Technical Analysis on FXone - page 36
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Major Currency Pairs, Deltastock
2011-08-11
EUR/USD is in consolidation after the recent top at 1.4941 (May 4th, 2011). Technical indicators on daily basis are ascending and trading is situated above the 200-Day SMA, and the daily trend line.
Trading takes place in a wide range and the daily levels of resistance are situated in the price zone of 1.4320, as well the support level is created by the 200 day SMA.
In the case of a break through the resistance level a new price target of 1.4700 can be expected.
Only a daily close below the 200-day SMA will be a strong signal that the daily up trend is over and will change our expectations for a test of 1.4550 and 1.4695 after that... read Major Currency Pairs
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Morning Forex Overview, Dukascopy Bank
2011-08-11
PREVIOUS SESSION OVERVIEW
The euro rebounded from early session lows in Asian trade Thursday, led by a rally in regional stocks that caught many analysts by surprise given investors globally remain downbeat on the prospects for world growth.
Catching the eye of traders was the daily fix of the yuan against the U.S. dollar after the Chinese central bank guided its currency to a stronger-than-expected level for the third time this week, reinforcing the perception Beijing is allowing the yuan to play a key role in containing inflation.
Europe's common currency rose to USD1.4213 as of 0450 GMT, from a low of USD1.4122 early in the Asia session. The euro was at USD1.4176 late Wednesday in New York... read Morning Forex Overview
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The GBPJPY Continues to be Bearish, Fx-insights
2011-08-11
The GBPJPY continues to trade with bearish forecast settling.
The descending channel continues as well and the bearish technical pattern which completed by the breach of the neckline at 130.55 could next see and test support around 121.10.
Therefore, we expect the continuation of intraday bearishness today. This move may be preceded by a minor correction due to momentum indicators oversold stance... read The GBPJPY Continues to be Bearish
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GBP/USD: Daily Outlook
2011-08-11
GBPUSD: 1.6196
Very Short-Term Trend: weak downtrend
Outlook: GBP/USD remains in consolidative mode, but now the correction from the August 8th top has developed as a weak downtrend rather than a sideways move. Right now the hourly oscillators point up, so I expect to see gains twd 1.6250/60 where the 100-hour moving average is currently located. However, another sell-off from there is likely to be seen to new lows below 1.6110. Eventually though I expect this pair to resume its previous uptrend and to hear higher twd 1.6650. But this will likely occur sometime next week... read GBP/USD: Daily Outlook
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Pre US Open Analysis, FxPro
2011-08-11
EUR/USD INTRADAY: THE UPSIDE PREVAILS.
Pivot: 1.4125
Most Likely Scenario: Long positions above 1.4125 with targets @ 1.4275 & 1.431 in extension.
Alternative scenario: Below 1.4125 look for further downside with 1.4085 & 1.4055 as targets.
Comment: the pair is on the upside and is challenging its resistance... read Pre US Open Analysis
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Intraday Snapshot, FxPro
2011-08-11
EUR/USD
A recovery is underway off 1.4122, which will look to challenge resistance at 1.4266. There is scope for a push through 1.4266, but only recapturing 1.4335 would suggest a return to Wednesday's 1.4402 high is on the cards. A reversal below 1.4122 would put EUR bears in control, exposing the Aug. 5 low at 1.4055 and creating downside risk to 1.3950.
GBP/USD
More GBP weakness is expected to test the 1.6040 support area. However, this setback from the Aug. 1 reaction high at 1.6478 is still correcting the wider rally off 1.5783, and only a break below 1.5947 would concern GBP bulls. A recovery above 1.6295 is required to provide respite, and a push above 1.6326 would effectively open the 1.6478 peak.
USD/JPY
Thursday's Asian session low at... read Intraday Snapshot
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