Technical analysis FXCBS

[fxcbsar]

Technical analysis 23/12/09 of FXCBS

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

Previous session overview

The major currencies have been trading in a narrow range against the dollar during the Asian session, EUR against the U.S. dollar was traded in a narrow range during the Asian session recording a high of 1.42749 and a low of 1.42354, now the pair is trading around 1.42519 levels.

The pound against the U.S dollar was also trading in a narrow range during the Asian session; the highest was at 1.59777 and the lowest at 1.59375, now the pair is trading around 1.59427 levels.

The dollar against yen was also traded in a narrow range at the Asian session, and achieved the highest at 91.864 and the lowest price at 91.544, now the pair is trading around 91.779 levels.


Market Expectations

EUR/USD :
The pair Euro against the U.S. dollar continues its fluctuation around the resistance level at 1.42650, we expect today the pair will make small correction which should not cross the level of 1.4350. Then the pair continue the downward move towards the new targets at the levels of 1.41000 then to the level 1.40400.

GBP/USD :
We expect today that the pair Sterling against the U.S. dollar will decline again , after the pair achieved the goals that we have set yesterday at 1.59450, we expect today that this decline will take the pair to a new target at the level 1.58350, these expectations require stability of trading below 1.60050.

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

USD/CAD :
Positive signs that are coming from momentum indicators are making us hold onto our previous expectations, which points to a bullish direction over an intraday basis targeting mainly 1.07800 while being cautious from achieving a clear breach and stabilizing below 1.05450, will make the expected bullish scenario fail and reverse the direction to a bearish one.

Senior Analyst / Ali Hasan / FXCBS

 

[fxcbsar]

Technical analysis 24/12/09 of FXCBS

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

Previous session overview

Euro against the U.S. dollar was traded in a narrow range during the Asian session recording a high of 1.43712 and a low of 1.43232, now the pair is trading around 1.43519 levels.

The Pound against the U.S dollar was also trading in a narrow range during the Asian session; the highest was at 1.60125 and the lowest at 1.59428, now the pair is trading around 1.59931 levels.

The dollar against yen was also traded in a narrow range at the Asian session, and achieved the highest level of 91.739 and the lowest price at 91.130, now the pair is trading around 91.242 levels.


Market Expectations

EUR/USD :
the Euro against the U.S. dollar still traded within a narrow range since the beginning of the trading session for this day around the resistance level at 1.43650 and strives to break through this level, if the pair can break through this level that may lead the price to the level 1.44750, but we still keep our expectations that all the rise for the pair is just a correction movement.

GBP/USD :
Sterling against the U.S. dollar based on the support level, we expect today that the pair will make a correction up to the level 1.60850 before continuing its landing, the general trend still down side until this moment.

USD/JPY :
The U.S. dollar against the Japanese yen continues to be attempts to complete the correction which is expected to the level 90.700 but the price hits the support level at 91.300, Now we expect that the pair will break through that level to complete the correction, before he can go up to the new goals at the level 92.500

USD/CAD :
Positive signs that appear through momentum indicators make us expect some upside movement that will retest breach support at 1.05450 and then resume the bearish trend towards the mentioned main targets. Thus, we expect a bearish direction for today to remain intact if we do not witness trades stabilizing above 1.05700.

Senior Analyst / Ali Hasan / FXCBS

 

[fxcbsar]

Technical analysis 28/12/09 of FXCBS

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


Previous session overview

In general, as a result of the Christmas Holiday and thin liquidity the pairs were trading in a narrow range during the Asian session.

The Euro against the US dollar within the Asian session has touched a high price of 1.43965 and low price at 1.43522.

The Sterling against the US dollar during the Asian market touched high price of 1.59944 and a low of 1.95315.

The US dollar against the JPY within the Asian session has touched a high at 91.770 and low at 91.406.


Market Expectations

EUR/USD :
The Volume is poor on the pair EUR/USD due to the Christmas holiday. And the market has opened on an upward direction, so we expect the pair to go down again to the levels of 1.4265 and then 1.4200 if the pair breaks the 1.4350 support level.

GBP/USD :
The sterling against the U.S. dollar approached to a strong support level of 1.5925, but it rebounded rapidly. We expect the pair to go back again to test this point and we expect the pair to fall this time to 1.5845.

USD/JPY :
The Yen against the U.S. dollar is trading for several days within a narrow range between the support level of 91.32 and resistance level of 91.77, the expectations for the pair is to keep moving between these two prices with the possibility for the pair to decline to 90.70 in the process of completing the correction movement.

Senior Analyst / Ali Hasan / FXCBS

 

[fxcbsar]

Technical analysis 29/12/09 of FXCBS

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

The Euro against the US dollar traded in a narrow range durring the Asian session , the highest price at1.44280 and low price at 1.43539.

The Sterling against the US dollar raise during the Asian session to achieved the highest price at 1.60675and a low at 1.59953.

The US dollar against the JPY also traded in a narrow rang durring the Asian session has touched a high at 91.778 and low at 91.525.


Market Expectations

EUR/USD :
EUR against the U.S. dollar still trading in a narrow rang between the support level at 1.4350 and the resistance level 1.44230 , we expect to continues this vibrating movement for few days before we can judge the direction for the pair.

GBP/USD :
Sterling against the U.S. dollar has made some slight rise and tries to approach the resistance level at 1.60850; the momentum is still weak, thereby keeping the pair traded fairly quiet for several days we must wait for few days before we can see the direction.

USD/JPY :
We still see that the expected direction for today is bullish; targeting main resistance levels at 92.50 as a primary target for the present bullish short term wave, before possibly reversing. Keep in mind that the breach of 90.75 could cancel out the need to touch main resistance and directly start a bearish trend.

Senior Analyst / Ali Hasan / FXCBS

 

[fxcbsar]

Technical analysis 30/12/09 of FXCBS

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


Wednesday Dec 30, 2009

Previous session overview

The euro dollar pair was in an attempt to rise against the dollar yesterday, but it failed to break the resistance level of 1.44580 from where it dropped back to the 1.43050 levels to close above that level.

The pound failed to gain against its American counterpart, as it stopped at the resistance level of 1.60440 from where it dropped to trade around 1.58890 levels today.

The dollar yen pair continued to gain yesterday as the dollar is attracting investors more than the Japanese yen in the last period. The pair reached 92.00 levels where it is trading around today.



Market Expectations

EUR/USD :
EUR fell against the U.S. dollar to touch the main support point at 1.43050, we expect a further drop to the level of 1.42150, but after a little consolidation movement for the pair to get rid of the determination which appears through Stochastic, this expectation requires stability of trading below the level of 1.44250.

GBP/USD :
We expect today that the pair Sterling against U.S dollar will continue it’s drop to the level 1.57450, this expectation requires stability of trading below the level 1.59600, with the possibility of some of the fluctuation for the price movement before that drop.

USD/JPY :
The dollar continued its rising against the Japanese yen to the near key resistance at 92.400. Determined indicators show saturation in procurement which leads us to expect a downward trend to the level 91.620, and we must note that the penetration of the level 92.550 opens the way for an up trend

Senior Analyst / Ali Hasan / FXCBS

 

[Actifast]

Thnks.. TT..

So drop mlm nie GU?

 

[ismandi76]

good analysis

 

[fxcbsar]

FXCBS - fxcbs.com

About FXCBS​

Fienex Group, DBA* FXCBS , which stands for FOREX Central Brokerage Services, has been focusing on the development of the best technologies and solutions that perfectly serve our clients needs.

FXCBS was created by a team of expert advisors and professional traders who decided to put an end to the unfair trading environments created by many of the brokers and organizations that are well known in the industry and to the public, we are the next generation of spot FOREX trading and 100% dependent on our people to deliver our promises. That why we only employ the very best people in the financial industry?.

*DBA term refers to "Doing Business As".

Our Mission
​

To be the first in providing the best advantages for traders, and never spare an effort to create new unique services.

Whether you are an institutional or professional client, we believe that you will notice many things about our firm that are very different from other FOREX brokerage firms in the industry. We believe the key to serving our clients effectively is by providing them with a high-end and institutional-class product base to choose from, placing excellent service as our top priority and exemplifying the highest standards of personal and professional ethics. We develop and maintain long-term relationships with our clients, actively listen to them, build their trust and loyalty and do our best to fulfill their expectations.

Our Vision
​

For the FOREX Market to be not only the most traded market, but the most profitable market as well.

At FXCBS, we have created a culture where the needs of our clients always come first. By adhering to exemplary standards and conducting our business with excellence and integrity, we enhance our reputation and cultivate the growth of our business. Our commitment to you is reflected in all aspects of our business:

FX Compliance Over-the-counter (OTC") foreign currency ("FOREX") transactions are private agreements made between you, the client, and the dealer. As a result, you, the client, are subject to the risk relating to the credit worthiness of the dealer. Unlike other markets, there is no exchange or central clearing house to support the transaction. If you have profitable trades, you want assurances that the dealing firm has the ability to remit funds to you for such trades. Therefore, in the same way that a bank making a loan wants to know that the client has sufficient net worth to repay the loan, you want to know that the dealer on your currency trades has the capital base to make payment on trades.

Risk DisclosuresTrading foreign exchange products on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Our People
​

As the frontline of our business, we are 100% dependent on our people to deliver our promises, day in and day out. That why we only employ the very best people in the financial industry. At FXCBS we collaborate to deliver high-quality solutions that our clients expect from us. The caliber of our solutions comes from teams that continually contribute fresh ideas, different perspectives and individual flair. Our clients know they can depend on us. We are consistently looking for opportunities to create a deeper understanding of how to meet their growing business goals.

Click here to read more about career opportunities at FXCBS.

Forex ECN Broker|Currency Online Trading| Low Spread| Free Trading Software
​

 

[fxcbsar]

Technical analysis 31/12/09 of FXCBS

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


Thursday December 31 , 2009

Previous session overview

The euro dollar pair was in an attempt to rise against the dollar yesterday, but it failed to break the resistance level of 1.44240 from where it dropped back to the 1.43970 levels .

The pound raise against its American counterpart, as it stopped at the resistance level of 1.61450 ,the pair trading now around the level 1.61343.

The dollar yen pair continued to gain yesterday as the dollar is attracting investors more than the Japanese yen in the last period. The pair reached the resistance level 92.500 where it is trading around today.

Market Expectations

EUR/USD :
Stochastic for the pair euro against the U.S. dollar appears saturated in the procurement process which leads us to expect a downward trend in real aims to the level 1.42150 and that expectation requires constant trading below 1.44620. The overall trend is still declining steadily towards to the 1.40850.

GBP/USD :
Sterling rose against the U.S. dollar late yesterday in a correction movement to the level 61.8% Fibonacci, today we expect a downward trend for the pair to return to the targets 1.59500 and then 1.59000 to open the way for further decline.

USD/JPY :
The dollar against the Japanese yen touched the resistance level yesterday at 92.500 , Stochastic indicators show saturation in the procurement process , so expect downward trend to the target 92.000 then to the 91.500 , taking into account that the penetration for the resistance point at 92.500 negate these expectations.

USD/CAD :
We might witness some volatility around the new support level in an attempt to gain upside momentum to support the bullish expectations for further upside moves over intraday basis which targets initially 1.06500 , the upside move requires the stability of 1.04450.

Senior Analyst / Ali Hasan / FXCBS

Forex ECN Broker|Currency Online Trading| Low Spread| Free Trading Software
​

 

[fxcbsar]

Technical analysis 4/01/10 of FXCBS

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

Monday January 4 , 2010

Previous session overview

The pair euro against the U.S dollar was trading in a narrow range, the highest was at 1.43369 and the low was recorded at 1.42570.

The pound traded in a narrow range against its American counterpart, the pair acheived the highest at 1.61511, the pair is trading now around the level 1.61315.

The dollar yen pair continued to gain yesterday as the dollar is attracting investors more than the Japanese yen in the last period. The pair reached close to the resistance level 93.410 where it is trading around today.



Market Expectations

EUR/USD :
The Pair euro against the U.S. dollar is heading down constantly and close to touching the support level at the point at 1.42570, we expect that the pair will break through this support to touch the level 1.42150 ,which we expect the pair make correction movement upwards from that level to the level of 61.8% at the point 1.47450.

GBP/USD :
We expect the Pair of sterling against the U.S. dollar will go down during the trading day To the main support level at 1.59700 then to the level 1.59200, but the stochastic indicator shown some saturation in the procurement process, so expect the prices to fluctuate around the level 1.60600 to get rid of this saturation.

USD/JPY :
The pair U.S dollar against the Japanese yen continues to rush to the top and close to the major resistance level at 93.410 , Stochastic shows some of saturation, which leads us to expect a decline in the price with a correction movement to the target 92.55 Before continuing the ascent again.

Senior Analyst / Ali Hasan / FXCBS

Forex ECN Broker|Currency Online Trading| Low Spread| Free Trading Software