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Daily Technical Levels from FXCC 17 Aug 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Aug 17, 2011.

  1. alayoua

    alayoua Banned

    Jul 19, 2011
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    Daily Technical Levels from FXCC 17 Aug 2011

    Intraday Technical Levels:

    Pivot: [FONT=&quot]1.4350.[/FONT]
    Preference: LONG positions @ 1.436 with targets @ 1.445 & 1.448.
    Alternative Scenario: The downside penetration of 1.435 will call for a slide towards 1.431 & 1.4275.
    Comment: the pair has rebounded on its support and should post further advance as the RSI is well directed.

    Intraday Technical Levels:

    [FONT=&quot]Pivot: 77.00.[/FONT]
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 76.95 with 76.5 & 76.3 as next targets.
    [FONT=&quot]Alternative Scenario: [/FONT] The upside penetration of 77 will call for a rebound towards 77.2 & 77.5.
    [FONT=&quot]Comment: [/FONT]the pair stands below its resistance and remains under pressure.

    Intraday Technical Levels:

    [FONT=&quot]Pivot: 1.6395.[/FONT]
    [FONT=&quot]Preference: [/FONT]LONG positions @ 1.64 with 1.648 & 1.654 in sight.
    [FONT=&quot]Alternative Scenario: [/FONT]The downside breakout of 1.6395 will open the way to 1.636 & 1.6325.
    [FONT=&quot]Comment: [/FONT]the pair stands above its support and remains on the upside.

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

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