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.
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.
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.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
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.
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.
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.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
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