Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 29, 2013 12:12:28

It will weaken the crown?

ColosseumFrom the perspective of technical analysis rather interesting situation prepared for market currency pair EUR / CZK. The daily chart it can be seen that the price of pushing the strong resistant threshold, which may cause it to bounce downwards. Graph, however, shows quite another important thing and that is the formation Shoulder-Head-arm. All these formations are painted after the previous price increase, but the important aspect here was that the market price formation ignored and headed further up the resistance. For this reason, it is estimated that the price is likely to break through resistance and head further up, which would mean a weakening of the koruna against the euro. IN THIS REPORT MAY APPLY Decree No. 114/2006 Coll., On the fair presentation of investment recommendations. IN THIS REPORT IS THE PERSON STATED THAT THIS MESSAGE TO COMPANY ESTABLISHED OR PREPARED.ADMINISTRATIVE OFFICE THAT UNDERTAKEN BY OVER SURVEILLANCE, THE CZECH NATIONAL BANK. ACCORDING TO THINK THERE ARE CIRCUMSTANCES, which could impair OBJECTIVITY THIS REPORT. Remuneration to persons who participated in the creation of this report is NOT DERIVED FROM TRADES COMPANY. Potential conflicts of interest in relation to this report is regulated by internal regulations. PAST RESULTS ARE NOT ANY WARRANTY PERIOD FOR FUTURE DEVELOPMENT. TRADING NAand # 160; FINANCIAL MARKETS IS RISK. NOT EXCLUDE THE POSSIBILITY OF LOSS AND EVERY TRADE is associated with certain risks. BEFORE YOU DECIDE TO INVEST, POUČENÍand READ # 160; OANDA # 160; RISKS.

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