In the short term trend at the moment it is rising, as evidenced by the bullish trend basic trend lines and SATL STLM. But with regard to the direction of the line and the midline FTLM RBCI, it should be noted their obvious affection for the bears, which in principle is likely to be on hand only the bulls, as ...
Conclusion: At the moment, should search the entrances to the long positions, but after a bullish reversal line FTLM and midline RBCI.
Recommendation: You can buy above 0.7085, to sell - below 0.7010. (These recommendations - this is my personal opinion, and they do not excite to action ... for the actions taken by the trader according to the recommendations, the analyst is not responsible).
In the medium term, the trend apparently still downward. This tells us the direction of lines SATL and STLM, who confidently looks bearish direction. The line is crossed the line FTLM STLM upwards and is now trying to change its direction on the bull, which is probably happening. The middle line RBCI, who yesterday could not support it, today was extremely bullish trend, which gives not a small chance the bulls in advance. Channels on the indicator RBCI increased, suggesting an increase in volatility.
Conclusion: At the moment, it is desirable to continue to search correctional purchase.
Recommendation: You can buy above 0.7085, to sell - below 0.7010. (These recommendations - this is my personal opinion, and they do not excite to action ... for the actions taken by the trader according to the recommendations, the analyst is not responsible).
Support and Resistance in the trend lines and extrema of the last three days.
In the long term situation have not changed, while still rising, but it is only now, as if the pair did not grow at the current trading week, the trend likely will go into neutral. But it is still rising. And this tells us the direction of basic trend lines and SATL STLM. But the middle line and the line is RBCI FTLM confident look in a backhanded way, the result of which at the moment and was a strong downward movement of the tool. It should be noted the passage of the price levels that we're for it marked, and that it has reached a new level of 70-second figure, which is located just above the field in 50% Fibo of the growth of the current month of May 2010, which currently cost stopped and "rushing" up and down. The main trend line SATL, in turn, is still at the moment and a strong level of support which, as we all can see was breached, but the price to gain a foothold below and could not, that very likely could play into the hands exclusively bulls.
Conclusion: It is advisable to refrain from entering the market, or find your entry on the line reversal FTLM.
Recommendation: You can buy above 0.7085, to sell - below 0.7010. (These recommendations - this is my personal opinion, and they do not excite to action ... for the actions taken by the trader according to the recommendations, the analyst is not responsible).
Support and Resistance in the trend lines, as well as the extremes of the past three weeks.
Translate this page
The U.S. dollar rose against the Japanese yen and Swiss franc but fell against some high-yielding currencies on Friday after Federal Reserve Chairman Bernanke promised to provide further impetus for the U.S. economy, if need be. In the prepared speech at a meeting of heads of central banks in Wyoming, Bernanke said the Fed is prepared to support the weakening U.S. recovery, but said that would be taken any action. These comments provoked a rapid growth in the U.S. stock markets, which helped the euro strengthen moderately against the U.S. dollar, and New Zealand and Australian dollar rose by about 1.2%.
macroeconomics and it was another endless working week. Despite the fact that, according to rumors, 7 out of 17 participants of the last FOMC meeting have expressed reservations about further action by the Fed, the market is positioned for strong commitment by Ben Bernanke. Unfortunately, we believe that the symposium Bernanke will not say anything that will please the "bulls" on risk.
Data on applications for unemployment benefits were "better than expected, helping shares rise by a quarter per cent. Clearly, the situation deteriorates, if you fall to 473 thousand applications already causes an increase in the market. Nevertheless, the total number of applications continues to grow. Given the additional increase by $ 249 thousand, reaching nearly 10.6 million is 10.6 million applications for unemployment benefits received by every week! (Without correction, as an extraordinary and additional benefits are not adjusted for seasonality.) Risk that employment outside the agricultural private sector in August decline, growing every day.