Technical Analysis 27/05/2010 FXCBS
Thursday May 27 , 2010
Previous session overview
The pair Euro against the U.S. dollar traded during the Asian session
between the highest level at 1.22864 and the lowest level at 1.21536,
the pair trading now around the level of 1.22677.
The Sterling against the U.S. Dollar traded during the Asian session
between the highest level at 1.44674 and the lowest level at 1.43655,
the pair trading now around the level of 1.44605.
Finally the pair U.S. dollar against the Japanese Yen traded in a
narrow range between the highest level at 93.311 and the lowest level
at 89.807 , the pair trading now around the level of 90.232.
Market Expectations
EUR/USD :We advice for the pair Euro
against the U.S. dollar to still waiting and monitor the support level
at 1.21500 and the resistance level at 1.22900 before we can know the
trend today, penetration for the support level at 1.21500 may lead the
pair to decline quickly and penetration for the resistance level at
1.22900 may lead the pair to a corrective movement to the level 1.23990.
GBP/USD :Stochastic indicator show
a saturation on the buying process for the pair Sterling against the
U.S. dollar which may lead the pair to decline to the level of 1.43800
then 1.42300 , stability of trading below the level of 1.45690
necessary to achieve that .
USD/JPY :We expect for the pair U.S. dollar against the
Japanese Yen a bearish intraday direction targets start at 89.100 and
require the daily closing below 91.050 to prevail.
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 1.22864 and the lowest level at 1.21536,
the pair trading now around the level of 1.22677.
The Sterling against the U.S. Dollar traded during the Asian session
between the highest level at 1.44674 and the lowest level at 1.43655,
the pair trading now around the level of 1.44605.
Finally the pair U.S. dollar against the Japanese Yen traded in a
narrow range between the highest level at 93.311 and the lowest level
at 89.807 , the pair trading now around the level of 90.232.
Market Expectations
EUR/USD :We advice for the pair Euro
against the U.S. dollar to still waiting and monitor the support level
at 1.21500 and the resistance level at 1.22900 before we can know the
trend today, penetration for the support level at 1.21500 may lead the
pair to decline quickly and penetration for the resistance level at
1.22900 may lead the pair to a corrective movement to the level 1.23990.
GBP/USD :Stochastic indicator show
a saturation on the buying process for the pair Sterling against the
U.S. dollar which may lead the pair to decline to the level of 1.43800
then 1.42300 , stability of trading below the level of 1.45690
necessary to achieve that .
USD/JPY :We expect for the pair U.S. dollar against the
Japanese Yen a bearish intraday direction targets start at 89.100 and
require the daily closing below 91.050 to prevail.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
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