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Technical analysis FXCBS

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This is the fundamental analysis and technical daily and provided by specialists and analysts from the company FXCBS

Previous session overview

Major currencies traded within a narrow range against the U.S. dollar during the Asian section, the dollar index traded between the highest price at 74.82 and lowest price at 74.74, the euro against the dollar traded in a narrow range between the lowest price at 1.50367 and the highest price at 1.50909, the pair now trade at level 1.50639 ,sterling against the dollar also traded in a narrow range between the lowest price at 1.65223 and the highest price at 1.66449, the pair now trade at level 1.6526 ,the dollar against the yen traded between the highest price at 88.418 and the lowest price at 87.993, the pair now trade at levels of 88.220.
Today we are waiting to read the issuance of orders factories, and Unemployment rates for the month of November from the U.S economics, and then we will wait for Non-Farm Employment Change.


Market Expectations

EUR/USD


The pair Euro against the U.S. dollar returned yesterday to test the support level at 1.50350 , and make a correction to the level of 61.8% Fibonacci ,we expect an upward trend for today aimed the level of 1.51800, this expectation need stability of trading above 1.50350 and break through the resistance level 1.51000

GBP/USD

We expected that the sterling against the U.S. dollar rise to achieve the goals at1.68500 and then to the level 1.69150, all of those expectations need stability of trading above 1.66430 and close four hours candle above this level with the possibility of some volatility for the price at that level.

USD/ JPY

The dollar continues gains against the Yen, we expected the trend will stay up for the pair During the day, this expectations requires essentially a constant of level at 87.500, then we can wait for more more substantive goals at 89.120.

Ali Hasan / Senior Analyst /FXCBS
 
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fxcbsar

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technical analysis of the day 07/12/09 of FXCBS

Previous session overview

The euro against the dollar rose during the period of Asian to achieve at the highest price 1.49040, the pair now trading at the level 1.47967, while we are waiting for the day the Sentix Investor confidence from the European economy.

The pair Sterling against the U.S dollar achieves the highest price at 1.65153 during the Asian session, the pair now trading the price 1.63552.While the U.S dollar against the Japanese Yen was fall at the Asian session and achieves the lowest price at 89.696 , the pair trading now at the level 89.991.

Market Expectations

EUR/USD :
The EURO against the U.S. dollar was down at the end of trading on Friday at the end of last week after a vulnerability in some of the statements issued by the United States economy and achieve the lowest price at 1.48182, we expected that the pair will continues his down side to achieve a new goal at 1.47350 then the pair will make a correction to the level 1.49250, the Stochastic index supports our expectations.

GBP/USD :
We expected sterling against the U.S. dollar pair will drop today to the aim 1.62930 after that we expected that the pair will make a correction movement to the level 61.8% Fibonacci at the price 1.64400.

USD/JPY :
The U.S dollar against Japanese Yen achieve raising at the end of the trading last week to the level 90.700 , we expected today that the pair will make correction to the level 61.8% Fibonacci at the price 89.120 but we expected before that happen the pair will Affected in some volatility.

 

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Technical analysis 08/12/09 of FXCBS

This is the analysis and technical daily and provided by specialists and analysts from the company FXCBS

Previous session overview

The euro against the dollar traded in a narrow range during the Asian session and achieves the lowest price at 1.47819 and the highest price at 1.48671, the pair now trading at the levels of 1.48194.

Sterling fell against the dollar during the Asian session and achieves the lowest price at the level 1.63260, the pair now trading at the level 1.63696.

The dollar fell against the yen during the Asian session after the issued of the economic data there; the pair achieves the lowest at the level 88.762 and the highest at the level 89.506, trading at this time between the level 89.250 and 88.980.

Market Expectations

EUR/USD :

Today we expect that the pair Euro against the U.S dollar will drop down to the level 1.47350 then 1.46650 , this expectations need stability of trading below the broken support areas at the level 1.49040 and requires 1.49040 to remain intact and come in below it in the four hour closing.

GBP/USD :


We expect that the pair starling against U.S dollar will drop down to the level 1.62970 then to the level 1.62300 , all of that will happen after the pair finish its correction which was started last day and arrive to the level 1.64400.

USD/JPY :

We expect the dollar against the yen to rise today after he completed its corrective which was started yesterday and we expect that those rising will arrive to the level 91.250 and that requires Constant of trading over the level 88.550.

Ali Hasan / Senior Analyst /FXCBS
 

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Technical analysis 09/12/09 of FXCBS

This is technical daily and provided by specialists and analysts from the company FXCBS

Previous session overview

The pair Euro against the U.S dollar rose during the Asian session and achieves the highest price at 1.47350 with the lowest price at 1.46680, at this time the pair trading around the level 1.4719.

Sterling also rose against the dollar during the Asian session; achieve the highest price at 1.62880 with the lowest price at 1.61669, the pair now trading near the level 1.61956.

Finally the pair Dollar against the yen was trading in a narrow range as the pair traded between the lowest price at 87.784 and the highest price at 88.692, the pair trading at this time around the level 87.879.

Market Expectations

EUR/USD :
The pair Euro against the U.S dollar passed the support point 1.47350 yesterday and brought down to level 1.46680 , we expect today the pair will continues its down side to the level 1.46100with reference to the possibility to make corrective before continues his down side as shown by stochastic indicators.

GBP/USD :
The sterling against the U.S dollar achieve our goal yesterday to the points 1.62300 , we expect today that the pair will continues the falling to the level 1.61350 then to the level 1.60000 , With reference to the possibility of corrective before that as shown by stochastic indicator.

USD/JPY :
The U.S. dollar against Japanese yen Affected by some volatility as the trading pair is confined between the level of 88.180 and 88.690 level we expect today that the pair will rise if the four hours candle close above the level 88.550


Ali Hasan / Senior Analyst /FXCBS
 

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Technical analysis 10/12/09 of FXCBS

This is technical daily and provided by specialists and analysts from the company FXCBS

Previous session overview

The Euro against U.S dollar fell during the Asian session , the pair achieved the lowest price at the level 1.46927 and the highest price at the level 1.47593, the pair trading at this time around the level 1.47049.

Sterling against the dollar also declined during the Asian session and achieved the lowest price at 1.62148, and its highest was at 1.63220 the pair trading now near the levels of 1.62597.

The dollar against the yen dropped sharply during the Asian session and achieved the lowest price at 87.735, and it highest was at the level 88.233 the pair now trading at the levels of 88,105.

Market Expectations

EUR/USD :
The pair Euro against the U.S dollar was complete its corrective last day to the level 50% Fabbnnaci and collided with the level 1.47600 which stood with a and strong resistance, we expect minor fluctuation around this level before the pairs can return to Falling again toward to the goals 1.4570 and then 1.4500, all of that’s expectations need stability trading under the level 1.47700.

GBP/USD :
The pair Starling against the U.S dollar was complete its corrective last day which was refer in the past report , we expect today that the pair will return to down side again and fall to the level 1.61350 then to the level 1.6000, this expectations need Penetration the level of support 1.61550.

USD/JPY :
The pair U.S dollar against the Japanese yen is still affected by the movement of vibrating and traded in limited level between the support 87.700 and resistance level 88.380 we expect this volatility to continue for a short period today before climbing back towards the level of 89.120.

Senior Analyst / Ali Hasan / FXCBS
 

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Technical analysis 11/12/09 of FXCBS

This is technical daily and provided by specialists and analysts from the company FXCBS

Previous session overview

The Euro against the U.S dollar traded in a narrow range between the highest price at 1.47407 and the lowest price at 1.47089 during the Asian session, the pair is trading now at the level 1.47301.

Sterling rose against the U.S dollar during the Asian session to achieve the highest price at 1.63329, the pair is trading now between the levels of 1.63220 and the level 1.62600.

Finally the dollar against the yen also rose significantly during the Asian session to achieve the highest price at 88.953, the pair is now trading at the level 88.789.

Market Expectations


EUR/USD :
We expect today that the Euro against the U.S dollar will rise to the level 1.48100 , this expectations requires the stability of the trading above the level 1.47000 and close four hours candle above that level , trading range for today is among the support key 1.45600 and the resistance level at 1.49040.

GBP/USD :
We expect today that the pair sterling against the U.S. dollar will rise to achieve the target of 1.64650 with possibility to reach the level of 1.66100, This is after limited trading during yesterday's session to draw a triangular movement. With the observation that the general tendency downward unless we close the day above 1.66100.

USD/JPY :
Stochastic indicator appears saturated in the procurement process for the pair U.S. dollar against the yen which may lead a pair to corrective movement to get rid of this determination , but the general trend for the pair is rising towards to the 90.25 and 91.25.


Senior Analyst / Ali Hasan / FXCBS
 

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Technical analysis 14/12/09 of FXCBS

This is technical daily and provided by specialists and analysts from the company FXCBS

Previous session overview

The dollar rose against the Euro during the Asian session to achieve the highest trading level of 1.46835 and the lowest trading level of 1.45971, the pair is now trading around the level 1.46559.

The Sterling pair also rose against the U.S dollar during the Asian session to achieve the highest price at 1.63254 and the lowest price at the level 1.61899, the pair is trading around the level 1.62455.

Finally the dollar against the yen dropped sharply during the Asian session, the pair has reached the lowest level of 88.379, and trading now around the level of 88.697.


Market Expectations


EUR/USD :
Euro fell against the U.S. dollar at the end of trading on Friday at the previous week to achieve the lowest at 1.45852, we expect to this day that the pair will make a corrective to the level 1.47450, and then relapse again down towards to the target 1.45000 and then 1.44250.

GBP/USD :

Sterling fell against the dollar at the end of trading at the previous week without achieving a new target, the pair touched the level 1.61910, so we expect today a volatility around that level and then a corrective movement to the level of 1.63800 and then back down again, the general trend outlook is heading towards the target of 1.5980.

USD/JPY :
We expect today that the pair U.S dollar against the Japanese Yen will fall to the level 87.500 after the pair breakthrough the level 88.350 , we expect that the general trend for the pair goes down to the level 85.000.

USD/CAD :
We expect that the pair will make a downside correction to the level 1.50250 as maximum, and then goes up to the level 1.07000, these expectations require stability of trading above the level of 1.04900.

Senior Analyst / Ali Hasan / FXCBS

 

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Technical analysis 15/12/09 of FXCBS

This is technical daily and provided by specialists and analysts from the company FXCBS

Previous session overview

The euro and the pound declined against the dollar in today's Asian session, while the yen gained.

The euro dollar pair declined to record a low of 1.45519 and a high of 1.46628, having the 16 nation's currency trading around 1.45621.

The pound dollar pair fell to record a low of 1.62460 along with a high of 1.63191, having the pair trading around 1.62750.

Finally, the dollar yen pair inclined slightly recording a high of 88.990 along with a low of 88.600, and the pair is currently trading around 88.900.

Market Expectations

EUR/USD :
The Euro against the US dollar confined with a narrow trading yesterday , stochastic indicator make us expect that the pair will decline today to the level 1.45600 then to 1.45000 , these expectations requires constant trading below 1.47350.

http://www.fxcbs.com/newsletter/images/EURUSD.gif

GBP/USD :

Sterling against the U.S. dollar also confined with a narrow trading during the previous session between 1.61900 and 1.63250 , which give the pair Negative determination and will push it to go further down to the level 1.60600 as first target then to the level of 1.59650, these expectations requires constant trading below 1.6380.

http://www.fxcbs.com/newsletter/images/GBPUSD.gif

USD/JPY :
We expect the U.S. dollar against the Japanese yen will drop down during the day to the target level of 87.350 and then 86.250, and that expectations requires constant trading below 90.250 and breakthrough the support level at 88.450.

http://www.fxcbs.com/newsletter/images/USDJPY.gif

USD/CAD :
We expect that the pair U.S. dollar against the Canadian dollar must be go down to the level 1.05000 then reverse to achieve the target 1.0725 stochastic indicator support our expectations and closing the price today above 1.05000 will acheive and support our expectations.

http://www.fxcbs.com/newsletter/images/USDCAD.gif

Senior Analyst / Ali Hasan / FXCBS
 

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Technical analysis 16/12/09 of FXCBS

This is technical daily and provided by specialists and analysts from the company FXCBS

Previous session overview

The euro dollar pair is consolidating between 1.45610 and 1.45111, recording a high of 1.45610 and a low of 1.45111, and the pair is currently trading around 1.45261.

Regarding the pound dollar pair, it declined slightly recording a low of 1.62396 and a high of 1.62775, having the royal currency trading around 1.62620.

Finally, the dollar yen pair is consolidating between 89.721 and 89.386, recording a high of 89.721 and a low of 89.386, having the pair currently trading around 89.71.

Market Expectations

EUR/USD :
We expect today that the pair Euro against U.S dollar will continue its bearish trend with possibility of a correction, we expect that the pair will fall to the target 1.44650 then to the target 1.43800 , these expectations require constant trading below the level 1.45800 With reference to the importance of news of interest from the U.S. Federal.

EURUSD.gif


GBP/USD :

Sterling against the U.S dollar traded within a narrow range and continues to pressure to break the support level at 1.61900 and we expect Today that the pair will breakthrough this level to achieve the target 1.60250 , these expectation requires constant trading below 1.63200.

GBPUSD.gif



USD/JPY :
The closure of trading the U.S. dollar against the yen below the level of 90.00 kept our expectations as we mentioned in the last report, we are waiting for penetration of support level 88.750 then 88.450.

USDJPY.gif


USD/CAD :
The expected direction for today is bullish over an intraday basis and initially targets 1.0730, while taking into consideration that the bullish short term wave requires the daily close to remain above 1.0510.

USDCAD.gif



Senior Analyst / Ali Hasan / FXCBS
 

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Technical analysis 22/12/09 of FXCBS

This is technical daily and provided by specialists and analysts from FXCBS

Previous session overview

The Dollar is trading around its highest levels in three months against Euro and other major currencies, EUR against the U.S. dollar was trade in a narrow range during the Asian session the highest price was at 1.43304 and the lowest at 1.42649, now the pair is trading around 1.43202 levels.

The pound against the dollar has weakened during the Asian session; the highest was at 1.61001 and the lowest at 1.60298, now the pair is trading around 1.60865 levels.

The dollar against yen was also weak at the Asian session, and achieved the highest at 91.482 and the lowest price at 90.999, now the pair is trading around 91.171 levels.


Market Expectations

EUR/USD :
The pair Euro against the U.S. dollar faces strong support at the point 1.42600, which may lead the pair to make vibrating movement for some time around that level, and then back again to breakthrough the mentioned support to reach the target 1.41250.

EURUSD.gif


GBP/USD :
Stochastic determination shows a downward trend for the pair of sterling against the U.S. dollar, which makes us expect a decline for a couple starts with breakthrough main support point at 1.60050 and moving toward the goals 1.5945 and then 1.5832 this expectation requires constant trading below 1.61350.

GBPUSD.gif


USD/JPY :
We expect today that the pair U.S. dollar against the Japanese Yen will make a corrective movement to the support point 90.700 and then return to complete its bullish trend to the point 92.80 , this expectation require stability of trading above 90.700.

USDJPY.gif


USD/CAD :
We expect a bullish direction over an intraday basis supported by 76.4% Fibonacci correction. The primary targets expected are around 1.07600. It is important to pay attention that chances of achieving this bullish trend will prevail if we do not witness a clear breach for 1.05455.

USDCAD.gif


Senior Analyst / Ali Hasan / FXCBS
 
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