Daily Technical Analysis and Recommendations from Forexial FX

[N4X]

Daily Technical Analysis and Recommendations - 08-02-2006


EUR/USD

Technical Analysis: The Euro failed to test the support point at 1.1930 and the lower wall of the rising channel and reached reached as low as 1.1940. It is expected to enter into sideway trading for a while and the Euro could hold on in front of the Dollar bulls attack being supported by the support point at 1.1930 and the lower wall of the rising channel (blue). And we think that it will be traded between the fibo 38.2% at 1.2000 and the support point at 1.1930. In case the support point at 1.1930 broken, then the next level would be the fibo 23.6% at 1.1863 and then we could talk about 1.1700 level and fibo 0.0%. The Euro will be affected today by the release of German Trade Balance but the most important effect will come from the US Trade Balance which will come out on Friday.

Recommendation

Sell @ 1.1993
Stop @ 1.2044
Traget - 1 @ 1.1971
Traget - 2 @ 1.1952
Traget - 3 @ 1.1939

Buy @ 1.1937
Stop @ 1.1902
Traget - 1 @ 1.1951
Traget - 2 @ 1.1977
Traget - 3 @ 1.1994


Good luck in your trading

For complete report go to: www.forexial.com


Regards,
N4X

[N4X]

Daily Technical Analysis and Recommendations - 09-02-2006


EUR/USD

Technical Analysis: As we have expected the Euro tested the support point at 1.1930 and the lower wall of the rising channel. It is expected to try to test the fibo 23.6% at 1.1863. We think that it will test the resistance point 1.2053 if the support point at 1.1930 is not breached. The Euro will be affected today by the release of US Unemployment Claims but the most important effect will come from the US Trade Balance which will come out on Friday.

Recommendation

Sell @ 1.2029
Stop @ 1.2044
Traget - 1 @ 1.2001
Traget - 2 @ 1.1977
Traget - 3 @ 1.1954

Buy @ 1.1877
Stop @ 1.183.1
Traget - 1 @ 1.1894
Traget - 2 @ 1.1923
Traget - 3 @ 1.1955


Good luck in your trading

For complete report go to: www.forexial.com


Regards,
N4X

[N4X]

Stop for the sell order is 1.2064 not 1.2044


Regards,
N4X

[N4X]

Daily Technical Analysis and Recommendations - 10-02-2006


EUR/USD

Technical Analysis: The Euro traded in a very narrow range and that indicated that investors aren't willing to take either long or short positions for a long period of time. The Euro will be affected today by the release of US Trade Balance. Please be careful in today's trading.

Recommendation

Sell @ 1.2029
Stop @ 1.2064
Traget - 1 @ 1.2001
Traget - 2 @ 1.1977
Traget - 3 @ 1.1954

Buy @ 1.1951
Stop @ 1.1914
Traget - 1 @ 1.1977
Traget - 2 @ 1.1995
Traget - 3 @ 1.2019


Good luck in your trading

For complete report go to: www.forexial.com


Regards,
N4X

[N4X]

Daily Technical Analysis and Recommendations - 13-02-2006


EUR/USD

Technical Analysis: The Euro broke the lower wall of the rising channel (blue) and the support point at 1.1930 in the last day of trading of last week and that was due to the release of economic reports and indicators. It is expected to trade this week between the fibo 50.0% and the fibo 23.6% if the level of 1.1800 is not breached. There is a big chance for correction to the fibo 61.8% but the Euro should hold on above the 1.1800 level. The Euro will be affected today by the release of tomorrow's economic news such as the German GDP at 7:00 am GMT and it is expected to come out lower than the previous number and that should put some pressure on the Euro. Also, the German ZEW indicator will be released at 10:00 am and it is expected to come out at a better number than the previous which should relief the Euro for a while, but the biggest affect will come from the E-12 GDP at 10:00 am GMT and it is expected to come out worse than the previous number and that could put additional pressure on the Euro. Also, at 1:30 pm GMT, the US Retail Sales m/m will be released and it expected to come out better than the previous number which is good for the Dollar. Please be careful in today's trading.

Recommendation

Sell @ 1.1977
Stop @ 1.2014
Traget - 1 @ 1.1956
Traget - 2 @ 1.1937
Traget - 3 @ 1.1909

Buy @ 1.1867
Stop @ 1.1841
Traget - 1 @ 1.1885
Traget - 2 @ 1.1907
Traget - 3 @ 1.1926


Good luck in your trading

For complete report go:www.forexial.com


Regards,
N4X

[N4X]

Daily Technical Analysis and Recommendations - 14-02-2006


EUR/USD

Technical Analysis: The Euro traded yesterday in a narrow range which indicates that investors are holding back and are expecting a big move to either direction. The Euro couldn't reach either the resistance point 1.1930 nor the fibo 23.6% at 1.1863. It is expected to try to break the resistance point at 1.1930 and touch the upper wall of the falling channel (orange) passing in its way the lower wall of the rising channel (blue). A failure of that scenario would mean that the Euro would go to the fibo 23.6% and try to test the 1.1800 level. The Euro will be affected today by the release of economic news such as the German GDP at 7:00 am GMT and it is expected to come out lower than the previous number and that should put some pressure on the Euro. Also, the German ZEW indicator will be released at 10:00 am and it is expected to come out at a better number than the previous which should relief the Euro for a while, but the biggest affect will come from the E-12 GDP at 10:00 am GMT and it is expected to come out worse than the previous number and that could put additional pressure on the Euro. Also, at 1:30 pm GMT, the US Retail Sales m/m will be released and it expected to come out better than the previous number which is good for the Dollar. Please be careful in today's trading.

Recommendation

Sell @ 1.1951
Stop @ 1.1997
Traget - 1 @ 1.1931
Traget - 2 @ 1.1902
Traget - 3 @ 1.1881

Buy @ 1.1867
Stop @ 1.1841
Traget - 1 @ 1.1885
Traget - 2 @ 1.1907
Traget - 3 @ 1.1926


Good luck in your trading

For complete report go:www.forexial.com


Regards,
N4X

[N4X]

Daily Technical Analysis and Recommendations - 15-02-2006

EUR/USD

Technical Analysis: The Euro tested yesterday the fibo 23.6% at 1.1863 and rebounded to the resistance point at 1.1930 and that indicates that investors are holding back and are expecting a big move to either direction despite the fact that the economic news that were released yesterday were good for the Dollar but the Dollar/Yen effect was affecting most Dollar pairs. It is expected to try to break the resistance point at 1.1930 and touch the upper wall of the falling channel (orange) but this scenario has little chance since Fed. Chairman Mr. Bernanke would speak at 15:00GMT and that could send the Euro to break the fibo 23.6% and try to test the 1.1800 level. Also, the Euro will be affected today by the release of US Import Price m/m at 13:30 GMT. Please be careful in today's trading.

Recommendation

Sell @ 1.1933
Stop @ 1.1987
Traget - 1 @ 1.1908
Traget - 2 @ 1.1895
Traget - 3 @ 1.1871

Buy @ 1.1809
Stop @ 1.1769
Traget - 1 @ 1.1827
Traget - 2 @ 1.1848
Traget - 3 @ 1.1869


Good luck in your trading

For complete report go:www.forexial.com


Regards,
N4X

[N4X]

Daily Technical Analysis and Recommendations - 16-02-2006


EUR/USD

Technical Analysis: As we have expected, the Euro tested yesterday the upper wall of the falling channel (orange) passing in its way up the resistance point 1.1930 but quickly returned to near the fibo 23.6%. A stronger Yen is holding the Dollar from gaining against other currencies. The Euro is expected to try to break the resistance point at 1.1930 and pass the upper wall of the falling channel (orange) to reach the lower boundary of the rising channel (blue), but this scenario has little chance of success since Fed. Chairman Mr. Bernanke will give semiannual monetary policy testimony to Senate Banking Committee at 15:00GMT and that could force the Euro go lower to break the fibo 23.6% and try to test the 1.1800 level. Also, the Euro will be affected today by the release of US Import Price m/m at 13:30 GMT. Please be careful in today's trading.

Recommendation

Sell @ 1.1927
Stop @ 1.1987
Traget - 1 @ 1.1903
Traget - 2 @ 1.1881
Traget - 3 @ 1.1859

Buy @ 1.1809
Stop @ 1.1769
Traget - 1 @ 1.1827
Traget - 2 @ 1.1848
Traget - 3 @ 1.1869


Good luck in your trading

For complete report go to: www.forexial.com


Regards,
N4X