Technical Analysis 16/02/10 of FXCBS
This is Technical analysis daily provided by specialists and analysts from FXCBS
Wednesday February 17 , 2010
Previous session overview
The euro dollar pair is consolidating between the 1.37820 levels and
1.37370 levels recording a high of 1.37815 and a low of 1.37378, having
the union currency trading around 1.37457.
Regarding the pound dollar pair, it is fluctuating between a high of
1.57921 and a low of 1.57596, having the royal currency trading around
1.57711.
Finally, the dollar yen pair is trading between a high of 90.370and a
low of 90.125, and the pair is currently trading around 90.218.
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
Wednesday February 17 , 2010
Previous session overview
The euro dollar pair is consolidating between the 1.37820 levels and
1.37370 levels recording a high of 1.37815 and a low of 1.37378, having
the union currency trading around 1.37457.
Regarding the pound dollar pair, it is fluctuating between a high of
1.57921 and a low of 1.57596, having the royal currency trading around
1.57711.
Finally, the dollar yen pair is trading between a high of 90.370and a
low of 90.125, and the pair is currently trading around 90.218.
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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