{"id":20637,"date":"2011-04-13T03:58:17","date_gmt":"2011-04-13T07:58:17","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20637"},"modified":"2011-04-13T03:58:17","modified_gmt":"2011-04-13T07:58:17","slug":"daily-market-review-for-the-13-04-2011","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/04\/13\/daily-market-review-for-the-13-04-2011\/","title":{"rendered":"Daily Market Review for the 13.04.2011"},"content":{"rendered":"

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

Time:<\/strong> 22:30 Rate:<\/strong> 1.4483<\/p>\n

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

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

The price completed the upward movement on the level of 1.4530 by the harmonious patter AB=CD, and the resistance of the upper side of the parallel upward channel (fragmented red). We believe that the upward movement will stop in this area, and the price will retrace the continuous last upward movement (CD), as between the level of 1.4330 to 1.4200.<\/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

The price ranges in an upward parallel channel (fragmented red), and stops in its upper side on the level of 1.4520. The break out of the price at this level, and the price will get to the level 1.46. We believe that the movement will break down the level of 1.4437, and from there will downtrend for retracement of third until two thirds of the last continuous upward movement (broken blue line).<\/p>\n

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

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

Enter:  1.4430<\/p>\n

Stop: 1.4530<\/p>\n

Target: 1.4330<\/p>\n

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

 <\/p>\n

\"\"<\/p>\n

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

Time:<\/strong> 22.50 Rate:<\/strong> 1.6250<\/p>\n

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

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

As was mentioned in the daily market review of yesterday the price stopped and retraced a third of the last continuous upward movement. We believe that the price will continue to retrace this movement toward the level of 1.6110.<\/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

As was mentioned in the daily market review of yesterday the price is on its way toward the level of 1.62 in the first stage, and if this level will break the second target is 1.6110 (see daily time frame)<\/p>\n

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

 <\/p>\n

\"\"<\/p>\n

Important news for the 13.04.2011<\/strong><\/p>\n

Time: 11.30 GBP Claimant count change<\/p>\n

Time: 15.30 USD core retail sales m\/m  <\/p>\n

Time: 15:30 USD Retails sales m\/m<\/p>\n

Time: 17.30 CAD BOC monetary policy report<\/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 Time: 22:30 Rate: 1.4483 Strategy: short Daily time frame The price completed the upward movement on the level of 1.4530 by the harmonious patter AB=CD, and the resistance of the upper side of the parallel upward channel (fragmented red). We believe that the upward movement will stop in this area, and the price will … <\/p>\n

Continue reading “Daily Market Review for the 13.04.2011”<\/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-20637","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20637","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=20637"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20637\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}