| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Fri, 4 August 2006 13:10:01
Resistance levels: 1.2835/1.2862/1.2900
Support levels: 1.2760/1.2720/1.2660
EUR/USD has remained quiet ahead of key US Non Farm Payrolls Numbers at 12:30 GMT today as it was suggested. These data will be extremely important and it is likely to cause big volatility later today. Numbers more than 200 K would be extremely surprising and may cause heavily fall down towards 1.2670-60 area later today. On the upside, sharp rally towards 1.2860-65 area and even higher towards 1.2900-20 also is possible after US Data Release. Buy downsticks ahead of the event with tight stop-loss targeting 1.2860 and 1.2900.
Buy EUR/USD at 1.2790,Stop-loss-1.2760, Take profit-1.2862(1.2900)
FXDREAM GBP/USD
Date: Fri, 4 August 2006 13:10:01
Resistance levels: 1.8925/1.8960/1.9020
Support levels: 1.8850/1.8785/1.8730
GBP/USD has risen further to new highs at 1.8925 earlier today. The next direction will depends on key US Jobless numbers later today at 12:30 GMT. Sharp rally towards 1.9020-25 previous record highs may be seen later today. On downside, positive data from USA may cause sharp fall towards 1.8785 and even lower towards 1.8730. Buy a break above 1.8925-30 area for retest of 1.9020-25. Hedge the position with USD/CHF opened.
Buy GBP/USD at 1.8935,Stop-loss-1.8900,Take profit-1.9020(1.9050)
FXDREAM USD/JPY
Date: Fri, 4 August 2006 13:10:01
Resistance levels: 115.30/116.05/116.60
Support levels: 114.65/114.20/113.90
USD/JPY has squeezed above 115.30 crucial Resistance earlier today. The next direction in short term will depend on US Data Release in few minutes. Sharp rally towards 116.05 and even higher towards 116.60 may be seen later today on US Payrolls above 200 K. On the other side, negative numbers may turn price back towards 114.20 key Support and even lower towards 113.90 and 113.40 previous lows in longer term.
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.
|
