Technical Analysis on FXone - page 19

 

Intraday Snapshot FxPro

EUR/USD

There is scope for more corrective gains above 1.4054 towards the 1.4185 area. A break above 1.4054 is required to build on the recovery off Tuesday's 1.3837 low, but Monday's completion of a bear pennant keeps the downside threat prevalent, limiting the rally to the vicinity of the pennant breakout point at 1.4178. A push below 1.3935 would prompt a setback towards 1.3871, and only below the latter would re-expose the 1.3837 low... read Intraday Snapshot

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Today's Gold Forecast ForexMillion

2011-07-13

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 1581.

An downtrend will start as soon as the pair drops below support level 1563, which will be followed by moving down to support level 1554... read Today's Gold Forecast

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Afternoon Forex Overview‏ Dukascopy

2011-07-13

PREVIOUS SESSION OVERVIEW

The dollar added to its losses Tuesday after Federal Reserve Chairman Ben Bernanke's prepared testimony in front of Congress was released.

Bernanke's statement reiterated recent comments that U.S. growth remains modest so far in 2011. He said the central bank expects the economy to improve during the second half of the year, but it remains at the ready to ease monetary policy if growth remains slow... read Afternoon Forex Overview

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Pre EU Open Analysis FxPro

2011-07-19

EUR/USD INTRADAY: END OF THE CONSOLIDATION.

Pivot: 1.4025.

Most Likely Scenario: LONG positions @ 1.4035 with 1.415 & 1.4225 in sight.

Alternative scenario: The downside breakout of 1.4025 will open the way to 1.395 & 1.39.

Comment: The break above an intraday bearish channel resistance and the 1.4025 strong support level are calling for a recovery... read Pre EU Open Analysis

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Morning Forex Overview‏ Dukascopy

2011-07-19

PREVIOUS SESSION OVERVIEW

The euro held onto small gains against the dollar in Asia Tuesday ahead of the European Union's emergency debt crisis summit Thursday, while intervention fears underpinned the dollar against the yen.

Persistent jitters over European sovereign debt concerns and dovish remarks by Australian's central bank on its rate outlook have kept market sentiment risk averse, while caution ahead of Thursday's euro zone meeting means traders are wary of building up fresh short positions on the single currency... read Morning Forex Overview

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Today's Gold Forecast ForexMillion

2011-07-19

The pair is trading along an uptrend.

The uptrend may be expected to continue from current level, which will be followed by reaching resistance level 1612 and then 1623.

An downtrend will start as soon as the pair drops below support level 1589, which will be followed by moving down to support level 1589.

Resistances: 1612, 1623

Supports: 1589, 1580, 1567... read Today's Gold Forecast

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Daily Forex Analysis: The Kiwi Trades at Fresh Record Highs

Fx-insights

NZDUSD has traded to a fresh record and reached a resistance line. Being in unchartered territory, upside levels will be a little hard to figure. Former resistance at 8280 has held well as support. There are warning signs that the trend is nearing its end: increased volatility and RSI divergence with the most recent highs... read Daily Forex Analysis: The Kiwi Trades at Fresh Record Highs

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