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

Technical Analysis 13/10/2010 FXCBS

Discussion in 'Major Currency Crosses' started by fxcbsar, Oct 13, 2010.

  1. fxcbsar

    fxcbsar New Member

    Joined:
    Dec 4, 2009
    Messages:
    267
    Likes Received:
    0
    Wednesday October 13 , 2010

    Previous session overview


    The pair Euro against the U.S. dollar traded during the Asia session between the highest level at 1.39781 and the lowest level at 1.39119, the pair trading now around the level of 1.39677.

    Regarding to the pair Sterling against the U.S. dollar traded during the Asia session between the highest level at 1.58683 and the lowest level at 1.57744, the pair trading now around the level of 1.58559.

    Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 81.654 and the highest level at 82.003 , the pair trading now around the level of 81.901.

    Market Expectations

    EUR/USD
    : We expect a decline for the pair Euro against the U.S dollar today to the level of 1.38900 then to retest the main support level of 1.38400, determined indicators show strong saturation in the purchasing process which is showing through the four hours candlestick ,which is supports our expectations.

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

    GBP/USD : The pair Sterling against the U.S. dollar couldn’t break through the support level at 1.59650 yesterday and it’s close daily price below it and , which may lead the pair to decline to the level of 1.58000 then to the level of 1.57000.

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

    USD/JPY : We expect a bullish intraday trend, supported by a bullish crossover appearing on Stochastic. The expected targets start at 82.450 then 82.850, which require the daily closing above 81.000 to prevail.


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


    Newsletter

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

     
Loading...

Share This Page