Technical Analysis 5/04/2010 of FXCBS
Monday April 5 , 2010
Previous session overview
The pair EUR against the U.S. dollar has been trading between the
resistance level at 1.35650 and the support level at 1.34500, while
showing some signs of negative for indicators of relative strength, but
we postpone resolving the trend today until we see a breakthrough of
one of these levels.
Today, we expect a correction downward for the pair sterling against
the U.S. dollar to the level of 23.8% Fibonacci at the level of 1.51650
followed by a turn towards the top to the targets of 1.53250 and then
1.53800.
We expected some fluctuation and minor bearish correction to retest the
level of 93.700, then resume the expected bullish direction for this
day; to the key targets are around 95.620.
Market Expectations
EUR/USD :Narrow trading range for the pair the euro against the U.S. dollar
today as the Good Friday holiday, determined indicators show negative
signs may pay the price to a simple slide and begin after penetration
level of support 1.35600.
GBP/USD : etermined indicators show negative signs for the pair sterling against U.S
dollar, which makes us expect a decline for the pair to the level of
1.52000.
USD/JPY :The correction is urgently needed to relieve the indicators, followed
by resuming the possible predicted bullishness over intraday basis,
targeting 95.000.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
Previous session overview
The pair EUR against the U.S. dollar has been trading between the
resistance level at 1.35650 and the support level at 1.34500, while
showing some signs of negative for indicators of relative strength, but
we postpone resolving the trend today until we see a breakthrough of
one of these levels.
Today, we expect a correction downward for the pair sterling against
the U.S. dollar to the level of 23.8% Fibonacci at the level of 1.51650
followed by a turn towards the top to the targets of 1.53250 and then
1.53800.
We expected some fluctuation and minor bearish correction to retest the
level of 93.700, then resume the expected bullish direction for this
day; to the key targets are around 95.620.
Market Expectations
EUR/USD :Narrow trading range for the pair the euro against the U.S. dollar
today as the Good Friday holiday, determined indicators show negative
signs may pay the price to a simple slide and begin after penetration
level of support 1.35600.
GBP/USD : etermined indicators show negative signs for the pair sterling against U.S
dollar, which makes us expect a decline for the pair to the level of
1.52000.
USD/JPY :The correction is urgently needed to relieve the indicators, followed
by resuming the possible predicted bullishness over intraday basis,
targeting 95.000.
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
