1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Technical Analysis 1/03/2010 of FXCBS

Discussion in 'Technical Analysis' started by fxcbsar, Mar 1, 2010.

  1. fxcbsar

    fxcbsar New Member

    Dec 4, 2009
    Likes Received:
    This is Technical analysis daily provided by specialists and analysts In FXCBS

    Monday March 1 , 2010

    Previous session overview

    The euro dollar pair declined to record a low of 1.35856 and a high of 1.36504, while it is currently trading around 1.36254.

    Regarding the pound dollar pair, it declined as well to record a low of 1.50963 and a high of 1.52031, having the royal currency trading around 1.51600.

    Finally, the dollar gained against the Japanese yen after the pair declined sharply last week as traders targeted the low yielding yen. The pair recoded a low of 88.810 and a high of 89.364.

    Market Expectations

    EUR/USD :
    The determined Indicators forthe pair euro against the U.S. dollar appears saturated in the procurement process, so we expect a downward trend for the pair to the level 1.34650 and then to the level of 1.33800.


    GBP/USD :
    Sterling against the U.S. dollar has fallen sharply with the start of trading today, but we are now waiting a corrective move upward for the pair before continuing decline towards to the new goals.


    USD/JPY :

    the dollar against the yen Facing strong support levels at the 88,200, determined indicators show signs positive reaction may push the price upward before continuing downward spiral toward to the targets of 87,000 and then 86,450.


    Senior Analyst / Ali Hasan /FXCBS


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


Share This Page