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Daily Technical Levels from FXCC 25 Aug 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Aug 25, 2011.

  1. alayoua

    alayoua Banned

    Jul 19, 2011
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    Daily Technical Levels from FXCC 25 Aug 2011

    Intraday Technical Levels:

    Pivot: [FONT=&quot]1.4375.[/FONT]
    Preference: LONG positions @ 1.4385 with 1.445 & 1.448 in sight.
    Alternative Scenario: The downside penetration of 1.4375 will call for 1.4345 & 1.4325.
    Comment: the pair stands above its support and should post a rebound.

    Intraday Technical Levels:

    [FONT=&quot]Pivot: 76.70.[/FONT]
    [FONT=&quot]Preference: [/FONT]LONG positions @ 76.75 with 77.25 & 77.5 as next targets.
    [FONT=&quot]Alternative Scenario: [/FONT] The downside penetration of 76.7 will call for 76.45 & 76.2.
    [FONT=&quot]Comment: [/FONT]the pair has rebounded on its new support, the RSI is supported by a rising trend line.

    Intraday Technical Levels:

    [FONT=&quot]Pivot: 1.6425.[/FONT]
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 1.6415 with targets @ 1.635 & 1.6325.
    [FONT=&quot]Alternative Scenario: [/FONT]The upside penetration of 1.6425 will call for 1.6475 & 1.6525.
    [FONT=&quot]Comment: [/FONT]the pair stands below its new resistance and remains under pressure.

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

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