Major Currencies Analysis 27/01/2011 FXCBS

Thursday January 27 , 2011

Major Currencies Analysis

EUR/USD

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The pair Euro against the U.S. dollar still trade between the two level 1.37200 and the level 1.36450 , we should be careful today and monitor these tow level but we guess that the pair will rise up to achieve more higher goals , despite this we still advice to monitor the price level during the trading today .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.37170 1.37530 1.38130 1.36520 1.36400 1.36080 1.35480

GBP/USD

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We still expect more declining for the pair Sterling against the U.S. dollar during the trading today , determined indicators still given negative sign and the pair still trading below the level of 1.59100 these support our expectation about the pair Sterling against the U.S. dollar.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.58889 1.59620 1.60828 1.58610 1.57427 1.56696 1.55480

USD/JPY

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The pair U.S. dollar against the Japanese Yen give us a positive sign today through determined indicators and trading around the level MA 50 , these expectations lead us to expect a bullish intraday but we need a close four hours candlestick above the level of 83.100.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 82.440 82.630 82.941 82.290 82.060 81.874 81.563

USD/CHF

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The pair U.S. dollar against the Swiss Franc trading below the level of 0.94500 determined indicators still have some negative sign so we expect more declining today to the level of 0.93980 then to the level of 0.93520.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.94500 0.94890 0.95430 0.94490 0.93910 0.93580 0.93044

AUD/USD

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Determined indicators for the pair Australian dollar against the U.S. dollar showing positive sign which may lead the pair to raise up to the level 1.00450 as the first target but we need a closing for hours candlestick above the level of 0.99740.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 0.99170 0.99390 0.99740 0.98830 0.98800 0.98530 0.98180

USD/CAD

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Stochastic indicators for the pair U.S. dollar against the Canadian dollar still showing negative sign and the pair still trading below the level of MA 50 below the main resistance level at 1.00000 , these lead us to save our expectation that the pair will declining more during the trading today .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 0.99912 1.00166 1.00587 0.99606 0.99404 0.99150 0.98729

Newsletter - Major Currencies Analysis
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