Technical Analysis on FXone - page 27

 

Major Currency Pairs, Deltastock

2011-07-28

EUR/USD is in a consolidation after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636.

Yesterday's rise peaked few pips below the dynamic resistance at 1.4525, we had a good resistence in this level show in the price bearish presure for the break the Head -Shoulder with the neckline at 1.4325. Initial support is projected at 1.4320, followed by the crucial for the whole uptrend from 1.3836, 1.4280... read Major Currency Pairs

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Afternoon Forex Overview‏, Dukascopy Bank

2011-07-28

PREVIOUS SESSION OVERVIEW

The dollar is maintaining its mixed position against other major currencies Thursday after a report showed US pending home sales rose unexpectedly last month.

That National Association of Realtors says pending home sales were up 2.1% in June. Economists were expecting a 2% decline... read Afternoon Forex Overview

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US Debt Cieling Talks Break Down in the 11th Hour

2011-07-29 08:40:31 CET

The House Republicans Thursday night cancelled a vote on the deficit reduction plan authored by Speaker John Boehner after a rebellion from conservatives left the bill in jeopardy of being rejected.

House Majority Whip Kevin McCarthy announced the news over four hours and several delivered pizzas after the initially scheduled vote that had been postponed in a futile effort to secure enough Republican support... read US Debt Cieling Talks Break Down in the 11th Hour

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Morning Forex Overview‏, Dukascopy Bank

2011-07-29

PREVIOUS SESSION OVERVIEW

Major currency pairs are little changed Friday, while investors puzzle out whether to risk any major plays before the weekend, when U.S. politicians are likely to hash out a debt agreement.

The dollar fell in Asia Friday after the U.S. House cancelled a vote on Speaker John Boehner's debt ceiling plan, adding to speculation the risk of a sovereign downgrade is rising even if a last-minute deal is reached by a Tuesday deadline to avoid default... read Morning Forex Overview

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Pre EU Open Analysis, FxPro

EUR/USD INTRADAY: REBOUND EXPECTED.

Pivot: 1.4250.

Most Likely Scenario: LONG positions @ 1.426 with targets @ 1.4395 & 1.443.

Alternative scenario: The downside penetration of 1.425 will call for 1.419 & 1.4105.

Comment: The RSI is supported by a rising trend line and the pair has broken above a bearish channel resistance.

Trend: ST Ltd Upside; MT Range... read Pre EU Open Analysis

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Today's Gold Forecast, ForexMilion

2011-07-29

The pair is trading along an sideways trading pattern.

An uptrend will start as soon as the pair rises above resistance level 1619 and 1623, which will be followed by moving up to resistance level 1640.

An downtrend will start as soon as the pair drops below support level 1610, which will be followed by moving down to support level 1604 and then 1587... read Today's Gold Forecast

FXone

 

Forex and Related Markets Commentary, HY Markets

2011-07-29

FOREX

EUR/USD closed lower on Thursday following Wednesday's key reversal down, which appears to have marked a potential double top with the early-July high. The mid-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are turning neutral hinting that additional weakness is possible near-term. Closes below the 20-day moving average crossing would confirm that a double top with the early-July high has been posted. If September renews the rally off July's low, July's high crossing is the next upside target... read Forex and Related Markets Commentary

FXone

 

Major Currency Pairs, Deltastock

2011-07-29

EUR/USD is in a consolidation after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated below the 50- and 100-Day SMA but did not close under these levels which does not give confirmation for further decline... read Major Currency Pairs

FXone

 

Pre US Open Analysis, FxPro

2011-07-29

EUR/USD INTRADAY: BULLISH BIAS ABOVE 1.425.

Pivot: 1.425

Most Likely Scenario: Long positions above 1.425 with targets @ 1.4395 & 1.443 in extension.

Alternative scenario: Below 1.425 look for further downside with 1.419 & 1.4105 as targets.

Comment: The RSI is supported by a rising trend line... read Pre US Open Analysis

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Reason: