses ,profits or property loss resulting, in whole or in part, from acts that are based either directly or indirectly on the processing or the use of information, details and strategies, the reader may find in the analysis. The readers hold full responsibility for the use and the results of their actions.
- The recipients of the analysis must acknowledge and accept that investment choices of any kind, especially concerning the FOREX market, contain risks (high, low and occasionally zero) of reduction or even loss of their investment. Therefore, they should always be cautious prior to any kind of action.
- We reserve the right to change the terms and the characteristics of the analysis.
- The contents of the analysis are solely intended for personal use. They may not be retransmitted, reproduced, distributed, published, adapted, modified or assigned to third parties in any way whatsoever. Anyone having access to them is required to comply with the law provisions on the protection of third party intellectual property rights.
Related reports
FX View - Headline unemployment rate creates dollar shocker by Interactive Brokers LLC
Fri, Nov 6 2009, 18:41 GMT
Forex Daily Overview - USD mixed, unemployment rises to 10.2% by Easy Forex
Fri, Nov 6 2009, 18:31 GMT
Forex Daily Analysis - USDJPY is moving towards support level at 89.55 by Investija.com
Fri, Nov 6 2009, 14:35 GMT
Forex Technical Report - U.S. Markets Brace for Jobs Data by ForexHound.com
Fri, Nov 6 2009, 13:29 GMT
Forex Technical Report - Dollar Trading Lower Ahead of U.S. Jobs Data by ForexHound.com
Fri, Nov 6 2009, 13:19 GMT
Related content
Forex: EUR/USD: Euro post weekly gains
FXstreet.com | Fri, Nov 6 2009, 22:49 GMT
CURRENCIES: Dollar Dips Vs. Yen As Jobs Data Have Fed On Hold
Dow Jones | Fri, Nov 6 2009, 22:14 GMT
U.S. markets ended with small gains, up for the week; Dollar mixed
FXstreet.com | Fri, Nov 6 2009, 21:32 GMT
CURRENCIES: Dollar Dips Vs Yen As Jobs Data Has Fed On Hold
Dow Jones | Fri, Nov 6 2009, 20:25 GMT
CURRENCIES: Dollar Index Dips After Job Data Keeps Fed On Hold
Dow Jones | Fri, Nov 6 2009, 17:36 GMT
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.