Technical Analysis 1/11/2010 FXCBS

fxcbsar

VIP Member
Joined
Jan 21, 2010
Messages
243
Reaction score
0
Monday November 1 , 2010

Previous session overview


The pair Euro against the U.S. dollar traded during the Asia session between the lowest level at 1.38965 and the highest level at 1.40113, the pair trading now around the level of 1.39750.

Regarding to the pair Sterling against the U.S. dollar traded during the Asia session between the lowest level at 1.59894 and the highest level at 1.60834, the pair trading now around the level of 1.60560.

Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 80.240 and the highest level at 81.466 , the pair trading now around the level of 80.568.

Market Expectations

EUR/USD : We expect today a down correction for the pair Euro against the U.S. dollar to the level of 1.38420 , determined indicators support our expectation which is showing saturation in the purchasing process .

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

GBP/USD : The pair Sterling against the U.S. dollar success to breakthrough the level 1.60000 , but we can see saturation in the purchasing process which will cause a downside for the pair to the level of 1.59250 then 1.58850 , these expectations require stability of the trading below the level of 1.60500.

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

USD/JPY : We expect a bullish intraday trend, supported by a bullish crossover appearing on Stochastic. The expected targets start at 81.150 then 81.850, which require the daily closing above 80.000 to prevail.

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

Newsletter
Newsletter
Forex ECN Broker | Currency Online Trading | Low Spread | Free Trading Software
http://www.fxcbs.com
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

Forum statistics

Threads
11,639
Messages
27,588
Members
21,392
Latest member
volkan.akin

Latest Threads

Top