This is Technical analysis daily provided by specialists and analysts In FXCBS
Wednesday February 24 , 2010
Previous session overview
The euro dollar pair recorded a high of 1.35509 and a low of 1.35018, having the union currency trading around 1.35320.
The pound dollar pair consolidated in the Asian session, the pair recorded a high of 1.54640 and a low of 1.54178.
The dollar yen pair recorded a low of 90.092 and a high of 90.355, while the pair is currently trading around 90.229.
Market Expectations
EUR/USD :
We expect today a decline for the pair Euro against U.S dollar to achieve anew target at the level 1.33800, this decline will start after breakthrough the support level at 1.34840 , and these expectations require stability of trading below 1.35850.
GBP/USD :
The pair Sterling against U.S dollar still fluctuates near the resistance level at 1.54450; we must wait closing for the four hours candle below this level to say that the pair will decline to achieve new goals at 1.53120 and 1.52000.
USD/JPY :
we expect a bearish intraday trend; targeting 89.500 then 88.920. Keep in mind that the breach of 90.650 weakens the expected bearish direction.
This is Technical analysis daily provided by specialists and analysts In FXCBS
Thursday February 25 , 2010
Previous session overview
The euro dollar pair decline slightly recording a low of 1.34509 and a high of 1.35479, having the 16 nation's currency trading around 1.34646.
As for the pound dollar pair, decline too in the Asian session for the second straight day recording a low of 1.53220 and a high of 1.542151, having the royal currency trading around 1.53277.
Finally, the American dollar continued to weaken against the Japanese yen, and the pair recorded a low of 89.401 and a high of 90.317, it is currently trading around 89.439.
Market Expectations
EUR/USD :
The pair Euro against U.S dollar closed yesterday below the resistance level at 1.35750prompting the pair to decline, we expect a further drop today aimed at the level of 1.33250 with the need for attention to the possibility of a corrective movement to the level 1.35200.
GBP/USD :
Stable of trading below the resistance level at 1.54450 for a couple of sterling against the U.S. dollar yesterday brought the pair to land ,and we expect a further drop today aimed at areas 1.52000, with the possibility to re-test the resistance level broken 1.53930.
USD/JPY :
We expect a bearish intraday trend; targeting 88.150 then 87.700. Keep in mind that the breach of 90.650 weakens the expected bearish direction.
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This is Technical analysis daily provided by specialists and analysts In FXCBS
Friday February 26 , 2010
Previous session overview
The European currency recorded its highest level during the Asian session at 1.36035 and recorded a low at 1.35300, the pair trading now around the level 1.35705.
The British pound tried to rise in the Asian session after the greatest decline against the US dollar yesterday, recorded a highest at 1.52946, and the lowest was at 1.52331, the pair is trading now around the level 1.52749.
The US dollar fell against the Japanese Yen yesterday to near the level of 88.900 recorded the highest level at 89.502 and currently trading at 89.333 and it has recorded the lowest level in the Asian session at 89.084.
Market Expectations
EUR/USD :
We expect today upward trading begins after breaching the resistance level at 1.35850 and the aim at the level 1.38300, these expectations requires stable for trading above the level of 1.35100.
GBP/USD :
We expect an upward trend for today's potential first the pivotal resistance level at 1.53500 and then go for the next major objective at 1.54450 , these expectations requires the stability of the trading above the level of1.51700.
USD/JPY :
We expect today a bearish intraday direction targets are at 88.880 then 88.200. Keep in mind the importance of the four hours remaining below 90.320 to maintain chances of achieving these expectations.
This is Technical analysis daily provided by specialists and analysts In FXCBS
Monday March 1 , 2010
Previous session overview
The euro dollar pair declined to record a low of 1.35856 and a high of 1.36504, while it is currently trading around 1.36254.
Regarding the pound dollar pair, it declined as well to record a low of 1.50963 and a high of 1.52031, having the royal currency trading around 1.51600.
Finally, the dollar gained against the Japanese yen after the pair declined sharply last week as traders targeted the low yielding yen. The pair recoded a low of 88.810 and a high of 89.364.
Market Expectations
EUR/USD :
The determined Indicators forthe pair euro against the U.S. dollar appears saturated in the procurement process, so we expect a downward trend for the pair to the level 1.34650 and then to the level of 1.33800.
GBP/USD :
Sterling against the U.S. dollar has fallen sharply with the start of trading today, but we are now waiting a corrective move upward for the pair before continuing decline towards to the new goals.
USD/JPY :
the dollar against the yen Facing strong support levels at the 88,200, determined indicators show signs positive reaction may push the price upward before continuing downward spiral toward to the targets of 87,000 and then 86,450.
The pound tumbled heavily in markets against the U.S dollar, since polls revealed that the United Kingdom might have had a hard time narrowing their budget deficit, which therefore might weigh on growth prospects. The Sterling against U.S dollar is currently traded at 1.48801 between the support of 1.48500 and the resistance of 1.49650, while recording a high of 1.52031 and a low of 1.47805. Stochastic indicators for one hours candle show oversold area while there is low volume in the markets.
This is Technical analysis daily provided by specialists and analysts In FXCBS Tuesday March 2 , 2010
Previous session overview
The euro dollar pair declined to record a low of 1.35044 and a high of 1.35766, while it is currently trading around 1.35104.
Regarding the pound dollar pair, it declined as well to record a low of 1.48510 and a high of 1.49981, having the royal currency trading around 1.48627.
Finally, the dollar gained against the Japanese yen after the pair declined sharply last week as traders targeted the low yielding yen. The pair recoded a low of 89.073 and a high of 89.369.
Market Expectations
EUR/USD :
We expect Today a decline for a couple of the euro against the U.S. dollar first re-designed to test the support, level at 1.34850 then 1.34190 ,In the case of penetration of these levels go towards new goals to the level of1.33250.
GBP/USD :
Stochastic indicators show negative signs for a couple of sterling against the U.S. dollar, which makes us expect a downward trend today for the pair to test again the level of 1.47800.
USD/JPY :
We expect a downward trend for a couple of the U.S. dollar against the Japanese yen today resides on the main objectives of 88.200. Wave short-term downside require the closure of four hours below the level 90.300.
The pair Euro against U.S dollar traded in a narrow range slant upward during the Asian period, the highest price was at 1.36545 and the lowest price at 1.36056, the pair trade now around the level of 1.36190.
Sterling against Dollar also traded in narrow range during the Asian section between high price at 1.50758 and low price at 1.49583, the pair now trading around 1.50050.
Finally, the dollar gained against the Japanese yen, the pair recoded a low of 88.470 and a high of 88.949. The pair trading now at 88.835
Market Expectations
EUR/USD :The euro against the U.S. dollar Try to penetration resistance level at 1.36550, but bounced back quickly, which leads us to expect that the correction to the recent wave has been completed, and therefore we expect today's down for a couple to the targets 1.34400 , these expectations requires a breakthrough for the support level at 1.35850.
GBP/USD : The pair Sterling against the U.S. dollar has a touch with the resistance level of 1.50700 then Recoil, we expect today's down for a couple to the support target at 1.48500.
USD/JPY : We expect a possible bearish intraday direction; targets start at 88.220 then 87.650. The bearish short term wave will prevail if 90.000 remain intact.
The euro dollar pair fell slightly after tow days of gains to record a low of 1.36331 and a high of 1.37124, having the union currency trading around 1.36502.
Regarding the pound dollar pair, it is consolidating between a high of 1.51068 and a low of 1.50221, having the royal currency trading around 1.50327.
Finally, the dollar fell slightly against the Japanese yen to record a low of 88.136 and a high of 88.629, having the pair trading around 88.424.
Market Expectations
EUR/USD :
The pair Euro against the dollar rose yesterday after it penetrated the resistance level at 1.36550, the pair completed the corrective movement as we expect , and we expect that the pair should be return to land again, these expectation requires closure of a candle one hour below the level of 1.36550. We must note the Economic data that will issue from Euro Zone about Minimum Bid Rate.
GBP/USD :
Sterling against the U.S. dollar Succeeded to achieving the 61.8% Fibonacci at 1.51300 for the last decline, we expect today on a downward trend for a couple to first target level at 1.49600 then to the level 1.48800, these expectations requires closure candle four hours below the level of 1.50500. We must note the Economic data that will issue from United Kingdom about Official Bank Rate.
USD/JPY :
We expect today for the pair U.S dollar against the Japanese Yen a bearish direction prevailing over an intraday basis; main targets start at 87.660 then 86.800. Chances of achieving this bearish direction will remain intact if the four-hour closing remains below 90.000.
The bearish channel which started since the first of December 2008 at the levels of 1.51400 and reached the bottom at 1.34350, confirms that the decline is still in place for the pair euro against the U.S. dollar to close at 1.3000 Initially, the resistance levels of 1.37350 and 1.38000 are very important to confirm our expectations, it should not be penetrated it to keep our expectations of the pair to descend further to our targets.
