This is technical daily and provided by specialists and analysts from FXCBS
Tuesday January 5 , 2010
Previous session overview
The euro dollar pair is consolidating between 1.44840 and 1.44050 recording a high of 1.44841 and a low of 1.44050.
Regarding the pound dollar pair, it fell slightly to record a low of 1.60661 and a high of 1.61530, currently the pair is trading around 1.60780.
Finally, the dollar continued to drop against the Japanese yen recording a low of 91.620 and a high of 92.510, and the pair is currently trading around 91.800
Market Expectations
EUR/USD :
The pair Euro against U.S dollar rise during the yesterday's session, today the pair start trading around the resistance point at 1.4462, Stochastic appears saturated in the procurement process which may lead the pair to recoil from that point in a corrective movement to the level 1.43750.
GBP/USD :
Sterling against the U.S. dollar Collide yesterday with the resistance point at 1.62400 , which lead the pair to comes back down to the support point at 1.60650 , Stochastic shows mixed signals on the pair which may lead to the pair to fluctuate in a range trend before making a definite trend for the day.
USD/JPY :
currently expectations are aimed at levels of 90.91 and requires constant trading below 92.55, stochastic show saturation in sales process , which may lead to the pair to do a corrective move before continuing its falling , Monitoring the closure of this day for the level of 90.91 is important for determining the fate of the new short-term trend.
This is Technical analysis daily and provided by specialists and analysts from FXCBS
Wednesday January 6 , 2010
Previous session overview
The euro dollar pair fell slightly recording a low of 1.43330 and a high of 1.43700 at the Asia session, having the euro currency trading around 1.43281. The pair couldn't breach the 1.44600 levels yesterday, and fell back to the 1.43450 levels.
Regarding the pound dollar pair, it breached the 1.60110 levels yesterday and currently the pair is trading around 1.60380, and the high was at 1.43704 and the low was at 1.42832.
Finally, the dollar rallied against the Japanese yen in today's Asian session to offset a sharp decline we witnessed yesterday, and the pair recorded a high of 92.246 and a low of 91.520.
Market Expectations
EUR/USD :
Euro fell against the U.S dollar yesterday to the support level at 1.43450, we expect today that the pair will breakthrough these level to achieve further declines to the new target which is aimed at the point 1.42270, this expectation require stability of trading below the level 1.43450, and we reference to the presence of some saturation in the sales for the pair.
GBP/USD :
Sterling against the U.S. dollar fell yesterday sharply and now approaching the support level at the 1.59250 level of 76.4% Fibonacci, Stochastic appears saturated in sales, which make us expect a correction for the pair before continuing to decline towards to the level 1.57850.
USD/JPY :
The pair U.S dollar against the Japanese yen complete its corrective movement to the level 92.200, we expect now that the pair will return to continues the downside movement to the target level at 90.700, this expectation requires constant of trading below 92.200.
USD/CAD :
We see that the expected direction for today could be bearish, where its main targets reside at 1.03300 followed by 1.02700. Keep in mind that it is vital that 1.04550 remain intact so chances of achieving these expectations prevail, the general trend is to the downside as far as 1.18700.kjlkj
This is Technical analysis daily and provided by specialists and analysts from FXCBS
Thursday January 7 , 2010
Previous session overview
The euro dollar pair fell slightly to record a low of 1.43550 and a high of 1.44450, having the European Union currency trading around 1.43711.
As for the pound dollar the pair declined to record a low of 1.59311 and a high of 1.60573, having the royal currency trading around 1.59486. The pair rose yesterday after reaching the 1.59350 levels where it found a strong support.
Finally, the dollar gained slightly against the Japanese yen to record a high of 92.871 and a low of 92.105 and the pair is currently trading around 92.744.
Market Expectations
EUR/USD :
We expect today to the pair euro against the U.S. dollar down another time to test the support level at 1.42650 and if the pair can breakthrough this support point the price will move towards to the 1.41970, stochastic indicator support these expectations and that requires consistency for trading below 1.44850.
GBP/USD :
Stochastic showing mixed signals, which may lead to fluctuating slightly before continuing to decline toward to the goals referred to earlier at 1.58900 and then further to the level 1.57800 , this expectation requires stable for trading below the resistance level at 1.60550.
USD/JPY :
Stochastic still shows signs of a negative downward spiral for a couple of the U.S. dollar against the yen, which leads us to expect that the trend of the pair still down and we expect to reach the level of 90.900 these expectations necessarily require a constant price below the level of 93.000 and to close four hours candle below this level.
This is Technical analysis daily and provided by specialists and analysts from FXCBS
Friday January 8 , 2010
Previous session overview
The euro dollar pair fell slightly to record a low of 1.42871 and a high of 1.43350, having the union currency trading around 1.43169.
Regarding the pound dollar pair, it is consolidating recording a high of 1.59891 and a low of 1.59149, having the royal currency trading around 1.59660.
Finally, the dollar yen pair is consolidating between 93.000 and 93.760, recording a high of 93.760 and a low of 93.132, and the pair is currently trading around 93.206.
Market Expectations
EUR/USD :
The Pair euro against the U.S. dollar is close to touching the central support point at 1.42850 and which is very critical point and so great importance to determining the direction of the pair in the medium term, it shows through Stochastic some volatility for a price around these levels, waiting today important data which will be issued from the U.S. economy and that will affect a lot on the course of events..
GBP/USD :
Stochastic appears saturated in sales for the pair of sterling against the U.S. dollar, which may lead to rise for the pair , but standing in front of this rise sub-board resistance level at 1.60220 and if the price for the pair stable below that level our previous expectations to fall still constant.
USD/JPY :
The U.S. dollar against the Japanese yen rose yesterday to reach the goals that we have it at 93.500 Stochastic is showing saturation in the purchase for the pair, which makes us expect that the trend will be falling for today to the level 91.800 , these expectations require stability of trading below 93.500.
Monday January 11 , 2010
Previous session overview
The euro dollar pair inclined in today's Asian session to record a high of 1.45329 and a low of 1.44082, having the euro trading around 1.45159 levels.
As for the pound dollar pair, it gained in today's Asian session to record a high of 1.61368 and a low of 1.60437, having the pair trading around 1.61350.
Finally, the dollar yen pair is consolidating between 92.619 and 92.179 recording a low of 92.179 and a high of 92.619 having the pair trading around 92.289.
Market Expectations
EUR/USD :
EUR rose against the U.S. dollar at the beginning of trading today to achieve a high of 1.45320 after it was able to acheive the support level 1.42650 and breakthrough resistance level at 1.44650. Indicators show saturation determination in the procurement process which may lead to land the pair a little to the resistance level which was broken before continuing the process of climbing to 1.46450.
GBP/USD :
Sterling rose against the U.S. dollar at the beginning of trading today to achieve a high of 1.61070 and we wait for a breakthrough the resistance level at 1.61100 and we expect an upward trend in real targets for a couple to the level 1.62450, but before that the pair will make vibrating movement at that level before it can rise.
USD/JPY :
We expect today down trend to the level 90.550 and then after achieve that level and breakthrough it the target will be at 90.000, and we must note that closing below 93.700 is important to keep its trend.
This is Technical analysis daily and provided by specialists and analysts from FXCBS
Tuesday January 12 , 20
Previous session overview
The euro dollar pair declined in today's Asian session after three days of gains, recording a high of 1.45214 and a low of 1.44532, having the union currency trading around 1.45107.
Regarding the pound dollar pair, it fell slightly to record a low of 1.60621 and a high of 1.61287, having the royal currency trading around 1.60959.
Finally, the dollar inclined against the Japanese yen recording a high of 92.414 and a low of 91.723, and the pair is currently trading around 91.915.
Market Expectations
EUR/USD :
The Euro versus dollar returned within the ascending channel in an attempt for some bearish correction Stochastic is entering oversold areas; therefore keeping our previous expectations of achieving a possible bullish intraday direction that will build its base on 1.4435 and initially target 1.4565 and then 1.4675.
GBP/USD :
The last descend enabled the pair to get rid of the negative signs that appeared on the stochastic that neared showing a positive reversal sign that supports our previous expectations, as long as the expected bullish direction continues over an intraday basis targeting first the breach of pivotal resistance 1.6240 and then head towards 1.6360. It is vital that 1.6005 remain intact to maintain chances of achieving this awaited ascend.
USD/JPY :
The dollar versus yen was able to breach minor support, shown yesterday at 92.10 and is currently retesting this breach as it appears on the line chart above we still keep our expectations ( bearish direction for today) main targets are at 91.250 and then to the 90.000.
This is Technical analysis daily and provided by specialists and analysts from FXCBS
Wednesday January 13 , 2010
Previous session overview
The euro dollar pair is consolidating recording a low of 1.44562 and a high of 1.45150, having the 16 nation's currency trading around 1.44977.
Regarding the pound dollar pair, it inclined recording a high of 1.62253 and a low of 1.61360, having the royal pound trading around 1.62188.
Finally, the dollar fell against the Japanese yen to record a low of 90.902 and a high of 91.349, and the pair is currently trading around 91.259.
Market Expectations
EUR/USD :
Euro against the U.S dollaris currently trading within a narrow range, but the technical indicators make us expect there is possibility for the pair to rise to the level 1.46450 and that will happen after the pair based on the support level 1.44550, stochastic showing negative signs, which may lead to the fluctuations for the price before continuing to a bearish target.
GBP/USD :
Sterling against the U.S. dollar surged yesterday on the upward movement to achieve a high of 1.62000, and we expect that the price will touch the resistance level at 1.62400 and then make a corrective movement to get rid of saturation in the procurement process, which shown through Stochastic.
USD/JPY :
We expect to witness a possible bearish direction for today; targets are mainly around 89.75, but chances of a minor bullish correction seem to be appearing since yesterday, which could impede through it the pair's testing the breach support 91.25
This is Technical analysis daily and provided by specialists and analysts from FXCBS
Thursday January 14 , 2010
Previous session overview
The Euro dollar pair recorded a high of 1.45559 and a low of 1.44956, having the union currency trading around 1.45300.
The pound dollar pair recorded a low of 1.62629 and a high of 1.63091, having the royal currency trading around 1.62906. The pair is trading between the 1.62400 levels and 1.63550 levels.
Finally, the dollar yen pair inclined slightly to record a high of 91.927 and a low of 91.294, having the pair trading around 91.915.
Market Expectations
EUR/USD :
We think that the expected bullish intraday direction could prevail, while we wait achieving the expected targets starting from 1.45700 and then 1.46450. Keep in mind the importance of the level 1.44550 remains intact to maintain chances of achieving these expectations.
GBP/USD :
The pair succeeded in breaching the pivotal resistance at 1.62400 to start the expected intraday downside move therefore, our expectations are intact according to the morning scenario which remains intact as far as 1.60600 is not breached.
USD/JPY :
The dollar agaist the yen surpassed in its bullish correction the pivotal resistance at 91.250 yesterday's breached support, we wait the bearish direction over intraday basis that essentially requires trades to remain below 92.100.
This is Technical analysis daily and provided by specialists and analysts from FXCBS
Monday Jan 18, 2010
Previous session overview
The euro dollar pair is consolidating in today's Asian session, between 1.43935 levels and 1.43349 levels recording a high of 1.43935 and a low of 1.43349, while the pair is currently trading around 1.43880.
Regarding the pound dollar pair, it is trading between a low of 1.62491 and a high of 1.63392, having the royal pound trading around 1.63230.
Finally, the dollar yen pair is fluctuating between a low of 90.718 and a high of 91.059, and the pair is currently trading around 90.889.
Market Expectations
EUR/USD :
The resistance level 1.45600 showed very strong resistance for the pair Euro against U.S dollar last week; this strong resistance was pushing the pair to fall below the level 1.44000.The pair still trading above the support level 1.42650 and we note that the pair enters saturation level for the sales process, which leads us to expect a rise for the price during the trading this week.
GBP/USD :
The level 1.62400 very important to determine the direction for the pair Sterling against the U.S. dollar , we expect today some of the volatility for the pair and if the four-hours candle closed below the level 1.62400 the fall become certain for the pair to the level 1.60600.
USD/JPY :
Our expectations for the pair U.S. dollar against Japanese Yen is bullish during the short term direction heading towards 88.000. It is vital to pay attention to the positive signs that are appearing through the stochastic that might push for some bullish corrections. The bearish short term wave requires the daily close below 93.500.
