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Major Currencies Analysis 8/12/2010 FXCBS

Discussion in 'Major Currency Crosses' started by fxcbsar, Dec 8, 2010.

  1. fxcbsar

    fxcbsar New Member

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    Wednesday December 8 , 2010

    Major Currencies Analysis

    EUR/USD


    The pair Euro against the U.S. dollar still walking between the main resistance level at 1.33900 and the main support level at 1.31910 , yesterday the pair decline strongly after it couldn’t penetrate the resistance level , a bearish technical pattern’s breached neckline at 1.32650 and thereby helps the pair return to decline more , but we could see either that the momentum indicators are showing positivity, where these crossover signs lead us to advice our clients to take care during the trade today until we can see a clear sign .

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

    GBP/USD

    The pair Sterling against the U.S. dollar rebounded down from the level 23.6% Fibonacci yesterday to back to down side the MA 50 is showing support in front of the pair, alongside stochastic entering oversold areas, The pair currently stands on a critical point at 1.56800 if the pair can stable above this level we my see a bullish trend today to the level 1.58120.

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

    USD/JPY

    Stochastic for the pair U.S. dollar against Japanese Yen is offering us positive crossover signs in line with stabilizing above the MA 50. We still wait a breakthrough for the level of 84.250 to get clear up sign for the pair to the target of 85.000.

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


    USD/CHF

    The pair U.S. dollar against the Swiss Franc breakthrough the resistance level 0.98900 , but we can see a negative sign through stochastic indicators which may lead the pair to decline to the level 0.98000 today these expectations require stability of the trading below the level of 0.99430.

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

    AUD/USD


    We expect a bullish intraday for the pair Australian dollar against the U.S. dollar to the level 0.99450 determined indicators supporting these expectations on the one hour candlestick and for hours candlestick , stability of the trading above the level of 0.97600 necessary to achieve these expectations .

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

    USD/CAD

    We expect a decline today for the pair U.S dollar against the Canadian dollar to the level 1.00570 where the determined indicators appearing through the four hour interval supports resuming this reversal, these expectations require stability of the trading below the level of 1.01827. some text

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



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