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This week forex market expected trend
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Week 30 Jul − 03 Aug 2007
Mon, Jul 30 2007, 07:42 GMT
by Dr.S.Sivaraman
www.i-knowindices.com
Professional trader training- strategist trading techniques and forex market forecast - www.i-knowindices.com commodity and stock market forecast visit www.ipredictindices.comThis Week 30 Jul - 03 Aug 2007. Other majors are expected to under go volatile moves for month end and next month beginning. Quick upward stop hunts moves are sell oppertunities. operators are expected to swing and drop other majors in a big way in coming days. watch and understand - market means swings. Do not get trapped with bullish or bearish feel in any pair at lower/higher levels - You can do directional swing trades of sell and buy in other majors.
EURO/USD: EURO will be very firm initially around 1.3633 level due to very less USD demand, towards mid-week it is expected to become firm to the level of 1.3523 and by week end is expected to become moderate to the level 1.3389. Wide-range swings are expected with high intra-day volatility Good time to do directional swing trades. sell during rise and cover during correction.
Support and Resistant Levels -Resistance at 1.3678 / 1.3712 / 1.3747 support at 1.3523 / 1.3389 / 1.3267 levels .
USD/CHF: USD/CHF will be very weak around 1.2083 due to very less USD demand, towards mid week it is expected to become weak to level of 1.2389 and by week end is expected to become moderate to the level of 1.2542 Wide-range swings with high intra-day volatility will be witnessed. Good time to do directional swing trades. Take long during correction and cover during rise.
Support and Resistant Levels - Resistance at 1.2389 / 1.2476 / 1.2542 support at 1.2072 / 1.2051 / 1.2028 levels.
USD/JPY: USD/JPY will be weak initially to the level of 118.59 due to less USD demand, towards mid-week it is expected to become very weak to the level of 119.67 and by week end it is expected to become firm to the level of 121.43. Wide range swings expected with very high intra-day volatility. Good time to take long during correction and cover during rise.
Support and Resistant Levels -Resistance at 121.43 / 122.67 / 123.89 support at 118.34 / 118.02 / 117.89 levels.
AUD/USD:AUD/USD will be very firm initially around 0.8516 level due to less USD demand, and towards mid- week will become firm to the level of 0.8466 and by week end will become moderate to the level 0.8243. Wide-range swings expected with high intra-day volatility Good time to take short during rise and cover during correction.
Support and Resistant Levels -Resistance at 0.8612 / 0.8645 / 0.8678 support at 0.8466 / 0.8349 / 0.8243 levels.
Understanding the operators intention alone can make us to win in this game of forex trading....... the forecast gives the signals much in advance for you to understand the operators intention....
Published on Mon, Jul 30 2007, 07:44 GMT
Archive
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