This is Technical analysis daily and provided by specialists and analysts from FXCBS
Wednesday Jan 20, 2010
Previous session overview
The euro dollar pair declined sharply recording a low of 1.41661 and a high of 1.42949, having the 16 nation's currency trading around 1.41992.
The pound dollar pair, it declined as well recording a low of 1.62744 and a high of 1.63705, having the royal currency trading around 1.62778.
Finally, the dollar yen pair is consolidating between 91.359 and 90.881 recording a low of 90.880 and a high of 91.359, while the pair is currently trading around 90.912.
Market Expectations
EUR/USD :
Euro against U.S dollar fell sharply at the beginning of the trading today, after it breakthrough the support point 1.42900 and closed four hours candle below it, we expect today more decline for the pair to the first target at 1.40500 then to the level 1.39650, with the possibility of some volatility in price before this decline to get rid its saturation in selling process, which That emerge from the Stochastic.
GBP/USD :
The pair sterling against the U.S. dollar also fell with the start of trading, approaching the central support level 1.63100, we expect this day more landing to the first target at the level 1.61650 then to the level 1.60450 , taking into our account the positive signals emerge from the stochastic indicator.
USD/JPY :
The dollar versus yen managed to breach resistance for the descending short term channel, we see that the expected direction for today is a bullish correction, but followed by the overall bearish direction continuing. Not that if 90.500 is breach it will cancel out the possibility of an expected bullish correction.
Senior Analyst / Ali Hasan /FXCBS
Forex ECN Broker|Currency Online Trading| Low Spread| Free Trading Software
Please visit our sponsors
Results 1 to 1 of 1
-
20-01-2010, 09:59 AM #1
- Join Date
- Dec 2009
- Posts
- 224
- Feedback Score
- 0
- Thanks
- 0
- Thanked 0 Times in 0 Posts
Technical Analysis 20/01/10 of FXCBS
-
Sponsored Links
-
Sponsored Links
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
24 Hour Gold
Advertising
- Over 20.000 UNIQUE Daily!
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.