06/05/20 at 17:52:02  
  Welcome, Guest. Please Login or Register
 Algorithmic Trading Forum
 
 
  HomeHelpSearchLoginRegister  
 
  Algorithmic Trading Group Forum › Trading Strategies › General Discussions About Strategies › Technical Analysis 5/08/2010 FXCBS
(Moderators: Forum Administrator, Co0olCat) ‹ Previous topic | Next topic ›
Pages: 1
Send Topic Print
Technical Analysis 5/08/2010 FXCBS (Read 1893 times)
fxcbsar
Newbie
*
Offline

I like this forum!

Posts: 41
Technical Analysis 5/08/2010 FXCBS
08/05/10 at 14:32:07  
Thursday August 5 , 2010

Previous session overview

The pair Euro against the U.S. dollar traded during the Asia session between the highest level at 1.31744 and the lowest level at 1.31191, and the highest level at 1.31744, the pair trading now around the level of 1.31456.

Regarding to the pair Sterling against the U.S. dollar traded during the Asia session between the lowest level at 1.58204 and the highest level 1.59095, the pair trading now around the level of 1.58387.

Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 86.015 and the highest level at 86.442 , the pair trading now around the level of 86.309.

Market Expectations

EUR/USD : The level of 1.32450 was strong resistance lead the pair of Euro against the U.S. dollar to decline to the level 1.31260, we expect today more decline start after the pair can penetrate the level of 1.30850, determined indicators still show negative sign support our expectations.



GBP/USD : We expect today more decline for the pair Sterling against the U.S. dollar to the level of 1.56890, these decline needs tow things first stability of the trading below the level of 1.58920 and penetration for the level 1.58000.



USD/JPY : The pair U.S. dollar against the Japanese Yen makes an up corrective to the level 38.2% Fibonacci , today we expect a decline for the pair support by negative sign which show through stochastic indicators to the level of 85.230 .
 


[B][B][B][B]Senior Analyst / Ali Hasan /[url="http://www.fxcbs.com/"]FXCBS[/url]

[url="http://www.fxcbs.com/newsletter/daily.html"]Newsletter[/url]

[B][URL="http://www.fxcbs.com/"]Forex
Back to top
 
 
Newsletter
http://www.fxcbs.com/newsletter/daily.html

Forex ECN Broker | Currency Online Trading | Low Spread | Free Trading Software
http://www.fxcbs.com
  IP Logged
Pages: 1
Send Topic Print
‹ Previous topic | Next topic ›
  « Home ‹ Board

Algorithmic Trading Group Forum » Powered by YaBB 2.2.2!
YaBB © 2000-2008. All Rights Reserved.