Major Currencies Analysis 19/01/2011 FXCBS

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Wednesday January 19 , 2011

Major Currencies Analysis

EUR/USD



The pair Euro against the U.S. dollar can penetrate the main resistance level at 1.34200 and could stable above it to achieve the highest level at 1.34884, this stability above that level make us more rising today, but if the pair go below the level of 1.34200 that mean the pair will decline to test the level of 1.33110.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
EUR/USD 1.34440 1.35028 1.36010 1.33683 1.33260 1.32678 1.31696

GBP/USD



The MA 50 supporting the bullish trend for the pair Sterling against the U.S. dollar , in additional to the positive sign which is showing through Stochastic indicators that lead us to expect more rising up to the pair Sterling against the U.S. dollar to the level of 1.61000 at the first target then to the 1.61440.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
GBP/USD 1.60111 1.60612 1.61440 1.59658 1.59100 1.58608 1.57779

USD/JPY



The pair U.S. dollar against the Japanese Yen decline yesterday to the level of 82.122 , the MA 50 pressure on the price to decline so we expect that the pair will attack today the support level at 82.150 and breakthrough it to achieve our goals at 81.200.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/JPY 82.733 82.870 83.095 82.584 82.461 82.324 82.009

USD/CHF



Determined indicators for the pair U.S. dollar against the Swiss Franc showing negative sign , also the pair can stabile below the level of 0.96250 all of that make us expect more declining for the pair today to the level of 0.95150.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CHF 0.96637 0.96927 0.97410 0.96136 0.95900 0.95765 0.95280

AUD/USD



Determined indicators for the pair Australian dollar against the U.S dollar showing negative sign lead us to expect a decline for the pair to the level of 0.97476, these expectation require stability of the trading below the level of 0.99600.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
AUD/USD 1.00215 1.00513 1.01009 0.99640 0.99600 0.99320 0.98820

USD/CAD



The pair U.S. dollar against the Canadian dollar still trading below the level of 1.00000 around the main support level at 0.98900, we expect today that the pair will breakthrough this level and decline to the level of 0.98150.

Support & Resistance:
Pair R1 R2 R3 P S1 S2 S3
USD/CAD 0.99402 0.99669 1.00112 0.98951 0.98870 0.98603 0.98160

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