Technical Analysis 15/04/2010 of FXCBS
Thursday April 15 , 2010
Previous session overview
EUR fell against the dollar, currently trading at levels of 1.36374
after hitting its highest level at 1.36667 and the lowest level at
1.36296; on the other hand, this down movement may continue to the
level of 1.36000.
The pair sterling against the U.S. dollar rose during the Asian session
to achieve the highest level at 1.55217, and the lowest level was at
1.54590, the pair trading now around the level of 1.55082.
Finally the pair U.S. dollar against the Japanese Yen traded in a
narrow range during the Asian session between the highest level at
93.523 and the lowest level at 93.187 , the pair trading now around the
level of 93.307.
Market Expectations
EUR/USD : Today we expect a bearish
direction for the pair euro against the U.S. dollar to touch the
support level at 1.35900 to get rid of the negative signs that show
through determined indicators , followed by upward turning point for
the pair to achieve the target of 1.37250 then 1.37850 , these
expectation require stability of trading above the level of 1.35250.
GBP/USD :Today, we expect for the pair
sterling against the U.S. dollar some volatility around the level of
1.55000 before continuing the journey towards to the target of 1.56650
boarding at the corrective level at 61.8% Fibonacci, these expectations
require at least the stability of the trading today above the level of
1.54500.
USD/JPY :We await a clear breach for the
neckline at 93.650, which will open the way towards targets at 94.450
and 95.350. Our expectations are supported by upside signals from
Stochastic, which require steady trading above 92.550.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
Previous session overview
EUR fell against the dollar, currently trading at levels of 1.36374
after hitting its highest level at 1.36667 and the lowest level at
1.36296; on the other hand, this down movement may continue to the
level of 1.36000.
The pair sterling against the U.S. dollar rose during the Asian session
to achieve the highest level at 1.55217, and the lowest level was at
1.54590, the pair trading now around the level of 1.55082.
Finally the pair U.S. dollar against the Japanese Yen traded in a
narrow range during the Asian session between the highest level at
93.523 and the lowest level at 93.187 , the pair trading now around the
level of 93.307.
Market Expectations
EUR/USD : Today we expect a bearish
direction for the pair euro against the U.S. dollar to touch the
support level at 1.35900 to get rid of the negative signs that show
through determined indicators , followed by upward turning point for
the pair to achieve the target of 1.37250 then 1.37850 , these
expectation require stability of trading above the level of 1.35250.
GBP/USD :Today, we expect for the pair
sterling against the U.S. dollar some volatility around the level of
1.55000 before continuing the journey towards to the target of 1.56650
boarding at the corrective level at 61.8% Fibonacci, these expectations
require at least the stability of the trading today above the level of
1.54500.
USD/JPY :We await a clear breach for the
neckline at 93.650, which will open the way towards targets at 94.450
and 95.350. Our expectations are supported by upside signals from
Stochastic, which require steady trading above 92.550.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
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