Technical Analysis on FXone - page 17

 

UPDATE: EURCHF Could Move Below 38.2 Fibo at 1.1930 Fx-insights

2011-07-11

The EURCHF pair has traded mostly to the downside for the better part of the past eleven-months, and with the pair setting all time lows last Monday, at 1.1804.

The pair had fallen 1075 pips from its high in May to its low last Monday, but the fundamental picture suggests further declines in the pair... read UPDATE: EURCHF Could Move Below 38.2 Fibo at 1.1930

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Afternoon Forex Overview‏ Dukascopy

2011-07-11

PREVIOUS SESSION OVERVIEW

Euro zone debt concerns rattled markets Monday, sending the euro and other riskier assets sharply lower as traders sought safety.

The euro fell 1.4% against the dollar to trade near the USD1.40 level, and hit a record low against the Swiss franc and a multi-month low against the yen. Other risk assets like stocks and commodities followed the common currency lower as traders became more conservative... read Afternoon Forex Overview

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Morning Forex Overview‏ Dukascopy

2011-07-12

PREVIOUS SESSION OVERVIEW

The euro fell sharply in Asia after newly elected IMF Managing Director Christine Lagarde appeared cautious about a second bailout package for Greece, making comments that swept away earlier gains following euro-zone finance ministers' efforts to calm the markets and prevent the European debt crisis from... read Morning Forex Overview

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Pre EU Open Analysis FxPro

EUR/USD INTRADAY: UNDER PRESSURE.

Pivot: 1.4065.

Most Likely Scenario: SHORT positions @ 1.4055 with 1.392 & 1.384 as next targets.

Alternative scenario: The upside breakout of 1.4065 will open the way to 1.411 & 1.4175.

Comment: The pair stands below its new resistance and remains under pressure.

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

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Daily Forex Analysis: Euro Continues to Fall... Below Key Support @ 1.4000

2011-07-12

The EURUSD had a significant bearish momentum yesterday. The market broke below the triangle formation as you can see on my daily chart and fell below the key support at 1.4000... read Daily Forex Analysis: Euro Continues to Fall... Below Key Support @ 1.4000

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Major Currency Pairs Deltastock

2011-07-12

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.

The break through 1.4180 dynamic support unleashed a massive sell-off, which filled both my targets at 1.4070 and 1.3969 and the bias continues to be negative for 1.3716 before major reversal. Crucial resistance is projected at 1.3990 and a violation of that area will signal, that the downtrend from 1.4350 is already over... read Major Currency Pairs

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Pre US Open Analysis FxPro

2011-07-12

EUR/USD INTRADAY: UNDER PRESSURE.

Pivot: 1.398

Most Likely Scenario: Short positions below 1.398 with targets @ 1.384 & 1.38 in extension.

Alternative scenario: Above 1.398 look for further upside with 1.4065 & 1.411 as targets... read Pre US Open Analysis

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Daily report MIG Bank

2011-07-12

EUR/USD

Breaks out from major pattern.

Hit first objective at 1.3970. Stop left at 1.4305 for now.

EUR/USD has resumed its bearish activity and has broken out of the all-important triangle pattern consolidation.

The move follows last Friday’s worse-than-expected NFP figures which paradoxically pushed the US dollar higher, as market sentiment refocused back onto risk aversion and a flight to traditional quality/safe haven assets... read Daily report

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Intraday Snapshot FxPro

2011-07-12 14:12:05 CET

EUR/USD

The powerful short-term downtrend has room for more weakness, and the 1.3893 area is the immediate target. This week's completion of a bear pennant continuation pattern has unleashed a very strong bear wave, and further downside towards 1.3850 and a 1.618 Fibonacci extension target at 1.3792 cannot be ruled out on concerted EUR weakness. Regaining ground above 1.4063 is required to provide temporary respite, but scope for corrective gains is limited... read Intraday Snapshot

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