Technical Analysis 23/03/2010 of FXCBS
Tuesday March 23 , 2010
Previous session overview
The euro dollar pair is trading between 1.35700 levels and 1.35100
levels recording a high of 1.35691and a low of 1.35141, having the
union currency trading around 1.35152.
The pound dollar pair recorded a low of 1.50525 and a high of 1.51119, having the royal currency trading around 1.50602.
Finally, the dollar yen pair is trading between the high of 90.379 and
a low of 90.060, while the pair is currently trading around 90.331.
Market Expectations
EUR/USD :The Euro against U.S. dollar
failed yesterday to settle below the level of 1.34850, as a result the
pair shifted to the level of 1.35750 to get rid of the determination
which is showed through the indicators, Stochastic appears saturated in
the procurement process which may lead the pair to re-test stability
below the level of 1.34850, and therefore we expect a bearish movement
for the pair during today’s session.
GBP/USD : Stochastic for the pair
sterling against the U.S. dollar appears saturated in the procurement
process on the chart for four hours, which may lead to a bearish trend
for the pair during the trading today , and we expect that the pair
starts the fifth bearish wave (Fifth Elliott wave )during the trading
today .
USD/JPY :The major confliction between
the stochastic could point to a bullish rebound and between the RSI
indexes that seems to have failed in building a base above 50 points.
From here, we shall stay neutral for some time until insuring signs
emerge for the direction. Any trading between 91.000 and 89.750 will
leave the pair in a sideway direction.
Senior Analyst / Ali Hasan /FXCBS
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Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
Previous session overview
The euro dollar pair is trading between 1.35700 levels and 1.35100
levels recording a high of 1.35691and a low of 1.35141, having the
union currency trading around 1.35152.
The pound dollar pair recorded a low of 1.50525 and a high of 1.51119, having the royal currency trading around 1.50602.
Finally, the dollar yen pair is trading between the high of 90.379 and
a low of 90.060, while the pair is currently trading around 90.331.
Market Expectations
EUR/USD :The Euro against U.S. dollar
failed yesterday to settle below the level of 1.34850, as a result the
pair shifted to the level of 1.35750 to get rid of the determination
which is showed through the indicators, Stochastic appears saturated in
the procurement process which may lead the pair to re-test stability
below the level of 1.34850, and therefore we expect a bearish movement
for the pair during today’s session.
GBP/USD : Stochastic for the pair
sterling against the U.S. dollar appears saturated in the procurement
process on the chart for four hours, which may lead to a bearish trend
for the pair during the trading today , and we expect that the pair
starts the fifth bearish wave (Fifth Elliott wave )during the trading
today .
USD/JPY :The major confliction between
the stochastic could point to a bullish rebound and between the RSI
indexes that seems to have failed in building a base above 50 points.
From here, we shall stay neutral for some time until insuring signs
emerge for the direction. Any trading between 91.000 and 89.750 will
leave the pair in a sideway direction.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
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