Major Currencies Analysis 18/01/2011 FXCBS

Tuesday January 18 , 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 that the pair near from saturation in the purchasing process , but we can see that the pair now can stabile above the level MA50 these notes make us advice to monitor tow level first the resistance level at 1.34220 and the main support level at 1.31700.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.33170 1.33698 1.34326 1.33067 1.32555 1.32174 1.31546

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 but we can see also that the pair can stable above the level of MA50 which is support the pair to rise up, so we expect that the pair will return to retest the level of 1.59100 and make some fluctuate around it before it can continue its rising again, these expectations require stability above the level of 1.59100.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.59191 1.59518 1.60058 1.58919 1.58535 1.58208 1.57668

USD/JPY

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The pair U.S. dollar against the Japanese Yen could stabile below the level of 83.000 yesterday and could stable below the level of MA50 these make us expect more decline today to the new target at 81.450 first then 81.050.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 82.850 83.032 83.331 82.677 82.489 82.308 82.009

USD/CHF

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The pair U.S. dollar against the Swiss Franc penetrate the main support level at 0.96250 this penetration will open the way to more declining today to the level of 0.95170 first then to the level of 0.94840.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.96594 0.96733 0.96960 0.96491 0.96318 0.96179 0.95950

AUD/USD

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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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Determined indicators for the pair U.S. dollar against the Canadian dollar showing saturation in the purchasing process despite of that the pair declining but we expect that the level of 0.98170 will stop this declining for a while and we may see some fluctuate or some correction before it can attack this level again .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 0.98805 0.98929 0.99133 0.98751 0.98550 0.98433 0.98220

Major Currencies Analysis
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