Technical Analysis 17/05/2010 of FXCBS
Monday May 17 , 2010
Previous session overview
The pair Euro against the U.S. dollar traded in the Asian session
between the lowest price at 1.2239 which is the lowest price since 16
April 2006 and the highest price at 1.23719, the pair trading now around
the level of 1.22741.
The pair Sterling against the U.S. dollar traded between the lowest
price at 1.42497 which is the lowest price since 31 March 2009 and the
highest price at 1.45453, the pair trading now around the level of
1.43622.
Finally the pair U.S. dollar against the Japanese Yen traded during the
Asian session between the lowest price at 91.764 and the highest price
at 92.404 , the pair trading now around the level 92.081.
Market Expectations
EUR/USD : The pair of the euro against the U.S. dollar still
under pressure as a result of negative sovereign debt crisis that has
swept the European Union the penetration of the support level at 1.24160
today when the market open will opens the way to decline to the new
target around the level of 1.21500 then the level of 1.20000, but we may
see some corrective movement today to retest the penetrating support
level at 1.24160 before these expectation happen.
GBP/USD : etermined indicators for the pair Sterling against the
U.S. dollar show a positive sings which may lead the pair to small
corrective, but the general trend still down to the expected level at
1.41520 then to the level 1.40000, we are waiting a penetration to the
support level at 1.42500 to achieve these expectations.
USD/JPY :We expect more bearish movement today for the pair U.S.
dollar against the Japanese Yen to the level of 91.500, but we should
monitor the support level at 91.100, determined indicators show negative
signs that support our expectations.
Senior Analyst / Ali Hasan /FXCBS
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Forex
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Previous session overview
The pair Euro against the U.S. dollar traded in the Asian session
between the lowest price at 1.2239 which is the lowest price since 16
April 2006 and the highest price at 1.23719, the pair trading now around
the level of 1.22741.
The pair Sterling against the U.S. dollar traded between the lowest
price at 1.42497 which is the lowest price since 31 March 2009 and the
highest price at 1.45453, the pair trading now around the level of
1.43622.
Finally the pair U.S. dollar against the Japanese Yen traded during the
Asian session between the lowest price at 91.764 and the highest price
at 92.404 , the pair trading now around the level 92.081.
Market Expectations
EUR/USD : The pair of the euro against the U.S. dollar still
under pressure as a result of negative sovereign debt crisis that has
swept the European Union the penetration of the support level at 1.24160
today when the market open will opens the way to decline to the new
target around the level of 1.21500 then the level of 1.20000, but we may
see some corrective movement today to retest the penetrating support
level at 1.24160 before these expectation happen.
GBP/USD : etermined indicators for the pair Sterling against the
U.S. dollar show a positive sings which may lead the pair to small
corrective, but the general trend still down to the expected level at
1.41520 then to the level 1.40000, we are waiting a penetration to the
support level at 1.42500 to achieve these expectations.
USD/JPY :We expect more bearish movement today for the pair U.S.
dollar against the Japanese Yen to the level of 91.500, but we should
monitor the support level at 91.100, determined indicators show negative
signs that support our expectations.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex
ECN Broker , Currency
Online Trading , Low
Spread , Free
Trading Software
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