Technical Analysis on FXone - page 10

 

Daily Forex and Markets Report (Fx-insights)

2011-07-01

FOREX

Mixed picture on currencies. Its not a straight sell USD or buy USD trade these days . The Euro (1.4492) and the Aussie (1.0693) are strong, but the Yen (80.74) and Swiss Franc (0.8412) are weak. The Cable (1.6035) continues to underperform, but is hovering around the 200 day MA.

Today's the first day of the month and last day of the week. Further, the US is closed on Monday for Independence Day. Traders might be reluctant to take new positions immediately and trading might be quiet. Next week is eventful with the ECB Meeting on 7th and then the US NFP on 8th... read Daily Forex and Markets Report

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EUR/USD: Daily Outlook (Trend Recognition)

2011-07-01

EURUSD: 1.4539

Very Short-Term Trend: uptrend

Outlook: EURUSD continues to stair-step higher and is now very close to our target at 1.4570/1.4600. As you know, we think this rally is part of the sideways consolidation... read article

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Major Currency Pairs (Deltastock)

2011-07-01 12:00:14 CET

EUR/USD

Current level - 1.4531

EUR/USD is in a consolidation after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636... read more

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Pre EU Open Analysis (FxPro)

2011-07-01

EUR/USD INTRADAY: THE UPSIDE PREVAILS.

Pivot: 1.445

Most Likely Scenario: Long positions above 1.445 with targets @ 1.455 & 1.46 in extension.

Alternative scenario: Below 1.445 look for further downside with 1.4375 & 1.4325 as targets.

Comment: The pair remains within a bullish channel... read full article

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Intraday Snapshot (FxPro)

2011-07-01

EUR/USD

Resistance in the 1.4550 resistance area is likely to face renewed pressure, after keeping support at 1.4447 intact. A nine-week bear resistance line lies at 1.4550, but the series of higher lows on the 60-minute chart suggests there is scope for a push higher towards 1.4606. Failure to force a break above 1.4550 would concern EUR bulls, although only a reversal below 1.4467 would prompt a deeper setback towards 1.4375 and 1.4325... read full Intraday Snapshot

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Pre EU Open Analysis (FxPro)

2011-07-04

EUR/USD INTRADAY: THE UPSIDE PREVAILS.

Pivot: 1.4475.

Most Likely Scenario: LONG positions @ 1.4485 with 1.458 & 1.46 in sight.

Alternative scenario: The downside penetration of 1.4475 will call for 1.4435 & 1.4375.

Comment: The pair should pull back on its new support ahead of further up move.

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

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Daily Forex Analysis: Aussie Expected to Rise Further (Fx-insights)

2011-07-04

This chart pattern is continuing the predominant uptrend visible on the daily, weekly and the monthly charts. The top of this chart pattern (point B on the chart below) formed near the major resistance at the round price level 1.1000. The bottom of this Up Channel (point C) formed... read Daily Forex Analysis: Aussie Expected to Rise Further

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