Thread: Major Currencies Analysis 23/12/2010 FXCBS

Thursday December 23 , 2010

Major Currencies Analysis

EUR/USD

http://www2.fxcbs.com/newsletter/images/EURUSD.gif

We expect today that the pair Euro against the U.S. dollar will make a correction movement to the level 1.31800 first then to the level 1.32550 , the level of 1.30770 contain a strong support for the pair so the pair need to get more determined to breakthrough this level also the determined indicators support our expectations .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.31280 1.31538 1.32003 1.31189 1.30688 1.30404 1.29939

GBP/USD

http://www2.fxcbs.com/newsletter/images/GBPUSD.gif

We expect today a correction movement for the pair Sterling against the U.S. dollar to the level 1.55000 then it may extend to the level of 1.55550, the support level 1.53850 was strong support in front of the pair , but we can still says that the general trend for the pair is bearish .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.54080 1.54553. 1.55174 1.54099 1.53418 1.53039 1.52418

USD/JPY

http://www2.fxcbs.com/newsletter/images/USDJPY.gif

The pair U.S. dollar against the Japanese Yen go down sharply yesterday , we expect this down side will continuo to the level 38.2% around the level 82.800 then if it can penetrate this level it may go down to 82.250.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 83.660 83.788 83.987 83.603 83.426 83.300 83.107

USD/CHF

http://www2.fxcbs.com/newsletter/images/USDCHF.gif

We may see today some fluctuation for the pair U.S. dollar against the Swiss Franc around the level of 0.95000 to get red from saturation which is seen through selling process on the determined indicators , then we expect the pair will continuo it’s falling down to the level 0.94500.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.95400 0.95651 0.96048 0.95364 0.94924 0.94681 0.94282

AUD/USD

http://www2.fxcbs.com/newsletter/images/AUDUSD.gif

We expect for the pair Australian dollar against the U.S. dollar will rise up to the level of 1.00550 then it will fall down in a correction movement, determined indicators supporting our expectation, we can see there is saturation in the purchasing process.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 1.00039 1.00205 1.00477 0.99827 0.99709 0.99543 0.99271

USD/CAD

http://www2.fxcbs.com/newsletter/images/USDCAD.gif

We may see some fluctuation around the level of 1.01150 for the pair U.S. dollar against Canadian dollar to get red from the saturation in the selling process then we expect that the pair will fall down to the level of 1.00660 then 1.00200.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 1.01475 1.01659 1.01961 1.01395 1.01107 1.00923 1.00621

Major Currencies Analysis
http://www2.fxcbs.com/newsletter/major-analysis.html

Forex is one of the most popular online earning market in the world. If anyone has some unique techniques he can earn a lot money through forex. But earning from the forex is not so easy. A trader needs to have a lot knowledge about forex market.

Without proper knowledge, trader can loss all his investment. To earn from the forex surely, there are so many brokers in the market who can assist the trader. They can be the guideline of the trader. I am also a regular trader. I always trade with TP Global FX. Most of the time they help me to make profit from my investment. They help me to minimize the risk of loss. So, Earning money from forex is an easy task if you can select a good broker.

choosing a broker must be able to pay close attention, this is needed and necessary so that traders can be better and can get more leverage in getting the security and trading comfort that is in line with expectations while on a real Tickmill account.

Forex is really profitable business in the world right now. It is a very wonderful platform for everyone to earn money from it. If you have proper knowledge about the forex market then you can easily earn money from the forex market. I trade with Forex4you. They are a very reliable broker. They help a lot especially when someone is a new trader. Their 24/7 support always makes me pleased. They are really very supportive and helpful. They provide many good features to traders.

The selection of a broker must be considered properly, this is done so that traders can be better and can be maximized in carrying out trading activities that are in line with expectations and can become a trader of the month with Tickmill.

A trader should pick a suitable broker to trade in the forex market. Without a suitable broker it is quite difficult to invest in the huge market. Broker can be the well wisher for any trader. But Broker has to be good. Wrong broker can create difficulties in trading. As a trader, I choose Tpglobalfx as my broker. It provides low spreads and high leverage. The trading strategy is quite easy.

choosing a broker must be able to pay attention to it properly, don't forget to be able to see the regulations used by the broker properly, this is needed and necessary so that traders can be maximized in carrying out trades according to expectations while on a real Tickmill account.