Technical Analysis on FXone - page 9

 

Today's GBP/USD Forecast (ForexMillion)

2011-06-30

The pair is trading along an uptrend.

An downtrend will start as soon as the pair drops below support level 1.6065, which will be followed by moving down to support level 1.5955.

An uptrend will continue as soon as the pair rises above resistance level 1.6155, which will be followed by moving up to resistance level 1.6205... full article

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European Session Briefing: FOREX and Commodities (Fx-insights)

The US Dollar came under intense selling pressure as an affirmative Greek parliamentary vote signing off on an austerity plan, which will include tax hikes, spending cuts and government asset sales paved the way for additional EU/IMF aid for the beleaguered Mediterranean country.

The outcome eased fears of an imminent sovereign default within the Euro Zone, boosting market wide confidence and weighing on safe haven demand. The US Dollar Index fell as much as 0.6 percent against its leading counterparts while the MSCI Asia Pacific regional stock index rose 1 percent... full article

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Major Currency Pairs (Deltastock)

2011-06-30

EUR/USD

Current level - 1.4479

EUR/USD is in a consolidation after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636.

I think, that current high at 1.4522 marks a reversal point for the whole uptrend since 1.4101 and although the pair couldn't test precisely 1.4550 resistance today's outlook is bearish for 1.4327 support area... full article

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Pre US Open Analysis (FxPro)

2011-06-30

EUR/USD INTRADAY: THE UPSIDE PREVAILS.

Pivot: 1.4425

Most Likely Scenario: Long positions above 1.4425 with targets @ 1.4525 & 1.455 in extension.

Alternative scenario: Below 1.4425 look for further downside with 1.4375 & 1.4325 as targets.

Comment: The pair is pulling back on its new support but remains within a bullish channel, the RSI is supported by a rising trend line... read article

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Intraday Snapshot (FxPro)

2011-06-30

EUR/USD

The bounce off support at 1.4325 brings the focus onto the 1.4540/50 resistance area. The push into fresh three-week highs above 1.4449 recovery strengthens the 1.4325 higher low, and a bear channel resistance line at 1.4550 this week is within striking distance, protecting 1.4606. Only a setback below 1.4429 would concern EUR bulls and expose the 1.4325 higher low... full Intraday Snapshot

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Pre EU Open Analysis (FxPro)

2011-07-01

EUR/USD INTRADAY: THE UPSIDE PREVAILS.

Pivot: 1.4450.

Most Likely Scenario: LONG positions @ 1.446 with 1.455 & 1.46 in sight.

Alternative scenario: The downside breakout of 1.445 will open the way to 1.4375 & 1.4325.

Comment: The RSI is supported by a rising trend line, the pair is rebounding on its bullish channel lower boundary and should post further advance.

Trend: ST Ltd Upside; MT Range... read article

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