Technical Analysis 8/10/2010 FXCBS

fxcbsar

VIP Member
Joined
Jan 21, 2010
Messages
243
Reaction score
0
Friday October 8 , 2010

Previous session overview


The pair Euro against the U.S. dollar traded during the Asia session between the lowest level at 1.39026 and the highest level at 1.39621, the pair trading now around the level of 1.39242.

Regarding to the pair Sterling against the U.S. dollar traded during the Asia session between the lowest level at 1.58229 and the highest level at 1.58995, the pair trading now around the level of 1.58294.

Finally the pair of U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level 82.150 and the highest level at 82.511, the pair trading now around the level of 82.392.

Market Expectations

EUR/USD : We expect today a decline for the pair of Euro against the U.S. dollar to the level of 1.38250 then to the level 1.37450, determined indicators support our expectations, but these expectations require stability of the trading below the level 1.39800.

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

GBP/USD : We expect today a decline for the pair Sterling against the U.S. dollar to retest the level of 1.57000 then return to rise up to the target 1.59000 then 1.59560 , these expectations require stability of the trading above the level of 1.57000.

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 82.980 then 83.250, which require the daily closing above 82.000 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

Forum statistics

Threads
11,639
Messages
27,588
Members
21,393
Latest member
ChaseProctorAPHelper

Latest Threads

Top