Technical analysis of FXCBS

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This is Technical analysis daily and provided by specialists and analysts from FXCBS

Tuesday Jan 26, 2010
[COLOR=Red]
Previous session overview[/COLOR]

The euro dollar pair fell in the Asian session to record a low of 1.40718and a high of 1.41788, having the union currency trading around 1.41001.

As for the pound dollar pair, it declined slightly after yesterday's rally to record a low of 1.61914 and a high of 1.62676, having the royal currency trading around 1.62245.

Finally, the Japanese yen gained against the dollar to offset yesterday's drop and the pair recorded a low of 89.548 and a high of 90.547, while it is currently trading around 90.112.


[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD : [/COLOR]
EUR fell against the U.S. dollar and breaking the support level at 1.41400 and tried to approach the key of the support level at 1.40500, and we expect a breakthrough for this level and orientation towards the target 1.39500, but before this happens we may see some fluctuation of the price.


[COLOR=SeaGreen]
GBP/USD : [/COLOR]
Sterling against the U.S. dollar based on the resistance level at 1.62500, we can see negative signals through stochastic indicator which make us expect today a decline in the price to the level 1.60600.



[COLOR=SeaGreen]USD/JPY : [/COLOR]
The pair breached the secondary support nearing the initial target at 89.000 we expect a downside intraday move today targeting the support level at 88.800 which requires trading to remain below 90.600.



Senior Analyst / Ali Hasan /FXCBS

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This is Technical analysis daily and provided by specialists and analysts from FXCBS

Wednesday Jan 27, 2010
[COLOR=Red]
Previous session overview[/COLOR]

The euro dollar pair is consolidating between 1.40962 levels and 1.40402 levels, having the union currency trading around 1.40552.

Regarding the pound dollar pair, continued taking a downside today recording a low of 1.61086 and a high of 1.61600, while the royal currency is currently trading around 1.61418.

Finally, the Japanese yen continued to rally against its American counterpart, and the pair recorded a low of 89.136 and a high of 89.720, while it is currently trading around 89.389.
[COLOR=Red]
Market Expectations[/COLOR]
[COLOR=SeaGreen]
EUR/USD :[/COLOR]
The pair Euro against the U.S dollar still have negative pressure which push the pair to landing , but the support level at 1.40500 still also strong and have powerful from the positive signals which come through Stochastic indicator , the penetration of this level open the way for the pair to fall to the level 1.38450.



[COLOR=SeaGreen]GBP/USD : [/COLOR]
We expect today for the pair Sterling against the U.S down trend begins after breakthrough the support level at 1.60600 to the initially target 1.60000 then further to 1.59250 , steady trading below 1.62800 is a necessary condition to achieve this expectation.


[COLOR=SeaGreen]
USD/JPY : [/COLOR]
Stochastic appears saturated in sales, which may lead the pair to some volatility and small correction to the level 89.900 before continues its landing to the target level at 87.450.




Senior Analyst / Ali Hasan /FXCBS

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This is Technical analysis daily and provided by specialists and analysts from FXCBS

Monday 1,February , 2010

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair is consolidating between 1.39030 levels and 1.38521 levels recording a high of 1.38030 and a low of 1.38521. The pair is currently trading around 1.38788 the lowest level in about 7 months.

Regarding the pound dollar pair, it is fell slightly recording a low of 1.59181 and a high of 1.59779, having the royal currency trading around 1.59210.

Finally, the dollar yen pair is consolidating between a high of 90.460 and a low of 90.467, and the pair is currently trading around 90.452.
[COLOR=Red]

Market Expectations
[/COLOR]
[COLOR=SeaGreen]EUR/USD :[/COLOR]
The pair Euro against U.S dollar breakthrough the support point at 1.40500 at the trading last week to achieve the lowest at 1.38520 , we expect a new low this week aimed at 1.35250 , but we expect corrective movement for the pair before that happens , these expectations require stability of trading below 1.40500.



[COLOR=SeaGreen]GBP/USD : [/COLOR]
The pair Sterling against the U.S. Dollar was succeeded to breach the support level 1.6025 during the trade last week and achieved the lowest price at 1.5932; we expect a further drop for the pair during the trading this week aimed at the level 1.57000.



[COLOR=SeaGreen]USD/JPY :[/COLOR]
We expect the pair to succeed in breaching this level 89.250 and therefore opening the way to achieve a possible bearish short term direction for this week. We could witness some minor bullish correction before activating the expected bearish direction that mainly targets 86.90 and then 84.80. It is vital that 92.90 remain intact to maintain chances of achieving the predicted bearish direction.



Senior Analyst / Ali Hasan /FXCBS

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Tuesday February 2 , 2010

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair is consolidating between 1.39520 levels and 1.38850 levels recording a high of 1.39512 and a low of 1.38857. The pair is currently trading around 1.39258

Regarding the pound dollar pair, it is fluctuating between a high of 1.59732 and a low of 1.59027, having the royal currency trading around 1.59242.

Finally, the dollar is consolidating against the Japanese yen recording a high of 90.907 and a low of 90.467, and the pair is currently trading around 90.567.

[COLOR=Red]
Market Expectations
[/COLOR]
[COLOR=SeaGreen]EUR/USD :[/COLOR]
The Pair euro against the U.S. dollar, completed its corrective to the levels of 1.39500, and for now we expect that the pair back again to drop the target levels of 1.38000 and further to 1.37250, these expectations requires stability of trading below the level of 1.40250.



[COLOR=SeaGreen]GBP/USD :[/COLOR]
The pair sterling against the U.S. dollar is still being attempts to complete the corrective movement to the level 1.60000 back down again towards the achievement of new targets at 1.58000 and then 1.57250; this expectation requires constant trading below 1.60600.



[COLOR=SeaGreen]USD/JPY : [/COLOR]
Momentum indicators are showing negative signs that support our expectations of achieving the possible bearish intraday direction that requires the breach of 90.300 to pave the way towards 89.100 initially. It is vital that 90.100 remain intact to achieve the bearish trend.


Senior Analyst / Ali Hasan /FXCBS

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This is Technical analysis daily and provided by specialists and analysts from FXCBS

Wednesday February 3 , 2010
[COLOR=Red]
Previous session overview[/COLOR]

The euro dollar pair fell slightly in today's Asian session recording a low of 1.39465 and a high of 1.40257, having the 16 nations' currency trading around 1.40249.

Regarding the pound dollar pair, it is consolidating between 1.60690 levels and 1.59633 levels recording a high of 1.60374 and a low of 1.59630. The pair is currently trading around 1.60392 levels.

Finally, the dollar yen pair still trading around the 90.276 levels recording a low of 90.069and a high of 90.556.

[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD :[/COLOR]
The pair Euro against U.S. dollar managed to complete the corrective movement to the 38.2% Fibonacci at the level 1.39870, we expect today for the pair to return to land again to the level 1.38000 , we can see through stochastic indicator a signs of saturation in the procurement process for the pair .



[COLOR=SeaGreen]GBP/USD :[/COLOR]
The pair Sterling against the U.S. dollar rose to the level 1.60600, at this level the corrective movement completed as we see, Stochastic appears saturated in the procurement process which may lead the pair to return to test the support level previously broken at 1.59750.



[COLOR=SeaGreen]USD/JPY :[/COLOR]
The dollar versus yen is trading below resistance for the descending channel , we still keeps our pervious expectations of achieving a possible bearish intraday direction, where its main targets reside around 89.100, keeping in mind the importance of trading remaining below 91.100 so that the expected scenario may prevail.



Senior Analyst / Ali Hasan /FXCBS

http://www.fxcbs.com/newsletter/daily.html

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Thursday February 4 , 2010
[COLOR=Red]
Previous session overview[/COLOR]

The euro dollar pair is consolidating between a low of 1.38265 and a high of 1.39024, having the union currency trading around 1.384540.

Regarding the pound dollar pair, it fell slightly recording a low of 1.58236 and a high of 1.59170, having the royal currency trading around 1.58374.

Finally, the dollar yen pair is consolidating between a high of 91.071 and a low of 90.715, having the green currency trading around 90.793.

[COLOR=Red]
Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD :[/COLOR]
The pair euro against the U.S. dollar dropped to the level 1.38260 after it reach the resistance level at 1.40250 , , indicators are show saturation in sales, which may lead the pair to make some of the volatility before continuing the process of decline toward the goal 1.37250.



[COLOR=SeaGreen]GBP/USD :[/COLOR]
The pair sterling against the U.S. dollar has fallen to 1.58438, we expect a further drop today, but the pair must be get rid a saturation that appear on the Stochastic indicator before continuing the trip down to the level 1.56800.


[COLOR=SeaGreen]
USD/JPY :[/COLOR]
We await today a possible bearish intraday direction that insures the breach of pivotal support 90.800, thereby making the pair's achieving the primary targets easier around 89.100. Keep in mind the importance of trading remaining below 91.300 to insure that these expectations continue.



Senior Analyst / Ali Hasan /FXCBS

http://www.fxcbs.com/newsletter/daily.html

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Friday February 5 , 2010

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair still falling recording a low of 1.36471 and a high of 1.37458, having the union currency trading around 1.36710.

Regarding the pound dollar pair, it extended declines in the Asian session recording a low of 1.56533 and a high of 1.57751, having the royal currency trading around 1.56992.

Finally, the dollar gained slightly against the Japanese yen to record a low of 88.880 and a high of 89.769, and the pair is currently trading around 89.523.


[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD :[/COLOR]
The pair euro against U.S. dollar succeeded to achieve our goals which were mentioned yesterday on our report, stochastic appears saturated in sales process, which could lead to spouse corrective movement to the 38.2% Fibonacci level at the point 1.38100, but we must have attention to the economic data which will be issued today from USA economic.



[COLOR=SeaGreen]GBP/USD :[/COLOR]
Stochastic shows positive signs for a couple of sterling against the U.S. dollar, which could pay for a spouse corrective movement to the level of 1.5800 before continuing the journey down towards new goals at 1.55600 , which need a stable trading below 1.58500.



[COLOR=SeaGreen]USD/JPY :[/COLOR]
The dollar against yen succeeded in achieving the bearish scenario mentioned yesterday, we expect a bearish intraday direction, where its primary targets are around 87.350 and require mainly 90.550 to remain intact in the four hour closing below it.



Senior Analyst / Ali Hasan /FXCBS

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This is Technical analysis daily provided by specialists and analysts from FXCBS

Monday February 8 , 2010
[COLOR=Red]
Previous session overview[/COLOR]

The euro dollar pair fell slightly recording a low of 1.36209 and a high of 1.36783, having the union currency trading around 1.36750.

Regarding the pound dollar pair, it declined in today's Asian session to record a low of 1.55349 that lowest since May 21and the highest was at the level 1.56214. The pair is currently trading around 1.55858.

Finally, the dollar yen pair is consolidating between a low of 89.141 and a high of 89.492, while the pair is trading around 89.422.

[COLOR=Red]Market Expectations[/COLOR]
[COLOR=SeaGreen]
EUR/USD :[/COLOR]
The pair Euro against U.S. dollar succeeded to achieved the objectives of the landing during the trade last week, determined indicators show a high saturation in the sales, which may lead the pair to make a corrective movement to the level 1.38550 and we should note that this new movement just corrective .


[COLOR=SeaGreen]
GBP/USD :[/COLOR]
The pair Sterling against the U.S. dollar fell sharply during the trade last week but it was collides with a key support at 1.55300, we can show a signs of positive reaction by stochastic which may lead to a corrective movement to the level of 1.58550.


[COLOR=SeaGreen]
USD/JPY :[/COLOR]
We expect to achieve more bearish short term direction in order for this pattern's targets, which are around 84.800, could prevail. It is vital that 90.300 remain intact to support the bearish direction whereas the bearish short term remains intact while trading below main resistance 92.500.



Senior Analyst / Ali Hasan /FXCBS

http://www.fxcbs.com/newsletter/daily.html

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This is Technical analysis daily provided by specialists and analysts from FXCBS

Tuesday February 9 , 2010

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair inclined to record a high of 1.37437 and a low of 1.36427, having the union currency trading around 1.37238.

As for the pound dollar pair, it gained slightly recording a high of 1.56456 and a low of 1.55642, having the royal currency trading around 1.56160.

Finally, the dollar gained against the Japanese yen to record a high of 89.633 and a low of 89.157, and the pair is currently trading around 89.549.

[COLOR=Red]Market Expectations[/COLOR]
[COLOR=SeaGreen]
EUR/USD :[/COLOR]
The pair Euro against U.S. dollar making a corrective movement which may achieve the level of 1.38500, we expect an upward trend today for the pair to that level, this expectation require constant of trading above the level 1.36400.



[COLOR=SeaGreen]GBP/USD : [/COLOR]
the pair Sterling against U.S. dollar is making a corrective movement and we are waiting for breakthrough the resistance level at 1.56660 to open the road in front of the pair to complete its corrective to the level of 1.57700, this expectation require constant of trading above the level of 1.55500.



[COLOR=SeaGreen]USD/JPY :[/COLOR]
We wait for today a bearish intraday direction; targeting 88.450 then 87.750. A break of 89.090 will help the bearish trend gain speed to the level 88.450.



Senior Analyst / Ali Hasan /FXCBS

http://www.fxcbs.com/newsletter/daily.html

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This is Technical analysis daily provided by specialists and analysts from FXCBS

Wednesday February 10 , 2010
[COLOR=Red]
Previous session overview[/COLOR]

The euro dollar pair declined recording a low of 1.37337 and a high of 1.38067, having the union currency trading around 1.37732.

As for the pound dollar pair, it fell in the Asian session to record a low of 1.56588 and a high of 1.57242, having the royal currency trading around 1.56812.

Finally, the dollar declined against the Japanese yen after gaining yesterday and the pair recorded a low of 89.530 and a high of 90.010, while it is currently trading around 89.704.

[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD :[/COLOR]
The Euro against U.S. dollar succeeded yesterday to complete its correction movement to 38.2% Fibonacci near the level 1.38500, we expect today volatility for the price to get rid of the negative sign that shows through stochastic indicator before return to rise again to achieve the corrective level of 61.8% Fibonacci .


[COLOR=SeaGreen]
GBP/USD : [/COLOR]
The pair Sterling against U.S. dollar collided yesterday with the level 38.2% Fibonacci at the price 1.57450 , we expect today some volatility for the price before determining its trend, that is because of the important economic data which we are waiting today from the United Kingdom economic .


[COLOR=SeaGreen]
USD/JPY :
[/COLOR]Momentum indicators show negative signs that make us maintain the previously expected bearish direction, where we await the breach of 89.570 and the 87.700. It is vital that trading remain below 90.300 so these expectations may prevail.



Senior Analyst / Ali Hasan /FXCBS
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