Technical analysis of FXCBS

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Friday March 19 , 2010

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

The euro dollar pair is consolidating between the 1.36300 levels and 1.36000 levels recording a high of 1.36267 and a low of 1.35984, having the union currency trading around 1.36160.

Regarding the pound dollar pair, it is trading between a high of 1.52554 and a low of 1.51636, having the royal currency trading around 1.51800 levels.

Finally, the dollar yen pair is trading between a high of 90.597 and a low of 90.337, and the pair is currently trading around 90.521.

[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD[/COLOR] :The pair euro against the U.S. dollar achieved our expectations yesterday with high accuracy, we expect a further drop today aimed at the level of support 1.35650 and we expect a breakthrough for this level to head towards the goal 1.35200, these expectations requires constant trading below the level of 1.36500.



[COLOR=SeaGreen]GBP/USD[/COLOR] : The pair sterling against the U.S. dollar achieved our expectations yesterday, touching the precise level of support at 1.52250, and completed the landing with the start of trading today to close a candle four hours below that level; we expect a further drop today aimed first at the level of 1.51000 and then 1.50650



[COLOR=SeaGreen]USD/JPY[/COLOR] :WWe expect a bearish direction over an intraday basis, which will start with the breach of 90.000 and head towards 89.450 then 89.000. Keep an eye on 90.650, where the four hour candlestick closing above it will pave the way for a temporary ascend that targets 91.500 mainly.





Senior Analyst / Ali Hasan /FXCBS

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Monday March 22 , 2010

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

The euro dollar pair extended its last week's decline recording a low of 1.34899 and a high of 1.35366, having the union currency trading around 1.35061.

Regarding the pound dollar pair, it continued to drop recording a low of 1.49319 and a high of 1.50241, having the royal currency trading around 1.49567.

Finally, the dollar yen pair is consolidating between a high of 90.770 and a low of 90.415, while it is currently trading around 90.740.

[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD[/COLOR] :The of EUR against the U.S. dollar failed to settle above the level of 1.38000 which led the pair to retest the support level at 1.34850, bearish signals shows for the pair through the chart and technical indicators confirms that, which made us predict bearish movement for the pair today and the rest of the week, we may see today some of the volatility for the pair around the level of support which mentioned before continuing the decline.




[COLOR=SeaGreen]GBP/USD[/COLOR] : The pair sterling against U.S dollar failed to stabilize on the level of 50% over the past week at a price of 1.52650, which prompts the pair to drop back to the levels of 1.49500, RSI on the weekly chart still pushes the pair to decline, which leads us to keep our expectations in landing during the trading today.



[COLOR=SeaGreen]USD/JPY[/COLOR] :The pair U.S dollar against Japanese Yen failed to stabilize below 89.650 and will stay on sideway trading in attempt to achieve the ongoing bullish direction. We hold onto the neutral stance throughout the day. We recommend following up with the daily report and keeping up with the pair's movement towards 92.250 and 89.650.





Senior Analyst / Ali Hasan /FXCBS

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Tuesday March 23 , 2010
[COLOR=Red]
Previous session overview[/COLOR]

The euro dollar pair is trading between 1.35700 levels and 1.35100 levels recording a high of 1.35691and a low of 1.35141, having the union currency trading around 1.35152.

The pound dollar pair recorded a low of 1.50525 and a high of 1.51119, having the royal currency trading around 1.50602.

Finally, the dollar yen pair is trading between the high of 90.379 and a low of 90.060, while the pair is currently trading around 90.331.
[COLOR=Red]
Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD[/COLOR] :The Euro against U.S. dollar failed yesterday to settle below the level of 1.34850, as a result the pair shifted to the level of 1.35750 to get rid of the determination which is showed through the indicators, Stochastic appears saturated in the procurement process which may lead the pair to re-test stability below the level of 1.34850, and therefore we expect a bearish movement for the pair during today’s session.




[COLOR=SeaGreen]GBP/USD[/COLOR] : Stochastic for the pair sterling against the U.S. dollar appears saturated in the procurement process on the chart for four hours, which may lead to a bearish trend for the pair during the trading today , and we expect that the pair starts the fifth bearish wave (Fifth Elliott wave )during the trading today .




[COLOR=SeaGreen]USD/JPY[/COLOR] :The major confliction between the stochastic could point to a bullish rebound and between the RSI indexes that seems to have failed in building a base above 50 points. From here, we shall stay neutral for some time until insuring signs emerge for the direction. Any trading between 91.000 and 89.750 will leave the pair in a sideway direction.




Senior Analyst / Ali Hasan /FXCBS

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Wednesday March 24 , 2010

[COLOR=Red]Previous session overview
[/COLOR]
The euro dollar pair dropped recording a low of 1.34061 and a high of 1.35062, having the union currency trading around 1.34161.

Regarding the pound dollar pair, the pair recorded a low of 1.49568 and a high of 1.50455 the pair is currently trading at 1.49688.

Finally, the dollar gained against the Japanese yen recording a high of 90.653 and a low of 90.347, and the pair is currently trading around 90.600.


[COLOR=Red]Market Expectations
[/COLOR]
[COLOR=SeaGreen]EUR/USD [/COLOR]:The pair euro against the U.S. dollar declined as we expected yesterday to close at the support level 1.33990 at the beginning of trading for this day, we expect today a further drop for the pair aimed initially at 1.33250, with the possibility of some minor corrections during the trade.




[COLOR=SeaGreen]GBP/USD[/COLOR] : Negative signals emerge from the Stochastic indicator for the pair sterling against the U.S. dollar parallel to the emerge of technical bearish features to the pair, as we mentioned in our report yesterday, we still waiting for the entry in the fifth wave downward according to the (Elliot Waves), We are waiting now a breakthrough for the level of support at 1.49560.



[COLOR=SeaGreen]USD/JPY[/COLOR] :The sideway trading continues, between 91.000 and 89.750 our expectations for today remain neutral until a breach of mentioned resistance and support occurs to insure the intraday direction, although we are leaning towards expectations of a bearish short tern direction.



Senior Analyst / Ali Hasan /FXCBS

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Thursday March 25 , 2010

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

The euro dollar pair declined recording a low of 1.32836 and a high of 1.33471, having the union currency trading around 1.33191.

Regarding the pound dollar pair, it fell slightly in the Asian session recording a low of 1.48533 and a high of 1.49276, having the royal currency trading around 1.49143.

Finally, the dollar yen pair is consolidating between a high of 92.327 and a low of 91.762, and it is currently trading around 91.900.

[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD[/COLOR] :RSI still points to the possibility of more bearish movement for today the oversold signs on Stochastic could cause some fluctuation and bullish correction remain target at 1.31300 then to 1.30000.




[COLOR=SeaGreen]GBP/USD[/COLOR] :The stochastic despite of it entering oversold areas is giving off a need for more bearish movement which could be opened alongside the RSI that points to the possibility of more bearish movement.




[COLOR=SeaGreen]USD/JPY[/COLOR] :We expect that the pair entered bullish wave that maintains the possibility of trading remaining above 90.95. Positive signs on momentum indicators that could be harmonic technical pattern that is currently being formed and with expectations of a bullish direction towards ascending levels.



Senior Analyst / Ali Hasan /FXCBS

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Friday March 26 , 2010

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

The euro dollar pair inclined slightly recording a high of 1.33581 and a low of 1.32670, having the union currency trading around 1.33544.

Regarding the pound dollar pair, inclined slightly to record a high of 1.48928 and a low of 1.48044, while it is currently trading around 1.48267.

Finally, the dollar yen pair is consolidating between a high of 92.772 and a low of 92.396, while the pair is currently fluctuating around 92.621.

[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD[/COLOR] :Today we are waiting an up correction movement for the pair Euro against U.S. dollar; this is reflected through indicators determined, but the general trend for the pair still downward, which aims to correct the level of 76.4% Fibonacci at the level of 1.31000



[COLOR=SeaGreen]GBP/USD[/COLOR] :We expect today an up corrective movement for the pair sterling against U.S. dollar to get rid of saturation in the large sales but we still reserve our expectations, the general downward trend for the pair, Continued trading below 1.49350 confirms our expectations.



[COLOR=SeaGreen]USD/JPY[/COLOR] :We expect more bullish movement for the pair, there is a high saturation in the procurement process, this makes us maintain witnessing some bearish corrections; however, any bearish correction does not surpass 91.720.



Senior Analyst / Ali Hasan /FXCBS

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Friday March 26 , 2010

[COLOR=Red]Daily Fundamental Analysis[/COLOR]

The leaders of the euro zone Reached to an agreement in Brussels last night to rescue Athens including assistance from the IMF and bilateral loans from the members of the European zone. According to the agreement, Greece will get loans coordinated partners in the European Union as well as assistance from the International Monetary Fund "in the event of serious difficulties. " Herman van Rumbai - European Council President has hoped that the agreement sends a signal to creditors to confirm that the euro zone will never give up on Greece and that in case of any danger; the other Member States will take similar steps. He also added that the assistance will be through the mechanism of the EU and the International Monetary Fund.

European Central Bank President Jean-Claude Trichet, who had opposed the use of the Fund, noted he was satisfied with the agreement said he would maintain the responsibilities that must be borne by European governments. Aiding Greece would be conditional on estimates conducted by the European Central Bank and the European Commission, To make sure that the European Union controls the terms of the bailout plan, The decision would collectively to the euro zone to lend Greece.

The decision has decreased the U.S. dollar today after the optimism of the of European leaders decision to a joint agreement to bailout Greece. The euro rebounded on Friday from its lowest level in ten months against the dollar after the announcement of the agreement and Rose 0.3% against the dollar. On the other hand the dollar index, which measures the value of the greenback against a basket of six major currencies, has rebounded slightly from the highest level in ten months at 82.240 points, after rising sharply in the past few days. The U.S. economy is still showing positive signals and that is supporting the dollar these days and not just the jittery sentiment. The final GDP reading for the past quarter is expected unrevised today at 5.9%. While Michigan confidence which is expected with a slight upside revision is still down from February which might slightly affect the market.


Senior Analyst / Ali Hasan /FXCBS

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[COLOR=Red]White Labels [/COLOR]

FXCBS gladly offers White Label Partnership. White Label Brokers can benefit from our ECN trading environment on our user friendly trading platform MetaTrader4, and can make it available for their clients under their own brand name.
FXCBS White Label program is designed for institutions and regulated companies by providing a customized interface that allows them to maintain and promote their company brand and be in charge of all administrative work including holding clients funds.
White Label Brokers can:

* Charge their clients commission for each trade.
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White Label Fees:

* Setup fee: USD 5000.00 (Paid once).
* Monthly service fee: USD 1000.00

[COLOR=Red]Money Managers [/COLOR]

Money managers are professional traders who earn income by charging their clients Management Fees and/or Profit Sharing by managing the accounts of their clients.
How it works:
Clients apply for Live Accounts at FXCBS and sign a Power of Attorney to Authorize the Money Manager to operate on their account(s). On the other hand, FXCBS will be providing a Multi Account Management (MAM) Solution for Money Managers to handle their clients' accounts from one MetaTrader platform.
Multi Account Manager gives you:

* Unlimited trading accounts.
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* Each Sub Account has an output to screen report.
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Click here to watch the video demos.

[COLOR=Red]Introducing Brokers [/COLOR]

Introducing brokers are individuals or institutions who can earn income in the form of commission by introducing clients to FXCBS. IBs don't handle the administrative work of their clients and do not hold the clients' funds.
Who can benefit from FXCBS IB Program?

* Institutions that conduct business as Brokers.
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How can you benefit from becoming an IB?
By referring your clients, either personally or electronically, you will be entitled of a rebate of the commission according to the volume generated by their clients' trading activities.
*Only IBs who adopt the same commission fee of FXCBS with no extra charges are entitled of a rebate from our commission.

[COLOR=Red]MetaTrader4 Licensee [/COLOR]

By integrating and combining FXCBS aggregation system with your MetaTrader4 portal, you will have a powerful and more robust and reliable price feed and Straight Through Processing (STP) execution, where trades requested by customers on a MetaTrader4 platform would be executed directly against bank feeds through FXCBS system.
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[COLOR=Red]Request a Partnership[/COLOR]

If you are interested in Partnership with FXCBS, please fill the form below. Upon receiving your message, one of our Institutional Sales team will contact you.

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Tuesday March 30 , 2010

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

The euro dollar pair has risen in the Asian session recording a high of 1.35282 and a low of 1.34700, having the union currency trading around 1.35212.

The pound dollar pair recorded a low of 1.49739 and a high of 1.50556, having the royal currency trading around 1.50435.

Finally, the dollar yen pair is consolidating between a high of 92.639 and a low of 92.124, while the pair is currently trading around 92.610.

[COLOR=Red]Market Expectations[/COLOR]
[COLOR=SeaGreen]
EUR/USD[/COLOR] :Stochastic appears saturated in the procurement process for the pair euro against the U.S. dollar, we expect that the pair will senses the level of resistance and 1.35400, which exists near the moving average 100, and then turn down towards to achieve a goals of 1.34400 and then 1.33500.



[COLOR=SeaGreen]
GBP/USD[/COLOR] :Today, we expect a decline for a couple of sterling against the U.S. dollar to the goals of 1.49350 and then to the level of 1.48250, determined indicators are close to saturation in the procurement process, the stability of trading below 1.51000 is necessary to achieve our expectations .



[COLOR=SeaGreen]
USD/JPY[/COLOR] :Stochastic entering oversold areas so we expect a bullish direction over an intraday basis heading towards 93.30 then 94.00. The breach of 91.50 will weaken chances of achieving bullish expectations for today.



Senior Analyst / Ali Hasan /FXCBS

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Wednesday March 31 , 2010

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

The euro dollar pair traded in a narrow range during the Asian session recording a high of 1.34380 and a low of 1.33842, having the union currency trading around 1.34077.

The pound dollar pair recorded a low of 1.50570 and a high of 1.50996, having the royal currency trading around 1.50755.

Finally, the dollar yen pair is recorded a high of 93.600 and a low of 92.752, while the pair is currently trading around 93.222.

[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD[/COLOR] :Bullish determined signals by the Stochastic could push the pair euro against the U.S. dollar to rise slightly towards to the resistance level at 1.34500 to retest it , and then detour down to achieve the targets 1.33350 then 1.33050.



[COLOR=SeaGreen]GBP/USD[/COLOR] :We commit ourselves to neutrality today for the pair Sterling against U.S. dollar and watching the penetration for the support level at 1.50450 or penetration for the resistance level at 1.51250.




[COLOR=SeaGreen]USD/JPY[/COLOR] :We expected bullish intraday trend that will target first mentioned resistance, which will pave the way to the main upcoming target at 94.050. Chances of achieving this scenario will remain intact if we do not witness the four-hour closing below 92.500.





Senior Analyst / Ali Hasan /FXCBS

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