Daily Technical Analysis and Recommendations from Forexial FX

[N4X]

Daily Technical Analysis and Recommendation - 20-06-2006

EUR/USD

Technical Analysis: As we have expected, the Dollar couldn't advance much at the expense of the Euro and couldn't take advantage of the release of the E-12 Trade Balance indicator worse than expected and doubts by investors about the stability of the E-12 economic growth which weakened the Euro, but the Dollar succeeded in containing the Euro in a narrow trading range. It is expected that the Dollar will attempt to advance towards the support point at 1.2530 and try to breach it to advance towards the next support point at 1.2490 but might not be able to continue moving due to investors buying the Euro.


Recommendation

Sell @ 1.2588
Stop @ 1.2621
Traget - 1 @ 1.2567
Traget - 2 @ 1.2549
Traget - 3 @ 1.2525

6Buy @ 1.2517
Stop @ 1.2467
Traget - 1 @ 1.2541
Traget - 2 @ 1.2563
Traget - 3 @ 1.2584



Good luck in your trading

For complete report go to: www.forexial.com


Regards,
N4X

[N4X]

Daily Technical Analysis and Recommendation - 21-06-2006

EUR/USD

Technical Analysis: The Euro rebounded higher from supporting falling trend line (orange) to above the 1.2600 level being helped by the release of the USA bad Building Permits which came out lower than expected and it is expected that the Dollar will try to regain some of it losses and advance towards the support point at 1.2530 in an attempt to breach for a test of the next support point at 1.2490, but that could spark the Euro's bears to reverse the direction which should allow the Euro to rise towards the fibo 50.0% at 1.2651.


Recommendation

Sell @ 1.2649
Stop @ 1.2694
Traget - 1 @ 1.2627
Traget - 2 @ 1.2604
Traget - 3 @ 1.2583

6Buy @ 1.2551
Stop @ 1.2504
Traget - 1 @ 1.2575
Traget - 2 @ 1.2595
Traget - 3 @ 1.2615



Good luck in your trading

For complete report go to: www.forexial.com


Regards,
N4X

[N4X]

Daily Technical Analysis and Recommendation - 22-06-2006

EUR/USD

Technical Analysis: The Euro advanced in yesterday's trading to near the resistance point at 1.2685 being affected by comments of ECB President on monetary policy and the need to watch interest rates carefully. Its expected that the Euro will attempt to advance to breach the resistance point at 1.2685 and could go beyond the minor resistance point at 1.2720. Today, the Euro will be affected by the release of the USA Unemployment Claims and USA Leading Indicators which is expected to come out lower than the previous numbers which should give the Euro enough support, but might not be able to breach the resistance point 1.2685 due to counter attack by the Dollar's bulls defending the 1.2700 level and that could lead the Euro to fall towards the minor support point at 1.2530.

Recommendation

Sell @ 1.2677
Stop @ 1.2707
Traget - 1 @ 1.2653
Traget - 2 @ 1.2627
Traget - 3 @ 1.2604

6Buy @ 1.2551
Stop @ 1.2504
Traget - 1 @ 1.2575
Traget - 2 @ 1.2595
Traget - 3 @ 1.2615


Good luck in your trading

For complete report go to: www.forexial.com


Regards,
N4X

[N4X]

Daily Technical Analysis and Recommendation - 23-06-2006

EUR/USD

Technical Analysis: The Euro couldn't stop the Dollar bulls from advancing on speculations and market rumors that the Fed. will raise the interest rate to 6% in its next meeting and that sparked a buying frenzy of the Dollar by investors. It is expected that this effect will soon diminish and market will return to it is normal condition. Also, it is expected that the Dollar will continue to advance being supported by the release of the USA Durable Goods indicator which is expected to come out better than the previous number and that would give enough support for the Dollar to attempt to breach the rising trend line (blue) at 1.2515 and if it is successful, we could see the Dollar marching towards the fibo 38.2%. On the other hand, the Euro could bounce back and might reach as far as the 1.2600 level at most.

Recommendation

Sell @ 1.2599
Stop @ 1.2645
Traget - 1 @ 1.2577
Traget - 2 @ 1.2558
Traget - 3 @ 1.2542

6Buy @ 1.2517
Stop @ 1.2466
Traget - 1 @ 1.2535
Traget - 2 @ 1.2554
Traget - 3 @ 1.2579



Good luck in your trading

For complete report go to: www.forexial.com


Regards,
N4X

[N4X]

Daily Technical Analysis and Recommendation - 05-07-2006

EUR/USD

Technical Analysis: The Euro started trading in the first week of July very slow and in a narrow range and that was due to the holidays in the USA, but made an attempt to breach the minor resistance point at 1.2830 but quickly retreated due to investors being worried that the ECB might postpone its expected rate hike to the next meeting because of the good economic figures from the E-12 countries and that might negatively affect the Euro and could fall towards the first support point at 1.2723 which might not be able to hold if today's economic indicators came out bad for the Euro, which, could breach the support point at 1.2723 for an attempt to test the relatively stronger support point at 1.2685. On the other hand, investors will be closely watching the ECB rate decision and anticipate the expected rate hike of 25bp normally, but a surprising 50bp hike as rumors floating in the market would take the Euro higher above the 1.3000 level and close to the resistance point at 1.3130, but this rise could harmfully affect the Eurozone economics in the near future and increase the chance of rising inflation rate quickly.

Recommendation

Sell @ 1.2828
Stop @ 1.2874
Traget - 1 @ 1.2810
Traget - 2 @ 1.2790
Traget - 3 @ 1.2772

6Buy @ 1.2725
Stop @ 1.2671
Traget - 1 @ 1.2747
Traget - 2 @ 1.2770
Traget - 3 @ 1.2794



Good luck in your trading

For complete report go to: www.forexial.com


Regards,
N4X

[N4X]

Daily Technical Analysis and Recommendation - 06-07-2006

EUR/USD

Technical Analysis: As we have expected in our yesterday's report, the Euro descended towards the support point at 1.2723 being affected by the release of the E-12 Retail Sales lower than expected which increased the pressure on the Euro. In addition to that, investors are expecting that the ECB will not raise the rate in this meeting and postpone the hike to next month's meeting, but investors will be carefully watching the accompanying report and to what Mr. Trichet will say in his speech which might give investors some clues to the ECB future monetary policy. In case the ECB surprise everyone by raising the rate by 25bp today, we could see the Euro soar to above the 1.3000 level in a short time. Please be careful in today's trading.

Recommendation

Sell @ 1.2872
Stop @ 1.2917
Traget - 1 @ 1.2849
Traget - 2 @ 1.2832
Traget - 3 @ 1.2810

6Buy @ 1.2721
Stop @ 1.2671
Traget - 1 @ 1.2747
Traget - 2 @ 1.2770
Traget - 3 @ 1.2794



Good luck in your trading

For complete report go to: www.forexial.com


Regards,
N4X

[N4X]

Daily Technical Analysis and Recommendation - 06-07-2006

EUR/USD

Technical Analysis: The Euro took advantage of the bad USA Nonfarm Payroll indicator and advanced to as high as 1.2860 before it descended to just above the 1.2800 level in last week trading. The Euro might attempt to advance higher to reach the resistance point at 1.2898 and possibly towards the next resistance point at 1.2987, but the Euro might be weakened by the a strong Yen and fall below the 1.2800 level for a test of the secondary support point at 1.2761 where a rebound is possible towards the minor resistance point at 1.2839.

Recommendation

Sell @ 1.2827
Stop @ 1.2872
Traget - 1 @ 1.2811
Traget - 2 @ 1.2793
Traget - 3 @ 1.2770

Buy @ 1.2729
Stop @ 1.2679
Traget - 1 @ 1.2748
Traget - 2 @ 1.2767
Traget - 3 @ 1.2790



Good luck in your trading

For complete report go to: www.forexial.com


Regards,
N4X