Technical Analysis 28/01/10 of FXCBS
This is Technical analysis daily and provided by specialists and analysts from FXCBS
Thursday Jan 28, 2010
Previous session overview
The euro dollar pair fell to record a low of 1.39335 and a high of 1.40500, having the union currency trading around 1.40490.
The pound dollar pair is consolidating between 1.62800 levels and
1.61300 levels recording a low of 1.61355 and a high of 1.62754, while
the royal pound is currently trading around 1.62633.
Finally, the dollar gained against the Japanese yen to record a high of
90.540and a low of 89.877, having the pair currently trading around
90.371.
Market Expectations
EUR/USD :
EUR fell against the U.S. dollar at the beginning of trading for the
day to achieve the lowest price at 1.39335 after it breakthrough the
central support level at 1.40500, Stochastic shows signs of saturation
in the sales process, which could push the pair to make corrective move
upwards.
GBP/USD :
The pair sterling against the U.S. dollar has rose to 1.6275,
Stochastic appears saturated in the procurement process which may lead
the pair to fall again, and the pair now stands close to the resistance
level at1.6280 which is the main point’s resistance.
USD/JPY :
We expect today that the pair the U.S. dollar against the Japanese yen
will enter the wave of down trend to test the levels of around 89.80
and we could see some volatility of the price before reaching that level
Senior Analyst / Ali Hasan /FXCBS
http://www.fxcbs.com/newsletter/daily.html
Forex ECN Broker|Currency Online Trading| Low Spread| Free Trading Software
Thursday Jan 28, 2010
Previous session overview
The euro dollar pair fell to record a low of 1.39335 and a high of 1.40500, having the union currency trading around 1.40490.
The pound dollar pair is consolidating between 1.62800 levels and
1.61300 levels recording a low of 1.61355 and a high of 1.62754, while
the royal pound is currently trading around 1.62633.
Finally, the dollar gained against the Japanese yen to record a high of
90.540and a low of 89.877, having the pair currently trading around
90.371.
Market Expectations
EUR/USD :
EUR fell against the U.S. dollar at the beginning of trading for the
day to achieve the lowest price at 1.39335 after it breakthrough the
central support level at 1.40500, Stochastic shows signs of saturation
in the sales process, which could push the pair to make corrective move
upwards.
GBP/USD :
The pair sterling against the U.S. dollar has rose to 1.6275,
Stochastic appears saturated in the procurement process which may lead
the pair to fall again, and the pair now stands close to the resistance
level at1.6280 which is the main point’s resistance.
USD/JPY :
We expect today that the pair the U.S. dollar against the Japanese yen
will enter the wave of down trend to test the levels of around 89.80
and we could see some volatility of the price before reaching that level
Senior Analyst / Ali Hasan /FXCBS
http://www.fxcbs.com/newsletter/daily.html
Forex ECN Broker|Currency Online Trading| Low Spread| Free Trading Software
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