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Daily Technical Levels from FXCC 29 Aug 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Aug 29, 2011.

  1. alayoua

    alayoua Banned

    Jul 19, 2011
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    Daily Technical Levels from FXCC 29 Aug 2011

    Intraday Technical Levels:

    Pivot: [FONT=&quot]1.4450.[/FONT]
    Preference: LONG positions @ 1.446 with 1.454 & 1.458 as next targets.
    Alternative Scenario: The downside penetration of 1.445 will call for a slide towards 1.4395 & 1.433.
    Comment: the pair has broken above its declining trend line and is challenging its previous high.

    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 77.3 & 77.5.
    [FONT=&quot]Comment: [/FONT]the pair is under pressure and is approaching its support.

    Intraday Technical Levels:

    [FONT=&quot]Pivot: 1.6325.[/FONT]
    [FONT=&quot]Preference: [/FONT]LONG positions @ 1.6335 with 1.64 & 1.6445 in sight.
    [FONT=&quot]Alternative Scenario: [/FONT]The downside penetration of 1.6325 will call for 1.6275 & 1.621.
    [FONT=&quot]Comment: [/FONT]the pair is supported by a rising trend line, the pair is on the upside and is challenging its resistance.

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

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