technisch einen Widerstand bieten
English translation: to create/be a technical resistance line
| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
|---|---|---|---|---|---|---|
|
| 10:35 Jul 7, 2008 |
| German to English translations [PRO] Bus/Financial - Investment / Securities | |||||||
|---|---|---|---|---|---|---|---|
|
| ||||||
|  Selected response from: Steffen Walter Germany Local time: 22:41 | ||||||
Grading comment
| |||||||
| Summary of answers provided | ||||
|---|---|---|---|---|
| 5 | the level of 1.58 is technically offering resistance |
| ||
| 3 +1 | to create/be a technical resistance line |
| ||
| 3 | from a technical point of view |
|
Answers
19 mins confidence: 
peer agreement (net): +1
peer agreement (net): +1to create/be a technical resistance line Explanation: "..., the 1.58 level creates/is a technical resistance line." See examples: http://www.actionforex.com/technical-analysis/weekly-forex-t... "USD/CAD Strategy: Bullish Against 1.0200, Target TBD Canadian dollar price action has remained choppy in recent weeks. Following a 6-week long attack against support at the 38.2% Fibonacci retracement of the 04/01-05/21 decline near 1.0010, Canadian dollar bulls pushed USDCAD below parity with the US dollar by the end of May. The move likely borrowed some momentum from the brief spike rally in crude oil as prices spiked to $135/barrel. Price action has since reversed sharply higher, rushing through multiple levels of Fib resistance to close above downward-sloping ***resistance line*** that had capped the upside since January. Interestingly enough, this has transpired all the while crude prices returned higher, reaching $138.54/barrel late last week. We now change our bias from neutral to bullish, looking to buy USDCAD above 1.02." http://www.billcara.com/archives/2005/07/week_28_2005071.htm... "The M40 for XGD is now 50.23, so the last rally could not overcome the ***technical resistance line***. I had been thinking XGD would take out the M40 in July, but the strong USD remains a deterrent, at least so far." -------------------------------------------------- Note added at 21 mins (2008-07-07 10:57:11 GMT) -------------------------------------------------- ... or "technical line of resistance", as used in http://emagazine.credit-suisse.com/app/_customtags/download_... (p. 4, "Fundamentals"). |
| ||
Notes to answerer
| |||
| Login to enter a peer comment (or grade) | |||
36 mins confidence:
from a technical point of view Explanation: might perhaps be one of the possible alternatives |
| |
| Login to enter a peer comment (or grade) | ||
3 hrs confidence:
the level of 1.58 is technically offering resistance Explanation: In the finance world we talk about a market value that can go up or down as having resistance or support at particular (price) levels. That is, present market conditions prevent the (price) level from falling below the support (value) or rising above the resistance (value). We see this right now with the Euro: it just can't seem to break the resistance at 1.58, although it has flirted with this level again and again. |
| |
| Login to enter a peer comment (or grade) | ||
Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.
KudoZ™ translation help
The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.
See also:
Search millions of term translations