Technical Analysis on FXone - page 11
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Daily Forex and Market Report (Fx-insights)
2011-07-04
FOREX
The Dollar Index (74.13) is trading just above an important support at 74. While it holds we might see a recovery towards 75. Important to note is that while below 75, the index can dip to 72.50-30 in the coming days as well. The BOE and ECB meeting is on Thursday (07-Jul-11) and the US NFP data release is on Friday (08-Jul-11). The US markets are closed today on account of the Independence Day... read full article
FXone
Pre US Open Analysis (FxPro)
2011-07-04
EUR/USD INTRADAY: THE UPSIDE PREVAILS.
Pivot: 1.4475
Most Likely Scenario: Long positions above 1.4475 with targets @ 1.458 & 1.46 in extension.
Alternative scenario: Below 1.4475 look for further downside with 1.4435 & 1.4375 as targets.
Comment: The RSI is mixed to bullish, the pair stands above its support and should post a rebound... read Pre US Open Analysis
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Major Currency Pairs (Deltastock)
2011-07-04
EUR/USD
Current level - 1.4531
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.
Last week's test of 1.4440 support failed and the overall bias remains positive for 1.4750. Crucial on the downside is 1.4436 and initial intraday support is projected at 1.4497... read Major Currency Pairs
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Intraday Snapshot (FxPro)
2011-07-04
EUR/USD
The 1.4600 level is within striking distance, as EUR bulls look to maintain their dominance. While projected support at 1.4492 limits the scope for corrective weakness, the main threat is for a push into fresh four-week highs above 1.4580, opening 1.4600 and two wave equality targets at 1.4664 and 1.4672. Only a push below 1.4456 would concern EUR bulls, exposing Friday's low at 1.4436... read Intraday Snapshot
FXone
GBP/USD: Short Term Outlook (Trend Recognition)
2011-07-04
Update for: 2011-07-04 - 2011-07-10
GBPUSD
Short-Term Trend: downtrend
Outlook: The price action is not supportive of our bearish case but as long as the prices stay below the declining 21-day moving average, we favor the short side here. Firm and sustained trading below 1.5950 however is needed to confirm a larger decline in wave D is under way... read GBP/USD: Short Term Outlook
FXone
Daily Forex Analysis: USDJPY, USDCHF (FX-insights)
2011-07-04
The USDJPY made another indecisive movement on Friday. There are no changes in my daily outlook. Price has been trapped in a range area of 82.20 - 79.55 for more than two months now and we still need a clear break from either side to see clearer direction... read Daily Forex Analysis: USDJPY, USDCHF
FXone
Morning Forex Overview (Dukascopy)
2011-07-05
PREVIOUS SESSION OVERVIEW
The dollar gained against the euro and the yen in Asia Tuesday as concerns about a possible Chinese interest rate hike reduced investor risk appetite, while expectations those U.S. multinational firms may bring their overseas profits home added to the dollar's strength... read Morning Forex Overview
FXone
Pre EU Open Analysis (FxPro)
2011-07-05
EUR/USD INTRADAY: REBOUND EXPECTED.
Pivot: 1.4450.
Most Likely Scenario: LONG positions @ 1.446 with targets @ 1.4525 & 1.4555.
Alternative scenario: The downside breakout of 1.445 will open the way to 1.442 & 1.4375.
Comment: The pair is pulling back on its support and should post a rebound as the RSI is turning up.
Trend: ST Ltd Upside; MT Range... read Pre EU Open Analysis
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