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Daily Technical Levels from FXCC 07 Sep 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Sep 7, 2011.

  1. alayoua

    alayoua Banned

    Jul 19, 2011
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    Daily Technical Levels from FXCC 07 Sep 2011

    Intraday Technical Levels:

    Pivot: [FONT=&quot]1.4100.[/FONT]
    Preference: SHORT positions @ 1.409 with targets @ 1.3975 & 1.393.
    Alternative Scenario: The upside penetration of 1.41 will call for a rebound towards 1.415 & 1.42.
    Comment: the pair is rebounding but stands below its resistance, the RSI calls for caution.

    Intraday Technical Levels:

    [FONT=&quot]Pivot: 77.50.[/FONT]
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 77.45 with 77.05 & 76.8 in sight.
    [FONT=&quot]Alternative Scenario: [/FONT] The upside breakout of 77.5 will open the way to 77.7 & 77.85.
    [FONT=&quot]Comment: [/FONT]the pair is under pressure and is approaching its support.

    Intraday Technical Levels:

    [FONT=&quot]Pivot: 1.6055.[/FONT]
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 1.6045 with 1.592 & 1.5875 in sight.
    [FONT=&quot]Alternative Scenario: [/FONT]The upside penetration of 1.6055 will call for 1.61 & 1.615.
    [FONT=&quot]Comment: [/FONT] [FONT=&quot]the pair stands below its new resistance, the RSI lacks upward momentum.[/FONT]

    Daily Technical Levels from fxcc.com
    Source: FX Central Clearing

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