Technical Analysis on FXone - page 47

 
 

Pre US Open Analysis, FxPro

2011-09-08

EUR/USD INTRADAY: CAPPED BY A NEGATIVE TREND LINE.

Pivot: 1.411

Most Likely Scenario: Short positions below 1.411 with targets @ 1.401 & 1.3975 in extension.

Alternative scenario: Above 1.411 look for further upside with 1.415 & 1.42 as targets.

Comment: The pair is capped by a declining trend line and is shaping a triangle pattern... read Pre US Open Analysis

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Forex and Related Markets Commentary, HY Markets

2011-09-08

FOREIGN EXCHANGE

EUR/USD posted an inside day with a higher close on Wednesday as it consolidated some of the decline off August's high. The high-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. If it extends the aforementioned decline, July's low crossing is the next downside target... read Forex and Related Markets Commentary

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The USDJPY Remains Unclear and Ranged, Fx-insights

2011-09-08

The USDJPY did not make any significant moves yesterday.

There are no changes in my technical outlook. The major outlook remains bearish. However, until price makes a clear break below 76.21, price is still consolidating. Looking up, a clear break above 77.50/80 could change my intraday forecast to a bullish for a possible test at 79.55... read The USDJPY Remains Unclear and Ranged

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Morning Forex Overview‏, Dukascopy Bank

2011-09-09

FUNDAMENTAL MARKET OVERVIEW

EUR

"We expect the euro area economy to grow moderately, subject to particularly high uncertainty and intensified downside risks," said Jean-Claude Trichet, President of the European Bank. "We stand ready to provide liquidity as we have done in the past, taking into account the needs of the banking sector."... read Morning Forex Overview

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Pre EU Open Analysis, FxPro

2011-09-09

EUR/USD INTRADAY: UNDER PRESSURE.

Pivot: 1.3970.

Most Likely Scenario: SHORT positions @ 1.396 with 1.3875 & 1.3815 in sight.

Alternative scenario: The upside breakout of 1.397 will open the way to 1.402 & 1.411.

Comment: The RSI is capped by a declining trend line, the pair stands below its new resistance and remains under pressure... read Pre EU Open Analysis

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Today's GBP/USD Forecast, Fx-insights

2011-09-09

The pair is trading along an sideways trading pattern.

The downtrend may be expected to continue in case the market drops below support level 1.5915, which will be followed by reaching support level 1.5830 and then 1.5765... read Today's GBP/USD Forecast

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Oil: further gains?

2011-09-09

Oil seems to be experiencing problems with overcoming resistance at 90,00 USD. This would be essential for the continuance of the pattern within the uptrend chanel. Closes support is located at recent lows at 88,40 USD... FXone Oil: further gains?

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Major Currency Pairs, Deltastock

2011-09-09

EUR/USD

The pair is in a broad consolidation pattern below 1.4580 resistance area and current sell-off from 1.4550 is expected to be the final slide to complete that pattern. Technical indicators on the larger frames are neutral and trading is situated between the 50 and 200 daily SMAs, currently projected at 1.4301 and 1.4020... read Major Currency Pairs

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