Technical Analysis 22/03/2010 of FXCBS
Monday March 22 , 2010
Previous session overview
The euro dollar pair extended its last week's decline recording a low
of 1.34899 and a high of 1.35366, having the union currency trading
around 1.35061.
Regarding the pound dollar pair, it continued to drop recording a low
of 1.49319 and a high of 1.50241, having the royal currency trading
around 1.49567.
Finally, the dollar yen pair is consolidating between a high of 90.770
and a low of 90.415, while it is currently trading around 90.740.
Market Expectations
EUR/USD :The of EUR against the U.S.
dollar failed to settle above the level of 1.38000 which led the pair
to retest the support level at 1.34850, bearish signals shows for the
pair through the chart and technical indicators confirms that, which
made us predict bearish movement for the pair today and the rest of the
week, we may see today some of the volatility for the pair around the
level of support which mentioned before continuing the decline.
GBP/USD : The pair sterling against U.S
dollar failed to stabilize on the level of 50% over the past week at a
price of 1.52650, which prompts the pair to drop back to the levels of
1.49500, RSI on the weekly chart still pushes the pair to decline,
which leads us to keep our expectations in landing during the trading
today.
USD/JPY :The pair U.S dollar against
Japanese Yen failed to stabilize below 89.650 and will stay on sideway
trading in attempt to achieve the ongoing bullish direction. We hold
onto the neutral stance throughout the day. We recommend following up
with the daily report and keeping up with the pair's movement towards
92.250 and 89.650.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
Previous session overview
The euro dollar pair extended its last week's decline recording a low
of 1.34899 and a high of 1.35366, having the union currency trading
around 1.35061.
Regarding the pound dollar pair, it continued to drop recording a low
of 1.49319 and a high of 1.50241, having the royal currency trading
around 1.49567.
Finally, the dollar yen pair is consolidating between a high of 90.770
and a low of 90.415, while it is currently trading around 90.740.
Market Expectations
EUR/USD :The of EUR against the U.S.
dollar failed to settle above the level of 1.38000 which led the pair
to retest the support level at 1.34850, bearish signals shows for the
pair through the chart and technical indicators confirms that, which
made us predict bearish movement for the pair today and the rest of the
week, we may see today some of the volatility for the pair around the
level of support which mentioned before continuing the decline.
GBP/USD : The pair sterling against U.S
dollar failed to stabilize on the level of 50% over the past week at a
price of 1.52650, which prompts the pair to drop back to the levels of
1.49500, RSI on the weekly chart still pushes the pair to decline,
which leads us to keep our expectations in landing during the trading
today.
USD/JPY :The pair U.S dollar against
Japanese Yen failed to stabilize below 89.650 and will stay on sideway
trading in attempt to achieve the ongoing bullish direction. We hold
onto the neutral stance throughout the day. We recommend following up
with the daily report and keeping up with the pair's movement towards
92.250 and 89.650.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
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