Technical Analysis on FXone - page 14

 

Pre US Open Analysis (FxPro)

2011-07-06

EUR/USD INTRADAY: UNDER PRESSURE.

Pivot: 1.44

Most Likely Scenario: Short positions below 1.44 with targets @ 1.431 & 1.4275 in extension.

Alternative scenario: Above 1.44 look for further upside with 1.445 & 1.447 as targets.

Comment: The pair has broken below its support and should face further down move as the RSI is badly directed... read Pre US Open Analysis

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UPDATE Forex Analysis: USDCHF Bearish Below .8445 (Fx-insights)

2011-07-06

Monday's lack direction was followed yesterday by renewed investor selling. This move lower was the most negative for more than a month and is countering last week's gains. Intraday signals for sentiment are approaching oversold but intraday rallies/profit taking remains limited and marginal... read UPDATE Forex Analysis: USDCHF Bearish Below .8445

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Morning Forex Overview‏

2011-07-06

PREVIOUS SESSION OVERVIEW

The euro recovered slightly against the dollar in Asia Wednesday from overnight falls, but the gains were limited before the European Central Bank's policy-setting meeting Thursday and U.S. June jobs data due Friday.

Fears of sovereign debt contagion in the Eurozone were rekindled by Moody's Investors Service downgrading of Portugal's ratings, but traders in Tokyo refrained from making aggressive moves ahead of upcoming events... read Morning Forex Overview

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Pre EU Open Analysis

EUR/USD INTRADAY: UNDER PRESSURE.

Pivot: 1.4350.

Most Likely Scenario: SHORT positions @ 1.434 with targets @ 1.4275 & 1.4245.

Alternative scenario: The upside penetration of 1.435 will call for 1.44 & 1.445.

Comment: The pair has struck against its resistance and remains under pressure.

Trend: ST Ltd Upside; MT Range... read Pre EU Open Analysis

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Morning Forex Overview‏

2011-07-07 09:20:46 CET

PREVIOUS SESSION OVERVIEW

The euro dug in its heels against the dollar in Asia on Thursday as investors refrained from further selling amid strong expectations for the European Central Bank to announce a rate hike later in the global day.

Strong jobs data in Australia pushed the Australian dollar up, and also buoyed demand for risk-sensitive currencies such as the euro... read Morning Forex Overview

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Today's Gold Forecast

2011-07-07

The pair is trading along an uptrend.The uptrend may be expected to continue from current levels, which will be followed by reaching resistance level 1542.

An downtrend will start as soon as the pair drops below support level 1525, which will be followed by moving down to support level 1511... read Today's Gold Forecast

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Pre US Open Analysis

2011-07-07

EUR/USD INTRADAY: UNDER PRESSURE.

Pivot: 1.435

Most Likely Scenario: Short positions below 1.435 with targets @ 1.4275 & 1.4245 in extension.

Alternative scenario: Above 1.435 look for further upside with 1.44 & 1.445 as targets.

Comment: The pair has struck against its resistance and remains under pressure.... read Pre US Open Analysis

FXone