Technical Analysis on FXone - page 28

 
 

Intraday Snapshot, FxPro

2011-07-29

EUR/USD

Corrects higher off the 1.4253 low, but upside risk is limited to the 1.4401 area. The rally is even struggling to meet the minimum upside target at 1.4369, putting the immediate focus back onto Thursday's 1.4253 low. A push below 1.4253 would extend the sharp setback from Wednesday's 1.4537 high, exposing 1.4187 and the July 21 higher low at 1.4138. A recovery above 1.4369 would provide respite, but only above 1.4401 would lift the tone... read Intraday Snapshot

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Pre EU Open Analysis, FxPro

2011-08-01

EUR/USD INTRADAY: FURTHER ADVANCE.

Pivot: 1.4325.

Most Likely Scenario: LONG positions @ 1.4335 with 1.442 & 1.4465 in sight.

Alternative scenario: The downside penetration of 1.4325 will call for 1.4275 & 1.4225.

Comment: The RSI is supported by a rising trend line, the pair is on the upside and is approaching its next resistance.

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

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Morning Forex Overview‏, Dukascopy Bank

2011-08-01

PREVIOUS SESSION OVERVIEW

A framework agreement in the long-running debt ceiling battle in Washington sent the dollar up briefly against the yen Monday morning in Asia, but the greenback's gains faded on continued concern over a possible U.S. sovereign downgrade and further economic softening.

The dollar's failure to hold its gains Monday came also as investors had already priced in expectations for default to be averted... read Morning Forex Overview

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Oil Has Bearish Signals, Fx-insights

2011-08-01

CRUDE: The market broke through the bottom of a bearish rising wedge carved out since late July. This along with negative RSI helps to bolster the case for a downside scenario. We see first support at $94.15, with a break lower possibly testing $93.79 and $92.19. The underside of the wedge, now at $97.50, is the first level of resistance... read Oil Has Bearish Signals

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Market Snapshot, XTB

2011-08-01

Obama announces a deal, votes ahead

The weekend brought a deal between party leaders and the White House concluding that:

- There will be an immediate change to the limit by 900 bln USD and spending will be slashed by 917 bln USD over the next decade... read Market Snapshot

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Major Currency Pairs, Deltastock

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

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EUR/USD: Short Term Outlook

2011-08-01 11:22:09 CET

EURUSD: 1.4394

Short-Term Trend: sideways

Outlook: As expected EUR rallied for most of last week. Now ti stays firm and the very short-term price pattern is quite positive. However, the fact that the single currency is still below the 1.4570 important level makes the outlook on daily chart more neutral than bullish. Thus, we think that one can find some opportunities to trade from the long side on the hourly chart, but the most adequate strategy on the daily chart is to stay on the sidelines. A move abv 1.4570 will be bullish though... read EUR/USD: Short Term Outlook

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GBP/USD: Short Term Outlook, Trend Recognition

2011-08-01

GBPUSD: 1.6419

Short-Term Trend: sideways

Outlook: If our wave interpretation is correct, than GBP will remained well bid in the next few weeks but significant upside progress will not be seen (i.e. the prices are expect to remain below the 1.70 level). The trending conditions are slightly positive but there are some overbought conditions as well... read GBP/USD: Short Term Outlook

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