1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Update Daily Technical Levels from FXCC 08 Sep 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Sep 8, 2011.

  1. alayoua

    alayoua Banned

    Joined:
    Jul 19, 2011
    Messages:
    0
    Likes Received:
    0
    Update Daily Technical Levels from FXCC 08 Sep 2011

    EUR/USD
    Intraday Technical Levels:

    Pivot: 1.411
    Preference: Short positions below 1.411 with targets @ 1.401 & 1.3975 in extension.
    Alternative Scenario: Above 1.411 look for further upside with 1.415 & 1.42 as targets.
    Comment: the pair is capped by a declining trend line and is shaping a triangle pattern.

    USD/JPY
    Intraday Technical Levels:

    Pivot: 77.5
    Preference: Short positions below 77.5 with targets @ 77.05 & 76.8 in extension.
    Alternative Scenario: Above 77.5 look for further upside with 77.7 & 77.85 as targets.
    Comment: the pair is under pressure and is approaching its support.

    GBP/USD
    Intraday Technical Levels:

    Pivot: 1.6055
    Preference: Short positions below 1.6055 with targets @ 1.595 & 1.5915 in extension.
    Alternative Scenario: Above 1.6055 look for further upside with 1.61 & 1.614 as targets.
    Comment: the pair is posting a rebound but remains capped by a declining trend line.

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

Share This Page