Technical Analysis 10/02/10 of FXCBS
This is Technical analysis daily provided by specialists and analysts from FXCBS
Wednesday February 10 , 2010
Previous session overview
The euro dollar pair declined recording a low of 1.37337 and a high of
1.38067, having the union currency trading around 1.37732.
As for the pound dollar pair, it fell in the Asian session to record a
low of 1.56588 and a high of 1.57242, having the royal currency trading
around 1.56812.
Finally, the dollar declined against the Japanese yen after gaining
yesterday and the pair recorded a low of 89.530 and a high of 90.010,
while it is currently trading around 89.704.
Market Expectations
EUR/USD :
The Euro against U.S. dollar succeeded yesterday to complete its
correction movement to 38.2% Fibonacci near the level 1.38500, we
expect today volatility for the price to get rid of the negative sign
that shows through stochastic indicator before return to rise again to
achieve the corrective level of 61.8% Fibonacci .
GBP/USD :
The pair Sterling against U.S. dollar collided yesterday with the level
38.2% Fibonacci at the price 1.57450 , we expect today some volatility
for the price before determining its trend, that is because of the
important economic data which we are waiting today from the United
Kingdom economic .
USD/JPY :
Momentum indicators show negative signs that make us maintain
the previously expected bearish direction, where we await the breach of
89.570 and the 87.700. It is vital that trading remain below 90.300 so
these expectations may prevail.
Senior Analyst / Ali Hasan /FXCBS
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Wednesday February 10 , 2010
Previous session overview
The euro dollar pair declined recording a low of 1.37337 and a high of
1.38067, having the union currency trading around 1.37732.
As for the pound dollar pair, it fell in the Asian session to record a
low of 1.56588 and a high of 1.57242, having the royal currency trading
around 1.56812.
Finally, the dollar declined against the Japanese yen after gaining
yesterday and the pair recorded a low of 89.530 and a high of 90.010,
while it is currently trading around 89.704.
Market Expectations
EUR/USD :
The Euro against U.S. dollar succeeded yesterday to complete its
correction movement to 38.2% Fibonacci near the level 1.38500, we
expect today volatility for the price to get rid of the negative sign
that shows through stochastic indicator before return to rise again to
achieve the corrective level of 61.8% Fibonacci .
GBP/USD :
The pair Sterling against U.S. dollar collided yesterday with the level
38.2% Fibonacci at the price 1.57450 , we expect today some volatility
for the price before determining its trend, that is because of the
important economic data which we are waiting today from the United
Kingdom economic .
USD/JPY :
Momentum indicators show negative signs that make us maintain
the previously expected bearish direction, where we await the breach of
89.570 and the 87.700. It is vital that trading remain below 90.300 so
these expectations may prevail.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker|Currency Online Trading| Low Spread| Free Trading Software
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