Technical analysis FXCBS

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Crosses Currencies Analysis 6/01/2011 FXCBS

Thursday January 6 , 2011

Crosses Currencies Analysis

EUR/GBP

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

Stochastic indicators for the pair Euro against the Sterling showing positive sign which may push the pair to rise up to the target of 0.84250 first then to the level of 0.85050, these expectations require a closing four hours candlestick above the level of 0.84000.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/GBP 0.84953 0.85141 0.85460 0.84953 0.84555 0.84359 0.84040

EUR/JPY

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

The pair Euro against the Japanese Yen still trading below the level of 127.2% Fibonacci , determined indicators still showing negative sign , all of that lead us to expect that the pair will decline more today , but we need clear penetration for the level of 108.500.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/JPY 109.803 110.143 110.712 109.240 109.121 108.781 108.212

GBP/JPY

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

Determined indicators for the pair Sterling against the Japanese Yen showing negative sign also strength indicator now around 70.000 so we expect that the pair will decline today to the level of 128.170 then 127.340, these expectations require a clear penetration for the level of 128.500.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/JPY 129.650 130.142 130.972 128.617 128.610 128.173 127.343

Crosses Currencies Analysis
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Major Currencies Analysis 7/01/2011 FXCBS

Friday January 7 , 2011

Major Currencies Analysis

EUR/USD

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

Determined indicators for the pair Euro against the U.S dollar showing saturation in the selling process and the main support level at 1.29660 may push the pair to make a corrective movement to retest the level of 1.30800, the price of the Euro against the U.S. dollar should be below this level to save the bearish direction for the pair.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.32000 1.32597 1.33501 1.32000 1.30945 1.30397 1.29493

GBP/USD

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

The pair Sterling against the U.S. dollar penetrate the support level at 1.54600 yesterday and stable under it , also the pair stable below the level MA 50 all of these lead us to expect more declining today but we may see some witness before that happen .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.55627 1.56114. 1.56917 1.55307 1.54655 1.54168 1.53365

USD/JPY

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

Determined indicators for the pair U.S. dollar against the Japanese Yen showing saturation in the purchasing process, so we expect today that the pair will decline to the level of 82.300 first then 82.040.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 83.658 84.069 84.766 82.835 82.800 82.425 81.728

USD/CHF

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

Determined indicators for the pair U.S. dollar against the Swiss Franc showing positive sign , but we can see that the strength indicators showing negative sign that lead us to expect some witness for the pair before it can continuo it’s bullish trend today .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.97175 0.97770 0.98789 0.96037 0.96020 0.95390 0.94373

AUD/USD

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

Determined indicators for the pair Australian dollar against the U.S. dollar showing positive sign that may push the pair to rise up today to the level of 0.99660 then 1.00101.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 1.00367 1.00585 1.01110 1.00101 0.99631 0.99313 0.98788

USD/CAD

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


The pair U.S. dollar against the Canadian dollar so close from the level of 1.0000 which we refer for it yesterday , today we expect that the pair will decline to the level of 0.99250 , determined indicators support our expectations .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 0.99960 1.00050 1.00456 0.99707 0.99309 0.99062 0.98656

Major Currencies Analysis
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Fundamental Analysis 7/01/2011 FXCBS

Friday January 7 , 2011

Fundamental Analysis

A lot of economics news we are waiting today from the Euro Zone first then from United State of America, the first news will coming from Germany and France about Trade Balance then we will waiting the Unemployment Rate from the Euro Zone , after that we will waiting Non-Farm Employment Change and Unemployment Rate which is expected to show improvement in the U.S.A , the U.S. Federal had hinted earlier in this week, specifically in the minutes of FOMC U.S. employment sector that began showing signs of gradual improvement , so today we advice to be very carful during the trading , on the other hand the European currencies declined, as expectations indicate that the European financial crisis is due to expand which will have a negative impact on major economies, the dollar broke the 1.30000 level after the ADP employment change unexpectedly rose during December, pushing the dollar to incline.

The euro/dollar tried to rise with the beginning of today’s trading session then dropped, and now the pair trades around 1.29784, recording a high of 1.30219 and a low of 1.29600, while the euro faces a resistance 1.30250 then 1.30800. The daily and four hours momentum show the pair in an oversold area, which may reduce the pair’s downside movement. The pound declined against the dollar during today's session, while the pair trades around 1.54364, trading near of yesterday’s closing, recording the lowest at 1.54055 and the highest at 1.54737, where the pound faces a support at 1.53800. The daily and four hours momentum show the pair in an oversold area, which may reduce the pair’s downside movement. The dollar/yen pair raised during today's trading session, and now the pair trades around 83.512 levels, recording the highest at 83.597 and the lowest at 83.229. On the other hand, the pair faces a resistance at 83.680. The daily and four hours momentum indicators show the pair in an overbought area.The dollar/yen pair declined sharply today, while the pair trades around the level 83.002, recording a low of 82.850 and a high at 83.577. The pair faces a support at 82.780; meanwhile momentum indicators show the pair in an overbought area, which favors a downside movement.

Fundamental Analysis
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Major Currencies Analysis 10/01/2011 FXCBS

Monday January 10 , 2011

Major Currencies Analysis

EUR/USD

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

Last week the pair Euro against the U.S. dollar decline sharply and stabile below the level of MA50 to achieve the lowest level since three month ago, today we can see a positive sign showing through determined indicators on the four hours candlestick which may push the pair to rise up to retest the level of 1.29900 today before it can continuo it’s falling again, stability of the trading below this level necessary to save the bearish direction.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.29390 1.29760 1.30280 1.29450 1.28800 1.28480 1.27960

GBP/USD

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

Stochastic indicators for the pair Sterling against the U.S. dollar showing negative sign , these lead us to expect a declining for the pair today to the level of 1.54400 then to the level of 1.53800 , these expectation require stability of the trading below the level of 1.56200 and clear penetration for the level of 1.55100.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.56060 1.56540. 1.57340 1.55130 1.55100 1.54620 1.53820

USD/JPY

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

The pair U.S. dollar against the Japanese Yen trading in a narrow range , determined indicators given negative sign so we expect a decline for the pair to the level 82.590 first then to the level of 82.220.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 83.658 84.069 84.766 82.835 82.800 82.425 81.728

USD/CHF

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

Determined indicators for the pair U.S. dollar against the Swiss Franc showing negative sign but the pair still trading above the level MA50 these lead us to monitor the price very well today , but in general we expect that the pair will decline today to the level of 0.96160 then 0.95730.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 096950 0.97210 097650 0.96510 0.96500 0.96170 0.95730

AUD/USD

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

Determined indicators for the pair Australian dollar against the U.S. dollar showing positive sign that may push the pair to rise up today to the level of 0.99660 then 1.00101.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 1.00367 1.00585 1.01110 1.00101 0.99631 0.99313 0.98788

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 1.0000 in addition to the saturation in the purchasing process which is showing through stochastic indicators , all of these lead us to expect a decline for the pair today to the level 0.99100 then 0.98630.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 0.99960 1.00050 1.00456 0.99707 0.99309 0.99062 0.98656

Major Currencies Analysis
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Major Currencies Analysis 11/01/2011 FXCBS

Tuesday January 11 , 2011

Major Currencies Analysis

EUR/USD

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

Determined indicators for the pair Euro against the U.S. dollar showing saturation in the purchasing process which is clear through the four hours candlestick, so we expect today a decline for the pair to the level of 1.28800 then to the level of 1.28000, these expectations require stability of the trading below the level of 1.29800.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.29390 1.29760 1.30280 1.29450 1.28800 1.28480 1.27960

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 purchasing process so we expect a decline for the pair to the level 1.54450, this expectation require stability of the trading below the level of 1.56250.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.56060 1.56540. 1.57340 1.55130 1.55100 1.54620 1.53820

USD/JPY

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

We still expect that the pair of U.S. dollar against the Japanese Yen will decline to the target of 82.000, but we may see some fluctuation around the level of 83.000 before it will decline.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 83.658 84.069 84.766 82.835 82.800 82.425 81.728

USD/CHF

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

The pair U.S. dollar against the Swiss Franc could stabile yesterday above the level of MA50 this level support the pair to rise up so we expect today a rising for the pair to the level of 0.97800 then 0.98250 , these expectations require stability of the trading above the level of MA50.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 096950 0.97210 097650 0.96510 0.96500 0.96170 0.95730

AUD/USD

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

Determined indicators for the pair Australian dollar against the U.S. dollar showing positive sign that may push the pair to rise up today to the level of 0.99660 then 1.00101.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 1.00367 1.00585 1.01110 1.00101 0.99631 0.99313 0.98788

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 1.00000, we can see a positive sign coming from determined indicators it may push the pair to retest that level before it can decline .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 0.99960 1.00050 1.00456 0.99707 0.99309 0.99062 0.98656

Major Currencies Analysis
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Major Currencies Analysis 12/01/2011 FXCBS

Wednesday January 12 , 2011

Major Currencies Analysis

EUR/USD

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

Stochastic indicators showing negative sign for the pair Euro against the U.S. dollar in addition to the stability of the trading below the level MA50, these lead us to expect a decline for the pair to the level of 1.29300 first then 1.28740, and these expectations require stability of the trading below the level of 1.30800.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.29983 1.30226 1.30628 1.29571 1.29550 1.29254 1.288520

GBP/USD

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

Saturation in the purchasing process lead us to expect that the pair Sterling against the U. S. dollar will make a small fluctuate before continue its rising , yesterday the pair can penetrate the main resistance level at 1.56200 these penetration give the pair a determined to rise up .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.56322 1.56672 1.57252 1.55831 1.55622 1.55272 1.54692

USD/JPY

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

Determined indicators for the pair U.S. dollar against the Japanese Yen showing negative sign , these lead us to expect a bearish direction today for the pair to the level of 82.620 first then to the level of 82.000.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 83.461 83.685 84.055 83.137 83.015 82.791 82.421

USD/CHF

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

Determined indicators for the pair U.S. dollar against the Swiss Franc showing negative sign today so we expect a decline for the pair to the level of 0.96350, these expectations require stability of the trading below the level of 0.98000.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.97701 0.98042 0.98610 0.97269 0.97019 0.96678 0.96110

AUD/USD

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

Determined indicators showing saturation in the purchasing process for the pair Australian dollar against the U.S. dollar and the price still trading below the level MA 50 these lead us to expect a decline for the pair today to the level of 0.98330 then 0.97960.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 0.99080 0.99451 1.00065 0.98820 0.98338 0.97967 0.97353

USD/CAD

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

Determined indicators for the pair U.S. dollar against the Canadian dollar showing a saturation in the selling process which may lead the pair for some fluctuate before it can continue its declining to the level 0.98150.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 0.99170 0.99369 0.99631 0.99158 0.98892 0.98733 0.98471

Major Currencies Analysis
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Major Currencies Analysis 13/01/2011 FXCBS

Thursday January 13 , 2011

Major Currencies Analysis

EUR/USD

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

The pair rise up yesterday to penetrate the level of 1.30800and achieving the highest level at 1.31367, determined indicators showing saturation in the purchasing process which is clear through the four hours candlestick so we expect today that the pair will decline to the level of 1.30550 then to the level of 1.30220, these expectation require stability of the trading below the level of 1.31600.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.31840 1.32354 1.33203 1.30804 1.30800 1.30336 1.29487

GBP/USD

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

Negative sign showing through determined indicators for the pair Sterling against the U.S. dollar which will help the pair to make a small correction before it can continuo its rising; today we should be careful because we are waiting the official Bed Rate form the UK.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.58227 1.58768 1.59677 1.57107 1.57100 1.56604 1.55695

USD/JPY

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

Stability of the trading for the U.S. dollar against the Japanese Yen below the level of 83.250 and the determined indicators lead us to expect a decline for the pair to the level of 82.600 first then to the level of 82.000.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 83.171 83.350 83.640 83.087 82.813 82.630 82.340

USD/CHF

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

Today we expect more declining for the pair U.S. dollar against the Swiss Franc to the level of 0.96300, if the pair can penetrate this level we may see more declining to the target of 0.95730.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.96990 0.97160 0.97586 0.96936 0.96379 0.96118 0.95692

AUD/USD

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

Determined indicators showing saturation in the purchasing process for the pair Australian dollar against the U.S. dollar and the price still trading below the level MA 50 these lead us to expect a decline for the pair today to the level of 0.98330 then 0.97960.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 0.99080 0.99451 1.00065 0.98820 0.98338 0.97967 0.97353

Major Currencies Analysis
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Major Currencies Analysis 14/01/2011 FXCBS

Friday January 14 , 2011

Major Currencies Analysis

EUR/USD

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

Determined indicators for the pair Euro against the U.S. dollar showing big saturation in the purchasing process that may cause a down correction for the pair to the level of 1.31850 , this level very critical because if the pair can penetrate it that will lead the pair to the level of 1.30800 but if the pair can stable above it that will lead the pair to rise again to achieve new goals .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.34420 1.35251 1.36636 1.32785 1.32780 1.32015 1.30630

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 purchasing process which may cause some fluctuate for the pair before continuo it’s raising to the level of 1.59600.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.58805 1.59260 1.60015 1.58121 1.57890 1.57442 1.56687

USD/JPY

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

Stability of the trading for the pair U.S. dollar against the Japanese Yen below the level of MA50 lead us to expect more declining today for the pair to the level 81.800 first then to the level of 81.050.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 82.976 83.144 83.420 82.833 82.640 82.473 82.196

USD/CHF

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

MA50 for the pair U.S. dollar against the Swiss Franc still make strong support for the pair , but we can say in general the pair will decline today and can penetrate this level to achieve the target of 0.95800 first then 0.95250.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.96880 0.97211 0.97897 0.96712 0.95960 0.95543 0.94857

AUD/USD

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

Determined indicators showing saturation in the purchasing process for the pair Australian dollar against the U.S. dollar and the price still trading below the level MA 50 these lead us to expect a decline for the pair today to the level of 0.98330 then 0.97960.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 0.99080 0.99451 1.00065 0.98820 0.98338 0.97967 0.97353

USD/CAD

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

Determined indicators for the pair U.S. dollar against the Canadian dollar may push the pair to make a correction movement to the level of 0.99250 before it can decline to achieve new goals.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 0.99062 0.99212 0.99460 0.98847 0.98762 0.98612 0.98364

Major Currencies Analysis
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Major Currencies Analysis 17/01/2011 FXCBS

Monday January 17 , 2011

Major Currencies Analysis

EUR/USD

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

The pair Euro against the U.S. dollar couldn’t stability above the level 1.34200 last week, Determined indicators showing negative sign may lead the pair to decline to retest the level of 1.31800 today, we should be careful today and monitor the price around that level, if the pair can penetrate that level that mean the pair will back to the down side channel, but if it close a daily candlestick above it that may lead the pair to rise again to retest the level of 1.34200.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.34270 1.34660 1.35315 1.33863 1.33482 1.33089 1.32437

GBP/USD

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

The pair Sterling against the U.S. dollar could stabile above the level of 1.58000 last week, but we can see negative sign showing through determined indicators that may lead the pair to make some fluctuate to get red from this negative sign, before it can continuo its rising.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.58890 1.59110 1.59473 1.58549 1.58500 1.58230 1.57867

USD/JPY

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

The pair U.S. dollar can close weekly candlestick below the level of 83.000 , but we can see positive sign may lead the pair to make some fluctuate around that level , then it will continuo it’s decline to the target of 82.000 then to the level of 81.450.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 83.035 83.215 83.512 82.776 82.677 82.497 82.200

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 of 0.95543 then to the level of 0.94857, these expectation require a clear penetration for the level of 0.96250 and a close four hours candlestick below that level.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.96568 0.96795 0.97169 0.96419 0.96114 0.95887 0.95513

AUD/USD

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

Determined indicators for the pair Australian dollar against the U.S dollar showing negative sign lead us to expect a decline for the pair to the level of 0.97476, these expectation require stability of the trading below the level of 0.99600.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 0.97476 0.98096 0.98473 0.99113 0.99220 0.99602 1.00222

USD/CAD

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

The pair U.S. dollar against the Canadian dollar stable below the level of MA 50 and can stable below the level 1.0000 all of that lead us to expect more decline for the pair to the level of 0.97250 then to the level 0.96450.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 0.99300 0.99569 0.99981 0.99231 0.98817 0.98567 0.98155

Major Currencies Analysis
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[fxcbsar]

Major Currencies Analysis 18/01/2011 FXCBS

Tuesday January 18 , 2011

Major Currencies Analysis

EUR/USD

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

Determined indicators for the pair Euro against the U.S. dollar showing that the pair near from saturation in the purchasing process , but we can see that the pair now can stabile above the level MA50 these notes make us advice to monitor tow level first the resistance level at 1.34220 and the main support level at 1.31700.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.33170 1.33698 1.34326 1.33067 1.32555 1.32174 1.31546

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 purchasing process but we can see also that the pair can stable above the level of MA50 which is support the pair to rise up, so we expect that the pair will return to retest the level of 1.59100 and make some fluctuate around it before it can continue its rising again, these expectations require stability above the level of 1.59100.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.59191 1.59518 1.60058 1.58919 1.58535 1.58208 1.57668

USD/JPY

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

The pair U.S. dollar against the Japanese Yen could stabile below the level of 83.000 yesterday and could stable below the level of MA50 these make us expect more decline today to the new target at 81.450 first then 81.050.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 82.850 83.032 83.331 82.677 82.489 82.308 82.009

USD/CHF

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

The pair U.S. dollar against the Swiss Franc penetrate the main support level at 0.96250 this penetration will open the way to more declining today to the level of 0.95170 first then to the level of 0.94840.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.96594 0.96733 0.96960 0.96491 0.96318 0.96179 0.95950

AUD/USD

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

Determined indicators for the pair Australian dollar against the U.S dollar showing negative sign lead us to expect a decline for the pair to the level of 0.97476, these expectation require stability of the trading below the level of 0.99600.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 0.97476 0.98096 0.98473 0.99113 0.99220 0.99602 1.00222

USD/CAD

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

Determined indicators for the pair U.S. dollar against the Canadian dollar showing saturation in the purchasing process despite of that the pair declining but we expect that the level of 0.98170 will stop this declining for a while and we may see some fluctuate or some correction before it can attack this level again .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 0.98805 0.98929 0.99133 0.98751 0.98550 0.98433 0.98220

Major Currencies Analysis
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