This is Technical analysis daily and provided by specialists and analysts from FXCBS
Tuesday Jan 19, 2010
Previous session overview
The green currency declined against the royal pound and the Japanese yen in today's Asian session, the euro dollar pair is consolidating between 1.44139 levels and 1.43783 levels, recording a high of 1.44139 and a low of 1.43788.
As for the pound dollar pair, it continued to rally recording a high of 1.64373 and a low of 1.63260, having the pair trading around 1.64197.
Finally, the dollar fell against the Japanese yen the pair recorded a low of 90.349 and a high of 90.775.
Market Expectations
EUR/USD :
We expect a bullish intraday direction that initially targets 1.45650 and mainly requires 1.43200 to remain intact with four-hour closing. The general trend is upside to the 1.45650.
GBP/USD :
We expect a bullish direction for the remainder of trades today. It is vital that the four-hour closing holds above 1.6335 for the expected bullish move to prevail. The general trend for today is upside to 1.64780.
USD/JPY :
We expect a bearish intraday direction targeting mainly 89.750 and require 92.250 to remain intact. The general trend today is to the downside to 89.750.
This is Technical analysis daily and provided by specialists and analysts from FXCBS
Wednesday Jan 20, 2010
Previous session overview
The euro dollar pair declined sharply recording a low of 1.41661 and a high of 1.42949, having the 16 nation's currency trading around 1.41992.
The pound dollar pair, it declined as well recording a low of 1.62744 and a high of 1.63705, having the royal currency trading around 1.62778.
Finally, the dollar yen pair is consolidating between 91.359 and 90.881 recording a low of 90.880 and a high of 91.359, while the pair is currently trading around 90.912.
Market Expectations
EUR/USD :
Euro against U.S dollar fell sharply at the beginning of the trading today, after it breakthrough the support point 1.42900 and closed four hours candle below it, we expect today more decline for the pair to the first target at 1.40500 then to the level 1.39650, with the possibility of some volatility in price before this decline to get rid its saturation in selling process, which That emerge from the Stochastic.
GBP/USD :
The pair sterling against the U.S. dollar also fell with the start of trading, approaching the central support level 1.63100, we expect this day more landing to the first target at the level 1.61650 then to the level 1.60450 , taking into our account the positive signals emerge from the stochastic indicator.
USD/JPY :
The dollar versus yen managed to breach resistance for the descending short term channel, we see that the expected direction for today is a bullish correction, but followed by the overall bearish direction continuing. Not that if 90.500 is breach it will cancel out the possibility of an expected bullish correction.
This is Technical analysis daily and provided by specialists and analysts from FXCBS
Thursday Jan 21, 2010
Previous session overview
The euro dollar pair slipped today recording a low of 1.40666 and a high of 1.41367, having the 16 nations' currency trading around 1.40802. The euro traded at a five months low yesterday and today it is extending declines.
The pound dollar pair, it declined as well to record a low of 1.61840 and a high of 1.63111, and the pair is currently trading around 1.61860.
Finally, the dollar gained against the Japanese yen recording a high of 91.719 and a low of 91.184, and the federal currency is currently trading around 91.722.
Market Expectations
EUR/USD :
The pair Euro against U.S dollar was approach to touching the support key at 1.40600 , which is very strong point , at this time Stochastic showing signs of saturation in selling process which may lead the pair to make correction to the level of 1.42450 before it continue declining to the level 1.38600.
GBP/USD :
The pair sterling against the U.S dollar breakthrough the main support point at 1.62400 after strong resistance above it , thus breakthrough opening the way for the pair to achieve a further drop to the level 1.60500 then to the 1.59450.
USD/JPY :
The dollar against yen succeeded in breaching pivotal resistance seen yesterday at 91.35 and head towards achieving the awaited bullish correction, we expect an overall bearish direction over an intraday building it base on 92.20 and head towards targets 91.20 and then 90.25. Keep in mind the importance of 93.05 to maintain chances of achieving these expectations.
This is Technical analysis daily and provided by specialists and analysts from FXCBS
Friday Jan 22, 2010
Previous session overview
The euro dollar pair inclined slightly recording a high of 1.41574 and a low of 1.40663, having the union currency trading around 1.41442.
The pound dollar pair, it is consolidating between 1.62800 and 1.61660 recording a low of 1.61667 and a high of 1.62844, while the pair is currently trading around 1.62762.
Finally, the dollar weakened against the Japanese yen recording a low of 89.781and a high of 90.540, and it is currently trading around 90.343.
Market Expectations
EUR/USD :
The support level 1.40600 for the Euro against U.S dollar seamed a very strong stand, which lead the pair to increase in corrective movement, the positive signals which was shown through Stochastic helped the pair to raise, we expect today that this corrective will continuo to the level 1.42000, but we must note that if the pair penetration the mentioned support level our expectation will be deleted.
GBP/USD :
The pair sterling against the U.S. dollar rose to 1.62701 to gain enough determination to support the continuation of the landing, we expect today's downside trend for a couple to targeted levels of 1.60450, and this expectation needs to close four hours candle below 1.62850.
USD/JPY :
The dollar against yen built a base on 91.900 to start the awaited bearish wave yesterday, meanwhile, momentum indicators are showing oversold signs that are forcing the pair to fluctuate before resuming the expected bearish direction over an intraday basis. The primary target is around 87.750, keeping in mind that trades must remain intact below 90.921 to maintain chances of achieving the expected descend.
This is Technical analysis daily and provided by specialists and analysts from FXCBS
Monday Jan 25, 2010
Previous session overview
The euro dollar inclined slightly recording a high of 1.41733 and a low of 1.41334, having the 16 nations' currency trading around 1.41371.
Regarding the pound dollar pair, it is consolidating between 1.61488 and 1.60881 recording a high of 1.61366 and a low of 1.60881, and the royal pound it currently trading around 1.61377.
Finally, the dollar yen pair is currently consolidating around 90.097 recording a high of 90.331 and a low of 89.8140.
Market Expectations
EUR/USD :
Pair the euro against the U.S. dollar has fallen sharply over the last week, touching the levels of 1.40200; Stochastic appears saturated in sales, which may lead the pair to make a corrective movement to the level of 1.43000 before returning to continue its decline to the new goals at 1.38650.
GBP/USD :
Pair sterling against the U.S. dollar has also dropped sharply during trading last week, achieving the lowest levels at 1.60770, we expect this decline will continuo this day toward the goal at 1.59250, and this expectation requires constant trading below 1.62400.
USD/JPY :
The dollar against the yen is still trading in a bearish channel, and we expect the downward will continue this day for a couple to the target levels of 88,350 initially and then 87,000, these expectations require stability of the daily closing below 92,000.
This is Technical analysis daily and provided by specialists and analysts from FXCBS
Tuesday Jan 26, 2010
Previous session overview
The euro dollar pair fell in the Asian session to record a low of 1.40718and a high of 1.41788, having the union currency trading around 1.41001.
As for the pound dollar pair, it declined slightly after yesterday's rally to record a low of 1.61914 and a high of 1.62676, having the royal currency trading around 1.62245.
Finally, the Japanese yen gained against the dollar to offset yesterday's drop and the pair recorded a low of 89.548 and a high of 90.547, while it is currently trading around 90.112.
Market Expectations
EUR/USD :
EUR fell against the U.S. dollar and breaking the support level at 1.41400 and tried to approach the key of the support level at 1.40500, and we expect a breakthrough for this level and orientation towards the target 1.39500, but before this happens we may see some fluctuation of the price.
GBP/USD :
Sterling against the U.S. dollar based on the resistance level at 1.62500, we can see negative signals through stochastic indicator which make us expect today a decline in the price to the level 1.60600.
USD/JPY :
The pair breached the secondary support nearing the initial target at 89.000 we expect a downside intraday move today targeting the support level at 88.800 which requires trading to remain below 90.600.
This is Technical analysis daily and provided by specialists and analysts from FXCBS
Wednesday Jan 27, 2010
Previous session overview
The euro dollar pair is consolidating between 1.40962 levels and 1.40402 levels, having the union currency trading around 1.40552.
Regarding the pound dollar pair, continued taking a downside today recording a low of 1.61086 and a high of 1.61600, while the royal currency is currently trading around 1.61418.
Finally, the Japanese yen continued to rally against its American counterpart, and the pair recorded a low of 89.136 and a high of 89.720, while it is currently trading around 89.389.
Market Expectations
EUR/USD :
The pair Euro against the U.S dollar still have negative pressure which push the pair to landing , but the support level at 1.40500 still also strong and have powerful from the positive signals which come through Stochastic indicator , the penetration of this level open the way for the pair to fall to the level 1.38450.
GBP/USD :
We expect today for the pair Sterling against the U.S down trend begins after breakthrough the support level at 1.60600 to the initially target 1.60000 then further to 1.59250 , steady trading below 1.62800 is a necessary condition to achieve this expectation.
USD/JPY :
Stochastic appears saturated in sales, which may lead the pair to some volatility and small correction to the level 89.900 before continues its landing to the target level at 87.450.
This is Technical analysis daily and provided by specialists and analysts from FXCBS
Thursday Jan 28, 2010
Previous session overview
The euro dollar pair fell to record a low of 1.39335 and a high of 1.40500, having the union currency trading around 1.40490.
The pound dollar pair is consolidating between 1.62800 levels and 1.61300 levels recording a low of 1.61355 and a high of 1.62754, while the royal pound is currently trading around 1.62633.
Finally, the dollar gained against the Japanese yen to record a high of 90.540and a low of 89.877, having the pair currently trading around 90.371.
Market Expectations
EUR/USD :
EUR fell against the U.S. dollar at the beginning of trading for the day to achieve the lowest price at 1.39335 after it breakthrough the central support level at 1.40500, Stochastic shows signs of saturation in the sales process, which could push the pair to make corrective move upwards.
GBP/USD :
The pair sterling against the U.S. dollar has rose to 1.6275, Stochastic appears saturated in the procurement process which may lead the pair to fall again, and the pair now stands close to the resistance level at1.6280 which is the main point’s resistance.
USD/JPY :
We expect today that the pair the U.S. dollar against the Japanese yen will enter the wave of down trend to test the levels of around 89.80 and we could see some volatility of the price before reaching that level
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