Technical analysis of FXCBS

[fxcbsar]

Thursday April 1 , 2010

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

The Euro Dollar rose during today’s trading (Asia session) where the pair rebounded to the upside to set a high of 1.35612 and low of 1.34813as it’s now trading at 1.34887.

The British Pound also managed to rise against the U.S. dollar, where the pair rebounded to set a record high of 1.52398 and low of 1.51678 as it’s now trading at 1.51985.

Finally, the U.S. dollar extended its gains against the Japanese Yen, where the pair low of 93.279 and rebound from that level to set the highest level for today at 93.679 as the pair is now trading at 93.674.

[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD[/COLOR] :Today, we expect a decline for the pair euro against the U.S. dollar targeted at 1.34200 and then 1.33800, Stochastic and the RSI supports our expectations for the decline, trading below the level of 1.36100 is necessary to achieve these expectations.




[COLOR=SeaGreen]GBP/USD[/COLOR] :Today, we expect a decline for the pair sterling against the U.S. dollar to re-examine the support level at 1.50440, stochastic supports these expectations, the stability of trading below the 1.52750 is necessary to achieve these expectations.



[COLOR=SeaGreen]USD/JPY[/COLOR] :The pair continues to fluctuate around the resistance line for the ascending channel some awaited bearish correction to get rid of the negative momentum appearing, followed by a reversal in trading and through it a bullish direction over intraday can be expected, targeting 94.450 initially. It is vital that the four-hour closing remains above 92.550 for expectations to prevail.




Senior Analyst / Ali Hasan /FXCBS

Newsletter

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

[fxcbsar]

Wednesday April 7 , 2010
[COLOR=Red]
Previous session overview[/COLOR]

The Euro fell against the U.S. dollar in today’s trading, where the pair opened today’s trading at 1.34050 and achieve the highest at 1.34083 then set a low of 1.33590, the pair trading now around 1.33669.

The British Pound also rose against the U.S. dollar in today’s trading, where the pair opened today’s session at 1.52330 to set a low of 1.52273 and the highest at 1.52743 while currently trading at 1.52349.

Finally, the U.S. dollar against the Japanese Yen achieve the highest at 94.265 , and the lowest at 93.557 , where the pair trading now around the level of 94.029.
[COLOR=Red]
Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD[/COLOR] :We expect more bearish movement over the intraday basis. Upcoming targets are 1.3270, and there are chances of a bullish intraday rebound could appear if pivotal resistance levels between 1.3410 – 1.3460 are not breached.



[COLOR=SeaGreen]GBP/USD[/COLOR] :We expect a direction bullish for today and targets around 1.53850, this expectation requires a constant trading above the support level at 1.51250.



[COLOR=SeaGreen]USD/JPY[/COLOR] :Bullish momentum appearing on Stochastic for the pair U.S. dollar against Japanese Yen , so we expect a bullish trend for today where its targets start at 94.700.



Senior Analyst / Ali Hasan /FXCBS

Newsletter

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

[fxcbsar]

Thursday April 8 , 2010

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

The euro dollar pair is consolidating between the 1.33480 levels and the 1.32850 levels recording a high of 1.33481 and a low of 1.32855, having the union currency trading around 1.32953.

Regarding the pound dollar pair, it is trading between a high of 1.52431 and a low of 1.51479, having the royal currency trading around 1.51724.

Finally, the dollar Yen pair recorded a high of 93.432 and a low of 93.062, and it is currently trading around 93.101.
[COLOR=Red]
Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD[/COLOR] :Today, we expect a further drop for the pair euro against the U.S. dollar to the goals 1.32500 and then to the level of 1.31800, Stochastic approaching saturation in selling momentum, which may lead to fluctuations for the price around the level of 1.33250 to get rid of this negative determination before continuing the downward trend to the targets specified above.




[COLOR=SeaGreen]GBP/USD[/COLOR] :Sterling against the U.S. dollar is approaching to re-test the support level of 1.51250, we expect a decline for the pair for this day to the target level at 1.50500, and this expectation requires stability of the trading below 1.53000.




[COLOR=SeaGreen]USD/JPY[/COLOR] :Today, we expect the pair to continue the decline for the pair of the dollar against the Japanese yen, which mainly targets levels of 92.90 and 92.30. Constant trading under the level of 94.00 is important for achieving these expectations.





Senior Analyst / Ali Hasan /FXCBS

Newsletter

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

[fxcbsar]

Thursday April 8 , 2010

GBP/USD outlook

Sterling is trending lower against the U.S. dollar for the third consecutive day ahead of the BoE decision, where the MPC is expected to hold rates intact at their low of 0.5% and continue holding their APF at 200 billion pounds. The large deficit in the government budget and the possible suspension of the parliament remains the main cause of the enormous pressure on the sterling pound; we believe that the price has now started preparing to enter the fifth downward wave, therefore we wait further decline for the pair to re- test the level 1.47800 then achieve the target of 1.43650 And thus complete the last wave for the pair, a moving average 100 for the pair sterling against the U.S. dollar at the level of 1.56400, still a strong resistance for the pair impermeable, all of that these reasons make us believe that the pair should be decline to the level of 1.43650.






Senior Analyst / Ali Hasan /FXCBS

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

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

[fxcbsar]

Thursday April 8 , 2010

[COLOR=Red]EUR/USD outlook[/COLOR]

Euro faces a significant negative pressure and will continue its decline against the U.S. dollar after the European economy has shown a standstill for the fourth quarter growth in the past according to data released yesterday from Europe. The firmness of trading below the level of 1.35250 keeps on the downward trend for the pair. the pair of the euro against the U.S. dollar remains stable below the level of the of 1.34850 and 1.34100 at the corrective level of 61.8% Fibonacci, therefore We expect a further drop for a couple to the level of 76.4% correction Fibonacci at 1.30000.

If we return to the moving average 20-50 we can see that the moving average is negative, the intersection of 20 below the moving average 50, this moving average is a strong resistance force for a pair at 1.3525, all of these expectations supports the bearish trend for the pair the euro against the U.S. dollar.



Senior Analyst / Ali Hasan /FXCBS

http://www.fxcbs.com/newsletter/outlook2.html

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

[fxcbsar]

Friday April 9 , 2010
[COLOR=Red]
Previous session overview

[/COLOR] The euro dollar pair is consolidating between the 1.33400 levels and the 1.33850 levels recording a high of 1.33835 and a low of 1.33417, having the union currency trading around 1.33642.

Regarding the pound dollar pair, it is trading between a high of 1.53033 and a low of 1.52670, having the royal currency trading around 1.52950.

Finally, the dollar Yen pair recorded a high of 93.642 and a low of 93.336, and it is currently trading around 93.601.

[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD[/COLOR] : The euro against the U.S. dollar is still under pressure therefore holding back any real corrective movement, Trades for the pair will be quiet during the day, and the general trend remains bearish for the pair to head towards the goal of 1.31850, with the possibility of a corrective movement for a pair to the level of 1.34850.




[COLOR=SeaGreen]GBP/USD[/COLOR] :The pair Sterling against the U.S. dollar trading still limited between the support level at 1.51250 and the resistance level at 1.53030, we advised to monitor the price for the day before determining the direction.




[COLOR=SeaGreen]USD/JPY[/COLOR] :The expected direction over an intraday basis remains bearish; targeting 93.000 then 92.350 and essentially requires 94.050 to remain intact.





Senior Analyst / Ali Hasan /FXCBS

Newsletter

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

[fxcbsar]

Tuesday April 13 , 2010
[COLOR=Red]
Previous session overview[/COLOR]

[9:40:29 AM] Wael Salem: The Euro against the U.S. dollar traded in a narrow range in the Asian session between the lowest price at 1.35690 and the highest price at 1.35997, the pair trading now around the level of 1.35855.

Also the pair sterling against the U.S. dollar traded in a narrow range in the Asia session between the highest level at 1.53803 and the lowest level at 1.53364, the pair is currently trading around the level of 1.5740.

Finally the U.S. dollar against the Japanese Yen traded between the highest level at 93.271 and the lowest level at 92.572, the pair trading now around the level of 92.792.


[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD[/COLOR] : Today, we expect continued volatility for the EUR against the U.S. dollar around the level of 1.36000 before declining to close the price gap at the level of 1.34980, stability of trading below the level of 1.36590 is necessary to achieve that.





[COLOR=SeaGreen]GBP/USD[/COLOR] : etermined indicators push the pair sterling against the U.S. dollar to rise, for that we expect a bullish intraday direction to the target of 1.54450 then to the level 1.55000, these expectations require stability of trading above the level of 1.53000.





[COLOR=SeaGreen]USD/JPY[/COLOR] :We expect a bullish intraday direction; first of its targets are around 93.35. Momentum indicators are approaching oversold areas and thus; supporting this expected bullish rebound.





Senior Analyst / Ali Hasan /FXCBS

Newsletter

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

[fxcbsar]

Wednesday April 14 , 2010

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

The pair euro against U.S. dollar traded in a narrow range diagonally upward during the Asian session, the highest price was at 1.36653 and the lowest price was at 1.36021, the pair trading now around the level of 1.36511.

The pair sterling against the U.S. dollar traded in a narrow range diagonal upward during the Asian session, the highest price was at 1.54381 and the lowest price was at 1.53698 the pair trading now around the level of 1.54226.

Finally the pair U.S. dollar against the Japanese Yen traded in a narrow range during the Asian session between the highest price at 93.371 and the lowest price at 93.16 , the pair trading now around the level of 93.351.

[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD[/COLOR] : We expect an upside move today targeting 1.3787 and requires stability of trading above the level of 1.35250, A slightly downside correction might be seen due to negative momentum present over four-hour basis.




[COLOR=SeaGreen]GBP/USD[/COLOR] :Sterling against the dollar continues to fluctuate around the focal support areas of 1.53850 we expect further upside movement over intraday basis targeting 1.54990 and 1.55650, these expectation require stability of trading above the level of 1.52950.




[COLOR=SeaGreen]USD/JPY[/COLOR] :We expect a bullish intraday direction; first of its targets are around 94.00. Momentum indicators are approaching oversold areas and thus; supporting this expected bullish rebound.



Senior Analyst / Ali Hasan /FXCBS

Newsletter

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

[Plumbline]

What the hell is going on here? This is your LIVE platform and this is not the first time it has happened.

Reuban Plumbline