Major Currencies Analysis 12/01/2011 FXCBS

Wednesday January 12 , 2011

Major Currencies Analysis

EUR/USD

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

Stochastic indicators showing negative sign for the pair Euro against the U.S. dollar in addition to the stability of the trading below the level MA50, these lead us to expect a decline for the pair to the level of 1.29300 first then 1.28740, and these expectations require stability of the trading below the level of 1.30800.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.29983 1.30226 1.30628 1.29571 1.29550 1.29254 1.288520

GBP/USD

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

Saturation in the purchasing process lead us to expect that the pair Sterling against the U. S. dollar will make a small fluctuate before continue its rising , yesterday the pair can penetrate the main resistance level at 1.56200 these penetration give the pair a determined to rise up .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.56322 1.56672 1.57252 1.55831 1.55622 1.55272 1.54692

USD/JPY

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Determined indicators for the pair U.S. dollar against the Japanese Yen showing negative sign , these lead us to expect a bearish direction today for the pair to the level of 82.620 first then to the level of 82.000.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 83.461 83.685 84.055 83.137 83.015 82.791 82.421

USD/CHF

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Determined indicators for the pair U.S. dollar against the Swiss Franc showing negative sign today so we expect a decline for the pair to the level of 0.96350, these expectations require stability of the trading below the level of 0.98000.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.97701 0.98042 0.98610 0.97269 0.97019 0.96678 0.96110

AUD/USD

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

Determined indicators showing saturation in the purchasing process for the pair Australian dollar against the U.S. dollar and the price still trading below the level MA 50 these lead us to expect a decline for the pair today to the level of 0.98330 then 0.97960.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 0.99080 0.99451 1.00065 0.98820 0.98338 0.97967 0.97353

USD/CAD

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Determined indicators for the pair U.S. dollar against the Canadian dollar showing a saturation in the selling process which may lead the pair for some fluctuate before it can continue its declining to the level 0.98150.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 0.99170 0.99369 0.99631 0.99158 0.98892 0.98733 0.98471

Major Currencies Analysis
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