Technical Analysis 24/05/2010 FXCBS
Monday May 24 , 2010
Previous session overview
The pair Euro against the U.S. dollar traded during the Asian session
between the highest level at 1.25632 and the lowest level at 1.24804,
the pair trading now around the level of 1.25022.
The pair Sterling against the U.S. dollar traded during the Asian
session between the highest level at 1.44975 and the lowest level at
1.44145, the pair trading now around the level of 1.44906.
Finally , the pair U.S. dollar against the Japanese Yen traded in a
narrow range between the highest level at 90.362 and the lowest level
at 89.744 , the pair trading now around the level of 90.189.
Market Expectations
EUR/USD :We expect a bullish trend today
for the pair Euro against the U.S. dollar targeting mainly 1.26520,
stochastic indicators support our expectation, stability of trading
above the level of 1.24030 necessary to achieve these expectation.
GBP/USD :We expect some fluctuation for
the pair Sterling against the U.S. dollar between 23.6% and 38.2%
Fibonacci correctional levels , then follow by a bullish to the target
1.46370 , these expectation require stability of trading above the
level of 1.42750 .
USD/JPY :Positive signs are
appearing on momentum indicators for the pair U.S. dollar against the
Japanese Yen may push it to retest the level before resuming the
bearish direction for today targeting 89.560 then attempting to pave
the way towards 89.200 .
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
Previous session overview
The pair Euro against the U.S. dollar traded during the Asian session
between the highest level at 1.25632 and the lowest level at 1.24804,
the pair trading now around the level of 1.25022.
The pair Sterling against the U.S. dollar traded during the Asian
session between the highest level at 1.44975 and the lowest level at
1.44145, the pair trading now around the level of 1.44906.
Finally , the pair U.S. dollar against the Japanese Yen traded in a
narrow range between the highest level at 90.362 and the lowest level
at 89.744 , the pair trading now around the level of 90.189.
Market Expectations
EUR/USD :We expect a bullish trend today
for the pair Euro against the U.S. dollar targeting mainly 1.26520,
stochastic indicators support our expectation, stability of trading
above the level of 1.24030 necessary to achieve these expectation.
GBP/USD :We expect some fluctuation for
the pair Sterling against the U.S. dollar between 23.6% and 38.2%
Fibonacci correctional levels , then follow by a bullish to the target
1.46370 , these expectation require stability of trading above the
level of 1.42750 .
USD/JPY :Positive signs are
appearing on momentum indicators for the pair U.S. dollar against the
Japanese Yen may push it to retest the level before resuming the
bearish direction for today targeting 89.560 then attempting to pave
the way towards 89.200 .
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
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