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

Technical Analysis 14/10/2010 FXCBS

Discussion in 'Major Currency Crosses' started by fxcbsar, Oct 14, 2010.

  1. fxcbsar

    fxcbsar New Member

    Joined:
    Dec 4, 2009
    Messages:
    267
    Likes Received:
    0
    Thursday October 14 , 2010

    Previous session overview


    The pair Euro against the U.S. dollar traded during the Asia session between the lowest level at 1.39543 and the highest level at 1.41021, the pair trading now around the level of 1.40877.

    Regarding to the pair Sterling against the U.S. dollar traded during the Asia session between the lowest level at 1.58871 and the highest level at 1.60449, the pair trading now around the level of 1.60390.

    Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 81.140 and the highest level at 81.841 , the pair trading now around the level of 81.153.

    Market Expectations

    EUR/USD : We expect a decline for the pair Euro against the U.S dollar today to the level of 1.40150 then to retest the main support level of 1.39250, 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 break through the support level at 1.59650 during the Asia session , which may lead the pair to rise to the level of 1.60950 then to the level of 1.61500.

    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