U.S. Dollar Faces Further Weakens

 
 
   By TRADING Central 
   The Dow Jones Newswires technical analysis partner 
 

        LONDON (Dow Jones)--Rolling 24-hour chart levels:
        Intraday EUR/USD: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Suggest LONG positions above 1.104 with targets @ 1.113 & 1.116 in extension. Below 1.104 look for further downside with 1.0995 & 1.096 as targets.
        1 month trend: Bearish
        Intraday USD/JPY: As long as 123.65 is resistance, look for choppy price action with a bearish bias. Suggest SHORT positions below 123.65 with targets @ 123 & 122.7 in extension. Above 123.65 look for further upside with 123.85 & 124.15 as targets.
        1 month trend: Bullish
        Intraday GBP/USD: The RSI is mixed to bullish. Suggest LONG positions above 1.5535 with targets @ 1.5595 & 1.5625 in extension. Below 1.5535 look for further downside with 1.5495 & 1.5465 as targets.
        1 month trend: Range
        Intraday USD/CHF: The RSI lacks downward momentum. Suggest LONG positions above 0.9585 with targets @ 0.9635 & 0.965 in extension. Below 0.9585 look for further downside with 0.9545 & 0.9525 as targets.
        1 month trend: Bullish
        Intraday EUR/GBP: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Suggest LONG positions above 0.708 with targets @ 0.716 & 0.7185 in extension. Below 0.708 look for further downside with 0.706 & 0.704 as targets.
        1 month trend: Bearish
        Intraday EUR/JPY: The RSI calls for a new upleg. Suggest LONG positions above 136.1 with targets @ 137.1 & 137.6 in extension. Below 136.1 look for further downside with 135.45 & 134.95 as targets.
        1 month trend: Bearish
        Intraday EUR/CHF: The RSI lacks upward momentum. Suggest LONG positions above 1.0585 with targets @ 1.07 & 1.0745 in extension. Below 1.0585 look for further downside with 1.055 & 1.05 as targets.
        1 month trend: Range
        Intraday AUD/USD: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited. Suggest SHORT positions below 0.734 with targets @ 0.7255 & 0.723 in extension. Above 0.734 look for further upside with 0.738 & 0.7415 as targets.
        1 month trend: Bearish
        * The pivot is the sum of the high, low and close divided by 3.
        This content was produced exclusively for Dow Jones by Trading Central, a leading investment research and commentary service specializing in technical analysis. (www.tradingcentral.com)
        This is a financial news and information service. It is provided in general terms and does not take account of or address any individual user's position. To the extent that this article includes suggestions as to various possible investment strategies which users might consider, it does so in only general terms without reference to the personal factors which should determine any user's investment decisions. Nothing contained in this service constitutes personalized investment advice. Dow Jones does not warrant the accuracy, completeness or timeliness of the information in this article, and any errors shall not be made the basis for any claim against Dow Jones. The author does not invest in the instruments or markets cited in this article. This article does not constitute or form part of any invitation or inducement to buy or sell any security.
        (END) Dow Jones Newswires

        July 28, 2015 03:11 ET (07:11 GMT)

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