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Major Currencies Analysis 10/12/2010 FXCBS

Discussion in 'Major Currency Crosses' started by fxcbsar, Dec 10, 2010.

  1. fxcbsar

    fxcbsar New Member

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    Friday December 10 , 2010

    Major Currencies Analysis

    EUR/USD

    The trading for the pair Euro against the U.S. dollar still walking between the same range (1.31750-1.33200), the pair maybe return today to visit the support level around the level 1.31750 then rise up to breakthrough the main resistance point at 1.33900, the determined indicators for the one hour candlestick showing negative sign, but if we look to the four hours candlestick we could se positive sign, I think the pair still have mixed sign until this moment.

    http://www2.fxcbs.com/newsletter/images/EURUSD.gif


    GBP/USD

    The MA 50 for the pair Sterling against the U.S. dollar still make a strong support point and push the pair to rise up , determined indicators showing positive sign which may push the pair to rise up to the target of 1.58900 , these expectation require stability of the trading above the level of 1.57300.

    http://www2.fxcbs.com/newsletter/images/GBPUSD.gif


    USD/JPY


    Positive sign showing from stochastic indicators for the pair U.S. dollar against the Japanese Yen which may cause uptrend intraday for the pair to the level of 84.250 , these expectation need stability of the trading above the level of 83.360.

    http://www2.fxcbs.com/newsletter/images/USDJPY.gif


    USD/CHF

    The pair U.S. dollar against Swiss Franc still trading below the MA50 level that making pressure on the pair to go more down , today we need a clear penetration for the level of 0.97800 to get our target around the level of 0.97250.

    http://www2.fxcbs.com/newsletter/images/USDCHF.gif


    AUD/USD

    The MA 50 still push the pair Australian dollar against the U.S. dollar up and we could see a positive sign through determined indicators , so we expect a bullish intraday for the pair to the level 0.99450 then to the level 0.99990.

    http://www2.fxcbs.com/newsletter/images/AUDUSD.gif


    USD/CAD

    The pair U.S. dollar against the Canadian dollar still has fluctuating around the level MA 50 , we expect today that the pair will decline to the level of 1.00200 then to the level 0.99250 these expectations require stability of the trading below the level of 1.01400.

    http://www2.fxcbs.com/newsletter/images/USDCAD.gif




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