Technical Analysis 4/03/2010 of FXCBS
Thursday March 4 , 2010
Previous session overview
The euro dollar pair fell slightly after tow days of gains to record a
low of 1.36331 and a high of 1.37124, having the union currency trading
around 1.36502.
Regarding the pound dollar pair, it is consolidating between a high of
1.51068 and a low of 1.50221, having the royal currency trading around
1.50327.
Finally, the dollar fell slightly against the Japanese yen to record a
low of 88.136 and a high of 88.629, having the pair trading around
88.424.
Market Expectations
EUR/USD :
The pair Euro against the dollar rose yesterday after it penetrated the
resistance level at 1.36550, the pair completed the corrective movement
as we expect , and we expect that the pair should be return to land
again, these expectation requires closure of a candle one hour below
the level of 1.36550. We must note the Economic data that will issue
from Euro Zone about Minimum Bid Rate.
GBP/USD :
Sterling against the U.S. dollar Succeeded to achieving the 61.8%
Fibonacci at 1.51300 for the last decline, we expect today on a
downward trend for a couple to first target level at 1.49600 then to
the level 1.48800, these expectations requires closure candle four
hours below the level of 1.50500. We must note the Economic data that
will issue from United Kingdom about Official Bank Rate.
USD/JPY :
We expect today for the pair U.S dollar against the Japanese Yen a
bearish direction prevailing over an intraday basis; main targets start
at 87.660 then 86.800. Chances of achieving this bearish direction will
remain intact if the four-hour closing remains below 90.000.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
Previous session overview
The euro dollar pair fell slightly after tow days of gains to record a
low of 1.36331 and a high of 1.37124, having the union currency trading
around 1.36502.
Regarding the pound dollar pair, it is consolidating between a high of
1.51068 and a low of 1.50221, having the royal currency trading around
1.50327.
Finally, the dollar fell slightly against the Japanese yen to record a
low of 88.136 and a high of 88.629, having the pair trading around
88.424.
Market Expectations
EUR/USD :
The pair Euro against the dollar rose yesterday after it penetrated the
resistance level at 1.36550, the pair completed the corrective movement
as we expect , and we expect that the pair should be return to land
again, these expectation requires closure of a candle one hour below
the level of 1.36550. We must note the Economic data that will issue
from Euro Zone about Minimum Bid Rate.
GBP/USD :
Sterling against the U.S. dollar Succeeded to achieving the 61.8%
Fibonacci at 1.51300 for the last decline, we expect today on a
downward trend for a couple to first target level at 1.49600 then to
the level 1.48800, these expectations requires closure candle four
hours below the level of 1.50500. We must note the Economic data that
will issue from United Kingdom about Official Bank Rate.
USD/JPY :
We expect today for the pair U.S dollar against the Japanese Yen a
bearish direction prevailing over an intraday basis; main targets start
at 87.660 then 86.800. Chances of achieving this bearish direction will
remain intact if the four-hour closing remains below 90.000.
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
