Technical Analysis on FXone - page 13
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Market Snapshot
2011-07-06
Prices of oil and copper are rising
Tuesday brought quiet big increases in prices of industrial commodities, although it is difficult to point the one specific source of such a movement. It was not the dollar, which value was relatively stable. Potentially the most serious impulse was the increased by Barclays forecasts for Brent crude oil prices for the next year (by 10 USD to 115 USD). The decrease of official inventories of industrial metals... read Market Snapshot
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Daily Forex Analysis: Euro and Cable (Fx-insights)
2011-07-06
The EURUSD corrected lower yesterday and is now testing the 1.4400 support which is the 38.2% Fibonacci retracement of 1.4102 - 1.4577 as you can see on my 4H chart below. The forecast is bearish in the near term, especially if price able to continue the bearish pressure... http://www.fxone.pl/technical-analysis/77-analysis/18832-daily-forex-analysis-euro-and-cable
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Today's Gold Forecast (ForexMillion)
2011-07-06
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1517, which will be followed by reaching resistance level 1527.
An downtrend will start as soon as the pair drops below support level 1511, which will be followed by moving down to support level 1496... http://www.fxone.pl/technical-analysis/77-analysis/18846-todays-gold-forecast
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Major Currency Pairs (Deltastock)
2011-07-06
EUR/USD
Current level - 1.4375
EUR/USD is in a consolidation after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636.
yesterday's break below 1.4436 confirmed, that a top is in place at 1.4578 and current bias is negative for 1.4320-30 support area. Initial resistance on the upside is 1.4410, followed by 1.4467. Due to the importance of 1.4320 area, a reversal around that support is to be expected, for 1.4470. Next support area on the downside is 1.4230... read Major Currency Pairs
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EURAUD Forms a Head and Shoulders Pattern (Fx-insights)
2011-07-06
The EUR/AUD has had a relentless downtrend since its October 2009 high, being created at 1.9112. Recent movements down have been slowed by the formation of the May 11 low at 1.3226 of this year. As price has moved in a consolidating pattern over the past four months, the pair looks poised for another breakout to even lower lows.... http://www.fxone.pl/technical-analysis/77-analysis/18886-euraud-forms-a-head-and-shoulders-pattern-
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Intraday Snapshot (FxPro)
2011-07-06
EUR/USD
Resistance at 1.4500 will look to cap the corrective recovery off 1.4395. Tuesday's weakness left Monday's 1.4580 high as a potential bull failure, and EUR bears will be looking to extend the setback below 1.4395 to test the important intraday higher low at 1.4325. A break below 1.4325 is required to confirm the bull failure at 1.4580. Regaining ground above 1.4500 would provide respite, but only above 1.4553 would re-open the 1.4580 high.... read Intraday Snapshot
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NZDUSD: Technical Analysis, D1 (XTB)
2011-07-06
Recently the NZDUSD currency pair reached the major resistance area, which has been set by the 61,8% Fibo expansion. After that bears pushed the market almost 100 pips lower... http://www.fxone.pl/technical-analysis/77-analysis/18894-nzdusd-technical-analysis-d1
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Afternoon Forex Overview (Dukascopy Bank)
2011-07-06
PREVIOUS SESSION OVERVIEW
Moody's four notch downgrade of Portugal to junk status late Tuesday drew a swift reaction in Europe, with a sharp run-up in peripheral yields and CDS prices.
The euro fell, the Swiss franc grabbed a strong safety bid, and then just to cap it all China hiked rates by 25 basis points, which pushed the USD to its best levels of the day pretty much across the board. German May manufacturing orders surged 1.8% on the month against an expected 0.5% decline, however that wasn't enough to save EURUSD, which printed a USD1.4315 low for a 1% loss on the day.... read Afternoon Forex Overview
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