Technical Analysis 3/02/10 of FXCBS
This is Technical analysis daily and provided by specialists and analysts from FXCBS
Wednesday February 3 , 2010
Previous session overview
The euro dollar pair fell slightly in today's Asian session recording a
low of 1.39465 and a high of 1.40257, having the 16 nations' currency
trading around 1.40249.
Regarding the pound dollar pair, it is consolidating between 1.60690
levels and 1.59633 levels recording a high of 1.60374 and a low of
1.59630. The pair is currently trading around 1.60392 levels.
Finally, the dollar yen pair still trading around the 90.276 levels recording a low of 90.069and a high of 90.556.
Market Expectations
EUR/USD :
The pair Euro against U.S. dollar managed to complete the corrective
movement to the 38.2% Fibonacci at the level 1.39870, we expect today
for the pair to return to land again to the level 1.38000 , we can see
through stochastic indicator a signs of saturation in the procurement
process for the pair .
GBP/USD :
The pair Sterling against the U.S. dollar rose to the level 1.60600, at
this level the corrective movement completed as we see, Stochastic
appears saturated in the procurement process which may lead the pair to
return to test the support level previously broken at 1.59750.
USD/JPY :
The dollar versus yen is trading below resistance for the descending
channel , we still keeps our pervious expectations of achieving a
possible bearish intraday direction, where its main targets reside
around 89.100, keeping in mind the importance of trading remaining
below 91.100 so that the expected scenario may prevail.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker|Currency Online Trading| Low Spread| Free Trading Software
Wednesday February 3 , 2010
Previous session overview
The euro dollar pair fell slightly in today's Asian session recording a
low of 1.39465 and a high of 1.40257, having the 16 nations' currency
trading around 1.40249.
Regarding the pound dollar pair, it is consolidating between 1.60690
levels and 1.59633 levels recording a high of 1.60374 and a low of
1.59630. The pair is currently trading around 1.60392 levels.
Finally, the dollar yen pair still trading around the 90.276 levels recording a low of 90.069and a high of 90.556.
Market Expectations
EUR/USD :
The pair Euro against U.S. dollar managed to complete the corrective
movement to the 38.2% Fibonacci at the level 1.39870, we expect today
for the pair to return to land again to the level 1.38000 , we can see
through stochastic indicator a signs of saturation in the procurement
process for the pair .
GBP/USD :
The pair Sterling against the U.S. dollar rose to the level 1.60600, at
this level the corrective movement completed as we see, Stochastic
appears saturated in the procurement process which may lead the pair to
return to test the support level previously broken at 1.59750.
USD/JPY :
The dollar versus yen is trading below resistance for the descending
channel , we still keeps our pervious expectations of achieving a
possible bearish intraday direction, where its main targets reside
around 89.100, keeping in mind the importance of trading remaining
below 91.100 so that the expected scenario may prevail.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker|Currency Online Trading| Low Spread| Free Trading Software
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