Technical Analysis on FXone - page 21

 

The Greenback Breaks Through Support Fx-insights

2011-07-21

US DOLLAR: The Greenback broke through support which is marked by the lower boundary of a Triangle consolidation chart pattern. This could end up exposing the bottom of a falling channel that prices have moved within since late June. The underside of the triangle has been posted as near term resistance which is at 7510... read The Greenback Breaks Through Support

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GBP/USD: 50 week moving average supports for now (MIG Bank)

GBP/USD continues to be supported by the 50 week moving average after breaking out of a weekly rising channel earlier in the year.

Furthermore, long-term trend-line resistance off 2.1162 has been tested as support in recent trade... read Daily Report

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Yes US dollar index needs to extend its recovery ...

 
 

Pre US Open Analysis FxPro

2011-07-21

EUR/USD INTRADAY: CONSOLIDATION IN PLACE.

Pivot: 1.42

Most Likely Scenario: Short positions below 1.42 with targets @ 1.413 & 1.4105 in extension.

Alternative scenario: Above 1.42 look for further upside with 1.425 & 1.4295 as targets.

Comment: The RSI broke below a bullish trend line... read Pre US Open Analysis

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Intraday Snapshot FxPro

2011-07-21

EUR/USD

The July 14 high at 1.4282 is set for renewed EUR bull pressure, and a push into fresh nine-day highs is expected. The structure of the recovery from the July 12 reaction low at 1.3837 is sturdy, and the uptrend is expected to head for resistance at 1.4350. A push above 1.4282 would also create scope for 1.4458, which would become achievable on a sustained break above 1.4350. Corrective weakness is limited to the 1.4166 area, and only below there would concern EUR bulls...read Intraday Snapshot

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Pre EU Open Analysis FxPro

2011-07-22

EUR/USD INTRADAY: TOWARDS 1.45

Pivot: 1.4270.

Most Likely Scenario: LONG positions @ 1.428 with targets @ 1.45 & 1.453.

Alternative scenario: The downside penetration of 1.427 will call for a slide towards 1.422 & 1.414.

Comment: The break above 1.427 is a positive signal that has opened a path to 1.45.

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

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Morning Forex Overview‏ Dukascopy

2011-07-22

PREVIOUS SESSION OVERVIEW

The euro on Friday held onto most of its gains made overnight on news of a comprehensive bailout package for Greece, but doubts about a long-term solution for the euro zone's debt problems made traders in Asia wary of pushing the single currency higher... read Morning Forex Overview

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