Technical Analysis 25/03/2010 of FXCBS
Thursday March 25 , 2010
Previous session overview
The euro dollar pair declined recording a low of 1.32836 and a high of
1.33471, having the union currency trading around 1.33191.
Regarding the pound dollar pair, it fell slightly in the Asian session
recording a low of 1.48533 and a high of 1.49276, having the royal
currency trading around 1.49143.
Finally, the dollar yen pair is consolidating between a high of 92.327
and a low of 91.762, and it is currently trading around 91.900.
Market Expectations
EUR/USD :RSI still points to the
possibility of more bearish movement for today the oversold signs on
Stochastic could cause some fluctuation and bullish correction remain
target at 1.31300 then to 1.30000.
GBP/USD :The stochastic despite of it
entering oversold areas is giving off a need for more bearish movement
which could be opened alongside the RSI that points to the possibility
of more bearish movement.
USD/JPY :We expect that the pair entered
bullish wave that maintains the possibility of trading remaining above
90.95. Positive signs on momentum indicators that could be harmonic
technical pattern that is currently being formed and with expectations
of a bullish direction towards ascending levels.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
Previous session overview
The euro dollar pair declined recording a low of 1.32836 and a high of
1.33471, having the union currency trading around 1.33191.
Regarding the pound dollar pair, it fell slightly in the Asian session
recording a low of 1.48533 and a high of 1.49276, having the royal
currency trading around 1.49143.
Finally, the dollar yen pair is consolidating between a high of 92.327
and a low of 91.762, and it is currently trading around 91.900.
Market Expectations
EUR/USD :RSI still points to the
possibility of more bearish movement for today the oversold signs on
Stochastic could cause some fluctuation and bullish correction remain
target at 1.31300 then to 1.30000.
GBP/USD :The stochastic despite of it
entering oversold areas is giving off a need for more bearish movement
which could be opened alongside the RSI that points to the possibility
of more bearish movement.
USD/JPY :We expect that the pair entered
bullish wave that maintains the possibility of trading remaining above
90.95. Positive signs on momentum indicators that could be harmonic
technical pattern that is currently being formed and with expectations
of a bullish direction towards ascending levels.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
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