{"id":20542,"date":"2011-04-07T04:07:11","date_gmt":"2011-04-07T08:07:11","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20542"},"modified":"2011-04-07T04:07:11","modified_gmt":"2011-04-07T08:07:11","slug":"daily-market-review-for-the-07-04-2011","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/04\/07\/daily-market-review-for-the-07-04-2011\/","title":{"rendered":"Daily Market Review for the 07.04.2011"},"content":{"rendered":"

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

Daily time frame<\/strong><\/p>\n

Time:<\/strong> 01:00 Rate:<\/strong> 1.4330<\/p>\n

Strategy:<\/strong> long<\/p>\n

In yesterday’s daily market review it was mentioned that the price broke out the level of 1.43 the uptrend will continue. Indeed the price broke out this resistance level with an impressive length of the candlestick. We believe that a further increase up to the level of 1.4475, with a possibility for inter daily retracement to approximately 1.43 level.<\/p>\n

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

 <\/p>\n

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

4 hour time frame<\/strong><\/p>\n

It can be seen an increase price structure, while each high that breaks out by the price was then served as a support level, and brought additional upward movement. Even now while the last high level 1.4250 broke out most likely that we will see an additional upward movement.<\/p>\n

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

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

Enter: 1.4370<\/p>\n

Stop: 1.4240<\/p>\n

Target: 1.4475<\/p>\n

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

 <\/p>\n

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

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

Daily time frame<\/strong><\/p>\n

Time:<\/strong> 01.00 Rate:<\/strong> 1.6327<\/p>\n

Strategy: long<\/strong><\/p>\n

As was written in the daily market review yesterday, indeed the price continued in an upward position and got to the resistance level of 1.6345. The break out of the price at this level, and most probably will continue until the upper side of the parallel asymmetric triangle (increased red slope line connecting between the last highs).<\/p>\n

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

 <\/p>\n

\"\"<\/p>\n

4 hour time frame<\/strong><\/p>\n

After the break out of the upper level of the range 1.6200, the formation of the upward movement, one may see that the price stopped at the level of 1.6360. The new break out of the price by this level will bring in the first step to the target range, and in the second step the depth of the current retracement upward.<\/p>\n

Potential Trade  <\/strong><\/p>\n

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

Enter: 1.6365<\/p>\n

Stop:1.6255<\/p>\n

First target: 1.64<\/p>\n

Second target: 1.6470<\/p>\n

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

 <\/p>\n

\"\"<\/p>\n


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

Important News for the 07.04.2011<\/strong><\/p>\n

Time 14:00 GBP – official bank rate<\/strong><\/p>\n

Time: 14:45 EUR- Minimum bid rate<\/strong><\/p>\n

Time: 15:30 CAD- Building permits m\/m<\/strong><\/p>\n

Time 15:30 EUR – ECB Press conference<\/strong><\/p>\n

Time 15:30 USD- Unemployment claims<\/strong><\/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-USD Daily time frame Time: 01:00 Rate: 1.4330 Strategy: long In yesterday’s daily market review it was mentioned that the price broke out the level of 1.43 the uptrend will continue. Indeed the price broke out this resistance level with an impressive length of the candlestick. We believe that a further increase up to the … <\/p>\n

Continue reading “Daily Market Review for the 07.04.2011”<\/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-20542","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20542","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=20542"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20542\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}