August 2013 Blog Posts (59)

GBP/USD: review

GBP/USD: review



1. Fundamental data



Due to the Head of BOE speech the pair GBP/USD has slightly decreased. Mark Carney has stated that interest rate will be raised if the unemployment rate exceeds the level of 7%. He also announced that the government can start a new round of monetary easing if economic indices drop down.

Yesterday the pair was under pressure of the Syrian conflict. David Cameron has convened urgent meeting of the House of Commons to… Continue

Added by AlexanderLF on August 30, 2013 at 3:37pm — No Comments

USD/CAD: GDP data release will weaken “loonie”

USD/CAD: GDP data release will weaken “loonie”



1. Current trend



Yesterday the pair USD/CAD has risen by 70 points, had met a resistance at the upper line of “Bollinger Bands” indicator and couldn’t overcome the level of 1.0542. Now the price chart is moving towards middle MA of the indicator (1.0504). Fundamental data affecting the movement of the currency will be Canadian GDP data and US stats publication. At the beginning of the American session personal… Continue

Added by AlexanderLF on August 30, 2013 at 3:23pm — No Comments

Brent: review

Brent: review



1. Current trend



Rate of the Brent couldn’t stay long at the six-month highs and started to fall. NATO will probably give up the intention of military intervention to Syria; this decision makes crude oil cheaper. Britain Parliament declined the proposal of Prime Minister David Cameron to get involved with Syrian conflict. Yesterday Barak Obama announced that USA didn’t come to a conclusion concerning chemical weapon attack in Damascus. Earlier… Continue

Added by AlexanderLF on August 30, 2013 at 3:19pm — No Comments

GBP/USD: analysis and forecast

GBP/USD: analysis and forecast



1. Current trend of GBP/USD



On Wednesday the pair GBP/USD has hit three-week lows at 1.5428. However the speech of Mark Carney helped the Pound to rise again. Head of BOE announced that British economy is recovering but it may take three years for the unemployment rate to decrease down to 7%. After the announcement the pair has gained 100 points and gone up to the level of 1.5540. Today the pair returned to fall once again:… Continue

Added by AlexanderLF on August 29, 2013 at 3:18pm — No Comments

EUR/JPY: technical analysis

EUR/JPY: technical analysis



1. Current trend



At the end of the last week the pair has reached one-month highs at the level of 132.40. This week the pair has returned to the downward movement and on Tuesday during Asian session has dropped down to the 129.80.EUR/JPY is trading now within a range 130.00-130.50 under the level of 50.0% of Fibonacci lines, which becomes a strong resistance level.

Stochastic is above MA and gives a signal to sell. MACD… Continue

Added by AlexanderLF on August 29, 2013 at 3:14pm — No Comments

XAG/USD: technical analysis

XAG/USD: technical analysis



1. Current trend



Yesterday morning Silver has once again reached four-month highs. After that we witnessed a correction down to the level of 23.6% of Fibonacci lines, the level prevented further fall. The commodity is testing now the level of 23.90. Next support levels will be at 23.40, 22.90, 22.60 and 22.00. Resistance levels are 24.25 and 24.60, and the key level at 25.00, of which the price can rebound.

Indicators give us… Continue

Added by AlexanderLF on August 29, 2013 at 3:06pm — No Comments

Forex4you Technical Analysis 28 August 2013

EUR/USD: signs of continuation higher

EUR/USD is looking more bullish after yesterday's break higher which cancelled out the possibility of a head-and-shoulders reversal pattern forming at the highs. Now a move above the 1.3409 highs would confirm a continuation higher, with a target at the R1 monthly pivot at 1.3508. The original break above the major trend-line which occurred on the 15th was…

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Added by LigaForex on August 28, 2013 at 5:11pm — No Comments

Is Eurozone Crisis Over?

As reported by Market Leader (US)

They say the eurozone is gradually coming out of the continued crisis and economic recession. More and more analysts seem to be changing their 5-year habit of giving gloomy prediction and doomsday scenarios when it comes to the eurozone and its common currency.



Still the sudden optimism looks unconvincing since there have been no major economic changes in the eurozone. Where does this…

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Added by Evgeny on August 27, 2013 at 10:03pm — No Comments

Forex4you Technical Analysis 27 August 2013

AUD/USD: Reaching major support

The aussie's short-term down-trend has reasserted itself. The latest move lower, however, lacks momentum. Nevertheless it could slide lower to perhaps 0.8880, with a break below 0.8930 providing confirmation. Further downside will be impeded, however, by support from an old trend-line at the 0.8930 lows, which will be difficult to break below, and it is very…

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Added by LigaForex on August 27, 2013 at 5:13pm — No Comments

GBP/USD: the pair is preparing to break through 1.5490

GBP/USD: the pair is preparing to break through 1.5490



1. Current trend of GBP/USD



Since last week the pair has been within downward correction, which had been provoked by the FOMC Minutes publication. ThisTuesday Pound has already lost more than 150 points. Even positive GDP data from UK couldn’t stop the fall. According to the preliminary forecasts, GDP will rise up to 0.7% exceeding the expectations. There are no important releases in trader’s calendar for… Continue

Added by AlexanderLF on August 27, 2013 at 3:05pm — No Comments

Forex: Ichimoku Clouds. Review of AUD/USD

Forex: Ichimoku Clouds. Review of AUD/USD



AUD/USD, H4



On the four-hour chart Tenkan-sen line is above Kijun-sen line and they are both directed steeply downwards. Chinkou Span is below the price chart, current cloud is descending. Despite Golden Cross formation the pair went down, breaking through levels of Tenkan-sen and Kijun-sen lines. The nearest resistance level is the blue line at 0.9000. One of the previous minimums of Chinkou Span line is expected to… Continue

Added by AlexanderLF on August 27, 2013 at 2:20pm — No Comments

GPB/USD: further fall is expected

GPB/USD: further fall is expected



1. Current trend



UK GDP data released on Friday were better than expected. Quarter index has risen up to 0.7% against predicted 0.6%, and annual index has risen up to 1.5% against 1.4%. Favorable data on export and manufacturing sector have also been published last week. All those factors pushed the pair up, it overcame the level of 1.5600, and reached the point of 1.5636, but several hours later bounced back to the level of… Continue

Added by AlexanderLF on August 26, 2013 at 3:22pm — No Comments

Brent: Review

Brent: Review



1. Current trend



Rate of crude oil Brent has almost reached the level of $111.20 per barrel, which is the highest point for the 5 months — last time the instrument had reached this point on the 2nd of April 2013.

Last Friday Brent went up due to the unstable situation in the Middle East. Israel air force has bombarded Beirut territory in retaliation for the attack from Lebanon. Investors are concerned about the supply disruptions.

The… Continue

Added by AlexanderLF on August 26, 2013 at 3:03pm — No Comments

Forex4you Technical Analysis 26 August 2013

EUR/USD: consolidating above trend-line

The eurodollar pair is consolidating just above a major trend-line. Although it temporarily broke higher on Friday it failed to follow through and has instead continued trading sideways. If it remains above the trend-line it will probably eventually breakout higher and full-fill its upside target initially by reaching 1.3508 and then eventually probably…

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Added by LigaForex on August 26, 2013 at 2:42pm — No Comments

Forex4you Technical Analysis 23 August 2013

AUD/USD: Bounce unfolding

The aussie has bounced from support from an old trend-line and the S2 weekly pivot at around 0.8990 level. There will probably be a recovery from this level and a break above the 0.9042 highs would signal further upside to the next target at 0.9160, which is where the 50-day MA is situated. Of course there is the possibility of more downside first although overall I'm…

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Added by LigaForex on August 23, 2013 at 5:39pm — No Comments

GBP/USD: general analysis

GBP/USD: general analysis



1. Current trend



At the opening of European trading session GBP/USD rate has slightly rose and reached the lower boundary of the ascending channel. Today the data on a number of approvals for mortgage lending and GDP in UK will become known. According to experts forecast gross domestic product will retain the increase of 0.6%, number of approved mortgage lending will increase by 1.5 thousand. These facts can add momentum to the pair… Continue

Added by AlexanderLF on August 23, 2013 at 3:34pm — No Comments

USD/CAD: technical analysis

USD/CAD: technical analysis



1. Current trend



Look at the daily chart of the currency pair USD/CAD. The pair has been in the large ascending channel with the long-term corrections. The pair had repeatedly tried to break down the lower limit of the channel, but did not succeed. After that the pair rebounded sharply and is now trading at the level of 1.0550. Similar leap took place about two months ago. This time the pair reached the upper limit, but failed to… Continue

Added by AlexanderLF on August 23, 2013 at 2:46pm — No Comments

NZD/USD: the fall will continue

NZD/USD: the fall will continue



1. Current trend of NZD/USD



This week the NZD/USD has hit three-week lows at 0.7800. The fall was determined by the RBNZ decision. National banks are to limit mortgage lending in order to reduce price bubble in real estate. Under additional pressure from FOMC Meeting Minutes Kiwi went further down. FRS announced the start of the curtailment of the QE program at the end of the year. The pair still has a potential to downward… Continue

Added by AlexanderLF on August 23, 2013 at 2:42pm — No Comments

Why Consider Trading Binary Options In MetaTrader 4?

 …

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Added by Michael Markarian on August 23, 2013 at 4:00am — No Comments

AUD/USD: analysis and forecast

AUD/USD: analysis and forecast



1. Current trend of AUD/USD



This Wednesday the pair AUD/USD has hit three-week lows at 0.8930 reacting to the FOMC Meeting Minutes release. The majority of the Comittee shared the opinion that QE program can be curtailed at the end of the year. Thursday morning the pair has won back its positions due to positive statistics from Heavenly Empire. China manufacturing index has overcome the level of 50 points first time for 4… Continue

Added by AlexanderLF on August 22, 2013 at 4:32pm — No Comments

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