Latest forex analysis - page 49
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Fienex Group, DBA* FXCBS , which stands for FOREX Central Brokerage Services, has been focusing on the development of the best technologies and solutions that perfectly serve our clients needs.
FXCBS was created by a team of expert advisors and professional traders who decided to put an end to the unfair trading environments created by many of the brokers and organizations that are well known in the industry and to the public, we are the next generation of spot FOREX trading and 100% dependent on our people to deliver our promises. That why we only employ the very best people in the financial industry?.
*DBA term refers to "Doing Business As".To be the first in providing the best advantages for traders, and never spare an effort to create new unique services.
Whether you are an institutional or professional client, we believe that you will notice many things about our firm that are very different from other FOREX brokerage firms in the industry. We believe the key to serving our clients effectively is by providing them with a high-end and institutional-class product base to choose from, placing excellent service as our top priority and exemplifying the highest standards of personal and professional ethics. We develop and maintain long-term relationships with our clients, actively listen to them, build their trust and loyalty and do our best to fulfill their expectations.For the FOREX Market to be not only the most traded market, but the most profitable market as well.
At FXCBS, we have created a culture where the needs of our clients always come first. By adhering to exemplary standards and conducting our business with excellence and integrity, we enhance our reputation and cultivate the growth of our business. Our commitment to you is reflected in all aspects of our business:
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Risk DisclosuresTrading foreign exchange products on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.As the frontline of our business, we are 100% dependent on our people to deliver our promises, day in and day out. That why we only employ the very best people in the financial industry. At FXCBS we collaborate to deliver high-quality solutions that our clients expect from us. The caliber of our solutions comes from teams that continually contribute fresh ideas, different perspectives and individual flair. Our clients know they can depend on us. We are consistently looking for opportunities to create a deeper understanding of how to meet their growing business goals.
Click here to read more about career opportunities at FXCBS.^^^ Nice chart, I went long at 91.40 when the ichimoku cloud was broken on the Daily chart to the upside.
Looking for 96.00-97.00, we'll see what next year brings.
Happy New Year
I would like to wish you all Happy New Year 2010
Technical analysis 31/12/09 of FXCBS
This is technical daily and provided by specialists and analysts from FXCBS
Thursday December 31 , 2009
Previous session overview
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.
Market Expectations
EUR/USD :
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.
GBP/USD :
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.
USD/JPY :
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.
USD/CAD :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
GBPUSD Is Still In Counter-trend
Momentum Indicator: Bullish
Pattern: A possible of Wave 4 of 5 in formation.
Price: A possible strong resistance at 1.6357 50% retracement where 100 MA cluster together.
Long Term Strategy: Wait for bearish reversal to enter short
...
Forgive me for barging in this thread...but...every time I read the name of the thread what I hear in my head is "Latex Forest Analysis"
Happy New Year 2010
Technical analysis 4/01/10 of FXCBS
This is technical daily and provided by specialists and analysts from FXCBS
Monday January 4 , 2010
Previous session overview
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.
Market Expectations
EUR/USD :
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.
GBP/USD :
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.
USD/JPY :
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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