Major Currencies Analysis 11/01/2011 FXCBS

Tuesday January 11 , 2011

Major Currencies Analysis

EUR/USD

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

Determined indicators for the pair Euro against the U.S. dollar showing saturation in the purchasing process which is clear through the four hours candlestick, so we expect today a decline for the pair to the level of 1.28800 then to the level of 1.28000, these expectations require stability of the trading below the level of 1.29800.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.29390 1.29760 1.30280 1.29450 1.28800 1.28480 1.27960

GBP/USD

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

Determined indicators for the pair Sterling against the U.S. dollar showing saturation in the purchasing process so we expect a decline for the pair to the level 1.54450, this expectation require stability of the trading below the level of 1.56250.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.56060 1.56540. 1.57340 1.55130 1.55100 1.54620 1.53820

USD/JPY

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We still expect that the pair of U.S. dollar against the Japanese Yen will decline to the target of 82.000, but we may see some fluctuation around the level of 83.000 before it will decline.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 83.658 84.069 84.766 82.835 82.800 82.425 81.728

USD/CHF

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The pair U.S. dollar against the Swiss Franc could stabile yesterday above the level of MA50 this level support the pair to rise up so we expect today a rising for the pair to the level of 0.97800 then 0.98250 , these expectations require stability of the trading above the level of MA50.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 096950 0.97210 097650 0.96510 0.96500 0.96170 0.95730

AUD/USD

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Determined indicators for the pair Australian dollar against the U.S. dollar showing positive sign that may push the pair to rise up today to the level of 0.99660 then 1.00101.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 1.00367 1.00585 1.01110 1.00101 0.99631 0.99313 0.98788

USD/CAD

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The pair U.S. dollar against the Canadian dollar still trading below the level of 1.00000, we can see a positive sign coming from determined indicators it may push the pair to retest that level before it can decline .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 0.99960 1.00050 1.00456 0.99707 0.99309 0.99062 0.98656

Major Currencies Analysis
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