A business approach to the EURUSD pair. We discuss analysis methods for this currency pair, advisors, indicators (we correct errors and refine them) - page 5
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I think it's going to be a bit of a bumpy back and forth, like "...". in a hole". Within plus/minus 30/40 pips.
Alternatively. The Euro could be slightly higher so that by tomorrow's news from the slide it will be "shvydder" to go down.
Ну вот, как и предполагал тех. анализ (по всем долларовым инструментам нарисовались каналы вниз на укрепление доллара) новости по доллару вышли положительные, внимание вопрос что первично новости или тех. анализ?
Sometimes it seems as if the news itself adapts to the technical analysis. Well, if you use the technical analysis correctly of course! =)
Well, as expected by the technical analysis (all dollar instruments have downward channels for dollar strength) the news on the dollar is positive, but the question is what is primary, the news or the technical analysis?
>> A comprehensive approach is primary.
Now in the news at 13:30(GMT) to hit 1.4185 and run to 1.4085.
place your bets gentlemen.
We have to wait.
VTB
The price of September 2009 Brent crude oil futures continued to move in a narrow corridor of $73.5-$74, with the upper bound of $74 being reached by the price only 6 times in 2 days, while the level of $73.3 was tested and sometimes seriously pierced much more frequently. Nevertheless, the price is kept in a very narrow corridor, which keeps the situation as it is, and there are still high chances for the price to continue falling down, due to the reversal at the level of 75$.
BRNU9 (AVG)
The Dow Jones index made a comeback to the level of 9300 points, from which the rebound took place, and as usual, this happened in the last half an hour of trading. Also we can talk about reaching the lower boundary of the channel. A black umbrella was formed on the daily chart, repeating the situation of 05.08, and combined with the white candlestick of 07.08, we can talk about a harami pattern. The technical situation again speaks in favour of a decline, and in the near future we can expect a fight for the level of 9300 points and a decline into the corridor of 9300 - 9200 points.
The Eurodollar(EURUSD) did not make a corrective return above 1.4200, only attempting to go higher, briefly hitting 1.4213. The consequent decline was in line with the forecast, a delay and rebound followed from 1.4100. The correction turned out to be significant, reaching 1.4180. This movement can be explained by the achievement of the traded levels in the corridor, among which 1.4150 is a support. In the nearfuture, we can expect a new downside phase through this level with the same target at 1.4013.
If we try 1.4145 from the bottom up buy
No, then we should definitely salt it.
1.4100 also looking at
If we don't touch 1.4080 today, I will cover a short position. May reverse upwards. I will wait for the close of the day. And tomorrow is an important foundation.
Attention everyone!
The European indices (Dax, Futsi) and the Dow seem to be correcting (up) after a strong move.
Not a bad opportunity, almost guaranteed, to make some profit.
Tomorrow morning I also expect a small gap up in the European indices at the open.
З