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Technical Analysis 26/10/2010 FXCBS

Discussion in 'Major Currency Crosses' started by fxcbsar, Oct 26, 2010.

  1. fxcbsar

    fxcbsar New Member

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    Tuesday October 26 , 2010

    Previous session overview

    The pair Euro against the U.S. dollar traded during the Asia session between the lowest level at 1.39079 and the highest level at 1.39820, the pair trading now around the level of 1.39456.

    Regarding to the pair Sterling against the U.S. dollar traded during the Asia session between the lowest level at 1.56905 and the highest level at 1.58027, the pair trading now around the level of 1.57673.

    Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 80.612 and the highest level at 81.206 , the pair trading now around the level of 81.041.

    Market Expectations

    EUR/USD : Stability of the trading for the pair Euro against the U.S. dollar below the resistance level 1.40800 and the saturation in the purchasing process which is showing through determined indicators lead us to expect a downside for the pair to the level of 1.37500 today .

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

    GBP/USD
    :The pair Sterling against the U.S. dollar was able to stabilize below pivotal support 1.58000 , so we expect a bearish intraday direction targeting 1.55500 , stability of the trading below the level of 1.58250 necessary to achieve these expectations .

    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 82.000 then 82.450, which require the daily closing above 81.000 to prevail.

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

    Newsletter

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