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

Technical Analysis 8/07/2010 FXCBS

Discussion in 'Major Currency Crosses' started by fxcbsar, Jul 8, 2010.

  1. fxcbsar

    fxcbsar New Member

    Joined:
    Dec 4, 2009
    Messages:
    267
    Likes Received:
    0
    Thursday July 8 , 2010

    Previous session overview

    The pair Euro against the U.S. dollar traded during the Asian session between the lowest level at 1.26206 and the highest level at 1.26878, the pair is currently trading around the level of 1.26382.

    The pair Sterling against the U.S. dollar rose during the Asian session to achieve the highest level at 1.52408 and the lowest level was at 1.51710, the pair is currently trading around the level of 1.51819.

    Finally the pair U.S. dollar against the Japanese Yen traded during the Asian session between the lowest level at 87.654 and the highest level at 88.460 , the pair trading now around the level of 88.368.

    Market Expectations

    EUR/USD : etermined indicators show negative signs for the pair Euro against the U.S. dollar which may lead the pair to make a corrective movement to the level of 1.25800 before continues rising to the level of 1.27400 then to the level of 1.27800, stability of the trading above the level of 1.25800 necessary to achieve our expectations .

    [​IMG]

    GBP/USD : etermined indicators show negative sign for the pair Sterling against the U.S. dollar which may lead the pair to make corrective movement to get red from this negative sign, then attack the resistance level at 1.52400 to breakthrough it and go to the target of 1.53000, stability of the trading above the level of 1.50800 necessary to achieve these expectations .

    [​IMG]


    USD/JPY : Stability of the trading for the pair U.S. dollar against the Japanese Yen above the moving average 50 (MA 50 ) lead us to expect an uptrend for the pair to the level of 89.100 , if the pair can penetrate this level it can achieve more up target .


    [​IMG]

    Senior Analyst / Ali Hasan /FXCBS

    Newsletter

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

Share This Page