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

Technical Analysis 24/11/2010 FXCBS

Discussion in 'Major Currency Crosses' started by fxcbsar, Nov 24, 2010.

  1. fxcbsar

    fxcbsar New Member

    Joined:
    Dec 4, 2009
    Messages:
    267
    Likes Received:
    0
    Wednesday November 24 , 2010

    Previous session overview


    The pair Euro against the U.S. dollar traded during the Asia session between the lowest level at 1.33590 and the highest level at 1.34184, the pair trading now around the level of 1.33843.

    Regarding to the pair Sterling against the U.S. dollar traded during the Asia session between the lowest level at 1.57637 and the highest level at 1.58368, the pair trading now around the level of 1.58228.

    Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 83.108 and the highest level at 83.357 , the pair trading now around the level of 83.137.

    Market Expectations

    EUR/USD : The pair Euro against the U.S. dollar breach critical support and specifically 1.34520, which has turned into resistance level now, the downside channel currently controls trading which may lead the pair to the target of 1.32500, but we could also see saturation in the selling process which may lead the pair to rise up to the level 1.35150, so we advice to take car during the trade today.

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


    GBP/USD : Momentum indicators for the pair Sterling against the U.S. dollar are currently giving positive sign which may lead the pair to make a correction movement to the level of 1.59310; these expectations require stability of the trading above the level 1.57600.

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


    USD/JPY :The 50 MA supports the pair U.S. dollar against Japanese Yen from below so we expect a bullish intraday direction targeting 84.200, stability of the trading above the level of 82.800 necessary to achieve these expectations.

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

    Newsletter

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

Share This Page