Technical Analysis 25/01/10 of FXCBS
This is Technical analysis daily and provided by specialists and analysts from FXCBS
Monday Jan 25, 2010
Previous session overview
The euro dollar inclined slightly recording a high of 1.41733 and a low
of 1.41334, having the 16 nations' currency trading around 1.41371.
Regarding the pound dollar pair, it is consolidating between 1.61488
and 1.60881 recording a high of 1.61366 and a low of 1.60881, and the
royal pound it currently trading around 1.61377.
Finally, the dollar yen pair is currently consolidating around 90.097 recording a high of 90.331 and a low of 89.8140.
Market Expectations
EUR/USD :
Pair the euro against the U.S. dollar has fallen sharply over the last
week, touching the levels of 1.40200; Stochastic appears saturated in
sales, which may lead the pair to make a corrective movement to the
level of 1.43000 before returning to continue its decline to the new
goals at 1.38650.
GBP/USD :
Pair sterling against the U.S. dollar has also dropped sharply during
trading last week, achieving the lowest levels at 1.60770, we expect
this decline will continuo this day toward the goal at 1.59250, and
this expectation requires constant trading below 1.62400.
USD/JPY :
The dollar against the yen is still trading in a bearish channel, and
we expect the downward will continue this day for a couple to the
target levels of 88,350 initially and then 87,000, these expectations
require stability of the daily closing below 92,000.
Senior Analyst / Ali Hasan /FXCBS
Forex ECN Broker|Currency Online Trading| Low Spread| Free Trading Software
Monday Jan 25, 2010
Previous session overview
The euro dollar inclined slightly recording a high of 1.41733 and a low
of 1.41334, having the 16 nations' currency trading around 1.41371.
Regarding the pound dollar pair, it is consolidating between 1.61488
and 1.60881 recording a high of 1.61366 and a low of 1.60881, and the
royal pound it currently trading around 1.61377.
Finally, the dollar yen pair is currently consolidating around 90.097 recording a high of 90.331 and a low of 89.8140.
Market Expectations
EUR/USD :
Pair the euro against the U.S. dollar has fallen sharply over the last
week, touching the levels of 1.40200; Stochastic appears saturated in
sales, which may lead the pair to make a corrective movement to the
level of 1.43000 before returning to continue its decline to the new
goals at 1.38650.
GBP/USD :
Pair sterling against the U.S. dollar has also dropped sharply during
trading last week, achieving the lowest levels at 1.60770, we expect
this decline will continuo this day toward the goal at 1.59250, and
this expectation requires constant trading below 1.62400.
USD/JPY :
The dollar against the yen is still trading in a bearish channel, and
we expect the downward will continue this day for a couple to the
target levels of 88,350 initially and then 87,000, these expectations
require stability of the daily closing below 92,000.
Senior Analyst / Ali Hasan /FXCBS
Forex ECN Broker|Currency Online Trading| Low Spread| Free Trading Software
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