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Update 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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    Update Daily Technical Levels from FXCC 29 Aug 2011

    Intraday Technical Levels:

    Pivot: 1.4475
    Preference: Long positions above 1.4475 with targets @ 1.455 & 1.458 in extension.
    Alternative Scenario: Below 1.4475 look for further downside with 1.443 & 1.4395 as targets.
    Comment: the pair is pulling back on its new support ahead of further advance.

    Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT] 77
    [FONT=&quot]Preference: [/FONT] Short positions below 77 with targets @ 76.5 & 76.3 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Above 77 look for further upside with 77.3 & 77.5 as targets.
    [FONT=&quot]Comment: [/FONT] the pair is under pressure and is approaching its support.

    Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT] 1.6325
    [FONT=&quot]Preference: [/FONT] Long positions above 1.6325 with targets @ 1.641 & 1.6445 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Below 1.6325 look for further downside with 1.6275 & 1.621 as targets.
    [FONT=&quot]Comment: [/FONT] the RSI is supported by a rising trend line, the pair remains on the upside.

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

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