Technical Analysis on FXone - page 35
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Morning Forex Overview, Dukascopy Bank
2011-08-10
PREVIOUS SESSION OVERVIEW
The dollar regained some ground against the euro and other risk-sensitive currencies in Asia Wednesday, as short-term investors bought back the currency after the Federal Reserve sent it sliding the previous day.
But dealers were unimpressed with the greenback's gains, which they said came in thin trade and did not indicate any break with the recent longer-term trend toward further dollar weakness.
At 0450 GMT, the euro was at USD1.4349 compared with USD1.4373 late Tuesday in New York. The ICE Dollar Index, which measures the greenback against a basket of currencies, was at 74.04 from 73.91. The euro was at JPY110.39 compared with JPY110.55... read Morning Forex Overview
FXone
EUR/USD: Daily Outlook, Trend Recognition
2011-08-10
Very Short-Term Trend: sideways consolidation
Outlook: This market remains range-bound and difficult to trade. The difficulty comes from the fact that this sideways consolidation (which is apparent) has no strictly defined support and resistance levels. There are no levels that if taken out, we can expect to see a huge move in the respective direction with a high confidence. Since the market is near the upper limit of its range and is getting overbought... read EUR/USD: Daily Outlook
FXone
Major Currency Pairs, Deltastock
2011-08-10
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 1.4450, as well the support level is created by the 200 day SMA... read Major Currency Pairs
FXone
Intraday Snapshot, FxPro
2011-08-10
EUR/USD
Support at 1.4285 is likely to be tested, following the setback off 1.4398. Action has become trapped between 1.4055 and 1.4432, although while support at 1.4285 holds, Tuesday's high at 1.4398 and Monday's 1.4432 high are vulnerable. A sustained push below 1.4285 would defer the positive EUR outlook, exposing 1.4195 and 1.4135.
GBP/USD
Resistance at 1.6330 will look to cap the corrective recovery off Tuesday's 1.6176 low. A setback below 1.6270 would leave support at 1.6205 vulnerable, which protects the 1.6176 low. Only a push above Tuesday's 1.6410 high would suggest a return to the 1.6471/78 range highs is on the cards... read Intraday Snapshot
FXone
Afternoon Forex Overview, Dukascopy Bank
2011-08-10
PREVIOUS SESSION OVERVIEW
Risk aversion still front and center in currency markets based on unsettling US and European fiscal picture. In early NY trade, USDJPY hovered above its all-time low of 76.25.
French banks are trading sharply lower Wednesday amid fears France may be the next triple-A-rated sovereign to suffer a credit downgrade.
EURUSD falls by near 1% on session and EURJPY sharply down 1.6%. With respect to USDJPY, the ceiling for Japan's intervention funds are determined by the outstanding MoF financing bills, say dealers. This fiscal year's budget allots JPY 150 trn, of which 117 trn has been drawn down... read Afternoon Forex Overview
FXone
Pre EU Open Analysis, FxPro
EUR/USD INTRADAY: REBOUND.
Pivot: 1.4125.
Most Likely Scenario: LONG positions @ 1.4135 with targets @ 1.4275 & 1.431.
Alternative scenario: The downside breakout of 1.4125 will open the way to 1.4085 & 1.4055.
Comment: The pair has rebounded on its support and should post further advance as the RSI is well directed.
Trend: ST Ltd Upside; MT Range... read Pre EU Open Analysis
FXone