Technical Analysis 14/05/2010 of FXCBS
Friday May 14 , 2010
Previous session overview
The euro dollar pair recorded a low of 1.25158 and a high of 1.25640,
having the union currency trading around 1.25477.
Regarding the pound dollar pair, it rose slightly recording a high of
1.46395 and a low of 1.45534, having the royal currency trading around
1.45731.
Finally, the dollar gained against the Japanese yen after yesterday's
fall recording a high of 92.953 and a low of 92.512, while the pair is
currently trading around 92.877.
Market Expectations
EUR/USD : We expect today for the pair
Euro against the U.S. dollar a corrective movement for the last decline
to the level of 1.27420 at 38.2% Fibonacci before continue it’s decline
to the level of 1.24280, stability of the level 38.2% Fibonacci
necessary to achieve this expectation.
GBP/USD :We expect for the pair Sterling
against the U.S. dollar to do a corrective movement to the level of
38.2% Fibonacci at the price of 1.47400, and then decline to achieve our
target at 1.44650.
USD/JPY :The pair neared the first awaited
target at 92.30 and rebounded upwards due to the positive effect of
momentum indicators, we expect that the pair will decline to retest
again the level of 92.300.
Senior Analyst / Ali Hasan /FXCBS
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Forex ECN
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Previous session overview
The euro dollar pair recorded a low of 1.25158 and a high of 1.25640,
having the union currency trading around 1.25477.
Regarding the pound dollar pair, it rose slightly recording a high of
1.46395 and a low of 1.45534, having the royal currency trading around
1.45731.
Finally, the dollar gained against the Japanese yen after yesterday's
fall recording a high of 92.953 and a low of 92.512, while the pair is
currently trading around 92.877.
Market Expectations
EUR/USD : We expect today for the pair
Euro against the U.S. dollar a corrective movement for the last decline
to the level of 1.27420 at 38.2% Fibonacci before continue it’s decline
to the level of 1.24280, stability of the level 38.2% Fibonacci
necessary to achieve this expectation.
GBP/USD :We expect for the pair Sterling
against the U.S. dollar to do a corrective movement to the level of
38.2% Fibonacci at the price of 1.47400, and then decline to achieve our
target at 1.44650.
USD/JPY :The pair neared the first awaited
target at 92.30 and rebounded upwards due to the positive effect of
momentum indicators, we expect that the pair will decline to retest
again the level of 92.300.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN
Broker , Currency
Online Trading , Low
Spread , Free
Trading Software
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