Technical Analysis on FXone - page 23

 

Market Snapshot, XTB

2011-07-25

Debt ceiling worries

With an initial resolve for the debt problems in Europe, markets turn to the US as the political wrangling over the fiscal policy and the debt ceiling enters a critical phase. The US debt ceiling needs to be lifted until August 2nd but according to T.Geithner (US Treasury Secretary) the process... read Market Snapshot

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Today's Gold Forecast, ForexMillion

2011-07-25

The pair is trading along an uptrend.

The uptrend may be expected to continue from current levels, which will be followed by reaching resistance level 1623 and then 1632.

An downtrend will start as soon as the pair drops below support level 1604, which will be followed by moving down to support level 1587... read Today's Gold Forecast

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GBP/USD: Short Term Outlook, Trend Recognition

2011-07-25

GBPUSD: 1.6297

Short-Term Trend: sideways

Outlook: GBP rallied abv 1.6260 last week which in turn requires some change in our wave count. I still think a Diametric formation is forming from May 2010 low, but I've re-grouped the waves and I now believe we are in the final wave (g) of that Diametric. The confidence however is not high... read GBP/USD: Short Term Outlook

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NO PROGRESS With US Debt Ceiling, Fx-insights

2011-07-25

Efforts to conclude a plan to increase the debt ceiling showed no progress Sunday night as lawmakers still have not agreed a path forward to avoiding a potential default despite a weekend of talks.

Sunday night President Barack Obama met two lawmakers from his own party, House Democratic Leader Nancy Pelosi and Senate Majority Leader Harry Reid... read NO PROGRESS With US Debt Ceiling

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Pre US Open Analysis, FxPro

2011-07-25

EUR/USD INTRADAY: BULLISH BIAS ABOVE 1.429.

Pivot: 1.429

Most Likely Scenario: Long positions above 1.429 with targets @ 1.444 & 1.45 in extension.

Alternative scenario: Below 1.429 look for further downside with 1.4255 & 1.422 as targets.

Comment: The break above 1.429 is a positive signal that has opened a path to 1.444... read Pre US Open Analysis

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Intraday Snapshot, FxPro

2011-07-25

EUR/USD

Remains positive while projected support at 1.4283 holds. Successfully defending 1.4283 would prompt a recovery back to Friday's marginal high at 1.4440, which shields the wave equality target at 1.4458. This 1.4458 target needs to be met in order to validate the recovery off the July 18 higher low at 1.4014. Failure to keep 1.4283 intact would damage the wave structure, and create scope for weakness to the July 21 low at 1.4138... read Intraday Snapshot

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Pre EU Open Analysis, FxPro

2011-07-26

EUR/USD INTRADAY: TOWARDS 1.4555

Pivot: 1.4400.

Most Likely Scenario: LONG positions @ 1.4425 with targets @ 1.4555 & 1.458.

Alternative scenario: The downside breakout of 1.44 will open the way to 1.4355 & 1.4325.

Comment: The RSI broke above a bearish trend line.

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

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