Technical Analysis on FXone - page 38
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Pre EU Open Analysis, FxPro
2011-08-16
EUR/USD INTRADAY: THE UPSIDE PREVAILS.
Pivot: 1.4375.
Most Likely Scenario: LONG positions @ 1.4385 with targets @ 1.4475 & 1.454.
Alternative scenario: The downside penetration of 1.4375 will call for 1.4325 & 1.4275.
Comment: The pair is pulling back on its new support ahead of a rebound, the RSI is supported by a rising trend line.
Trend: ST Ltd Upside; MT Range... read Pre EU Open Analysis
FXone
Daily Forex Commentary, Fx-insights
2011-08-16
EURUSD closed higher on Monday. This while extending the trading range of the past four weeks. The mid range close might open the door for a steady to higher opening on Tuesday. Stochastics and the RSI are turning bullish hinting that sideways to higher prices are possible near term. A close above the reaction high crossing is needed to renew the rally off July's low. If it extends the decline off July's high, July's low crossing is the next support level.
USDJPY closed lower on Monday. The low-range close might open the door for a steady opening on Tuesday. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near term. A close below the reaction low crossing might renew this summer's decline into uncharted territory... read Daily Forex Commentary
FXone
GBPJPY Has Good Support Below 125.00, Fx-insights
2011-08-16
GBPJPY: Setbacks have been well supported on dips below 125.00. We look for the formation of a fresh medium term higher low around the psychological barrier ahead of the next major upside extension. This is back towards and maybe even through 140.00. Only a weekly close below 125.00 would delay my model. A daily close back above 126.30 confirms the forecast... read GBPJPY Has Good Support Below 125.00
FXone
Major Currency Pairs, Deltastock
2011-08-16
EUR/USD is in a consolidation phase after the recent top at 1.4941 (May 4th, 2011). Technical indicators on a daily basis are ascending and trading is situated above the 200-day and the 50-day SMA.
The pair could not break below 1.4150 which brought trading consequently above1.4200, 1.4300 and 1.4400. Yesterday a test of 1.4450 followed. Trading is currently situated close to this level. If a break through the resistance of 1.4450 occurs, a new price target of 1.4700 is anticipated.... read Major Currency Pairs
FXone
Market Snapshot, XTB
2011-08-16
EURCHF goes up
The last few days have brought a sharp increase in eurchf currency pair. On Monday it climbed to 1.1457, the highest level from the end of July. It was directly connected with the talks about the fact that SNB may set a target rate between Swiss franc and euro in order to stem currency gains. On Sunday a Swiss newspapers reported that the local government conducts "intensive" talks with the Central Bank on exchange rate target. Those speculations have focused on the role of government and "the relevant plan" which could be implemented even on Wednesday.
ECB buys bonds
German economy is slowing
Events to watch
read Market Snapshot
FXone
EUR/USD: Daily Outlook, Trend Recognition
2011-08-16
Very Short-Term Trend: weak uptrend
Outlook: EUR broke abv 1.4400 and 1.4430 but there was little follow through on the upside. And this morning EUR is selling hard so it apears yesterday's breakout was a false one. And from a false breakout usually comes a fast move in the opposite direction. We also have a strong sell signal from the hourly Stochastics. Thus, I favor the short side today. A decline twd 1.4200 seems highly likely... read EUR/USD: Daily Outlook
FXone
Cable Appears to Still Be in a Downtrend, Fx-insights
GBPUSD: The market remains locked in a downtrend from the April highs. It appears that a fresh lower top is now somewhere ahead of 1.6550. This could cause a new move towards the recent range lows at 1.5780. A move above 1.6550 might delay this bearish outlook. While a move under the 200 Day SMA at 1.6085 could accelerate declines... read Cable Appears to Still Be in a Downtrend
FXone