Vistabrokers
Vistabrokers Representative
- Messages
- 2
EUR / USD. Technical vs. Fundamental
Fundamental factors (there is still no agreement on Greece) hinder a full formation of a graphic reversal pattern «Head-n-Shoulders». Meanwhile, an upside potential remains.
If purchases were made in accordance with the signal of the graphic "neck line" breakthrough, it is recommended to hold the position.
Volatility: 67%
Trend: sideways
Fundamental background: weak
USD / CAD. Near Dividing Line
In the course of the next growth wave within boundaries of a wide upward channel quots have reached its upper border. This level is very close to multi-year highs set in March of this year. In the past few days, market participants could not determine their preferences, and, given the very weak news background today, it is doubtful that in the next few hours anything will be decided. At the same time, the technical picture leads to the conclusion, using indicators to determine the future trading direction.
Receiving reversal signals, it is recommended to open short positions with the aim of achieving the opposite border of the channel. A Stop loss should be placed above the high, at 1.2780.
Volatility: 65%
Trend: bearish
Fundamental background: weak
Fundamental factors (there is still no agreement on Greece) hinder a full formation of a graphic reversal pattern «Head-n-Shoulders». Meanwhile, an upside potential remains.
If purchases were made in accordance with the signal of the graphic "neck line" breakthrough, it is recommended to hold the position.
Volatility: 67%
Trend: sideways
Fundamental background: weak
USD / CAD. Near Dividing Line
In the course of the next growth wave within boundaries of a wide upward channel quots have reached its upper border. This level is very close to multi-year highs set in March of this year. In the past few days, market participants could not determine their preferences, and, given the very weak news background today, it is doubtful that in the next few hours anything will be decided. At the same time, the technical picture leads to the conclusion, using indicators to determine the future trading direction.
Receiving reversal signals, it is recommended to open short positions with the aim of achieving the opposite border of the channel. A Stop loss should be placed above the high, at 1.2780.
Volatility: 65%
Trend: bearish
Fundamental background: weak