Signals Technical Analysis

As euro has retreated after intra-day brief but strog rebound from 1.3468 to 1.3518, suggesting consolidation with downside bias would be seen, however, below 1.3468 needed to confirm recovery from yesterday's low of 1.3446 is over n yield re-test of said sup. Reinstate short on pullback with stop as indicated, break risks stronger bounce to 1.3550 b4 down. Range Forecast 1.3468 / 1.3505 Resistance/Support R: 1.3518/1.3560/1.3614 S: 1.3468/1.3446/1.3400

What defines a day trader is that he does not hold on to a stock for more than a day. When the trader is attempting to sell off all his/her stock positions within the closing time of the trading day, it is best to make use of technical analysis. This analysis is highly recommended for day trading. It observes the stock prices over the past, whether that be a month, a day or even an hour in order to determine the next likely change in the stock price. So by looking at a pattern you can perhaps follow a trend. Technical analysis often comes in the form of charts or graphs. Not every trader is a mathematical engineer meaning that technical analysis needs to be simple to follow and understand. There are of course much more complicated forms of technical analysis and, well, if you feel comfortable using them, then you should. The most common terms you’ll come across are “Support”, this...

The greenback came back after the better than estimated US confidence data which showed improvement to 50.2 in October from the revised 48.6 while analysts expected 49.9. However, the dollar remains under pressure before next week's Fed meeting which is expected to witness a second round stimulus to give another boost to the economy that started to show sluggishness. The dollar index rebounded from a low of 77.03 to a high of 77.68 where it is doing attempts to breach resistance at that level. On the other hand, the euro slipped after Mohamed A. El-Erian, Pacific Investment Management Co. Chief Executive Officer, said Greece will fall into default over the coming three years as the announced austerity measures are not sufficient to reduce the budget deficit that reached 13.6% of GDP last year. The announcement raised concerns that despite the improvement seen recently debt woes will cause recovery to falter. Concerning the euro-dollar pair, it is plummeted to a low of 1.3838 below 1.40 key...

Oct 24 (Reuters) - The Group of 20 major economies vowed to avoid competitive currency devaluations and shifted more power to emerging economies at the IMF, taking steps that analysts viewed as important for averting trade wars and promoting flexible exchange rates. Following is a summary of reserves reports issued by analysts about the G20 communique and outcomes following the gathering of finance ministers and central bankers.  --------------------------------------------------------- THOMAS STOLPER, CHIEF CURRENCY STRATEGIST, GOLDMAN SACHS, LONDON "The outcome of the G20 meeting clearly shows progress in the global rebalancing policy debate. In particular the FX relevant sections have become a lot more prominent and all the key issues have found some mention, including current account positions, protectionism, capital controls and exchange rate flexibility. "At the same time, this is not a Plaza-style statement that signals a broad agreement on the role currencies have to play in the global rebalancing. Just taking the first sentence of the FX bullet, the language is not tight enough to...