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Daily Technical Levels from FXCC 24 Aug 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Aug 24, 2011.

  1. alayoua

    alayoua Banned

    Jul 19, 2011
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    Daily Technical Levels from FXCC 24 Aug 2011

    Intraday Technical Levels:

    Pivot: [FONT=&quot]1.4380.[/FONT]
    Preference: LONG positions @ 1.439 with 1.445 & 1.4515 in sight.
    Alternative Scenario: The downside penetration of 1.438 will call for 1.4345 & 1.4295.
    Comment: the pair stands above its support and should post a rebound.

    Intraday Technical Levels:

    [FONT=&quot]Pivot: 76.40.[/FONT]
    [FONT=&quot]Preference: [/FONT]LONG positions @ 76.45 with 77 & 77.25 in sight.
    [FONT=&quot]Alternative Scenario: [/FONT] The downside penetration of 76.4 will call for a slide towards 76.2 & 76.
    [FONT=&quot]Comment: [/FONT]the pair is rebounding on its support, the RSI is mixed to bullish.

    Intraday Technical Levels:

    [FONT=&quot]Pivot: 1.6475.[/FONT]
    [FONT=&quot]Preference: [/FONT]LONG positions @ 1.6485 with 1.6525 & 1.6575 in sight.
    [FONT=&quot]Alternative Scenario: [/FONT]The downside penetration of 1.6475 will call for 1.6435 & 1.641.
    [FONT=&quot]Comment: [/FONT]the pair is pulling back on its support ahead of a rebound.

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

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