| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Wed, 25 April 2007 13:10:01
Resistance levels: 1.3670/1.3700/1.3750
Support levels: 1.3620/1.3585/1.3545
EUR/USD has risen further towards 1.3670 previous record high in the last trading sessions as it was suggested supported by slighly stronger than expected IFO Business Climate Index from Germany. Now markets are waiting for US Core Durable Goods and New Home Sales numbers. The US Core Durable Goods consensus is around 1.1%. If the number comes out at 1.0% or more negative further rally beyond 1.3660-70 previous record high area up to 1.3700 may be seen later today.. On downside, first minor Support comes at 1.3620 ahead of 1.3550 key one. If the number comes out at 3.0% or higher, ease back to 1.3610 and even 1.3585 is likely in near term. Look to buy on downsticks for test of 1.3670 and even higher towards 1.3700.
Strategy-neutral.
FXDREAM GBP/USD
Date: Wed, 25 April 2007 13:10:01
Resistance levels: 2.0060/2.0100/2.0130
Support levels: 2.0010/1.9985/1.9950
GBP/USD has remained strong retesting 2.0061 high ( just a shy away from our first target) earlier today after strong UK GDP Numbers. .Now markets are waiting for the US Core Durable Goods at 12:30 GMT and New Home Sales at 14:00 GMT. The uptrend for retest of 2.0130 high in mid term and 2.0200 target in longer term remains intact as long as price is above 1.9950 strong Support Soft US data may boost price higher for test of 2.0100 and 2.0130 record high over today and tomorrow. On the other side, stronger than expected data from USA may turn price back to 2.000-1.9985 area in the next trading sessions.50 . .Stay Long for retest of 2.0100 and 2.0130 record high over the next couple of days.
Holding GBP/USD at 2.0000, Stop-loss-2.0010( up from 1.9965),Take profit-2.0070(2.0120)
FXDREAM USD/JPY
Date: Wed, 25 April 2007 13:10:01
Resistance levels: 119.00/119.50/119.70
Support levels: 118.20/117.60/117.00
USD/JPY has retested 118.25-20 Support area in Asia, currently still trading in the 118.25-119.00 range. A break beyond 119.00 first Resistance may open territory for further rally towards 119.50 and 119.70 over the next trading days.. On the other side, a break below 118.20 low may send price down to 117.60 Friday bottom and even 117.00 over the next trading days.
Strategy-neutral.
Fx-charts.com Disclaimer: The information contained on this website is subject to change without notice, views and opinions expressed on fx-charts.com may be those of individual authors and may not necessarily be the views of fx-charts.com or its officers and employees, we make no claim to the accuracy or timeliness of any information contained herein. We recommend obtaining advice from a suitably qualified financial advisor before entering into any financial transactions or agreements. The use of this website constitutes acceptance of our privacy policy, disclaimer and terms of use. This website is available for information and educational purposes only.
|
