JDFN Financial Network

Technical Analysis 22/04/2010 of FXCBS

Thursday April 22 , 2010

Previous session overview

The pair Euro against the U.S. dollar traded in a narrow range during
the Asian session between the highest level at 1.33972 and the lowest
level at 1.33736, the pair is now trading around the level of 1.33941.

The pair sterling against the U.S. dollar also traded in a narrow range
during the Asian session between the highest level at 1.54320 and the
lowest level at 1.53990, the pair is trading now around the level of
1.54273.

Finally the pair U.S. dollar against Japanese Yen traded between the
lowest price at the level of 92.743 and the highest price at the level
of 93.187 , the pair trading now around the level of 92.887.

Market Expectations

EUR/USD :Trading for the pair the euro
against the U.S. dollar still confined within a narrow range,
determined Indicators show a positive sign lead us to expect an upward
trend for the pair today; Our primary expectation level is at the
resistance level of 1.34050 then to the target of 1.34850 and 1.35250.




GBP/USD
:Today, we expect bullish
movement for a couple of sterling against the U.S. dollar to the level
of 1.55000 , then turns down towards to the target 1.53000, stability
of trading below the level of 1.55180 necessary to achieve this
expectations .




USD/JPY
:The pair U.S dollar
against the Japanese Yen could not achieve a breakthrough to the level
of 93.450, So today we expect that the pair will fall to the level of
91.550 , these expectations require close four hours candle below the
level of 93.450.



Senior Analyst / Ali Hasan /FXCBS

Newsletter

Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software



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