Technical Analysis on FXone - page 24

 
 

Morning Forex Overview‏, Dukascopy

PREVIOUS SESSION OVERVIEW

The dollar fell sharply in volatile Asian trade Tuesday after U.S. President Barack Obama made clear in a nationwide address there was no deal in sight to end the debt stalemate that threatens to bring an unprecedented ratings downgrade.

The fall was temporarily arrested by a quick spike of some 70 pips against the yen, but traders quickly ruled out any intervention by Japan to arrest the yen's rise, and the dollar resumed its downward trend... read Morning Forex Overview

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Today's EUR/USD Forecast, ForexMillion

2011-07-26

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 1.4670.

An downtrend will start as soon as the pair drops below support level 1.4350, which will be followed by moving down to support level 1.4185... read Today's EUR/USD Forecast

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The greenback Remains Range Bound as US Lawmakers Continue to Argue, Fx-insights

2011-07-26

The US Dollar Index is currently trading at 74.11. The Greenback is weak against the majors as investors are monitoring the US negotiations in Washington as they struggle to reach an agreement to raise the US debt limit before the Aug 2 deadline... read The greenback Remains Range Bound as US Lawmakers Continue to Argue

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Pre US Open Analysis, FxPro

2011-07-26

EUR/USD INTRADAY: TOWARDS 1.458.

Pivot: 1.4435

Most Likely Scenario: Long positions above 1.4435 with targets @ 1.4555 & 1.458 in extension.

Alternative scenario: Below 1.4435 look for further downside with 1.439 & 1.4325 as targets... read Pre US Open Analysis

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Intraday Snapshot, FxPro

2011-07-26

EUR/USD

The 1.4500 level is being challenged, as scope has been created for 1.4580. Tuesday's Asian session break above 1.4395 completes a two-day consolidation phase, and a seven-week bear resistance line near 1.4500 is likely to be broken. EUR bulls are still on course for meeting the 1.618 extension target at 1.4733 in the longer-term. Corrective weakness will attract support while above 1.4406 and only below 1.4391 would question the bullish EUR outlook... read Intraday Snapshot

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Afternoon Forex Overview, Dukascopy Bank‏

2011-07-26

PREVIOUS SESSION OVERVIEW

The debt stalemate in Washington continues to weigh on the dollar before a pair of economic reports on US consumer confidence and home sales. Economists expect the Conference Board's consumer confidence index to fall, while new home sales are expected to rise.

With market participants locked in on the debt debate, economic reports could become secondary. A report out earlier Tuesday that showed home prices fell 4.5% in May did little to move the dollar... read Afternoon Forex Overview

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Morning Forex Overview‏, Dukascopy

2011-07-27

PREVIOUS SESSION OVERVIEW

Asian currencies soared to new highs against the dollar Wednesday, as investors showed the greenback no mercy on increasing expectations the U.S. will lose its triple-A credit rating.

The U.S. currency fell to JPY77.78, its lowest since the post-World War II-low of JPY76.25 marked in March. Japan Finance Minister Yoshihiko Noda reiterated that he will continue to closely monitor the market... read Morning Forex Overview?

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EUR/USD: Daily Outlook, Trend Recognition

2011-07-27

EURUSD: 1.4485

Very Short-Term Trend: weak uptrend

Outlook: EUR has found resistance at 1.4530/35 level and now is pulling back from there. The price action signals a weakening of upside momentum and the hourly oscillators are on weak sell signals... read EUR/USD: Daily Outlook

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