JDFN Financial Network

Technical Analysis 19/03/2010 of FXCBS

Friday March 19 , 2010

Previous session overview

The euro dollar pair is consolidating between the 1.36300 levels and
1.36000 levels recording a high of 1.36267 and a low of 1.35984, having
the union currency trading around 1.36160.

Regarding the pound dollar pair, it is trading between a high of 1.52554
and a low of 1.51636, having the royal currency trading around 1.51800
levels.

Finally, the dollar yen pair is trading between a high of 90.597 and a
low of 90.337, and the pair is currently trading around 90.521.

Market Expectations

EUR/USD :The pair euro against the U.S. dollar achieved our expectations yesterday with high accuracy, we expect a
further drop today aimed at the level of support 1.35650 and we expect a
breakthrough for this level to head towards the goal 1.35200, these
expectations requires constant trading below the level of 1.36500.



GBP/USD : The pair sterling against the U.S. dollar achieved our expectations yesterday,
touching the precise level of support at 1.52250, and completed the
landing with the start of trading today to close a candle four hours
below that level; we expect a further drop today aimed first at the
level of 1.51000 and then 1.50650



USD/JPY :WWe expect a bearish direction over an intraday basis, which will start with the
breach of 90.000 and head towards 89.450 then 89.000. Keep an eye on
90.650, where the four hour candlestick closing above it will pave the
way for a temporary ascend that targets 91.500 mainly.





Senior Analyst / Ali Hasan /('/outgoing/http_www_fxcbs_com_');" rel="nofollow" href="http://www...

('/outgoing/http_www_fxcbs_com_newsletter_daily_html');" rel="nofol...

('/outgoing/http_www_fxcbs_com_');" rel="nofollow" href="http://www... , ('/outgoing/http_www_fxcbs_com_');" rel="nofollow" href="http://www...
, ('/outgoing/http_www_fxcbs_com_');" rel="nofollow" href="http://www... , Free Trading
Software


('/outgoing/https_messenger_providesupport_com_messenger_fienex_html_ps_s_2C05nc1eqAsA');" rel="nofollow" href="https://messenger.providesupport.com/messenger/fienex.html?ps_s=2C05nc1eqAsA" target="_blank"">
Edit/Delete Message

Views: 0

Reply to This

About

James Dicks created this Ning Network.

© 2025   Created by James Dicks.   Powered by

Badges  |  Report an Issue  |  Terms of Service