U.S. Dollars Offers Upside

 
   


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 technical rebound cannot be ruled out, its extent should be limited. Suggest SHORT positions below 1.099 with targets @ 1.089 & 1.087 in extension. Above 1.099 look for further upside with 1.1025 & 1.1085 as targets.
        1 month trend: Bearish
        Intraday USD/JPY: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Suggest LONG positions above 123.8 with targets @ 124.25 & 124.6 in extension. Below 123.8 look for further downside with 123.5 & 123.3 as targets.
        1 month trend: Bullish
        Intraday GBP/USD: As long as 1.5645 is resistance, look for choppy price action with a bearish bias. Suggest SHORT positions below 1.5645 with targets @ 1.556 & 1.5535 in extension. Above 1.5645 look for further upside with 1.569 & 1.5735 as targets.
        1 month trend: Range
        Intraday USD/CHF: The RSI is badly directed. Suggest SHORT positions below 0.972 with targets @ 0.9635 & 0.96 in extension. Above 0.972 look for further upside with 0.974 & 0.9765 as targets.
        1 month trend: Bullish
        Intraday EUR/GBP: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited. Suggest SHORT positions below 0.7035 with targets @ 0.6985 & 0.696 in extension. Above 0.7035 look for further upside with 0.7055 & 0.7075 as targets.
        1 month trend: Bearish
        Intraday EUR/JPY: Technically the RSI is below its neutrality area at 50. Suggest SHORT positions below 135.95 with targets @ 135.45 & 135.05 in extension. Above 135.95 look for further upside with 136.4 & 136.85 as targets.
        1 month trend: Bearish
        Intraday EUR/CHF: The RSI is bearish and calls for further decline. Suggest SHORT positions below 1.061 with targets @ 1.055 & 1.0525 in extension. Above 1.061 look for further upside with 1.0655 & 1.069 as targets.
        1 month trend: Range
        Intraday AUD/USD: As long as the resistance at 0.7325 is not surpassed, the risk of the break below 0.7255 remains high. Suggest SHORT positions below 0.7325 with targets @ 0.7255 & 0.723 in extension. Above 0.7325 look for further upside with 0.735 & 0.738 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 31, 2015 02:23 ET (06:23 GMT)

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