Daily Forex Forecast

Thu, Sep 4 2008, 07:38 GMT
by FXDream Team

FXDream


Free Forex Forecasts

Just for opening a real account with our clearing broker FXCM LLC - New York reffered by us. For more information contact us at contact@fxdream.com

  • DAILY FX FORECASTS


  • FXDREAM EUR/USD
    Date: Thu, 4 September 2008 07:30:05
    Resistance levels: 1.4500/1.4550/1.4620
    Support levels: 1.4480/1.4410/1.4380
    EUR/USD has reached new lows at 1.4380 yesterday, rebounding back towards 1.4550 key Resistance over the last trading sessions Today focus will be on ECB Interest Rate Decision at 11:45 GMT and especially Trichet Speech at 12:30 GMT It is widely expected ECB will leave the rate unchanged at 4.25% An upmove above 1.4550 key Resistance may recover price further towards 1.4600 and 1.4620 over the next couple of trading sessions and even 1.4800 in longer term On downside, below 1.4480 first Support reverses the bias into negative and turns price back to 1.4400-4380 bottom area
  • Strategy-neutral.

  • FXDREAM GBP/USD
    Date: Thu, 4 September 2008 07:30:04
    Resistance levels: 1.7800/1.7890/1.7940
    Support levels: 1.7710/1.7640/1.7550
    GBP/USD has recovered to 1.7800 as it was suggested after better than expected UK PMI Services numbers yesterday Today focus will be on Bank of England Rate Decision at 11:00 GMT It is expected they will hold the rate unchanged at 5.00% On downside, if they cut the rate , sharp fall below 1.7670 yesterday lows may be seen later today First crucial Support stands near 1.7710 On the upside, further recovery to 1.7890 and even 1.7940 is not ruled out over today and tomorrow
  • Strategy-neutral.

  • FXDREAM USD/JPY
    Date: Thu, 4 September 2008 07:30:03
    Resistance levels: 108.40/109.10/109.70
    Support levels: 108.00/107.60/107.10
    USD/JPY has failed to penetrate beyond 109.10-20 area yesterday , falling back below 108.60 down to 108.00 our down target over the last trading sessions as it was suggsted Now first Resistance comes at 108.40 Above that level may boost price back towards 109.10-20 area later today On downside, below 108.00 eases price further to 107.60 later today
  • Strategy-neutral.

  • FXDREAM USD/CHF
    Date: Thu, 4 September 2008 07:30:02
    Resistance levels: 1.1060/1.1130/1.1170
    Support levels: 1.1010/1.0970/1.0930
    USD/CHF has reached new highs at 1.1170 our up target yesterday as it was suggested, falling back below 1.1050 key Support over the last trading sessions On downside, the break below 1.1050 may ease price further to 1.0970 and even 1.0930 later today First immediate Support comes near 1.1010 now On the upside, a break beyond 1.1060 is required to signal resuming the uptrend and retest of 1.1130 and 1.1170 previous highs
  • Strategy-neutral.

  • FXDREAM EUR/JPY
    Date: Thu, 4 September 2008 07:30:01
    Resistance levels: 157.60/158.40/159.00
    Support levels: 157.00/156.30/155.40
    The Cross has reached new lows at 156.30 yesterday No change in our view. The bias remains negative for test of 155.50-40 area in longer term First immediate Support stands at 157.00 ahead of 156.30 yesterday bottom On the upside, above 157.60 may recover price towards 158.40-50 later today
  • Strategy-neutral.

Published on  Thu, Sep 4 2008, 07:38 GMT

FXDream.com  | 3500 Windmeadows Blvd. #88, Gainesville, Florida, 32607 USA
http://www.fxdream.com | contact@fxdream.com

Legal disclaimer and risk disclosure

These forecasts are based on our reading of the market at the time of writing.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 responsible for any profits or losses that might occur. 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.The high degree of leverage can work against you as well as for you.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.

Interested in forex trading? forex brokerage firms!


MF Global UK Limited
Contact the broker/FDM
Open a demo account		Interbank FX, LLC
Contact the broker/FDM
Open a demo account
Alpari (US), LLC
Contact the broker/FDM
Open a demo account		FXDD
Contact the broker/FDM
Open a demo account		Ingot Brokers
Contact the broker/FDM
Open a demo account

FXstreet.com will give you a 3 months membership as soon as minimum rebates have been generated (€150 for private trader/ €300 for corporate trader)

[Read Premium full description]


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management.

Risk Disclosure: 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 invest in 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.

©2008 "FXstreet.com. The Forex Market" All Rights Reserved.