EUR/USD-lack of drive, in euro, US dollar looks at full throttle ...

Dollar fell to a different day against the euro and the yen before reports this week that may show United States housing market remains fragile, add to the signs that growth in the world's largest economy is declining. Anthony Boyajian
21 September 2010 print this article

The dollar fell for a second day against the euro and the yen before reports this week that can display the u.s. housing market is still fragile, add to the indications that the growth of the world's largest economy takes the American currency. approaching a six-week low versus the euro on the concern of the Central Bank will today confirm its promise to keep interest rates low for a "grace period" and the signal is open for increasing debt purchases. Yuan climbed to the highest level since 1993, after the President Barack Obama criticized China for not letting currency strength.

Trading Tactics

A lack of swing pattern could be an opportunity to sell EUR/USD.

A buyer point is on the 1.3180; former opposition is to take the profit on the 1.3310; The pivot point is the stop loss at 1.3075

A selling point is on the 1.3075;Fibonacci 38.2% is the take profit of 1.530;The pivot point is the stop loss at 1.3160

Technical: Euro constitutes a lower resistance and can start a minor downtrend.A lower back move could configure a test of 1.2960

To strengthen our analysis; we use many other indicators, starting with the MACD (moving average convergence divergence); MACD crosses the signal line we note down. momentum and RSI (Relative Strength Index) is in a downtrend; Stochastic oscillator is in bearish direction.

* 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
21 September 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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USd/JPY-failure to drive in the US dollar looks JPY at full throttle.

The Bank of Japan's tankan survey will probably show a slower pace of improvement in business confidence, adding to pressure on decision-makers to counter gains in yen by injecting more cash in the economy. Anthony Boyajian
27 September 2010 print this article

Bank of Japan Tankan survey will probably show a slower pace of improvement in business confidence, adding to pressure on decision-makers to counter gains in yen by injecting more cash in the economy. A quarterly index of emotions on major manufacturers increased by 6 points in September, at least since March 19, 2009, according to economists surveyed by Bloomberg News median forecast.

Trading Tactics

A clear downtrend could be the opportunity to sell USD/JPY.

Point the buyer is on the 84.85; former opposition is take profit on 86.00; Fibonacci, 50% is the stop loss by 84.40

Selling point is on the 84.17;previous support is the take profit of 83.50;Fibonacci 38.2% is the stop loss by 84.75

Technical:USD/JPY forms a lower resistance level and continue the great downtrend.A lower back move could configure a test of the 83.50

To strengthen our analysis; we use many other indicators, starting with the MACD (moving average convergence divergence); MACD crosses the signal line we note down. momentum and RSI pointing downward. stochastic oscillator is in bearish direction.

* 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

USD/JPY (per hour chart)

Finotec Analysis Team
27 September 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