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Daily Technical Levels from FXCC 22 Aug 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Aug 22, 2011.

  1. alayoua

    alayoua Banned

    Jul 19, 2011
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    Daily Technical Levels from FXCC 22 Aug 2011

    Intraday Technical Levels:

    Pivot: [FONT=&quot]1.4345.[/FONT]
    Preference: LONG positions @ 1.435 with 1.4425 & 1.4475 as next targets.
    Alternative Scenario: The downside penetration of 1.4345 will call for 1.43 & 1.427.
    Comment: the pair stands above its support but the RSI calls for caution.

    Intraday Technical Levels:

    [FONT=&quot]Pivot: 77.00.[/FONT]
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 76.95 with targets @ 76.4 & 76.
    [FONT=&quot]Alternative Scenario: [/FONT] The upside penetration of 77 will call for 77.5 & 77.9.
    [FONT=&quot]Comment: [/FONT]the pair stands below its resistance and remains under pressure.

    Intraday Technical Levels:

    [FONT=&quot]Pivot: 1.6440.[/FONT]
    [FONT=&quot]Preference: [/FONT]LONG positions @ 1.645 with 1.655 & 1.662 as next targets.
    [FONT=&quot]Alternative Scenario: [/FONT]The downside penetration of 1.644 will call for 1.64 & 1.632.
    [FONT=&quot]Comment: [/FONT]the RSI is supported by a rising trend line, the pair stands above its support.

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

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