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Daily Technical Levels from FXCC 16 Sep 2011

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

  1. alayoua

    alayoua Banned

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    Daily Technical Levels from FXCC 16 Sep 2011


    EUR/USD
    Intraday Technical Levels:

    Pivot: 1.3940.
    Preference: SHORT positions @ 1.393 with 1.3765 & 1.3705 as next targets.
    Alternative Scenario: The upside penetration of 1.394 will call for 1.3975 & 1.4015.
    Comment: the 1.395 former support area is now acting as a resistance. The pair is capped by a declining trend line.

    USD/JPY
    Intraday Technical Levels:

    Pivot: 76.60.
    Preference: LONG positions @ 76.7 with targets @ 77.05 & 77.25.
    Alternative Scenario: The downside penetration of 76.6 will call for 76.4 & 76.3.
    Comment: the RSI is supported by a rising trend line & the pair has broken above a declining trend line.

    GBP/USD
    Intraday Technical Levels:

    Pivot: 1.5870.
    Preference: SHORT positions @ 1.586 with 1.5735 & 1.5705 as next targets
    Alternative Scenario: The upside penetration of 1.587 will call for 1.5915 & 1.595.
    Comment: the pair is capped by a declining trend line.

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

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