Currency Analysis for August 19, 2011

EUR / USD

This currency pair has so far registered a decline for the day today we see the opening of a new long position if the price were to break the rising share of 1.4350, with the primary objective, and 1,437 share as a second objective part 1439. If the price falls to 1.4245 share to break downward, then we could open a short position with the first goal at a height of 1.4230 and 1.4210 share for the second goal.

EUR / GBP

Long route for this cross currency, the pound is gaining more strength. For this meeting as we open a position in the purchase if the value of the exchange rate should break the rising share of 0.8750, setting a first target share and 0.8770 share of 0.8780 as the second goal. If the price of this exchange ratio of 0.8650 share should break downward, we could open a short position with the first goal at a height of 0.8630 and 0.8620 share for the second goal.

USD / JPY

For today's session about this exchange ratio could open a new long position if the value of the exchange ratio would exceed the quota of 76.85 upwards, with the first goal at a height of 76.90 and 77.00 seconds at an altitude goal. If the price had yet to descend downward to break the share of 76.45 could then open a new sales position by setting the first target share of 76.30 seconds and the goal is reached at an altitude of 76.20.

GBP / USD

For today's session we open a long position in case the value should go up to break up the rising share of 1.6530, setting a first target share and 1.6550 share of 1.6570 as the second goal. If the price falls to the bottom and break the share of 1.6430, then we could open a short position with the first goal at a height of 1.6420 and 1.6410 share for the second goal.

Posted in: Forex