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Daily Technical Levels from FXCC – 19 Sep 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Sep 19, 2011.

  1. alayoua

    alayoua Banned

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

    Intraday Technical Levels:

    Pivot: 1.3775.
    Preference: SHORT positions @ 1.3765 with 1.359& 1.3555 as next targets.
    Alternative Scenario:The upside penetration of 1.3775will call for 1.3835 & 1.3895.
    Comment:the pair has broken below its support andremains under pressure.

    Intraday Technical Levels:

    Pivot: 76.75.
    Preference: LONG positions above 76.75 with targets@ 77.05 & 77.25.
    Alternative Scenario: The downside breakout of 76.75will open the way to 76.6 & 76.4.
    Comment: the RSI is supported by a rising trend line,the pair is on the upside and is approaching its resistance.

    Intraday Technical Levels:

    Pivot: 1.5770.
    Preference: SHORT positions @ 1.576 with targets@ 1.565 & 1.557.
    Alternative Scenario: The upside penetration of 1.577will call for a rebound towards 1.5825 & 1.587.
    Comment: the pair stands within a MT bearish channeland is challenging its previous low.

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

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