fxcbsar
26-01-2010, 10:14
This is Technical analysis daily and provided by specialists and analysts from FXCBS (http://www.fxcbs.com/)
Tuesday Jan 26, 2010
Previous session overview
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.
Market Expectations
EUR/USD :
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.
http://www.fxcbs.com/newsletter/images/EURUSD.gif
GBP/USD :
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.
http://www.fxcbs.com/newsletter/images/GBPUSD.gif
USD/JPY :
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.
http://www.fxcbs.com/newsletter/images/USDJPY.gif
Senior Analyst / Ali Hasan /FXCBS (http://www.fxcbs.com/)
Forex ECN Broker (http://www.fxcbs.com/)|Currency Online Trading (http://www.fxcbs.com/)| Low Spread (http://www.fxcbs.com/)| Free Trading Software (http://www.fxcbs.com/)
Tuesday Jan 26, 2010
Previous session overview
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.
Market Expectations
EUR/USD :
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.
http://www.fxcbs.com/newsletter/images/EURUSD.gif
GBP/USD :
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.
http://www.fxcbs.com/newsletter/images/GBPUSD.gif
USD/JPY :
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.
http://www.fxcbs.com/newsletter/images/USDJPY.gif
Senior Analyst / Ali Hasan /FXCBS (http://www.fxcbs.com/)
Forex ECN Broker (http://www.fxcbs.com/)|Currency Online Trading (http://www.fxcbs.com/)| Low Spread (http://www.fxcbs.com/)| Free Trading Software (http://www.fxcbs.com/)