(RTTNews) - In early European deals on Friday, the Canadian dollar soared against the currencies of U.S., Europe and Australia as investors await Canada's GDP report for May, which is due at 8:30 am ET. The loonie jumped to a 2-day high against the euro.
Crude oil slipped today as Asian and European equities dropped on mounting concern about the health of the U.S. economy. At 5:26 am ET, U.S. September crude lost 73 cents to $77.63 a barrel.
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Friday, July 30, 2010
Wednesday, July 14, 2010
Quarterly Outlook for EUR
July 14th, 2010
The Euro is still trying to base around 1.2135, which is the average of its weakest ever (0.8228 October 2000) and its strongest (1.6040 July 2008). Using the Deutschemark to calculate the long term average, the mean of the last 25 years lies at 1.1925. The daily chart has completed a small inverted ‘head-and-shoulders’ bottom against a low at 1.1876, giving us a first measured target at 1.3100. The consolidation process and periods of anxiety will probably drag on all summer, with prices likely to hold between 1.2135 and 1.3535 most of the time.
A monthly close clearly below 1.1900 forces us to consider a sell scenario.
Follow Me (Ivan Cavric) for regular updates. See You Tomorrow
"Forex Frontiers" The Art of Becoming a Successful Currency Trader
The Euro is still trying to base around 1.2135, which is the average of its weakest ever (0.8228 October 2000) and its strongest (1.6040 July 2008). Using the Deutschemark to calculate the long term average, the mean of the last 25 years lies at 1.1925. The daily chart has completed a small inverted ‘head-and-shoulders’ bottom against a low at 1.1876, giving us a first measured target at 1.3100. The consolidation process and periods of anxiety will probably drag on all summer, with prices likely to hold between 1.2135 and 1.3535 most of the time.
A monthly close clearly below 1.1900 forces us to consider a sell scenario.
Follow Me (Ivan Cavric) for regular updates. See You Tomorrow
"Forex Frontiers" The Art of Becoming a Successful Currency Trader
Legal disclaimer and risk disclosure
The opinion herein is an analytical tool only and is not intended to replace individual research. The service is offered as an opinion on the current state of the market with anticipated trading signals but not recommendations. The information provided herein should not be relied on as a substitute for extensive independent research before making your trading/investment decisions. Ivan Cavric is merely providing this opinion for your general information. No representation is being made that any view or opinion will guarantee profits or not result in losses from trading. In addition any projections or views of the market provided may not prove to be accurate. The opinions are subject to change without notice. Opinions or views expressed herein are not meant to be either investment advice or a solicitation or recommendation to establish market positions. Ivan Cavric will not be responsible for any losses incurred on investments made by readers and traders as a result of any information contained in this opinion. The information contained is private and may not be distributed or shared.
Tuesday, July 13, 2010
A Look At July 13th Possible Signals
July 13, 2010
Short term weekly trade:
GBP/USD
If it breaks the support level of 1.4912, then we can see it easily trading down to 1.4770-1.4800 quickly.
Trading idea:
Short at entry 1.5030 and place a stop loss 1.5140
Downside target : 1.4830 at least., and afterwards 1.4770-1.4750
Follow Me (Ivan Cavric) for regular updates. See You Tomorrow
"Forex Frontiers" The Art of Becoming a Successful Currency Trader
Short term weekly trade:
GBP/USD
If it breaks the support level of 1.4912, then we can see it easily trading down to 1.4770-1.4800 quickly.
Trading idea:
Short at entry 1.5030 and place a stop loss 1.5140
Downside target : 1.4830 at least., and afterwards 1.4770-1.4750
Follow Me (Ivan Cavric) for regular updates. See You Tomorrow
"Forex Frontiers" The Art of Becoming a Successful Currency Trader
Legal disclaimer and risk disclosure
The opinion herein is an analytical tool only and is not intended to replace individual research. The service is offered as an opinion on the current state of the market with anticipated trading signals but not recommendations. The information provided herein should not be relied on as a substitute for extensive independent research before making your trading/investment decisions. Ivan Cavric is merely providing this opinion for your general information. No representation is being made that any view or opinion will guarantee profits or not result in losses from trading. In addition any projections or views of the market provided may not prove to be accurate. The opinions are subject to change without notice. Opinions or views expressed herein are not meant to be either investment advice or a solicitation or recommendation to establish market positions. Ivan Cavric will not be responsible for any losses incurred on investments made by readers and traders as a result of any information contained in this opinion. The information contained is private and may not be distributed or shared.
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