Technical Analysis 8/04/2010 of FXCBS
Thursday April 8 , 2010
Previous session overview
The euro dollar pair is consolidating between the 1.33480 levels and
the 1.32850 levels recording a high of 1.33481 and a low of 1.32855,
having the union currency trading around 1.32953.
Regarding the pound dollar pair, it is trading between a high of
1.52431 and a low of 1.51479, having the royal currency trading around
1.51724.
Finally, the dollar Yen pair recorded a high of 93.432 and a low of 93.062, and it is currently trading around 93.101.
Market Expectations
EUR/USD :Today, we expect a further drop
for the pair euro against the U.S. dollar to the goals 1.32500 and then
to the level of 1.31800, Stochastic approaching saturation in selling
momentum, which may lead to fluctuations for the price around the level
of 1.33250 to get rid of this negative determination before continuing
the downward trend to the targets specified above.
GBP/USD :Sterling against the U.S. dollar
is approaching to re-test the support level of 1.51250, we expect a
decline for the pair for this day to the target level at 1.50500, and
this expectation requires stability of the trading below 1.53000.
USD/JPY :Today, we expect the pair to
continue the decline for the pair of the dollar against the Japanese
yen, which mainly targets levels of 92.90 and 92.30. Constant trading
under the level of 94.00 is important for achieving these expectations.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
Previous session overview
The euro dollar pair is consolidating between the 1.33480 levels and
the 1.32850 levels recording a high of 1.33481 and a low of 1.32855,
having the union currency trading around 1.32953.
Regarding the pound dollar pair, it is trading between a high of
1.52431 and a low of 1.51479, having the royal currency trading around
1.51724.
Finally, the dollar Yen pair recorded a high of 93.432 and a low of 93.062, and it is currently trading around 93.101.
Market Expectations
EUR/USD :Today, we expect a further drop
for the pair euro against the U.S. dollar to the goals 1.32500 and then
to the level of 1.31800, Stochastic approaching saturation in selling
momentum, which may lead to fluctuations for the price around the level
of 1.33250 to get rid of this negative determination before continuing
the downward trend to the targets specified above.
GBP/USD :Sterling against the U.S. dollar
is approaching to re-test the support level of 1.51250, we expect a
decline for the pair for this day to the target level at 1.50500, and
this expectation requires stability of the trading below 1.53000.
USD/JPY :Today, we expect the pair to
continue the decline for the pair of the dollar against the Japanese
yen, which mainly targets levels of 92.90 and 92.30. Constant trading
under the level of 94.00 is important for achieving these expectations.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
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