• Home ::
• Technical ::
• Forex Forecasts ::
• Daily Forex Forecast

• Send
• Print
• Add To
• Rss

a51084ac-ffc4-4321-b3f0-5c1e6756701d

0

0

Daily Forex Forecast

Fri, Jun 20 2008, 07:31 GMT
by FXDream Team

FXDream

• DAILY FX FORECASTS 

• FXDREAM EUR/USD
  Date: Fri, 20 June 2008 07:30:05
  Resistance levels: 1.5570/1.5630/1.5660
  Support levels: 1.5530/1.5470/1.5400
• EUR/USD has made pullback down to 1.5470 Support and our down target yesterrday on the break below 1.5530 exactly as it was suggested in our previous report No important fundamental news today No change in our view. On the upside , the upmove remains intact for further upmove towards1.5630 over the next trading sessions First target comes in the 1.5570-90 area On downside, first crucial Support comes near 1.5470 Below turns price back to 1.5400 in longer term
• Strategy-neutral
• 
  FXDREAM GBP/USD
  Date: Fri, 20 June 2008 07:30:04
  Resistance levels: 1.9740/1.9800/1.9850
  Support levels: 1.9700/1.9620/1.9580/1.9500
• GBP/USD has risen above 1.9740 our target and Resistance over the last trading sessions exactly as it was suggested ( just a shy away from our second target at 1.9770 after stronger than expected UK Retail Sales numbers ( m/m) We have booked 60 pip profit over the first part of our Long position On the upside, as long as price holds above 1.9700 first immediate Support there are chances of further upmove towards 1.9800 later today On downside, below 1.9700 may squeeze price down to 1.9620 Support over the next trading sessions
• Holding GBP/USD Long at 1.9650, Stop-loss-1.9690( up from 1.9610), Take profit-1.9710( 1.9770 )
• 
  FXDREAM USD/JPY
  Date: Fri, 20 June 2008 07:30:03
  Resistance levels: 108.00/108.60/109.00
  Support levels: 107.00/106.50/105.80
• USD/JPY has fallen below 107.80 previous crucial Support over the last trading sessions The break below these levels turns price back to 107.00 and even 106.60-50 region over the next trading sessions First important Support comes near 107.00 On the upside, there is Resistance near 108.00 yesterday highs ahead of 108.50-60 region
• Strategy-neutral
• 
  FXDREAM USD/CHF
  Date: Fri, 20 June 2008 07:30:02
  Resistance levels: 1.0450/1.0550/1.0630
  Support levels: 1.0400/1.0310/1.0220
• USD/CHF has found base at 1.0310-00 area over the last trading sessions , recovering back near 1.0450-60 crucial Resistance as it was suggested on the break above 1.0380 . Now first immediate Support comes near 1.0400 . below turns price back to 1.0310 base over the next trading days On the other side, a break above 1.0450 is needed to signal for further upmove towards 1.0550 in mid term
• Strategy-neutral.
• 
  FXDREAM EUR/JPY
  Date: Fri, 20 June 2008 07:30:01
  Resistance levels: 168.00/168.40/169.00
  Support levels: 167.10/166.30/165.60
• The Cross has tested 167.00 levels over the last trading sessions , turning back into positive territory No change in our view. The uptrend remains intact and further upmove towards 168.00 and 169.00 over the next trading sessions may be seen as long as price holds above 167.10-00 first Support First minor Resistance stands at 167.80 On downside, below that area may cause pullback down to 166.30 later today
• Strategy-neutral.

Published on  Fri, Jun 20 2008, 07:32 GMT