Technical Analysis on FXone - page 40

 
 
 

Pre US Open Analysis, FxPro

2011-08-17

EUR/USD INTRADAY: INTRADAY SUPPORT AROUND 1.435.

Pivot: 1.435

Most Likely Scenario: Long positions above 1.435 with targets @ 1.445 & 1.448 in extension.

Alternative scenario: Below 1.435 look for further downside with 1.431 & 1.4275 as targets.

Comment: The pair has rebounded on its support and remains on the upside... read Pre US Open Analysis

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Forex and Related Markets Commentary, HY Markets

2011-08-17

FOREIGN EXCHANGE

EUR/USD posted an inside day with a lower close on Tuesday as it consolidated some of Monday's rally. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. Closes above the reaction high crossing are needed to renew the rally off July's low. If it renews the decline off July's high, July's low crossing is the next downside target... read Forex and Related Markets Commentary

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Intraday Snapshot, FxPro

2011-08-17

EUR/USD

The pair has rebounded on its support and should post a further advance as the RSI is well directed. Suggests long positions above 1.4350, with targets at 1.4450 and 1.4480. The downside penetration of 1.4350 will call for a slide towards 1.4310 and 1.4275.

GBP/USD

The pair stands above its support and remains on the upside. Suggests long positions above 1.6395, with 1.6480 and 1.6540 in sight. The downside breakout of 1.6395 will open the way to 1.6360 and 1.6325... read Intraday Snapshot

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Morning Forex Overview‏, Dukascopy

2011-08-23

PREVIOUS SESSION OVERVIEW

Improvement in a gauge of Chinese manufacturing coaxed risk-sensitive currencies, such as the Australian dollar and the euro, higher against rivals in Asia Tuesday, with any strength in European economic data later likely to extend the gains.

The dollar was nearly flat against the yen. Investors avoided major bets on the greenback ahead of a U.S. Federal Reserve symposium starting Friday in Jackson Hole, Wyo. They were also cautious about the yen as Japan's Finance Minister Yoshihiko Noda kept intervention concerns alive by saying he would step up vigilance on the market... read Morning Forex Overview

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re EU Open Analysis, FxPro

2011-08-23

EUR/USD INTRADAY: REBOUND EXPECTED.

Pivot: 1.4345.

Most Likely Scenario: LONG positions @ 1.4355 with 1.4435 & 1.4475 in sight.

Alternative scenario: The downside breakout of 1.4345 will open the way to 1.43 & 1.427.

Comment: The pair stands above its support and should post a rebound.

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

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The Loonie Recovers

USDCAD: The market has put in an impressive recovery since posting yearly lows near 0.9400 several days back.

While the recovery has been significant on a short-term basis, the scope exists for additional gains ahead with medium and longer-term studies still very much on the oversold side... read The Loonie Recovers

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