Major Currencies Analysis 17/01/2011 FXCBS

Monday January 17 , 2011

Major Currencies Analysis

EUR/USD

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

The pair Euro against the U.S. dollar couldn’t stability above the level 1.34200 last week, Determined indicators showing negative sign may lead the pair to decline to retest the level of 1.31800 today, we should be careful today and monitor the price around that level, if the pair can penetrate that level that mean the pair will back to the down side channel, but if it close a daily candlestick above it that may lead the pair to rise again to retest the level of 1.34200.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.34270 1.34660 1.35315 1.33863 1.33482 1.33089 1.32437

GBP/USD

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

The pair Sterling against the U.S. dollar could stabile above the level of 1.58000 last week, but we can see negative sign showing through determined indicators that may lead the pair to make some fluctuate to get red from this negative sign, before it can continuo its rising.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.58890 1.59110 1.59473 1.58549 1.58500 1.58230 1.57867

USD/JPY

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The pair U.S. dollar can close weekly candlestick below the level of 83.000 , but we can see positive sign may lead the pair to make some fluctuate around that level , then it will continuo it’s decline to the target of 82.000 then to the level of 81.450.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 83.035 83.215 83.512 82.776 82.677 82.497 82.200

USD/CHF

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We expect today a decline for the pair U.S. dollar against the Swiss Franc to the level of 0.95543 then to the level of 0.94857, these expectation require a clear penetration for the level of 0.96250 and a close four hours candlestick below that level.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.96568 0.96795 0.97169 0.96419 0.96114 0.95887 0.95513

AUD/USD

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

Determined indicators for the pair Australian dollar against the U.S dollar showing negative sign lead us to expect a decline for the pair to the level of 0.97476, these expectation require stability of the trading below the level of 0.99600.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 0.97476 0.98096 0.98473 0.99113 0.99220 0.99602 1.00222

USD/CAD

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The pair U.S. dollar against the Canadian dollar stable below the level of MA 50 and can stable below the level 1.0000 all of that lead us to expect more decline for the pair to the level of 0.97250 then to the level 0.96450.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 0.99300 0.99569 0.99981 0.99231 0.98817 0.98567 0.98155

Major Currencies Analysis
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