13.05.201317:34 Forex Analysis & Reviews: EUR/USD: Weekly and monthly pivot point and signal - for May 13 - 18, 2013

Long-term review

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

The euro resumed a downward trend and is currently trading below weekly pivot 1.3038. It is likely the weekly pivot level is a very strong resistance because last week it was a very strong support. The fact that now it is below it, it has become resistance. Therefore, the quote below this level can be deepened during the week, after the interest rate cut by the ECB earlier this month. The first weekly support is found at 1.2884, below this level the next target is at 1.2780 (S2). Therefore, we recomend the folowing signal for this week.

Signals for May 13 - 18, 2013

Sell in case of trading bellow 1.3039 (W_PPV), take profits are at 1.2884 and 1.2780 (W_S2), and stop loss is above weekly pivot (W_PPV).

Buy if it closes above 1.3039 (W_PPV), take profit is at 1.3143 (W_R1), stop loss is below 1.30.

____WEEKLY_______
Weekly - R3 = 1.3402
Weekly - R2 = 1.3298
Weekly - R1 = 1.3143
Weekly Pivot = 1.3039
Weekly - S1 = 1.2884
Weekly - S2 = 1.2780
Weekly - S3 = 1.2625

If you would like to get this indicator, feel free to contact me via email: gerardo.porras@analytics.instaforex.com

____MONTHLY____

Monthly – R3 = 1.3786
Monthly – R2 = 1.3494
Monthly – R1 = 1.3330
Monthly Pivot = 1.3038
Monthly – S1 = 1.2874
Monthly – S2 = 1.2582
Monthly – S3 = 1.2418

Back to the list

Open trading account

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