Results and forecasts.
From Sergey Egishyants review:
News next week.
On Monday, a meeting of the Heads of Government of the EU, the ECB, the IMF on Greek debt. If you do not agree, must wait for June 30th. The day when Greece will have to pay the money the IMF. On the same day the program ends for Greece by the ECB.
According to CME, at the site of FX Options to set records in terms of options on a pair EUR / USD. Just about the maximum cost of insurance by reducing the EUR / USD rate reported by Bloomberg. Big Money “podstelil straw” and to hedge currency risks, to sit back and watch this circus from the side.
In a network across an article where some hot head writes that once the euro falls against the backdrop of the Greek negative, therefore, the course needs to grow. I would like to remind such optimists that the exchange rate – it is the supply / demand balance, which itself owes nothing. The market is not only the professional players, but also ordinary customers of forex exchanger. A lot of money do not play roulette market. It should be considered.
From a technical point of view there is a potential for break-up and to hang down from the level of resistance. Risk or not, provided the projected weak news background, everyone decides for himself.
Pound in the uptrend. I do not see the possibility to take a long position in the direction of the trend.
Consolidation broken up. If formed 3w up and be able to get ahead of the curve, I will consider the possibility to take a long position. While the goal of 220 points is too small to enter into long under those conditions.
The New Zealand dollar.
In a downtrend. Perhaps it formed a small consolidation, which can be used as a continuation of the trend.
As part of reducing the potential to further reduce down on schedule. If the potential down clearly manifest in the next couple of days, I will look for an opportunity to enter on a pullback down in paragraphs 80-120.
In my view, while the potential to further reduce down on schedule there.
Nikkei found support though as yet reversal pattern up not painted.
US indices also not yet decided clearly with the trend, and may be in consolidation for a long time. Therefore, in my opinion, as long as the yen to have the technical foundation to further reduce down on schedule.
While gold broke up on the news for the dollar, but the good model is not a good goal.
In the long term, can form large model “head and shoulders” down. In this regard it will be interesting situation with other precious metal:
Good entry of 3w was in the direction of the downward trend:
Palladium do not sell, just watch.
DAX can form two waves continuing downward trend and down in the area of 50% long-recoil upward trend. In the area of 50% rollback may occur buying interest from long-term investors.
WTI crude oil is consolidating within a broad sideways trend. Fundamental factors in favor of the resumption of the upward trend, I have not known.
A small digression.
One comment I wrote that all this information is useless without figures. I want to explain about the numbers. the level of risk each trader determines itself. Entry points for price extremes every man looks at his charts DC. About placement of stops and work with models, I wrote in detail on its website and in comments to trade on the forum since 2011. Who can all understand and then make their own decisions. Those who think he does not want my course materials will be useless. Just do not waste your time on them.
All successful trading.
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- IMF suddenly broke off negotiations with Greece