Technical Analysis 18/03/2010 of FXCBS
Thursday March 18 , 2010
Previous session overview
The euro dollar Pair traded during the Asian trading in a narrow down
trend range between the lowest price at 1.36664 and the highest at
1.37409. The pair is currently trading around 1.36710.
The Sterling against the dollar pair also traded in a narrow slanting
range between lowest level at 1.52707 and highest level at 1.53239,
where the pair traded now at 1.5297.
Dollar against the yen traded in the Asian session between lowest level
at 90.060 and highest level at 90.421, which is now traded at 90.250
levels between.
Market Expectations
EUR/USD :The pair euro against the U.S. dollar moved downwards with the beginning of trading session to the
support level at 1.36650, we expect a breakthrough for this level
during the day to the level of 1.36200 and then 1.35850.
GBP/USD : Downward trend technical model has been formed on the charts of the pair
sterling against the U.S. dollar, After the pair completed its
correction yesterday at the level of 50% Fibonacci since declining from
the level 1.64000, We expect today's trend a downward trend for the pair
to the level of 1.52250 if the pair breaks through this level we may
achieve the level of 1.51000.
USD/JPY :We expect a bearish direction over a short term trend that will start with
the breach of the mentioned neckline and towards 89.450 – 89.000 as
primary targets, followed by 88.220. Keep in mind that these
expectations requires to stabilize under the main levels of 90.00 and
90.650
Senior Analyst / Ali Hasan /FXCBS
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Previous session overview
The euro dollar Pair traded during the Asian trading in a narrow down
trend range between the lowest price at 1.36664 and the highest at
1.37409. The pair is currently trading around 1.36710.
The Sterling against the dollar pair also traded in a narrow slanting
range between lowest level at 1.52707 and highest level at 1.53239,
where the pair traded now at 1.5297.
Dollar against the yen traded in the Asian session between lowest level
at 90.060 and highest level at 90.421, which is now traded at 90.250
levels between.
Market Expectations
EUR/USD :The pair euro against the U.S. dollar moved downwards with the beginning of trading session to the
support level at 1.36650, we expect a breakthrough for this level
during the day to the level of 1.36200 and then 1.35850.
GBP/USD : Downward trend technical model has been formed on the charts of the pair
sterling against the U.S. dollar, After the pair completed its
correction yesterday at the level of 50% Fibonacci since declining from
the level 1.64000, We expect today's trend a downward trend for the pair
to the level of 1.52250 if the pair breaks through this level we may
achieve the level of 1.51000.
USD/JPY :We expect a bearish direction over a short term trend that will start with
the breach of the mentioned neckline and towards 89.450 – 89.000 as
primary targets, followed by 88.220. Keep in mind that these
expectations requires to stabilize under the main levels of 90.00 and
90.650
Senior Analyst / Ali Hasan /FXCBS
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