Technical Analysis 28/04/2010 of FXCBS
Wednesday April 28
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 1.32175 and the lowest
level at 1.31440, the pair trading now around the level of 1.32066
Also sterling against the U.S. dollar traded in a narrow range during
the Asian session between the highest level at 1.52882 and the lowest
level at 1.52254, the pair is now trading round the level of 1.52690.
Finally the pair U.S. dollar against the Japanese Yen traded in a
narrow range between the lowest price at 92.992 and the highest price
at 93.354, the pair trading now around the level of 93.282.
Market Expectations
EUR/USD :The negative pressure continued
on the pair Euro against U.S. dollar trading returns within the
previously breached descending channel we expect the neckline to be
retested before heading towards achieving more bearish intraday
targeting 1.31250 These expectations require the four-hour candlestick
closing below 1.33090.
GBP/USD :A bullish momentum appearing on
Stochastic and RSI for the couple of Sterling against U.S. dollar could
push the pair to slightly correct bullishly before continuing its
bearish intraday trend. The breach of 1.53550 returns the bullish
direction's pace once again.0
USD/JPY :The pair stabilized below MA 50
adding negative pressure onto the pair pointing to more bearish
intraday movement we expect a bearish direction today targets start at
92.850 then 92.340
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 1.32175 and the lowest
level at 1.31440, the pair trading now around the level of 1.32066
Also sterling against the U.S. dollar traded in a narrow range during
the Asian session between the highest level at 1.52882 and the lowest
level at 1.52254, the pair is now trading round the level of 1.52690.
Finally the pair U.S. dollar against the Japanese Yen traded in a
narrow range between the lowest price at 92.992 and the highest price
at 93.354, the pair trading now around the level of 93.282.
Market Expectations
EUR/USD :The negative pressure continued
on the pair Euro against U.S. dollar trading returns within the
previously breached descending channel we expect the neckline to be
retested before heading towards achieving more bearish intraday
targeting 1.31250 These expectations require the four-hour candlestick
closing below 1.33090.
GBP/USD :A bullish momentum appearing on
Stochastic and RSI for the couple of Sterling against U.S. dollar could
push the pair to slightly correct bullishly before continuing its
bearish intraday trend. The breach of 1.53550 returns the bullish
direction's pace once again.0
USD/JPY :The pair stabilized below MA 50
adding negative pressure onto the pair pointing to more bearish
intraday movement we expect a bearish direction today targets start at
92.850 then 92.340
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
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