Technical Analysis 1/02/10 of FXCBS
This is Technical analysis daily and provided by specialists and analysts from FXCBS
Monday 1,February , 2010
Previous session overview
The euro dollar pair is consolidating between 1.39030 levels and
1.38521 levels recording a high of 1.38030 and a low of 1.38521. The
pair is currently trading around 1.38788 the lowest level in about 7
months.
Regarding the pound dollar pair, it is fell slightly recording a low of
1.59181 and a high of 1.59779, having the royal currency trading around
1.59210.
Finally, the dollar yen pair is consolidating between a high of 90.460
and a low of 90.467, and the pair is currently trading around 90.452.
Market Expectations
EUR/USD :
The pair Euro against U.S dollar breakthrough the support point at
1.40500 at the trading last week to achieve the lowest at 1.38520 , we
expect a new low this week aimed at 1.35250 , but we expect corrective
movement for the pair before that happens , these expectations require
stability of trading below 1.40500.
GBP/USD :
The pair Sterling against the U.S. Dollar was succeeded to breach the
support level 1.6025 during the trade last week and achieved the lowest
price at 1.5932; we expect a further drop for the pair during the
trading this week aimed at the level 1.57000.
USD/JPY :
We expect the pair to succeed in breaching this level 89.250 and
therefore opening the way to achieve a possible bearish short term
direction for this week. We could witness some minor bullish correction
before activating the expected bearish direction that mainly targets
86.90 and then 84.80. It is vital that 92.90 remain intact to maintain
chances of achieving the predicted bearish direction.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker|Currency Online Trading| Low Spread| Free Trading Software
Monday 1,February , 2010
Previous session overview
The euro dollar pair is consolidating between 1.39030 levels and
1.38521 levels recording a high of 1.38030 and a low of 1.38521. The
pair is currently trading around 1.38788 the lowest level in about 7
months.
Regarding the pound dollar pair, it is fell slightly recording a low of
1.59181 and a high of 1.59779, having the royal currency trading around
1.59210.
Finally, the dollar yen pair is consolidating between a high of 90.460
and a low of 90.467, and the pair is currently trading around 90.452.
Market Expectations
EUR/USD :
The pair Euro against U.S dollar breakthrough the support point at
1.40500 at the trading last week to achieve the lowest at 1.38520 , we
expect a new low this week aimed at 1.35250 , but we expect corrective
movement for the pair before that happens , these expectations require
stability of trading below 1.40500.
GBP/USD :
The pair Sterling against the U.S. Dollar was succeeded to breach the
support level 1.6025 during the trade last week and achieved the lowest
price at 1.5932; we expect a further drop for the pair during the
trading this week aimed at the level 1.57000.
USD/JPY :
We expect the pair to succeed in breaching this level 89.250 and
therefore opening the way to achieve a possible bearish short term
direction for this week. We could witness some minor bullish correction
before activating the expected bearish direction that mainly targets
86.90 and then 84.80. It is vital that 92.90 remain intact to maintain
chances of achieving the predicted bearish direction.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker|Currency Online Trading| Low Spread| Free Trading Software
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