Technical Analysis 1/04/2010 of FXCBS
Thursday April 1 , 2010
Previous session overview
The Euro Dollar rose during today’s trading (Asia session) where the
pair rebounded to the upside to set a high of 1.35612 and low of
1.34813as it’s now trading at 1.34887.
The British Pound also managed to rise against the U.S. dollar, where
the pair rebounded to set a record high of 1.52398 and low of 1.51678
as it’s now trading at 1.51985.
Finally, the U.S. dollar extended its gains against the Japanese Yen,
where the pair low of 93.279 and rebound from that level to set the
highest level for today at 93.679 as the pair is now trading at 93.674.
Market Expectations
EUR/USD :Today, we expect a decline for
the pair euro against the U.S. dollar targeted at 1.34200 and then
1.33800, Stochastic and the RSI supports our expectations for the
decline, trading below the level of 1.36100 is necessary to achieve
these expectations.
GBP/USD :Today, we expect a decline for
the pair sterling against the U.S. dollar to re-examine the support
level at 1.50440, stochastic supports these expectations, the stability
of trading below the 1.52750 is necessary to achieve these expectations.
USD/JPY :The pair continues to fluctuate
around the resistance line for the ascending channel some awaited
bearish correction to get rid of the negative momentum appearing,
followed by a reversal in trading and through it a bullish direction
over intraday can be expected, targeting 94.450 initially. It is vital
that the four-hour closing remains above 92.550 for expectations to
prevail.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
Previous session overview
The Euro Dollar rose during today’s trading (Asia session) where the
pair rebounded to the upside to set a high of 1.35612 and low of
1.34813as it’s now trading at 1.34887.
The British Pound also managed to rise against the U.S. dollar, where
the pair rebounded to set a record high of 1.52398 and low of 1.51678
as it’s now trading at 1.51985.
Finally, the U.S. dollar extended its gains against the Japanese Yen,
where the pair low of 93.279 and rebound from that level to set the
highest level for today at 93.679 as the pair is now trading at 93.674.
Market Expectations
EUR/USD :Today, we expect a decline for
the pair euro against the U.S. dollar targeted at 1.34200 and then
1.33800, Stochastic and the RSI supports our expectations for the
decline, trading below the level of 1.36100 is necessary to achieve
these expectations.
GBP/USD :Today, we expect a decline for
the pair sterling against the U.S. dollar to re-examine the support
level at 1.50440, stochastic supports these expectations, the stability
of trading below the 1.52750 is necessary to achieve these expectations.
USD/JPY :The pair continues to fluctuate
around the resistance line for the ascending channel some awaited
bearish correction to get rid of the negative momentum appearing,
followed by a reversal in trading and through it a bullish direction
over intraday can be expected, targeting 94.450 initially. It is vital
that the four-hour closing remains above 92.550 for expectations to
prevail.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
Views: 0
© 2025 Created by James Dicks.
Powered by
