Technical Analysis 31/03/2010 of FXCBS
Wednesday March 31 , 2010
Previous session overview
The euro dollar pair traded in a narrow range during the Asian session
recording a high of 1.34380 and a low of 1.33842, having the union
currency trading around 1.34077.
The pound dollar pair recorded a low of 1.50570 and a high of 1.50996, having the royal currency trading around 1.50755.
Finally, the dollar yen pair is recorded a high of 93.600 and a low of
92.752, while the pair is currently trading around 93.222.
Market Expectations
EUR/USD :Bullish determined signals by
the Stochastic could push the pair euro against the U.S. dollar to rise
slightly towards to the resistance level at 1.34500 to retest it , and
then detour down to achieve the targets 1.33350 then 1.33050.
GBP/USD :We commit ourselves to
neutrality today for the pair Sterling against U.S. dollar and watching
the penetration for the support level at 1.50450 or penetration for the
resistance level at 1.51250.
USD/JPY :We expected bullish intraday
trend that will target first mentioned resistance, which will pave the
way to the main upcoming target at 94.050. Chances of achieving this
scenario will remain intact if we do not witness the four-hour closing
below 92.500.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
Previous session overview
The euro dollar pair traded in a narrow range during the Asian session
recording a high of 1.34380 and a low of 1.33842, having the union
currency trading around 1.34077.
The pound dollar pair recorded a low of 1.50570 and a high of 1.50996, having the royal currency trading around 1.50755.
Finally, the dollar yen pair is recorded a high of 93.600 and a low of
92.752, while the pair is currently trading around 93.222.
Market Expectations
EUR/USD :Bullish determined signals by
the Stochastic could push the pair euro against the U.S. dollar to rise
slightly towards to the resistance level at 1.34500 to retest it , and
then detour down to achieve the targets 1.33350 then 1.33050.
GBP/USD :We commit ourselves to
neutrality today for the pair Sterling against U.S. dollar and watching
the penetration for the support level at 1.50450 or penetration for the
resistance level at 1.51250.
USD/JPY :We expected bullish intraday
trend that will target first mentioned resistance, which will pave the
way to the main upcoming target at 94.050. Chances of achieving this
scenario will remain intact if we do not witness the four-hour closing
below 92.500.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
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