{"id":20918,"date":"2011-05-02T09:17:58","date_gmt":"2011-05-02T13:17:58","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20918"},"modified":"2011-05-02T09:17:58","modified_gmt":"2011-05-02T13:17:58","slug":"daily-market-review-for-the-02-05-2011","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/05\/02\/daily-market-review-for-the-02-05-2011\/","title":{"rendered":"Daily Market Review for the 02.05.2011"},"content":{"rendered":"<p><strong>EUR\/USD<\/strong><\/p>\n<p><strong>Time: 11.45\u00a0 Rate 1.4808<\/strong><\/p>\n<p><strong>Strategy: Short\/long<\/strong><\/p>\n<p><strong>Daily time frame<\/strong><\/p>\n<p>Most probably the price will retrace for the upper side of the break out channel (broken red). The break out of the level of 1.4880 will continue its course of the Euro upward towards the levels in the daily and monthly time frame. However, the decline of the price under the upper side of the channel (broken red) and under the lower side of the second channel and most probably will retrace for the last upward movement.<\/p>\n<p><strong><a href=\"http:\/\/www.real-forex.com\/charts-daily\/r\/3.jpg\">As can be seen by the graph bellow:<\/a> <\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/r\/3.jpg\" alt=\"\" width=\"501\" height=\"313\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><strong>4 hour time frame<\/strong><\/p>\n<p><strong>Strategy: short <\/strong><\/p>\n<p>In the breakdown of the price level 1.4770, the first target is 1.4670 and after which the target of the \u201cwave wolf\u201d pattern, the connecting line between 1 and 4. The breakout of the price of the level of 1.4900 and the upward movement will continue over the big graphic targets.<\/p>\n<p><strong>Potential Trade<\/strong><\/p>\n<p><strong>Short<\/strong><\/p>\n<p>Enter: 1.4765<\/p>\n<p>Stop: 1.4885<\/p>\n<p>Target: 1.4670<\/p>\n<p><strong><a href=\"http:\/\/www.real-forex.com\/charts-daily\/r\/4.jpg\">As can be seen by the graph bellow:<\/a><\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/r\/4.jpg\" alt=\"\" width=\"500\" height=\"313\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><strong>GBP\/USD<\/strong><\/p>\n<p><strong>Time: 11.55\u00a0 Rate: 1.6708<\/strong><\/p>\n<p><strong>Strategy: Long<\/strong><\/p>\n<p><strong>Daily time frame<\/strong><\/p>\n<p>The price broke out the upper side of the A-symmetric triangle and got to the target of \u201cABCD\u201d the level of 1.6680. The next target is 1.6770.<\/p>\n<p><strong><a href=\"http:\/\/www.real-forex.com\/charts-daily\/r\/7.jpg\">As can be seen by the graph bellow:<\/a><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/r\/7.jpg\" alt=\"\" width=\"500\" height=\"313\" \/><\/p>\n<p><strong>4 hour time frame<\/strong><\/p>\n<p>The complete target of the range is at the level of 1.6870 and the target of this pattern \u201cABCD\u201d coincides with this target. The break out of the level 1.6750 and the price will most probably get to the level of 1.6870.<\/p>\n<p><strong>Potential Trade<\/strong><\/p>\n<p><strong>Long<\/strong><\/p>\n<p>Enter: 1.6755<\/p>\n<p>Stop: 1.6625<\/p>\n<p>Target: 1.6870<\/p>\n<p><strong><a href=\"http:\/\/www.real-forex.com\/charts-daily\/r\/8.jpg\">As can be seen by the graph bellow:<\/a> <\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/r\/8.jpg\" alt=\"\" width=\"500\" height=\"313\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Important news for the 02.05.2011<\/strong><\/p>\n<p>Time: 02.15- CHF Retail sales y\/y<\/p>\n<p>Time: 08:00- GBP BOE government king speaks<\/p>\n<p>Time: 09:00 -USD ISM manufacturing PMI<\/p>\n<p>F10.1 news for the 02.05.2011<\/p>\n<p>: bly get to the level of 1.6870.<\/p>\n<p>t to the r which e of the seocnd<\/p>\n<p><strong> <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most probably the price will retrace for the upper side of the break out channel (broken red). The break out of the level of 1.4880 will continue its course of the Euro upward towards the levels in the daily and monthly time frame.<\/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-20918","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20918","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=20918"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20918\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}