Major Currencies Analysis 13/01/2011 FXCBS

[fxcbsar]

Thursday January 13 , 2011

Major Currencies Analysis

EUR/USD

http://www2.fxcbs.com/newsletter/images/EURUSD.gif

The pair rise up yesterday to penetrate the level of 1.30800and achieving the highest level at 1.31367, determined indicators showing saturation in the purchasing process which is clear through the four hours candlestick so we expect today that the pair will decline to the level of 1.30550 then to the level of 1.30220, these expectation require stability of the trading below the level of 1.31600.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.31840 1.32354 1.33203 1.30804 1.30800 1.30336 1.29487

GBP/USD

http://www2.fxcbs.com/newsletter/images/GBPUSD.gif

Negative sign showing through determined indicators for the pair Sterling against the U.S. dollar which will help the pair to make a small correction before it can continuo its rising; today we should be careful because we are waiting the official Bed Rate form the UK.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.58227 1.58768 1.59677 1.57107 1.57100 1.56604 1.55695

USD/JPY

http://www2.fxcbs.com/newsletter/images/USDJPY.gif

Stability of the trading for the U.S. dollar against the Japanese Yen below the level of 83.250 and the determined indicators lead us to expect a decline for the pair to the level of 82.600 first then to the level of 82.000.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 83.171 83.350 83.640 83.087 82.813 82.630 82.340

USD/CHF

http://www2.fxcbs.com/newsletter/images/USDCHF.gif

Today we expect more declining for the pair U.S. dollar against the Swiss Franc to the level of 0.96300, if the pair can penetrate this level we may see more declining to the target of 0.95730.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.96990 0.97160 0.97586 0.96936 0.96379 0.96118 0.95692

AUD/USD

http://www2.fxcbs.com/newsletter/images/AUDUSD.gif

Determined indicators showing saturation in the purchasing process for the pair Australian dollar against the U.S. dollar and the price still trading below the level MA 50 these lead us to expect a decline for the pair today to the level of 0.98330 then 0.97960.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 0.99080 0.99451 1.00065 0.98820 0.98338 0.97967 0.97353

Major Currencies Analysis
http://www2.fxcbs.com/newsletter/major-analysis.html