Technical Analysis on FXone - page 12
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Daily Forex Analysis: USDDKK Continues its Downtrend (Fx-insights)
2011-07-05
USD/DKK: is continuing to fall inside the High Clarity extended Down Channel chart pattern on the hourly chart.
The length of this chart pattern is 154 bars. This chart pattern is continuing the predominant downtrend visible on the daily and the weekly charts... read Daily Forex Analysis: USDDKK Continues its Downtrend
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Market Snapshot (XTB)
2011-07-05
Another hike in China?
Just days ago the Chinese PM said that China is doing well in a battle against inflation which was generally received as a sign that a tightening process might be approaching an end or at least a pause. It seems, however, that his optimism is not shared in the PBOC. The bank is still worried about the inflation and according to the Chinese press, it might increase interest rates as soon as the next weekend.... read Market Snapshot
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Daily Forex Analysis: Cable Bearish Below 1.6096
2011-07-05
Investors bought Cable at higher levels for a fourth consecutive day but movement, similar to the last three trading days, was marginal and the highs were rejected.
This upside failure has been translated into more selling in overnight trading and with intraday momentum negative we look for lower levels. Our outlook for now is cautiously bearish below... read Daily Forex Analysis: Cable Bearish Below 1.6096
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Pre US Open Analysis (FxPro)
2011-07-05
EUR/USD INTRADAY: REBOUND EXPECTED.
Pivot: 1.445
Most Likely Scenario: Long positions above 1.445 with targets @ 1.45 & 1.4525 in extension.
Alternative scenario: Below 1.445 look for further downside with 1.442 & 1.4375 as targets.
Comment: the pair is rebounding on its support as the RSI is turning up... read Pre US Open Analysis
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Major Currency Pairs (Deltastock)
2011-07-05
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.
Current intraday bias is negative, for a break below 1.4436, en route to 1.4330. Initial resistance on the upside is 1.4500 and crucial area is 1.4553... read Major Currency Pairs
FXone
Major Currency Pairs (Deltastock)
2011-07-05
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.
Current intraday bias is negative, for a break below 1.4436, en route to 1.4330. Initial resistance on the upside is 1.4500 and crucial area is 1.4553... read Major Currency Pairs
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S&P 500: Technical Analysis, W1 (XTB)
2011-07-05
Last week brought a significant upward movement at the US stock market. Looking at the S&P 500, from the technical point of view, it was caused by the end of the large running correction (ABC)... read S&P 500: Technical Analysis, W1
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Pre EU Open Analysis (FxPro)
2011-07-06
EUR/USD INTRADAY: REBOUND.
Pivot: 1.4400.
Most Likely Scenario: LONG positions @ 1.441 with 1.45 & 1.4525 as next targets.
Alternative scenario: The downside penetration of 1.44 will call for 1.434 & 1.431.
Comment: The pair has rebounded on its new support and is challenging its resistance.
Trend: ST Ltd Upside; MT Range... read Pre EU Open Analysis
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