Technical Analysis 8/02/10 of FXCBS
This is Technical analysis daily provided by specialists and analysts from FXCBS
Monday February 8 , 2010
Previous session overview
The euro dollar pair fell slightly recording a low of 1.36209 and a
high of 1.36783, having the union currency trading around 1.36750.
Regarding the pound dollar pair, it declined in today's Asian session
to record a low of 1.55349 that lowest since May 21and the highest was
at the level 1.56214. The pair is currently trading around 1.55858.
Finally, the dollar yen pair is consolidating between a low of 89.141
and a high of 89.492, while the pair is trading around 89.422.
Market Expectations
EUR/USD :
The pair Euro against U.S. dollar succeeded to achieved the objectives
of the landing during the trade last week, determined indicators show a
high saturation in the sales, which may lead the pair to make a
corrective movement to the level 1.38550 and we should note that this
new movement just corrective .
GBP/USD :
The pair Sterling against the U.S. dollar fell sharply during the trade
last week but it was collides with a key support at 1.55300, we can
show a signs of positive reaction by stochastic which may lead to a
corrective movement to the level of 1.58550.
USD/JPY :
We expect to achieve more bearish short term direction in order for
this pattern's targets, which are around 84.800, could prevail. It is
vital that 90.300 remain intact to support the bearish direction
whereas the bearish short term remains intact while trading below main
resistance 92.500.
Senior Analyst / Ali Hasan /FXCBS
http://www.fxcbs.com/newsletter/daily.html
Forex ECN Broker|Currency Online Trading| Low Spread| Free Trading Software
Monday February 8 , 2010
Previous session overview
The euro dollar pair fell slightly recording a low of 1.36209 and a
high of 1.36783, having the union currency trading around 1.36750.
Regarding the pound dollar pair, it declined in today's Asian session
to record a low of 1.55349 that lowest since May 21and the highest was
at the level 1.56214. The pair is currently trading around 1.55858.
Finally, the dollar yen pair is consolidating between a low of 89.141
and a high of 89.492, while the pair is trading around 89.422.
Market Expectations
EUR/USD :
The pair Euro against U.S. dollar succeeded to achieved the objectives
of the landing during the trade last week, determined indicators show a
high saturation in the sales, which may lead the pair to make a
corrective movement to the level 1.38550 and we should note that this
new movement just corrective .
GBP/USD :
The pair Sterling against the U.S. dollar fell sharply during the trade
last week but it was collides with a key support at 1.55300, we can
show a signs of positive reaction by stochastic which may lead to a
corrective movement to the level of 1.58550.
USD/JPY :
We expect to achieve more bearish short term direction in order for
this pattern's targets, which are around 84.800, could prevail. It is
vital that 90.300 remain intact to support the bearish direction
whereas the bearish short term remains intact while trading below main
resistance 92.500.
Senior Analyst / Ali Hasan /FXCBS
http://www.fxcbs.com/newsletter/daily.html
Forex ECN Broker|Currency Online Trading| Low Spread| Free Trading Software
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