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Update Daily Technical Levels from FXCC 17 Aug 11

Discussion in 'Market Predictions and Reports' started by alayoua, Aug 17, 2011.

  1. alayoua

    alayoua Banned

    Jul 19, 2011
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    Update Daily Technical Levels from FXCC 17 Aug 11

    Intraday Technical Levels:

    Pivot: 1.4400
    Preference: Long positions above 1.44 with targets @ 1.45 & 1.455 in extension.
    Alternative Scenario: Below 1.44 look for further downside with 1.435 & 1.431 as targets.
    Comment: the RSI is well directed, the pair is on the upside and is challenging its resistance.

    Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT] 77.00
    [FONT=&quot]Preference: [/FONT]Short positions below 77 with targets @ 76.3 & 76 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Above 77 look for further upside with 77.2 & 77.5 as targets.
    [FONT=&quot]Comment: [/FONT]the pair remains under pressure and is approaching its next support.

    Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT]1.6400
    [FONT=&quot]Preference: [/FONT] Long positions above 1.64 with targets @ 1.654 & 1.6575 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Below 1.64 look for further downside with 1.636 & 1.6325 as targets.
    [FONT=&quot]Comment: [/FONT] the pair has rebounded on its MT rising trend line and is challenging its resistance

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

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