日本語
Español
中文
- New York 14:21
- London 19:21
- Barcelona 20:21
- Tokyo 04:21
- Sydney 06:21
0
0
FX Thoughts for the day − Evening − 25−May−2007....1201 GMT
Fri, May 25 2007, 12:17 GMT
by Kshitij Consultancy Service Team
EURO, JAP YEN and EURO-YEN
Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering to our newsletter.EURO, JAP YEN and EURO-YEN
---------------------------
Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering at
http://www.kshitij.com/fxthoughts/fxthoughts.shtml#register
Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below
---------------------
USD-CHF @ 1.2272/77.....200-MA at 1.2318
-------------------------------------------------------
R: 1.2320-30 / 1.2350-60
S: 1.2240 / 1.2219 / 1.2200
USD-CHF has been trying to move above 1.2320-30 for the last four days but the pair has been unsuccessful so far. It is facing considerable Resistance from its 200-MA of 1.2318. Now that level must be crossed for further gains to be seen in the pair. If that is seen then there could be a rally towards 1.2350-60, which comes on the trendline on the monthly, joining the highs of 1.3232 (March-06) and 1.2555 (Feb-07).
On the downside the immediate Support is at 1.2240 and then at 1.2219, the statistically projected Max Low for the day. The pair is best sold on a rally to 1.2320 with a stop above 1.2350. Alternatively a long position may be considered near 1.2240 with a stop below 1.2210.
GBP-USD @ 1.9839/44......Resistance at 1.9900-10
------------------------------------------------
R: 1.9900-10 / 1.9940-50
S: 1.9840-28 / 1.9790
GBP-USD has been very lackluster during the day and the pair is maintaining below its important Resistance of 1.9900-10, a rally to which if seen, is a good area for selling. 1.9900-10 comes on the trendline on the 4-Hourly, joining the highs of joining the highs of 2.0134 (18-Apr) and 2.0001 (09-May). If that is crossed, then there could be a rally towards 1.9940-50.
On the downside the Support is at 1.9840-28 and then at 1.9790. We would like to sell a rally.
Limit Sell Order
----------------
Sell GBP 15K at 1.9890, SL 1.9940, TP 1.9810. As soon as the market trades 1.9850 after entry, bring SL down to 1.9920.
AUD-USD @ 0.8191/95......Support at 0.8170
---------------------------------------------------
R: 0.8200 / 0.8230
S: 0.8170 / 0.8140-31
AUD-USD is currently just holding above its important Support of 0.8170, the May-07 low so far and a break below that could result in a fall towards 0.8140-31, the statistically projected Max Low for the day.
While 0.8170 holds, there are chances of a corrective rally back towards 0.8200 or 0.8230 in the pair. The statistically projected Max High for the day is at 0.8248. There are no trades in the pair currently.
Happy Trading!
Published on Fri, May 25 2007, 12:18 GMT
Archive
- FX Thoughts for the Day
Published On Fri, Nov 6 2009, 12:02 GMT - FX Thoughts for the Day
Published On Thu, Nov 5 2009, 11:44 GMT - FX Thoughts for the Day
Published On Wed, Nov 4 2009, 11:49 GMT - FX Thoughts for the Day
Published On Tue, Nov 3 2009, 11:51 GMT - FX Thoughts for the Day
Published On Fri, Oct 30 2009, 11:43 GMT
Kshitij Consultancy Service
| Suite 2G, Tower C, Hastings Court, 96 Garden Reach Road, Kolkata 700 023
http://www.fxthoughts.com | info@kshitij.com
Legal disclaimer and risk disclosure
These views/ forecasts/ suggestions, though proferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice.Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. Those acting in the market on the basis of these are themselves responsibly for any profits or losses that might occur, without recourse to us. World financial markets, and especially the Foreign Exchange markets, are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange 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 trade 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.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.