Major Currencies Analysis 25/01/2011 FXCBS

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Tuesday January 25 , 2011

Major Currencies Analysis

EUR/USD

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

We expect today a bullish intraday for the pair Euro against the U.S. dollar first to the level 1.37160 then to the level of 1.37820, but we expect this rising up will walk slowly cause of the determined indicator are so close to be saturation in the purchasing process, these expectation require stability of the trading above the level of 1.35000.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.36676 1.37160 1.37820 1.36200 1.35960 1.35560 1.34900

GBP/USD

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

The pair Sterling against the U.S. dollar still stable above the level of MA 50 , so we still expect more bullish intraday to the level 1.60440 first then to the level 1.61800 , these expectations require stability of the trading above the level of 1.591000.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.60470 1.60880 1.61571 1.59630 1.59600 1.59240 1.58550

USD/JPY

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The pair U.S. dollar against the Japanese Yen still trading below the level of MA 50 and below the main resistance level at 82.800 , so we expect a declining for the pair to the level of 82.000 then 81.500.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 82.750 82.863 83.110 82.720 82.400 82.247 81.990

USD/CHF

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The pair U.S. dollar against the Swiss Franc traded now around the level of 0.94800 determined indicators showing saturation in the selling process which will cause some fluctuation around this level for few time then it will back to decline again to achieve new goals .

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.96130 0.96460 0.96970 0.96140 0.95550 0.95200 0.94460

AUD/USD

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

Determined indicators for the pair Australian dollar against the U.S. dollar showing positive sign which may lead the pair to raise up to the level 1.00450 as the first target but we need a closing for hours candlestick above the level of 0.99740.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 0.99170 0.99390 0.99740 0.98830 0.98800 0.98530 0.98180

USD/CAD

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

The pair U.S. dollar against the Canadian dollar still trading below the level of 1.00000 in addition to the negative sign which is showing through determined indicators , so we expect today a declining for the pair to the level of 0.981500.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 0.99630 0.99840 1.00200 0.99450 0.99190 0.98889 0.98862

Newsletter - Major Currencies Analysis
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