How To Get A Thousand Creadits On Poptropica

My Forex Investment - A week RED

can be defined the past week as "not positive" for financial markets. Well as for the Euro area to the United States.

could see a drop in the stock exchanges sustained and violent. Setbacks beat all world markets. However, the market assigned the worst part for the Euro ... surpassing the 10% down from peak levels of 1.6037.

Fundamental Analysis

much as the Euro area as the North American region showed negative economic indicators. The American zone showed an unemployment rate far worse than expected, and along with this showed that two major financial companies Fannie Mae and Freddie Mac require government intervention to overcome their crisis. This is a very bad sign, but we believe that the market already had taken and the impact on the price of the dollar is not very significant (but managed to close the dollar to rise in the last hours of Friday the rumor only ...) .

The United States government is committed to not to drop the U.S. financial sector, this translates into the following: 1 .- The mortgage problem in the United States is unresolved. 2 .- There is a certain relief by the United States.

The price of oil, which has a high correlation with the market FOREX EUR / USD has also shown a sharp drop in prices and apparently the next resistance should be close to the 1.00.

For we believe that fundamental analysis FOREX EUR / USD should enter a period of congestion or indecision with high volatility during the week.

Technical Analysis

Technically the market FOREX EUR / USD is in free fall, it appears that the Euro is depreciating sharply and there are analysts who think that the Euro should reach 1.3300.

As we announced the price of the Euro had to touch the trend line down and bounce down sharply this led to lower prices more than 300 EURO.

The following figure shows that low price is complete and the RSI technical indicator shows a negative slope (low signal), but in the oversold area.



Technically we think it can make some adjustments to the price as it is far from the trend line, in addition to closing the day in positive supports our position is a possible correction

For technical analysis , we think the market FOREX EUR / USD might make some corrections, but projections remain low in the euro and a stronger dollar.

recommend going short once the price rebound in the trend line.