Technical Analysis on FXone - page 41
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Today's Gold Forecast, ForexMillion
2011-08-23
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1910, which will be followed by reaching resistance level 1955.
An downtrend will start as soon as the pair drops below support level 1850, which will be followed by moving down to support level 1795... read Today's Gold Forecast
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Market Snapshot, XTB
2011-08-23
Stocks try to recover
Hopes, that during the Friday speech, Fed chief will announce measures to support economic growth in the U.S., are the only chance to stabilize the financial markets in the short term. We could have observed it yesterday. However, because of the fear during the last three hours of the session on Wall Street, American indexes ended the day only slightly above the opening level. S&P500 index gained only 0.03%. DJIA rose by 0.34% and Nasdaq by 0.15%.
Record gold prices
The fear, which did not allow U.S. indexes to raise firmly, pushed gold prices on the new record levels. Tonight the price of gold reached the psychological barrier of 1,900 USD, setting a new record of 1911.74 USD. First major technical resistance level is set at 1930 USD. It is created by a parallel line to the blue upward channel on the weekly chart. Another resistance is the psychological level of 2,000 USD... read Market Snapshot
FXone
Forex and Related Markets Commentary, HY MArkets
2011-08-23
FOREIGN EXCHANGE
EUR/USD posted an inside day with a lower close on Monday as it extends this summer's trading range. The mid-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are turning bearish signalling that sideways to lower prices are possible near-term. Closes below the reaction low crossing would confirm that a short-term top has been posted... read Forex and Related Markets Commentary
FXone
Major Currency Pairs
2011-08-23
EUR/USD
Due to the low liquidity, typical for August, the pair is still in the broad consolidation pattern between 1.4580 and 1.4050. On the larger frames there is still no sign of a trend dynamics and the situation remains neutral until big players roll in.
The intraday bias is positive, well supported at 1.4434, but I expect a reversal below 1.4510 to trigger a sell-off for a break through 1.4344 major support, towards 1.4260, en route to 1.4150... read Major Currency Pairs
FXone
Pre US Open Analysis, FxPro
2011-08-23
EUR/USD INTRADAY: FURTHER ADVANCE.
Pivot: 1.442
Most Likely Scenario: Long positions above 1.442 with targets @ 1.4515 & 1.454 in extension.
Alternative scenario: Below 1.442 look for further downside with 1.4385 & 1.4345 as targets.
Comment: The RSI is well directed, the pair remains on the upside and is challenging its previous high... read Pre US Open Analysis
FXone
Intraday Snapshot, FxPro
2011-08-23
EUR/USD
Pressure is back on support at 1.4345, as EUR bears successfully defended last Friday's high at 1.4453. The failure to retest 1.4453 on Monday suggests a downmove towards projected support at 1.4319 is on the cards, and a wave of concerted EUR bear pressure would bring last Friday's low at 1.4258 back into the picture. Regaining ground above 1.4392 would attract gains towards Monday's 1.4434.
... read Intraday Snapshot
FXone
Pre EU Open Analysis, FxPro
2011-08-24
EUR/USD INTRADAY: REBOUND.
Pivot: 1.4380.
Most Likely Scenario: LONG positions @ 1.439 with 1.445 & 1.4515 in sight.
Alternative scenario: The downside penetration of 1.438 will call for 1.4345 & 1.4295.
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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Morning Forex Overview, Dukascopy Bank
2011-08-24
PREVIOUS SESSION OVERVIEW
The dollar gave up gains versus the yen made earlier Wednesday in Asia as expectations waned for measures announced by Japan to stem the yen's strength.
The dollar moved higher early in Asia following news that Japanese Finance Minister Yoshihiko Noda would hold a press conference on steps to cope with the strong yen.
The actual measures announced later, however, didn't impress.. read Morning Forex Overview
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