Technical Analysis 14/04/2010 of FXCBS
Wednesday April 14 , 2010
Previous session overview
The pair euro against U.S. dollar traded in a narrow range diagonally
upward during the Asian session, the highest price was at 1.36653 and
the lowest price was at 1.36021, the pair trading now around the level
of 1.36511.
The pair sterling against the U.S. dollar traded in a narrow range
diagonal upward during the Asian session, the highest price was at
1.54381 and the lowest price was at 1.53698 the pair trading now around
the level of 1.54226.
Finally the pair U.S. dollar against the Japanese Yen traded in a
narrow range during the Asian session between the highest price at
93.371 and the lowest price at 93.16 , the pair trading now around the
level of 93.351.
Market Expectations
EUR/USD : We expect an upside move today
targeting 1.3787 and requires stability of trading above the level of
1.35250, A slightly downside correction might be seen due to negative
momentum present over four-hour basis.
GBP/USD :Sterling against the dollar
continues to fluctuate around the focal support areas of 1.53850 we
expect further upside movement over intraday basis targeting 1.54990
and 1.55650, these expectation require stability of trading above the
level of 1.52950.
USD/JPY :We expect a bullish intraday
direction; first of its targets are around 94.00. Momentum indicators
are approaching oversold areas and thus; supporting this expected
bullish rebound.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
Previous session overview
The pair euro against U.S. dollar traded in a narrow range diagonally
upward during the Asian session, the highest price was at 1.36653 and
the lowest price was at 1.36021, the pair trading now around the level
of 1.36511.
The pair sterling against the U.S. dollar traded in a narrow range
diagonal upward during the Asian session, the highest price was at
1.54381 and the lowest price was at 1.53698 the pair trading now around
the level of 1.54226.
Finally the pair U.S. dollar against the Japanese Yen traded in a
narrow range during the Asian session between the highest price at
93.371 and the lowest price at 93.16 , the pair trading now around the
level of 93.351.
Market Expectations
EUR/USD : We expect an upside move today
targeting 1.3787 and requires stability of trading above the level of
1.35250, A slightly downside correction might be seen due to negative
momentum present over four-hour basis.
GBP/USD :Sterling against the dollar
continues to fluctuate around the focal support areas of 1.53850 we
expect further upside movement over intraday basis targeting 1.54990
and 1.55650, these expectation require stability of trading above the
level of 1.52950.
USD/JPY :We expect a bullish intraday
direction; first of its targets are around 94.00. Momentum indicators
are approaching oversold areas and thus; supporting this expected
bullish rebound.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
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