{"id":20278,"date":"2011-03-22T05:37:42","date_gmt":"2011-03-22T09:37:42","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20278"},"modified":"2011-03-22T05:37:42","modified_gmt":"2011-03-22T09:37:42","slug":"daily-market-review-for-the-22-03-2011","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/22\/daily-market-review-for-the-22-03-2011\/","title":{"rendered":"Daily Market Review for the 22.03.2011"},"content":{"rendered":"


<\/strong><\/p>\n

EUR-JPY<\/strong><\/p>\n

It can be seen in the weekly time frame that the price creates a range area between the levels of 107 to 116 after which the break out went up above the down trend line (fragmentary blue). According to our estimates, the break out of the level 116 will bring the uptrend until the level of 124 (depth of the range) and retracement of the downtrend (broken red line) which is in between one third to two thirds.<\/p>\n

As can be seen by the graph bellow: <\/strong><\/a><\/p>\n

\"\"<\/p>\n

In the daily time frame the range and target can be seen in more detail if the break out above the level of 116 will occur.<\/p>\n

As can be seen by the graph bellow:  <\/strong><\/a><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

Potential Trade <\/strong><\/p>\n

In the 4 hour time frame can be seen that the price broke out and the downtrend line and our estimation that from this point the uptrend will begin. In any case we suggest two possibilities for trade.<\/p>\n

1.    In the break out of the level 116 you can enter the long position.<\/p>\n

Stop: 113.50<\/p>\n

Target: 124<\/p>\n

2.    In the breakdown of the level 114 you can enter the short position.<\/p>\n

Stop: 116<\/p>\n

First target: 111 Second target: 110<\/p>\n

As can be seen by the graph bellow: <\/strong><\/a><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

USD-CAD<\/strong><\/p>\n

In the daily time frame can be seen that the price moves down in a reduced channel (in yellow). Our estimation is that the price will stop in the area and will be retraced between one third to two thirds Fibonacci of the downtrend within the channel (broken black line), in other words between he level of 1.0000 to 1.0282.<\/p>\n

As can be seen by the graph bellow: <\/strong><\/a><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

In the 4 hour time frame can be seen that the price broke out the upper side of the parallel downward channel, and returned to it when it is checked by the support level 0.9750. We estimate that if this level will keep the price and will be able to keep it above the uptrend line, most probably uptrend will occur with targets indicated in the daily time frame.<\/p>\n

As can be seen by the graph bellow: <\/strong><\/a><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

 <\/strong><\/p>\n

Potential Trade<\/strong><\/p>\n

When the break out of the price level reaches 0.9860, one can wait for the upward price structure creation (drawn in the graph), and thus, to enter the long position. <\/p>\n

First target: 1.0000<\/p>\n

Second target: 1.0160<\/p>\n

Third target: 1.0280<\/p>\n

As can be seen by the graph bellow:<\/a><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

 <\/p>\n

RISK DISCLAIMER<\/p>\n

Forex trading<\/a> involves high risk. Before any trade<\/a>, you should consider carefully the investment<\/a> objectives and the level of risk. The data sent by mail is not necessarily real-time data or precise. Real-Forex is not liable for the losses resulting from the utilization of the data. Real-Forex (Finnocorp<\/a> Trading Solution Ltd<\/p>\n

.) is not liable for losses or damages as a result of reliance on the information provided by e-mail or on the overall data, quotes, charts, signals buy \/ sell<\/a>. It is hereby clarified that the investor must be aware of risks involved in trading in financial markets, which is a form of investment that may contain potential risks.<\/p>\n

Real-Forex<\/a> team \"\"<\/a><\/p>\n

Trade like the pro’s with a true ECN Forex broker<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

EUR-JPY It can be seen in the weekly time frame that the price creates a range area between the levels of 107 to 116 after which the break out went up above the down trend line (fragmentary blue). According to our estimates, the break out of the level 116 will bring the uptrend until the … <\/p>\n

Continue reading “Daily Market Review for the 22.03.2011”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-20278","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=20278"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20278\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}