In an article a week it makes “perspective of dollar US - Dollar in order to reinforce more ulteriorly „we have postulated that the dollar would have had a good week and so as to it has turned out. Our logic pure has been based on the psycology of the trader NOT the foundations or the news. Action of this week extension graphically as the important psycology of the trader is.
Memories always that this is the equation for the movement of the market:
Psycology = price of the trader of foundations
The important foundations are not really how much like perceive them to the investor.
All we have the same facts to examine but all we gain our conclusions, from what we see and that one is the price. The problem with the human beings is not logical. They too much push always the prices far away, with ingordigia and fear that govern their actions. The dollar has been pressed on a history that was hardly too much bearish. The traders had convinced that one:
1. The economy of the United States would enter in recession
The recent data of job and the P.I.L however have been good to indicate a recovery
2. The interest rates would fall on 1_
Last weeks FOMC have put a term to that history.
3. The prices of the oil would exceed 100 a keg and continu to aare to increase
Not there is sparsity of oil and the prices are destined in order to sell in years 80
4. The accreditation crisis is limited in the United States
It has been exaggerated and other countries have problems to
When the traders realize that they have pushed the prices too much far away - all try and exit at the same time.
This has caused an increase in dollar like the investor whom they have sold realize that the prices have been pushes far away. If you can learn to sell the psycology of the participants you will be able to obtain the warning of advance of large carried out decisive and of great profits.
We have formulated the past week the following observations:
“Euro - we were trying the bounce in order to conclude to us and to think 1,48 is the majority of the traders can hope for on the advanced part. We think that the euro you sell to 1.44 this year and inferior to 1.40 with 2008 “.
Comment: The result is we is of right - and now we are selling near objective 1,44 that is 6 points from the levels. We think that the euro can even move beyond our objective.
The only currency sees of the greater ones with the good advanced part against the dollar is Yen and here it is what we have postulated the past week.
“Yen - it is the only main currency that could reinforce against the dollar. Currently we are selling near 112.00 with resistance more constant to 114.00. We would behind attend at least a good dive from region 112 as the dollar observes over bought in the short term “.
Comment: The gathering of the dollar has gone more ahead than we have previewed but looks like level 114.00 will render an entry point on a dive of momentum like it verification.
IMPORTANT!
The aspect important to remember itself with the psycology of the trader never is does not anticipate what the flock will make always the action on the action of prices while it is - that sense that been selling the truth, trades them the probabilities and as we have demonstrated the past week this we can dargli the commerce that can give to the profits to low risk and great you.
