The pair Euro against the U.S. dollar traded in a narrow range during the Asian session between the lowest level at 1.25769 and the highest level at 1.26470, the pair is currently trading around the level of 1.25901, the determined indicators for the time frame of one hour candlestick and four hours candlestick show positive sign for the pair.
Regarding the pair Sterling against U.S. dollar traded during the Asian session in a narrow range between the lowest level at 1.49588 and the highest level at 1.50779, the pair is currently trading around the level of 1.49733, the determined indicators for the time frame one hour candlestick and four hours candlestick show positive sign for the pair .
Finally the pair U.S. dollar against the Japanese Yen traded during the Asian session between the highest level at 89.155 and the lowest level at 88.617, the pair is trading now around the level of 88.900, the determined indicators for the time frame one hour candlestick and four hours candlestick show a negative sign for the pair .
Market Expectations
EUR/USD :The pair Euro against the U.S. dollar is close to the level of 1.25600 which represents the correction of the level 38.2% Fibonacci, we expect based on this level and then starting up to the level of 1.27000, determined indicators for the one hour candlestick show positive sign which support our expectations .
GBP/USD : etermined indicators for the pair Sterling against the U.S. dollar show positive sign lead us to expect an uptrend for today to the target of 1.52150 and if the pair could penetrate this level we may see more up target, stability of the trading above the level of 1.49550 necessary to achieve these expectations.
USD/JPY : etermined indicators for the pair U.S. dollar against the Japanese Yen show negative signs which may lead the pair to decline to the level 87.000 then to the target of 85.650, stability of the trading below the level of 89.900 is necessary to achieve these expectations .
The major currency traded during the Asia session in a narrow range, while the dollar index trade during the Asia session between the highest level at 84.220 and the lowest level at 84.110 , the index traded now around the level of 84.200.The pair Euro against the U.S. dollar traded during the Asian session in a narrow range between the lowest level at 1.25562 and the highest level at 1.26134, the pair trading now around the level of 1.25600, today we are waiting from Euro Zone economic the result of the German ZEW Economic Sentiment.
Regarding the pair Sterling against the U.S. dollar also traded in a narrow range the Asian session between the lowest level at 1.49785 and the highest level 1.50464 , the pair is currently trading around the level of 1.49810, we are waiting today from UK economic the result of CPI y/y and the CB Leading Index m/m.
Finally the pair U.S. dollar against the Japanese Yen traded during the Asian session between the lowest level at 88.467 and the highest level at 88.864 , the pair trading now around the level of 88.652.
Market Expectations
EUR/USD : etermined indicators for the pair Euro against the U.S. dollar shows a positive sign and the moving average 50 (MA 50) (1.25560) is strong support for the pair, all of these lead us to expect an uptrend for the pair to the level of 1.27000, stability of the trading above the level of 1.25500 necessary to achieve these expectations.
GBP/USD : etermined indicators for the pair Sterling against the U.S. dollar show negative sign which may lead the pair to decline to the level of 1.49520 then to the level of 1.48900, stability of the trading below the level of 1.50750 necessary to achieve these expectations.
USD/JPY : We expect some fluctuation for the pair U.S. dollar against the Japanese Yen before continues the declining to the level of 87.500 then to the main target at 87.000, stability of the trading below the level of 89.100 necessary to achieve these expectations.
Wednesday July 14 , 2010 Previous session overview
The pair Euro against the U.S. dollar traded since the beginning of the trading today between the lowest price at 1.26912 and the highest price at 1.27360 , while the pair trading now around the level of 1.27152.
The pair Sterling against the U.S. dollar traded since the beginning of the trading today between the lowest price at 1.51684 and the highest price at 1.52907 , while the pair trading now around the level of 1.52448.
The pair U.S. dollar against the Japanese Yen traded since the beginning of the trading today between the lowest price at 88.388 and the highest price at 89.108 , while the pair trading now around the level of 88.541.
Market Expectations
EUR/USD : etermined indicators for the pair Euro against the U.S. dollar shows negative signs, which may lead the pair to make a corrective movement before continuing its rising move to the target of 1.27800 then to the level of 1.28140.
GBP/USD : Stability of the trading for the pair Sterling against the U.S. dollar above the level of 1.52000 open the way for the pair to achieve its goals at the level of 1.53000, some negative signs show through Stochastic indicator which may lead the pair to decline before continuing rising to the new target at 1.54000.
USD/JPY : Negative effect appearing on the pair U.S. dollar against the Japanese Yen through , so we expect a small corrective movement before the pair can return to penetrate the resistance level at 89.100 which will open the way for new up target at 89.560.
The pair Euro against the U.S. dollar traded during the Asian session between the lowest level at 1.27081 and the highest level at 1.27642, the pair is trading now around the level of 1.27237.
Regarding to the pair Sterling against the U.S. dollar traded during the Asian session between the lowest level at 1.52357 and the highest level at 1.52897, the pair is trading now around the level of 1.52598.
Finally the pair U.S. dollar against the Japanese Yen traded during the Asian session in a narrow range between the lowest level 88.015 and the highest level at 88.492 , while the pair is trading now around the level of 88.120 .
Market Expectations
EUR/USD : The pair Euro against the U.S. dollar touched yesterday the level of 50% Fibonacci at (1.27780) and then a rebounded emotion negative signal which was shown through determined indicators which may go to the target of 1.26900 then the pair will go back to continue it’s rising to the target of 1.28140.
GBP/USD : Stability of the trading above the level of 1.52400 for the pair Sterling against the U.S. dollar and close four hour candlestick above it, encourage us to save our expectation yesterday as it was, so we expect that the pair will rise today to the target of 1.53360 then to the target of 1.53860.
USD/JPY : The negative pressure on the pair was able to complete the bearish technical pattern without the need to clearly breach 88.000, Stability of the trading below MA 50 encourages us to expect the breach of the mentioned level and then pave the way towards achieving the bearish intraday direction starting at 87.050 that requires stability below 89.100.
The pair Euro against the U.S. dollar traded today since the beginning of today’s session between the lowest level at 1.28899 and the highest level at 1.30059, while the pair is trading now around the level of 1.29977.
The pair Sterling against the U.S. dollar traded today since the beginning of today’s session between the lowest level at 1.53575 and the highest level at 1.54616, while the pair is trading now around the level of 1.53766.
Finally the pair U.S. dollar traded since the beginning of the trading today between the highest level at 87.509 and the lowest level at 86.517 , the pair trading now around the level of 86.675. Market Expectations EUR/USD : etermined indicators for the pair Euro against the U.S. dollar show negative sign after the pair has reached the target level 1.30000, we expect a corrective movement to the level of 1.28850 before return to continue the bullish trend.
GBP/USD : The pair Sterling against the U.S. dollar made a down corrective movement to get rid from the negative signs which was shown through stochastic indicator, now we can see positive sign could push the pair up to the target of 1.55000, stability of the trading above the level of 1.53500 is necessary to achieve these expectations.
USD/JPY : The pair U.S. dollar against the Japanese Yen was so close to the corrective level at 87.5000 then it declined towards the target of 86.510, we expect more decline today to the level of 85.650, stability of the trading below the level 88.000 is necessary to achieve these expectations .
The pair Euro against the U.S. dollar traded in a narrow range during the Asian session between the lowest level at 1.28827 and the highest level at 1.29193 , while the pair is trading now around the level of 1.29040.
Regarding to the pair Sterling against the U.S. dollar traded also in a narrow range during the Asian session between the highest level at 1.53207 and the lowest level at 1.52661, the pair is currently trading around the level of 1.53020.
Finally the pair U.S. dollar against the Japanese Yen traded in a narrow range during the Asia session between the lowest level at 86.711 and the highest level at 86.631 , the pair is trading now around the level of 86.619.
Market Expectations
EUR/USD : We expect today to the pair Euro against the U.S. dollar to decline in a correction movement to retest the level 50% Fibonacci which was penetrated around the level of 1.27850 to get red the negative signs which was seen through determined indicators, then the pair will go up again to the new target around the level 1.30900 and maybe more to the level 1.31870.
GBP/USD : etermined indicators for the pair Sterling against the U.S. dollar start show a positive sign, so we expect that the pair will rise to the target of 1.54500 then to the level 1.55000, stability of the trading above the level of 1.52500 is necessary to achieve these expectations.
USD/JPY : The pair U.S. dollar against the Japanese Yen Continue its negative pressure , determined indicators show positive signs which may lead the pair to an up corrective movement to the level of 87.540 before it can return to decline to the new target around the level of 85.300.
The pair Euro against the U.S. dollar traded in a narrow range during the Asian session between the highest level at 1.27864 and the lowest level at 1.27373, while the pair is currently trading around the level of 1.27743.
Regarding the pair Sterling against the U.S. dollar traded also in a narrow range during the Asian session between the highest level at 1.51975 and the lowest level at 1.51507, the pair is currently trading around the level of 1.51815.
Finally the pair U.S. dollar against the Japanese Yen traded during the Asian session between the highest level at 87.084 and the lowest level at 86.339, the pair trading now around the level of 86.520.
Market Expectations EUR/USD : We expect some fluctuation for the pair Euro against the U.S. dollar around the level of 1.27850 to get rid of the positive signs that shows through determined indicators (one hour time frame) then the pair will continue it’s declining to the target of 1.27000 then to the target of 1.26510, stability of trading below the level of 1.28510 is necessary to achieve these expectations.
GBP/USD : Stability of trading for the pair Sterling against the U.S. dollar below the level 1.52220 (MA 50) and the closing of the four hour candlestick below these level lead us to expect more decline for the pair today to the target of 1.51010.
USD/JPY : We could witness some fluctuation for the pair U.S dollar against the Japanese Yen, but we expect a bearish intraday direction affected by stabilizing below the breached minor bullish channel, the target will be 85.790 then 84.800.
The Euro against U.S. dollar traded today between the lowest level at 1.28604 and the highest level at 1.29653, while the pair is currently trading around the level of 1.28892.
Regarding the pair Sterling against the U.S. dollar, traded today between the lowest level at 1.52508 and the highest level at 1.54490, the pair is currently trading around the level of 1.54010.
Finally the pair U.S. dollar traded today between the lowest level at 86.735 and the highest level at 87.469, while the pair is currently trading around the level of 87.375.
Market Expectations
EUR/USD : etermined indicators for the pair Euro against the U.S. dollar started to show negative sign, therefore we expect the pair will decline to the level 1.27850, but we advice to monitor the trading for the pair until the Bank Stress Test Results are issued at 7:00pm.
GBP/USD : etermined indicators started to show negative signs for the pair Sterling against the U.S. dollar which may lead the pair to decline to the level of 1.52850 before it can go up again, stability of the trading below the level of 1.54550 necessary to achieve these expectations.
USD/JPY : The pair has gradually revisited the retest level mentioned this morning around 87.400, accompanied with ongoing negative signs from momentum indicators. Therefore, our expectations remain intact as long as stability is below 88.090.
The pair Euro against the U.S. dollar traded during the Asian session between the lowest level at 1.28763 and the highest level at 1.29582, while the pair is trading now around the level of 1.29421.
Regarding to the pair Sterling against the U.S. dollar also traded during the Asian session between the lowest level at 1.53944 and the highest level at 1.55006, the pair is trading now around the level of 1.54795.
Finally the pair U.S. dollar against the Japanese Yen traded during the Asian session between the lowest level at 87.300 and the highest level at 87.714, The pair trading now around the level of 87.320.
Market Expectations
EUR/USD : We expect today for the pair Euro against the U.S. dollar a decline in a corrective movement to the level of 1.20110 then to the level of 1.28100 before the pair can continues its upward movement, stability of the trading above the level of 1.27350 necessary to save the uptrend for the pair, the level of 1.29950 still strong resistance for the pair.
GBP/USD : The pair Sterling against the U.S. dollar started to draw a double top on the four hour candlestick at the level of 1.54680 with start showing negative sign for the pair through determined indicators, all of these lead us to expect that the pair will make a corrective movement to the level 1.53450 then to the level of 1.52900 before it continues its bullish move to the target of 1.56350.
USD/JPY : The pair is close to touching this level’s resistance for the bearish direction at 88.100, accompanied by determined indicators which are nearing overbought areas; therefore we expect a bearish trend for this week that targets 85.850
The pair Euro against the U.S. dollar traded during the Asian session between the lowest level at 1.29665 and the highest level at 1.30161, the pair trading now around the level of 1.30109.
Regarding to the pair Sterling against the U.S. dollar traded during the Asian session between the lowest level at 1.55623 and the highest level 1.56171, the pair trading now around the level of 1.56149.
Finally the pair U.S. dollar against the Japanese Yen traded during the Asian session between the lowest level at 87.653 and the highest level at 87.918 , the pair trading now around the level of 87.841.
Market Expectations
EUR/USD : We expect today that the pair Euro against the U.S. dollar will test the resistance level at 1.30650 then decline to the level 1.29110, determined indicators for the daily and for the four hours candlestick support our expectations.
GBP/USD : etermined indicators for the pair Sterling against the U.S. dollar show negative signs which may lead the pair to decline to get rid of the negative signs before heading back to a bullish trend.
USD/JPY : The pair strongly pushed to the upside due to the positive signs appearing on Stochastic that is currently nearing overbought areas, our expectations will remain intact as long as the four-hour closing remains below 87.660.
