Thursday December 9 , 2010
Major Currencies Analysis
EUR/USD
The pair Euro against the U.S. dollar still walking between the main support level at 1.31900 and 1.33900, today we could see that the determined indicators show negative sign but we could see that the MA 50 still push the pair up so we still not have a clear direction, but we expect that the pair will return today to visit the support level at 1.31900.
http://www2.fxcbs.com/newsletter/images/EURUSD.gif
GBP/USD
We expect today a decline for the pair Sterling against the U.S Dollar to the level of 1.57080 then to the level 1.56600 , but these expectations require stability of trading below the level of 1.58900.
http://www2.fxcbs.com/newsletter/images/GBPUSD.gif
USD/JPY
The pair U.S. dollar against the Japanese Yen touched the pivotal resistance at 84.150, we expect that the pair will breakthrough this level and will rise more today to the level of 84.850 , determined indicators support our expectations but we need a stability of the trading above the level of 83.150.
http://www2.fxcbs.com/newsletter/images/USDJPY.gif
USD/CHF
we expect today that the pair U.S. dollar against the Swiss Franc will continuo its bearish intraday trend to the level 0.97430 , but we may see fluctuation around the level 0.98250 cause the Stochastic entered oversold areas
http://www2.fxcbs.com/newsletter/images/USDCHF.gif
AUD/USD
We expect a bullish intraday for the pair Australian dollar against the U.S. dollar to the level 0.99450 determined indicators supporting these expectations on the one hour candlestick and for hours candlestick , stability of the trading above the level of 0.97600 necessary to achieve these expectations .
http://www2.fxcbs.com/newsletter/images/AUDUSD.gif
USD/CAD
we expect today bearish intraday direction for the pair U.S. dollar against the Canadian dollar targeting 0.99300 Some fluctuation is expected around the MA and the retest areas before initiating the bearish move which requires areas of 1.0140 to remain intact. some text
http://www2.fxcbs.com/newsletter/images/USDCAD.gif
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