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Technical analysis FXCBS

Technical Analysis 4/05/2010 of FXCBS

Tuesday May 4 , 2010

Previous session overview

The euro dollar pair is consolidating in a narrow range in the Asian session between the 1.32200 levels and 1.31718 levels recording a high of 1.32135 and a low of 1.31718.

Regarding the pound dollar pair, it rose slightly in the Asian session recording a high of 1.52647 and a low of 1.52124, having the royal currency trading around 1.52205.

Finally, the dollar continued to gain against the Japanese yen recording a high of 94.982 and a low of 94.525, while the pair is currently trading around 94.873.

Market Expectations


EUR/USD :The pair Euro against U.S. dollar fluctuated around the support level at 1.31900 since yesterday determined indicators show positive signs, which lead us to expect a bullish trend today for the pair to the level of 1.33500 then to the level of 1.3395; these expectations require stability of trading above the level of 1.31520.

EURUSD.gif




GBP/USD
:Mixed trading for the pair sterling against the U.S. dollar, and mixed determined indicators, therefore we advise to monitor trading today and watch any breach to the support level at 1.52250 or any breach to resistance level at 1.52650 to determine the direction today.

GBPUSD.gif



USD/JPY
:The pair U.S. dollar against the Japanese Yen breakthrough the resistance level 94.850. Determined indicators show negative signs which may cause some volatility and downward correction before continuing a trip aimed at boarding 95.450.

USDJPY.gif



Senior Analyst / Ali Hasan /FXCBS

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Technical Analysis 5/05/2010 of FXCBS

Wednesday May 5 , 2010

Previous session overview

The euro dollar pair declined in today's Asian session to record a low of 1.29362 and a high of 1.29919, having the union currency trading around 1.29662.

Regarding the pound dollar pair, it fell slightly recording a low of 1.51067 and a high of 1.51542, having the royal currency trading around 1.51380.

Finally, the dollar yen pair is trading between a high of 94.908 and a low of 94.532, while the pair is currently trading around 94.792.

Market Expectations

EUR/USD
:The pair Euro against U.S. dollar fell down and approached the levels of 1.29000, determined indicators may lead the pair to make a simple corrective movement breakthrough the resistance point at 1.30950 will cancel the down movement and lead the pair to raise again

EURUSD.gif




GBP/USD :Today, we expect a decline for the pair sterling against the U.S. dollar to the support level at 1.50750 and then to the target of 1.50000, stability of trading below the level of 1.51650 is necessary to achieve these expectations.



GBPUSD.gif


USD/JPY :Momentum indicators are causing negative pressure on the pair as price is traded below the support level of 94.800. Signs of a bearish pattern are shown above with neckline at 94.450 we advice to monitor the price today before enter it.

USDJPY.gif


Senior Analyst / Ali Hasan /FXCBS

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Technical Analysis 6/05/2010 of FXCBS

Thursday May 6 , 2010

Previous session overview

The euro against the U.S. dollar traded in a narrow range during the Asian session between the highest at 1.28568 and the lowest at 1.27650. Now the pair is trading around the 1.27760.

The pound against the U.S. dollar also traded in a narrow range during the Asian session between the higher of 1.51475 and the lower of 1.50558. Now the pair is trading around the 1.50683.

The dollar against yen traded between the highest of 93.96 and the lowest of 93.62. Now the pair is trading around 93.93

Market Expectations


EUR/USD
:The negative pressure continued on the pair euro against U.S. dollar, determined indicators may push the pair to make a small correction then back to continuo the decline trip to the target 1.27170 then to the 1.26560, stability of trading below the level of 1.29950 necessary to achieve these expectations.

EURUSD.gif



GBP/USD :We expect today for the pair sterling against the U.S. dollar a corrective movement to the level of 1.51700 the back to decline to the target of 1.4980, stability of trading below the level of 1.51700 necessary to achieve these expectations.

GBPUSD.gif



USD/JPY :The pair U.S. dollar against the Japanese yen did breakthrough the support level of the bullish channel the price stabilized below the moving average 50 encourages us to predict the direction of the downtrend today aimed at the levels of 92.900

USDJPY.gif


Senior Analyst / Ali Hasan /FXCBS

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Technical Analysis 7/05/2010 of FXCBS

Friday May 7 , 2010

Previous session overview

The pair Euro against the U.S. dollar fell during the Asian session to the level of 1.25857 which was the lowest price until now , the highest level was at 1.27361, while the pair trading now around the level of 1.26874.

The pound against the U.S. dollar also fell strongly to achieve the lowest price at 1.45590; the highest level was at 1.49355, the pair trading now around the level of 1.47044.

Finally the pair U.S. dollar against the Japanese Yen fell also to the lowest level at 90.008 , while the highest level was at 92.775 , the pair trading now around the level of 92.360.

Market Expectations

EUR/USD :EUR fell sharply against the U.S. dollar yesterday, determined Indicators for the pair may lead it for a corrective movement towards the level of 1.27850, The negative pressure is still controlling on the trading pair, But according to the natural circulation is supposed that the pair should bounce back to levels of 1.31850 at the level of 61.8% Fibonacci, we Advised to monitor the trading range today very well.


EURUSD.gif


GBP/USD
:We expect today for the pair sterling against the U.S. dollar a decline again to the support level at 1.46150, these expectation require a close four hours candlestick and stability of trading below the resistance level at 1.48650.

GBPUSD.gif



USD/JPY :The pair managed to achieve a sharp drop yesterday for about 600 points, whereas we see that the bullish correction, But in general downward trend is still controlled the trading pair we expect that the pair back to test the level of 90.000 again today

USDJPY.gif


Senior Analyst / Ali Hasan /FXCBS

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Technical Analysis 10/05/2010 of FXCBS

Monday May 10 , 2010

Previous session overview

The euro dollar pair inclined in the Asian session recording a high of 1.29682 and a low of 1.28072, having the union currency trading around 1.29584.

Regarding the pound dollar pair, it rose in the Asian session recording a high of 1.49066 and a low of 1.4761, having the royal currency trading around 1.48848.

Finally, the dollar gained against the Japanese yen recording a high of 92.891 and a low of 91.684, while the pair is currently trading around 92.862.

Market Expectations

EUR/USD
:The trading on the pair Euro against the U.S. dollar opened with price gap at the beginning of trading of this week, we expect more uptrend correction today to the level of 1.30950 at the 61.8% Fibonacci, determined indicators support these expectations, stability of trading above the level of 1.28090 necessary to achieve these expectations.

EURUSD.gif



GBP/USD :The pair Sterling against the U.S. dollar making a corrective movement with the beginning of the trading this week, we expect that this corrective movement will reach the level of 23.6% Fibonacci around the level of 1.50300, determined indicators support our expectations.

GBPUSD.gif



USD/JPY :etermined indicators and positive upward channel for the pair of U.S. dollar against the Japanese Yen lead us to expect an upward trend today to the target of 94.000; these expectations require stability of trading above the level of 90.850.

USDJPY.gif


Senior Analyst / Ali Hasan /FXCBS

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Technical Analysis 11/05/2010 of FXCBS

11 May 2010

Previous session overview

The euro dollar pair is consolidating between 1.28050 levels and 1.27000 levels recording a high of 1.28030 and a low of 1.27064, while the pair is currently trading around 1.27230.

Regarding the pound dollar pair, it fell slightly recording a low of 1.47765 and a high of 1.48733, having the royal currency trading around 1.48047.

Finally, the dollar yen pair declined in the Asian session recording a low of 92.541 and a high of 93.387, having the pair currently trading around 92.621.

Market Expectations

EUR/USD :The pair Euro against the U.S. dollar covers the gap that had shown previously, More negative pressure is expected despite of the positive signs appearing through determined indicators so we expect a decline for the pair to the level of 1.26180.

EURUSD.gif



GBP/USD :The level of 1.50300 for the pair sterling against the U.S. dollar shown a strong resistance yesterday leads the pair to decline to the level of 1.47600, we expect today that the pair will retest the resistance level at 1.48650 before continuo its decline to the level of 1.46380.

GBPUSD.gif



USD/JPY :We expect a bearish intraday trend, supported by the negative signs appearing on momentum indicators; where the expected key target is at 90.650 and requires the daily closing to be below 93.350 to prevail.

USDJPY.gif


Senior Analyst / Ali Hasan /FXCBS

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Technical Analysis 12/05/2010 of FXCBS

Wednesday May 12 , 2010

Previous session overview


The euro dollar pair fell in the Asian session recording a low of 1.26053 and a high of 1.26681, having the union currency trading around 1.26286.

Regarding the pound dollar pair, it dropped in the Asian session recording a low of 1.48607 and a high of 1.49715, having the royal currency trading around 1.48909.

Finally, the American dollar fell against the yen for the second straight day recording a low of 92.442 and a high of 92.932, and the pair is currently trading around 92.609.

Market Expectations

EUR/USD
: We expect today a declining for the pair Euro against the U.S. dollar to start with breakthrough for the support level at 1.26000, which will lead the pair to fall to the level of 1.25180 then 1.24320, stability of trading below the resistance level at 1.27970 is necessary to achieve these expectations.


EURUSD.gif


GBP/USD : Determined indicators are close to saturation levels in the procurement process for the pair sterling against the U.S. dollar, which may lead the pair to fall to the level of 1.46600, this decline will start after breakthrough of the support level at 1.48060.


GBPUSD.gif


USD/JPY : The support level of 92.30 is maintaining its stance in front of the pair's attempts to descend, so we expect a fraction for this level will leads the pair to the level of 91.450 stability of trading below the level of 93.00 necessary to achieve that.


USDJPY.gif



Senior Analyst / Ali Hasan /FXCBS

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Technical Analysis 13/05/2010 of FXCBS

Thursday May 13 , 20

Previous session overview

The pair Euro against the U.S. Dollar during the Asian trading between the highest price at 1.26820 and the lowest price at 1.26112, the pair trading now around the level 1.26807.

The pair sterling against the U.S. dollar traded between 1.48842 at the highest price and lowest price at 1.48152, the pair now trading around the levels of 1.48777.

The pair U.S. dollar against the Japanese yen traded during Asian session between the highest price at 93.426 and lowest price at 93.074, the pair trading now around the levels of 93.390.

Market Expectations

EUR/USD : The constant of the support level at 1.26000 for the couples Euro against the U.S. dollar with the impact of the determined indicators lead us to expect today an upward trend tore- test again the resistance level at 1.27900, continuation of a constant for the support level necessary to achieve this expectation.

EURUSD.gif



GBP/USD :The pair sterling against the U.S. dollar is fluctuating once again close to the support level 1.4810, determined indicators show that the pair is overbought areas, so we expect a downtrend today to the targets of 1.46380.

GBPUSD.gif



USD/JPY :The pair fluctuating close to pivotal resistance 93.450 and determined indicators are showing negative signs, so we expect a decline for the pair to the level of 92.350 then to the target of 91.780.

USDJPY.gif


Senior Analyst / Ali Hasan /FXCBS

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


 

Live Forex Chart

Currency
Rates
EUR / USD
1.12189
USD / JPY
157.634
GBP / USD
1.31853
USD / CHF
0.83138
USD / CAD
1.42549
EUR / JPY
177.062
AUD / USD
0.69111
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