Technical Analysis 29/04/2010 of FXCBS
Thursday April 29 , 2010
Previous session overview
The pair Euro against U.S. dollar traded in a narrow range during the
Asian session between the highest level at 1.32399 and the lowest level
at 1.31844, the pair trading now around the level of 1.32267.
The pair sterling against the U.S. dollar traded in a narrow range
during the Asian session between the highest level at 1.52077 and the
lowest level at 1.51470, the pair trading now around the level of
1.51490.
Finally the pair U.S. dollar against the Japanese Yen traded in a very
narrow range between the highest level at 94.174 and the lowest level
at 93.852 , the pair trading now around the level of 93.912.
Market Expectations
EUR/USD :The pair Euro against the U.S.
dollar tries to retest again the resistance level at 1.32650,
determined indicators may be able to help it to breakthrough this level
to the level 1.33750, so we expect a bullish trend for the pair during
the trading today, but with reference that the general trend for the
pair is still down in the long term.
GBP/USD :We expect for the pair Sterling
against the U.S. dollar to decline further today to the level of
1.50850, closing the four hours candlestick below the level of 1.51990
is necessary to achieve this expectation.
USD/JPY :Signs of a bearish technical
pattern are still appearing on the pair U.S. dollar supported by
negative signs drawn from momentum indicators. So we expect a bearish
trend over an intraday basis, where its actual activation point will be
the breach of 92.850
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
Previous session overview
The pair Euro against U.S. dollar traded in a narrow range during the
Asian session between the highest level at 1.32399 and the lowest level
at 1.31844, the pair trading now around the level of 1.32267.
The pair sterling against the U.S. dollar traded in a narrow range
during the Asian session between the highest level at 1.52077 and the
lowest level at 1.51470, the pair trading now around the level of
1.51490.
Finally the pair U.S. dollar against the Japanese Yen traded in a very
narrow range between the highest level at 94.174 and the lowest level
at 93.852 , the pair trading now around the level of 93.912.
Market Expectations
EUR/USD :The pair Euro against the U.S.
dollar tries to retest again the resistance level at 1.32650,
determined indicators may be able to help it to breakthrough this level
to the level 1.33750, so we expect a bullish trend for the pair during
the trading today, but with reference that the general trend for the
pair is still down in the long term.
GBP/USD :We expect for the pair Sterling
against the U.S. dollar to decline further today to the level of
1.50850, closing the four hours candlestick below the level of 1.51990
is necessary to achieve this expectation.
USD/JPY :Signs of a bearish technical
pattern are still appearing on the pair U.S. dollar supported by
negative signs drawn from momentum indicators. So we expect a bearish
trend over an intraday basis, where its actual activation point will be
the breach of 92.850
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
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