Technical analysis of FXCBS

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

[COLOR=Red]Previous session overview[/COLOR]

Euro against the U.S. dollar was traded in a narrow range during the Asian session recording a high of 1.43712 and a low of 1.43232, now the pair is trading around 1.43519 levels.

The Pound against the U.S dollar was also trading in a narrow range during the Asian session; the highest was at 1.60125 and the lowest at 1.59428, now the pair is trading around 1.59931 levels.

The dollar against yen was also traded in a narrow range at the Asian session, and achieved the highest level of 91.739 and the lowest price at 91.130, now the pair is trading around 91.242 levels.

[COLOR=Red]
Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD : [/COLOR]
the Euro against the U.S. dollar still traded within a narrow range since the beginning of the trading session for this day around the resistance level at 1.43650 and strives to break through this level, if the pair can break through this level that may lead the price to the level 1.44750, but we still keep our expectations that all the rise for the pair is just a correction movement.




[COLOR=SeaGreen]GBP/USD : [/COLOR]
Sterling against the U.S. dollar based on the support level, we expect today that the pair will make a correction up to the level 1.60850 before continuing its landing, the general trend still down side until this moment.



[COLOR=SeaGreen]USD/JPY :[/COLOR]
The U.S. dollar against the Japanese yen continues to be attempts to complete the correction which is expected to the level 90.700 but the price hits the support level at 91.300, Now we expect that the pair will break through that level to complete the correction, before he can go up to the new goals at the level 92.500



[COLOR=SeaGreen]USD/CAD :[/COLOR]
Positive signs that appear through momentum indicators make us expect some upside movement that will retest breach support at 1.05450 and then resume the bearish trend towards the mentioned main targets. Thus, we expect a bearish direction for today to remain intact if we do not witness trades stabilizing above 1.05700.




Senior Analyst / Ali Hasan / FXCBS

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


[COLOR=Red]Previous session overview[/COLOR]

In general, as a result of the Christmas Holiday and thin liquidity the pairs were trading in a narrow range during the Asian session.

The Euro against the US dollar within the Asian session has touched a high price of 1.43965 and low price at 1.43522.

The Sterling against the US dollar during the Asian market touched high price of 1.59944 and a low of 1.95315.

The US dollar against the JPY within the Asian session has touched a high at 91.770 and low at 91.406.

[COLOR=Red]
Market Expectations[/COLOR]
[COLOR=SeaGreen]
EUR/USD :[/COLOR]
The Volume is poor on the pair EUR/USD due to the Christmas holiday. And the market has opened on an upward direction, so we expect the pair to go down again to the levels of 1.4265 and then 1.4200 if the pair breaks the 1.4350 support level.



[COLOR=SeaGreen]GBP/USD :[/COLOR]
The sterling against the U.S. dollar approached to a strong support level of 1.5925, but it rebounded rapidly. We expect the pair to go back again to test this point and we expect the pair to fall this time to 1.5845.



[COLOR=SeaGreen]USD/JPY :[/COLOR]
The Yen against the U.S. dollar is trading for several days within a narrow range between the support level of 91.32 and resistance level of 91.77, the expectations for the pair is to keep moving between these two prices with the possibility for the pair to decline to 90.70 in the process of completing the correction movement.



Senior Analyst / Ali Hasan / FXCBS

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

The Euro against the US dollar traded in a narrow range durring the Asian session , the highest price at1.44280 and low price at 1.43539.

The Sterling against the US dollar raise during the Asian session to achieved the highest price at 1.60675and a low at 1.59953.

The US dollar against the JPY also traded in a narrow rang durring the Asian session has touched a high at 91.778 and low at 91.525.

[COLOR=Red]
Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD : [/COLOR]
EUR against the U.S. dollar still trading in a narrow rang between the support level at 1.4350 and the resistance level 1.44230 , we expect to continues this vibrating movement for few days before we can judge the direction for the pair.



[COLOR=SeaGreen]GBP/USD :[/COLOR]
Sterling against the U.S. dollar has made some slight rise and tries to approach the resistance level at 1.60850; the momentum is still weak, thereby keeping the pair traded fairly quiet for several days we must wait for few days before we can see the direction.



[COLOR=SeaGreen]USD/JPY : [/COLOR]
We still see that the expected direction for today is bullish; targeting main resistance levels at 92.50 as a primary target for the present bullish short term wave, before possibly reversing. Keep in mind that the breach of 90.75 could cancel out the need to touch main resistance and directly start a bearish trend.



Senior Analyst / Ali Hasan / FXCBS

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


Wednesday Dec 30, 2009
[COLOR=Red]
Previous session overview

[/COLOR] The euro dollar pair was in an attempt to rise against the dollar yesterday, but it failed to break the resistance level of 1.44580 from where it dropped back to the 1.43050 levels to close above that level.

The pound failed to gain against its American counterpart, as it stopped at the resistance level of 1.60440 from where it dropped to trade around 1.58890 levels today.

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 92.00 levels where it is trading around today.



[COLOR=Red]Market Expectations[/COLOR]
[COLOR=SeaGreen]
EUR/USD :[/COLOR]
EUR fell against the U.S. dollar to touch the main support point at 1.43050, we expect a further drop to the level of 1.42150, but after a little consolidation movement for the pair to get rid of the determination which appears through Stochastic, this expectation requires stability of trading below the level of 1.44250.



[COLOR=SeaGreen]GBP/USD :[/COLOR]
We expect today that the pair Sterling against U.S dollar will continue it’s drop to the level 1.57450, this expectation requires stability of trading below the level 1.59600, with the possibility of some of the fluctuation for the price movement before that drop.



[COLOR=SeaGreen]USD/JPY :[/COLOR]
The dollar continued its rising against the Japanese yen to the near key resistance at 92.400. Determined indicators show saturation in procurement which leads us to expect a downward trend to the level 91.620, and we must note that the penetration of the level 92.550 opens the way for an up trend



Senior Analyst / Ali Hasan / FXCBS

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


Thursday December 31 , 2009
[COLOR=Red]
Previous session overview[/COLOR]

The euro dollar pair was in an attempt to rise against the dollar yesterday, but it failed to break the resistance level of 1.44240 from where it dropped back to the 1.43970 levels .

The pound raise against its American counterpart, as it stopped at the resistance level of 1.61450 ,the pair trading now around the level 1.61343.

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 the resistance level 92.500 where it is trading around today.

[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD : [/COLOR]
Stochastic for the pair euro against the U.S. dollar appears saturated in the procurement process which leads us to expect a downward trend in real aims to the level 1.42150 and that expectation requires constant trading below 1.44620. The overall trend is still declining steadily towards to the 1.40850.


[COLOR=SeaGreen]
GBP/USD : [/COLOR]
Sterling rose against the U.S. dollar late yesterday in a correction movement to the level 61.8% Fibonacci, today we expect a downward trend for the pair to return to the targets 1.59500 and then 1.59000 to open the way for further decline.



[COLOR=SeaGreen]USD/JPY : [/COLOR]
The dollar against the Japanese yen touched the resistance level yesterday at 92.500 , Stochastic indicators show saturation in the procurement process , so expect downward trend to the target 92.000 then to the 91.500 , taking into account that the penetration for the resistance point at 92.500 negate these expectations.


[COLOR=SeaGreen]
USD/CAD :
[/COLOR]We might witness some volatility around the new support level in an attempt to gain upside momentum to support the bullish expectations for further upside moves over intraday basis which targets initially 1.06500 , the upside move requires the stability of 1.04450.



Senior Analyst / Ali Hasan / FXCBS

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

Monday January 4 , 2010

[COLOR=Red]Previous session overview[/COLOR]

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.



[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD :[/COLOR]
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.



[COLOR=SeaGreen]GBP/USD :[/COLOR]
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.



[COLOR=SeaGreen]USD/JPY :[/COLOR]
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

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Tuesday January 5 , 2010

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair is consolidating between 1.44840 and 1.44050 recording a high of 1.44841 and a low of 1.44050.

Regarding the pound dollar pair, it fell slightly to record a low of 1.60661 and a high of 1.61530, currently the pair is trading around 1.60780.

Finally, the dollar continued to drop against the Japanese yen recording a low of 91.620 and a high of 92.510, and the pair is currently trading around 91.800

[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD : [/COLOR]
The pair Euro against U.S dollar rise during the yesterday's session, today the pair start trading around the resistance point at 1.4462, Stochastic appears saturated in the procurement process which may lead the pair to recoil from that point in a corrective movement to the level 1.43750.




[COLOR=SeaGreen]GBP/USD : [/COLOR]
Sterling against the U.S. dollar Collide yesterday with the resistance point at 1.62400 , which lead the pair to comes back down to the support point at 1.60650 , Stochastic shows mixed signals on the pair which may lead to the pair to fluctuate in a range trend before making a definite trend for the day.



[COLOR=SeaGreen]USD/JPY : [/COLOR]
currently expectations are aimed at levels of 90.91 and requires constant trading below 92.55, stochastic show saturation in sales process , which may lead to the pair to do a corrective move before continuing its falling , Monitoring the closure of this day for the level of 90.91 is important for determining the fate of the new short-term trend.



[IMG]/newsletter/images/USDJPY.gif[/IMG]



Senior Analyst / Ali Hasan / FXCBS

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Wednesday January 6 , 2010
[COLOR=Red]
Previous session overview[/COLOR]

The euro dollar pair fell slightly recording a low of 1.43330 and a high of 1.43700 at the Asia session, having the euro currency trading around 1.43281. The pair couldn't breach the 1.44600 levels yesterday, and fell back to the 1.43450 levels.


Regarding the pound dollar pair, it breached the 1.60110 levels yesterday and currently the pair is trading around 1.60380, and the high was at 1.43704 and the low was at 1.42832.


Finally, the dollar rallied against the Japanese yen in today's Asian session to offset a sharp decline we witnessed yesterday, and the pair recorded a high of 92.246 and a low of 91.520.



[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD : [/COLOR]
Euro fell against the U.S dollar yesterday to the support level at 1.43450, we expect today that the pair will breakthrough these level to achieve further declines to the new target which is aimed at the point 1.42270, this expectation require stability of trading below the level 1.43450, and we reference to the presence of some saturation in the sales for the pair.




[COLOR=SeaGreen]GBP/USD : [/COLOR]
Sterling against the U.S. dollar fell yesterday sharply and now approaching the support level at the 1.59250 level of 76.4% Fibonacci, Stochastic appears saturated in sales, which make us expect a correction for the pair before continuing to decline towards to the level 1.57850.



[COLOR=SeaGreen]USD/JPY : [/COLOR]
The pair U.S dollar against the Japanese yen complete its corrective movement to the level 92.200, we expect now that the pair will return to continues the downside movement to the target level at 90.700, this expectation requires constant of trading below 92.200.



[COLOR=SeaGreen]USD/CAD : [/COLOR]
We see that the expected direction for today could be bearish, where its main targets reside at 1.03300 followed by 1.02700. Keep in mind that it is vital that 1.04550 remain intact so chances of achieving these expectations prevail, the general trend is to the downside as far as 1.18700.kjlkj



Senior Analyst / Ali Hasan / FXCBS

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This is Technical analysis daily and provided by specialists and analysts from FXCBS

Thursday January 7 , 2010

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair fell slightly to record a low of 1.43550 and a high of 1.44450, having the European Union currency trading around 1.43711.

As for the pound dollar the pair declined to record a low of 1.59311 and a high of 1.60573, having the royal currency trading around 1.59486. The pair rose yesterday after reaching the 1.59350 levels where it found a strong support.

Finally, the dollar gained slightly against the Japanese yen to record a high of 92.871 and a low of 92.105 and the pair is currently trading around 92.744.



[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD : [/COLOR]
We expect today to the pair euro against the U.S. dollar down another time to test the support level at 1.42650 and if the pair can breakthrough this support point the price will move towards to the 1.41970, stochastic indicator support these expectations and that requires consistency for trading below 1.44850.




[COLOR=SeaGreen]GBP/USD : [/COLOR]
Stochastic showing mixed signals, which may lead to fluctuating slightly before continuing to decline toward to the goals referred to earlier at 1.58900 and then further to the level 1.57800 , this expectation requires stable for trading below the resistance level at 1.60550.



[COLOR=SeaGreen]USD/JPY : [/COLOR]
Stochastic still shows signs of a negative downward spiral for a couple of the U.S. dollar against the yen, which leads us to expect that the trend of the pair still down and we expect to reach the level of 90.900 these expectations necessarily require a constant price below the level of 93.000 and to close four hours candle below this level.



Senior Analyst / Ali Hasan /FXCBS

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Friday January 8 , 2010

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair fell slightly to record a low of 1.42871 and a high of 1.43350, having the union currency trading around 1.43169.


Regarding the pound dollar pair, it is consolidating recording a high of 1.59891 and a low of 1.59149, having the royal currency trading around 1.59660.


Finally, the dollar yen pair is consolidating between 93.000 and 93.760, recording a high of 93.760 and a low of 93.132, and the pair is currently trading around 93.206.



[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD : [/COLOR]
The Pair euro against the U.S. dollar is close to touching the central support point at 1.42850 and which is very critical point and so great importance to determining the direction of the pair in the medium term, it shows through Stochastic some volatility for a price around these levels, waiting today important data which will be issued from the U.S. economy and that will affect a lot on the course of events..




[COLOR=SeaGreen]GBP/USD : [/COLOR]
Stochastic appears saturated in sales for the pair of sterling against the U.S. dollar, which may lead to rise for the pair , but standing in front of this rise sub-board resistance level at 1.60220 and if the price for the pair stable below that level our previous expectations to fall still constant.



[COLOR=SeaGreen]USD/JPY : [/COLOR]
The U.S. dollar against the Japanese yen rose yesterday to reach the goals that we have it at 93.500 Stochastic is showing saturation in the purchase for the pair, which makes us expect that the trend will be falling for today to the level 91.800 , these expectations require stability of trading below 93.500.



Senior Analyst / Ali Hasan /FXCBS

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Monday January 11 , 2010
[COLOR=Red]
Previous session overview[/COLOR]

The euro dollar pair inclined in today's Asian session to record a high of 1.45329 and a low of 1.44082, having the euro trading around 1.45159 levels.


As for the pound dollar pair, it gained in today's Asian session to record a high of 1.61368 and a low of 1.60437, having the pair trading around 1.61350.


Finally, the dollar yen pair is consolidating between 92.619 and 92.179 recording a low of 92.179 and a high of 92.619 having the pair trading around 92.289.


[COLOR=Red]Market Expectations[/COLOR]
[COLOR=SeaGreen]
EUR/USD : [/COLOR]
EUR rose against the U.S. dollar at the beginning of trading today to achieve a high of 1.45320 after it was able to acheive the support level 1.42650 and breakthrough resistance level at 1.44650. Indicators show saturation determination in the procurement process which may lead to land the pair a little to the resistance level which was broken before continuing the process of climbing to 1.46450.



[COLOR=SeaGreen]GBP/USD : [/COLOR]
Sterling rose against the U.S. dollar at the beginning of trading today to achieve a high of 1.61070 and we wait for a breakthrough the resistance level at 1.61100 and we expect an upward trend in real targets for a couple to the level 1.62450, but before that the pair will make vibrating movement at that level before it can rise.



[COLOR=SeaGreen]USD/JPY : [/COLOR]
We expect today down trend to the level 90.550 and then after achieve that level and breakthrough it the target will be at 90.000, and we must note that closing below 93.700 is important to keep its trend.



Senior Analyst / Ali Hasan / FXCBS

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Tuesday January 12 , 20

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair declined in today's Asian session after three days of gains, recording a high of 1.45214 and a low of 1.44532, having the union currency trading around 1.45107.

Regarding the pound dollar pair, it fell slightly to record a low of 1.60621 and a high of 1.61287, having the royal currency trading around 1.60959.


Finally, the dollar inclined against the Japanese yen recording a high of 92.414 and a low of 91.723, and the pair is currently trading around 91.915.

[COLOR=Red]
Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD : [/COLOR]
The Euro versus dollar returned within the ascending channel in an attempt for some bearish correction Stochastic is entering oversold areas; therefore keeping our previous expectations of achieving a possible bullish intraday direction that will build its base on 1.4435 and initially target 1.4565 and then 1.4675.



[COLOR=SeaGreen]GBP/USD : [/COLOR]
The last descend enabled the pair to get rid of the negative signs that appeared on the stochastic that neared showing a positive reversal sign that supports our previous expectations, as long as the expected bullish direction continues over an intraday basis targeting first the breach of pivotal resistance 1.6240 and then head towards 1.6360. It is vital that 1.6005 remain intact to maintain chances of achieving this awaited ascend.



[COLOR=SeaGreen]USD/JPY : [/COLOR]
The dollar versus yen was able to breach minor support, shown yesterday at 92.10 and is currently retesting this breach as it appears on the line chart above we still keep our expectations ( bearish direction for today) main targets are at 91.250 and then to the 90.000.



Senior Analyst / Ali Hasan /FXCBS

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Wednesday January 13 , 2010

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair is consolidating recording a low of 1.44562 and a high of 1.45150, having the 16 nation's currency trading around 1.44977.

Regarding the pound dollar pair, it inclined recording a high of 1.62253 and a low of 1.61360, having the royal pound trading around 1.62188.


Finally, the dollar fell against the Japanese yen to record a low of 90.902 and a high of 91.349, and the pair is currently trading around 91.259.

[COLOR=Red]
Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD : [/COLOR]
Euro against the U.S dollaris currently trading within a narrow range, but the technical indicators make us expect there is possibility for the pair to rise to the level 1.46450 and that will happen after the pair based on the support level 1.44550, stochastic showing negative signs, which may lead to the fluctuations for the price before continuing to a bearish target.



[COLOR=SeaGreen]GBP/USD : [/COLOR]
Sterling against the U.S. dollar surged yesterday on the upward movement to achieve a high of 1.62000, and we expect that the price will touch the resistance level at 1.62400 and then make a corrective movement to get rid of saturation in the procurement process, which shown through Stochastic.



[COLOR=SeaGreen]USD/JPY : [/COLOR]
We expect to witness a possible bearish direction for today; targets are mainly around 89.75, but chances of a minor bullish correction seem to be appearing since yesterday, which could impede through it the pair's testing the breach support 91.25



Senior Analyst / Ali Hasan /FXCBS

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Thursday January 14 , 2010

[COLOR=Red]Previous session overview[/COLOR]

The Euro dollar pair recorded a high of 1.45559 and a low of 1.44956, having the union currency trading around 1.45300.

The pound dollar pair recorded a low of 1.62629 and a high of 1.63091, having the royal currency trading around 1.62906. The pair is trading between the 1.62400 levels and 1.63550 levels.

Finally, the dollar yen pair inclined slightly to record a high of 91.927 and a low of 91.294, having the pair trading around 91.915.


[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD : [/COLOR]
We think that the expected bullish intraday direction could prevail, while we wait achieving the expected targets starting from 1.45700 and then 1.46450. Keep in mind the importance of the level 1.44550 remains intact to maintain chances of achieving these expectations.



[COLOR=SeaGreen]GBP/USD : [/COLOR]
The pair succeeded in breaching the pivotal resistance at 1.62400 to start the expected intraday downside move therefore, our expectations are intact according to the morning scenario which remains intact as far as 1.60600 is not breached.



[COLOR=SeaGreen]
USD/JPY : [/COLOR]
The dollar agaist the yen surpassed in its bullish correction the pivotal resistance at 91.250 yesterday's breached support, we wait the bearish direction over intraday basis that essentially requires trades to remain below 92.100.


Senior Analyst / Ali Hasan /FXCBS

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Monday Jan 18, 2010

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair is consolidating in today's Asian session, between 1.43935 levels and 1.43349 levels recording a high of 1.43935 and a low of 1.43349, while the pair is currently trading around 1.43880.

Regarding the pound dollar pair, it is trading between a low of 1.62491 and a high of 1.63392, having the royal pound trading around 1.63230.

Finally, the dollar yen pair is fluctuating between a low of 90.718 and a high of 91.059, and the pair is currently trading around 90.889.
[COLOR=SeaGreen]

[COLOR=Red]Market Expectations[/COLOR][/COLOR]

[COLOR=SeaGreen]EUR/USD : [/COLOR]
The resistance level 1.45600 showed very strong resistance for the pair Euro against U.S dollar last week; this strong resistance was pushing the pair to fall below the level 1.44000.The pair still trading above the support level 1.42650 and we note that the pair enters saturation level for the sales process, which leads us to expect a rise for the price during the trading this week.



[COLOR=SeaGreen]GBP/USD : [/COLOR]
The level 1.62400 very important to determine the direction for the pair Sterling against the U.S. dollar , we expect today some of the volatility for the pair and if the four-hours candle closed below the level 1.62400 the fall become certain for the pair to the level 1.60600.



[COLOR=SeaGreen]USD/JPY : [/COLOR]
Our expectations for the pair U.S. dollar against Japanese Yen is bullish during the short term direction heading towards 88.000. It is vital to pay attention to the positive signs that are appearing through the stochastic that might push for some bullish corrections. The bearish short term wave requires the daily close below 93.500.



Senior Analyst / Ali Hasan /FXCBS

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Tuesday Jan 19, 2010

[COLOR=Red]Previous session overview[/COLOR]

The green currency declined against the royal pound and the Japanese yen in today's Asian session, the euro dollar pair is consolidating between 1.44139 levels and 1.43783 levels, recording a high of 1.44139 and a low of 1.43788.

As for the pound dollar pair, it continued to rally recording a high of 1.64373 and a low of 1.63260, having the pair trading around 1.64197.

Finally, the dollar fell against the Japanese yen the pair recorded a low of 90.349 and a high of 90.775.



[COLOR=Red]Market Expectations[/COLOR]
[COLOR=DarkGreen]
EUR/USD : [/COLOR]
We expect a bullish intraday direction that initially targets 1.45650 and mainly requires 1.43200 to remain intact with four-hour closing. The general trend is upside to the 1.45650.



[COLOR=DarkGreen]GBP/USD : [/COLOR]
We expect a bullish direction for the remainder of trades today. It is vital that the four-hour closing holds above 1.6335 for the expected bullish move to prevail. The general trend for today is upside to 1.64780.



[COLOR=DarkGreen]USD/JPY : [/COLOR]
We expect a bearish intraday direction targeting mainly 89.750 and require 92.250 to remain intact. The general trend today is to the downside to 89.750.



Senior Analyst / Ali Hasan /FXCBS

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Wednesday Jan 20, 2010

[COLOR=Red]Previous session overview[/COLOR]

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.



[COLOR=Red]Market Expectations[/COLOR]

[COLOR=DarkGreen]EUR/USD : [/COLOR]
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.



[COLOR=DarkGreen]GBP/USD : [/COLOR]
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.


[COLOR=DarkGreen]
USD/JPY : [/COLOR]
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

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Thursday Jan 21, 2010

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair slipped today recording a low of 1.40666 and a high of 1.41367, having the 16 nations' currency trading around 1.40802. The euro traded at a five months low yesterday and today it is extending declines.

The pound dollar pair, it declined as well to record a low of 1.61840 and a high of 1.63111, and the pair is currently trading around 1.61860.

Finally, the dollar gained against the Japanese yen recording a high of 91.719 and a low of 91.184, and the federal currency is currently trading around 91.722.



[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD : [/COLOR]
The pair Euro against U.S dollar was approach to touching the support key at 1.40600 , which is very strong point , at this time Stochastic showing signs of saturation in selling process which may lead the pair to make correction to the level of 1.42450 before it continue declining to the level 1.38600.



[COLOR=SeaGreen]GBP/USD : [/COLOR]
The pair sterling against the U.S dollar breakthrough the main support point at 1.62400 after strong resistance above it , thus breakthrough opening the way for the pair to achieve a further drop to the level 1.60500 then to the 1.59450.



[COLOR=SeaGreen]USD/JPY : [/COLOR]
The dollar against yen succeeded in breaching pivotal resistance seen yesterday at 91.35 and head towards achieving the awaited bullish correction, we expect an overall bearish direction over an intraday building it base on 92.20 and head towards targets 91.20 and then 90.25. Keep in mind the importance of 93.05 to maintain chances of achieving these expectations.



Senior Analyst / Ali Hasan /FXCBS

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Friday Jan 22, 2010

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair inclined slightly recording a high of 1.41574 and a low of 1.40663, having the union currency trading around 1.41442.

The pound dollar pair, it is consolidating between 1.62800 and 1.61660 recording a low of 1.61667 and a high of 1.62844, while the pair is currently trading around 1.62762.

Finally, the dollar weakened against the Japanese yen recording a low of 89.781and a high of 90.540, and it is currently trading around 90.343.


[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD : [/COLOR]
The support level 1.40600 for the Euro against U.S dollar seamed a very strong stand, which lead the pair to increase in corrective movement, the positive signals which was shown through Stochastic helped the pair to raise, we expect today that this corrective will continuo to the level 1.42000, but we must note that if the pair penetration the mentioned support level our expectation will be deleted.



[COLOR=SeaGreen]GBP/USD : [/COLOR]
The pair sterling against the U.S. dollar rose to 1.62701 to gain enough determination to support the continuation of the landing, we expect today's downside trend for a couple to targeted levels of 1.60450, and this expectation needs to close four hours candle below 1.62850.



[COLOR=SeaGreen]USD/JPY : [/COLOR]
The dollar against yen built a base on 91.900 to start the awaited bearish wave yesterday, meanwhile, momentum indicators are showing oversold signs that are forcing the pair to fluctuate before resuming the expected bearish direction over an intraday basis. The primary target is around 87.750, keeping in mind that trades must remain intact below 90.921 to maintain chances of achieving the expected descend.



Senior Analyst / Ali Hasan /FXCBS

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Monday Jan 25, 2010

[COLOR=Red]Previous session overview
[/COLOR]
The euro dollar inclined slightly recording a high of 1.41733 and a low of 1.41334, having the 16 nations' currency trading around 1.41371.

Regarding the pound dollar pair, it is consolidating between 1.61488 and 1.60881 recording a high of 1.61366 and a low of 1.60881, and the royal pound it currently trading around 1.61377.

Finally, the dollar yen pair is currently consolidating around 90.097 recording a high of 90.331 and a low of 89.8140.

[COLOR=Red]
Market Expectations
[/COLOR] [COLOR=SeaGreen]
EUR/USD : [/COLOR]
Pair the euro against the U.S. dollar has fallen sharply over the last week, touching the levels of 1.40200; Stochastic appears saturated in sales, which may lead the pair to make a corrective movement to the level of 1.43000 before returning to continue its decline to the new goals at 1.38650.


[COLOR=SeaGreen]
GBP/USD : [/COLOR]
Pair sterling against the U.S. dollar has also dropped sharply during trading last week, achieving the lowest levels at 1.60770, we expect this decline will continuo this day toward the goal at 1.59250, and this expectation requires constant trading below 1.62400.



[COLOR=SeaGreen]USD/JPY : [/COLOR]
The dollar against the yen is still trading in a bearish channel, and we expect the downward will continue this day for a couple to the target levels of 88,350 initially and then 87,000, these expectations require stability of the daily closing below 92,000.



Senior Analyst / Ali Hasan /FXCBS

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Tuesday Jan 26, 2010
[COLOR=Red]
Previous session overview[/COLOR]

The euro dollar pair fell in the Asian session to record a low of 1.40718and a high of 1.41788, having the union currency trading around 1.41001.

As for the pound dollar pair, it declined slightly after yesterday's rally to record a low of 1.61914 and a high of 1.62676, having the royal currency trading around 1.62245.

Finally, the Japanese yen gained against the dollar to offset yesterday's drop and the pair recorded a low of 89.548 and a high of 90.547, while it is currently trading around 90.112.


[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD : [/COLOR]
EUR fell against the U.S. dollar and breaking the support level at 1.41400 and tried to approach the key of the support level at 1.40500, and we expect a breakthrough for this level and orientation towards the target 1.39500, but before this happens we may see some fluctuation of the price.


[COLOR=SeaGreen]
GBP/USD : [/COLOR]
Sterling against the U.S. dollar based on the resistance level at 1.62500, we can see negative signals through stochastic indicator which make us expect today a decline in the price to the level 1.60600.



[COLOR=SeaGreen]USD/JPY : [/COLOR]
The pair breached the secondary support nearing the initial target at 89.000 we expect a downside intraday move today targeting the support level at 88.800 which requires trading to remain below 90.600.



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Wednesday Jan 27, 2010
[COLOR=Red]
Previous session overview[/COLOR]

The euro dollar pair is consolidating between 1.40962 levels and 1.40402 levels, having the union currency trading around 1.40552.

Regarding the pound dollar pair, continued taking a downside today recording a low of 1.61086 and a high of 1.61600, while the royal currency is currently trading around 1.61418.

Finally, the Japanese yen continued to rally against its American counterpart, and the pair recorded a low of 89.136 and a high of 89.720, while it is currently trading around 89.389.
[COLOR=Red]
Market Expectations[/COLOR]
[COLOR=SeaGreen]
EUR/USD :[/COLOR]
The pair Euro against the U.S dollar still have negative pressure which push the pair to landing , but the support level at 1.40500 still also strong and have powerful from the positive signals which come through Stochastic indicator , the penetration of this level open the way for the pair to fall to the level 1.38450.



[COLOR=SeaGreen]GBP/USD : [/COLOR]
We expect today for the pair Sterling against the U.S down trend begins after breakthrough the support level at 1.60600 to the initially target 1.60000 then further to 1.59250 , steady trading below 1.62800 is a necessary condition to achieve this expectation.


[COLOR=SeaGreen]
USD/JPY : [/COLOR]
Stochastic appears saturated in sales, which may lead the pair to some volatility and small correction to the level 89.900 before continues its landing to the target level at 87.450.




Senior Analyst / Ali Hasan /FXCBS

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Monday 1,February , 2010

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair is consolidating between 1.39030 levels and 1.38521 levels recording a high of 1.38030 and a low of 1.38521. The pair is currently trading around 1.38788 the lowest level in about 7 months.

Regarding the pound dollar pair, it is fell slightly recording a low of 1.59181 and a high of 1.59779, having the royal currency trading around 1.59210.

Finally, the dollar yen pair is consolidating between a high of 90.460 and a low of 90.467, and the pair is currently trading around 90.452.
[COLOR=Red]

Market Expectations
[/COLOR]
[COLOR=SeaGreen]EUR/USD :[/COLOR]
The pair Euro against U.S dollar breakthrough the support point at 1.40500 at the trading last week to achieve the lowest at 1.38520 , we expect a new low this week aimed at 1.35250 , but we expect corrective movement for the pair before that happens , these expectations require stability of trading below 1.40500.



[COLOR=SeaGreen]GBP/USD : [/COLOR]
The pair Sterling against the U.S. Dollar was succeeded to breach the support level 1.6025 during the trade last week and achieved the lowest price at 1.5932; we expect a further drop for the pair during the trading this week aimed at the level 1.57000.



[COLOR=SeaGreen]USD/JPY :[/COLOR]
We expect the pair to succeed in breaching this level 89.250 and therefore opening the way to achieve a possible bearish short term direction for this week. We could witness some minor bullish correction before activating the expected bearish direction that mainly targets 86.90 and then 84.80. It is vital that 92.90 remain intact to maintain chances of achieving the predicted bearish direction.



Senior Analyst / Ali Hasan /FXCBS

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Tuesday February 2 , 2010

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair is consolidating between 1.39520 levels and 1.38850 levels recording a high of 1.39512 and a low of 1.38857. The pair is currently trading around 1.39258

Regarding the pound dollar pair, it is fluctuating between a high of 1.59732 and a low of 1.59027, having the royal currency trading around 1.59242.

Finally, the dollar is consolidating against the Japanese yen recording a high of 90.907 and a low of 90.467, and the pair is currently trading around 90.567.

[COLOR=Red]
Market Expectations
[/COLOR]
[COLOR=SeaGreen]EUR/USD :[/COLOR]
The Pair euro against the U.S. dollar, completed its corrective to the levels of 1.39500, and for now we expect that the pair back again to drop the target levels of 1.38000 and further to 1.37250, these expectations requires stability of trading below the level of 1.40250.



[COLOR=SeaGreen]GBP/USD :[/COLOR]
The pair sterling against the U.S. dollar is still being attempts to complete the corrective movement to the level 1.60000 back down again towards the achievement of new targets at 1.58000 and then 1.57250; this expectation requires constant trading below 1.60600.



[COLOR=SeaGreen]USD/JPY : [/COLOR]
Momentum indicators are showing negative signs that support our expectations of achieving the possible bearish intraday direction that requires the breach of 90.300 to pave the way towards 89.100 initially. It is vital that 90.100 remain intact to achieve the bearish trend.


Senior Analyst / Ali Hasan /FXCBS

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Wednesday February 3 , 2010
[COLOR=Red]
Previous session overview[/COLOR]

The euro dollar pair fell slightly in today's Asian session recording a low of 1.39465 and a high of 1.40257, having the 16 nations' currency trading around 1.40249.

Regarding the pound dollar pair, it is consolidating between 1.60690 levels and 1.59633 levels recording a high of 1.60374 and a low of 1.59630. The pair is currently trading around 1.60392 levels.

Finally, the dollar yen pair still trading around the 90.276 levels recording a low of 90.069and a high of 90.556.

[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD :[/COLOR]
The pair Euro against U.S. dollar managed to complete the corrective movement to the 38.2% Fibonacci at the level 1.39870, we expect today for the pair to return to land again to the level 1.38000 , we can see through stochastic indicator a signs of saturation in the procurement process for the pair .



[COLOR=SeaGreen]GBP/USD :[/COLOR]
The pair Sterling against the U.S. dollar rose to the level 1.60600, at this level the corrective movement completed as we see, Stochastic appears saturated in the procurement process which may lead the pair to return to test the support level previously broken at 1.59750.



[COLOR=SeaGreen]USD/JPY :[/COLOR]
The dollar versus yen is trading below resistance for the descending channel , we still keeps our pervious expectations of achieving a possible bearish intraday direction, where its main targets reside around 89.100, keeping in mind the importance of trading remaining below 91.100 so that the expected scenario may prevail.



Senior Analyst / Ali Hasan /FXCBS

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Thursday February 4 , 2010
[COLOR=Red]
Previous session overview[/COLOR]

The euro dollar pair is consolidating between a low of 1.38265 and a high of 1.39024, having the union currency trading around 1.384540.

Regarding the pound dollar pair, it fell slightly recording a low of 1.58236 and a high of 1.59170, having the royal currency trading around 1.58374.

Finally, the dollar yen pair is consolidating between a high of 91.071 and a low of 90.715, having the green currency trading around 90.793.

[COLOR=Red]
Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD :[/COLOR]
The pair euro against the U.S. dollar dropped to the level 1.38260 after it reach the resistance level at 1.40250 , , indicators are show saturation in sales, which may lead the pair to make some of the volatility before continuing the process of decline toward the goal 1.37250.



[COLOR=SeaGreen]GBP/USD :[/COLOR]
The pair sterling against the U.S. dollar has fallen to 1.58438, we expect a further drop today, but the pair must be get rid a saturation that appear on the Stochastic indicator before continuing the trip down to the level 1.56800.


[COLOR=SeaGreen]
USD/JPY :[/COLOR]
We await today a possible bearish intraday direction that insures the breach of pivotal support 90.800, thereby making the pair's achieving the primary targets easier around 89.100. Keep in mind the importance of trading remaining below 91.300 to insure that these expectations continue.



Senior Analyst / Ali Hasan /FXCBS

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Friday February 5 , 2010

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair still falling recording a low of 1.36471 and a high of 1.37458, having the union currency trading around 1.36710.

Regarding the pound dollar pair, it extended declines in the Asian session recording a low of 1.56533 and a high of 1.57751, having the royal currency trading around 1.56992.

Finally, the dollar gained slightly against the Japanese yen to record a low of 88.880 and a high of 89.769, and the pair is currently trading around 89.523.


[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD :[/COLOR]
The pair euro against U.S. dollar succeeded to achieve our goals which were mentioned yesterday on our report, stochastic appears saturated in sales process, which could lead to spouse corrective movement to the 38.2% Fibonacci level at the point 1.38100, but we must have attention to the economic data which will be issued today from USA economic.



[COLOR=SeaGreen]GBP/USD :[/COLOR]
Stochastic shows positive signs for a couple of sterling against the U.S. dollar, which could pay for a spouse corrective movement to the level of 1.5800 before continuing the journey down towards new goals at 1.55600 , which need a stable trading below 1.58500.



[COLOR=SeaGreen]USD/JPY :[/COLOR]
The dollar against yen succeeded in achieving the bearish scenario mentioned yesterday, we expect a bearish intraday direction, where its primary targets are around 87.350 and require mainly 90.550 to remain intact in the four hour closing below it.



Senior Analyst / Ali Hasan /FXCBS

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Monday February 8 , 2010
[COLOR=Red]
Previous session overview[/COLOR]

The euro dollar pair fell slightly recording a low of 1.36209 and a high of 1.36783, having the union currency trading around 1.36750.

Regarding the pound dollar pair, it declined in today's Asian session to record a low of 1.55349 that lowest since May 21and the highest was at the level 1.56214. The pair is currently trading around 1.55858.

Finally, the dollar yen pair is consolidating between a low of 89.141 and a high of 89.492, while the pair is trading around 89.422.

[COLOR=Red]Market Expectations[/COLOR]
[COLOR=SeaGreen]
EUR/USD :[/COLOR]
The pair Euro against U.S. dollar succeeded to achieved the objectives of the landing during the trade last week, determined indicators show a high saturation in the sales, which may lead the pair to make a corrective movement to the level 1.38550 and we should note that this new movement just corrective .


[COLOR=SeaGreen]
GBP/USD :[/COLOR]
The pair Sterling against the U.S. dollar fell sharply during the trade last week but it was collides with a key support at 1.55300, we can show a signs of positive reaction by stochastic which may lead to a corrective movement to the level of 1.58550.


[COLOR=SeaGreen]
USD/JPY :[/COLOR]
We expect to achieve more bearish short term direction in order for this pattern's targets, which are around 84.800, could prevail. It is vital that 90.300 remain intact to support the bearish direction whereas the bearish short term remains intact while trading below main resistance 92.500.



Senior Analyst / Ali Hasan /FXCBS

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Tuesday February 9 , 2010

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair inclined to record a high of 1.37437 and a low of 1.36427, having the union currency trading around 1.37238.

As for the pound dollar pair, it gained slightly recording a high of 1.56456 and a low of 1.55642, having the royal currency trading around 1.56160.

Finally, the dollar gained against the Japanese yen to record a high of 89.633 and a low of 89.157, and the pair is currently trading around 89.549.

[COLOR=Red]Market Expectations[/COLOR]
[COLOR=SeaGreen]
EUR/USD :[/COLOR]
The pair Euro against U.S. dollar making a corrective movement which may achieve the level of 1.38500, we expect an upward trend today for the pair to that level, this expectation require constant of trading above the level 1.36400.



[COLOR=SeaGreen]GBP/USD : [/COLOR]
the pair Sterling against U.S. dollar is making a corrective movement and we are waiting for breakthrough the resistance level at 1.56660 to open the road in front of the pair to complete its corrective to the level of 1.57700, this expectation require constant of trading above the level of 1.55500.



[COLOR=SeaGreen]USD/JPY :[/COLOR]
We wait for today a bearish intraday direction; targeting 88.450 then 87.750. A break of 89.090 will help the bearish trend gain speed to the level 88.450.



Senior Analyst / Ali Hasan /FXCBS

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Wednesday February 10 , 2010
[COLOR=Red]
Previous session overview[/COLOR]

The euro dollar pair declined recording a low of 1.37337 and a high of 1.38067, having the union currency trading around 1.37732.

As for the pound dollar pair, it fell in the Asian session to record a low of 1.56588 and a high of 1.57242, having the royal currency trading around 1.56812.

Finally, the dollar declined against the Japanese yen after gaining yesterday and the pair recorded a low of 89.530 and a high of 90.010, while it is currently trading around 89.704.

[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD :[/COLOR]
The Euro against U.S. dollar succeeded yesterday to complete its correction movement to 38.2% Fibonacci near the level 1.38500, we expect today volatility for the price to get rid of the negative sign that shows through stochastic indicator before return to rise again to achieve the corrective level of 61.8% Fibonacci .


[COLOR=SeaGreen]
GBP/USD : [/COLOR]
The pair Sterling against U.S. dollar collided yesterday with the level 38.2% Fibonacci at the price 1.57450 , we expect today some volatility for the price before determining its trend, that is because of the important economic data which we are waiting today from the United Kingdom economic .


[COLOR=SeaGreen]
USD/JPY :
[/COLOR]Momentum indicators show negative signs that make us maintain the previously expected bearish direction, where we await the breach of 89.570 and the 87.700. It is vital that trading remain below 90.300 so these expectations may prevail.



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Thursday February 11 , 2010

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair declined recording a low of 1.37337 and a high of 1.38067, having the union currency trading around 1.37732.

Regarding the pound dollar pair, it inclined to record a high of 1.56601 and a low of 1.55867, having the royal pound trading around 1.56062.

Finally, the dollar yen pair is trading between a high of 90.135 and a low of 89.816, and the pair is currently trading around 89.961.


[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD :[/COLOR]
Stochastic as to several indicators showing positive signs for the pair the euro against the U.S. dollar, which makes us expect an upward trend of trading today are aimed at the level of 1.39000, and this expectation requires constant of trading above the level 1.37250.



[COLOR=SeaGreen]GBP/USD : [/COLOR]
Sterling against the U.S. dollar has not been able to penetrate the level of support yesterday under the influence of positive signals that have emerged through the determined indicators we expect on an upward trend today to the targets level at 1.58500.



[COLOR=SeaGreen]USD/JPY :[/COLOR]
We expect today a bearish intraday direction which requires first the breach of 89.550 then paving the way towards the first target around 88.500. It is vital that 91.320 remain intact so these expectations may prevail.



Senior Analyst / Ali Hasan /FXCBS

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Monday February 15 , 2010

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair recorded a low of 1.35788 and a high of 1.36304, having the union currency trading around 1.36121.

Regarding the pound dollar pair, it recorded a low of 1.56119 and a high of 1.56800, having the royal currency trading around 1.56573.

Finally, the dollar yen pair it is consolidating between 90.230 levels and 89.970 levels, recording a high of 90.227 and a low of 89.977.

[COLOR=Red]Market Expectations[/COLOR]
[COLOR=SeaGreen]
EUR/USD :[/COLOR]
Determined Indicators support our expectations for a rise to the pair Euro against the U.S. dollar and we expect to complete a corrective movement that began last week to reach the level of 1.38500 this expectation requires constant trading above the level of 1.35250.

[COLOR=SeaGreen]

GBP/USD : [/COLOR]
Determined indicators showing positive signs of reaction for the pair sterling against the U.S. dollar supported the possibility of a corrective movement for the pair , beginning hacked resistance level at 1.57650 which is meets with the level of 23.2% Fibonacci, and we expect the pair to touch the level of 1.59250.



[COLOR=SeaGreen]USD/JPY :[/COLOR]
Determined indicators showing positive signs of reaction for a couple of sterling against the U.S. dollar supported the possibility of a corrective movement for a couple, beginning hacked resistance level at 1.57650 which is meets with the level of 23.2% Fibonacci, and we expect to reach this patch to touch the level of 1.59250.



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Tuesday February 16 , 2010

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair inclined to record a high of 1.36822 and a low of 1.35878, having the union currency trading around 1.36709.

Regarding the pound dollar pair recorded a high of 1.57289 and a low of 1.56536, having the royal pound trading around 1.57169.

Finally, the dollar, declined against its Japanese counterpart recording a low of 89.706 and a high of 90.073, and the pair is currently trading around 89.906.

[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD :[/COLOR]
We expect an upward trend today for a couple of the euro against the U.S. dollar ,and starts after breakthrough the level of 1.36920 the aim at the level of 1.38000, this expectation requires stability of trading above 1.35500.




[COLOR=SeaGreen]GBP/USD :[/COLOR]
The levels of 1.57650 is still a strong resistance to the rise for the pair sterling against the U.S. dollar, and we expect today that the pair once again trying to break this level and we expect that up to levels of 1.58650 and further, to 1.59000.



[COLOR=SeaGreen]USD/JPY :[/COLOR]
Today we expect a downward trend and the expected goals located at 88.890 followed by 88.230, with the need to close the four hours candle below a 90.450 to ensure these expectations.



Senior Analyst / Ali Hasan /FXCBS

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Wednesday February 17 , 2010

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair is consolidating between the 1.37820 levels and 1.37370 levels recording a high of 1.37815 and a low of 1.37378, having the union currency trading around 1.37457.

Regarding the pound dollar pair, it is fluctuating between a high of 1.57921 and a low of 1.57596, having the royal currency trading around 1.57711.

Finally, the dollar yen pair is trading between a high of 90.370and a low of 90.125, and the pair is currently trading around 90.218.

[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD :[/COLOR]
We expect an upward trend today for a couple of the euro against the U.S. dollar ,and starts after breakthrough the level of 1.36920 the aim at the level of 1.38000, this expectation requires stability of trading above 1.35500.



[COLOR=SeaGreen]GBP/USD :[/COLOR]
The levels of 1.57650 is still a strong resistance to the rise for the pair sterling against the U.S. dollar, and we expect today that the pair once again trying to break this level and we expect that up to levels of 1.58650 and further, to 1.59000.




[COLOR=SeaGreen]USD/JPY :[/COLOR]
Today we expect a downward trend and the expected goals located at 88.890 followed by 88.230, with the need to close the four hours candle below a 90.450 to ensure these expectations.



Senior Analyst / Ali Hasan /FXCBS

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Thursday February 18 , 2010

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair declined to record a low of 1.35394 and a high of 1.36128, having the union currency trading around 1.35480.

As for the pound dollar pair, it fell slightly to record a low of 1.56171 and a high of 1.56876, having the royal currency trading around 1.56220.

Finally, the dollar yen pair is consolidating between a high of 91.15 and a low of 90.87, and the pair is currently trading around 90.95.
[COLOR=Red]
Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD :[/COLOR]
The pair Euro against the U.S. dollar fell sharply yesterday and close to the support level at 1.35300, we expect today some of the corrective movement to the pair because of saturation in sales emerge from the technical indicators, but the overall trend remains downward for the pair, and that require of steady the price below 1.36650.



GBP/USD :
The pair sterling against U.S dollar recoiled yesterday after touching the resistance point at 1.58100 which prompting the pair to decline , we are expecting today to move closer to the support level again and test it , we are keeping our expectations as it was , this expectation require stability of trading below 1.57650.



[COLOR=SeaGreen]USD/JPY :[/COLOR]
Our previous expectations of an intraday bearish direction is still intact; first target is at support for the ascending channel 90.100 then attempting to breach it and head towards levels around 89.250. The breach of the mentioned top and remaining intact above will weaken chances of achieving these expectations.



Senior Analyst / Ali Hasan /FXCBS

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Friday February 19 , 2010
[COLOR=Red]
Previous session overview[/COLOR]

The euro dollar pair declined recording the lowest since May 18. The pair recorded a low of 1.34552 and it is trading around 1.35060.

The pound dollar pair declined as well to reach the lowest since May 19 recording a low of 1.53709, and it is currently trading around 1.53999.

Finally, the dollar yen pair is fluctuating between a high of 92.000 and a low of 91.670, while the pair is currently trading around 91.810.


[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD : [/COLOR]
The pair euro against the U.S. dollar penetrating the support level which was mentioned yesterday at 1.35300, which led to a sharp decline for the pair, we expect a small correction today for the pair to test the support level at 1.35300 to get rid of the resolved through Stochastic before continuing the process of landing.



[COLOR=SeaGreen]GBP/USD :[/COLOR]
Sterling fell against the U.S. dollar yesterday, to achieve the minimum 1.53450, and we expect a further drop today, and new targets for a couple at 1.52250, and this expectation requires constant of trading below the level of 1.54670.



[COLOR=SeaGreen]USD/JPY :[/COLOR]
There are bearish reversal signs that are appearing through the candles that point to the start of a bearish intraday wave supported by negative signs near to appearing on the stochastic, where the pair headed towards expectations towards levels 91.25 then 90.350.



Senior Analyst / Ali Hasan /FXCBS

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Monday February 22 , 2010
[COLOR=Red]
Previous session overview[/COLOR]

The euro dollar pair is trading between the 1.36540 levels and the 1.36000 levels recording a high of 1.36534 and a low of 1.36007. The pair is trading around 1.36299.

Regarding the pound dollar pair, it is consolidating between a high of 1.54956 and a low of 1.54297, having the royal currency trading around 1.54688.

Finally, the dollar yen pair is trading between the high of 91.903 and the low of 91.498, having the pair trading around 91.598.

[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD : [/COLOR]
We expect an upward trend for a couple of the euro against the U.S. dollar for the day, Stochastic appears saturated in sales and the closure last Friday above the level of 1.35000 supports the achievement of an upward trend aimed at 1.37250.



[COLOR=SeaGreen]GBP/USD : [/COLOR]
determined Indicators for a couple of sterling against the U.S. dollar appears saturated in sales, which make us expect an upward trend today amid at 1.5650, and requires constant trading above the level of 1.54500


[COLOR=SeaGreen]
USD/JPY : [/COLOR]
We expect bearish short term for today, and the target is around 90.500 followed by the more vital 88.650, where the breach of it will pave the way for more bearish movement towards targets below 85.550.



Senior Analyst / Ali Hasan /FXCBS
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Tuesday February 23 , 2010
[COLOR=Red]
Previous session overview[/COLOR]

The euro dollar pair rose slightly recording a high of 1.36784 and a low of 1.35886, having the 16 nation's currency trading around 1.36669.

As for the pound dollar pair, it inclined in the Asian session for the second straight day recording a high of 1.55749 and a low of 1.54751, having the royal currency trading around 1.55578.

Finally, the American dollar continued to weaken against the Japanese yen, and the pair recorded a low of 90.851 and a high of 91.289, it is currently trading around 90.901.

[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD :[/COLOR]
Today we expect an upward trend for the pair euro against the U.S. dollar to the target level of 1.37850, the determined indicators supports our expectations which shows positive signs, to achieve this expectations we need a stable of trading above the level of 1.35850.



[COLOR=SeaGreen]GBP/USD :[/COLOR]
The pair sterling against the U.S dollar is to break through the resistance level at 1.55550 ,we must wait for the four hours candle to close above this level to confirm the completion of the rise for the pair towards to the level of 1.57650.



[COLOR=SeaGreen]USD/JPY : [/COLOR]
The pair continued its gradual descend we expect a bearish intraday direction that primary targets are at 89.450 then 88.980. The bearish technical pattern will be completed when main support is breached and then require trading to remain below 91.300 to maintain chances of achieving its targets.




Senior Analyst / Ali Hasan /FXCBS

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Wednesday February 24 , 2010

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair recorded a high of 1.35509 and a low of 1.35018, having the union currency trading around 1.35320.

The pound dollar pair consolidated in the Asian session, the pair recorded a high of 1.54640 and a low of 1.54178.

The dollar yen pair recorded a low of 90.092 and a high of 90.355, while the pair is currently trading around 90.229.


[COLOR=Red]Market Expectations[/COLOR]
[COLOR=SeaGreen]
EUR/USD :[/COLOR]
We expect today a decline for the pair Euro against U.S dollar to achieve anew target at the level 1.33800, this decline will start after breakthrough the support level at 1.34840 , and these expectations require stability of trading below 1.35850.


[COLOR=SeaGreen]
GBP/USD : [/COLOR]
The pair Sterling against U.S dollar still fluctuates near the resistance level at 1.54450; we must wait closing for the four hours candle below this level to say that the pair will decline to achieve new goals at 1.53120 and 1.52000.



USD/JPY :
we expect a bearish intraday trend; targeting 89.500 then 88.920. Keep in mind that the breach of 90.650 weakens the expected bearish direction.



Senior Analyst / Ali Hasan /FXCBS

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Thursday February 25 , 2010

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair decline slightly recording a low of 1.34509 and a high of 1.35479, having the 16 nation's currency trading around 1.34646.

As for the pound dollar pair, decline too in the Asian session for the second straight day recording a low of 1.53220 and a high of 1.542151, having the royal currency trading around 1.53277.

Finally, the American dollar continued to weaken against the Japanese yen, and the pair recorded a low of 89.401 and a high of 90.317, it is currently trading around 89.439.


[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD :[/COLOR]
The pair Euro against U.S dollar closed yesterday below the resistance level at 1.35750prompting the pair to decline, we expect a further drop today aimed at the level of 1.33250 with the need for attention to the possibility of a corrective movement to the level 1.35200.



[COLOR=SeaGreen]GBP/USD : [/COLOR]
Stable of trading below the resistance level at 1.54450 for a couple of sterling against the U.S. dollar yesterday brought the pair to land ,and we expect a further drop today aimed at areas 1.52000, with the possibility to re-test the resistance level broken 1.53930.




[COLOR=SeaGreen]USD/JPY : [/COLOR]
We expect a bearish intraday trend; targeting 88.150 then 87.700. Keep in mind that the breach of 90.650 weakens the expected bearish direction.




Senior Analyst / Ali Hasan /FXCBS

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