Major Currencies Analysis 14/01/2011 FXCBS

Friday January 14 , 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 big saturation in the purchasing process that may cause a down correction for the pair to the level of 1.31850 , this level very critical because if the pair can penetrate it that will lead the pair to the level of 1.30800 but if the pair can stable above it that will lead the pair to rise again to achieve new goals .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.34420 1.35251 1.36636 1.32785 1.32780 1.32015 1.30630

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 which may cause some fluctuate for the pair before continuo it’s raising to the level of 1.59600.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.58805 1.59260 1.60015 1.58121 1.57890 1.57442 1.56687

USD/JPY

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

Stability of the trading for the pair U.S. dollar against the Japanese Yen below the level of MA50 lead us to expect more declining today for the pair to the level 81.800 first then to the level of 81.050.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 82.976 83.144 83.420 82.833 82.640 82.473 82.196

USD/CHF

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

MA50 for the pair U.S. dollar against the Swiss Franc still make strong support for the pair , but we can say in general the pair will decline today and can penetrate this level to achieve the target of 0.95800 first then 0.95250.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.96880 0.97211 0.97897 0.96712 0.95960 0.95543 0.94857

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

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

Determined indicators for the pair U.S. dollar against the Canadian dollar may push the pair to make a correction movement to the level of 0.99250 before it can decline to achieve new goals.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 0.99062 0.99212 0.99460 0.98847 0.98762 0.98612 0.98364

Major Currencies Analysis
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