Technical Analysis 7/05/2010 of FXCBS
Friday May 7 , 2010
Previous session overview
The pair Euro against the U.S. dollar fell during the Asian session to
the level of 1.25857 which was the lowest price until now , the highest
level was at 1.27361, while the pair trading now around the level of
1.26874.
The pound against the U.S. dollar also fell strongly to achieve the
lowest price at 1.45590; the highest level was at 1.49355, the pair
trading now around the level of 1.47044.
Finally the pair U.S. dollar against the Japanese Yen fell also to the
lowest level at 90.008 , while the highest level was at 92.775 , the
pair trading now around the level of 92.360.
Market Expectations
EUR/USD :EUR fell sharply against the
U.S. dollar yesterday, determined Indicators for the pair may lead it
for a corrective movement towards the level of 1.27850, The negative
pressure is still controlling on the trading pair, But according to the
natural circulation is supposed that the pair should bounce back to
levels of 1.31850 at the level of 61.8% Fibonacci, we Advised to
monitor the trading range today very well.
GBP/USD :We expect today for the
pair sterling against the U.S. dollar a decline again to the support
level at 1.46150, these expectation require a close four hours
candlestick and stability of trading below the resistance level at
1.48650.
USD/JPY :The pair managed to achieve a
sharp drop yesterday for about 600 points, whereas we see that the
bullish correction, But in general downward trend is still controlled
the trading pair we expect that the pair back to test the level of
90.000 again today
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 fell during the Asian session to
the level of 1.25857 which was the lowest price until now , the highest
level was at 1.27361, while the pair trading now around the level of
1.26874.
The pound against the U.S. dollar also fell strongly to achieve the
lowest price at 1.45590; the highest level was at 1.49355, the pair
trading now around the level of 1.47044.
Finally the pair U.S. dollar against the Japanese Yen fell also to the
lowest level at 90.008 , while the highest level was at 92.775 , the
pair trading now around the level of 92.360.
Market Expectations
EUR/USD :EUR fell sharply against the
U.S. dollar yesterday, determined Indicators for the pair may lead it
for a corrective movement towards the level of 1.27850, The negative
pressure is still controlling on the trading pair, But according to the
natural circulation is supposed that the pair should bounce back to
levels of 1.31850 at the level of 61.8% Fibonacci, we Advised to
monitor the trading range today very well.
GBP/USD :We expect today for the
pair sterling against the U.S. dollar a decline again to the support
level at 1.46150, these expectation require a close four hours
candlestick and stability of trading below the resistance level at
1.48650.
USD/JPY :The pair managed to achieve a
sharp drop yesterday for about 600 points, whereas we see that the
bullish correction, But in general downward trend is still controlled
the trading pair we expect that the pair back to test the level of
90.000 again today
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
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