At night there was limited movement of the currency market

Technical analysis for 30.07.2009
Beige book of the Federal Reserve showed that the rate of decline in economic activity is moderate and even started to stabilize, and the Commerce Department report showed that the sharp drop in business investment spending in the U.S. seems to have reached the bottom. Both reports lifted expectations that the U.S. recession, which began in December 2007 can be izgleglya end. U.S. shares dropped for a second day. Despite the termination of the trading session in negative territory, stocks regained about half of its losses after the release of the beige book. S & P500 lost 0.5% and major energy companies saw a decrease after the massive fall in oil prices as data showed that stocks of oil gathered more than 5 barrels per month in the week to July 24.
On the FX market was limited movements at night. Dollar was little changed against the euro after a decline of EUR / USD to around 1.4050 yesterday.
German retail sales for June and data on unemployment can be prevlekat little attention.
However, the main emphasis will be on the big izdavanete seven-year U.S. bonds – especially given the weaknesses in the last auction two days.

EUR / USD
Euro / dollar had a significant decreasing momentum yesterday. As can be seen in four-hour schedule extending formation was broken down and the price samples below 1.4050, assuming potential Mechi views. This should cause a further downward momentum to test 1.3870 and even 1.3750 key level. CCI, however, is re-zone and upwards of four-hour taymfreym so that should be taken for potentially increasing pressure to test the resistance level of 1.4050 and 1.4120. Break above 1.4120 should remove the prospects for decreasing scenario.

GBP / USD
Pound / dollar continued downward movement yesterday. Ascending wedge formation we provide good signals in Mechi kretkosrochen period. Trading signals remain descendants to test 1.6250. However, naromnyam that over 1.6000 medium-term prospects remain unclear, so we should be very careful. We need a coherent movement under 1.6380/50 to confirm descendants scenario. First resistance is at 1.6467 (Yesterday peak). Break above may fail Mechi scenario.

USD / JPY
Yesterday dollar / yen was increasing momentum. On the four-hour taymfreym we can see that support over trendliniyata good job, preventing further attacks of the bear. Here we have something interesting battle between the formation and trendliniyata „triple top“. Break into trendliniyata should give our descendants likely to 92.70, while the break up of the triple peak around 95.30/40 will lead to a future scenario, increasing to 96.05 and 97.00. Preferably descendants scenario since long-term trend is bearish, but a triple top break should see bichi prospects and potential failure of descendants.

SD / CHF
Yesterday dollar / franc had a significant upward momentum, reaching a peak of 1.0907 to 1.0870 and closed. Short signals are rising, but seems to have good resistance around the 1.0922 region. Only a clear break above this area can cause further goals by increasing impulse to 1.1022. The nearest support is 1.0800. Break below would eliminate prospects for upward movement.

* The opinion expressed in this material does not constitute advice or recommendations to buy or sell. Forecasts cover the expectations expressed by the author of the material and may not come true.

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FC „Populyarna casa95“