Daily Technical Analysis and Recommendations from Forexial FX

[N4X]

Daily Technical Analysis and Recommendations - 20-02-2006


EUR/USD

Technical Analysis: The upper wall of the falling channel (orange) didn't stop the Euro from rising to close the week above 1.1930 as we have expected in the previous report. It is expected to rise to break the lower wall of the rising channel (blue) and might test the fibo 38.2% at 1.2000. Since today is a holiday in the USA, we might see minor movements from ECB president Mr. Trichet at 4:00pm GMT but investors will be looking at the first FOMC meeting with the new president Mr. Bernanke.

Recommendation

Sell @ 1.1999
Stop @ 1.2044
Traget - 1 @ 1.1977
Traget - 2 @ 1.1953
Traget - 3 @ 1.1927

Buy @ 1.1871
Stop @ 1.1837
Traget - 1 @ 1.1895
Traget - 2 @ 1.1919
Traget - 3 @ 1.1939


Good luck in your trading

For complete report go to: www.forexial.com


Regards,
N4X

[N4X]

Daily Technical Analysis and Recommendations - 22-02-2006


EUR/USD

Technical Analysis: The Euro traded yesterday between the fibo 50.0% (from 1.1640 to 1.2321) and the fibo 61.8% and it is expected to test the support point at 1.1860 and to try to test the 1.1800 level, but if it fails, a rise to test the 1.2000 level is possible. Euro investors will be monitoring the E-12 Trade Balance indicator which is expected to come out better than the previous number which should give the Euro some positive movement. The strongest effect will be from the US CPI which should give investors a clue on the future of US Fed. strategy in regards to the interest rate hike on the Dollar. Please be very careful in today's trading.

Recommendation

Sell @ 1.1947
Stop @ 1.1994
Traget - 1 @ 1.1922
Traget - 2 @ 1.1902
Traget - 3 @ 1.1881

Buy @ 1.1869
Stop @ 1.1822
Traget - 1 @ 1.1888
Traget - 2 @ 1.1912
Traget - 3 @ 1.1937


Good luck in your trading

For complete report go to: www.forexial.com


Regards,
N4X

[N4X]

Daily Technical Analysis and Recommendations - 23-02-2006


EUR/USD

Technical Analysis: As we have expected, the Euro fell on the various news releases from the resistance point 1.1930 to reach the support point 1.1860 and it is still being traded in a narrow range and will continue to do so unless either the support point 1.1860 or the resistance point at 1.1930 is breached. Euro investors will be monitoring the German IFO which is expected to come out lower than the previous number and that could put extra pressure on the Euro. Also, the Euro will be affected by the speech of both Philly Fed. President and Dallas Fed. President, but the greatest effect will be from the German CPI which will come out tomorrow which may indicate the intentions of the ECB in regards to the number of interest rate hikes on the Euro. Also, Mr. Bernanke will be speaking tomorrow and he might give few clues on US Fed. strategy in regards to the number of interest rate hikes on the Dollar.

Recommendation

Sell @ 1.1941
Stop @ 1.1986
Traget - 1 @ 1.1919
Traget - 2 @ 1.1897
Traget - 3 @ 1.1872

Buy @ 1.1837
Stop @ 1.1793
Traget - 1 @ 1.1861
Traget - 2 @ 1.1884
Traget - 3 @ 1.1898


Good luck in your trading

For complete report go to: www.forexial.com


Regards,
N4X

[N4X]

Results for today:

EUR/USD = First target at 1.1919
GBP/USD = First target at 1.7487
USD/JPY = First target at 117.33
USD/CHF = Stop at 1.3019 (lowest upto now and then went up to first target)

Total = 22+26+22-41 = +29


Regards,
N4X

[N4X]

Daily Technical Analysis and Recommendations - 24-02-2006


EUR/USD

Technical Analysis: Euro bulls have tried to break for the second time this week the resistance point at 1.1970 and failed which put extra pressure on the Euro to fall to touch the support point 1.1860 and that indicates that the Euro is still being traded in a narrow range. We think that a breach of the support point at 1.1860 will open the gate for a test of a support point as low as 1.1540 in the near future, but for now a test of the level 1.1800 is possible soon. On the other hand a rise above the resistance point at 1.1970 would validate the view of a test of the resistance point 1.2035 and possibly higher to reach the next major resistance at 1.2170. Euro investors will be monitoring the German CPI and Fed. Chairman Mr. Bernanke will be speaking and he might give few clues on US Fed. strategy in regards to the number of interest rate hikes on the Dollar.

Recommendation

Sell @ 1.1959
Stop @ 1.1997
Traget - 1 @ 1.1938
Traget - 2 @ 1.1914
Traget - 3 @ 1.1892

Buy @ 1.1841
Stop @ 1.1793
Traget - 1 @ 1.1861
Traget - 2 @ 1.1884
Traget - 3 @ 1.1898


Good luck in your trading

For complete report go to: www.forexial.com


Regards,
N4X

[N4X]

The EUR/USD chart.

[N4X]

Daily Technical Analysis and Recommendations - 27-02-2006


EUR/USD

Technical Analysis: Euro started falling in Asia session due to the statements from the Japanese officials in regards to interest rate hike on the Yen in the future which directly and indirectly affected other currencies. But the Euro is still being traded in a narrow range and it is expected to continue trade lower to try to touch the level 1.1800 and to extend its fall towards the 1.1700 level and for that to happen soon, the Euro must pass and close below the support point at 1.1830. On the other hand a rise above the level 1.1900 could open the way for a test of the resistance point at 1.1970 which is likely to happen in the next couple of days due to the fact that the ECB will make its decision on increasing the interest rate by 25 points and that would put the Euro on the positive side for few days to come. In the mean while, the Euro will be affected today by the speech of the ECB President at 1:00pm and by the release of the USA New Home Sales indicator at 3:00pm and its expected to come out lower than the previous number which could put some pressure on the Dollar.

Recommendation

Sell @ 1.1893
Stop @ 1.1939
Traget - 1 @ 1.1871
Traget - 2 @ 1.1847
Traget - 3 @ 1.1828

Buy @ 1.1811
Stop @ 1.1768
Traget - 1 @ 1.1834
Traget - 2 @ 1.1856
Traget - 3 @ 1.1880



Good luck in your trading

For complete report go to: www.forexial.com


Regards,
N4X

[N4X]

Daily Technical Analysis and Recommendations - 28-02-2006


GBP/USD


Technical Analysis: The Sterling traded around the fibo 23.6% and it is expected to continue to trade lower to touch the lower wall of the rising channel (blue) at 1.7285 which could happen if it closes below the support point at 1.7335. Invertors will be waiting for the release the E-12 Consumer Confidence which will be released at 10:00 GMT and it is expected to come out lower than the previous number and the UK Consumer Confidence indicators at 10:30 GMT which is expected to come out at lower than the previous number which should put extra pressure on the Pound. Also, the USA GDP will be released at 1:30 GMT and it is expected to come out better than the previous number and the USA Consumer Confidence will be released at 3:00 GMT and it is expected to come out at a lower number which should effected the Dollar for the remainder of the trading day. Please be careful in trading today.

Recommendation

Sell @ 1.7453
Stop @ 1.7491
Traget - 1 @ 1.7424
Traget - 2 @ 1.7401
Traget - 3 @ 1.7374

Buy @ 1.7297
Stop @ 1.7251
Traget - 1 @ 1.7320
Traget - 2 @ 1.7343
Traget - 3 @ 1.7371


Good luck in your trading

For complete report go to: www.forexial.com


Regards,
N4X