Technical Analysis on FXone - page 30
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EUR/GBP: testing lows
2011-08-02 11:20:14 CET
EURGBP once again tests its 2 month lows at0,8700 - 0,8720. A successful break should allow the pair to continue the downward trend. Key resistance is in the 0,8800 area.... FXone EUR/GBP: testing lows
AUD/USD: corrective action
AUD/USD didn't uphold its new maximum above 1,1000. The current decline below 1,0900 suggests an upcoming test of the 1,0780 support. Nonetheless we anticipate bullish tendencies to prevail in the long term perspective... FXone AUD/USD: corrective action
Forex and Related Markets Commentary
2011-08-02 12:05:06 CET
FOREIGN EXCHANGE
EUR/USD closed lower on Monday as it consolidates some of this year's rally. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are turning bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted. If it extends the rally off January's low, weekly resistance crossing is the next upside target.... read Forex and Related Markets Commentary
FXone
Pre US Open Analysis
2011-08-02
EUR/USD INTRADAY: UNDER PRESSURE.
Pivot: 1.425
Most Likely Scenario: Short positions below 1.425 with targets @ 1.415 & 1.4105 in extension.
Alternative scenario: Above 1.425 look for further upside with 1.4285 & 1.4345 as targets.
Comment: The pair remains on the downside and is approaching its next support... read Pre US Open Analysis
FXone
DAX: below 7000
2011-08-02
The big declines originated last week has resulted in the DAX index breaking its two year trend line. The bearish momentum should be ultimately confirmed by closing the week below 7000 points... FXone DAX: below 7000
Gold Looks to Become A Safe Haven Again, Fx-insights
2011-08-02
Gold is reclaiming its safe haven role ahead of the US trade open. This with the yellow metal edging higher as risk aversion grips financial markets.
Technically speaking, price remains wedged between the upper boundaries of a rising channel established from mid-July (at $1635.89) and horizontal resistance turned support at $1607.30. Support is reinforced by the channel bottom, at the $1600 figure. A break below that level possibly testing 1582.65.... read Gold Looks to Become A Safe Haven Again
FXone
Intraday Snapshot, FxPro
2011-08-02
EUR/USD
More weakness is expected towards 1.4138, following Monday's bull failure at 1.4454. The main threat is for renewed pressure on Monday's 1.4184 low, and the momentum behind the setback creates scope to 1.4138 and the July 18 higher low at 1.4014. Regaining ground above 1.4283 would provide temporary respite, but corrective upside risk is limited to the 1.4350 area... read Intraday Snapshot
FXone
Pre EU Open Analysis, FxPro
2011-08-03 EUR/USD INTRADAY: UNDER PRESSURE.
Pivot: 1.4250.
Most Likely Scenario: SHORT positions @ 1.424 with 1.415 & 1.4105 as next targets.
Alternative scenario: The upside penetration of 1.425 will call for a rebound towards 1.4285 & 1.4345.
Comment: The pair stands below its resistance and should face a weakness as the RSI is turning down.
Trend: ST Ltd Upside; MT Range... read Pre EU Open Analysis
FXone