Technical Analysis on FXone - page 42
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EUR/USD: Daily Outlook, FxPro
2011-08-24
EURUSD: 1.4403
Very Short-Term Trend: sideways
Outlook: I have posted the 240-min chart this time to better show the sideways pattern on the daily and hourly chart. Yesterday EUR attempted a rally but it failed below the key levels on the upside: 1.4516 and 1.4530. At this stage only a clear mvoe abv 1.4530 will be a strong sign that the recent sideways consolidation is over. And until that happens, we are simply in a trading range environment. On the downside, the key level is far away from the current market - at 1.4055... read EUR/USD: Daily Outlook
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Today's Gold Forecast, ForexMilion
2011-08-24
The pair is trading along an downtrend.
The downtrend may be expected to continue from resistance levels 1850 - 1862, which will be followed by reaching support level 1828 and then 1795.
An uptrend will start as soon as the pair rises above resistance level 1862, which will be followed by moving up to resistance level 1887... read Today's Gold Forecast
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The Aussie Continues its Bullish Rise, Fx-insights
2011-08-24
The AUDUSD was bullish yesterday. The market topped at 1.0533 and closed at 1.0514.
On hourly chart below we can see price is moving inside a minor bullish channel. This suggests a bullish intraday outlook possibly testing 1.0600. However, unless price breaks above 1.0600 or below 1.0300, my overall technical forecast remains neutral... read The Aussie Continues its Bullish Rise
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Pre EU Open Analysis, FxPro
2011-08-31
EUR/USD INTRADAY: UNDER PRESSURE.
Pivot: 1.4475.
Most Likely Scenario: SHORT positions @ 1.4465 with 1.438 & 1.435 as next targets.
Alternative scenario: The upside penetration of 1.4475 will call for a rebound towards 1.4525 & 1.455.
Comment: The pair is shaping a triangle and should face further weakness, the RSI is capped by a declining trend line.
Trend: ST Ltd Upside; MT Range... read Pre EU Open Analysis
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Morning Forex Overview, Dukascopy Bank
2011-08-31
FUNDAMENTAL MARKET OVERVIEW
EUR: European economic confidence index declines to 98.3
"The risk of recession in the euro area has clearly increased" - Daniel Hartmann, an economist at Bantleon Bank AG
European economic confidence decreased the most since December 2010 in August, the European Commission in Brussels announced on Tuesday. Specifically, the index slid from revised 103 points in July to 98.3 points this month. "The risk of recession in the euro area has clearly increased as demand from Asia is flagging and governments' efforts to cut fiscal deficits are curbing domestic consumption," said Daniel Hartmann, an economist at Bantleon Bank AG. "I expect the indicator to decline further in the coming months."... read Morning Forex Overview
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USD/JPY: Daily Outlook, Trend Recognition
2011-08-31
Very Short-Term Trend: sideways
Outlook: You can clearly see from the chart above that nothing important has happened here for the past few days. The market remains range bound with key support at 76.40. This support gave way two weeks ago, but the prices quickly returned above it then. The daily chart does not tell us firmly if this consolidaiton is a continuation pattern... read USD/JPY: Daily Outlook
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