|   FM Home  |   FM Forum  |   FM News  |   FM Blog  |  

Go Back   Finance & Money Forums > Finance > Investing

FAQ Members List Calendar Search Today's Posts Mark Forums Read

Investing General discussions on investing and investments: shares, bonds, commodities, forex, and funds.

Thread Tools
  #1 (permalink)  
Old 01-04-2010, 10:26 AM
Finance Market forums
Join Date: Dec 2009
Posts: 11
Default Technical analysis 4/01/10 of FXCBS

This is technical daily and provided by specialists and analysts from FXCBS

Monday January 4 , 2010

Previous session overview

The pair euro against the U.S dollar was trading in a narrow range, the highest was at 1.43369 and the low was recorded at 1.42570.

The pound traded in a narrow range against its American counterpart, the pair acheived the highest at 1.61511, the pair is trading now around the level 1.61315.

The dollar yen pair continued to gain yesterday as the dollar is attracting investors more than the Japanese yen in the last period. The pair reached close to the resistance level 93.410 where it is trading around today.

Market Expectations

The Pair euro against the U.S. dollar is heading down constantly and close to touching the support level at the point at 1.42570, we expect that the pair will break through this support to touch the level 1.42150 ,which we expect the pair make correction movement upwards from that level to the level of 61.8% at the point 1.47450.

We expect the Pair of sterling against the U.S. dollar will go down during the trading day To the main support level at 1.59700 then to the level 1.59200, but the stochastic indicator shown some saturation in the procurement process, so expect the prices to fluctuate around the level 1.60600 to get rid of this saturation.

The pair U.S dollar against the Japanese yen continues to rush to the top and close to the major resistance level at 93.410 , Stochastic shows some of saturation, which leads us to expect a decline in the price with a correction movement to the target 92.55 Before continuing the ascent again.

Senior Analyst / Ali Hasan / FXCBS

Forex ECN Broker|Currency Online Trading| Low Spread| Free Trading Software
Reply With Quote

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Technical analysis 31/12/09 of FXCBS fxcbsar Investing 0 12-31-2009 11:24 AM
Technical analysis 30/12/09 of FXCBS fxcbsar Investing 0 12-30-2009 11:45 AM
Technical analysis 24/12/09 of FXCBS fxcbsar Investing 0 12-24-2009 12:14 PM
Technical analysis 23/12/09 of FXCBS fxcbsar Investing 0 12-23-2009 09:39 AM
Technical analysis 22/12/09 of FXCBS fxcbsar Investing 0 12-22-2009 09:26 AM

All times are GMT +1. The time now is 04:23 AM.

Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

© 2005-2011 Finance Markets. All rights reserved  |  About  |  Disclaimer  |  Resources  |  XML Feed  |  Contact us

Content Relevant URLs by vBSEO 3.1.0