Technical Analysis 9/02/10 of FXCBS
This is Technical analysis daily provided by specialists and analysts from FXCBS
Tuesday February 9 , 2010
Previous session overview
The euro dollar pair inclined to record a high of 1.37437 and a low of
1.36427, having the union currency trading around 1.37238.
As for the pound dollar pair, it gained slightly recording a high of
1.56456 and a low of 1.55642, having the royal currency trading around
1.56160.
Finally, the dollar gained against the Japanese yen to record a high of
89.633 and a low of 89.157, and the pair is currently trading around
89.549.
Market Expectations
EUR/USD :
The pair Euro against U.S. dollar making a corrective movement which
may achieve the level of 1.38500, we expect an upward trend today for
the pair to that level, this expectation require constant of trading
above the level 1.36400.
GBP/USD :
the pair Sterling against U.S. dollar is making a corrective movement
and we are waiting for breakthrough the resistance level at 1.56660 to
open the road in front of the pair to complete its corrective to the
level of 1.57700, this expectation require constant of trading above
the level of 1.55500.
USD/JPY :
We wait for today a bearish intraday direction; targeting 88.450 then
87.750. A break of 89.090 will help the bearish trend gain speed to the
level 88.450.
Senior Analyst / Ali Hasan /FXCBS
http://www.fxcbs.com/newsletter/daily.html
Forex ECN Broker|Currency Online Trading| Low Spread| Free Trading Software
Tuesday February 9 , 2010
Previous session overview
The euro dollar pair inclined to record a high of 1.37437 and a low of
1.36427, having the union currency trading around 1.37238.
As for the pound dollar pair, it gained slightly recording a high of
1.56456 and a low of 1.55642, having the royal currency trading around
1.56160.
Finally, the dollar gained against the Japanese yen to record a high of
89.633 and a low of 89.157, and the pair is currently trading around
89.549.
Market Expectations
EUR/USD :
The pair Euro against U.S. dollar making a corrective movement which
may achieve the level of 1.38500, we expect an upward trend today for
the pair to that level, this expectation require constant of trading
above the level 1.36400.
GBP/USD :
the pair Sterling against U.S. dollar is making a corrective movement
and we are waiting for breakthrough the resistance level at 1.56660 to
open the road in front of the pair to complete its corrective to the
level of 1.57700, this expectation require constant of trading above
the level of 1.55500.
USD/JPY :
We wait for today a bearish intraday direction; targeting 88.450 then
87.750. A break of 89.090 will help the bearish trend gain speed to the
level 88.450.
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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