Please visit our sponsors

Rolclub does not endorse ads. Please see our disclaimer.
Results 1 to 2 of 2
  1. #1
    Senior Member
    Join Date
    Dec 2009
    Posts
    224
    Feedback Score
    0
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default Technical Analysis 14/10/2010 FXCBS

    Thursday October 14 , 2010

    Previous session overview


    The pair Euro against the U.S. dollar traded during the Asia session between the lowest level at 1.39543 and the highest level at 1.41021, the pair trading now around the level of 1.40877.

    Regarding to the pair Sterling against the U.S. dollar traded during the Asia session between the lowest level at 1.58871 and the highest level at 1.60449, the pair trading now around the level of 1.60390.

    Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 81.140 and the highest level at 81.841 , the pair trading now around the level of 81.153.

    Market Expectations

    EUR/USD : We expect a decline for the pair Euro against the U.S dollar today to the level of 1.40150 then to retest the main support level of 1.39250, determined indicators show strong saturation in the purchasing process which is showing through the four hours candlestick ,which is supports our expectations.

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

    GBP/USD : The pair Sterling against the U.S. dollar break through the support level at 1.59650 during the Asia session , which may lead the pair to rise to the level of 1.60950 then to the level of 1.61500.

    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 82.450 then 82.850, which require the daily closing above 81.000 to prevail.

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


    Newsletter

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


  2. Sponsored Links
  3. #2
    Senior Member
    Join Date
    Sep 2010
    Posts
    121
    Feedback Score
    0
    Thanks
    0
    Thanked 1 Time in 1 Post

    Default

    The dollar’s attempt to rise in a correctional move during the Asian session failed, so it wasn’t able to compensate any of the losses against its major counterparts, persisting at low levels against the yen and the euro. Expectations the Feds are on their way to buy government bonds is weakening the dollar even further and lower its chances to rise.
    The euro rose slightly against the dollar today, trading near its highest since January, as the pair recorded a high of 1.4048 and a low of 1.4007 and now it trades around 1.4007. The daily and four hours momentum indicators show the pair in an overbought area, however the pair persists to rise, ignoring those signs.
    The pound rose slightly against the dollar today, recording a high of 1.6023 and a low of 1.5980 and now it trades around 1.6013. the daily momentum indicators show the pair in an overbought area, yet the chances for another rise remain possible.
    With high volume the yen rose today against the dollar to its highest in 15 years. The pair recorded a low of 81.26 and a high of 81.61, and now it trades around 81.31. Momentum indicators show the pair in an overbought area, which could reverse the pair’s movement to the upside.

  4. Sponsored Links

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Share |