Monday September 27 , 2010
Previous session overview
The pair Euro against the U.S. dollar traded during the Asia between the highest level at 1.34947 and the lowest level at 1.34466, the pair trading now around the level of 1.34594.
The pair Sterling against the U.S. dollar traded during the Asia between the highest level at 1.5435 and the lowest level at 1.58049, the pair trading now around the level of 1.58101.
Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 84.121 and the highest level at 84.394 , the pair trading now around the level of 84.221.
Market Expectations
EUR/USD : etermined indicators for the pair Euro against the U.S. dollar show saturation in the buying process which will cause a correction movement for the pair to retest the level of 1.33100 before rising again to new target at 1.36400, stability of the trading above this level is necessary to achieve these expectations.
GBP/USD : We expect that the pair Sterling against the U.S. dollar will make a down corrective today to the level 1.57300 then return to rise up to breakthrough the resistance level at 1.58600 , stability of the trading above the level of 1.57300 necessary to achieve these expectations .
USD/JPY : The pair is witnessing more negative pressure as it touches 38.2% Fibonacci correction around 84.700 we can expect a bullish intraday direction that will start targets at 85.850 then 87.000, which require the daily closing above 84.00 to continue.
Senior Analyst / Ali Hasan /FXCBS
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Previous session overview
The pair Euro against the U.S. dollar traded during the Asia between the highest level at 1.34947 and the lowest level at 1.34466, the pair trading now around the level of 1.34594.
The pair Sterling against the U.S. dollar traded during the Asia between the highest level at 1.5435 and the lowest level at 1.58049, the pair trading now around the level of 1.58101.
Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 84.121 and the highest level at 84.394 , the pair trading now around the level of 84.221.
Market Expectations
EUR/USD : etermined indicators for the pair Euro against the U.S. dollar show saturation in the buying process which will cause a correction movement for the pair to retest the level of 1.33100 before rising again to new target at 1.36400, stability of the trading above this level is necessary to achieve these expectations.
GBP/USD : We expect that the pair Sterling against the U.S. dollar will make a down corrective today to the level 1.57300 then return to rise up to breakthrough the resistance level at 1.58600 , stability of the trading above the level of 1.57300 necessary to achieve these expectations .
USD/JPY : The pair is witnessing more negative pressure as it touches 38.2% Fibonacci correction around 84.700 we can expect a bullish intraday direction that will start targets at 85.850 then 87.000, which require the daily closing above 84.00 to continue.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker | Currency Online Trading | Low Spread | Free Trading Software