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Technical analysis FXCBS

Technical Analysis 2/08/2010 FXCBS

Monday August 2 , 2010

Previous session overview


The pair Euro against the U.S. dollar traded during the Asia session between the lowest level at 1.30000 and the highest level at 1.30880, the pair trading now around the level of 1.30875.

Regarding to the pair Sterling against the U.S. dollar it’s traded during the Asia session between the lowest level at 1.56955 and the highest level at 1.57417 , while the pair trading now around the level of 1.57382.

Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 86.285 and the highest level at 86.710 , the pair trading now around the level of 86.544.

Market Expectations

EUR/USD : etermined indicators show negative sign for the pair Euro against the U.S. dollar may lead the pair to decline to retest the level of 1.299500 which is represented 61.8% Fibonacci before it can continuo it’s raising , stability of these level necessary to achieve these expectations.

EURUSD.gif


GBP/USD : etermined indicators show negative sign which may lead the pair to decline to the level 1.54400 today, stability of the trading below the level of 1.57500 necessary to achieve these expectations.

GBPUSD.gif


USD/JPY : The pair U.S dollar against the Japanese yen stabilized below the main resistance at 86.600, determined indicators show positive signals that might cause fluctuations around that level today, so we should monitor the price today before take any position

USDJPY.gif


Senior Analyst / Ali Hasan /FXCBS

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Technical Analysis 3/08/2010 FXCBS

Tuesday August 3 , 2010

Previous session overview


The pair Euro against the U.S. dollar traded in a narrow range during the Asia session between the lowest level at 1.31478 and the highest level at 1.31848, the pair trading now around the level of 1.31499.

Regarding to the pair sterling against the U.S. dollar also traded in a narrow range during the Asia session between the lowest level at 1.58615 and the highest level at 1.58994, the pair trading now around the level of 1.5858.

Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 86.281 and the highest level at 86.653 , while the pair trading now around the level of 86.501.

Market Expectations

EUR/USD : We expect today a decline for the pair Euro against the U.S. dollar to the level of 1.30950 , determined indicators show negative sign which is support our expectations , after that the pair will continuo it’s raising to the level of 1.32450 , stability of the trading above the level of 1.30950 necessary to achieve these expectations .

EURUSD.gif


GBP/USD : We expect that the pair Sterling against the U.S. dollar will make a corrective movement during the trading today to the level of 1.58300 and maybe more than this level , we advice to monitor the trading today until we can see a clear way for the pair .

GBPUSD.gif


USD/JPY : Stability for the pair U.S. dollar against the Japanese Yen below SMA 50 and the resistance level at 86.550 make us expect a bearish intraday direction that targets 85.850 then 85.000.

USDJPY.gif


Senior Analyst / Ali Hasan /FXCBS

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Technical Analysis 4/08/2010 FXCBS

Wednesday August 4 , 2010

Previous session overview

The pair Euro against the U.S. dollar traded between the highest level at 1.32395 and the lowest level at 1.31833 , the pair trading now around the level of 1.32040.

Regarding to the pair sterling against the U.S. dollar also traded between the highest level at 1.59634 and the lowest level at 1.58917 , the pair trading now around the level of 1.59332.

Finally the pair U.S. dollar against the Japanese Yen traded between the lowest level at 85.325 and the highest level 85.905, the pair trading around the level of 85.771.

Market Expectations

EUR/USD : etermined indicators for the pair Euro against the U.S. dollar showing negative sign which may cause a decline for the pair to the level of 1.31150 which will start after the pair can breakthrough the level of 1.31850, stability of the trading below the level of 1.32940 necessary to achieve these expectations.

EURUSD.gif


GBP/USD
: We expect today a decline for the pair Sterling against the U.S. dollar to the level of 1.58000 in a corrective movement, stability of the trading below the level of 1.59950 necessary to achieve these expectations.

GBPUSD.gif


USD/JPY
: The pair is trading within a narrow range since this morning, so we advice to monitor the trading today until we can get a clear expectations.

USDJPY.gif


Senior Analyst / Ali Hasan /FXCBS

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Technical Analysis 5/08/2010 FXCBS

Thursday August 5 , 2010

Previous session overview

The pair Euro against the U.S. dollar traded during the Asia session between the highest level at 1.31744 and the lowest level at 1.31191, and the highest level at 1.31744, the pair trading now around the level of 1.31456.

Regarding to the pair Sterling against the U.S. dollar traded during the Asia session between the lowest level at 1.58204 and the highest level 1.59095, the pair trading now around the level of 1.58387.

Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 86.015 and the highest level at 86.442 , the pair trading now around the level of 86.309.

Market Expectations

EUR/USD
: The level of 1.32450 was strong resistance lead the pair of Euro against the U.S. dollar to decline to the level 1.31260, we expect today more decline start after the pair can penetrate the level of 1.30850, determined indicators still show negative sign support our expectations.

EURUSD.gif


GBP/USD : We expect today more decline for the pair Sterling against the U.S. dollar to the level of 1.56890, these decline needs tow things first stability of the trading below the level of 1.58920 and penetration for the level 1.58000.

GBPUSD.gif


USD/JPY
: The pair U.S. dollar against the Japanese Yen makes an up corrective to the level 38.2% Fibonacci , today we expect a decline for the pair support by negative sign which show through stochastic indicators to the level of 85.230 .

USDJPY.gif


Senior Analyst / Ali Hasan /FXCBS

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Technical Analysis 12/08/2010 FXCBS

Thursday August 12 , 2010

Previous session overview

The pair Euro against the U.S. dollar traded during the Asia session between the lowest level at 1.28297 and the highest level at 1.29190, the pair trading now around the level of 1.28980.

The pair Sterling against the U.S. dollar traded during the Asia session between the lowest level at 1.56130 and the highest level at 1.57130, the pair trading now around the level of 1.56956.

Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 84.932 and the highest level at 85.474, the pair trading around the level of 85.343.

Market Expectations


EUR/USD
: We expect more declining for the pair Euro against the U.S. dollar to the level of 1.28300 which is represented 61.8% Fibonacci; if the pair can penetrate this level that mean the pair will achieve a new target at 1.27150 then 1.25890.

EURUSD.gif


GBP/USD : We expect for the pair Sterling against the U.S. dollar a decline to the level of 1.55900 then to the level of 1.55100, the determined indicators supporting our expectations.

GBPUSD.gif


USD/JPY : The bearish direction has been activated after rebounding towards levels near 85.300Our expectations remain intact and stabilizing below 85.000, which could cause more negative pressure on the pair.

USDJPY.gif


Senior Analyst / Ali Hasan /FXCBS

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Technical Analysis 16/08/2010 FXCBS

Monday August 16 , 2010

Previous session overview

The pair Euro against the U.S Dollar traded during the Asian session between the lowest level at 1.27335 and the highest level at 1.28308, while the pair is trading now around the level of 1.28244.

The pair Sterling against the U.S. dollar traded during the Asian session between the lowest level at 1.55338 and the highest level at 1.56362, the pair trading now around the level of 1.56250.

Finally the pair U.S. dollar against the Japanese Yen traded during the Asian session between the lowest level at 85.713 and the highest level at 86.226 , the pair trading now around the level of 85.922.

Market Expectations

EUR/USD
: We expect today a correction for the pair Euro against the U.S. dollar to the level 1.29080 then the pair will decline again to retest the support level at 1.27300, stability of the trading below the level of 1.29450 is necessary to achieve these expectations.

EURUSD.gif


GBP/USD : We advice our clients to monitor the price of the pair Sterling against the U.S. dollar today until it can take a clear direction determined indicators show mixed sign that make us advice that.

GBPUSD.gif


USD/JPY
: The Dollar Yen trading is hung between 23.6% and 38.2% Fibonacci correction, where this fluctuation is causing the pair to lose negative momentum appearing through the four hour candlestick we can expect a bullish trend to the level of 86.660.

USDJPY.gif


Senior Analyst / Ali Hasan /FXCBS

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Technical Analysis 17/08/2010 FXCBS

Tuesday August 17 , 2010

Previous session overview

The pair Euro against the U.S. dollar traded during the Asia session between the lowest level at 1.28041 and the highest level at 1.28653, the pair trading now around the level of 1.28455.

The pair Sterling against the U.S. dollar traded during the Asia session between the lowest level at 1.56367 and the highest level at 1.56953 , while the pair trading now around the level of 1.56658.

Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the highest level at 85.440 and the lowest level 85.113 , the pair trading now around the level of 85.225.

Market Expectations


EUR/USD : etermined indicators for the pair Euro against the U.S. dollar give us a negative sign, so we expect today a decline for the pair to the level 1.27300 then to the level 1.26840, stability of the trading below the level of 1.29080 necessary to achieve these expectations.

EURUSD.gif


GBP/USD
: etermined indicators for the pair Sterling against the U.S. dollar show negative sign , and the resistance point 1.56950 still stop in front of the pair so we expect today a decline for the pair to the level 1.56090 then to the level 1.55440 .

GBPUSD.gif


USD/JPY
: we expect a bullish intraday direction that requires two major factors; first, the breach of 86.220, second is building a base above 85.200. Stochastic is nearing oversold areas that play a vital role in supporting the expected bullish scenario.


USDJPY.gif


Senior Analyst / Ali Hasan /FXCBS

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Technical Analysis 18/08/2010 FXCBS

Wednesday August 18 , 2010

Previous session overview

The pair Euro against the U.S. dollar traded during the Asia session between the highest level at 1.28845 and the lowest level at 1.28234 , while the pair trading now around the level of 1.28349.

Regarding to the pair Sterling against the U.S. dollar traded during the Asia session between the highest level at 1.55854 and the lowest level at 1.54981 , while the pair trading now around the level of 1.55263.

Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 85.331 and the highest level at 85.680 , the pair trading now around the level of 85.481.

Market Expectations

EUR/USD : We expect today a decline for the pair Euro against the U.S. dollar to the level of 1.27300, if the pair can penetrate this target it may achieve the level 1.25430, stability of the trading below the level of 1.29080 necessary to achieve these expectations.

EURUSD.gif


GBP/USD : We expect today a decline for the pair Sterling against the U.S. dollar to the level 1.54450 then to the level of 1.54100, stability of the trading below the (MA 50) necessary to achieve these declines.

GBPUSD.gif


USD/JPY : The pair U.S. dollar against the Japanese Yen is trading within a narrow range since this morning, with ongoing oversold signs appearing through the stochastic; therefore, the suggested morning scenario will remain intact as long as trading is above 85.220.

USDJPY.gif


Senior Analyst / Ali Hasan /FXCBS

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Technical Analysis 19/08/2010 FXCBS

Thursday August 19 , 2010

Previous session overview

The pair Euro against the U.S. dollar traded during the Asia session between the lowest level at 1.27811 and the highest level at 1.28618 , while the pair trading now around the level of 1.28123.

Regarding to the pair Sterling against the U.S. dollar the pair trading during the Asia session between the highest level at 1.56059 and the lowest level at 1.55505, the pair trading now around the level of 1.55578.

Finally the pair U.S. dollar aginst the Japanese Yen traded during the Asia session between the lowest level at 85.333 and the highest level at 85.860 , while the pair trading now around the level of 85.810.

Market Expectations

EUR/USD : We expect today a decline for the pair Euro against the U.S. dollar to the support level at 1.27300 then after penetrate it , the pair will go to the target of 1.26680 , stability of the trading below the level 1.28300 support our expectations.


EURUSD.gif


GBP/USD : We expect a decline for the pair Sterling against the U.S. dollar , which will start after the pair can breakthrough the level 1.55300 , the pair will decline to the level of 1.54200 , stability of the trading below the level of 1.56000 support our expectation .


GBPUSD.gif


USD/JPY : We expect today an upward trend for the pair U.S. dollar against the Japanese Yen to the target of 86.450 then to the level 86.900 , stability of the trading above the level 85.000 necessary to achieve these expectations.

USDJPY.gif


Senior Analyst / Ali Hasan /FXCBS

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Technical Analysis 23/08/2010 FXCBS

Monday August 23 , 2010

Previous session overview

The pair Euro against the U.S. dollar traded during the Asia session between the lowest level at 1.26897 and the highest level at 1.27293, the pair trading now around the level of 1.27226.

Regarding to the pair Sterling against the U.S dollar also traded during the Asia session between the lowest level at 1.55209 and the highest level 1.559991 , while the pair trading now around thelevel of 1.55985.

Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 85.304 and the highest level at 85.703 , the pair trading now around the level of 85.382.

Market Expectations

EUR/USD : We expect today a small correction for the pair to the level 1.56440 then decline to the level of 1.54230 first then to the target of 1.53600, stability of the trading below the level of 1.56970 necessary to achieve these expectations .

EURUSD.gif



GBP/USD : We expect today a decline for the pair Euro against the U.S. dollar to the level of 1.25440 , determined indicators show negative sign support our expectations , stability of the trading below the level of 1.27590 necessary to achieve these expectation .


GBPUSD.gif


USD/JPY : etermind indicators for the pair U.S. dollar against the Japanese Yen show positive sign which may lead the pair to raise up to the level of 85.930 , stability of the trading above the level of 85.070 necessary to achieve these expectations.

USDJPY.gif


Senior Analyst / Ali Hasan /FXCBS

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