Technical Analysis on FXone - page 34
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Pre US Open Analysis, FxPro
2011-08-05
EUR/USD INTRADAY: CAUTION.
Pivot: 1.417
Most Likely Scenario: Short positions below 1.417 with targets @ 1.41 & 1.406 in extension.
Alternative scenario: Above 1.417 look for further upside with 1.4235 & 1.4285 as targets.
Comment: the pair is challenging its resistance, the RSI is mixed and calls for caution... read Pre US Open Analysis
FXone
Intraday Snapshot, FxPro
2011-08-05
EUR/USD
More weakness to the July 18 higher low at 1.4014 is the main threat, as the decline off 1.4537 has been upgraded. A break below Friday's Asian session low at 1.4055 is expected, and increasing EUR bear momentum would have scope for 1.3981 and 1.3940. Projected resistance lies at 1.4287, but corrective gains appear limited to 1.4203... read Intraday Snapshot
FXone
Standard and Poors Defends Decision to Cut the US Debt Rating, Fx-insights
2011-08-08
Standard & Poor's says it downgraded the US credit rating because it believes the US will keep having problems getting its finances under control.
S&P officials on Saturday defended their decision to drop the government's rating to AA+ from the top rating, AAA. The Obama administration called the move a hasty decision based on wrong calculations about the federal budget.
The S&P countered and said it was the months of haggling in Congress over budget cuts that led it to downgrade the credit rating. The ratings agency was dissatisfied with the deal lawmakers reached last weekend. And it is not confident that the government will do much better in the future... read Standard and Poors Defends Decision to Cut the US Debt Rating
FXone
EUR/USD: Short Term Outlook, Trend Recognition
2011-08-08
EURUSD: 1.4281
Short-Term Trend: sideways
Outlook: The decline last week remained corrective and that helps us with the wave structure. Since all the moves from the May top are corrective and are almost equal in terms of time, the most likely structure for this move is a Diametric formation. If correct, a rally is due soon to new highs abv 1.5000. A move abv 1.4535 will be a strong sign that such a rally is already under way... read EUR/USD: Short Term Outlook
GBP/USD: Short Term Outlook
2011-08-08
GBPUSD: 1.6389
Short-Term Trend: sideways
Outlook: GBP/USD is more less following the prediction by the wave structure presented on the chart above. The trending conditions remain positive to neutral, so we favor some further choppy consolidation this week follower by a rally attempt twd 1.66/1.67 level. A move abv 1.6475 will indicate such a move higher is already under way... read GBP/USD: Short Term Outlook
FXone
Weekly Forex and Related Markets Commentary, HY Markets
2011-08-08
Weekly outlook
This week on the Markets
After one of the most volatile weeks in many months, the markets will start the week with the historic downgrade of the US by S&P. This happened over the weekend. Bernanke will have a chance to react at the FOMC meeting. In addition, we have the Federal Budget Balance and retail sales in the US, Australian employment figures, and more. Here is an outlook on the market-movers lined up this week.
Last week ADP Non-Farm Payrolls provided some good news with an unexpected increase of 114,000 new jobs in the private sector and with further improvement in the unemployment claims dropping to the 400,000 line. This was finally translated into a :good Non-Farm Payrolls report edged up above expectations to 117,000 and the unemployment rate dropped to 9.1% below the 9.2% predicted indicating promising news for the US job market. Will this trend continue?... read Weekly Forex and Related Markets Commentary
FXone
Intraday Snapshot, FxPro
2011-08-08
EUR/USD
Support at 1.4285 is likely to be breached, following the sharp setback off Monday's Asian session high at 1.4432. Weakness to the 1.4243 area is the main threat, which coincides with the 50% Fibonacci retracement level of the 1.4055/1.4432 rally. A recovery above 1.4389 would bring the 1.4432 high back into focus, threatening more gains to the July 27 reaction high at 1.4537... read Intraday Snapshot
FXone
Pre EU Open Analysis, FxPro
2011-08-10
EUR/USD INTRADAY: THE UPSIDE PREVAILS.
Pivot: 1.4275.
Most Likely Scenario: LONG positions @ 1.4285 with targets @ 1.44 & 1.4455.
Alternative scenario: The downside penetration of 1.4275 will call for 1.4225 & 1.418.
Comment: The pair remains on the upside and is challenging its resistance.
Trend: ST Ltd Upside; MT Range... read Pre EU Open Analysis
FXone