Technical Analysis 2/06/2010 FXCBS
Wednesday June 2 , 2010
Previous session overview
The pair Euro against the pair U.S. dollar traded during the Asian
session between the highest level at 1.22631 and the lowest level at
1.21850, the pair trading now around the level of 1.22176.
The pair Sterling against the pair U.S. dollar traded during the Asian
session between the highest level at 1.47504 and the lowest level at
1.46297 , the pair trading now around the level of 1.47336.
Finally , the pair U.S. dollar against the Japanese Yen traded during
the Asian session between the highest level at 91.781and the lowest
level at 90.873 , the pair trading now around the level of 91.465.
Market Expectations
EUR/USD :etermined indicators shows
negative signs for the pair Euro against the U.S. dollar, which may
lead the pair to decline again to retest the support level at 1.21680,
then arrive to the target of 1.19830, stability of trading below the
resistance level 1.23750 necessary to achieve these expectations.
GBP/USD :etermined indicators for the
pair Sterling against the U.S. dollar for the four hours chart shows
negative signs which may lead the pair to decline and retest the level
of 1.44990, then to the target of 1.43590, stability of trading below
the level of 1.48040 is necessary to achieve these expectations.
USD/JPY :Stochastic for the pair U.S.
dollar is still giving off negative signs; thus making us hold onto our
previous expectations that point to an expected bearish trend today;
the first key target will remain at 90.050.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
Previous session overview
The pair Euro against the pair U.S. dollar traded during the Asian
session between the highest level at 1.22631 and the lowest level at
1.21850, the pair trading now around the level of 1.22176.
The pair Sterling against the pair U.S. dollar traded during the Asian
session between the highest level at 1.47504 and the lowest level at
1.46297 , the pair trading now around the level of 1.47336.
Finally , the pair U.S. dollar against the Japanese Yen traded during
the Asian session between the highest level at 91.781and the lowest
level at 90.873 , the pair trading now around the level of 91.465.
Market Expectations
EUR/USD :etermined indicators shows
negative signs for the pair Euro against the U.S. dollar, which may
lead the pair to decline again to retest the support level at 1.21680,
then arrive to the target of 1.19830, stability of trading below the
resistance level 1.23750 necessary to achieve these expectations.
GBP/USD :etermined indicators for the
pair Sterling against the U.S. dollar for the four hours chart shows
negative signs which may lead the pair to decline and retest the level
of 1.44990, then to the target of 1.43590, stability of trading below
the level of 1.48040 is necessary to achieve these expectations.
USD/JPY :Stochastic for the pair U.S.
dollar is still giving off negative signs; thus making us hold onto our
previous expectations that point to an expected bearish trend today;
the first key target will remain at 90.050.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
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