Technical analysis FXCBS

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Major Currencies Analysis 13/12/2010 FXCBS

Monday December 13 , 2010

Major Currencies Analysis

EUR/USD

The pair Euro against the U.S. dollar open below the resistance level 1.32080, the MA 50 still pushes the pair to decline more but we can see a positive sign coming from the determined indicators, these sign may lead the pair to rise again to the level of 1.32490 before it could back down again.

http://www2.fxcbs.com/newsletter/images/EURUSD.gif

GBP/USD

Determined indicators for the pair Sterling against the U.S. dollar show positive sign which may cause an up intraday for the pair to retest the resistance level at 1.58350 before continuo its decline these expectations require stability of the trading above the level of 1.56800.

http://www2.fxcbs.com/newsletter/images/GBPUSD.gif

USD/JPY

We expect for a pair U.S. dollar against the Japanese Yen a bullish intraday initially targeting areas around 84.580 , but before that done the pair will decline because of the saturation in the purchasing process to the level of 83.790.

http://www2.fxcbs.com/newsletter/images/USDJPY.gif

USD/CHF

We expect for the pair U.S. dollar against the Swiss franc a witness some fluctuation between the mentioned support 0.98000and resistance at 0.98500, before decline to the level 0.97250 then 0.96800.

http://www2.fxcbs.com/newsletter/images/USDCHF.gif

AUD/USD

The MA 50 still push the pair Australian dollar against the U.S. dollar up and we could see a positive sign through determined indicators , so we expect a bullish intraday for the pair to the level 0.99450 then to the level 0.99990.

http://www2.fxcbs.com/newsletter/images/AUDUSD.gif

USD/CAD

Momentum indicators for the pair U.S. dollar against the Canadian dollar are currently appearing neutral with more fluctuation witnessed , but we expect that the pair will decline to the level of 0.99250, these expectation require stability below the level of 1.01400.

http://www2.fxcbs.com/newsletter/images/USDCAD.gif



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Major Currencies Analysis 14/12/2010 FXCBS

Tuesday December 14 , 2010

Major Currencies Analysis

EUR/USD

http://www2.fxcbs.com/newsletter/images/EURUSD.gif

We expect today that the pair Euro against the U.S. dollar will rise up to the level of 1.35250 then it will back down in a correction movement to the level 1.33180 , determined indicators showing that the pair very near to be saturation in the purchasing process that support our expectation .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.34560 1.35250 1.35900 1.33180 1.32800 1.32400 1.31900

GBP/USD

http://www2.fxcbs.com/newsletter/images/GBPUSD.gif

Stochastic for the pair Sterling against the U.S. dollar giving off overbought signs that may cause some trading around the breached level 1.58250, so we expect that the pair will retest the level of 1.58000 before continuo rising to the target of 1.58990.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.58292 1.58600 1.59128 1.58024 1.57662 1.57346 1.56822

USD/JPY

http://www2.fxcbs.com/newsletter/images/USDJPY.gif

The pair U.S. dollar against Japanese Yen still wedged between 83.000 and 84.240 we expect today that the pair will continuo it’s fluctuation cause of The negative pressure from stochastic.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 84.060 84.223 84.480 83.790 83.750 83.600 83.340

USD/CHF

http://www2.fxcbs.com/newsletter/images/USDCHF.gif

Momentum indicators showing positive sign for the pair U.S. dollar against Swiss franc so we expect that the pair will rise up in a correction movement to the level 0.97600 before back to decline again to the new target around the level of 0.95800.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.98190 0.98310 0.98520 0.98149 0.97931 0.97805 0.97592

AUD/USD

http://www2.fxcbs.com/newsletter/images/AUDUSD.gif

The MA 50 still push the pair Australian dollar against the U.S. dollar up and we could see a positive sign through determined indicators , so we expect a bullish intraday for the pair to the level 0.99450 then to the level 0.99990.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 0.98660 0.98958 0.99452 0.98319 0.98064 0.97766 0.97272

USD/CAD

http://www2.fxcbs.com/newsletter/images/USDCAD.gif

We expected for the pair U.S. dollar against Canadian dollar a bearish direction over an intraday basis around the level of 0.99450, these expectation require stability of the trading below the level of 1.00970.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 1.00990 1.01078 1.01222 1.00960 1.00813 1.00724 1.00580

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Major Currencies Analysis 16/12/2010 FXCBS

Thursday December 16 , 2010

Major Currencies Analysis

EUR/USD

http://www2.fxcbs.com/newsletter/images/EURUSD.gif

Determined indicators for the pair Euro against the U.S. dollar show saturation in the selling process which may cause a rising for the pair to the level of 1.33250 first then 1.33900, these expectations require stability of the trading above the level of 1.317500.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.34560 1.35250 1.35900 1.33180 1.32800 1.32400 1.31900

GBP/USD

http://www2.fxcbs.com/newsletter/images/GBPUSD.gif

Determined indicators for the pair Sterling against the U.S. dollar showing saturation in the selling process which may cause a rising to get red form negative determination before bake to attack the support level at 1.55200, if the pair can penetrate this level the pair will decline more to the level 1.53850.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.58292 1.58600 1.59128 1.58024 1.57662 1.57346 1.56822

USD/JPY

http://www2.fxcbs.com/newsletter/images/USDJPY.gif

The pair U.S. dollar against Japanese Yen still traded around the main resistance level at 84.250 , Stochastic indicators showing positive sign which may help the pair to breakthrough this level and achieving the target of 84.850.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 84.060 84.223 84.480 83.790 83.750 83.600 83.340

USD/CHF

http://www2.fxcbs.com/newsletter/images/USDCHF.gif

Determined indicators for the pair U.S. dollar against the Swiss Franc showing mixed sign, the pair trading now around the main and critical support at 0.96500 if the pair can breakthrough this level it will decline more to the level of 0.96130 then to the level 0.95600, but if the pair close daily candlestick above it, it will return to rise again to retest the level of 0.98800, so we advice to monitor the pair very well during the trade today.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.98190 0.98310 0.98520 0.98149 0.97931 0.97805 0.97592

AUD/USD

http://www2.fxcbs.com/newsletter/images/AUDUSD.gif

We expect that the pair Australian dollar against the U.S. dollar will rise up to retest the level of 0.99520 before it can decline again, determined indicators supporting our expectation.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 0.98660 0.98958 0.99452 0.98319 0.98064 0.97766 0.97272

USD/CAD

http://www2.fxcbs.com/newsletter/images/USDCAD.gif

Stochastic indicators for the pair U.S. dollar against Canadian dollar still showing positive sign that will cause more fluctuate around the level of 1.00250, but we still expect that the pair will decline to achieve the target of 0.99250.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 1.00990 1.01078 1.01222 1.00960 1.00813 1.00724 1.00580

Major Currencies Analysis
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Major Currencies Analysis 17/12/2010 FXCBS

Friday December 17 , 2010

Major Currencies Analysis

EUR/USD

http://www2.fxcbs.com/newsletter/images/EURUSD.gif

We expect today a decline for the pair Euro against the U.S. dollar, determined indicators showing saturation in the purchasing process which may cause that decline to retest the main support level at 1.31750; these expectations require stability of the trading below the level of 1.33850.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.32654 1.32887 1.33272 1.32296 1.32188 1.31955 1.31570

GBP/USD

http://www2.fxcbs.com/newsletter/images/GBPUSD.gif

We expect for the pair Sterling against the U.S. dollar a fluctuation between the level of 1.56560 and the level of 1.56000, determined indicators showing mixed sign, so we advice to monitor the price very well if the pair can breakthrough the level 1.55200 that will cause a decline for the target of 1.53850 but if the pair can penetrate the level of 1.58100 that will cause a bullish trend to the level of 1.61000.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.56569 1.56830 1.57274 1.56000 1.55900 1.55774 1.55334

USD/JPY

http://www2.fxcbs.com/newsletter/images/USDJPY.gif

The pair U.S. dollar against the Japanese Yen still facing strong resistance around the level of 84.240 , determined indicators showing positive sign for the pair which may help the pair to breakthrough this level today to the target of 85.350.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 84.060 84.223 84.480 83.790 83.750 83.600 83.340

USD/CHF

http://www2.fxcbs.com/newsletter/images/USDCHF.gif

We expect today for the pair U.S. dollar against the Swiss Franc a correction movement to retest the level of 0.96250 before it can continuo it’s decline again to the level 0.94470.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.96250 0.96915 0.97338 0.96711 0.96138 0.95879 0.95456

AUD/USD

http://www2.fxcbs.com/newsletter/images/AUDUSD.gif

We expect that the pair Australian dollar against the U.S. dollar will rise up to retest the level of 0.99520 before it can decline again, determined indicators supporting our expectation.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 0.98660 0.98958 0.99452 0.98319 0.98064 0.97766 0.97272

USD/CAD

http://www2.fxcbs.com/newsletter/images/USDCAD.gif

Determined indicators for the pair U.S. dollar against the Canadian dollar showing negative sign which may cause a decline to the level 0.99250 then to the level 0.98180 , these expectation require stability of the trading below the level of 1.00810.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 1.00692 1.00810 1.01004 1.00550 1.00456 1.00338 1.00144

Major Currencies Analysis
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Major Currencies Analysis 21/12/2010 FXCBS

Tuesday December 21 , 2010

Major Currencies Analysis

EUR/USD

http://www2.fxcbs.com/newsletter/images/EURUSD.gif

The pair Euro against the U.S. dollar retests the level of 1.31800 this morning, determined indicators showing negative sign so we expect that the pair will decline to the target of 1.30600, stability of the trading below the level of 1.32210 necessary to achieve these expectations.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.32460 1.33080 1.34110 1.32254 1.31220 1.30598 1.29572

GBP/USD

http://www2.fxcbs.com/newsletter/images/GBPUSD.gif

We expect today more decline for the pair Sterling against the U.S. dollar to the level of 1.54200 then to the level 1.53450 determined indicators support our expectations and the closing one day candlestick below the level 1.55700 else.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.55766 1.56296 1.57173 1.55415 1.54706 1.54176 1.53299

USD/JPY

http://www2.fxcbs.com/newsletter/images/USDJPY.gif

Determined indicators for the pair U.S. dollar against the Japanese Yen showing positive sign lead us to expect rising for the pair to the level of 84.250 , we saw that the last decline was to given the pair enough determined to penetrate this level .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 84.060 84.200 84.441 83.939 83.786 83.645 83.413

USD/CHF

http://www2.fxcbs.com/newsletter/images/USDCHF.gif

Determined indicators showing positive sign for the pair U.S. dollar against the Swiss Franc, we can see saturation in the selling process may push the pair up to the level of 0.96650 first then to the level 0.96930.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.97155 0.97601 0.98349 0.96495 0.96263 0.95817 0.95069

AUD/USD

http://www2.fxcbs.com/newsletter/images/AUDUSD.gif

Determined indicators for the pair Australian dollar against the U.S. dollar still showing positive sign which may lead the pair to rise up to the level of 0.99760 , these expectations require stability of the trading above the level of MA50 (0.98500).

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 0.99021 0.99257 0.99647 0.98817 0.98548 0.98311 0.97921

USD/CAD

http://www2.fxcbs.com/newsletter/images/USDCAD.gif

The pair U.S. dollar against the Canadian dollar rise up yesterday to the main resistance point at 1.02050 , today we can see a good determined to push the pair down to the level 1.01000 then to the level 0.99250 , we can see a saturation in the purchasing process may help the pair to decline today .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 1.01648 1.01934 1.02411 1.01053 1.01055 1.00792 1.00315

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Major Currencies Analysis 22/12/2010 FXCBS

Wednesday December 22 , 2010

Major Currencies Analysis

EUR/USD

http://www2.fxcbs.com/newsletter/images/EURUSD.gif

The pair Euro against the U.S. dollar fall down yesterday to the level of 1.30780, today we expect that the pair will make a correction movement to the resistance level at 1.31800 before back to decline again; these expectations require stability of the trading below the level of 1.31800.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.31240 1.31694 1.32274 1.31246 1.30634 1.30280 1.29700

GBP/USD

http://www2.fxcbs.com/newsletter/images/GBPUSD.gif

The pair Sterling against the U.S. dollar still facing strong support around the level 1.54500, today we can see good determined may help the pair to breakthrough this level to reach the target of 1.53900 around this level we should monitor the price what will make and take care around that level.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.55000 1.55400. 1.55997 1.54903 1.54311 1.53948 1.53351

USD/JPY

http://www2.fxcbs.com/newsletter/images/USDJPY.gif

Determined indicators for the pair U.S. dollar against the Japanese Yen showing mixed sign that will cause some fluctuation around the level of MA 50 (83.8000) before it can rise to attack the main resistance point at 84.240.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 84.060 84.200 84.441 83.939 83.786 83.645 83.413

USD/CHF

http://www2.fxcbs.com/newsletter/images/USDCHF.gif

We can see mixed sign through the indicators on the pair U.S. dollar against Swiss Franc, we can see positive sign coming through determined indicators, on other hand we can note that the pair stabile yesterday below the level MA 50, all of these lead us to monitor the price level today and stay away from it until we can get a clear sign help us to take decision.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.95986 0.96297 0.96711 0.95986 0.95541 0.95541 0.94875

AUD/USD

http://www2.fxcbs.com/newsletter/images/AUDUSD.gif

Determined indicators for the pair Australian dollar against the U.S. dollar still showing positive sign which may lead the pair to rise up to the level of 0.99760 , these expectations require stability of the trading above the level of MA50 (0.98500).

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 0.99987 1.00195 1.00539 0.99622 0.99600 0.99365 0.99021

USD/CAD

http://www2.fxcbs.com/newsletter/images/USDCAD.gif

Since beginning of the trading this week the pair U.S. dollar against the Canadian dollar still trading below the level 1.02000 , this lead us to expect today a declining for the pair to the level 0.99700 , this decline require today a breakthrough for the level of 1.01400 then 1.01000.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 1.01807 1.01959 1.02209 1.01740 1.01503 1.01351 1.01101


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Major Currencies Analysis 23/12/2010 FXCBS

Thursday December 23 , 2010

Major Currencies Analysis

EUR/USD

http://www2.fxcbs.com/newsletter/images/EURUSD.gif

We expect today that the pair Euro against the U.S. dollar will make a correction movement to the level 1.31800 first then to the level 1.32550 , the level of 1.30770 contain a strong support for the pair so the pair need to get more determined to breakthrough this level also the determined indicators support our expectations .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.31280 1.31538 1.32003 1.31189 1.30688 1.30404 1.29939

GBP/USD

http://www2.fxcbs.com/newsletter/images/GBPUSD.gif

We expect today a correction movement for the pair Sterling against the U.S. dollar to the level 1.55000 then it may extend to the level of 1.55550, the support level 1.53850 was strong support in front of the pair , but we can still says that the general trend for the pair is bearish .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.54080 1.54553. 1.55174 1.54099 1.53418 1.53039 1.52418

USD/JPY

http://www2.fxcbs.com/newsletter/images/USDJPY.gif

The pair U.S. dollar against the Japanese Yen go down sharply yesterday , we expect this down side will continuo to the level 38.2% around the level 82.800 then if it can penetrate this level it may go down to 82.250.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 83.660 83.788 83.987 83.603 83.426 83.300 83.107

USD/CHF

http://www2.fxcbs.com/newsletter/images/USDCHF.gif

We may see today some fluctuation for the pair U.S. dollar against the Swiss Franc around the level of 0.95000 to get red from saturation which is seen through selling process on the determined indicators , then we expect the pair will continuo it’s falling down to the level 0.94500.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.95400 0.95651 0.96048 0.95364 0.94924 0.94681 0.94282

AUD/USD

http://www2.fxcbs.com/newsletter/images/AUDUSD.gif

We expect for the pair Australian dollar against the U.S. dollar will rise up to the level of 1.00550 then it will fall down in a correction movement, determined indicators supporting our expectation, we can see there is saturation in the purchasing process.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 1.00039 1.00205 1.00477 0.99827 0.99709 0.99543 0.99271

USD/CAD

http://www2.fxcbs.com/newsletter/images/USDCAD.gif

We may see some fluctuation around the level of 1.01150 for the pair U.S. dollar against Canadian dollar to get red from the saturation in the selling process then we expect that the pair will fall down to the level of 1.00660 then 1.00200.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 1.01475 1.01659 1.01961 1.01395 1.01107 1.00923 1.00621

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Major Currencies Analysis 27/12/2010 FXCBS

Monday December 27 , 2010

Major Currencies Analysis

EUR/USD

http://www2.fxcbs.com/newsletter/images/EURUSD.gif

We expect today that the pair Euro against the U.S. dollar will decline to the level of 1.30940 then to the level 1.30550, stability of the trading below MA 50 support our expectation, and these expectations require stability of the trading below the level of 1.32500.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.31274 1.31442 1.31710 1.31152 1.30940 1.30772 1.30497

GBP/USD

http://www2.fxcbs.com/newsletter/images/GBPUSD.gif

We expect today a declining for the pair Sterling against the U.S. dollar to the level 1.53570 first then to the level 1.52900, stability of the trading for the pair below the MA 50 support our expectations, these expectations require stability of the trading below the main resistance point around the level of 1.55560.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.54617 1.54843. 1.55214 1.54359 1.54167 1.53941 1.53570

USD/JPY

http://www2.fxcbs.com/newsletter/images/USDJPY.gif

We expect today a decline for the pair U.S. dollar against the Japanese Yen but these expectation require stability of the trading below the level of 83.600 and clear penetration for the level 82.300.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 82.945 83.170 83.160 82.940 82.748 82.659 82.512

USD/CHF

http://www2.fxcbs.com/newsletter/images/USDCHF.gif

We advice to monitor the price today for the pair U.S. dollar against the Swiss Franc, we can see that the pair could break through the main resistance point at 0.95830 and we can see that the pair still trading below the MA 50 and determined indicators still showing negative sign all of that lead us to wait and see what the pair will do today.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.96401 0.96623 0.96990 0.96019 0.95999 0.95737 0.95370

AUD/USD

http://www2.fxcbs.com/newsletter/images/AUDUSD.gif

We expect for the pair Australian dollar against the U.S. dollar will rise up to the level of 1.00550 then it will fall down in a correction movement, determined indicators supporting our expectation, we can see there is saturation in the purchasing process.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 1.00039 1.00205 1.00477 0.99827 0.99709 0.99543 0.99271

USD/CAD

http://www2.fxcbs.com/newsletter/images/USDCAD.gif

The pair U.S. dollar against the Canadian dollar still trading below the level of MA 50 , determined indicators showing negative sign lead us to expect that the pair will decline to the target level at 1.0000 then to the level of 0.99250.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 1.00862 1.01042 1.01337 1.00779 1.00502 1.00322 1.00027

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Major Currencies Analysis 5/01/2011 FXCBS

Wednesday January 5 , 2011

Major Currencies Analysis

EUR/USD

http://www2.fxcbs.com/newsletter/images/EURUSD.gif

The pair Euro against the U.S. dollar declined yesterday after it couldn’t breakthrough the main resistance point at 1.34330, today we expect more declining for the pair to the level of 1.31800 then to the level of 1.31270, but we may see some fluctuation around the level of 1.32650 cause of the saturation in the selling process which is showing through determined indicators.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.34020 1.34440 1.35067 1.33351 1.33080 1.32800 1.32137

GBP/USD

http://www2.fxcbs.com/newsletter/images/GBPUSD.gif

Negative sign which is coming from determined indicators push the pair Sterling against the U.S. dollar to decline yesterday to the level of 1.55600, today we expect more decline for the pair to the level of 1.54750 then 1.54250 , these expectations require stability of the trading below the level of 1.56600 and clear penetration for the level of 1.55100.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.55297 1.55710. 1.56391 1.55019 1.54471 1.54058 1.53377

USD/JPY

http://www2.fxcbs.com/newsletter/images/USDJPY.gif

We expect today a declining for the pair U.S. dollar against the Japanese Yen to the level of 81.000 then 80.560, stochastic indicators and the MA 50 supported our expectations, and these expectations require stability of the trading below the level of 82.300.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 81.957 82.183 82.560 81.468 81.460 81.281 80.904

USD/CHF

http://www2.fxcbs.com/newsletter/images/USDCHF.gif

We expect today a decline for the pair U.S dollar against the Swiss Franc to the level 0.93300, yesterday the pair continuo the corrective movement at 61.8% Fibonacci, the determined indicators showing now saturation in the purchasing process which may help the pair to achieve our expectations.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.95370 0.95892 0.96779 0.94427 0.94400 0.93804 0.92917

AUD/USD

http://www2.fxcbs.com/newsletter/images/AUDUSD.gif

We expect for the pair Australian dollar against the U.S. dollar will rise up to the level of 1.00550 then it will fall down in a correction movement, determined indicators supporting our expectation, we can see there is saturation in the purchasing process.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 1.00039 1.00205 1.00477 0.99827 0.99709 0.99543 0.99271

USD/CAD

http://www2.fxcbs.com/newsletter/images/USDCAD.gif

The pair U.S. dollar against the Canadian dollar get red from the positive sign which was showed through determined indicators and retest the resistance point at 1.00000 , so we expect today a decline for the pair to the level of 0.99250.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 1.00156 1.00480 1.01017 0.99778 099510 0.99186 0.98649

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Major Currencies Analysis 6/01/2011 FXCBS

Thursday January 6 , 2011

Major Currencies Analysis

EUR/USD

http://www2.fxcbs.com/newsletter/images/EURUSD.gif

We expect today that the pair Euro against the U.S. dollar will make a correction movement to retest the resistance level at 1.32400 before continuo it’s falling down to the level of 1.30800 then 1.30270.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.32000 1.32597 1.33500 1.32000 1.30945 1.30397 1.29493

GBP/USD

http://www2.fxcbs.com/newsletter/images/GBPUSD.gif

We may see today a some witness around the level of 1.55100 before it can continuo the declining which was started yesterday , today we expect that the pair will touch the level of 1.54400, stability of the trading below the level 1.56000 necessary to achieve these expectation .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.55627 1.56627. 1.56917 1.55307 1.54655 1.54168 1.53365

USD/JPY

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The determined indicators for the pair U.S. dollar against the Japanese Yen showing a saturation in the purchasing process , so we expect that the pair finish it’s correction movement and it will decline again today.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 83.658 84.069 84.766 82.835 82.830 82.425 81.728

USD/CHF

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The pair U.S. dollar against the Swiss Franc penetrate yesterday the critical resistance point at 0.96300 that push the pair to rise more today , but we can see a saturation in the purchasing process which will may cause some fluctuation for the pair around the level 0.96600 before rise up more .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.97175 0.97770 098787 0.96037 0.96037 0.95390 0.94373

AUD/USD

http://www2.fxcbs.com/newsletter/images/AUDUSD.gif

We expect for the pair Australian dollar against the U.S. dollar will rise up to the level of 1.00550 then it will fall down in a correction movement, determined indicators supporting our expectation, we can see there is saturation in the purchasing process.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 1.00039 1.00205 1.00477 0.99827 0.99709 0.99543 0.99271

USD/CAD

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We expect today that the pair U.S. dollar against the Canadian dollar will rise up to retest the level of 1.00000; determined indicators given positive sign lead us to expect that.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 1.00156 1.00480 1.01017 0.99778 099510 0.99186 0.98649

Major Currencies Analysis
http://www2.fxcbs.com/newsletter/major-analysis.html