Technical Analysis 23/02/10 of FXCBS
This is Technical analysis daily provided by specialists and analysts In FXCBS
Tuesday February 23 , 2010
Previous session overview
The euro dollar pair rose slightly recording a high of 1.36784 and a
low of 1.35886, having the 16 nation's currency trading around 1.36669.
As for the pound dollar pair, it inclined in the Asian session for the
second straight day recording a high of 1.55749 and a low of 1.54751,
having the royal currency trading around 1.55578.
Finally, the American dollar continued to weaken against the Japanese
yen, and the pair recorded a low of 90.851 and a high of 91.289, it is
currently trading around 90.901.
Market Expectations
EUR/USD :
Today we expect an upward trend for the pair euro against the U.S.
dollar to the target level of 1.37850, the determined indicators
supports our expectations which shows positive signs, to achieve this
expectations we need a stable of trading above the level of 1.35850.
GBP/USD :
The pair sterling against the U.S dollar is to break through the
resistance level at 1.55550 ,we must wait for the four hours candle to
close above this level to confirm the completion of the rise for the
pair towards to the level of 1.57650.
USD/JPY :
The pair continued its gradual descend we expect a bearish intraday
direction that primary targets are at 89.450 then 88.980. The bearish
technical pattern will be completed when main support is breached and
then require trading to remain below 91.300 to maintain chances of
achieving its targets.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
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Tuesday February 23 , 2010
Previous session overview
The euro dollar pair rose slightly recording a high of 1.36784 and a
low of 1.35886, having the 16 nation's currency trading around 1.36669.
As for the pound dollar pair, it inclined in the Asian session for the
second straight day recording a high of 1.55749 and a low of 1.54751,
having the royal currency trading around 1.55578.
Finally, the American dollar continued to weaken against the Japanese
yen, and the pair recorded a low of 90.851 and a high of 91.289, it is
currently trading around 90.901.
Market Expectations
EUR/USD :
Today we expect an upward trend for the pair euro against the U.S.
dollar to the target level of 1.37850, the determined indicators
supports our expectations which shows positive signs, to achieve this
expectations we need a stable of trading above the level of 1.35850.
GBP/USD :
The pair sterling against the U.S dollar is to break through the
resistance level at 1.55550 ,we must wait for the four hours candle to
close above this level to confirm the completion of the rise for the
pair towards to the level of 1.57650.
USD/JPY :
The pair continued its gradual descend we expect a bearish intraday
direction that primary targets are at 89.450 then 88.980. The bearish
technical pattern will be completed when main support is breached and
then require trading to remain below 91.300 to maintain chances of
achieving its targets.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker|Currency Online Trading| Low Spread| Free Trading Software
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