Forex strategies revealed | FSR Forum

London Open Intra Day Analysis 19.08.2014

The London open



EURUSD



Time frame: 1 hour
Trend: Down
Outlook: EURUSD is trading up to the negatively layered moving averages
Probable scenario: Short beneath 1.3352
Alternate scenario: Long above 1.3366
Intraday levels: Open: 1.3363, R1 1.3389, R2 1.3416, S1 1.3337, S2 1.3310



GBPUSD



Time frame: 1 hour
Trend: Up
Outlook: GBP is trading down to the positively layered moving averages
Probable scenario: Long above 1.6737
Alternate scenario: Short beneath 1.6712
Intraday levels: Open: 1.6727, R1 1.6756, R2 1.6786, S1 1.6698, S2 1.6668



USDJPY



Time frame: 1 hour
Trend: Up
Outlook: USDJPY is trading down to the positively layered moving averages
Probable scenario: Long above 102.65
Alternate scenario: Short beneath 102.51
Intraday levels: Open: 102.56, R1 102.76, R2 102.97, S1 102.35, S2 102.14



USDCHF



Time frame: 1 hour
Outlook: Up
Price action: USDCHF is trading down to the negatively layered moving averages
Probable scenario: Long above 0.9072
Alternate scenario: Short beneath 0.9060
Intraday levels: Open: 0.9064, R1 0.9086, R2 0.9107, S1 0.9043, S2 0.9021