| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Mon, 18 September 2006 13:10:02
Resistance levels: 1.2686/1.2715/1.2735
Support levels: 1.2630/1.2605/1.2570
EUR/USD has eased down below 1.2650 after London Opening today. The bias remains negative after G7 Meeting in Singapore for test of 1..2570 target in the next couple of days. First crucial Support comes in the 1.2605-00 area. On the upside, first immediate Resistance is at 1.2685 ahead of 1.2715 stronger one. Hold Short for test of 1.2605 and 1.2570 ahead of US Net Foreign Purchases Data later today at 13:00 GMT.
Holding EUR/USD Short at 1.2660,Stop-loss-1.2690,Take profit-1.2605(1.2750)
FXDREAM GBP/USD
Date: Mon, 18 September 2006 13:10:02
Resistance levels: 1.8795/1.8839/1.8880
Support levels: 1.8730/1.8710/1.8660
GBP/USD has fallen sharply down to 1.8730 in the last few hours. The sentiment remains negative ahead of US Current Account and Net Foreign Purchases Release for test of 1.8710 later today. On the other side, first Resistance comes at 1.8795 ahead of 1.8839 daily high level. In longer term, a break above 1.8920-25 area is needed for resuming the uptrend towards 1.9070 and higher. We prefer to stay aside for now.
Strategy-neutral.
FXDREAM USD/JPY
Date: Mon, 18 September 2006 13:10:02
Resistance levels: 118.25/118.70
Support levels: 117.75/117.25/116.95
USD/JPY has climbed further beyond 118.15 earlier today as it was suggested. The uptrend remains intact for test of 118.70-75 area in the next couple of days. First immediate Support is at 117.75 ahead of 117.27 bottom. Look to buy on downsticks for 118.70-75 area test in the next trading sessions.
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.
|
