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Technical Analysis 4/11/2010 FXCBS

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Technical Analysis 4/11/2010 FXCBS

Postby fxcbsar » Thu Nov 04, 2010 10:40 am

Thursday November 4 , 2010

Previous session overview

The pair Euro against the U.S. dollar traded during the Asia session between the lowest level at 1.41020 and the highest level at 1.41456, the pair trading now around the level of 1.41293.

Regarding to the pair Sterling against the U.S. dollar traded during the Asia session between the lowest level at 1.60765 and the highest level at 1.61420, the pair trading now around the level of 1.61374.

Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 80.750 and the highest level at 81.220 , the pair trading now around the level of 80.841.

Market Expectations

EUR/USD : The pair Euro against the U.S dollar rise yesterday to the level 1.41900 affected by FMOC decision, we expect today that the pair will retest the level of 1.40400 before it back to rise again to the level 1.42500, stability of the trading above the level of 1.40400.

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

GBP/USD : We expect today for t he pair Sterling against the U.S. dollar un up trend to the level 1.62500 the MA 50 support our expectation , stability of the trading above the level of 1.60550 necessary to achieve these expectations .

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

USD/JPY : Stochastic indicators for the pair U.S dollar against the Japanese Yen is showing a bearish trend that we expect will breach support around 80.70 that will pave the way towards resuming the expected bearish intraday direction; targets start at 79.70. Not that it is vital that the daily interval is below 81.20 in order for chances of these expectations to prevail.

http://www.fxcbs.com/newsletter/images/USDJPY.gif

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