Technical Analysis 21/04/2010 of FXCBS
Wednesday April 21 , 2010
Previous session overview
The pair of Euro against the U.S. dollar traded in a narrow range
during the Asian session between the highest level at 1.34458 and the
lowest level at 1.33979, the pair now trading around the level of
1.34287.
Also the pair sterling against the U.S. dollar traded in a narrow range
during the Asian session, between the highest price at 1.53999 and the
lowest price at 1.53326, the pair trading now around the level of
1.53959.
Finally the pair U.S. dollar against the Japanese Yen traded at the
Asia session between the highest level at 93.282 and the lowest level
at 92.972 , the pair trading now near to the level of 93.218.
Market Expectations
EUR/USD :The pair Euro against U.S. dollar reaches our target with high
accuracy at the resistance level 1.35250 yesterday, then fall back to
re-examine the support level at 1.33950, determined indicators show
positive signs that may lead the pair to rise again to the resistance
level at 1.35250.
GBP/USD : etermined Indicators for a couple of sterling against the U.S. dollar
shows a positive signals which may lead the pair to rise to the level
of 1.54800, stability of trading above the level 1.52850 necessary to
achieve these expectations.
USD/JPY :We expect bearish intraday direction that will start when 92.820 is
breached and heads towards 91.650. The breach of 93.450 will pave the
way for a bullish rebound; determined indicators support our
expectations.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
Previous session overview
The pair of Euro against the U.S. dollar traded in a narrow range
during the Asian session between the highest level at 1.34458 and the
lowest level at 1.33979, the pair now trading around the level of
1.34287.
Also the pair sterling against the U.S. dollar traded in a narrow range
during the Asian session, between the highest price at 1.53999 and the
lowest price at 1.53326, the pair trading now around the level of
1.53959.
Finally the pair U.S. dollar against the Japanese Yen traded at the
Asia session between the highest level at 93.282 and the lowest level
at 92.972 , the pair trading now near to the level of 93.218.
Market Expectations
EUR/USD :The pair Euro against U.S. dollar reaches our target with high
accuracy at the resistance level 1.35250 yesterday, then fall back to
re-examine the support level at 1.33950, determined indicators show
positive signs that may lead the pair to rise again to the resistance
level at 1.35250.
GBP/USD : etermined Indicators for a couple of sterling against the U.S. dollar
shows a positive signals which may lead the pair to rise to the level
of 1.54800, stability of trading above the level 1.52850 necessary to
achieve these expectations.
USD/JPY :We expect bearish intraday direction that will start when 92.820 is
breached and heads towards 91.650. The breach of 93.450 will pave the
way for a bullish rebound; determined indicators support our
expectations.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
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