Technical Analysis 30/04/2010 of FXCBS
Friday April 30 , 2010
Previous session overview
The pair Euro against the U.S. dollar rise to achieve the highest price at the level 1.33174 and the lowest price was at the level 1.32235, the
pair trading now around the level of 1.33152.
The pair sterling against the U.S. dollar traded in a narrow range
Diagonal upward the lowest price for the pair was at the level 1.53155
and the highest level was at 1.53723, the pair trading now around the
level of 1.53740.
Finally the pair U.S. dollar against the Japanese yen traded in a
narrow range between the highest level at 94.462 and the lowest level
at 93.892 , the pair trading now around the level of 94.367.
Market Expectations
EUR/USD :The pair euro against the U.S. dollar penetrated the resistance
level1.32650 after a long fluctuating around it closure of the four
hours candlestick above this level make us sure that the pair will
resumption of movement to the level of 1.33950 then to the level of
1.344450.
GBP/USD : etermined Indicators become near from saturation in purchasing for
the pair of sterling against the U.S. dollar, this saturation makes the
process of penetration for the resistance level at 1.53950 is difficult
, therefore we expect a decline for the pair to re-examine the support
level at 1.53670 , these expectations requires a stability of trading
below the resistance level at 1.53950.
USD/JPY :The pair continues to fluctuate within a narrow range since reaching
94.00, thus we think that the pair is preparing to start a bearish wave
over an intraday basis, supported by tops levels around 94.450
Technical targets start at 92.850 then 91.650 and require 94.450 to
remain intact for them to prevail.
Senior Analyst / Ali Hasan /FXCBS
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Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
Previous session overview
The pair Euro against the U.S. dollar rise to achieve the highest price at the level 1.33174 and the lowest price was at the level 1.32235, the
pair trading now around the level of 1.33152.
The pair sterling against the U.S. dollar traded in a narrow range
Diagonal upward the lowest price for the pair was at the level 1.53155
and the highest level was at 1.53723, the pair trading now around the
level of 1.53740.
Finally the pair U.S. dollar against the Japanese yen traded in a
narrow range between the highest level at 94.462 and the lowest level
at 93.892 , the pair trading now around the level of 94.367.
Market Expectations
EUR/USD :The pair euro against the U.S. dollar penetrated the resistance
level1.32650 after a long fluctuating around it closure of the four
hours candlestick above this level make us sure that the pair will
resumption of movement to the level of 1.33950 then to the level of
1.344450.
GBP/USD : etermined Indicators become near from saturation in purchasing for
the pair of sterling against the U.S. dollar, this saturation makes the
process of penetration for the resistance level at 1.53950 is difficult
, therefore we expect a decline for the pair to re-examine the support
level at 1.53670 , these expectations requires a stability of trading
below the resistance level at 1.53950.
USD/JPY :The pair continues to fluctuate within a narrow range since reaching
94.00, thus we think that the pair is preparing to start a bearish wave
over an intraday basis, supported by tops levels around 94.450
Technical targets start at 92.850 then 91.650 and require 94.450 to
remain intact for them to prevail.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
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