The Euro gives war to the Dollar

After two days the euro consolidating positions returned to take another step forward in ...

... Define the upward trend over the last nine weeks, in a move that could not find the brake until the 1.35 area figures.

Short-term situation:

The upward trend that defines the euro against the dollar over the past two months is maintained at all existing and after passing short as potential turning points were the 1.3130 figure increases now could be extended to an area, 35 figures, whose recovery would reach 50% of the previous fall from 1.52.

However, as we have been pointing them in recent days that can be observed record nine weeks in the euro bulls warns us of the high existing overbought, which could end at any time causing a depletion buyer and the beginning of a corrective phase would serve to adjust some of the strong movement of appreciation.

For now, we are unable to detect any technical evidence that points downward in that direction and we believe there will not be worthy of note until we are able to see a weekly closing lows but lost the previous week (the last at 1.3050 ) or be able to see a bearish weekly candle line that suggests a ceiling on the climbs. The first thing has not happened for two months and the second will follow the evolution of the euro this week, especially if it reaches potential turning points such as the 1.35 figure.

Trend Situation:

The line of sailing month of July seems to speak of resurrection potential trend from an area of medium to long term as is the 1.15 / 1.25 figures. However, we can not talk of new technical evidence bullish until we are able to observe two week minimum on rising. For the latter it is necessary to correct the rise in recent weeks, that this correction does not deepen below 1.1874 and subsequently achieve the euro bulls break a weekly close the origin of this hypothetical correction. All this and appreciating what we will see in the coming weeks.

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El Euro da guerra al Dolar

Después de dos jornadas consolidando posiciones el euro volvió a dar un nuevo paso adelante dentro de ...

...la tendencia alcista que define a lo largo de las últimas nueve semanas, en un movimiento que podría no encontrar freno hasta la zona de las 1,35 figuras.

Situación de corto plazo:

La tendencia alcista que define el euro frente al dólar a lo largo de los últimos dos meses se mantiene del todo vigente y tras superar a corto puntos de giro potenciales como eran las 1,3130 figuras las subidas podrían extenderse ahora hasta la zona de 1,35 figuras, cuyo alcance supondría una recuperación del 50% de toda la caída previa desde 1,52.

Ahora bien, como les venimos señalando estos últimos días, el hecho de que se puedan observar nueve semanas de registro alcistas en el euro nos advierte de la elevada sobrecompra existente, lo cual podría acabar provocando en cualquier momento un agotamiento comprador y el comienzo de una fase correctiva que serviría para ajustar parte de este fuerte movimiento de apreciación.

De momento, somos incapaces de detectar ninguna evidencia técnica bajista que apunte hacia esa dirección y consideramos que no la habrá digna de destacar mientras no seamos capaces de ver un cierre semanal que bien pierda los mínimos de la semana anterior (los últimos en 1,3050) o bien seamos capaces de ver una línea de vela semanal bajista que sugiera un techo en las subidas. Lo primero no ha sucedido desde hace dos meses y para lo segundo habrá que seguir la evolución del euro esta semana, máxime si alcanza puntos de giro potenciales como son las 1,35 figuras.

Situación tendencial:

La línea de vela mensual de julio parece hablar de resurrección potencial en tendencia desde una zona de soporte a medio y largo plazo como es la de 1,15/1,25 figuras. Con todo, no podremos hablar de nuevas evidencias técnicas alcistas mientras no seamos capaces de observar dos mínimos relativos semanales ascendentes. Para esto último es preciso que se corrija el ascenso de las últimas semanas, que esta corrección no profundice por debajo de los 1,1874 y que posteriormente los alcistas logren que el euro rompa a cierre semanal el origen de esta hipotética corrección. Todo ello lo iremos viendo y valorando durante las próximas semanas.

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EUR / USD: Looking for clues in the weekly close

Second consecutive session in which the euro consolidates positions as ...

... Ante is likely to be a mere pause before more gains.

Short-term situation:

The upward trend that defines the euro against the dollar over the past two months is maintained at all existing and after passing short as potential turning points were the 1.3130 figure increases now could be extended to an area, 35 figures, whose recovery would reach 50% of the previous fall from 1.52.

However, as we have been pointing them in recent days, as can be seen eight weeks of registration bullish on the euro, which warns us that overbought is becoming so high that it can end up causing a stock buyer and the beginning of a corrective phase would serve to adjust some of the strong movement of appreciation.

For now, we are unable to detect any technical evidence that points downward in that direction and we believe there will not be worthy of note until we are able to see a weekly closing lows but lost last week or end in a line of bearish candle that suggests a ceiling on the climbs. The first thing has not happened for two months and see how complicated it happen this week and for the latter would require that this week the euro had just closed near the lows of it, preferably below the highs of the last-in-1 3107. In this case we would be ahead of what is known as Shooting Star, which is a potentially bearish candle.

Location trend:

The line of sailing month of July seems to speak of resurrection potential trend from an area of medium to long term as is the 1.15 / 1.25 figures. However, we can not talk of new technical evidence bullish until we are able to observe two week minimum on rising. For the latter it is necessary to correct the rise in recent weeks, that this correction does not deepen below 1.1874 and subsequently achieve the euro bulls break a weekly close the origin of this hypothetical correction. All this and appreciating what we will see in the coming weeks.

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EUR/USD: Buscando pistas en el cierre semanal

Segunda sesión consecutiva en la que el euro consolida posiciones en lo que ...

...a priori tiene visos de ser una simple pausa previa a mayores alzas.

Situación de corto plazo:

La tendencia alcista que define el euro frente al dólar a lo largo de los últimos dos meses se mantiene del todo vigente y tras superar a corto puntos de giro potenciales como eran las 1,3130 figuras las subidas podrían extenderse ahora hasta la zona de 1,35 figuras, cuyo alcance supondría una recuperación del 50% de toda la caída previa desde 1,52.

Ahora bien, como les venimos señalando estos últimos días, ya pueden observarse ocho semanas de registro alcistas en el euro, lo cual nos advierte de que la sobrecompra comienza a ser tan elevada que puede acabar provocando un agotamiento comprador y el comienzo de una fase correctiva que serviría para ajustar parte de este fuerte movimiento de apreciación.

De momento, somos incapaces de detectar ninguna evidencia técnica bajista que apunte hacia esa dirección y consideramos que no la habrá digna de destacar mientras no seamos capaces de ver un cierre semanal que bien pierda los mínimos de la semana anterior o bien acabe formando una línea de vela bajista que sugiera un techo en las subidas. Lo primero no ha sucedido desde hace dos meses y vemos muy complicado que ocurra esta semana y para lo segundo sería preciso que esta semana el euro acabara cerrando cerca de los mínimos de la misma, preferiblemente por debajo de los máximos de la pasada en 1,3107. En este caso estaríamos delante de lo que se conoce como Estrella Fugaz, que es una vela potencialmente bajista.

Situación tendencial:

La línea de vela mensual de julio parece hablar de resurrección potencial en tendencia desde una zona de soporte a medio y largo plazo como es la de 1,15/1,25 figuras. Con todo, no podremos hablar de nuevas evidencias técnicas alcistas mientras no seamos capaces de observar dos mínimos relativos semanales ascendentes. Para esto último es preciso que se corrija el ascenso de las últimas semanas, que esta corrección no profundice por debajo de los 1,1874 y que posteriormente los alcistas logren que el euro rompa a cierre semanal el origen de esta hipotética corrección. Todo ello lo iremos viendo y valorando durante las próximas semanas.

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Euro-Norwegian Krone: The Razor's Edge

Despite not making a priori expected to keep open the strategy ...

Trading Status:

Despite not making a priori expected to keep open the bullish strategy euro / Norwegian krone, although we are becoming more demanding and will not afford to lose any significant support without us to take tough decisions.

Dates back and looked back at the operational and reference were ascending stop to 7.90. Again, we have to move that stop up to 7.9370. The loss of this level would enable the transfer of the guideline bullish as you can see in the attachment, is leading the euro rises against the Norwegian kroner over the past few weeks. In fact, closing below 7.9370 would confirm peaks decreasing daily chart, which would not make much sense in a context of restructuring bullish as we wanted.

Bull Strategy Review: We keep raising the stop long to 7.9370.

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Euro-Corona Noruega: Al filo de la navaja

A pesar de que no está haciendo lo esperado a priori mantenemos abierta la estrategia ...

Situación de Trading:

A pesar de que no está haciendo lo esperado a priori mantenemos abierta la estrategia alcista euro / corona noruega, si bien cada vez somos más exigentes y no vamos a permitir que se pierda ningún soporte relevante sin que ello nos haga tomar decisiones drásticas.

Fechas atrás ya revisábamos esta operativa y elevábamos la referencia de stop a los 7,90. Pues bien, volvemos a subir ese stop hasta los 7,9370. La pérdida de este nivel habilitaría la cesión de la directriz alcista que, como pueden ver en el adjunto, viene guiando las subidas del euro frente a la corona noruega a lo largo de las últimas semanas. De hecho, cierres por debajo de los 7,9370 confirmarían crestas decrecientes en gráfico diario, lo cual no tendría mucho sentido en un contexto de reestructuración alcista como el que buscábamos.

Revisión Estrategia Alcista: Mantenemos largos elevando el stop a los 7,9370.

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The yen's upward trend may be changing course

Despite the recovery that starred the yen in yesterday's session, we can say that something has changed ...

... In the short term after watching last Tuesday, the yen lost key support references against currencies as important as the euro, the dollar and the pound sterling.

In these three currency crosses Japan has deployed around figures that suggest an upward trend might have changed sign. The question now and what we focus the following discussion on the yen is whether this change in trend may be somewhat sustainable over time or is just something temporary and more the result of overbought in the yen than a change in their expectations.

First request is granted will depend largely on the success of the current restructuring effort that is taking place upward in the Nikkei from key support area of 9,000 integers. In an environment where the yen continues to appreciate against the dollar and other currencies, the Nikkei is very unlikely to be rearranged and most likely to end up losing the support of 9,000.

The euro / yen and the pound / yen achieve long-term supports

The following attachments may see the evolution of the pound and the euro against the yen. Notice how in both crosses the downward trend of recent months has been corrected 78.60% of all the last major move higher. In the case of the pound which we speak began in the least January 2009 while the euro is to go much further back and that the uptrend has been corrected in that proportion, that we remember is the maxim theory so as not to encourage the return to the beginning of the movement, began a decade ago, namely in October 2000.

Therefore, we are talking about turning points that are of medium to long term and hence can not be ruled out, at least a priori, that figure back or upward turn signals in these areas of strong support to end up drifting in sustainable increases beyond what the short term.

Cancel this hypothesis upward rotation, or at least, should talk of a restructuring upward much more complex, where the pair euro / yen miss media that figures presented in the 110 while in the pound / yen this support appears in the 130 figures.



The dollar / yen is also a tendency to change

In the case of the dollar against the yen, the technical situation is a bit more complicated as the long-term graph does not give us significant clues that point toward the possibility of seeing a floor in the downward trend that defines the dollar against the yen this recent months. In fact, it would have been necessary to see the dollar / yen to fall below the minimum in December 2009 in 84.79, in order to reach a potential pivot point and support base would be important as the broad bearish channel we show in the accompanying graph. Moreover, this would be the target of bearish pattern which confirmed the pair dates back after losing 88 media figures.

However, one can not rule out that the dollar may appreciate against the yen and in this direction is the small pattern on Tuesday confirmed as a double floor in 86.23. While not miss this support will go along the current attempt to reorganize the upside, above all, we insist, those investors who have exposure in your portfolio in Japanese equities.

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La tendencia alcista del yen podría estar cambiando de rumbo

Pese a la recuperación que protagonizó el yen en la sesión de ayer, podemos afirmar que algo ha cambiado ...

...en el corto plazo después de ver como el pasado martes el yen perdía referencias de soporte clave frente a divisas tan importantes como el euro, el dólar y la libra esterlina.

En estos tres cruces la divisa nipona ha desplegado figuras de vuelta que sugieren que su tendencia alcista podría haber cambiado de signo. La cuestión ahora y lo que centrará el siguiente debate en torno al yen es si este cambio de tendencia puede ser algo sostenible en el tiempo o simplemente es algo transitorio y más fruto de la sobrecompra en el yen que a un cambio en sus expectativas.

Que se cumpla lo primero dependerá en gran medida que tenga éxito el actual intento de reestructuración alcista que está teniendo lugar en el Nikkei desde la zona de soporte fundamental de los 9.000 enteros. En un entorno en el que el yen siga apreciándose frente al dólar y resto de divisas el Nikkei es muy improbable que pueda reordenarse al alza y muy probablemente acabe perdiendo ese soporte de los 9.000.

El euro / yen y la libra / yen alcanzan soportes de largo plazo

En el siguiente adjunto pueden ver la evolución de la libra y el euro frente al yen. Fíjense como en ambos cruces la tendencia bajista de los últimos meses ha corregido un 78,60% de todo el último gran movimiento alcista. En el caso de la libra les hablamos del que tuvo su inicio en los mínimos de enero de 2009 mientras que en el euro hay que irse mucho más atrás ya que la tendencia alcista que ha sido corregida en esa proporción, que recordemos es la máxima según la teoría para no tener que favorecer la vuelta al origen del movimiento, comenzó hace una década, concretamente en octubre del año 2000.

Por tanto, les estamos hablando de puntos de giro que son de medio / largo plazo y de ahí que no se pueda descartar, al menos a priori, que figuras de vuelta o señales de giro alcista en esas zonas de fuerte soporte puedan acabar derivando en subidas sostenibles más allá de lo que es el corto plazo.

Cancelaría esta hipótesis de giro al alza o, cuando menos, habría que hablar de una reestructuración alcista mucho más compleja, en el caso de que el par euro / yen pierda soportes que presenta en las 110 figuras mientras que en la libra / yen este soporte aparece en las 130 figuras.



El dólar / yen también trata de cambiar su tendencia

En el caso del dólar frente al yen la situación técnica es un poco más complicada puesto que el gráfico de largo plazo no nos da pistas significativas que apunten hacia la posibilidad de haber visto un suelo en la tendencia bajista que define el dólar frente al yen estos últimos meses. De hecho, hubiera sido preciso ver al dólar / yen caer por debajo de los mínimos de diciembre de 2009 en los 84,79, para que se alcanzara un punto de giro potencial y soporte importante como sería la base del amplio canal bajista que les mostramos en el gráfico adjunto. Es más, ese sería el objetivo del patrón bajista que confirmó fechas atrás este par tras perder soportes de 88 figuras.

Con todo, tampoco se puede descartar que el dólar pueda apreciarse frente al yen y en esa dirección va la pequeña pauta que el martes confirmó en forma de doble suelo en los 86,23. Mientras no se pierda este soporte habrá que ir siguiendo el actual intento de reordenación alcista, sobretodo, insistimos, aquellos inversores que tengan en su cartera exposición en la renta variable japonesa.

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Aussie / dollar: Now or never

The technical situation Aussie dollar against the U.S. dollar has not changed

Location technique:

The technical situation Aussie dollar against the U.S. dollar has not changed in recent days, so that the process continues assault on the resistance zone that separates the pair of a return to the previous high area. The situation of recent days, however, offers the possibility to discern a pattern of double-roof-t1t2-in case of loss of 0.863, a level which could provide a reference for an aggressive trader who is unwilling to continue extending the wait operating in a trend that was born with a vocation but has run out of time-something that otherwise happens often and is faced with patience the trend trader. Losing that the reference level could be on his way to stop a trend in the 0.83.

Strategic review:

The Aussie is now a lateral movement, it should place a stop aggressive under 0.863

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Aussie/Dólar: Ahora o tal vez nunca

La situación técnica del dólar aussie frente al billete verde norteamericano no ha variado

Situación técnica:

La situación técnica del dólar aussie frente al billete verde norteamericano no ha variado en las últimas jornadas, de tal modo que sigue el proceso de asalto a la zona de resistencia que separa al par de una vuelta a la zona de altos previos. La situación de las últimas jornadas, sin embargo, ofrece la posibilidad de vislumbrar una pauta de tipo doble techo -t1t2- en caso de pérdida del 0,863, nivel que podría ofrecer una referencia agresiva para un operador que no esté dispuesto a seguir alargando la espera en una operativa que nació con vocación tendencial pero se ha quedado sin momento -algo que por otro lado pasa frecuentemente y a lo que debe enfrentarse con paciencia el trader en tendencia. Perder ese nivel podría a la referencia rumbo a su stop en tendencia en los 0,83.

Revisión estratégica:

El Aussi sigue en estos momentos un movimiento lateral, se deberia de colocar un stop agresivo bajo 0,863.

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Global manufacturing is slowing for orders decline: PMI

LONDON (Reuters) - Global manufacturing growth slowed in June after a sharp drop in new orders, a survey showed on Thursday.

The overall PMI index for the manufacturing sector, prepared by JPMorgan with research organizations and management of supply, fell to 55.0 in June from 57.0 points reached in May, but still above the 50 mark points separates growth from contraction.

"The June PMI data gives more signs that growth in the global manufacturing sector is cooling from the high levels we saw earlier this year," said David Hensley at JPMorgan.

"However, although rates of expansion in production, new orders and employment fell during the month, growth remains solid overall level and exceeds the long-term trend," he added.

The new orders index fell to 55.5 in June from 58.9 in May, a new 11-month low, after the national PMI rates in the U.S., the Eurozone, Asia and Britain, pointed to a slowdown in orders.

Global manufacturing output grew but at its weakest pace since last November, JPMorgan said after the rate for this segment fell to 57.3 from 59.3.

Although employment continued to climb in all industrialized economies covered by the survey, the rate of progress slowed in June.

PMI surveys released on Thursday showed that manufacturing growth in China hit its lowest level in over a year, while a separate report for major Japanese manufacturers showed fear in the sector about the prospects for the future.

The index combines data from countries such as USA, Japan, Germany, France, the United Kingdom, China and Russia.

(Reporting by Andy Bruce)

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Sector manufacturero global se desacelera por caída pedidos: PMI

LONDRES (Reuters) - El crecimiento del sector manufacturero global se desaceleró en junio, tras una fuerte baja en los nuevos pedidos, mostró el jueves un sondeo.

El índice PMI global para el sector manufacturero, elaborado por la firma JPMorgan con organizaciones de investigación y gerencia de abastecimiento, cayó a 55,0 en junio desde los 57,0 puntos alcanzados en mayo, aunque sigue por sobre la marca de 50 puntos que separa el crecimiento de la contracción.

"El dato del PMI de junio da mayores señales de que el crecimiento en el sector manufacturero global se está enfriando desde las elevadas tasas que vimos a comienzos de año", dijo David Hensley de JPMorgan.

"Sin embargo, aunque las tasas de expansión en la producción, los nuevos pedidos y el empleo cayeron durante el mes, el crecimiento sigue siendo sólido a nivel general y supera la tendencia a largo plazo", agregó.

El índice de nuevos pedidos cayó a 55,5 en junio desde 58,9 en mayo, un nuevo mínimo de 11 meses, después de que los índices PMI nacionales en Estados Unidos, la zona euro, Asia y Gran Bretaña apuntaran a una desaceleración en los pedidos.

La producción manufacturera global creció pero a su ritmo más débil desde noviembre pasado, dijo JPMorgan, luego de que el índice para este segmento cayera a 57,3 desde 59,3.

Aunque el empleo siguió trepando en todas las economías industrializadas cubiertas por el sondeo, el ritmo del avance se desaceleró en junio.

Sondeos PMI publicados el jueves mostraron que el crecimiento manufacturero en China tocó su nivel más bajo en más de un año, mientras que un informe separado para los grandes manufactureros japoneses mostró temor en el sector ante las perspectivas a futuro.

El índice combina datos de países como Estados Unidos, Japón, Alemania, Francia, el Reino Unido, China y Rusia.

(Reporte de Andy Bruce)

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Euro back, play more than four years minimum

NEW YORK (Reuters) - The euro fell below $ 1.19 on Monday for the first time in more than four years, but recovered some ground after a figure for the German manufacturing sector led investors take profits recent decline of the currency.

Demand for European corporations helped the euro to recover after falling to $ 1.1876, its weakest level since March 2006.

However, the currency was still below the $ 1.20 mark, a level perforated on Friday after Hungary made a stern warning about the state of their finances.

"After the warning of Hungary and data weaker than expected U.S. employment on Friday, sales of euro became a bit exaggerated," said Amelia Bourdeau, strategist at UBS in Stamford, Connecticut.

"Things were exaggerated last week, but not much on the horizon to be positive for the euro," he added.

Figures released on Friday showed that speculators cut their net short positions slightly on the euro in the week ended June 1, yet still positioned strongly against the single currency, which so far this year has lost about 17 percent against the dollar.

In half-day operations in New York, the euro was down 0.1 percent at $ 1.1961. On Friday, the currency fell 1.5 percent after a report worse than expected for the job market in the United States suggested that the overall recovery may be losing strength, reducing the attractiveness of risky assets.

Against the yen, the euro was virtually unchanged at 110.03 points, while the dollar rose 0.1 percent to 91.99 yen. Earlier, the euro hit a record 1.3850 Swiss franc, falling 0.4 percent.

The pound sterling was up 0.2 percent against the dollar at $ 1.4490 while the euro fell to a minimum of 18 months of 82.12 pence, after traders said that investors were leaving to buy German bonds notes of the British debt because of fears related to the euro zone.

A better-than expected in manufacturing orders in Germany and a reasonable demand for a bond issue in Belgium supported the euro on Monday, according to market participants.

But fears about the fiscal problems have not disappeared. Hungary-EU member, but not in the euro area "shook the markets on Friday when the new government ombudsmen said that the country could face a crisis similar to that of Greece.

That revived fears about the exposure of European banks to the countries of the region with high levels of debt.

Although the problems of Hungary are not considered as severe as those of Greece, some analysts say this could be more vulnerable to the crisis and that does not belong to the euro area and does not use currency.

(Additional reporting by Naomi Tajitsu in London)

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Euro retrocede, toca mínimo más de cuatro años

NUEVA YORK (Reuters) - El euro caía por debajo de los 1,19 dólares el lunes por primera vez en más de cuatro años, pero recuperó cierto terreno después de que un dato para el sector manufacturero alemán llevara a los inversionistas a tomar ganancias del reciente declive de la moneda.

La demanda de las corporaciones europeas ayudó a que el euro se recuperara después de caer a 1,1876 dólares, su nivel más débil desde marzo del 2006.

Sin embargo, la moneda seguía por debajo de la marca de 1,20 dólares, nivel perforado el viernes después de que Hungría hiciera una dura advertencia sobre el estado de sus finanzas.

"Tras la advertencia de Hungría y datos más débiles que los esperados en el empleo estadounidense el viernes, las ventas de euros se tornaron un poco exageradas", dijo Amelia Bourdeau, estratega de UBS en Stamford, Connecticut.

"Las cosas se exageraron la semana pasada, pero no hay mucho en el horizonte que sea positivo para el euro", agregó.

Cifras publicadas el viernes mostraron que los especuladores recortaron levemente sus posiciones cortas netas sobre el euro en la semana terminada el 1 de junio, pero aún así seguían posicionados fuertemente contra la moneda única, que en lo que va del año ha perdido cerca de un 17 por ciento frente al dólar.

En las operaciones de medio día en Nueva York, el euro caía un 0,1 por ciento a 1,1961 dólares. El viernes, la moneda cayó un 1,5 por ciento después de un informe peor de lo esperado para el mercado laboral en Estados Unidos que sugirió que la recuperación global podría estar perdiendo fuerza, disminuyendo el atractivo de los activos de riesgo.

Frente al yen, el euro operaba prácticamente sin cambios a 110,03 unidades, mientras que el dólar subía un 0,1 por ciento a 91,99 yenes. Previamente, el euro tocó un mínimo récord en 1,3850 francos suizos, cayendo un 0,4 por ciento.

La libra esterlina subía un 0,2 por ciento frente al dólar a 1,4490 dólares mientras que el euro cayó a un mínimo de 18 meses de 82,12 peniques, luego que los operadores señalaran que los inversionistas estaban abandonando los bonos alemanes para comprar notas de la deuda británica debido a los temores relacionados con la zona euro.

Un avance mayor de lo esperado en los pedidos manufactureros en Alemania y una demanda razonable durante una emisión de bonos en Bélgica respaldaron al euro el lunes, según participantes de mercado.

Pero los temores por los problemas fiscales no han desaparecido. Hungría -miembro de la Unión Europea, pero no de la zona euro- sacudió a los mercados el viernes cuando personeros del nuevo Gobierno señalaron que el país podría enfrentar una crisis similar a la de Grecia.

Esto revivió los temores relacionados con la exposición de los bancos europeos a los países de la región con elevados niveles de deuda.

Aunque los problemas de Hungría no son considerados tan severos como los de Grecia, algunos analistas señalan que este podría ser más vulnerable a la crisis ya que no pertenece a la zona euro y no emplea la divisa.

(Reporte adicional de Naomi Tajitsu en Londres)

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Forecast Currencies, Tuesday 8 June 2010

Free Signals Sign In

EUR-USD

It should go up to the resistance 1.1923-1.1930 after which should fall to 1.1869, after which bounce to 1.1984 should.

USD-CHF

If it is under 1.1653-1.1675 should fall to 1.1608 or 1.1586. If it ascend above 1.1675 could see above 1.1719.

GBP-USD

Should fall 1.4428-1.4383 after which should rise above 1.4515-1.4557.

USD-JPY

It should end its fall in 90.87, after which should rise above 91.98.

USD-CAD

If it is under 1.0649-1.0693 should fall below 1.0567 or 1.0529. If it ascend above 1.0693 could see it at 1.0769.

NZD-USD

Should rise to the resistance 0.6586-0.6628 after which should fall to 0.6541, a rebound is possible to 0.6673.

AUD-USD

It should go to the resistance from 0.8104-0.8143 after which should fall to 0.8058, after which they may get a bounce to 0.8189.

EUR-JPY

Should rise the resistance 108.94-109.11 after which should fall to 107.91, after which a rebound is possible to 110.14.

EUR-CHF

It should go up to the resistance 1.3868-1.3887 after which should fall to 1.3832. after which a rebound is possible to 1.3924.

EUR-GBP

Should fall from 0.8227 to 0.8202 after which should go up to .8271 to .8291.

EUR-CAD

Should go up to 1.2733. We can see the supports to 1.2618 or 1.2581.

EUR-NZD

It should complete its rise in 1.8109 or 1.8212 after which should fall 1.8005-1.7951.

EUR-AUD

It should complete its rise in 1.4839-1.4780. After which should fall to 1.4584.

GBP-CHF

Should fall 1.6794-1.6753. If it go up, should face 1.6794-1.6909. We should place the stop loss above 1.6990.

GBP-JPY

It should fall to 131.64-130.91 after which should go up to 133.02-133.66.

GBP-CAD

It should complete its rise in 1.5385 or 1.5434 after which should fall 1.5336-1.5298.

GBP-AUD

It should complete its rise in 1.8063-1.7964. After which should fall below 1.7633 for.

CAD-JPY

It should end its fall in 85.00, after which they should go up to 87.32.

NZD-JPY

It should go up to the resistance 60.18-60.66 after which should fall to 59.65, a rebound is possible 61.19.

AUD-JPY

It should go up to the resistance 74.04-74.46 after which should fall to 73.27, a rebound is possible 75.23.

XAG-USD

Should go up to 18.55 if 17.88 or 17.68 offers support. We should place the stop loss below 17.48.

XAU-USD

You should complete its rise in 1242.56 or 1253.18 after which should fall to 1231.94-1225.53.

Yours,
Da-Pay.Com

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Pronosticos Divisas, Martes 8 Junio 2010

Señales gratis Registrate

EUR-USD

Debería de subir a la resistencia 1.1923-1.1930 después de lo cual debería de caer a 1.1869, después de lo cual debería de rebotar a 1.1984.

USD-CHF

Si se encuentra por debajo de 1.1653-1.1675 debería de caer a 1.1608 o 1.1586. Si subiese por encima de 1.1675 podríamos verlo por encima de 1.1719.

GBP-USD

Debería de caer a 1.4428-1.4383 después de lo cual debería de subir por encima de 1.4515-1.4557.

USD-JPY

Debería de finalizar su caída en 90.87, después de lo cual debería de subir por encima de 91.98.

USD-CAD

Si se encuentra por debajo de 1.0649-1.0693 debería de caer por debajo de 1.0567 o 1.0529. Si subiese por encima de 1.0693 podríamos verlo en 1.0769.

NZD-USD

Debería de subir a la resistencia 0.6586-0.6628 después de lo cual debería de caer a 0.6541, es posible un rebote a 0.6673.

AUD-USD

Debería de subir a la resistencia 0.8104-0.8143 después de lo cual debería de caer a 0.8058, después de lo cual podría haber un rebote a 0.8189.

EUR-JPY

Debería de subir a la resistencia 108.94-109.11 después de lo cual debería de caer a 107.91, después de lo cual es posible un rebote a 110.14.

EUR-CHF

debería de subir a la resistencia 1.3868-1.3887 después de lo cual debería de caer a 1.3832. después de lo cual es posible un rebote a 1.3924.

EUR-GBP

Debería de caer a 0.8227-0.8202 después de lo cual debería de subir a 0.8271-0.8291.

EUR-CAD

Debería de subir a 1.2733. Podemos ver los soportes en 1.2618 o 1.2581.

EUR-NZD

Debería de finalizar su subida en 1.8109 o 1.8212 después de lo cual debería de caer a 1.8005-1.7951.

EUR-AUD

Debería de finalizar su subida en 1.4839-1.4780. Después de lo cual debería de caer a 1.4584.

GBP-CHF

Debería de caer a 1.6794-1.6753. Si subiese, debería de enfrentar 1.6794-1.6909. Deberíamos de colocar el Stop loss por encima de 1.6990.

GBP-JPY

Debería de caer a 131.64-130.91 después de lo cual debería de subir a 133.02-133.66.

GBP-CAD

Debería de finalizar su subida en 1.5385 o 1.5434 después de lo cual debería de caer a 1.5336-1.5298.

GBP-AUD

Debería de finalizar su subida en 1.8063-1.7964. Después de lo cual debería de caer por debajo de 1.7633.

CAD-JPY

Debería de finalizar su caída en 85.00, después de lo cual debería de subir a 87.32.

NZD-JPY

Debería de subir a la resistencia 60.18-60.66 después de lo cual debería de caer a 59.65, es posible un rebote a 61.19.

AUD-JPY

Debería de subir a la resistencia 74.04-74.46 después de lo cual debería de caer a 73.27, es posible un rebote a 75.23.

XAG-USD

Debería de subir a 18.55 si 17.88 o 17.68 ofrecen soporte. Deberíamos de colocar el Stop loss por debajo de 17.48.

XAU-USD

Debería de finalizar su subida en 1242.56 o 1253.18 después de lo cual debería de caer a 1231.94-1225.53.

Saludos,
Da-Pay.Com

——–

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EUR / USD: Beware of short positions

Complete and unquestionable Drilling minimum of 2008 to reinforce the idea that ...

... We are in a bearish primary trend. In the short term, however, doubts grow.

Short-term situation:

It is time to think about the new lows falling away the possibility of a rebound. Confirm the bearish situation of the euro against the greenback in mainstream, certainly, but complete the Elliott wave count we have been driving and we have already written somewhere that might be lacking a final subonda. The black candle on Friday, which returns to the euro / dollar to leave overbooking quantitative differences for the first time in weeks, could be the end of a stroke in May after the lateral triangular microwave as befits the subondas 4. After 4 of 5, 5 of 5. And that can lead to sustainable soil short-term but not to be given back through.

Trend Situation:

Rebound margin, a fact which clearly appears likely with a fall in 5 subondas involved, the prices seem to have in mind a move to 1.16 confirming a high standard monthly bass style that was left in the mid ' 90. Therefore, any rebound after a certain size may be, must return the fall of the euro / dollar.

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EUR/USD: Cuidado con las posiciones cortas

Perforación completa e incuestionable de los mínimos de 2008 para reforzar la idea de que ...

...estamos en una tendencia principal bajista. A corto plazo, sin embargo, crecen las dudas.

Situación de corto plazo:

No es momento de pensar que los nuevos mínimos decrecientes alejan la posibilidad de un rebote. Confirman la situación bajista del euro frente al billete verde en tendencia principal, ciertamente, pero completan el recuento de onda de Elliott que hemos venido manejando y del que ya hemos escrito en alguna ocasión que podría estar falto de una última subonda. La vela negra del viernes, que devuelve al euro/dólar a la sobreventa cuantitativa dejando divergencias por primera vez en semanas, podría ser el final de un movimiento en 5 microondas tras el lateral triangular como es propio de las subondas 4. Tras la 4 de la 5, la 5 de la 5. Y eso puede derivar en un suelo sostenible a corto plazo aunque no haya de por medio figura de vuelta.

Situación tendencial:

Rebote al margen, circunstancia que parece claramente probable con una caída en 5 subondas de por medio, los precios parecen tener en mente un movimiento hacia los 1,16 confirmando de un gran patrón bajista mensual al estilo del que se dejó a mediados de los '90. Por tanto, tras un eventual rebote que puede tener cierta dimensión, deberán volver las caídas del euro/dólar.

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Facing the trend is always delicate, but sometimes with some tricks up its sleeve ...

... Is a trader's obligation not see anything wrong as taught by the Orientals. Do not forget that the whole theory of candles is a body of knowledge antitendencial. Potentially bullish patterns that appeared to overcoming the 1.434 area had the best support possible to achieve a shift in trend, to reach the lever on which to invest the large number of baseline. But it all depended on the 1.40. Lost, the euro / Swiss franc resumes the downtrend and is in absolute freefall. No arguments to discuss a reduction it is necessary to abide by it.

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CHF/EUR: Ganan los bajistas

Enfrentarse a la tendencia siempre es delicado, pero en ocasiones y con determinados ases en la manga, ...

...es una obligación del trader no ver nada malo tal y como enseñan los orientales. No hay que olvidar que toda la teoría de velas es un cuerpo de conocimiento antitendencial. Los patrones potencialmente alcistas que aparecieron con la superación del 1,434 tenían la mejor zona de soporte posible para conseguir un giro en tendencia, para lograr la palanca sobre la que se invierten los grandes flujos tendenciales. Pero todo ello dependía de los 1,40. Perdidos, el euro/franco suizo retoma la tendencia bajista y se sitúa en caída libre absoluta. Sin argumentos para discutir una tendencia es necesario acatarla.

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EUR / USD: On the support area

Session of transition for the euro / dollar, which continued all day long in the environment of $ 1.22 per euro.

Short-term situation:

The situation remains unchanged and in the hands of bears. Only with the improvement of 1.245 would have a double floor irregular, smaller, with bassist and guideline break first resistance associated.

Trend Situation:

Continues to test the key area of medium / long-term $ 1.23 per euro. Rebound margin, a fact clearly seems likely, the prices seem to have in mind a move to 1.17 and this means opening the possibility of a high standard monthly bass style that was left in the mid 90s.

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Sesión de transición para el euro/dólar, que se mantuvo durante toda la jornada en el entorno de los 1,22 dólares por euro.

Situación de corto plazo:

La situación permanece inalterada y en manos de los bajistas. Sólo con la superación de los 1,245 tendríamos un irregular doble suelo, menor, con ruptura de directriz bajista y primera resistencia asociada.

Situación tendencial:

Continúa el test a la zona clave de medio/largo plazo de los 1,23 dólares por euro. Rebote al margen, circunstancia que parece claramente probable, los precios parecen tener en mente un movimiento hacia los 1,17 y ello supone abrir la posibilidad de un gran patrón bajista mensual al estilo del que se dejó a mediados de los '90.

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AUD / USD: Australian dollar, another opportunity for those who want to enter

Without a doubt, is one of the references to follow.

Technical Status:

In fact it was an element that was shading the slip yesterday equity market and brand new intra-day annual minimum in the euro / dollar because of its unquestionable influence on the overall tone of equities. The correction, far from deepening, the Australian dollar has remained in the area bounded by the old key resistance of 0.84 level that would have become an important medium not only for the currency pair in question but to the situation in context global market. The fall yesterday despite going a little below the said medium, fits perfectly into what the experts called pullback or move back to old key area.

Strategic review:

Are likely to follow a lateral movement with a probability of creation of a flag.

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AUD/USD:Dólar australiano, otra oportunidad para quien quiera entrar

Sin ninguna duda, es una de las referencias a seguir.

Situación técnica:

De hecho, fue un elemento que estuvo ayer matizando el resbalón del mercado de renta variable y la marca de nuevos mínimos anuales intradiarios en el euro/dólar dada su incuestionable influencia sobre el tono general de la renta variable. La corrección, lejos de profundizar, ha mantenido al dólar australiano en la zona delimitada por la antigua resistencia clave de los 0,84; nivel que habría pasado a ser un importante soporte no sólo para el par divisa en cuestión sino para la situación del contexto de mercado global. La caída de ayer, pese a ir algo por debajo del citado soporte, encaja perfectamente en lo que los técnicos denominan pullback o movimiento de retorno a antigua zona clave.

Revisión estratégica:

Es probable que se siga un movimiento lateral, con una probabilidad de una creación de bandera.

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Bloqueo de Ganancias

Sabemos que muchos traders le temen a el temible Margin Call, pues con esta estrategia es posible evitarlo. Esta estrategia se basa en ir creando una "burbuja" de ganancias que iremos cerrando cuando nosotros queramos o cuando vayan en contra y se cierren automaticamente con el SL.

Para ilustrar esta estrategia usaremos una grafica del USD/CHF en la escala de H4.



Supongamos que abrimos una posicion vendedora en 1.2125, y pongamos que colocamos el SL en 1.2175. Esta posición sera abierta sin target, pero con SL.

En caso de que el USD/CHF no caiga se cerrara en el SL. pero, ¿que pasa si cae?, que debemos hacer con esta estrategia.



En esta grafica vemos que el USD/CHF ha caido, pero vamos a tomar que estamos en 1.1901, entonces moveremos o cambiamos el SL a 1.2000.

Es decir hemos abierto una posición vendedora a 1.2125 y ha caido a 1.1901. Es decir que si el USD/CHF retrocediese en ese punto a 1.2000 la posición se cerraria al tocar el SL con un beneficio de 125 pips.



Como podemos ver en la grafica el USD/CHF ha caido a 1.1718, es decir que aun podemos cambiar el SL otra vez bajandolo a 1.800 o mas abajo.

Es decir hemos abierto la posición a 1.2125 y ahora se encuentra en 1.1718. Y le hemos cambiado el SL a 1.800, pero esta posicion no tiene target de manera que si la moneda sigue cayendo seguiremos ganando y por lo tanto seguiremos moviendo el SL. En caso de que suba entonces se puede cerrar con el SL, de manera que habremos obtenido 407 pips de beneficio (1.2125 - 1.1718= 407 pips).

Hemos puesto un ejemplo en el que la moneda esta cayendo, pero esta estrategia sirve tambien en el caso de que una moneda esta subiendo.

Hay que decir que segun veamos que vaya cayendo la moneda podemos abrir otra nueva posición manteniendo la antigua abierta. De manera que iremos creando una burbuja de beneficios y no nos importara si entramos en margin call por que si las posiciones se cierran , se cerraran con beneficio.

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Markets react positively to aid plan Greece

LONDON / ATHENS (Reuters) - The markets reacted positively on Monday the agreement reached in the euro area to provide financial assistance to Greece, as reflected in lower borrowing costs in the country and a rise in the shares to reduce the risk of a default.

But there were still doubts about whether Greece will have to use the rescue fund on how to activate the plan and how the weaker member of the euro area would deal with its mountain of debt of 300,000 million euros in the long term.

The euro rose, the yield on the benchmark short-term Greeks fell into more than one point to about 5.9 percent and the cost of insuring the debt of the country against a moratorium was substantially reduced on Friday, in a climate by surprise by the bailout of the EU, which was larger than expected.

"It's almost a market that still do not think they have reached a solution to this problem," said Sean Maloney, a strategist at Nomura.

But a German government spokesman front opened a potential conflict after saying that EU leaders should agree at a special summit activation of the support mechanism, in which Germany would be the main contributor with a contribution of 8,400 million euros (11,400 million).

That contradicted statements by the leader of the finance ministers from the eurozone and the European Commission had said that a decision of the ministers would be sufficient and that this could be via teleconference, as did Sunday with the plan rescue.

The euro fell to $ 1.3610 from $ 1.3590 following statements by the German spokesman.

A European Commission spokesman contradicted his German counterpart to ensure that it will not be necessary to convene a summit of European Union leaders agreed to activate the support for Greece.

"No, no need to organize a summit in Brussels. As we saw yesterday, the Eurogroup (the finance ministers) can activate itself in a very quick and effective," said Commission spokesman.

The yield on the country collapsed 12 months some 268 basis points to 5.28 percent, suggesting that the threat of default in the short term had decreased.

"The support package for Greece (...) should ensure that you can meet their financing needs over the next year, but does not guarantee the solvency of Greece in the long term," said Ben May at Capital Economics in London.

Finance ministers of the euro zone agreed on Sunday a package of 30,000 million euros in loans to three years in Greece, at an interest rate close to 5 percent if the country asks for help. The International Monetary Fund would provide another 15,000 million in the first year.

The plan, which in the first three years would amount to EUR 45,000 million and then traded more funding, could be the largest multilateral financial bailout in history, leaving behind former IMF bailouts of Mexico and Argentina.

NO ILLUSIONS

However, the Greek authorities and the national press had no illusions that a short-term boost in the markets will be sufficient to prevent the country from having to seek a bailout in the long term.

"It's a sigh of relief, but does not solve our problems," said center daily Eleftherotypia, which supports Prime Minister George Papandreou, in an editorial.

"The country is heavily indebted and have to lower their debt to survive in the long term," he said.

Papandreou is implementing harsh austerity measures to fulfill the promise of reducing the country's fiscal deficit to below 9 percent of GDP this year.

Managing Director International Monetary Fund (IMF), Dominique Strauss-Kahn, told an Austrian magazine that deflation is the only way that Greece can effectively stop their debt problems.

"The only effective remedy there is deflation," said Strauss-Kahn told Profil magazine in an interview. "And this is exactly what the European Commission has recommended correctly," he said.

The index of bank stocks in the Athens Stock Exchange rose 8.2 percent, exceeding the overall progress of 4.61.

Greece need to borrow some 11,000 million euros by the end of May, in order to refinance debt and ready to conquer interest payments.

A senior Finance Ministry official said Greece would proceed with a presentation in the United States later this month to promote a bond issue dollars.

A successful return to the markets of Greece to Athens would delay any request for help at least until after a key regional election in Germany scheduled for May 9.

The elections in Germany are seen as one reason behind the tough stance of Berlin against Greece, as the plan to help Athens is very unpopular among Germans.

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Mercados reaccionan positivamente a plan de ayuda Grecia

LONDRES/ATENAS (Reuters) - Los mercados reaccionaron positivamente el lunes al acuerdo alcanzado en la zona euro para ayudar financieramente a Grecia, según se reflejó en una baja en los costos de endeudamiento del país y en un alza de las acciones al disminuir el riesgo de una cesación de pagos.

Pero aún quedaban dudas sobre si Grecia tendrá que usar el fondo de rescate, sobre cómo se activaría el plan y sobre cómo el miembro más débil de la zona euro lidiaría con su montaña de deuda de 300.000 millones de euros en el largo plazo.

El euro subió, el rendimiento de los bonos griegos de corto plazo cayó en más de un punto a cerca de 5,9 por ciento y el costo de asegurar la deuda del país frente a una moratoria se redujo sustancialmente respecto del viernes, en un clima de sorpresa por el plan de rescate de la UE, que resultó más amplio de lo esperado.

"Es casi un mercado que aún no cree que se haya alcanzado una solución a este problema", dijo Sean Maloney, estratega de Nomura.

Pero un portavoz del Gobierno alemán abrió un potencial frente de conflicto tras decir que los líderes europeos tendrían que acordar en una cumbre especial la activación del mecanismo de ayuda, en el cual Alemania sería el principal contribuyente con un aporte de 8.400 millones de euros (11.400 millones de dólares).

Eso contradijo declaraciones del líder de los ministros de Finanzas de la zona euro y de la Comisión Europea, que habían dicho que una decisión de los ministros sería suficiente y que ésta podría tomarse mediante una teleconferencia, tal como se hizo el domingo con el plan de rescate.

El euro cayó desde 1,3610 dólares a 1,3590 dólares tras las declaraciones del portavoz alemán.

Un portavoz de la Comisión Europea contradijo a su par alemán al asegurar que no será necesario convocar una cumbre de líderes de la Unión Europea para activar la ayuda acordada para Grecia.

"No, no necesitamos organizar una gran cumbre en Bruselas. Como se vio ayer, el Eurogrupo (los ministros de Finanzas) puede activar por sí solo de una manera muy rápida y efectiva", declaró el portavoz de la Comisión.

El rendimiento del bono del país a 12 meses se derrumbó unos 268 puntos básicos a un 5,28 por ciento, sugiriendo que la amenaza de "default" en el corto plazo había disminuido.

"El paquete de apoyo para Grecia (...) debería asegurar que podrá cumplir con sus necesidades de financiamiento durante el próximo año, pero no garantiza la solvencia de Grecia en el largo plazo", dijo Ben May de Capital Economics en Londres.

Los ministros de Finanzas de la zona euro acordaron el domingo un paquete de 30.000 millones de euros en préstamos a tres años para Grecia, a un interés cercano al 5 por ciento, si el país pide ayuda. El Fondo Monetario Internacional aportaría otros 15.000 millones de euros en el primer año.

El plan, que en los tres primeros años sumaría 45.000 millones de euros para luego negociarse más fondos, podría ser el mayor rescate financiero multilateral de la historia, dejando atrás a anteriores salvatajes del FMI a México y a Argentina.

Sin Ilusiones

Sin embargo, las autoridades griegas y la prensa del país no se hacían ilusiones de que un impulso de corto plazo en los mercados vaya a ser suficiente para evitar que el país tenga que buscar un rescate en el largo plazo.

"Es un suspiro de alivio, pero no resuelve nuestros problemas", dijo el diario de centroizquierda Eleftherotypia, que apoya al primer ministro George Papandreou, en un editorial.

"El país está muy endeudado y tiene que bajar su deuda si quiere sobrevivir en el largo plazo", agregó.

Papandreou está implementando duras medidas de austeridad para cumplir con la promesa de reducir el déficit fiscal del país a debajo del 9 por ciento del Producto Interno Bruto este año.

El director gerente del Fondo Monetario Internacional (FMI), Dominique Strauss-Kahn, dijo a una revista austríaca que la deflación es la única manera con que Grecia puede efectivamente detener sus problemas de endeudamiento.

"El único remedio efectivo que existe es la deflación", dijo Strauss-Kahn a la revista Profil en una entrevista. "Y esto es exactamente lo que la Comisión Europea ha recomendado correctamente", agregó.

El índice de acciones bancarias de la bolsa de Atenas subió un 8,2 por ciento, superando el avance general del 4,61.

Grecia necesita pedir prestado unos 11.000 millones de euros para fines de mayo, de manera de refinanciar deuda pronta a vencer y cobros por intereses.

Un importante funcionario del Ministerio de Finanzas dijo que Grecia seguiría adelante con una presentación en Estados Unidos a fines de este mes para promocionar una emisión de un bono en dólares.

Un exitoso regreso a los mercados por parte de Grecia permitiría a Atenas demorar cualquier pedido de ayuda al menos hasta después de unas elecciones regionales clave en Alemania previstas para el 9 de mayo.

Las elecciones en Alemania son vistas como una de las razones detrás de la dura postura de Berlín frente a Grecia, dado que el plan de ayuda a Atenas es muy impopular entre los alemanes.

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Euro rises vs dollar after aid plan Greece, precautionary limits progress

LONDON (Reuters) - The euro rose on Monday to its highest level in nearly a month against the dollar after the finance ministers of the euro area agreed on a rescue package for Greece, but the cautious comments of Germany limited progress .

The euro-area representatives approved an aid of 30,000 million (40,500 million) in loans, if requested by Greece, with at least 10,000 million is expected to come from the International Monetary Fund (IMF).

The huge financial safety net boosted investors' appetite for riskier assets, helping the Australian dollar briefly to touch its highest level in five months.

However, comments by German Finance Minister put the amount of uncertainty. A spokeswoman said it would take a summit of European leaders to enable aid to Greece and also should be consulted Germany Bundestag.

The European Commission argued that there is a summit of leaders needed to activate the plan.

"They include only the uncertainties. Still do not know what the trigger for the aid to be released. It seems that we have not reached agreement yet. It is set entirely within the market wants to see," said Adam Cole, global head currency strategy at RBC Capital Markets.

"There is still uncertainty surrounding the euro," he said.

The euro rose to a maximum of $ 1.3691, its highest level since mid-March, before trimming its advance to a session low of $ 1.3588 in Europe.

Subsequently, gained 0.7 percent on the day at $ 1.3595.

Earlier, the single currency rose more than 1 percent, at 127.45 yen.

Borrowing costs in Greece are reduced, leading to the premium that investors should pay for having 10-year Greek debt on the German benchmark bonds to 334 basis points from 409 points on Friday.

Greece will test the market appetite for debt with an auction of 1,200 million euros in Treasury bills on Tuesday.

The single currency still has a loss of more than 4 percent against the dollar and the yen since January in one of the worst performances of the world's major currencies this year.

The dollar eased 0.7 percent against a basket of reference currencies, in a week as part of quarterly earnings season of big business.

The yen fell 0.4 percent to 93.57 per dollar in a market focused on a possible revaluation of the Chinese yuan.

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Euro sube vs dólar tras plan ayuda Grecia, cautela limita avance

LONDRES (Reuters) - El euro subía el lunes a su mayor nivel en casi un mes frente al dólar, después de que los ministros de Finanzas de la zona euro acordaron un paquete de rescate para Grecia, pero los cautelosos comentarios de Alemania limitaban el avance.

Los representantes de la zona euro aprobaron una ayuda de 30.000 millones de euros (40.500 millones de dólares) en préstamos, en caso de que Grecia lo solicite, con al menos 10.000 millones de euros que se espera provengan del Fondo Monetario Internacional (FMI).

La enorme red de seguridad financiera impulsó el apetito de los inversionistas por activos más riesgosos, ayudando brevemente al dólar australiano a tocar su máximo en cinco meses.

Sin embargo, los comentarios del ministro de Finanzas de Alemania pusieron la cuota de incertidumbre. Una portavoz dijo que se necesitaría una cumbre de líderes de Europa para activar la ayuda a Grecia y que también debía ser consultado el Bundestag germano.

La Comisión Europea sostuvo que no es necesaria una cumbre de líderes para activar el plan.

"Ellos destacan solamente las incertidumbres. Todavía no sabemos cuál es el detonante para que la ayuda sea liberada. Parecería que no hemos alcanzado un acuerdo todavía. No se fija completamente el marco que el mercado quiere ver", afirmó Adam Cole, jefe global de estrategia cambiaria de RBC Capital Markets.

"Todavía existe la incertidumbre asociada al euro", agregó.

El euro subió hasta un máximo de 1,3691 dólares, su nivel más alto desde mediados de marzo, antes de recortar su avance hasta un mínimo de la sesión de 1,3588 dólares en Europa.

Posteriormente, ganaba un 0,7 por ciento en el día, a 1,3595 dólares.

Más temprano, la moneda única subió más del 1 por ciento, a 127,45 yenes.

Los costos de endeudamiento de Grecia se reducían, llevando a la prima que los inversores deben pagar por tener deuda griega a 10 años respecto a los bonos de referencia alemanes a 334 puntos básicos, desde los 409 puntos del viernes.

Grecia probará el apetito del mercado por su deuda con una subasta de 1.200 millones de euros en notas del Tesoro el martes.

La moneda única aún conserva una pérdida de más del 4 por ciento contra el dólar y el yen desde enero, en uno de los peores desempeños de las divisas importantes del mundo este año.

El dólar cedía un 0,7 por ciento contra una canasta de monedas de referencia, en una semana en que parte la temporada de resultados trimestrales de las grandes empresas.

El yen descendía un 0,4 por ciento, a 93,57 por dólar, en un mercado centrado en una posible revaluación del yuan chino.

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Rare China trade deficit "does not fall apart" rising yuan

BEIJING (Reuters) - China reported its first monthly trade deficit in six years, but a customs official said the fall was a blip and economists doubt that they will get in the way of an early rise of the yuan.

The deficit of 7240 million dollars in March, the first time that the trade balance has been in red since April 2004, mainly reflects large imports of raw materials and vehicles, said Saturday the General Administration of Customs.

The level of both exports and imports was higher than March 2008, before the global credit crisis reached its climax.

China's leaders have said they want to be sure that exports have a significant recovery before removing the anti-crisis policies, including the freezing of the exchange rate of the yuan against the dollar, imposed in July 2008.

"The trade deficit is likely to be cited as evidence that trade flows are adjusting despite the lack of change in the currency, but do not think that will be enough to derail the shift to a stronger yuan in the coming months," said Brian Jackson, an economist at Royal Bank of Canada, in a note at the Boao Forum for Asia.

Henry Paulson, former Secretary of U.S. Treasury, told the conference that takes place on the island of Hainan, south China, which is China's interest to have a more flexible exchange rate to reduce inflation and help change growth toward domestic consumption and away from exports.

"You have to recognize that America is a symbol of China's commitment to continue reforms. My message to my Chinese friends is that this is something that should be taken seriously and managed to continue having progress," he said.

The successor to Paulson, Timothy Geithner, made a quick visit to Beijing on Thursday on his return trip to India, prompting speculation that the resumption of the rise of the yuan could occur soon.

Gao Yi, an economist at Orient Securities in Shanghai, said the March trade deficit could serve as another excuse for Beijing to slow the rise of the yuan, but said China may allow the currency began to appreciate this quarter or next.

Yuesheng Zheng, chief statistician of the customs agency, said China probably will remain a country with a surplus in the long term. The March deficit was a temporary problem, told state television.

(Additional reporting by Langi Chiang and David Stanway in Boao)

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Raro déficit comercial de China "no desbaratará" alza del yuan

PEKIN (Reuters) - China registró su primer déficit comercial mensual en seis años, pero un funcionario de aduanas dijo que la caída fue un problema pasajero y economistas dudan de que se vaya a interponer en el camino de una pronta alza del yuan.

El déficit de 7.240 millones de dólares en marzo, la primera vez que la balanza comercial ha estado en rojo desde abril del 2004, principalmente refleja las grandes importaciones de crudo, materias primas y vehículos, dijo el sábado la Administración General de Aduanas.

El nivel tanto de exportaciones e importaciones fue mayor al de marzo del 2008, antes de que la crisis de crédito mundial alcanzara su clímax.

Los líderes de China han dicho que quieren estar seguros de que las exportaciones han tenido una recuperación importante antes de retirar las políticas contra la crisis, incluida la congelación de la tasa de intercambio del yuan ante el dólar, impuesta en julio del 2008.

"El déficit comercial posiblemente será citado como evidencia de que los flujos comerciales se están ajustando a pesar de la falta de cambio en la moneda, pero no creemos que será suficiente para desbaratar el cambio a un yuan más fuerte en los próximos meses", dijo Brian Jackson, economista del Royal Bank de Canadá, en una nota en el Foro Boao para Asia.

Henry Paulson, ex secretario del Tesoro de Estados Unidos, dijo en la conferencia que se realiza en la isla de Hainan, al sur de China, que es del interés de China tener una tasa de intercambio más flexible para bajar la inflación y ayudar a cambiar el crecimiento hacia el consumo interno y alejarlo de las exportaciones.

"Uno tiene que reconocer que en Estados Unidos es un símbolo del compromiso de China de continuar con las reformas. Mi mensaje a mis amigos chinos es que esto es algo que debe ser tomado y manejado con seriedad para que siga habiendo progresos", afirmó.

El sucesor de Paulson, Timothy Geithner, realizó una rápida visita a Pekín el jueves en su viaje de retorno a la India, lo que motivó especulaciones sobre que la reanudación del alza del yuan podría ocurrir pronto.

Gao Yi, un economista de Orient Securities en Shanghái, dijo que el déficit comercial de marzo podría servir como otra excusa para que Pekín retrase el alza del yuan, pero afirmó que China posiblemente permitiría que la moneda comenzara a apreciarse este trimestre o el próximo.

Zheng Yuesheng, jefe de estadísticas de la agencia de aduanas, dijo que China posiblemente seguirá siendo un país con superávit en el largo plazo. El déficit de marzo fue un problema pasajero, dijo a la televisión estatal.

(Reporte adicional de David Stanway y Langi Chiang en Boao; Editado en español por Ricardo Figueroa)

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Continuation Candlestick II

In this part we will continue with the Candlesticks, then the bearish patterns of candless, On Neck, Thrusting. After which we will continuation candlestick of bullish patterns.

On Neck



In this training with a bearish candle that continues the downward trend. The second candle opens below the closing price of the first candle, but the price does not close above the previous day within the first body of the above. This suggests that the rally that occurs in the second candle, when the market is in decline, this rally shows a momentary stop, yet the market is still continuing the bearish trend and it is possible that in the following falling candles. So this is a stronger signal that occurs in In Neck.

Characteristics

• The first candle will be a long bearish candle.


• The second candle is a candle bullish, below the opening of the first candle and closed by little in the body of the first candle.

Thrusting



The pattern Thrusting begins with a bearish candle which continues the trend. The second candle shows a rise which closes in the body of the first candle, candle but can not exceed half the body of the first candle.

This pattern shows that the sellers were not weakened by the bullish rally of the second candle and how far sales positions have covered their positions by allowing prices increase slightly. Due to lack of strength exhibited by the buyers, so buyers discouraged to open positions more buyers, and therefore this lack of strength that allows the continued downward trend.

Because this pattern is so weak, traders wait for confirmation on the following candles.

The pattern Thrusting is very similar, but weaker than the bearish Harami and Engulfing baijsta. As the second candle of Thrusting closes below half of the body of the previous candle, while the touch Harami and closed over half of the body, the Engulfing closes above the opening price of the first candle. Thrusting the formation, In Neck and On Neck are very similar.

Characteristics

• In a bearish trend, the first candle of the training will be a continuing downward trend.


• The second candle is a candle which closed upward under half of the body of the first candle.

Then we will Continuation Patterns in bullish patterns.

Bullish Patterns

Rising Three Methods



This patterns appears in an uptrend, at which the market is on a break and then continue the trend .. This break in the trend can be seen in a number of small candles which are within a range after a strong movement in the first candle.

One possible explanation for this patterns is that the market is digesting the big move in the first candle. These small ranges up to a significant economic data or report. These periods of calm and a small range of Trading in the common market. Rising Three Methods This pattern is confirmed if there is a bullish candle that leads prices continuing to set new trends.

Number of Candles Intermediate: In a perfect training the number of candle would be three. But in reality this number may vary and may take two, four or even five candles. The candles can be an intermediate or a Doji star, bearish or bullish.

Shadows of Intermediate Candles:
We should note that the shadows of the candles are within the intermediate range of minimum and maximum of the first candle in this way to have a strong signal below. Rising Three Methods in this is important for the least reached, since if a shadow is traded below the minimum of the first candle, that will make us doubt about the possible continuation of the uptrend.

Characteristics

• In an uptrend, first appear a bullish candle.


• The second, third and fourth candle will be small candles falling within the range of the first candle.


• The fifth candle continuing the upward trend which set new peaks.

Three Lines Strikes



As long as the trend is an upward trend established, traders will see this training as a sign that the uptrend may still continue.

The first three candles indicate a clear upward movement. Until the third candle we can see the Three White Soldiers training which is a strong bullish signal. The rally that we see in the fourth candle which again andalusia low opening price of training which indicates that some sellers have decided to close their positions in purchasing, but if it is not a sign of trend change.

Because this weak training, many traders look for confirmation in the next candle should be bullish.

Clearly explain the Three White Soldiers, and such training is in training Strikes Three Line upward. Saying that while pattern Soldiers Three White has a connotation bullish, if found in a bearish trend may indicate a change.

Characteristics

• After an upward trend followed by three candles which continue the movement upward, each candle closing above the previous candle (which make up the pattern Three White Soldiers).


• The fourth candle is a bearish candle which close near the price of the open of the first candle.

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Continuation Candlestick I

In this section we will see pattern of candlestick that indicate a continuation in the trend. The patterns of Continuation will be classified in the bullish patterns and bearish patterns.

Bearish Patterns

Falling Three Methods



This pattern appears in a bearish trend, which in a bearish market trend rested before continuing the trend. This break in the trend can be seen in a number of small candles which are within a range after a strong movement in the first candle.

One possible explanation for this training is that the market is digesting the big move in the first candle. These small ranges up to a significant economic data or report. These periods of calm and a small range of Trading in the common market. This pattern Falling Three Methods is confirmed if there is a bearish candle that leads to new minimum prices thus continuing the trend.

Number of Candles Intermediate: In a perfect pattern the number of candle would be three. But in reality this number may vary and may take two, four or even five candles. The candles can be an intermediate or a Doji star, bearish or bullish.

Intermediate shadows of Candles: We should note that the shadows of the candles are within the intermediate range of minimum and maximum of the first candle in this way to have a strong signal below. Falling Three Methods in this is important for the highest achieved since if a shadow is traded over the top of the first candle, we will doubt that a possible continuation of the bearish trend.

Characteristics

• In a bearish trend, first appear a bearish candle.


• The second, third and fourth small candle candles upside will be within the range of the first candle.


• The fifth candle continuous bearish trend which sets new minimum.

Downside Tasuki



These two candles of this training the bearish trend with the second candle making a gap (hole). The third candle shows that buyers are taking advantage of low prices to buy. But because the third candle does not close the gap created between the first and second candle, the traders believe that the bearish trend would continue.

But as other patterns we saw, this patterns also requires a confirmation which will appear in the fourth candle should be bearish for in this way have a confirmation that the bearish trend.

Forex Markets: The gaps are not usual in the Forex market, and therefore may not see this formation in the Forex market. A version of this candle should have two bearish candles suggesting a bearish movement. The pattern would end with third bullish candle which should not close above the opening price of the previous candle. This version should be less significant Forex and more common, requiring further confirmation.

Characteristics

• The first candle is a candle bearish.


• The second candle is a bearish candle too, but with a gap between the first and the second candle.


• The third candle is a candle upward closing the gap within the previous two candles.

Three Line Strikes



As long as the trend is a downward trend established, traders will see this training as a sign that the downward trend may still continue.

The first three candles indicate a clear bearish movement. Until the third candle we can see the Three Black Crows training which is a strong bearish signal. The rally that we see in the fourth candle which raises again the opening price of training which indicates that some sellers have decided to close their positions in sales, but if it is not a sign of trend change.

Because this weak pattern, many traders look for confirmation in the next candle should be bearish.

Clearly explain the Three Black Crows and that training is training in Line Three Strikes. Saying that while the formation Three Black Crows bassist has a connotation in the case of being in an uptrend may indicate a change.

Characteristics

• Después de una tendencia bajista tres candles bajistas seguidas continúan el movimiento bajista, cada candle cerrando mas abajo que la candle anterior ( que conforman la formación Three Black Crows).


• La cuarta candle es una candle alcista que cerrara cerca del precio de apertura de la primera candle.

In Neck



In this training with a bearish candle that continues the downward trend. The second candle opens with a small gap below the closing price of the first candle, then a rally until the close of the previous candle. This suggests that the rally that occurs in the second candle, when the market is in decline, this rally shows a momentary stop, yet the market is still continuing the bearish trend and it is possible that in the following falling candles.

Characteristics

• The first candle will be a long bearish candle.


• The second candle is a candle bullish, below the opening of the first candle and closed by little in the body of the first candle.

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Bearish Candlestick IV

To end the issue of bearish candlesticks we need to to explain the following bearish candlesticks, Tri Star, Gravestone Doji (Haikashi or stoned), Belt Hold, Harami, Harami Cross, Tweezers Top.

Tri Star



After a long upward trend in the occurrence of three dojis shows an indecisiveness which will be the address to take the market. After this training follows a trend change normally.

The first shows a Doji indecision after a long uptrend. The second emphasizes that indecision Doji, Doji third andalusia purchases have lost momentum and control the market. Traders should note the following which should be candles candles bassists.

Fourth candle is needed to confirm the change, which should form a candle bearish for so long in this way know that the uptrend has ended.

Characteristics

• After an upward trend, three dojis (same price for opening and closing) will appear consecutively.

Gravestone Doji (Haikashi)



In an uptrend the Gravestone shows an unstable upward rally where prices were taken to new highs in the second candle, where the sellers took control of the market.

Although this training is a sign of weak to moderate itself is a warning to the buyer because the positions uptrend is losing momentum and may be a change of trend.

Traders look for confirmation in the third candle which should be a bearish candle. Such confirmation could appear in the form of an Evening Star

The Gravestone Doji is very similar to Doji Star, with the exception that the second candle is reflected with a Gravestone (Doji, with a maximum and a minimum price equal to the opening and closing) rather than a Doji. The Gravestone Doji is less reliable since the second candle has been an increase which may suggest that the bull market still has control, even despite the recent sale. While the Doji Star gives us a stronger signal of reversal.

Characteristics

• After an bullish uptrend is formed a candle which closes at the maximum.


• In the second we see a Doji candle (the open and close are identical). The upper shadow should be fairly long.


• The lower shadow should not exist or be very small.

Belt Hold



After a hike of candles upside, there is a strong bearish candle. The bearish candle opens at the price of most of the previous candle and shuts down much. The result is a long bearish candle with a small lower shadow or no shadow. This may mean that a fall is approaching.

This pattern tends to happen quite often but is not accurate to predict when the market will move in the following movements. On the other hand the significance of this pattern is obvious, has broken an uptrend due to the sharp decline in the candle. So the stronger the fall, the more likely there is change, but still must wait for a confirmation in the following candles.

Characteristics

• In an uptrend, there is a bearish candle.


• The bearish candle has an open that is very near of the high. With no shadow or a small lower shadow.

Harami



Haramis are characterized by an upward followed by a small bearish candle, also known as a star. The range of trade: the bearish candle inside the body of the previous candle. The meaning of this training is quite clear, after an upward trend, this has been hampered by a bearish candle.

The Haramis is a weak signal strength, though, because in an uptrend it is logical that they are leading to sales prices from the top down again. The closing of positions buyers could have caused this. Traders usually look to the following candles are bassists, but would not bet it.

Harami formation is very similar to the formation Engulfing with the exception that in the second Harami candle Trading no body below the previous candle. Because the sellers have failed to bring the price of the second candle below the middle of the body of the first candle which gives us a weaker signal.

If this occurs after formation of a bullish long-term uptrend, traders will give more importance to it.

Characteristics

• The first candle is a candle with the continuing upward trend.


• The second would be a little bearish candle, which would rank within the body of the first candle, over half of the body of the first.

Harami Cross




This formation is characterized by a bullish candle followed by a Doji that lies within the body of the first candle. So far this training quite consistent with the Doji Star Evening Doji we indicate that the range of motion was found nearby and hill candle andalusia andalusia same opening price. It suggests that after a strong upward movement the market has lost control. We expect a confirmation of trend change in the case appears a bearish candle.

Characteristics

• The first candle is a candle with the continuing upward trend.


• The second candle is a small candle completely within the body of the first candle.

Tweezers Top



The important element here is that the candles have the same maximum. This can happen in two consecutive candles as we see from the graph, or a series of non-consecutive candles.

After a prolonged uptrend, so we can give a weak signal of change, but how many traders will come to the candles then.

But the most useful for this training is that it creates an important resistance level. In any market, in trend or a range, the pattern will give us a level of resistance. The levels of resistance are ranges on the market that has difficulties in breaking with a bullish movement. So therefore the maximum price that the candles created a brand that share the market tried to break.

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Bearish Candlestick III

Now continuing with the theme of bearish candlestick we need to explain the following bearish candlesticks, Deliberation, Dragonfly Doji (Flying Dragon), Engulfing, Meeting Lines.

Deliberation



The pattern Deliberation or Stalled (Stuck) shows a weakening in the uptrend. After two strong candles upside the small body of the third candle tells us that the movement is losing momentum. While this formation shows a change in the market is not strong enough to create a signal to sell, but we will liquidate positions buyers.

This pattern requires that the second candle opens within the range of the body of the first candle, but the gap (gap) in the opening price is not possible in the Forex market. But traders tend to look similar formations as the Advance Block or Breakaway indicate that the market psychology.

Characteristics

• In an upward trend or movement, two bullish candles appears.


• The third candle is a little more bullish candle, as the spinning top or a Doji.

Dragonfly Doji (Flying Dragon)



After a strong uptrend a sale which is reflected by the Dragonfly Doji suggests that the trend may have lost strength.

Despite the fact that the hill on or near its opening price or a maximum reflecting bullish rally that day, but the candle we questioned the possibility that the market continues to trend upward.

With the upward movement lost momentum training can be a sign of more sales in the near future. We will have to seek confirmation of a trend change in the following candles.

Dragonfly Doji and Hanging Man

The Dragonfly Doji is a rare training in candlesticks that typically occurs at the top of an uptrend. It is very similar to the Hanging Man, with the exception of the Dragonfly Doji prices for opening and closing are virtually identical (without body). When the market opens and closes at the same price that shows a greater tendency to indecision of a small candle. Therefore, the Dragonfly is a more reliable signal that the Hanging Man and that gives us a stronger bearish signal.

Characteristics

• A candle with a very small or no body and a long lower shadow (long lower shadow).


• The lower shadow is at least double the body of the candle


• It has no upper shadow.

Engulfing



This pattern is one of the most clear change in a bearish trend. The pattern reflects that sellers have taken control over the purchase, and often is followed by a drop in the price.

First Candle: This may occur even as a Doji, the smaller the first candle will be the longest fall in the second candle and therefore higher signal a trend change. The dojis and candles indicate a small uncertainty in the trend, hence the smaller the first candle is the best sign of the end of an uptrend.

Second Candle: The second candle confirms the bearish end of the trend. The larger the greater the bearish candle drop movement and therefore the better the signal change.

This pattern is also more significant when it precedes a long upward trend or a quick upward movement. In both cases indicates that the market is in overbought and is therefore a possible change in trend.

The pattern Engulfing provide us levels of resistance to the price that this training has achieved. In the future this level of resistance will be difficult to break.

Characteristics

• In an established uptrend, a candle upward to a small average.


• n the second day the formation of a bearish candle.


• Normally the maximum (high) of the bearish candle should be over the maximum (high) of the previous candle.


• The signal strength will be greater the further down the candle close below the bass (low) of the first candle.

Meeting Lines



After an upward trend, the second candle opens above the close of the first candle. Although the second candle has a rally and open up the sales lead to closing the candle near the closing price of the previous candle. Hence its name because it included the closing lines of the previous day and the second candle near the end of the second candle and closing the first candle.Esto means that the upward trend has weakened and may change trend.

Psychology and Confirmation: In many ways this training is a clear indication of a trend change, as prices have been rising for a while. We can see an upward movement in the first candle, setting a mark for the rally. After the close of the first candle and the opening of the second candle, the market has continued to rise. The second candle we sell a telling shift. Those traders that have positions close and buyers must find the time to start selling. But as this formation is a formation of a moderate turnaround in strong, traders will need to seek confirmation of a change in the following candles.

This pattern is fairly typical in a short-range market. Meeting Lines is more significant after a prolonged uptrend.

Meeting Lines is not as reliable as the Dark Cloud Cover. The Meeting Lines is very similar to Dark Cloud Cover. With the formation Dark Cloud Cover, the rally is not as high, suggesting a weaker purchasing power. With the Dark Cloud Cover is the strongest decline, indicating that sellers are more to strength Meeting Lines. Therefore, the Dark Cloud Cover is more reliable.

Characteristics

• The market should be characterized by an uptrend.


• The first candle will be a bullish candle.


• The second candle is a bullish candle.


• The two closed at the same price.

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Bearish Candlestick II

Continuing with the theme of bearish candlestick we need to explain the following bearish candlestick , Three Inside Down, Three Outside Down, Advance Block, Breakaway.

Three Inside Down



During an uptrend, it opens a bullish candle with a sharp movement. But then prices go down again, as can be seen in the bearish candles red, this would have changed the trend of previous days. The confirmation of trend change occurred on the third candle, which completes the pattern.

Characteristics

• Following the upward trend, the first candle will be a bullish candle.


• The second candle is a bearish candle where the body of this is within the range of the body of the first candle. The first candle wraps the body of the second candle.


• The third candle is a candle which closed down below the previous candle, and at the same price or slightly below the first candle.

Three Outside Down




In an uptrend, the second candle closes below the first candle, completely enveloping the first candle. The second candle says that sellers have taken control of the market and that have broken the trend set. The confirmation comes with the third candle which should be bearish and close below the previous candle.

Relationship with the pattern Engulfing


The pattern Three Outside Down Engulfing is a continuation of the third candle in the confirmation of a trend change. The training itself is bearish Engulfing signal a moderate change in the trend, but when it is followed by a bearish red candle (which is formed with the Three Outside Down), the training becomes more reliable.

Characteristics

• After an uptrend is a form Engulfing (the first candle is bullish and the second will be a bearish candle which encompass the first and closed below the first candle).


• The third candle is a candle which closes down further below the previous candle.

Advance Block



After an upward trend, rising three candles each candle opening closing higher than the previous one. Three candles followed usually reflect a definition of the uptrend. But in this case, each candle is more bullish than the previous low. Often the second and third candles often have long upper shadow (long upper shadow), which is an indication that the market is striving to reach new peaks, maximum sustainable, which we consider evidence of a weakening uptrend. Ultimately yielding a view of the landscape suggests that the upward rally is losing strength and preparing for a change. Traders buying positions should be careful when they see the bodies of the candles are made successively smaller, or if we see higher long shadows (long upper shadow). They may want to consider protecting their positions from a possible weakening of the trend.

The Advance Training Block is not a strong hand, but potentially can predict a change in trend. This training is stronger when an upward trend has pushed prices to new peaks. Training suggests that buyers buyers close their positions, although not defined if there is an opportunity to begin to sell. A fourth candle bearish confirmation when you start to sell.

Characteristics

• Three consecutive candles upside, closing each one higher than the previous one.


• For each candle, the body is significantly smaller than the body of the candle before.


• second and third candles can have long upper shadow (long upper shadow).

Breakaway



The first candle suggests that the strength of the trend has accelerated. The third and fourth candles weakest upward movement indicates that the trend started to slow.

In fact, the third and fourth candles are consistent with the formation Advance Block. Advance The Block is not usually a strong training and exchange traders tend to expect a confirmation on the next candle.

The last candle of the Breakaway us precisely such confirmation. After a deterioration of the uptrend, a bearish candle appears that way to refocus the direction of the market. The traders usually want to see that the candle closed below the second or third candle ideal for a confirmation.

Characteristics

• The first candle is a bullish candle.


• second, third and fourth candle also continue in the same direction with higher closures, but they are weaker than the thrust of the first candle.


• The fifth candle is a candle that closes down within the range of the body of the first or second candle.

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