Technical Analysis 3/05/2010 of FXCBS
Monday May 3 , 2010
Previous session overview
The euro dollar pair declined in the Asian session recording a low of
1.32058 and a high of 1.33479, having the union currency trading around
the level of 1.32457.
Regarding the pound dollar pair, it dropped as well to record a low of
1.52337 and a high of 1.53201, having the royal currency trading around
the level of 1.52444.
Finally, the dollar yen pair recorded a low of 93.843 and a high of
94.142, while the pair is currently trading around the level of 93.95.
Market Expectations
EUR/USD :The pair Euro against the U.S.
dollar declined at the beginning of the trading this week to achieve
the lowest level at 1.32058, determined indicators are close to
saturation in the sales, which may lead the pair to raise to the levels
of 1.32890 and then 1.33250, stability of trading above the level of
1.31850 is necessary to achieve this expectations.
GBP/USD :We expect a bullish trend
today for the pair of sterling against the U.S. dollar to the level of
1.53230, determined indicators approaching saturation in the sales and
approaching the level of support for the pair at the level of 1.52250,
stability of trading above the level of 1.52250 is necessary to achieve
these expectations.
USD/JPY :The pair continues to fluctuate
around pivotal resistance of 94.000 Signs of a bearish technical
pattern are encouraging us to expect a bearish trend for this week that
will start with the breach of minor support 93.850, and then head
towards the awaited main targets that start at 92.850.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
Previous session overview
The euro dollar pair declined in the Asian session recording a low of
1.32058 and a high of 1.33479, having the union currency trading around
the level of 1.32457.
Regarding the pound dollar pair, it dropped as well to record a low of
1.52337 and a high of 1.53201, having the royal currency trading around
the level of 1.52444.
Finally, the dollar yen pair recorded a low of 93.843 and a high of
94.142, while the pair is currently trading around the level of 93.95.
Market Expectations
EUR/USD :The pair Euro against the U.S.
dollar declined at the beginning of the trading this week to achieve
the lowest level at 1.32058, determined indicators are close to
saturation in the sales, which may lead the pair to raise to the levels
of 1.32890 and then 1.33250, stability of trading above the level of
1.31850 is necessary to achieve this expectations.
GBP/USD :We expect a bullish trend
today for the pair of sterling against the U.S. dollar to the level of
1.53230, determined indicators approaching saturation in the sales and
approaching the level of support for the pair at the level of 1.52250,
stability of trading above the level of 1.52250 is necessary to achieve
these expectations.
USD/JPY :The pair continues to fluctuate
around pivotal resistance of 94.000 Signs of a bearish technical
pattern are encouraging us to expect a bearish trend for this week that
will start with the breach of minor support 93.850, and then head
towards the awaited main targets that start at 92.850.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
Views: 0
© 2025 Created by James Dicks.
Powered by
