Technical Analysis 26/04/2010 of FXCBS
Monday April 26 , 2010
Previous session overview
The pair euro against the U.S. dollar traded in a narrow range during
the Asian session between the highest level at 1.33974 and the lowest
level at 1.33322, the pair trading now around the level of 1.33714.
The pair sterling against the U.S. dollar traded between the lowest
level at 1.53727 and the highest level at 1.54549, the pair trading now
around the level of 1.54556.
Finally the pair U.S. dollar against the Japanese Yen traded in narrow
range between the lowest level at 93.932 and the highest level at
94.353 , the pair trading now around the level of 94.234.
Market Expectations
EUR/USD :We advised to monitor the price
of the pair euro against the U.S. dollar today, the pair is still above
the support level at 1.32850, determined indicators show emerging signs
but we must monitor the resistance level at 1.33900 and support level
at 1.32850 before determining the overall direction today.
GBP/USD :The stability of trading for the
pair sterling against the U.S. dollar above the support level at
1.53250 level and closing over it , leads us to expect upward trend
today to the level 1.55280 and then 1.55450, stability of trading above
the mentioned support level is necessary to achieve these expectations.
USD/JPY :We expect more of the upward
trend today for the pair U.S. dollar against the Japanese Yen
Substantive goals of the expected start at the level of 95.120, but
this expectation requires four hours closing for the pair above the
level of 93.350.
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 in a narrow range during
the Asian session between the highest level at 1.33974 and the lowest
level at 1.33322, the pair trading now around the level of 1.33714.
The pair sterling against the U.S. dollar traded between the lowest
level at 1.53727 and the highest level at 1.54549, the pair trading now
around the level of 1.54556.
Finally the pair U.S. dollar against the Japanese Yen traded in narrow
range between the lowest level at 93.932 and the highest level at
94.353 , the pair trading now around the level of 94.234.
Market Expectations
EUR/USD :We advised to monitor the price
of the pair euro against the U.S. dollar today, the pair is still above
the support level at 1.32850, determined indicators show emerging signs
but we must monitor the resistance level at 1.33900 and support level
at 1.32850 before determining the overall direction today.
GBP/USD :The stability of trading for the
pair sterling against the U.S. dollar above the support level at
1.53250 level and closing over it , leads us to expect upward trend
today to the level 1.55280 and then 1.55450, stability of trading above
the mentioned support level is necessary to achieve these expectations.
USD/JPY :We expect more of the upward
trend today for the pair U.S. dollar against the Japanese Yen
Substantive goals of the expected start at the level of 95.120, but
this expectation requires four hours closing for the pair above the
level of 93.350.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
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