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Technical Analysis 26/03/2010 of FXCBS

Discussion in 'Technical Analysis' started by fxcbsar, Mar 26, 2010.

  1. fxcbsar

    fxcbsar New Member

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    Friday March 26 , 2010

    Previous session overview

    The euro dollar pair inclined slightly recording a high of 1.33581 and a low of 1.32670, having the union currency trading around 1.33544.

    Regarding the pound dollar pair, inclined slightly to record a high of 1.48928 and a low of 1.48044, while it is currently trading around 1.48267.

    Finally, the dollar yen pair is consolidating between a high of 92.772 and a low of 92.396, while the pair is currently fluctuating around 92.621.

    Market Expectations

    EUR/USD :Today we are waiting an up correction movement for the pair Euro against U.S. dollar; this is reflected through indicators determined, but the general trend for the pair still downward, which aims to correct the level of 76.4% Fibonacci at the level of 1.31000

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    GBP/USD :We expect today an up corrective movement for the pair sterling against U.S. dollar to get rid of saturation in the large sales but we still reserve our expectations, the general downward trend for the pair, Continued trading below 1.49350 confirms our expectations.

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    USD/JPY :We expect more bullish movement for the pair, there is a high saturation in the procurement process, this makes us maintain witnessing some bearish corrections; however, any bearish correction does not surpass 91.720.

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    Senior Analyst / Ali Hasan /FXCBS

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