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Market Overview by FXCC

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  • Market Overview by FXCC

    EUR/USD Intraday Technical Levels:

    Pivot
    : 1.4325.
    Our Preference:
    LONG positions @ 1.4335 with 1.442 & 1.4465 in sight.
    Alternative Scenario:
    The downside penetration of 1.4325 will call for 1.4275 & 1.4225.
    Comment:
    the RSI is supported by a rising trend line; the pair is on the upside and is approaching its next resistance.

    USD/JPY Intraday Technical Levels:


    Pivot: 77.25.

    Our Preference:
    LONG positions @ 77.3 with targets @ 78 & 78.3.
    Alternative Scenario:
    The downside penetration of 77.25 will call for a slide towards 77 & 76.75.
    Comment:
    the RSI has broken above its declining trend line; the pair is posting a rebound.

    GBP/USD Intraday Technical Levels:


    Pivot: 1.6375.

    Our Preference:
    LONG positions @ 1.6385 with 1.6475 & 1.651 as next targets.
    Alternative Scenario:
    The downside penetration of 1.6375 will call for a slide towards 1.632 & 1.626.
    Comment:
    the pair remains on the upside and is challenging its resistance.

    Daily Technical Levels from fxcc.com

    Source: FX Central Clearing

  • #2
    Update - Daily Technical Levels from FXCC – 1 Aug 2011

    Update - Daily Technical Levels from FXCC – 1 Aug 2011


    EUR/USD Intraday Technical Levels:

    Pivot: 1.435
    Preference: Long positions above 1.435 with targets @ 1.4465 & 1.454 in extension.
    Alternative Scenario: Below 1.435 look for further downside with 1.4275 & 1.4225 as targets.
    Comment: the RSI is supported by a rising trend line, the pair is on the upside and is challenging its resistance.

    USD/JPY Intraday Technical Levels:

    Pivot: 77.4
    Preference: Short positions below 77.4 with targets @ 76.75 & 76.5 in extension.
    Alternative Scenario: Above 77.4 look for further upside with 77.75 & 78 as targets.
    Comment: the pair remains on the downside and is approaching its previous low.

    GBP/USD Intraday Technical Levels:

    Pivot: 1.6375
    Preference: Long positions above 1.6375 with targets @ 1.6475 & 1.6510 in extension.
    Alternative Scenario: Below 1.6375 look for further downside with 1.632 & 1.626 as targets.
    Comment: the pair is pulling back on its support ahead of a rebound.

    Comment


    • #3
      Daily Technical Levels from FXCC 2 Aug 2011

      Daily Technical Levels from FXCC 2 Aug 2011


      EUR/USD Intraday Technical Levels:

      Pivot: 1.4300
      Preference: SHORT positions @ 1.429 with 1.4185 & 1.415 in sight.
      Alternative Scenario: The upside breakout of 1.43 will open the way to 1.4345 & 1.44.
      Comment: the pair stands below its resistance and should face a weakness as the RSI is badly directed.


      USD/JPY Intraday Technical Levels:

      Pivot: 77.00.
      Preference: LONG positions @ 77.05 with 77.65 & 78.05 in sight.
      Alternative Scenario: The downside breakout of 77 will open the way to 76.7 & 76.3.
      Comment: the pair is on the upside and is challenging its resistance.

      GBP/USD Intraday Technical Levels:

      Pivot: 1.6335.
      Preference: SHORT positions @ 1.6325 with targets @ 1.627 & 1.6235.
      Alternative Scenario: The upside breakout of 1.6335 will open the way to 1.6375 & 1.643.
      Comment: the pair is challenging its resistance but the RSI is mixed and calls for caution.

      Daily Technical Levels from fxcc.com

      Source: FX Central Clearing

      Comment


      • #4
        Update - Daily Technical Levels from FXCC – 2 Aug 2011

        Update - Daily Technical Levels from FXCC – 2 Aug 2011

        EUR/USD Intraday Technical Levels:


        Pivot: 1.425
        Preference: Short positions below 1.425 with targets @ 1.415 & 1.4105 in extension.
        Alternative Scenario: Above 1.425 look for further upside with 1.4285 & 1.4345 as targets.
        Comment: the pair remains on the downside and is approaching its next support.

        USD/JPY Intraday Technical Levels:

        Pivot: 77
        Preference: Long positions above 77 with targets @ 77.65 & 78.05 in extension.
        Alternative Scenario: Below 77 look for further downside with 76.7 & 76.3 as targets.
        Comment: the pair is posting a rebound on its support, the RSI is mixed to bullish.

        GBP/USD Intraday Technical Levels:

        Pivot: 1.6335
        Preference: Short positions below 1.6335 with targets @ 1.6235 & 1.619 in extension.
        Alternative Scenario: Above 1.6335 look for further upside with 1.6375 & 1.643 as targets.
        Comment: the pair has struck against its resistance and remains under pressure.

        Comment


        • #5
          Daily Technical Levels from FXCC – 3 Aug 2011

          Daily Technical Levels from FXCC – 3 Aug 2011


          EUR/USD Intraday Technical Levels:
          Pivot: 1.4250.
          Preference: SHORT positions @ 1.424 with 1.415 & 1.4105 as next targets.
          Alternative Scenario: The upside penetration of 1.425 will call for a rebound towards 1.4285 & 1.4345.
          Comment: the pair stands below its resistance and should face a weakness as the RSI is turning down.
          USD/JPY Intraday Technical Levels:
          Pivot: 77.40.
          Preference: SHORT positions @ 77.35 with 76.95 & 76.7 as next targets.
          Alternative Scenario: The upside breakout of 77.4 will open the way to 77.65 & 78.05.
          Comment: the pair stands below its resistance, the RSI is mixed to bearish.

          GBP/USD Intraday Technical Levels:
          Pivot: 1.6330.
          Preference: SHORT positions @ 1.632 with 1.6225 & 1.619 as next targets.
          Alternative Scenario: The upside penetration of 1.633 will call for 1.6375 & 1.643.
          Comment: the pair remains under pressure and should face further weakness.

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

          Comment


          • #6
            Update - Daily Technical Levels from FXCC – 3 Aug 2011

            Update - Daily Technical Levels from FXCC – 3 Aug 2011


            EUR/USD Intraday Technical Levels:


            Pivot: 1.425
            Preference: Long positions above 1.425 with targets @ 1.4345 & 1.438 in extension.
            Alternative Scenario: Below 1.425 look for further downside with 1.42 & 1.415 as targets.
            Comment: the pair is rebounding on its new support and should post further up move.

            USD/JPY Intraday Technical Levels:

            Pivot: 77.4
            Preference: Short positions below 77.4 with targets @ 76.95 & 76.7 in extension.
            Alternative Scenario: Above 77.4 look for further upside with 77.65 & 78.05 as targets.
            Comment: the pair has struck against its resistance and remains on the downside.

            GBP/USD Intraday Technical Levels:


            Pivot: 1.633
            Preference: Long positions above 1.633 with targets @ 1.643 & 1.6475 in extension.
            Alternative Scenario: Below 1.633 look for further downside with 1.6295 & 1.625 as targets.
            Comment: the pair remains on the upside and is challenging its resistance.

            Comment


            • #7
              Daily Technical Levels from FXCC – 4 Aug 2011

              Daily Technical Levels from FXCC – 4 Aug 2011


              EUR/USD
              Intraday Technical Levels:


              Pivot: 1.4250.
              Preference: LONG positions @ 1.426 with targets @ 1.435 & 1.438.
              Alternative Scenario: The downside penetration of 1.425 will call for 1.42 & 1.415.
              Comment: the pair stands above its new support (50% Fibonacci retracement) and should post a rebound.

              USD/JPY
              Intraday Technical Levels:


              Pivot: 78.40.
              Preference: LONG positions @ 78.45 with 79.5 & 79.85 as next targets.
              Alternative Scenario: The downside penetration of 78.4 will call for a slide towards 78 & 77.6.
              Comment: the pair and its intraday RSI have broken above their declining trend lines.

              GBP/USD
              Intraday Technical Levels:


              Pivot: 1.6400.
              Preference: SHORT positions @ 1.639 with targets @ 1.633 & 1.6295.
              Alternative Scenario: The upside penetration of 1.64 will call for 1.644 & 1.6475.
              Comment: the RSI has broken below a rising trend line, the pair is under pressure.

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

              Comment


              • #8
                Daily Technical Levels from FXCC – 5 Aug 2011

                Daily Technical Levels from FXCC – 5 Aug 2011


                EUR/USD Intraday Technical Levels:
                Pivot: 1.4170.
                Preference: SHORT positions @ 1.416 with 1.406 & 1.4 in sight.
                Alternative Scenario: The upside penetration of 1.417 will call for 1.4235 & 1.4285.
                Comment: the pair is posting a rebound but stands below its resistance.
                USD/JPY Intraday Technical Levels:
                Pivot: 79.25.
                Preference: SHORT positions @ 79.2 with targets @ 78.4 & 78.
                Alternative Scenario: The upside penetration of 79.25 will call for a rebound towards 79.75 & 80.15.
                Comment: the pair is under pressure and is challenging its intermediary support.

                GBP/USD Intraday Technical Levels:
                Pivot: 1.6325.
                Preference: SHORT positions @ 1.6315 with 1.6225 & 1.619 as next targets.
                Alternative Scenario: The upside penetration of 1.6325 will call for a rebound towards 1.6375 & 1.64.
                Comment: the pair is under pressure and is challenging its support.

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

                Comment


                • #9
                  Update - Daily Technical Levels from FXCC – 5 Aug 2011

                  Update - Daily Technical Levels from FXCC – 5 Aug 2011

                  EUR/USD Intraday Technical Levels:

                  Pivot: 1.418
                  Preference: Short positions below 1.418 with targets @ 1.41 & 1.406 in extension.
                  Alternative Scenario: Above 1.418 look for further upside with 1.4235 & 1.4285 as targets.
                  Comment: the pair is challenging its resistance, the RSI is mixed and calls for caution.

                  USD/JPY Intraday Technical Levels:

                  Pivot: 79
                  Preference: Short positions below 79 with targets @ 78 & 77.5 in extension.
                  Alternative Scenario: Above 79 look for further upside with 79.25 & 79.75 as targets.
                  Comment: the pair is on the downside and should reach its next support as the RSI is badly directed.

                  GBP/USD Intraday Technical Levels:

                  Pivot: 1.6325
                  Preference: Short positions below 1.6325 with targets @ 1.6225 & 1.619 in extension.
                  Alternative Scenario: Above 1.6325 look for further upside with 1.6375 & 1.64 as targets.
                  Comment: the pair is posting a rebound but stands below its resistance.

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

                  Comment


                  • #10
                    Daily Technical Levels from FXCC 8 Aug 2011

                    Daily Technical Levels from FXCC 8 Aug 2011


                    EUR/USD
                    Intraday Technical Levels:
                    Pivot: 1.4250.
                    Preference: LONG positions @ 1.426 with 1.4375 & 1.4405 as next targets.
                    Alternative Scenario: The downside penetration of 1.425 will call for a slide towards 1.42 & 1.416.
                    Comment: the pair has broken above its MT bearish channel upper boundary and should post further advance.
                    USD/JPY
                    Intraday Technical Levels:
                    Pivot: 78.60.
                    Preference: SHORT positions @ 78.55 with 77.5 & 77 as next targets.
                    Alternative Scenario: The upside penetration of 78.6 will call for a rebound towards 79 & 79.25.
                    Comment: the pair is breaking below its support and should face further weakness.

                    GBP/USD
                    Intraday Technical Levels:
                    Pivot: 1.6350.
                    Preference: LONG positions @ 1.636 with 1.644 & 1.6475 as next targets.
                    Alternative Scenario: The downside penetration of 1.635 will call for a slide towards 1.63 & 1.6255.
                    Comment: the pair remains on the upside and is challenging its resistance.

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

                    Comment


                    • #11
                      Update - Daily Technical Levels from FXCC 8 Aug 2011

                      Update - Daily Technical Levels from FXCC – 8 Aug 2011

                      EUR/USD Intraday Technical Levels:

                      Pivot: 1.43
                      Preference: Short positions below 1.43 with targets @ 1.42 & 1.416 in extension.
                      Alternative Scenario: Above 1.43 look for further upside with 1.435 & 1.4405 as targets.
                      Comment: the pair has broken below its support and remains under pressure as the RSI is badly directed.

                      USD/JPY Intraday Technical Levels:

                      Pivot: 78.25
                      Preference: Short positions below 78.25 with targets @ 77.5 & 77 in extension.
                      Alternative Scenario: Above 78.25 look for further upside with 78.6 & 79 as targets.
                      Comment: the pair is on the downside and is approaching its support.

                      GBP/USD Intraday Technical Levels:

                      Pivot: 1.635
                      Preference: Long positions above 1.635 with targets @ 1.644 & 1.6475 in extension.
                      Alternative Scenario: Below 1.635 look for further downside with 1.6325 & 1.63 as targets.
                      Comment: the pair is pulling back on its support, the RSI calls for caution.

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

                      Comment


                      • #12
                        Daily Technical Levels from FXCC 9 Aug 2011

                        Daily Technical Levels from FXCC 9 Aug 2011



                        EUR/USD

                        Intraday Technical Levels:
                        Pivot: 1.4275.
                        Preference: SHORT positions @ 1.4265 with 1.415& 1.412 in sight.
                        Alternative Scenario: The upside penetration of 1.4275 will call for a rebound towards 1.43 & 1.435.
                        Comment: the pair is posting a rebound and is approaching its resistance, the RSI calls for caution.

                        USD/JPY

                        Intraday Technical Levels:
                        Pivot: 77.95.
                        Preference: SHORT positions @ 77.9 with targets @ 77 & 76.7.
                        Alternative Scenario: The upside penetration of 77.95 will call for a rebound towards 78.25 & 78.6.
                        Comment: the pair remains under pressure and is challenging its support.

                        GBP/USD

                        Intraday Technical Levels:
                        Pivot: 1.6385.
                        Preference: SHORT positions @ 1.6375 with targets @ 1.627 & 1.6225.
                        Alternative Scenario: The upside penetration of 1.6385 will call for 1.644 & 1.6475.
                        Comment: the pair stands below its new resistance and remains under pressure.

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

                        Comment


                        • #13
                          Thank you for that

                          Comment


                          • #14
                            Update Daily Technical Levels from FXCC 9 Aug 2011

                            Update Daily Technical Levels from FXCC 9 Aug 2011

                            EUR/USD Intraday Technical Levels:

                            Pivot: 1.43
                            Preference: Short positions below 1.43 with targets @ 1.418 & 1.415 in extension.
                            Alternative Scenario: Above 1.43 look for further upside with 1.435 & 1.44 as targets.
                            Comment: the pair is challenging its resistance; the RSI is mixed to bearish.

                            USD/JPY Intraday Technical Levels:

                            Pivot: 77.55
                            Preference: Short positions below 77.55 with targets @ 77 & 76.7 in extension.
                            Alternative Scenario: Above 77.55 look for further upside with 77.95 & 78.25 as targets.
                            Comment: the pair is on the downside and is challenging its support.

                            GBP/USD Intraday Technical Levels:

                            Pivot: 1.6385
                            Preference: Short positions below 1.6385 with targets @ 1.631 & 1.627 in extension.
                            Alternative Scenario: Above 1.6385 look for further upside with 1.644 & 1.6475 as targets.
                            Comment: the pair has struck against its resistance and remains under pressure.

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

                            Comment


                            • #15
                              Daily Technical Levels from FXCC 10 Aug 2011

                              Daily Technical Levels from FXCC – 10 Aug 2011


                              EUR/USD

                              Intraday Technical Levels:


                              Pivot: 1.4275.
                              Preference: LONG positions @ 1.4285 with targets @ 1.44 & 1.4455.
                              Alternative Scenario: The downside penetration of 1.4275 will call for 1.4225 & 1.418.
                              Comment: the pair remains on the upside and is challenging its resistance.

                              USD/JPY

                              Intraday Technical Levels:


                              Pivot: 77.35.
                              Preference: SHORT positions @ 77.3 with targets @ 76.7 & 76.3.
                              Alternative Scenario: The upside breakout of 77.35 will open the way to 77.65 & 77.95.
                              Comment: the pair is capped by a MT declining trend line and remains under pressure.

                              GBP/USD

                              Intraday Technical Levels:


                              Pivot: 1.6225.
                              Preference: LONG positions @ 1.6235 with targets @ 1.6325 & 1.6375.
                              Alternative Scenario: The downside penetration of 1.6225 will call for a slide towards 1.6175 & 1.612.
                              Comment: the pair is pulling back on its support ahead of a rebound.

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

                              Comment

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