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Technical Analysis 10/03/2010 of FXCBS

Discussion in 'Technical Analysis' started by fxcbsar, Mar 10, 2010.

  1. fxcbsar

    fxcbsar New Member

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    Wednesday March 10 , 2010

    Previous session overview

    The euro dollar pair is consolidating between 1.36150 levels and 1.35850 levels recording a high of 1.36130 and a low of 1.35870, while it is currently trading around 1.35900.

    Regarding the pound dollar pair, it fell slightly recording a low of 1.49516 and a high of 1.50158, having the royal currency trading around 1.49663.

    Finally, the dollar yen pair is trading between a high of 90.134 and a low of 89.843, while the pair is currently trading around 90.128.

    Market Expectations

    EUR/USD :
    etermined Indicators for the pair euro against the U.S. dollar appears saturated in the procurement process, signals of a down trend formation started appearing on the the pattern appear through the formation of candles, we expect a decline for the pair today aimed initially at 1.35010 and then re-test support level at 1.34450, and this requires constant for trading below the level of 1.36670.

    [​IMG]

    GBP/USD :
    Determined Indicators for the pair sterling against the U.S. dollar appears saturated in the procurement process, and we expect today's decline for the pair re- test the support level 1.47800 then the level of 1.47200.


    [​IMG]

    USD/JPY : We expect today for the pair the dollar against the Japanese yen downtrend aimed at areas 90,000 and then 89,700, Stochastic indicator for one hour and for four hours in addition to support our expectations for this day.

    [​IMG]

    Senior Analyst / Ali Hasan /FXCBS

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