Major Currencies Analysis 21/01/2011 FXCBS

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Friday January 21 , 2011

Major Currencies Analysis

EUR/USD

http://www2.fxcbs.com/newsletter/images/EURUSD.gif

The pair Euro against the U.S. dollar still can stabile above the level of 1.34200 and MA 50 still push the pair up, today we are in the last trading day at this week, we advice to monitor to level during the trading today first the main support level at 1.34200 and the level of 1.35280 these both level can sets the intraday direction.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.35070 1.35426 1.36008 1.34640 1.34373 1.34022 1.33440

GBP/USD

http://www2.fxcbs.com/newsletter/images/GBPUSD.gif

The MA 50 can stopped the declining for the pair Sterling against the U.S. dollar, Stochastic indicators showing saturation in the selling process also the MA 50 supporting the pair to stabile above the support level, we expect that the pair will rise up again today, but we should be careful if the pair can penetrate the level 1.59100 again and close four hours candlestick below it that will given negative sign will Reverse direction.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.59453 1.59926 1.60707 1.59148 1.58507 1.58030 1.57253

USD/JPY

http://www2.fxcbs.com/newsletter/images/USDJPY.gif

The pair U.S. dollar against the Japanese Yen can rise up yesterday and stabile above the level MA 50 (82.800) if the pair can stabile above that level and close four hours candlestick above it that will lead the pair to rise up more to the level 83.200 at the first target, we advice to be very careful during the trade today.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 83.300 83.600 84.120 82.708 82.700 82.382 81.866

USD/CHF

http://www2.fxcbs.com/newsletter/images/USDCHF.gif

The pair U.S. dollar against the Swiss Franc rise up yesterday to achieve 0.96800 , today we can see saturation in the purchasing process that lead us to expect that the pair will back to decline again during the trading today .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.97136 0.97566 0.98295 0.96270 0.96200 0.95844 0.95110

AUD/USD

http://www2.fxcbs.com/newsletter/images/AUDUSD.gif

The construct of the candlestick for the pair Australian dollar against the U.S. dollar showing that the pair will decline more today also Stochastic indicators supporting our expectation for that .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 0.99172 0.99652 1.00446 0.99028 0.98210 0.97730 0.96936

USD/CAD

http://www2.fxcbs.com/newsletter/images/USDCAD.gif

The pair U.S. dollar against the Canadian dollar rise yesterday to be so close from the level of 1.00000 , but the MA 50 still push the pair down and Stochastic indicators showing negative sign which may lead the pair to decline again today .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 0.99953 1.00180 1.00554 0.99837 0.99499 0.99272 0.98898

Newsletter - Major Currencies Analysis
http://www2.fxcbs.com/newsletter/major-analysis.html
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