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Daily Technical Levels from FXCC 16 Aug 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Aug 16, 2011.

  1. alayoua

    alayoua Banned

    Jul 19, 2011
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    Daily Technical Levels from FXCC 16 Aug 2011

    Intraday Technical Levels:

    Pivot: [FONT=&quot]1.4375.[/FONT]
    Preference: 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.

    Intraday Technical Levels:

    [FONT=&quot]Pivot: 77.20.[/FONT]
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 77.15 with 76.5 & 76.3 as next targets.
    [FONT=&quot]Alternative Scenario: [/FONT] The upside penetration of 77.2 will call for a rebound towards 77.5 & 77.75.
    [FONT=&quot]Comment: [/FONT]the pair stands below its resistance and remains under pressure.

    Intraday Technical Levels:

    [FONT=&quot]Pivot: 1.6325.[/FONT]
    [FONT=&quot]Preference: [/FONT]LONG positions @ 1.6335 with 1.641 & 1.645 as next targets.
    [FONT=&quot]Alternative Scenario: [/FONT]The downside breakout of 1.6325 will open the way to 1.6265 & 1.6235.
    [FONT=&quot]Comment: [/FONT]the RSI is supported by a rising trend line, the pair should post a rebound on its new support.

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

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