August
12
23:21
Forex Analysis

Overview of the situation in the forex market on 11/11/2013

Hello.We have the beginning of a new week, and let's see what we can expect in the Forex market on 11.11.2013

EURUSD

erusdaili 11112013

price of the EURUSD pair is trying again to pass the level 1.33966.In general, it closed below the level, but it seems like much away let someone does not want, judging by the long tail at the bottom.For entries in the transaction is recommended to wait for clearer as Price Action Patterns situations and signals.

GBPUSD

gvpusdaili 11112013

price for GBPUSD pair once again retreated to the level of 1.59910 and the area could not be fixed below.Probably prices continued upward movement in the area of ​​the upper boundary of 1.62393 outset.For entries in the transaction is recommended to wait for the signal in the form of Price Action Patterns.

USDJPY

usdzhpoveekli 11112013

usdzhpidaili 11112013

on a pair USDJPY think many have paid attention to the triangle which can be clearly seen on the weekly and daily charts.It seems to be a breakdown of the triangle up and continuation of the uptrend.On the weekly chart has formed a pattern

Pin Bar on the border triangle.On the daily chart pattern is not there.For entries in the transaction is recommended to wait for clearer as Price Action Patterns situations and signals.

EURJPY

erzhpidaili 11112013

price EURJPY pair formed a pattern of inner bar rolling back to the previous penetration level of support and a broken trendline.Maybe even a slight pullback followed up, and then continued falling prices.The transaction is recommended to go by the rules of the pattern.

GBPJPY

gbpzhpidaili 11112013

on GBPJPY pair formed a price pattern Inner bar near the lower boundary of the lateral movement of 156.790.Which way will be the final breakdown of the lateral movement is not yet clear, but I think the growth will continue.The transaction is recommended to go by the rules of the pattern carefully.