Technical Analysis on FXone - page 29
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Forex and Related Markets Commentary, HY Markets
2011-08-01
FOREIGN EXCHANGE
EUR/USD closed lower on Thursday following Wednesday's key reversal down, which appears to have marked a potential double top with the early-July high. The mid-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are turning neutral hinting that additional weakness is possible near-term. Closes below the 20-day moving average crossing would confirm that a double top with the early-July high has been posted. If September renews the rally off July's low, July's high crossing is the next upside target... read Forex and Related Markets Commentary
FXone
Pre US Open Analysis, FxPro
2011-08-01
EUR/USD INTRADAY: THE UPSIDE PREVAILS.
Pivot: 1.435
Most Likely Scenario: Long positions above 1.435 with targets @ 1.4465 & 1.454 in extension.
Alternative scenario: Below 1.435 look for further downside with 1.4275 & 1.4225 as targets.
Comment: The RSI is supported by a rising trend line, the pair is on the upside and is breaking above its resistance... read Intraday Snapshot
FXone
Intraday Snapshot, FxPro
2011-08-01
EUR/USD
Resistance in the 1.4440 area is likely to come under threat, as the strong recovery off Friday's buying tail low at 1.4229 has room to expand. A push above 1.4414 would confirm an intraday higher low at 1.4347, opening 1.4440 and threatening further gains to 1.4479. However, only above 1.4479 would open last week's high at 1.4537 again. A setback below 1.4347 would question the bullish near-term EUR outlook, exposing 1.4300... read Intraday Snapshot
FXone
Forex update: Cable Looks to be Still Locked in a Longer Downtrend, Fx-insights
2011-08-01
GBP/USD: Despite the latest rally back above 1.6400, the Cable remains locked in a broader downtrend off of the April highs. Further, a fresh lower top is now sought out somewhere ahead of 1.6550. This could be in favor of the next downside move back towards the recent range lows near 1.5780. Only a break back above 1.6550 could delay bearish outlook... read Forex update: Cable Looks to be Still Locked in a Longer Downtrend
FXone
Pre EU Open Analysis, FxPro
2011-08-02
EUR/USD INTRADAY: UNDER PRESSURE.
Pivot: 1.4300.
Most Likely Scenario: SHORT positions @ 1.429 with 1.4185 & 1.415 in sight.
Alternative scenario: The upside breakout of 1.43 will open the way to 1.4345 & 1.44.
Comment: The pair stands below its resistance and should face a weakness as the RSI is badly directed.
Trend: ST Ltd Upside; MT Range... read Pre EU Open Analysis
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Major Currency Pairs, Deltastock
2011-08-02
EUR/USD is in a consolidation after the recent top at 1.4941 (May 4th, 2011). Technical indicators on daily basis are ascending and trading is situated above the 200-Day SMA, and the daily trend line... read Major Currency Pairs
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Morning Forex Overview, Dukascopy Bank
PREVIOUS SESSION OVERVIEW
Speculation that Japan could conduct yen-selling intervention sent the Japanese currency down against its counterparts in Asia Tuesday, although many dealers said any government action would likely have only a short-term impact, as overseas factors continue to help the safe-haven unit.
Of likely concern to the Japanese authorities, the yen failed to retreat much against the dollar, despite the U.S. House passing a debt ceiling increase during morning trade in Asia... read Morning Forex Overview
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Today's Gold Forecast, ForexMillion
2011-08-02
The pair is trading along an sideways trading pattern.
An uptrend will start as soon as the pair rises above resistance level 1618, which will be followed by moving up to resistance level 1627.
An downtrend will start as soon as the pair drops below support level 1605, which will be followed by moving down to support level 1587... read Today's Gold Forecast
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