Technical Analysis on FXone - page 32
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Afternoon Forex Overview, Dukascopy Bank
2011-08-03
PREVIOUS SESSION OVERVIEW
The focus of the currency market right now is on soft US economic data, say dealers. That's why the euro is rising strongly against the dollar, rising as much as 1% in the midst of worries about Italy and Spain.
The euro is also up 1.4% against the Swiss franc on the Swiss National Bank's move to try and weaken the safe-haven currency. The prospect of a dismal jobs number Friday allows for more QE3 conversation... read Afternoon Forex Overview
FXone
Pre EU Open Analysis, FxPro
2011-08-04
EUR/USD INTRADAY: REBOUND EXPECTED.
Pivot: 1.4250.
Most Likely Scenario: LONG positions @ 1.426 with targets @ 1.435 & 1.438.
Alternative scenario: The downside penetration of 1.425 will call for 1.42 & 1.415.
Comment: The pair stands above its new support (50% Fibonacci retracemnet) and should post a rebound.
Trend: ST Ltd Upside; MT Range... read Pre EU Open Analysis
FXone
Major Currency Pairs, Deltastock
2011-08-04
EUR/USD is in consolidation after the recent top at 1.4941 (May 4th, 2011). Technical indicators on а daily basis are ascending and trading is situated above the 200-Day SMA, currently projected at 1.3935, and above the daily trend line.
After testing the support 1.4150, the trading level was transferred above 1.4300 and passing 1.4400, the currency pair targeting 1.4450 and 1.4580. In case of a break through the resistance level, a new price target of 1.4700 can be anticipated... read Major Currency Pairs
FXone
Daily Forex Analysis: Cable Has Some Bullish Pressure, Fx-insights
2011-08-04
Cable continues to trade above both the 50 and 200 day SMA. These levels are currently projected at 1.6205 and 1.6070. Further this indicates moderate bullish pressure.
The pair found support at 1.6250. If that level is broken we can possibly test 1.6200 and then 1.6170... read Daily Forex Analysis: Cable Has Some Bullish Pressure
FXone
Morning Forex Overview, Dukascopy Bank
2011-08-04
PREVIOUS SESSION OVERVIEW
After days of fretting publicly over the strength of the yen, Japanese authorities intervened in foreign exchange markets Thursday to let some air out of the lofty currency.
The intervention wasn't unexpected, but the timing took some by surprise as it came at the outset of what was to be a two-day policy meeting by the Bank of Japan. It also came as the yen was holding steady against its rivals, even though Japanese officials had said repeatedly they were looking for signs of yen volatility or sharp, one-sided movements... read Morning Forex Overview
FXone
EUR/AUD: testing resistance
2011-08-04
The recent two day rally allowed EUR/GBP to break out of its downtrend channel and test resistance at 1,3400. A successful test should allow the pair to rally towards its next technical stop at 1,3800... FXone EUR/AUD: testing resistance
Forex and Related Markets Commentary, HY Markets
2011-08-04
FOREIGN EXCHANGE
EUR/USD closed higher due to short covering on Wednesday and above the 20-day moving average crossing as it consolidated some of the decline off July's high. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain bearish signalling that additional weakness is possible near-term. If it 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
2011-08-04
EUR/USD INTRADAY: UNDER PRESSURE.
Pivot: 1.43
Most Likely Scenario: Short positions below 1.43 with targets @ 1.42 & 1.415 in extension.
Alternative scenario: Above 1.43 look for further upside with 1.4335 & 1.438 as targets.
Comment: The pair has broken below its support and remains under pressure... read Pre US Open Analysis
FXone