Latest forex analysis - page 47
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February gold fell $28, or 2.5%, to settle at $1,107.40 an ounce after falling to a low of $1,098 an ounce earlier in the session. The retreat came two weeks after gold settled at an all-time high of $1,218.30 an ounce.
Technical analysis 18/12/09 of FXCBS
This is technical daily and provided by specialists and analysts from the company FXCBS
Previous session overview
The euro against the dollar rose during the Asian session after significantly falling the previous day recording the highest at 1.44121 and the lowest at 1.43058. Now the pair is trading around 1.43831 levels.
The pound against the dollar also rose during the Asian session after significantly falling the previous day recording the highest at 1.62490 and the lowest at 1.61090. Now the pair is trading around 1.62087 levels.
The dollar against yen continued the previous day path at the beginning of the Asian session recording the highest at 90.281 and the lowest at 88.949 , now the pair is trading around 90.199.
Market Expectations
EUR/USD :
Euro against U.S dollar fell yesterday to touch the support point of 1.43050 , which shown a strong resistence level, we expect today a correction to the point 1.45000 , this expectation require stability trading above the support level 1.43050.
GBP/USD :
Stochastic appears saturated in sales for the sterling against the U.S. dollar, which could result in a correction to the level of 1.6325 these expectations require stability above the support level 1.6100.
USD/JPY :
We expect that the resistance point 90.750 stands strong barrier for the pair U.S. dollar against the Japanese yen, which may lead the pair to to the targets of 89.120 and then to the level 88.350 , these expectations requires a stability of trading below the level of 90.750.
USD/CAD :
we expect an overall bullish trend for today, where its main targets after breaching 1.07450, start at 1.08300. Keeping in mind, these expectations will remain intact if the breach of 1.06150 is not achieved.
Senior Analyst / Ali Hasan / FXCBS
Technical analysis 21/12/09 of FXCBS
This is technical daily and provided by specialists and analysts from FXCBS
Previous session overview
Dollar continues to show more strength against major currencies and that is reflected by the increased demand for the dollar, movement of the EUR against the U.S. dollar was weak during the Asian session the highest price was at 1.43585 and the lowest at 1.42995, now the pair is trading around 1.43079 levels.
The pound against the dollar also has weakened during the Asian session; the highest was at 1.61642 and the lowest at 1.61092, now the pair is trading around 1.61269 levels.
The dollar against yen was also weak at the Asian session, and achieved the highest at 90.658 and the lowest price at 90.241, now the pair is trading around 90.561 levels.
Market Expectations
EUR/USD :
We expect today that the pair Euro against U.S. dollar will attempt a correction to the level 1.44000, then fall to the level of 1.41000 and then to the main support point at 1.40250, the general trend this week is bearish , and this expectation require stability of trading below 1.45250.
GBP/USD :
Today we expect some fluctuation for the movement of the pair sterling against the U.S. dollar before continuing its decline to the level 1.6000 and then to the level 1.59450 this expectation requires stability of trading below the level 1.63250.
USD/JPY :
The dollar against the Japanese yen completed its correction to hit the resistance point of 91.250, stochastic indicator appears saturated in the procurement process which may lead the pair once again to touch 88.35 and that requires constant trading below 91.250.
USD/CAD :
Momentum indicators are negatively pressuring the pair to attempt to bearishly correction to try to gain enough bullish momentum to support the bullish short term direction expected for this week and targets mainly 1.0960 following 1.1135, while keeping in mind that the bullish direction will prevail if the daily close remains above 1.0485.
Senior Analyst / Ali Hasan / FXCBS
Technical analysis 22/12/09 of FXCBS
This is technical daily and provided by specialists and analysts from FXCBS
Previous session overview
The Dollar is trading around its highest levels in three months against Euro and other major currencies, EUR against the U.S. dollar was trade in a narrow range during the Asian session the highest price was at 1.43304 and the lowest at 1.42649, now the pair is trading around 1.43202 levels.
The pound against the dollar has weakened during the Asian session; the highest was at 1.61001 and the lowest at 1.60298, now the pair is trading around 1.60865 levels.
The dollar against yen was also weak at the Asian session, and achieved the highest at 91.482 and the lowest price at 90.999, now the pair is trading around 91.171 levels.
Market Expectations
EUR/USD :
The pair Euro against the U.S. dollar faces strong support at the point 1.42600, which may lead the pair to make vibrating movement for some time around that level, and then back again to breakthrough the mentioned support to reach the target 1.41250.
GBP/USD :
Stochastic determination shows a downward trend for the pair of sterling against the U.S. dollar, which makes us expect a decline for a couple starts with breakthrough main support point at 1.60050 and moving toward the goals 1.5945 and then 1.5832 this expectation requires constant trading below 1.61350.
USD/JPY :
We expect today that the pair U.S. dollar against the Japanese Yen will make a corrective movement to the support point 90.700 and then return to complete its bullish trend to the point 92.80 , this expectation require stability of trading above 90.700.
USD/CAD :
We expect a bullish direction over an intraday basis supported by 76.4% Fibonacci correction. The primary targets expected are around 1.07600. It is important to pay attention that chances of achieving this bullish trend will prevail if we do not witness a clear breach for 1.05455.
Senior Analyst / Ali Hasan / FXCBS
Technical analysis 23/12/09 of FXCBS
This is technical daily and provided by specialists and analysts from FXCBS
Previous session overview
The major currencies have been trading in a narrow range against the dollar during the Asian session, EUR against the U.S. dollar was traded in a narrow range during the Asian session recording a high of 1.42749 and a low of 1.42354, now the pair is trading around 1.42519 levels.
The pound against the U.S dollar was also trading in a narrow range during the Asian session; the highest was at 1.59777 and the lowest at 1.59375, now the pair is trading around 1.59427 levels.
The dollar against yen was also traded in a narrow range at the Asian session, and achieved the highest at 91.864 and the lowest price at 91.544, now the pair is trading around 91.779 levels.
Market Expectations
EUR/USD :
The pair Euro against the U.S. dollar continues its fluctuation around the resistance level at 1.42650, we expect today the pair will make small correction which should not cross the level of 1.4350. Then the pair continue the downward move towards the new targets at the levels of 1.41000 then to the level 1.40400.
GBP/USD :
We expect today that the pair Sterling against the U.S. dollar will decline again , after the pair achieved the goals that we have set yesterday at 1.59450, we expect today that this decline will take the pair to a new target at the level 1.58350, these expectations require stability of trading below 1.60050.
USD/JPY :
We expect today that the pair U.S. dollar against the Japanese Yen will make a correction to the support point 90.700 and then return to complete its bullish trend to the point 92.80 , these expectations require stability of trading above 90.700.
USD/CAD :
Positive signs that are coming from momentum indicators are making us hold onto our previous expectations, which points to a bullish direction over an intraday basis targeting mainly 1.07800 while being cautious from achieving a clear breach and stabilizing below 1.05450, will make the expected bullish scenario fail and reverse the direction to a bearish one.
Senior Analyst / Ali Hasan / FXCBS