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Technical analysis FXCBS

Technical Analysis 29/03/2010 of FXCBS

Monday March 29 , 2010

Previous session overview

The euro dollar pair declined in the Asian session recording a low of 1.34187 and a high of 1.34898, having the union currency trading around 1.34421.

Regarding the pound dollar pair, it fell slightly recording a low of 1.48919 and a high of 1.49621, having the royal currency trading around 1.49464.

Finally, the dollar yen pair is consolidating between a high of 92.785 and a low of 92.345, while the pair is currently trading around 92.610.

Market Expectations


EUR/USD :Today we expect a downward trend for the pair euro against the U.S. dollar to the target level of 1.32250, Stochastic indicator supports our expectations today , which is approaching saturation levels in the procurement process. The stability of trading below 1.35800 is necessary to achieve these expectations.

EURUSD.gif


GBP/USD :We are still waiting for a pair sterling against the U.S. dollar to supplement the corrective movement initiated by the end of last week, And wait for contact with the resistance level at 1.50000, And then back down to the support level at 1.47800, In the event that the pair penetrates this level it will move to the new goals at 1.46650 then 1.45950.

GBPUSD.gif


USD/JPY :We expect a bullish direction for this week; main targets start at 93.500 then 94.100. Keep in mind that this expected ascend will remain intact if we do not witness a closing below 91.000.


USDJPY.gif



Senior Analyst / Ali Hasan /FXCBS

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Technical Analysis 30/03/2010 of FXCBS

Tuesday March 30 , 2010

Previous session overview

The euro dollar pair has risen in the Asian session recording a high of 1.35282 and a low of 1.34700, having the union currency trading around 1.35212.

The pound dollar pair recorded a low of 1.49739 and a high of 1.50556, having the royal currency trading around 1.50435.

Finally, the dollar yen pair is consolidating between a high of 92.639 and a low of 92.124, while the pair is currently trading around 92.610.

Market Expectations

EUR/USD
:Stochastic appears saturated in the procurement process for the pair euro against the U.S. dollar, we expect that the pair will senses the level of resistance and 1.35400, which exists near the moving average 100, and then turn down towards to achieve a goals of 1.34400 and then 1.33500.

EURUSD.gif



GBP/USD
:Today, we expect a decline for a couple of sterling against the U.S. dollar to the goals of 1.49350 and then to the level of 1.48250, determined indicators are close to saturation in the procurement process, the stability of trading below 1.51000 is necessary to achieve our expectations .

GBPUSD.gif



USD/JPY
:Stochastic entering oversold areas so we expect a bullish direction over an intraday basis heading towards 93.30 then 94.00. The breach of 91.50 will weaken chances of achieving bullish expectations for today.

USDJPY.gif


Senior Analyst / Ali Hasan /FXCBS

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Technical Analysis

Wednesday March 31 , 2010

Previous session overview

The euro dollar pair traded in a narrow range during the Asian session recording a high of 1.34380 and a low of 1.33842, having the union currency trading around 1.34077.

The pound dollar pair recorded a low of 1.50570 and a high of 1.50996, having the royal currency trading around 1.50755.

Finally, the dollar yen pair is recorded a high of 93.600 and a low of 92.752, while the pair is currently trading around 93.222.

Market Expectations

EUR/USD :Bullish determined signals by the Stochastic could push the pair euro against the U.S. dollar to rise slightly towards to the resistance level at 1.34500 to retest it , and then detour down to achieve the targets 1.33350 then 1.33050.

EURUSD.gif


GBP/USD :We commit ourselves to neutrality today for the pair Sterling against U.S. dollar and watching the penetration for the support level at 1.50450 or penetration for the resistance level at 1.51250.

GBPUSD.gif



USD/JPY :We expected bullish intraday trend that will target first mentioned resistance, which will pave the way to the main upcoming target at 94.050. Chances of achieving this scenario will remain intact if we do not witness the four-hour closing below 92.500.


USDJPY.gif



Senior Analyst / Ali Hasan /FXCBS

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Technical Analysis 1/04/2010 of FXCBS

Thursday April 1 , 2010

Previous session overview

The Euro Dollar rose during today’s trading (Asia session) where the pair rebounded to the upside to set a high of 1.35612 and low of 1.34813as it’s now trading at 1.34887.

The British Pound also managed to rise against the U.S. dollar, where the pair rebounded to set a record high of 1.52398 and low of 1.51678 as it’s now trading at 1.51985.

Finally, the U.S. dollar extended its gains against the Japanese Yen, where the pair low of 93.279 and rebound from that level to set the highest level for today at 93.679 as the pair is now trading at 93.674.

Market Expectations

EUR/USD :Today, we expect a decline for the pair euro against the U.S. dollar targeted at 1.34200 and then 1.33800, Stochastic and the RSI supports our expectations for the decline, trading below the level of 1.36100 is necessary to achieve these expectations.

EURUSD.gif



GBP/USD :Today, we expect a decline for the pair sterling against the U.S. dollar to re-examine the support level at 1.50440, stochastic supports these expectations, the stability of trading below the 1.52750 is necessary to achieve these expectations.

GBPUSD.gif


USD/JPY :The pair continues to fluctuate around the resistance line for the ascending channel some awaited bearish correction to get rid of the negative momentum appearing, followed by a reversal in trading and through it a bullish direction over intraday can be expected, targeting 94.450 initially. It is vital that the four-hour closing remains above 92.550 for expectations to prevail.

USDJPY.gif



Senior Analyst / Ali Hasan /FXCBS

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Technical Analysis 2/04/2010 of FXCBS

Friday April 2 , 2010

Previous session overview


The euro reached the highest yesterday at 1.35900 only to reverse from this level and to start a slight decline in today's Asian session recording a low of 1.35536 and a high of 1.35905.

Pound against the dollar started a slight decline in the Asian session. The pair recorded a high of 1.52958 and a low of 1.52509.

Finally, the dollar yen pair continued to incline recording the highest in seven months, the pair recorded the highest during the Asian session at 94.055 and a low of 93.66.

Market Expectations

EUR/USD :Narrow trading range for the pair the euro against the U.S. dollar today as the Good Friday holiday, determined indicators show negative signs may pay the price to a simple slide and begin after penetration level of support 1.35600.

EURUSD.gif


GBP/USD
:etermined indicators show negative signs for the pair sterling against U.S dollar, which makes us expect a decline for the pair to the level of 1.52000.

GBPUSD.gif


USD/JPY :The correction is urgently needed to relieve the indicators, followed by resuming the possible predicted bullishness over intraday basis, targeting 95.000.

USDJPY.gif




Senior Analyst / Ali Hasan /FXCBS

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Technical Analysis 5/04/2010 of FXCBS

Monday April 5 , 2010

Previous session overview

The pair EUR against the U.S. dollar has been trading between the resistance level at 1.35650 and the support level at 1.34500, while showing some signs of negative for indicators of relative strength, but we postpone resolving the trend today until we see a breakthrough of one of these levels.

Today, we expect a correction downward for the pair sterling against the U.S. dollar to the level of 23.8% Fibonacci at the level of 1.51650 followed by a turn towards the top to the targets of 1.53250 and then 1.53800.

We expected some fluctuation and minor bearish correction to retest the level of 93.700, then resume the expected bullish direction for this day; to the key targets are around 95.620.

Market Expectations


EUR/USD :Narrow trading range for the pair the euro against the U.S. dollar today as the Good Friday holiday, determined indicators show negative signs may pay the price to a simple slide and begin after penetration level of support 1.35600.

EURUSD.gif


GBP/USD
: etermined indicators show negative signs for the pair sterling against U.S dollar, which makes us expect a decline for the pair to the level of 1.52000.

GBPUSD.gif


USD/JPY :The correction is urgently needed to relieve the indicators, followed by resuming the possible predicted bullishness over intraday basis, targeting 95.000.

USDJPY.gif


Senior Analyst / Ali Hasan /FXCBS

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Technical Analysis 6/04/2010 of FXCBS

Tuesday April 6 , 2010

Previous session overview

The Euro fell against the U.S. dollar in today’s trading, where the pair opened today’s trading at 1.3492 and achieve the highest at 1.34962 then set a low of 1.34136, the pair trading now around 1.34181.

The British Pound also fell against the U.S. dollar in today’s trading, where the pair opened today’s session at 1.52580 to set a low of 1.52109 and the highest at 1.53054 while currently trading at 1.52109.

Finally, the U.S. dollar against the Japanese Yen achieve the highest at 94.378 , and the lowest at 93.883 , where the pair trading now around the level of 94.068.

Market Expectations

EUR/USD :The pair euro against the U.S. dollar breakthrough the support level at1.34650, and decline to the level of 1.34136, we expect today a further drop to the target level at 1.33300.

EURUSD.gif


GBP/USD :Today, we expect that the pair of sterling against the U.S. dollar will fluctuate around the level of 1.52000 before declining to the key support level at 1.51250, in the event of a breakthrough this point would move towards the new goals at the level of 1.50600.

GBPUSD.gif


USD/JPY :Today, we expect the pair dollar against the Japanese yen to do a corrective move downward to the level of 93.550, and then reverse to the level of 94.800, Stochastic supports these expectations.

USDJPY.gif


Senior Analyst / Ali Hasan /FXCBS

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Technical Analysis 7/04/2010 of FXCBS

Wednesday April 7 , 2010

Previous session overview


The Euro fell against the U.S. dollar in today’s trading, where the pair opened today’s trading at 1.34050 and achieve the highest at 1.34083 then set a low of 1.33590, the pair trading now around 1.33669.

The British Pound also rose against the U.S. dollar in today’s trading, where the pair opened today’s session at 1.52330 to set a low of 1.52273 and the highest at 1.52743 while currently trading at 1.52349.

Finally, the U.S. dollar against the Japanese Yen achieve the highest at 94.265 , and the lowest at 93.557 , where the pair trading now around the level of 94.029.

Market Expectations


EUR/USD :We expect more bearish movement over the intraday basis. Upcoming targets are 1.3270, and there are chances of a bullish intraday rebound could appear if pivotal resistance levels between 1.3410 – 1.3460 are not breached.

EURUSD.gif


GBP/USD :We expect a direction bullish for today and targets around 1.53850, this expectation requires a constant trading above the support level at 1.51250.

GBPUSD.gif


USD/JPY :Bullish momentum appearing on Stochastic for the pair U.S. dollar against Japanese Yen , so we expect a bullish trend for today where its targets start at 94.700.

USDJPY.gif


Senior Analyst / Ali Hasan /FXCBS

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


 

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