Technical Analysis 16/02/10 of FXCBS
This is Technical analysis daily provided by specialists and analysts from FXCBS
Tuesday February 16 , 2010
Previous session overview
The euro dollar pair inclined to record a high of 1.36822 and a low of
1.35878, having the union currency trading around 1.36709.
Regarding the pound dollar pair recorded a high of 1.57289 and a low of 1.56536, having the royal pound trading around 1.57169.
Finally, the dollar, declined against its Japanese counterpart
recording a low of 89.706 and a high of 90.073, and the pair is
currently trading around 89.906.
Market Expectations
EUR/USD :
We expect an upward trend today for a couple of the euro against the
U.S. dollar ,and starts after breakthrough the level of 1.36920 the aim
at the level of 1.38000, this expectation requires stability of trading
above 1.35500.
GBP/USD :
The levels of 1.57650 is still a strong resistance to the rise for the
pair sterling against the U.S. dollar, and we expect today that the
pair once again trying to break this level and we expect that up to
levels of 1.58650 and further, to 1.59000.
USD/JPY :
Today we expect a downward trend and the expected goals located at
88.890 followed by 88.230, with the need to close the four hours candle
below a 90.450 to ensure these expectations.
Senior Analyst / Ali Hasan /FXCBS
http://www.fxcbs.com/newsletter/daily.html
Forex ECN Broker|Currency Online Trading| Low Spread| Free Trading Software
Tuesday February 16 , 2010
Previous session overview
The euro dollar pair inclined to record a high of 1.36822 and a low of
1.35878, having the union currency trading around 1.36709.
Regarding the pound dollar pair recorded a high of 1.57289 and a low of 1.56536, having the royal pound trading around 1.57169.
Finally, the dollar, declined against its Japanese counterpart
recording a low of 89.706 and a high of 90.073, and the pair is
currently trading around 89.906.
Market Expectations
EUR/USD :
We expect an upward trend today for a couple of the euro against the
U.S. dollar ,and starts after breakthrough the level of 1.36920 the aim
at the level of 1.38000, this expectation requires stability of trading
above 1.35500.
GBP/USD :
The levels of 1.57650 is still a strong resistance to the rise for the
pair sterling against the U.S. dollar, and we expect today that the
pair once again trying to break this level and we expect that up to
levels of 1.58650 and further, to 1.59000.
USD/JPY :
Today we expect a downward trend and the expected goals located at
88.890 followed by 88.230, with the need to close the four hours candle
below a 90.450 to ensure these expectations.
Senior Analyst / Ali Hasan /FXCBS
http://www.fxcbs.com/newsletter/daily.html
Forex ECN Broker|Currency Online Trading| Low Spread| Free Trading Software
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