Technical Analysis 18/02/10 of FXCBS
This is Technical analysis daily provided by specialists and analysts from FXCBS
Thursday February 18 , 2010
Previous session overview
The euro dollar pair declined to record a low of 1.35394 and a high of
1.36128, having the union currency trading around 1.35480.
As for the pound dollar pair, it fell slightly to record a low of
1.56171 and a high of 1.56876, having the royal currency trading around
1.56220.
Finally, the dollar yen pair is consolidating between a high of 91.15
and a low of 90.87, and the pair is currently trading around 90.95.
Market Expectations
EUR/USD :
The pair Euro against the U.S. dollar fell sharply yesterday and close
to the support level at 1.35300, we expect today some of the corrective
movement to the pair because of saturation in sales emerge from the
technical indicators, but the overall trend remains downward for the
pair, and that require of steady the price below 1.36650.
GBP/USD :
The pair sterling against U.S dollar recoiled yesterday after touching
the resistance point at 1.58100 which prompting the pair to decline ,
we are expecting today to move closer to the support level again and
test it , we are keeping our expectations as it was , this expectation
require stability of trading below 1.57650.
USD/JPY :
Our previous expectations of an intraday bearish direction is still
intact; first target is at support for the ascending channel 90.100
then attempting to breach it and head towards levels around 89.250. The
breach of the mentioned top and remaining intact above will weaken
chances of achieving 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
Thursday February 18 , 2010
Previous session overview
The euro dollar pair declined to record a low of 1.35394 and a high of
1.36128, having the union currency trading around 1.35480.
As for the pound dollar pair, it fell slightly to record a low of
1.56171 and a high of 1.56876, having the royal currency trading around
1.56220.
Finally, the dollar yen pair is consolidating between a high of 91.15
and a low of 90.87, and the pair is currently trading around 90.95.
Market Expectations
EUR/USD :
The pair Euro against the U.S. dollar fell sharply yesterday and close
to the support level at 1.35300, we expect today some of the corrective
movement to the pair because of saturation in sales emerge from the
technical indicators, but the overall trend remains downward for the
pair, and that require of steady the price below 1.36650.
GBP/USD :
The pair sterling against U.S dollar recoiled yesterday after touching
the resistance point at 1.58100 which prompting the pair to decline ,
we are expecting today to move closer to the support level again and
test it , we are keeping our expectations as it was , this expectation
require stability of trading below 1.57650.
USD/JPY :
Our previous expectations of an intraday bearish direction is still
intact; first target is at support for the ascending channel 90.100
then attempting to breach it and head towards levels around 89.250. The
breach of the mentioned top and remaining intact above will weaken
chances of achieving 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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