| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Mon, 15 May 2006 13:10:04
Resistance levels: 1.2855/1.2885/1.2970
Support levels: 1.2790/1.2760/1.2710
EUR/USD has dropped in the morning European trading session down to 1.2794 after massive profit taking. Now markets are focused on on the Release of the US portfolio flows data at 13: GMT. Strong Data may support the USD for further downmove in price down to 1.2760 later today. At these levels the pair may find strong Support and rebound back towards 1.2850 is not ruled out. On the upside, weak data from USA may turn price back towards 1.2885 and higher later today. We prefer to stay away as we had very bad losing stream last days.
Strategy-neutral.
FXDREAM GBP/USD
Date: Mon, 15 May 2006 13:10:04
Resistance levels: 1.8900/1.89601.9000
Support levels: 1.87901.8735/1.8650
GBP/USD has dipped below 1.8800 earlier today. Now rebound beyond 1.8890 fisrt Resistance up to 1.8960 again is possible ahead and after US data Release. On downside, better than expected data from USA may push price lower towards 1.8735-30 key Support. In longer term we still favour the bullish bias with first target at 1.9000.
Strategy-neutral.
FXDREAM USD/JPY
Date: Mon, 15 May 2006 13:10:04
Resistance levels: 110.60/111.50/112.20
Support levels: 109.80/109.20/108.75
USD/JPY has tested 110.53 previous highs earlier today. Later today pullback down to 109.25-20 first strong Support and previous lows is not ruled out after US Data Release. On upside, rise above 110.60 is needed as a signal for deeper correction up towards 112.20 gap this week. In longer term the sentiment remains bearish with target at 108.75 important level for the next few 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.
|
