Fri, 11 May 2012 05:26:00 +0400
Yesterday’s attempts of common European currency to overcome gravitation at Forex market and enter an uptrend in relation to US dollar have not been successful. The main line of AO_Zotik index failed to quit h4 bearish impulse zone. At the same time, there are certain secondary signs of the end of mid-term bearish trend, they are, though, too early to appear.
However, when looking at m15 chart of EURUSD currency pair, one can see the lasting bearish trend, represented by a combination of forming waves "А" and "В" of m10-m15 levels. If impulse nature of the down trend is broken, the decline will be continued by profit-making wave "С". Otherwise, according to the specialists of the System of Early Prediction Sub-department of Masterforex-V Trading Academy, anything may happen.
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Last Friday, Pierre Moscovici, who is the European Commissioner for Economic and Financial Affairs, Taxation and Customs, visited Athens to discuss with the Greek government the report on the situation with the Greek debt to the international lenders.
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These are the Main Daily Trading Signals for Tuesday. Here's how the interbank compares with the technicals at 8 AM GMT.
Euro/Dollar sees 5 neutral models in the short-term. The mid-term is split between red and neutral models, and the daily outlook turns red with 6 studies, but the interbank is neutral at less than 2% short, and it matches the 1-hour models.
It's time for this week's first Main Daily Trading Signals. Here's how the interbank compares with the technicals at 8 AM GMT.
First up is the Euro/Dollar with 4 neutral models in the short-term. The mid-term is split between red and neutral studies, and the daily outlook brings 6 sell prompts, but, in contrast, the interbank is neutral at less than 2% short.
You're watching the Main Daily Trading Signals for Friday. Here's how the interbank compares with the technicals at 8 AM GMT.
Euro/Dollar has bearish models prevailing across the table, with 7 in the short-term and 6 in both the mid and long-term, but, in contrast, the interbank is neutral at less than 2% long.
These are the Main Daily Trading Signals for Thursday. Here's how the interbank lines up with the technicals at 8 AM GMT.
Bearish signals prevail on Euro/Dollar's hourly chart. The mid-term brings 4 neutral indicators, and the daily outlook is split between red and neutral models. Neutral at less than 6% long, the interbank matches the 4-hour studies.