empty
 
 
Você está prestes a sair
www.instaforex.eu >
de um site operado pela
INSTANT TRADING EU LTD
Abrir Conta

04.11.201108:50 Forex Analysis & Reviews: EUR/USD Intraday Breakout for November 4th, 2011.

Long-term review
Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

Exchange Rates 04.11.2011 analysis

Pivot Point: 1.3774.

Exchange Rates 04.11.2011 analysis

EUR/USD (Breakout):

  • Resistance: 1.3870. (Buy above this level).
  • Support: 1.3780. (Sell below this level).


It should be noted that the market was not stable and trend was not also so clear, aswell according to previous events, the price has still been trapped between 1.3780 and 1.3870 so it is of the wisdom to be neutral at this area. Therefore first step is wait for a period of tight sideway range market before breakouts. Then, it will probably that the market is going to start showing the signs of bullish market (Can expect explosive breakout). In other words, it will be a good sign to buy above above 1.3870 with a first target of 1.4 and price breakout and it'll climb towards 1.41. However, If the the pair breaks 1.3780 and closure below it, hence the market will indicate a bearish opportunity below 1.3780 then the support will be become a resistance, for that it will a good sign to sell below 1.3780 with a first target of at 1.3690 and it will call for downtrend in order to continue bearish towards 1.3606 (0.0% of Fibonacci retracement levels on H1 chart), in order to form new double bottom at this level.

Exchange Rates 04.11.2011 analysis

Intraday Technical levels ((4th of November 2011)):

R3: 1.4091
R2: 1.3972
R1: 1.3893
PP: 1.3774
S1: 1.3695
S2: 1.3576
S3: 1.3497

Exchange Rates 04.11.2011 analysis

Definition (s):

Breakout strategy: it's one of the best strategy has ever seen, but it so difficult and too complex. (Most important to find the trend power from Y = aX + b)

Breakout1 – Waits for a slowdown in volatility and then trades in the direction of the subsequent breakout. It is very short-term in nature, uses fixed stop losses and profit targets, and works best in fast-moving markets.

Breakout2 – A breakout strategy that looks to go long when a currency pair breaks above its 24-hour trading range, short on a break below. Unlike a raw channel breakout strategy,

However, Breakout2 uses an SSI trend filter to confirm whether or not price is likely to continue in the direction of the breakout. It opens a trade with five units and staggers entries and exits according to a pair’s Average True Range.

Exchange Rates 04.11.2011 analysis

Observation (s):

Please check out the market volatility before investing, because the sight price may have already been reached and scenarios become invalidate.
Stop Loss should NEVER exceed your maximum exposure amounts.

Mourad El Keddani
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




Agora você está saindo do www.instaforex.eu, um site operado pela INSTANT TRADING EU LTD
Não pode falar agora?
Faça sua pergunta no chat.

Turn "Do Not Track" off