Technical Analysis on FXone - page 39
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Pre US Open Analysis, FxPro
2011-08-16
EUR/USD INTRADAY: INTRADAY SUPPORT AROUND 1.4365.
Pivot: 1.4365
Most Likely Scenario: Long positions above 1.4365 with targets @ 1.442 & 1.4475 in extension.
Alternative scenario: Below 1.4365 look for further downside with 1.4325 & 1.4275 as targets.
Comment: The pair is challenging its new support, the RSI is turning up... read Pre US Open Analysis
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Intraday Snapshot, FxPro
2011-08-16
EUR/USD
The pair is pulling back on its new support ahead of a rebound, the RSI is supported by a rising trend line. Suggest long positions above 1.4385 with targets at 1.4475 and 1.454. The downside penetration of 1.4375 will call for 1.4325 and 1.4275.
GBP/USD
The RSI is supported by a rising trend line, the pair should post a rebound on its new support. Suggest long positions above 1.6335 with 1.641 and 1.645 as next targets. The downside breakout of 1.6325 will open the way to 1.6265 and 1.6235... read Intraday Snapshot
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Daily Report MIG BANK: EUR/JPY - Intervention driven bounce stalls... read Daily Report: EUR/JPY - Intervention driven bounce stalls
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Afternoon Forex Overview, Dukascopy Bank
2011-08-16
PREVIOUS SESSION OVERVIEW
July housing starts fall by 1.5%, defying market expectations of a 4.6% drop. Meanwhile, July import prices show subdued price pressures. Traders respond by paring back on their dollar positions, as the encouraging data feed risk appetite and high-yielding currencies.
EURUSD pulls up from pre-data lows to trade around USD1.4380 still down about 0.35%, but paring losses. USDJPY is stagnant around JPY76.67. GBPUSD changes hands in narrow band around USD1.6381.
Gold futures rose for a second day Tuesday as weak growth in the European Union boosted investor demand for a safe place to park cash... read Afternoon Forex Overview
FXone
Pre EU Open Analysis, FxPro
2011-08-17
EUR/USD INTRADAY: REBOUND.
Pivot: 1.4350.
Most Likely Scenario: LONG positions @ 1.436 with targets @ 1.445 & 1.448.
Alternative scenario: The downside penetration of 1.435 will call for a slide towards 1.431 & 1.4275.
Comment: The pair has rebounded on its support and should post further advance as the RSI is well directed.
Trend: ST Ltd Upside; MT Range... read Pre EU Open Analysis
FXone
Morning Forex Overview
2011-08-17
PREVIOUS SESSION OVERVIEW
Weak share prices prompted investors to sell the euro against the dollar and the yen Wednesday in Asia, but only slightly, as they took a wait-and-see stance before any possible moves by the Swiss authorities to weaken the franc.
While overall trade flows in Tokyo remained thin with many investors on summer leave, the small number of market participants took a cue from weak Japanese share prices to sell the common unit, traders said... read Morning Forex Overview
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USDCHF - A Base Forming? Fx-insights
2011-08-17
USDCHF: The latest reversal off of record lows TO just shy of 0.7000 is encouraging and could finally be starting to signal the formation for a potential base. Look for an acceleration of gains back towards 0.8500 over the coming days with setbacks expected to be supported above 0.7500... read USDCHF - A Base Forming?
FXone
USD/JPY: Daily Outlook, Trend Recognition
2011-08-17
USDJPY: 76.67
Very Short-Term Trend: sideways
Outlook: USD/JPY continues to trade in a very tight range. The key levels to watch though are 76.30 on the downside and 77.20 on the upside. The market is now oversold but that means nothing right now as the trading range persists. I still favor a downside breakout eventually, but until we see the prices below 76.30 we can't be sure about it... read USD/JPY: Daily Outlook
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