Technical Analysis on FXone - page 26
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Morning Forex Overview, Dukascopy Bank
2011-07-28
PREVIOUS SESSION OVERVIEW
The yen retained its strength against the euro and the dollar Thursday in Asia as traders park their funds in safe havens as sovereign debt concerns both in the U.S. and the euro zone linger.
Still, fear of a currency intervention by the Japanese Finance Ministry has made traders wary of pushing the yen higher, even though they believe such action is a little way off... read Morning Forex Overview
FXone
Today's EUR/USD Forecast, ForexMillion
2011-07-28
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1.4315, which will be followed by reaching support level 1.4185... read Today's EUR/USD Forecast
FXone
Daily Forex Analysis: the USDJPY still Looks Weak, Fx-insights
2011-07-28
The USDJPY continues to fall. However, the top side of the former resistance line continues to hold. It is providing strong support. If we have a long term in place at the March low, then price needs to turn near here.
For now, the forecast remain bearish. If price goes above 79.60, we might change our model or begin to think a bit differently... read Daily Forex Analysis: the USDJPY still Looks Weak
FXone
Daily Forex Analysis: The USDCAD is Bearish Below .9778, Fx-insights
The Loonie is bearish as long as price is below 9778.
Focus is on channel resistance as well as the recent low at 9444 (the 100% extension of the decline from 9912) and the 161.8% extension at 9238... read Daily Forex Analysis: The USDCAD is Bearish Below .9778
FXone
Today's Gold Forecast, ForexMilion
2011-07-28
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1625, which will be followed by reaching resistance level 1632 and then 1646.
An downtrend will start as soon as the pair drops below support level 1614, which will be followed by moving down to support level 1604 and then 1587... read Today's Gold Forecast
FXone
Forex and Related Markets Commentary, HY Markets
2011-07-28
FOREX
EUR/USD posted a key reversal down on Wednesday marking a potential double top with the early-July high. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends this week's rally, July's high crossing is the next upside target. Closes below the 10-day moving average crossing would confirm that a top with the early-July high has been posted... read Forex and Related Markets Commentary
FXone
Pre US Open Analysis, FxPro
2011-07-28
EUR/USD INTRADAY: UNDER PRESSURE.
Pivot: 1.441
Most Likely Scenario: Short positions below 1.441 with targets @ 1.427 & 1.419 in extension.
Alternative scenario: Above 1.441 look for further upside with 1.446 & 1.4535 as targets.
Comment: as long as the resistance at 1.441 is not surpassed, the risk of the break below 1.4325 remains high... read Pre US Open Analysis
FXone
Intraday Snapshot, FxPro
2011-07-28
EUR/USD
Support at the week's low at 1.4325 is under threat, as Wednesday's 1.4537 high has become stranded. Wednesday's bearish outside day and bearish engulfing candle defines the near-term tone, and while corrective weakness remains capped beneath 1.4435, the downside threat remains prevalent. A clean break below 1.4325 would bring the July 21 higher low at 1.4138 back into the picture, which protects the July 18 higher low at 1.4014. Regaining ground above 1.4435 would provide respite, but only above 1.4479 would suggest a return to the 1.4537 high is on the cards... read Intraday Snapshot
FXone