Forex Forum to Share, Discuss, Communicate and Trade Forex

Daily Technical Levels from FXCC 29 Aug 2011

Daily Forex Analysis by FXCC is posted in this sub-forum.
Image

Daily Technical Levels from FXCC 29 Aug 2011

Postby alayoua » Mon Aug 29, 2011 11:14 am

Daily Technical Levels from FXCC 29 Aug 2011


EUR/USD
Intraday Technical Levels:

Pivot: 1.4450.
Preference: LONG positions @ 1.446 with 1.454 & 1.458 as next targets.
Alternative Scenario: The downside penetration of 1.445 will call for a slide towards 1.4395 & 1.433.
Comment: the pair has broken above its declining trend line and is challenging its previous high.

USD/JPY
Intraday Technical Levels:

Pivot: 77.00.
Preference: SHORT positions @ 76.95 with 76.5 & 76.3 as next targets.
Alternative Scenario: The upside penetration of 77 will call for 77.3 & 77.5.
Comment: the pair is under pressure and is approaching its support.

GBP/USD
Intraday Technical Levels:

Pivot: 1.6325.
Preference: LONG positions @ 1.6335 with 1.64 & 1.6445 in sight.
Alternative Scenario: The downside penetration of 1.6325 will call for 1.6275 & 1.621.
Comment: the pair is supported by a rising trend line, the pair is on the upside and is challenging its resistance.


Daily Technical Levels from fxcc.com
Source: FX Central Clearing http://www.fxcc.com
User avatar
alayoua
Senior Member
 
Posts: 483
Joined: Wed Jul 20, 2011 6:27 am

Return to FXCC Daily Forex Analysis

 

Who is online on Forum

Registered users: Alexa [Bot], Baidu [Spider], Bing [Bot], FxGrow Support, Google [Bot], Google Adsense [Bot], painofhell, Yahoo [Bot]

cron