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Market analysis "Mizuho: dollar is strongly overbought against yen" (2010-11-23)

 

 

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Technical analysts at Mizuho Corporate Bank note that US dollar retested November’s maximum at 83.79 which is also first Fibonacci 61% retracement resistance. The specialists note that the rate is slightly above the top of the daily Ichimoku Cloud, while the moving averages suggest a long position.

 

Never the less, Mizuho strategists regard the latest advance of the pair USD/JPY as corrective and expect correction and consolidation to last 1-3 weeks. The greenback seems to be strongly overbought, so the pair is likely to cap during the mentioned period and start declining again.

 

According to the bank, it’s necessary to take small shorts at 83.75 stopping above 84.05. The rate may lower to 83.25 and then to 82.00/81.65.

 

 

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Chart. H4 USD/JPY

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dailymarketanaylysis.png

Currency strategists at UniCredit note that the greenback may advance more on North Korea and Ireland.

 

Investors increased today demand for US dollar and Swiss franc as safer currencies after as artillery fire between North and South Korea began by the former. The single currency was weakened by the concerns that Irish elections will hamper bailout negotiations.

 

The pair EUR/USD went down from 1.3633 to the day’s minimum at 1.3525, while EUR/CHF – from 1.3490 to 1.3379.

 

UniCredit specialists are looking forward to the upwards revision of US GDP forecast from 2.0% to 2.4% later in the day.

 

However, the bank warns that dollar’s advance may be limited by the FOMC minutes in case the Fed calls raising core inflation its key goal.

 

 

cb6bf3975d27d595f1c5439e9e9c4495_500_0_0.jpg

Chart. H1 EUR/USD

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Market analysis "Commerzbank: trend for EUR/USD is bearish" (2010-11-23)

 

 

dailymarketanaylysis.png

 

Technical analysts at Commerzbank claim that it’s now absolutely clear that the latest advance of the single currency versus the greenback was nothing but a correction. Yesterday euro’s rebound from 1.3445 faltered at the 20-day MA at 1.3794, so that the pair EUR/USD went down below 1.3600.

 

Even though the chance a retracement into the 1.3865/1.3965 area can’t be excluded, its possibility has significantly reduced.

 

The general trend for the pair is bearish. The European currency is poised to 1.3365/35 support (38.2% retracement and the August peak) then to 1.3138 (200-day MA).

 

 

58bcfe1b29af9b4448d5b4b2dc260f17_500_0_0.jpg

Chart. H4 USD/JPY

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Market analysis "Commerzbank: USD/CHF may rise to 1.0480" (2010-11-24)

 

dailymarketanaylysis.png

Technical analysts at Commerzbank note that the pair USD/CHF keeps consolidating below the psychologically important 1.0 level. The recent down moves of the rate were modest enough to suggest that the greenback has all chances to climb this week. The key support for US currency is found at 0.9780.

 

The specialists regard the current pattern as a potential base. In their view, if USD/CHF closes above 1.0 it will rise to 1.0329 on its way towards 1.0480.

 

 

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Chart. Daily USD/CHF

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Market analysis"Commerzbank: EUR/USD will consolidate before falling down " (24/11)

 

dailymarketanaylysis.png

 

The single currency fell sharply versus the greenback from the Monday’s maximum at 1.3785 and slumped today below its initial downside target of 1.3365/35 hitting 1.3284 low so far. Analysts at Commerzbank expect the pair EUR/USD to consolidate before resuming the longer term downtrend.

 

The specialists believe that the next euro’s downside targets lie at 1.3230 (6-month support line) and 1.3136 (200-day MA). According to Commerzbank, the rate of the European currency won’t be able to get above 1.3525/1.3625. The bears will dominate the market below the channel at 1.3701.

 

 

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Chart. H4 EUR/USD

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Today's Contestants Ranking !

 

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Onika Still on #1 with over 109K capital and Evgeniy44 jumped from 4th to 3rd place with over 54k capital ......

 

Account#146551

 

Username :- Onika

 

Current Position :- No. 1

 

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1st Position Last Updated Balance :- 109341.70 $

 

Current ranking of Participants

 

todaychart.png

 

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25% bonus is really great. I am expecting it means a 25% rebate on our deposit here.

Also, there is the certificate of incorporation here to certify that the company is registered. Consequently, transactions are less risky than for an unregulated broker.

 

Hello sirwilly thank you for your comments but i want to tell you that you will get every time 25% deposit bonus whenever you deposit money in real trading account ;)

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Onika still on No.1 ( Current state of FBS Demo Contest )

 

 

 

"Onika" rocks playing more aggressively and still on No.1 . He increased 1700% :rolleyes: with 10k(Initial Deposit) to 170k(Current Balance) in just 4 days marvelous trading skills. In other-hand "wen_74" jumped 5th to 2nd place with over 78K ....

 

 

Account#146551

 

Username :- Onika

 

Current Position :- No. 1

 

Last Updated Balance :- 170829.82 $

 

recentupdate.jpg

 

Current ranking of participants

 

currenttableofranking.png

 

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Onika still on NO.1 with 274K balance ( FBS DEMO CONTEST )

 

 

"Onika" still playing aggressively crossed 274K in just few days, He increased 2700% :rolleyes: with 10k Initial Deposit superb professional trading skills. In other-hand "wen_74" crossed 108K also increasing his capital rapidly ......

 

 

Account#146551

 

Username :- Onika

 

Current Position :- No. 1

 

Last Updated Balance :- 274279.82 $

 

recentupdate.jpg

 

Current ranking of participants

 

todaychart.png

 

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Wen_74 placed at No.1 ( FBS Demo contest )

 

 

"wen_74" beat the "Onika" and became number No.1 Contestant at the moment and Onika's goes down 1st place to 2nd....

 

 

Current state of first position

 

Account#146551

 

Username :- wen_74

 

Current Position :- No. 1

 

Last Updated Balance :- 206297.11 $

 

recentupdate.jpg

 

Current ranking of participants

 

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Onika Again leading... ( FBS Demo Contest )

 

 

Onika again leading with balance 115147.70$ ( Professional trading skills ) and semenihin standing @ No.2 with capital 86847.78$ :D

 

 

999_en.png

 

Current state of first position

 

Account#146551

 

Username :- Onika

 

Current Position :- No. 1

 

Last Updated Balance :- 2115147.70$

 

recentupdate.jpg

 

Current ranking of participants

 

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The 1st 10 days of FBS “999” demo contest results

 

 

Dear traders!

 

It’s been 10 days now that FBS999” contest is running. We have obvious leaders and those who are trying to catch up with them.

 

 

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So the leader so far is a contestant from China, account number 143861 (balance: 238002.74 USD), 2nd place is taken by a contestant from Republic of Moldova, account number 146551 (balance: 127688.46 USD) and in the 3rd place there is a contestant from Russia, account number 145313 (balance: 99247.78 USD). Finally the noble 539th place is now taken by a contestant from Russia, account number 144812.

 

Please note that in each competition there might be unexpected and unpredictable events.

 

We are expecting a dynamic and exciting competition with a lot of surprises ahead.

 

We wish god luck to all the participants.:)

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Thanks to traders we are getting better!

 

 

Dear traders

 

FBS is glad to announce “In love with FBS” contest results. We have received over 100 letters with your suggestions on how to develop FBS in your countries.

 

Bright ideas, innovative solutions and a profound understanding of running business in each particular cultural background – this is what we got from your entries. And we will certainly use them all to make FBS a company of your dreams.

 

fbswinnerslist.png

 

Thank you all for taking part in the contest, it really was great fun. Stay tuned for the news as we have more interesting promotions and contests planned for the nearest future!:)

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I test this broker and i am very happy with them and its support is is really very very active and friendly. i was get my free $5 but after making $8 again i lost all and after that i am not now there but when i contact to support about leverage then they promtly help me .

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Dubovskih still @ No. 1 with over 136k capital ( FBS Demo Contest )

 

 

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"Dubovshkih" Account # 143879 (From Russian Federation) rocks still leading and playing @ No.1 with over 136K Capital and other hand "natrioni" Account # 146522 (From Indonesia) standing @ No.2 place with over 76k capital ........

 

 

See full ranking table click here

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I test this broker and i am very happy with them and its support is is really very very active and friendly. i was get my free $5 but after making $8 again i lost all and after that i am not now there but when i contact to support about leverage then they promtly help me .

 

Thank you very much for sharing your experience with FBS !

Have you participated in the FBS demo contest?

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Thank you very much for sharing your experience with FBS !

Have you participated in the FBS demo contest?

No i am not participate yet and even i dont know about his .actually lossing $5 i am not access my account but again i online and will go there and after collecting $$ again will trade . but if you update here then think it will be helpful not only mine but many members.thanks.

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No i am not participate yet and even i dont know about his .actually lossing $5 i am not access my account but again i online and will go there and after collecting $$ again will trade . but if you update here then think it will be helpful not only mine but many members.thanks.

 

Hello Nikhil Currently demo contest is active and new registrations are disabled whenever new contest will start I will update here ......

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