Currency Analysis for August 18, 2011

EUR / USD

For today's the day we might consider opening a location in buying if the exchange ratio would go up and exceed the rising share of 1.4450, with the first goal at a height of 1.4470 and 1.4490 share for the second goal. If the price of this cross should continue to go down to break down the share of 1.4350, we could open a new sales position by fixing the first goal at a height of 1.4330 and 1.4310 share for the second goal.

EUR / GBP

For today's session we could open a new long position, in the purchase, if the value of the exchange rate should break the rising share of 0.8780, setting the first goal to achieve the price target at 0.8790 and the second value is reached 0.8800. If the exchange ratio of 0.8690 should break the price, we could open a new sales position by fixing the first goal at a height of 0.8680 and 0.8670 share for the second goal.

USD / JPY

For today's session we open a long position if the price of the exchange rate between U.S. dollar and Japanese yen were to overcome the rising share of 76.80, placing the first goal at a height of 76.90 and 77.00 seconds at an altitude goal. If the price of this break exchange ratio would fall below the quota of 76.35, we could open a new short position with the first goal at a height of 76.20 and the second target at an altitude of 76.10.

GBP / USD

With regard to this relationship of currencies, for the session today we open a long position if the price were to break the rising share of 1.65950, setting the first goal at a height of 1.6620 and 1.6640 share for the second goal. If the price were to fall below the break of 1.6395 share, we open a position for sale by fixing the first goal at a height of 1.6380 as the second goal and the share of 1.6360.

Posted in: Forex