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

Daily Technical Levels from FXCC 11 Aug 2011

Discussion in 'Major Currency Crosses' started by alayoua, Aug 11, 2011.

  1. alayoua

    alayoua New Member

    Jul 19, 2011
    Likes Received:
    Daily Technical Levels from FXCC 1[FONT=&quot]1[/FONT] Aug 2011

    Intraday Technical Levels:

    Pivot: [FONT=&quot]1.4125.[/FONT]
    Preference: LONG positions @ 1.4135 with targets@ 1.4275 & 1.431.
    Alternative Scenario: The downside breakout of 1.4125 will open the way to 1.4085 & 1.4055.
    Comment: the pair has rebounded on its support and should post further advance as the RSI is well directed.

    Intraday Technical Levels:

    [FONT=&quot]Pivot: 77.20.[/FONT]
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 77.15 with targets @ 76.3 & 76.
    [FONT=&quot]Alternative Scenario: [/FONT] The upside penetration of 77.2 will call for 77.75 & 78.3.
    [FONT=&quot]Comment: [/FONT]the pair has struck against its resistance and remains under pressure.

    Intraday Technical Levels:

    [FONT=&quot]Pivot: 1.6250.[/FONT]
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 1.624 with targets @ 1.611 & 1.6085.
    [FONT=&quot]Alternative Scenario: [/FONT]The upside penetration of 1.625 will call for 1.63 & 1.6375.
    [FONT=&quot]Comment: [/FONT]the pair is rebounding but remains within a bearish channel, the RSI is capped by a declining trend line.

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

Share This Page