Technical Analysis on FXone - page 31
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EUR/USD: Daily Outlook, Trend Recognition
2011-08-03
EURUSD: 1.4158
Very Short-Term Trend: downtrend
Outlook: The market did not fall yesterday, but the price pattern remains quite bearish on the hourly chart. As I write this EUR is dropping to new lows below 1.4150 and all hourly oscillators are pointing down. Still, some minor divergences also exist, so the bearish case is not guaranteed for today... read EUR/USD: Daily Outlook
FXone
Today's Gold Forecast, ForexMillion
2011-08-03
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 1691.
An downtrend will start as soon as the pair drops below support level 1658, which will be followed by moving down to support level 1640... read Today's Gold Forecast
FXone
Forex and Related Markets Commentary, HY Markets
2011-08-03
ENERGY
Crude Oil closed lower on Tuesday and below the reaction low crossing confirming that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible near-term. Closes above Monday's high crossing would confirm that a short-term low has been posted... read Forex and Related Markets Commentary
FXone
Major Currency Pairs, Deltastock
2011-08-03
EUR/USD is in consolidation after the recent top at 1.4941 (May 4th, 2011). Technical indicators on а daily basis are ascending and trading is situated above the 200-Day SMA,currently projected at 1.3935, and above the daily trend line.
We witness wide-range... read Major Currency Pairs
FXone
Intraday Snapshot, FxPro
2011-08-03
EUR/USD
Support at Tuesday's 1.4151 low is likely to come under fresh bear pressure. While corrective gains are limited to the 1.4300 area, there is scope for a downtrend extension below 1.4151, exposing 1.4138 and the July 18 higher low at 1.4014 on concerted weakness. Regaining ground above 1.4300 would provide temporary respite, but corrective upside risk is limited to the 1.4350 area... read Intraday Snapshot
FXone
Pre US Open Analysis, FxPro
2011-08-03
EUR/USD INTRADAY: FURTHER ADVANCE.
Pivot: 1.425
Most Likely Scenario: Long positions above 1.425 with targets @ 1.438 & 1.445 in extension.
Alternative scenario: Below 1.425 look for further downside with 1.42 & 1.415 as targets.
Comment: The pair has broken above its resistance and should post further advance as the RSI is well directed... read Pre US Open Analysis
FXone
Daily report MIG Bank
Failed breakout reinforces key level at 1.4580.
EUR/USDs recent bearish engulfing reversal pattern may have signaled yet another failed breakout from the daily triangle pattern. The move (which was fuelled by broad weakness across key markets), also helped reinforce key resistance at 1.4580.
Our long standing bearish view remains in play while the downtrend (from May) holds. A resumption of bearish momentum will target 1.3928 (200- DMA), where a large amount of die-hard trend followers will be watching closely for repeat support or a big squeeze lower. Only a close above 1.4580 will lead to a reassessment of this view... read Daily Report
FXone