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Daily Technical Levels from FXCC 09 Sep 2011

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

  1. alayoua

    alayoua Banned

    Jul 19, 2011
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    Daily Technical Levels from FXCC 09 Sep 2011

    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.

    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.

    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

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