Archive for July, 2010
Forex4you Technical Analysis 09/07/10
EUR/USD Technical Analysis The price marked the new local maximum of 1.2720/25 and is now returning down, - under the level of 1.2700. The resistance line of the ascending channel (red lines) continues to restrain the “Bull” activity, fixing the closing prices below. However, the indicators remain in the warning of a reversal or a large-scale correction to the growth of the pair. Adjustment of the long-term descending trend line (blue line) moved the key resistance to the levels of 1.2790/1.2800. The break down of this barrier, as already mentioned, will give ground for the range test of 1.2800/1.2900. Nevertheless, the divergence on MACD calls for caution and keeps open the scenario mentioned in the last comment - the breakdown of the level 1.2620/30 will mark the probability of the early price fall and the next supports will be 1.2570 and 1.2510/00. GBP/USD Technical Analysis As expected, the price made a try to keep falling but has found support at the level of 1.5100 and returned up, continuing the range trade. The indicators keep showing a certain neutrality but with the priority for the “Bear” mood. Nevertheless, the situation should be considered unclear. The side way movement, which is being observed during the week, may end either with the Bullish or the Bear scenario. In this case, the signal for growth would be a breakdown of the resistance range 1.5340/20 and for the fall, - the break down of the support interval 1.5100/1.5080. With the success of the “Bulls” - the first target is located at the level of 1.5300/20 and if the power returns to the “Bears” - the trend line of the channel (blue line) will be broken down and the support level of 1.4980/60 will be tested in the relatively near future. Analysis by: Forex4you.com written by Joaquin Monfort Forex4you analyst Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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Technical Analysis 9/07/2010 FXCBS
Friday July 9 , 2010 Previous session overview The euro against the dollar traded during the Asian session between the highest level of 1.27223 and the lowest level of 1.26742. Now the pair is currently trading around the level of 1.27152, we are expecting economic news releases from Euro Zone today. The pound against the dollar traded during the Asian session between the highest level at 1.52010 and the lowest level of 1.51319. Now the pair is currently trading around the 1.51946 level. The four hours momentum indicators show the pair is within an oversold area while the daily indicators show that the pair is within an overbought region, which may result in some volatility in the pair’s movement during today session. The dollar against the yen traded during the Asian session between the highest level at 88.702 and the lowest at 88.293. Now the pair is trading around the 88.528. Market Expectations EUR/USD : etermined indicators for the pair Euro against the U.S. dollar shows a negative sign which we can see it through four hours candlestick, which may lead the pair to decline to the level of 1.25750 to get rid of the negative signs then go back to uptrend to the target of 1.27800, stability of the level 1.25750 is necessary to achieve these expectations. GBP/USD : The pair Sterling against the U.S. dollar traded in a narrow range since yesterday , stability of trading above the moving average 50 (MA 50 ) at the price 1.51100 may lead us to save our expectations that the pair will raise to target the resistance level 1.52400 and if it can penetrate it the pair will achieve the target 1.53030. USD/JPY : Stability of the trading for the pair U.S. dollar against the Japanese Yen above the moving average 50 (MA 50) makes us expect an uptrend for today to the target of 89.100. Determined indicators shows negative signs for the pair that may lead the pair to retest the level of 88.050 before achieving the target upwards. [B][B][B][B]Senior Analyst / Ali Hasan /[URL="http://www.fxcbs.com/"]FXCBS[/URL] [URL="http://www.fxcbs.com/newsletter/daily.html"]Newsletter[/URL] [URL="http://www.fxcbs.com/"]Forex ECN Broker[/URL] | [URL="http://www.fxcbs.com/"]Currency Online Trading[/URL] | [URL="http://www.fxcbs.com/"]Low Spread[/URL] | [URL="http://www.fxcbs.com/"]Free Trading Software[/URL] [/B][/B][/B][/B]
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Forex4you Technical Analysis 08-07-10
GBP/USD: Technical Analysis The yesterday mentioned support at 1.5080/90/70 withheld the trades from sagging down and also caused the consolidation within the range of 1.5200-1.5080. The “Bulls” attempt to get the new local maximums stopped at 1.5240. The trading has came back down up to the point and is currently carried next to 1.5170/80. Both the probability of the indicators’ reversal and the hints on their intents to downgrade suggest taking with special care the degree of 1.5160/65, which an obstacle for the “Bears” on the way down and also a key rate for the continuation of the short-term move down. The breach of this obstacle will determine the next checkup of the support at 1.5080. If this rate fails to withstand for this once, it’ll be reasonable to predict the price decrease to the trend line of the upgrading channel (the blue lines), which currently coincides to 1.5030/20. The MACD divergence speaks well that there’re all chances for the implementation of the “bearish” scenario. The “Bulls” in their turn need the fixation above the resistance range of 1.5220/40 for the advance’s lasting. EUR/USD: Technical Analysis The resistance line of the upgrading channel (the red lines) properly acknowledges its present status and doesn’t allow the price to gather rapider tempos of raise. This once 1.2680/85 is a sticking point and the price has already tumbled to 1.2650/40 up to now. The indicators go ahead pointing to the reversal down. The MACD divergence enhanced, while R% tries to get out of the oversold zone. It’s obviously reasonable to consider the options of the downgrading move’s start with special care. As seems, the breach of the support at 1.2620/30 will announce the probability of the beginning of the price sagging. Occasionally, the next coming supports are going to be at 1.2570 and further at 1.2510/00 as well. Meanwhile, the situation goes on preferring the upturn. The breach of 1.2680 may cause another splash of the market activity intending to push up the price to higher rates, next to 1.2800/1.2900. At the same time for the purpose of better chances to carry out these intents, the fixation of the trades above the resistance at 1.2720/30, which currently coincides to the trend line of the long-term descendant trend (the blue line) and so may bring to naught all efforts of the “Bulls”. USD/JPY: Technical Analysis The support at 86.90/95 acknowledged its current status of the powerful obstacle. The price has rolled back upward and is currently attempting to breach 88.20, which was mentioned as a key one when considering the probability of trend’s changing at this pair. The indicators are currently changing their direction to upgrading; that in its turn speaks well for great chances for the “Bulls” to breach the checked rate. If it occurs the first target will be 89.20. Nevertheless, until the price fixation above 88.20 the “Bears” have all chances to take advantage of the current market layout; so, the sagging below 87.90/80 will prompt the price comeback to the basis of this day upturn. Analysis by: Forex4you.com written by Joaquin Monfort Forex4you analyst Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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Another Newbie from UK!
Hi All, I am new to this forum so thought to introduced here, i am nancy from UK and interested in Forum posting & Surfing internet. As i found this forum very much informative & innovative, it is great to be a part of this forum. Thanks & Keep Sharing!
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Forexpros Daily Analysis - 08/07/2010
ForexPros Daily Analysis July 8, 2010 Fundamental Analysis : German CPI European traders anticipate the publication of the German CPI. The index measures the changes in the price of goods and services. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation in Germany. A higher than expected reading should be taken as positive/bullish for the EUR (as the common way to fight inflation is raising rates, which may attract foreign investment), while a lower than expected reading should be taken as negative/bearish for the EUR. Analysts predict a future reading of 0.10%. — Euro Dollar The Euro broke the resistance specified in yesterday’s report 1.2603, and successfully reached the first suggested target 1.2681 with a very good accuracy since yesterday’s high was 1.2686. The most important technical event, was touching the top of the rising channel on the hourly chart for the third time during the Asian session, after touching it for the first time on Friday, and the second on Tuesday. We could be before an important turning point at 1.2686, but until this moment we have not got far from the top of the channel. We should carefully watch the top of this channel, which is at 1.2690 currently. We will not be able to escape the fact that a break here will be a very positive signal for both the short & medium terms. But, if we keep trading below this top, we could be facing a turning point which will probably lead to a drop of hundreds of points. Short term support is at 1.2644, and once we break it, we will start drifting away from the channel top, and will target 1.2552, and may be 1.2442. The resistance is at the channel top at 1.2690. If this broken, we will target 1.2801 first, and may be 1.2906 before the end of the week. Support: • 1.2644: Asian session low. • 1.2552: yesterday’s low. • 1.2442: May 18th high. Resistance: • 1.2690: the top of the falling channel on intraday charts. • 1.2801: May 11th high. • 1.2906: previous well known support/resistance area. — USD/JPY Our waiting finally paid, as we finally saw the Dollar/Yen sharply bouncing as we have expected, and as we have been waiting for. The Dollar/Yen broke the resistance specified in yesterday’s report 87.72, only to reach 88.44 (the high at the moment of preparing this report). This sharp bounce came as no surprise, with the consolidation around 88, and after bouncing from the support area shown on the hourly chart below, and after clearly breaking the falling trend line from June 21st top. Short term support is at 88.19, and breaking it would indicate a continuation of the drop to 87.35 & 86.47. The resistance is at 88.51, and breaking it would mean that the Dollar is about to capitalize on the break of the above mentioned trend line, which will ideally target short term Fibonacci levels: 89.20 & 89.73. This pair is going as expected, in the expected direction, and in convergence with our negative technical outlook for the medium term. We absolutely expect the fall to continue on the medium term. But we should not neglect the enormous possibilities of a bounce up targeting Fibonacci levels: a bounce is highly probable, even if it was a temp, but the trend is down without a shadow of a doubt! Support: • 88.19: Friday’s top. • 87.35: an obvious support area on the hourly chart, and Dec 9th 09 low. • 86.47: previous well known support. Resistance: • 88.51: previous well known resistance. • 89.20: Fibonacci 50% for the drop from 91.45. • 89.73: Fibonacci 61.8% for the drop from 91.45. — Forex trading analysis written by Munther Marji for Forexpros. — Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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Technical Analysis 8/07/2010 FXCBS
Thursday July 8 , 2010 Previous session overview The pair Euro against the U.S. dollar traded during the Asian session between the lowest level at 1.26206 and the highest level at 1.26878, the pair is currently trading around the level of 1.26382. The pair Sterling against the U.S. dollar rose during the Asian session to achieve the highest level at 1.52408 and the lowest level was at 1.51710, the pair is currently trading around the level of 1.51819. Finally the pair U.S. dollar against the Japanese Yen traded during the Asian session between the lowest level at 87.654 and the highest level at 88.460 , the pair trading now around the level of 88.368. Market Expectations EUR/USD : etermined indicators show negative signs for the pair Euro against the U.S. dollar which may lead the pair to make a corrective movement to the level of 1.25800 before continues rising to the level of 1.27400 then to the level of 1.27800, stability of the trading above the level of 1.25800 necessary to achieve our expectations . GBP/USD : etermined indicators show negative sign for the pair Sterling against the U.S. dollar which may lead the pair to make corrective movement to get red from this negative sign, then attack the resistance level at 1.52400 to breakthrough it and go to the target of 1.53000, stability of the trading above the level of 1.50800 necessary to achieve these expectations . USD/JPY : Stability of the trading for the pair U.S. dollar against the Japanese Yen above the moving average 50 (MA 50 ) lead us to expect an uptrend for the pair to the level of 89.100 , if the pair can penetrate this level it can achieve more up target . [B][B][B][B]Senior Analyst / Ali Hasan /[URL="http://www.fxcbs.com/"]FXCBS[/URL] [URL="http://www.fxcbs.com/newsletter/daily.html"]Newsletter[/URL] [URL="http://www.fxcbs.com/"]Forex ECN Broker[/URL] | [URL="http://www.fxcbs.com/"]Currency Online Trading[/URL] | [URL="http://www.fxcbs.com/"]Low Spread[/URL] | [URL="http://www.fxcbs.com/"]Free Trading Software[/URL] [/B][/B][/B][/B]
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Forex4you Technical Analysis 07/07/10
GBP/USD: Technical Analysis The bounce out of 1.5200 determined the lasting of the sideways move. So, the pair is currently approaching to the bottom edge of the consolidation range, 1.5080, which was mentioned in the last commentary. The trades are carried at 1.5095/90. The indicators’ values note the changes in favor of the “bearish” preferences. That in its turn speaks about the probability of even lower price decrease, till the trend line of the upgrading channel (the blue lines) at the support at 1.4990/80, probably. As seems, however, the potential of the support at 1.5080/90/70 is quite enough to renew the trades’ upturn. The consolidation within the range between 1.5200-1.5080 will obviously go on. Concerning the rest in short-term the former forecasts go ahead staying in force. EUR/USD: Technical Analysis The attempt to fix above the resistance at 1.2620/00 failed. Thereupon the checkup of 1.2660 the price returned downward and currently resides at 1.2560/70. Up to the point there’re no signs of the beginning to implement any of scenarios, which were mentioned in the former analyses. There’s high enough probability of the continuation of the sideways move within the edges of 1.2600/20-1.2480. Meanwhile, this range may be narrowed by means of upraising of the supports as there’re powerful obstacles on the way downward at 1.2540/20. The indicators note the possibility of reversal downward again. At the same time, the slight MACD divergence confirms the reasonable potential of the currently observed decline. USD/JPY: Technical Analysis The “Bears” showed their preeminence and reversed the trades down again, till the local minimums at 86.90/95, which were mentioned in the previous commentary. The indicators made their values downgrading. This obviously goes to prove the continuation of the descendant move. However, it’s necessary to overwhelm the support at 86.90/95 to that effect. Succeeding it, the next supports will be at 86.50/60 and further at 86.30/86.00 as well. The scenario of the advance will be relevant in case of breach of 88.20, which has already become a powerful resistance, only. AUD/USD: Technical Analysis The price fixation below the range of 0.8690-0.8650 and following breach of the support at 0.8590 set out the priorities of the descendant trend. Nevertheless, this breached support attracted the price and just recently checked up endurance of it as a kind of resistance. The degree withstood that checkup; so the decline renewed, and the price currently resides at 0.8450. The layout of the kind obviously proves even greater strengthening of the “bearish” leading positions and also gives a handle for predicting the continuation of the tumble, even despite the lack of the evident signs from the indicators. In this case the following target may be pointed out at 0.8310/15/00; though it’s reasonable to foresee the trades’ downfall till 0.8120/30 under the terms of the previously mentioned degree. The alternative scenario concerning the comeback to the mid-term upturn will be relevant in case of breach of the resistance at 0.8590/0.8600. Analysis by: Forex4you.com written by Joaquin Monfort Forex4you analyst Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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Technical Analysis 7/07/2010 FXCBS
Wednesday July 7 , 2010 Previous session overview The pair Euro against the U.S. dollar traded in a narrow range during the Asian session between the lowest level at 1.25764 and the highest level at 1.26334, the pair trading now around the level of 1.25831. Regarding to the pair Sterling against the U.S. dollar it’s also traded in a narrow range during the Asian session between the highest level at 1.51600 and the lowest level at 1.51138, the pair trading now around the level of 1.51248. Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session in a narrow range between the lowest level at 87.281 and the highest level at 87.674 , the pair trading now around the level of 87.355. Market Expectations EUR/USD : etermined indicators for the pair Euro against the U.S. dollar shows negative signs that may lead the pair to make a corrective movement to the level of 23.6% Fibonacci (1.25550) before continues its bullish move to the target of 1.27400 , stability of the trading above that level necessary to achieve our expectations . GBP/USD : etermined indicators for the pair Sterling against the U.S. dollar which is leading the pair now to corrective movement to the level 38.2% Fibonacci (1.50750) before it can return to the uptrend, stability of this level necessary for the pair to return to raising movement. USD/JPY : We expect a bearish intraday trend that will start with the breach of 87.30 to pave the way towards 86.60 then 85.35. Stability of the trading below the level of 88.000 necessary to achieve these expectations. [B][B][B][B]Senior Analyst / Ali Hasan /[URL="http://www.fxcbs.com/"]FXCBS[/URL] [URL="http://www.fxcbs.com/newsletter/daily.html"]Newsletter[/URL] [URL="http://www.fxcbs.com/"]Forex ECN Broker[/URL] | [URL="http://www.fxcbs.com/"]Currency Online Trading[/URL] | [URL="http://www.fxcbs.com/"]Low Spread[/URL] | [URL="http://www.fxcbs.com/"]Free Trading Software[/URL] [/B][/B][/B][/B]
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Forexpros Daily Analysis - 07/07/2010
ForexPros Daily Analysis July 7, 2010 Fundamental Analysis : ECB Press Conference European traders anticipate the ECB Press Conference. The European Central Bank holds this monthly press conference about 45 minutes after the Minimum Bid Rate is announced. It is about an hour long and has two parts: First, a prepared statement is read; then the conference is opened to press questions. The questions often lead to unscripted answers that trigger market volatility. The press conference, which is broadcasted on the ECB website, is the ECB’s primary method for communicating with investors about monetary policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, such as the overall economic outlook and inflation. Most importantly, it often provides clues regarding future monetary policy. If the statement is more hawkish than expected, that is usually good for the euro. — Euro Dollar The Euro broke the resistance specified in yesterday’s report 1.2570, and successfully reached the first suggested target 1.2656 with a very good accuracy since yesterday’s high was 1.2660. The most important technical event, was touching the top of the rising channel on the hourly chart for the second time yesterday, after touching it for the first time on Friday. We could be before an important turning point at 1.2660, since we saw the price falling away from this to 1.2575 during the Asian session. We should carefully watch the top of this channel, which is at 1.2681 currently. We will not be able to escape the fact that a break here will be a very positive signal for both the short & medium terms. But, if we keep trading below this top, we could be facing a turning point which will probably lead to a drop of hundreds of points. Short term support is at 1.2548, and once we break it, we will start drifting away from the channel top, and will target 1.2442, and may be 1.2370. The resistance is at 1.2603, and if broken we will target another test of the channel top at 1.2681. If this one is also broken, 1.2737 will be a first & modest target for this break, on the way to higher targets. Support: • 1.2548: short term Fibonacci 61.8% level. • 1.2442: May 18th high. • 1.2370: May 25th high. Resistance: • 1.2603: the falling trend line from yesterday’s top. • 1.2681: the top of the falling channel on intraday charts. • 1.2737: May 12th high. — USD/JPY The Dollar/Yen broke the support specified in yesterday’s report 87.57, only to reach 87.33. But this does not change the positive technical outlook for this pair. We still believe in the possibilities of a strong bounce. With this consolidation around 88, and after bouncing from the support area shown on the hourly chart below, and after clearly breaking the falling trend line from June 21st top (please refer to the attached chart), we think that the possibility of a bounce is rising, even if that was for a correction. Short term support is at 87.35, and breaking it would indicate a continuation of the drop to 86.47 & 85.84. The resistance is at 87.72, and breaking it would mean that the Dollar is about to capitalize on the break of the above mentioned trend line, which will ideally target short term Fibonacci levels: 88.67 & 89.20. This pair is going as expected, in the expected direction, and in convergence with our negative technical outlook for the medium term. We absolutely expect the fall to continue on the medium term. But after surviving at 87.35, we should not neglect the enormous possibilities of a bounce up: a bounce is highly probable, even if it was a temp, but the trend is down without a shadow of a doubt! Support: • 87.35: an obvious support area on the hourly chart, and Dec 9th 09 low. • 86.47: previous well known support. • 85.84: Now 30th 09 low. Resistance: • 87.72: short term Fibonacci 61.8% level. • 88.67: Fibonacci 38.2% for the drop from 91.45. • 89.20: Fibonacci 50% for the drop from 91.45. — Forex trading analysis written by Munther Marji for Forexpros. — Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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come to Nepal
Manaslu Trekking Manaslu, the eighth tallest mountain on the planet, presents one of the most challenging treks in Nepal. Manaslu mountain stands in the vicinity of Annapurna. Thanks to its peculiar appearance, Manaslu mountain peak can be noticed from afar for it juts out steeply above its neighboring landscape. Elongated ridges and valley glaciers provide comparatively easy approach to the mountaineers. Manaslu Trekking is a well-known and well-loved trekking as that provides perfect views of mountains, combination of rich cultural heritage, genuine adventure, incomparable beauty and biological variety. Mt. Manaslu [8163m] is the eight highest peaks in the world, was opened for the trekking purpose only in 1992. It is located near to the border of Nepal and Tibet. The name Manaslu means “The spirit-mountain”, Itinerary: Day 01. Arrive at Kathmandu airport (1345meters). transfer to hotel Day 02. Drive Kathmandu to Arughat. Day 03. Trek to Sati Khola (815m). Day 04. Trek to Labu Besi (900m). Day 05. Trek to Dovan (1022m). Day 06. Trek to Jagat (1250m). Day 07. Trek to Pangsing (1950m). Day 08. Trek to Deng (2600m). Day 09. Trek to Ghap (2050m). Day 10. Trek to Lho (3148m). Day 11. Trek to Samagompa (3517m). Day 12. Trek to Samdo (3738m). Day 13. Trek to Dharamashala( 4480). Day 14. Larkya La pass (5213m), and trek to Tanbuche (3890m). Day 15. Trek to Karche (3900m). Day 16. Trek to Tal (1725m). Day 17. Trek to Jagat (1300m). Day 18. Trek to Baundanda (1275m). Day 19. Trek to Beshisahar. Day 20. Drive Beshishar to Kathmandu. Day 21. Transfer to international airport for your final flight departure. For more informataion Himalayan Excursion Club Treks and Tour P. Ltd Email: info@nepaltravelandtrek.com http://www.nepaltravelandtrek.com Thamel, Kathmandu, Nepal P.O.BOX: 14451 Tel: +977-4212438, +977-9841063000(Mob.), 9849233048 (Mob.) +614-88683233, 0488683233 ( For Australia)
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