Technical Analysis 3/06/2010 FXCBS
Thursday June 3 , 2010
Previous session overview
The pair Euro against the U.S. dollar traded during the Asia session
between the lowest level at 1.22260 and the highest level at 1.23259,
the pair trading now around the level of 1.22972.
Regarding to the pair Sterling against the U.S. dollar also traded
during the Asia session between the lowest level at 1.46353 and the
highest level at 1.47427, the pair trading now around the level of
1.47288.
Finally the pair U.S. dollar against the Japanese Yen traded in a
narrow range during the Asia session between the highest level at
92.421 and the lowest level at 92.040 the pair trading now around the
level of 92.371.
Market Expectations
EUR/USD :etermined indicators for the
pair Euro against the U.S. dollar show a negative sing make us expect
that the pair should retest again the support level at 1.21700,
stability of trading below the level of 1.23750 necessary to achieve
these expectations.
GBP/USD :etermined indicators for the pair Sterling
against the U.S. dollar show a negative sing make us expect that the
pair will decline to the level of 1.45890 then to the level of 1.44990,
stability of trading below the level of 1.48040 necessary to achieve
these expectations.
USD/JPY :The pair succeeded in
stabilizing above the previously broken main support that has formed
strong resistance in the past few days around 91.450, we expect a
bullish intraday trend; targets are mainly at 93.400 – 94.050.
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 during the Asia session
between the lowest level at 1.22260 and the highest level at 1.23259,
the pair trading now around the level of 1.22972.
Regarding to the pair Sterling against the U.S. dollar also traded
during the Asia session between the lowest level at 1.46353 and the
highest level at 1.47427, the pair trading now around the level of
1.47288.
Finally the pair U.S. dollar against the Japanese Yen traded in a
narrow range during the Asia session between the highest level at
92.421 and the lowest level at 92.040 the pair trading now around the
level of 92.371.
Market Expectations
EUR/USD :etermined indicators for the
pair Euro against the U.S. dollar show a negative sing make us expect
that the pair should retest again the support level at 1.21700,
stability of trading below the level of 1.23750 necessary to achieve
these expectations.
GBP/USD :etermined indicators for the pair Sterling
against the U.S. dollar show a negative sing make us expect that the
pair will decline to the level of 1.45890 then to the level of 1.44990,
stability of trading below the level of 1.48040 necessary to achieve
these expectations.
USD/JPY :The pair succeeded in
stabilizing above the previously broken main support that has formed
strong resistance in the past few days around 91.450, we expect a
bullish intraday trend; targets are mainly at 93.400 – 94.050.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
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