1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Daily Technical Levels from FXCC 09 Sep 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Sep 9, 2011.

  1. alayoua

    alayoua Banned

    Joined:
    Jul 19, 2011
    Messages:
    0
    Likes Received:
    0
    Daily Technical Levels from FXCC 09 Sep 2011


    EUR/USD
    Intraday Technical Levels:

    Pivot: 1.3970.
    Preference: SHORT positions @ 1.396 with 1.3875 & 1.3815 in sight.
    Alternative Scenario: The upside breakout of 1.397 will open the way to 1.402 & 1.411.
    Comment: the RSI is capped by a declining trend line, the pair stands below its new resistance and remains
    under pressure.

    USD/JPY
    Intraday Technical Levels:

    Pivot: 77.30.
    Preference: LONG positions @ 77.35 with 77.7 & 77.85 as next targets.
    Alternative Scenario: The downside penetration of 77.3 will call for a slide towards 77.05 & 76.8.
    Comment: the pair stands above its new support and remains on the upside.

    GBP/USD
    Intraday Technical Levels:

    Pivot: 1.6025.
    Preference: SHORT positions @ 1.6015 with 1.595 & 1.5915 as next targets.
    Alternative Scenario: The upside penetration of 1.6025 will call for a rebound towards 1.6075 & 1.614.
    Comment: The pair remains capped by a MT declining trend line, the RSI is turning down.

    Daily Technical Levels from fxcc.com
    Source: FX Central Clearing ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC
     

Share This Page