Technical Analysis 16/04/2010 of FXCBS
Friday April 16 , 2010
Previous session overview
The pair euro against U.S. dollar traded in a narrow range during the
Asian session, the highest level was at 1.35846, and the lowest was at
1.35322, the pair trading now around the level of 1.35407.
The pair sterling against the U.S. dollar also traded in a narrow range
during the Asian session, the lowest price for the pair was at 1.54120
and the highest price was at 1.55059, the pair now trading around the
level of 1.54170.
Finally the pair U.S. dollar against the Japanese Yen traded during the
Asian session between the highest level at 93.141 and the lowest level
at 92.592 , the pair trading now around the level of 92.647.
Market Expectations
EUR/USD :The pair euro against the
U.S. dollar can cover the price gap which was achieved previously, we
expect today that the pair will touch the support level at 1.34800 then
turns up to the level 1.36250, Determined indicators show saturation in
sales, which leads us to expect that that, stability of trading above
the level of 1.34800 necessary to achieve those expectations.
GBP/USD :The level of 1.53800 is strong
support for the pair sterling against the U.S. dollar, the pair
approaching to get rid of the negative signs that are shown through the
determined indicators. Therefore today we expect an upward trend to the
level of 1.55450 then to the level of 1.56350, closing a four hour over
the level of 1.53800 necessary to achieve these expectations.
USD/JPY :The pair U.S. dollar
against the Japanese Yen stabilized below the 50 MA make us expect a
bearish intraday direction that will start with a clear breach for the
mentioned support targeting 91.550, this requires a stable trading
below 93.620.
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 during the
Asian session, the highest level was at 1.35846, and the lowest was at
1.35322, the pair trading now around the level of 1.35407.
The pair sterling against the U.S. dollar also traded in a narrow range
during the Asian session, the lowest price for the pair was at 1.54120
and the highest price was at 1.55059, the pair now trading around the
level of 1.54170.
Finally the pair U.S. dollar against the Japanese Yen traded during the
Asian session between the highest level at 93.141 and the lowest level
at 92.592 , the pair trading now around the level of 92.647.
Market Expectations
EUR/USD :The pair euro against the
U.S. dollar can cover the price gap which was achieved previously, we
expect today that the pair will touch the support level at 1.34800 then
turns up to the level 1.36250, Determined indicators show saturation in
sales, which leads us to expect that that, stability of trading above
the level of 1.34800 necessary to achieve those expectations.
GBP/USD :The level of 1.53800 is strong
support for the pair sterling against the U.S. dollar, the pair
approaching to get rid of the negative signs that are shown through the
determined indicators. Therefore today we expect an upward trend to the
level of 1.55450 then to the level of 1.56350, closing a four hour over
the level of 1.53800 necessary to achieve these expectations.
USD/JPY :The pair U.S. dollar
against the Japanese Yen stabilized below the 50 MA make us expect a
bearish intraday direction that will start with a clear breach for the
mentioned support targeting 91.550, this requires a stable trading
below 93.620.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
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