USD runs out of steam as the euro is expected to continue

This suggests that U.S. interest rates is likely to remain lowTammy Wally
18 October 2010 print this article

On Friday morning, EUR/USD traders count to the publication of a speech by Chairman Bernanke, the Fed. Bernanke stated that a low level of inflation was an important issue. This suggests that U.S. interest rates is likely to remain low for a very long period.Bernanke traveled even the question of a possible amendment of the wording to indicate that the Bold intends to keep rates lower, longer than the markets are expecting.Cross saw THE EUR/USD at up to the range of 1.4150, following the publication of the speech. data of United States was mixed with slightly lower-than-expected inflation, but the NEW Bold investigation and retail sale came out better than expected. Mid-morning American data (Michigan consumer confidence and Business inventories) was too close to the expectations that have no impact on EUR/USD trading.

A clear uptrend could be a possibility to buy EUR/USD.

A buyer point is on the 1.4101;previous high is the take profit 1.4150; formerly support is stop-loss 1.3.900

A selling point is on the 1.3770;previous support is the take profit of 1.3635;The pivot point is the stop loss at 1.3860

Technical: Euro breaks the former resistance level upwards and can continue the great uptrend.

To strengthen our analysis; we use many other indicators, starting with the MACD (moving average convergence divergence); we notice the histogram MACD has a bearish direction; RSI (Relative Strength Index) and the momentum is in an uptrend; stochastic oscillator provides an offensive signal.

* Analysis is for information purposes only and does not constitute advice in any form. trading of financial products provides a high degree of risk to your capital and it is possible to lose more than your original investment.

By Finotecs professional analyst,

dealingdesk@finotec.com

Finotec Analysis Team
18 October 2010
Market review and analysis of the content on this site, including news, quotes, data and other information must be provided for your personal information only and is not intended as a recommendation for trading purposes, the content on this website does not provide any form of advice (investment, tax and legal) amounting to investment advice or recommendations regarding particular financial instruments, investments or products. Finotec does not provide investment advice or recommendations to buy or sell securities.

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EUR/USD-euro dollar slows down which, continue to accelerate the

Euro decreased from a six-month high against the dollar as the concern of the European Nations public debt reduced demand for the region's assets.Anthony Boyajian
04 October 2010 print this article

Buy a break on the resistance level of 1.3800Sell a break on the support level at 1.3700Buy a pause at the resistance level of 1.3820Sell a break on the support level at 1.3650Sell a failure to break the resistance 1.3800

Basic

The euro fell from a six-month high against the dollar as the concern of the European Nations public debt reduced demand for the region's assets.The single currency fell against 13 of the 16 major counterparts after the Financial Times reported on Ireland's budget deficits this year will be higher than the previous forecast and Nobel Prize-winning economist Joseph Stiglitz said of the future "looking bleak."

Technical

Technical analysis shows the euro can continue its uptrend. We note the demand on the market by means of indicators such as MACD, which shows the strength of the market. RSI is in an uptrend. Bollinger provides an offensive signal by closing the candle above middle band.

EUR/USD (daily chart)

The primary trend break the trend line up.

EUR/USD (4-hour chart)

The couple would continue the great uptrend.

EUR/USD (per hour chart)

The less bounces on the standard error channel trend line.

Resistance

1.3800 1.3820

Support

1.3700 1.3650

Finotec Analysis Team
04 October 2010
Market review and analysis of the content on this site, including news, quotes, data and other information must be provided for your personal information only and is not intended as a recommendation for trading purposes, the content on this website does not provide any form of advice (investment, tax and legal) amounting to investment advice or recommendations regarding particular financial instruments, investments or products. Finotec does not provide investment advice or recommendations to buy or sell securities.

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EUR/USD USD running out of steam as the euro is expected to continue

Dollar traded near a 15-year low against the yen tekstombrydningsfunktionen growing expectations it will extend credit easing steps to maintain THE U.S. recovery.Anthony Boyajian
07 October 2010 print this article

The dollar traded near a 15-year low against the yen tekstombrydningsfunktionen growing expectations the Federal Reserve will extend credit easing steps to maintain THE U.S. recovery.The euro was close to an eight-month high against the greenback as yields on Treasury securities traded near the benchmark at least since January 2009 and before data forecast shows a deteriorating U.S. job market.The Australian dollar approached a record after a Government report showed the nation added more jobs than economists expected. "There is no clear evidence that the decline in U.S. yields will stand as economic data continues to be the worse, "said Tomohiro Nishida, a Tokyo-based foreign currency dealer on the Chuo Mitsui Trust & Banking Co., a unit of Japan's seventh largest banking group."This will weigh heavily on the dollar. "

Trading Tactics

A clear uptrend could be a possibility to buy EUR/USD.

A buyer point is on the 1.3949; Pivot point is the take profit of 1.4040; formerly support is stop-loss 1.3.900

A selling point is on the 1.3820;Fibonacci 38.2% is the take profit of 1.3700;The pivot point is the stop loss at 1.3880

Technical:Euro breaks the former resistance level upwards and can continue the great uptrend.A back higher move could configure a test of 1.4040

To strengthen our analysis; we use many other indicators, starting with the MACD (moving average convergence divergence); we notice the histogram MACD has a bearish direction; RSI (Relative Strength Index) and the momentum is in an uptrend; stochastic oscillator provides an offensive signal.

* Analysis is for information purposes only and does not constitute advice in any form. trading of financial products provides a high degree of risk to your capital and it is possible to lose more than your original investment.

By Finotecs professional analyst,

dealingdesk@finotec.com

EUR/USD (per hour chart)

Finotec Analysis Team
07 October 2010
Market review and analysis of the content on this site, including news, quotes, data and other information must be provided for your personal information only and is not intended as a recommendation for trading purposes, the content on this website does not provide any form of advice (investment, tax and legal) amounting to investment advice or recommendations regarding particular financial instruments, investments or products. Finotec does not provide investment advice or recommendations to buy or sell securities.

View the original article here