Weekly Forex Signals

10

1
USD takes full advantage of worn−out Euro
Mon, Jun 22 2009, 10:46 GMT
by Benny Menashe
Finotec Group Inc.
| Buy a break of resistance level at 1.3920 | Sell a break of support level at 1.3800 |
| Buy a break of resistance level at 1.4015 | Sell a break of support level at 1.3725 |
| Buy a bounce at 1.3800 | Sell a failure of breaking the resistance 1.3920 |
Fundamental
Analyst forecasts about the dollar have become the most scattered in two years, driving up foreign- exchange price swings and increasing risks that trading strategies and corporate hedges will backfire. Redtower Asset Management, an Aberdeen, Scotland, investment adviser, sees the currency strengthening to $1.16 per Euro by year’s end, from $1.3906 today, as the world economy recovers from the first global recession since World War II. Standard Chartered Plc predicts a more stable economy will weaken the dollar to $1.55 as the Federal Reserve keeps its benchmark interest rate near zero to sustain growth, prompting investors to sell greenbacks for higher-returning assets.
Technical
Technical analysis shows the euro may continue its downtrend as MACD giving us a selling signal by crossing the signal line to MACD line downwards RSI breaks 70% line and is in a downtrend. We have strong supply in the market as stochastic shows us the market movement and Bollinger gives us a bearish signal by closing the candle below the middle band.
EUR/USD (Daily Chart)
The primary tendency form a head and shoulders formation.

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

EUR/USD (Hourly Chart)
The Minor trend breaks standard error channel lower level.

Resistance
1.3920
1.4015
Support
1.3800
1.3725
Published on
Mon, Jun 22 2009, 11:24 GMT
Archive
- USD strength appears to end as EUR benefits at 1.5000
Published On Mon, Nov 23 2009, 11:27 GMT
- Long-term objectives could see Euro rise against USD
Published On Mon, Nov 16 2009, 12:57 GMT
- Sterling regain due to little thrust on U.S. dollar
Published On Mon, Nov 9 2009, 10:08 GMT
- USD looking fragile against ineffective Yen
Published On Mon, Nov 2 2009, 09:26 GMT
- Uptrend on long term looks certain for Euro
Published On Mon, Oct 26 2009, 10:45 GMT
[ View All ]
Finotec
| Global financial trading center, 1 Grivas Digheni and Chrysanthou, 3035 Mylona P.O.B 58007, Limassol
http://www.finotec.com/ | support@finotec.com
Legal disclaimer and risk disclosure
FINOTEC Trading’s Market Commentaries are provided for informational purposes only. The information contained within these reports is gathered from reputable news sources and not intended as investment advice. FINOTEC Trading assumes no responsibility or liability from gains or losses incurred by the information herein.
Related reports
Fundamental Currencies Comments - Currencies ahead of U.S. data by ecPulse.com
Tue, Nov 24 2009, 11:34 GMT
Market Session Recaps - London Session by FOREX.com
Tue, Nov 24 2009, 11:33 GMT
Daily FX Report - The AUD/JPY fell to 81.85 and the NZD/JPY fell to 64.80 by Varengold Wertpapierhandelsbank AG
Tue, Nov 24 2009, 11:04 GMT
European Market Update - German IFO survey hits 15 month highs by TradeTheNews.com
Tue, Nov 24 2009, 11:00 GMT
Daily Trading Forecast - USD Still Waltzes to the Same Tune by Swiss e Trade AG
Tue, Nov 24 2009, 10:58 GMT
eurusd, signals
View All
Related content
U.S. 3Q preliminary GDP rises below advanced estimations; Dollar and Yen up
FXstreet.com | Tue, Nov 24 2009, 13:46 GMT
US 3Q GDP +2.8%; Less Than Earlier Estimated
Dow Jones | Tue, Nov 24 2009, 13:45 GMT
US 3Q Real Personal Consumption Expenditures increase 2.9%
FXstreet.com | Tue, Nov 24 2009, 13:35 GMT
US 3Q GDP rises 2.8%
FXstreet.com | Tue, Nov 24 2009, 13:34 GMT
CURRENCIES: Dollar Up; Euro Trims Losses On German Ifo Rise
Dow Jones | Tue, Nov 24 2009, 12:55 GMT
eurusd, signals
View All
The Trader’s Edge » EUR/USD Update
Tue, Nov 24 2009, 08:45 GMT
FX Market Readings » Volatile move Vs false move
Tue, Nov 24 2009, 07:52 GMT
FX Market Readings » Early US session
Tue, Nov 24 2009, 00:42 GMT
ForexHedge » Airbus Euro’s or Boeing Dollars ?
Mon, Nov 23 2009, 15:45 GMT
Chartology » Two Looks at the Short Term 15min EUR/USD
Mon, Nov 23 2009, 15:41 GMT
eurusd, signals
View All
Technical analysis for EUR/USD, GBP/USD - Page 5 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:07 GMT
Yellowlion's Daily EURUSD - Page 6 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:07 GMT
Elliott charts with Grega H. - Page 2 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:05 GMT
Technical analysis for EUR/USD by AceTrader - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:03 GMT
The technical analysis of majors - Page 3 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:02 GMT
eurusd, signals
View All
Outlook for the major currencies this week
Ian Copsey | Tue, Sep 30 2008, 08:00 GMT
FX Instructor Live Trading Room
Mark De La Paz | Tue, Sep 30 2008, 11:00 GMT 
FX Instructor Live Trading Room
Mark De La Paz | Wed, Oct 1 2008, 09:00 GMT
Weekly Webinar: 1st on Forex - The Week Ahead
Jerry Furst | Mon, Oct 6 2008, 16:00 GMT
Outlook for the major currencies this week
Ian Copsey | Tue, Oct 7 2008, 08:00 GMT
eurusd, signals
View All
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our
user agreement. Please read our
privacy policy and legal disclaimer.
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.