Technical Analysis 5/11/2010 FXCBS

fxcbsar

VIP Member
Joined
Jan 21, 2010
Messages
243
Reaction score
0
Friday November 5 , 2010

Previous session overview

The pair Euro against the U.S. dollar traded during the Asia session between the lowest level at 1.41780 and the highest level at 1.42488, the pair trading now around the level of 1.42199.

Regarding to the pair Sterling against the U.S. dollar traded during the Asia session between the lowest level at 1.61805 and the highest level at 1.62945, the pair trading now around the level of 1.62098.

Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 80.629 and the highest level at 80.991 , the pair trading now around the level of 80.724.

Market Expectations


EUR/USD :The pair Euro against the U.S. dollar couldn't stable above the support level 1.42220 yesterday , the pair trading now around the level 1.41850 if it can breakthrough it that will cause a downside for the pair to the level of 1.41000 then to the target 1.40400 so we should be careful today and monitor the price level very well .

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

GBP/USD :Negative signs appearing through momentum indicators for the pair Sterling against the U.S. dollar so we expect that some fluctuation might be witnessed and a minor bearish correction before resuming the expected bullish intraday direction to the target 1.63500, these expectations require stability of the trading above the level of 1.61510.

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

USD/JPY :We expect for the pair U.S. dollar against the Japanese Yen that the direction is a bearish one over an intraday basis, where targets start at 79.850 that essentially need to build a base below 81.450 to prevail.

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


Newsletter

Forex ECN Broker | Currency Online Trading | Low Spread | Free Trading Software
 

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

No members online now.

Forum statistics

Threads
11,636
Messages
27,585
Members
21,388
Latest member
Doctorneava

Latest Threads

Top