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Technical Analysis 19/03/2010 of FXCBS

Discussion in 'Technical Analysis' started by fxcbsar, Mar 19, 2010.

  1. fxcbsar

    fxcbsar New Member

    Dec 4, 2009
    Likes Received:
    Friday March 19 , 2010

    Previous session overview

    The euro dollar pair is consolidating between the 1.36300 levels and 1.36000 levels recording a high of 1.36267 and a low of 1.35984, having the union currency trading around 1.36160.

    Regarding the pound dollar pair, it is trading between a high of 1.52554 and a low of 1.51636, having the royal currency trading around 1.51800 levels.

    Finally, the dollar yen pair is trading between a high of 90.597 and a low of 90.337, and the pair is currently trading around 90.521.

    Market Expectations

    EUR/USD :The pair euro against the U.S. dollar achieved our expectations yesterday with high accuracy, we expect a further drop today aimed at the level of support 1.35650 and we expect a breakthrough for this level to head towards the goal 1.35200, these expectations requires constant trading below the level of 1.36500.


    GBP/USD : The pair sterling against the U.S. dollar achieved our expectations yesterday, touching the precise level of support at 1.52250, and completed the landing with the start of trading today to close a candle four hours below that level; we expect a further drop today aimed first at the level of 1.51000 and then 1.50650


    USD/JPY :WWe expect a bearish direction over an intraday basis, which will start with the breach of 90.000 and head towards 89.450 then 89.000. Keep an eye on 90.650, where the four hour candlestick closing above it will pave the way for a temporary ascend that targets 91.500 mainly.


    Senior Analyst / Ali Hasan /FXCBS


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


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