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Daily Forex Technical Analysis : 15 Sep 2015

Discussion in 'Technical Analysis' started by Sam, Sep 15, 2015.

  1. Sam

    Sam Forum Member

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    EUR/USD Intraday: turning down. [​IMG]
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    Pivot: 1.1335

    Our preference: Short positions below 1.1335 with targets @ 1.128 & 1.125 in extension.

    Alternative scenario: Above 1.1335 look for further upside with 1.137 & 1.14 as targets.

    Comment: As long as 1.1335 is resistance, look for choppy price action with a bearish bias. The pair has broken below the lower boundary of a bullish channel.
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    Chart Caption
    [​IMG] Green Lines Represent Resistances
    [​IMG] Red Lines Represent Support Levels
    [​IMG] Light Blue is a Pivot Point
    [​IMG] Black represents the price when the report was produced
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    Pivot: 0.972

    Our preference: Short positions below 0.972 with targets @ 0.966 & 0.964 in extension.

    Alternative scenario: Above 0.972 look for further upside with 0.9745 & 0.9795 as targets.

    Comment: A break below 0.966 would trigger a drop towards 0.964.
    [​IMG]
    Chart Caption
    • Green Lines Represent Resistances
    • Red Lines Represent Support Levels
    • Light Blue is a Pivot Point
    • Black represents the price when the report was produced
    [​IMG]
     
  2. Sam

    Sam Forum Member

    Joined:
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    [​IMG]
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    Pivot: 1.5475

    Our preference: Short positions below 1.5475 with targets @ 1.537 & 1.5335 in extension.

    Alternative scenario: Above 1.5475 look for further upside with 1.551 & 1.554 as targets.

    Comment: As long as 1.5475 is resistance, likely decline to 1.537.
    [​IMG]
    Chart Caption
    [​IMG] Green Lines Represent Resistances
    [​IMG] Red Lines Represent Support Levels
    [​IMG] Light Blue is a Pivot Point
    [​IMG] Black represents the price when the report was produced


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    Pivot: 16220

    Our preference: Long positions above 16220 with targets @ 16430 & 16520 in extension.

    Alternative scenario: Below 16220 look for further downside with 16110 & 16050 as targets.

    Comment: The RSI lacks downward momentum.
    [​IMG]
    Chart Caption
    [​IMG] Green Lines Represent Resistances
    [​IMG] Red Lines Represent Support Levels
    [​IMG] Light Blue is a Pivot Point
    [​IMG] Black represents the price when the report was produced


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