Daily Technical Analysis Recommendations Forexial FX

[N4X]

Daily Technical Analysis Recommendations - 07-03-2006

EUR/USD

Technical Analysis: The Euro didn't react well to good economic news the Euro zone to the bad economic news the USA fell to below the 1.2000 level after touching the fibo 50.0% ( 1.2321 to 1.1824) then passing the support point 1.1970 in early trading today. It is expected for the Euro to try to rise above the 1.2000 level to test the resistance point at 1.2035 but for that to happen it must stay above the support point 1.1930. If the support point is breached then we could see the Euro close to the uptrend line (blue) at 1.1845. Investors will be watching today the German Factory Orders indicator which is expected to come out better than the previous number that would revive the Euro for a while until the US Nonfarm Productivity indicator is released which could put extra pressure on the Euro to reach new levels. Also investors will be thinking of the US Trade Balance which will be released on Thursday.

Recommendation

Sell @ 1.1962
Stop @ 1.2007
Traget - 1 @ 1.1943
Traget - 2 @ 1.1919
Traget - 3 @ 1.1896

Buy @ 1.1865
Stop @ 1.1815
Traget - 1 @ 1.1886
Traget - 2 @ 1.1910
Traget - 3 @ 1.1929


Good luck in your trading

For complete report go to: www.forexial.com


Regards
N4X

[N4X]

Daily Technical Analysis Recommendations - 08-03-2006

EUR/USD

Technical Analysis: As we have expected in our previous report the support point couldn't stop Dollar bulls advancing to close on to the next support point 1.1860. The Euro bears will try to advance to test the resistance point at 1.1930 sustain attacks the Dollar bulls but that depends on the how strong hawkish statements that Fed. President Mr. Bernanke will unleash in his speech today which could give a green light for the Dollar bulls to advance to penetrate the rising trend line (blue) which could give an extra fuel to reach to below the 1.7000 level. But we shouldn't forget that Euro bears will also benefit ECB Council Member Mersch speech that could ignite the Euro bears to launch its own attack advance towards the resistance point 1.1970 perhaps reaching the 1.2100 level. Also we should take in consideration that the US Crude Oil Inventory indicator will be released today if the outcome is lower than the previous number it may damage the Dollar bulls since we know that the Iran Crises will intensify in the next few days when the IAEA will forward the Iran Nuclear file to the United Nations to decide on the proper resolution that could raise the price of oil to above the $70 mark which could damage the Dollar in the next few weeks. Also investors will be thinking of the US Trade Balance which will be released on Thursday.

Recommendation

Sell @ 1.1962
Stop @ 1.2007
Traget - 1 @ 1.21943126
Traget - 2 @ 1.1919
Traget - 3 @ 1.1986

Buy @ 1.1834
Stop @ 1.1791
Traget - 1 @ 1.1856
Traget - 2 @ 1.1874
Traget - 3 @ 1.1896


Good luck in your trading

For complete report go to: www.forexial.com


Regards
N4X

[N4X]

Daily Technical Analysis Recommendations - 09-03-2006


EUR/USD

Technical Analysis: The battle between the Dollar bulls the Euro bears has intensified when the Euro bears pushed the Dollar bulls over the fibo 23.6% at 1.1940 that caused the bulls quickly move in a counter attack to prevent the bears advancing towards the resistance point 1.1970 they have succeeded in their plan d the bears to retreat below the fibo 23.6% but it is unknown if the bulls could sustain the pressure contain the bears in a narrow range since we know that USA Trade Balance indicator will be released today it is expected to come out worse than the previous number that could give the bears the chance to counter attack in an attempt to reach the resistance point at 1.1970 to reach to safety l above the 1.2000 level which could be difficult for the Dollar bulls to continue to hold on to highly expensive positions if the Nonfarm Employment Change came out lower than expected which could cause a temporary crises for the Dollar bulls a warrior rest time for the Euro bears. Please be careful in today's trading.

Recommendation

Sell @ 1.2022
Stop @ 1.2068
Traget - 1 @ 1.2003
Traget - 2 @ 1.1981
Traget - 3 @ 1.1948

Buy @ 1.1852
Stop @ 1.1806
Traget - 1 @ 1.1874
Traget - 2 @ 1.1892
Traget - 3 @ 1.1915


Good luck in your trading

For complete report go to: www.forexial.com


Regards
N4X

[N4X]

Daily Technical Analysis Recommendations - 10-03-2006

EUR/USD

Technical Analysis: The Dollar bulls the Euro bears have kept their strategic positions intact in yesterday's trading. The Dollar bulls well defended the fibo 23.6% at 1.1940 against the Euro bears preemptive attack to reach the resistance point at 1.1970 before today's main event. The real battle hasn't started yet because everyone is waiting for the US Nonfarm Employment Change indicator to come out it is expected to be better than the previous number that could be a huge advantage to the Dollar bulls to launch a fresh wide attack on Euro bears position especially the support point 1.1860 which is considered to be the safety valve for Euro bears. The breach of this support point at 1.1860 which is close to the rising trend line (blue) could cause the Euro bears defense lines to be shattered that could cause a wide chaos a retreat towards the fibo 0.0% at 1.1825 for reorganizing their defense. Please be careful in today's trading.

Recommendation

Sell @ 1.1939
Stop @ 1.1983
Traget - 1 @ 1.1917
Traget - 2 @ 1.1888
Traget - 3 @ 1.1870

Buy @ 1.1834
Stop @ 1.1789
Traget - 1 @ 1.1852
Traget - 2 @ 1.1876
Traget - 3 @ 1.1893


Good luck in your trading

For complete report go to: www.forexial.com


Regards
N4X

[N4X]

Daily Technical Analysis Recommendations - 14-03-2006

EUR/USD

Technical Analysis: The Euro advanced towards the resistance point 1.1970 couldn't break it in early Asian trading session it is expected to try to break this resistance to advance to the fibo 38.2% ( 1.2321 to 1.1825) try to test the next resistance point at 1.2035. A failure of advancing beyond the fibo 38.2% would alter our view the Euro will target the support point at 1.1930 the next support point at 1.1860 which is close to the lower wall of the rising channel (blue) but we don't expect this to happen today. The Euro will affected by the German ZEW indicator which measures the sentiment of the investors it is expected to come out better than the previous number that could positively affect the Euro. Also investors will be watching US Current Account at 1:30 pm GMT it is expected to come out worse than the previous number that could negatively affect the Dollar since the US Retail Sales indicator is also expected to come out worse than the previous number.

Recommendation

Sell @ 1.2020
Stop @ 1.2068
Traget - 1 @ 1.1995
Traget - 2 @ 1.1973
Traget - 3 @ 1.1951

Buy @ 1.1889
Stop @ 1.1842
Traget - 1 @ 1.1911
Traget - 2 @ 1.1933
Traget - 3 @ 1.1950


Good luck in your trading

For complete report go to: www.forexial.com


Regards
N4X

[N4X]

Sorry...

The EUR/USD Chart.

[N4X]

Daily Technical Analysis Recommendations - 15-03-2006

EUR/USD

Technical Analysis: As we have expected in our yesterday's report the Euro advanced towards the resistance point 1.2035 but without touching it its expected to try to break this resistance to advance to the fibo 50.0% ( 1.2321 to 1.1825) at 1.2072 try to test the next resistance point at 1.2170. A failure of advancing beyond the fibo 50.0% would direct the Euro to target the support point at 1.1970 the next support point at 1.1930 but we don't expect this to happen today. The Euro will affected by the US TIC report which is expected to come out positive for the Dollar. But investors will be waiting for the two most important reports this week the E-12 CPI the US CPI

Recommendation

Sell @ 1.2064
Stop @ 1.2114
Traget - 1 @ 1.2041
Traget - 2 @ 1.2020
Traget - 3 @ 1.1993

Buy @ 1.1977
Stop @ 1.1923
Traget - 1 @ 1.1995
Traget - 2 @ 1.2022
Traget - 3 @ 1.2049


Good luck in your trading

For complete report go to: www.forexial.com


Regards
N4X

[N4X]

Daily Technical Analysis Recommendation - 16-03-2006

EUR/USD

Technical Analysis: ِAlso as we have expected in our yesterday's report the Euro touched the fibo 50.0% ( 1.2321 to 1.1825) at 1.2072 but failed to pass it rebounded lower. It is expected to target the first support point at 1.1970 then the next support point at 1.1930. The Euro will affected by the two most important reports this week the E-12 CPI the US CPI. In addition to that ECB President Mr. Trichet Fed. Governor Mr. Kohn will be speaking at a ceremony at Germany.

Recommendation

Sell @ 1.2067
Stop @ 1.2114
Traget - 1 @ 1.2041
Traget - 2 @ 1.2020
Traget - 3 @ 1.1993

Buy @ 1.1936
Stop @ 1.1887
Traget - 1 @ 1.1952
Traget - 2 @ 1.1966
Traget - 3 @ 1.1991


Good luck in your trading

For complete report go to: www.forexial.com


Regards
N4X