FXstreet.com

This report has been deactivated

0

0

Daily Forex Forecast

Fri, Aug 1 2008, 11:56 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: Fri, 1 August 2008 12:30:05
    Resistance levels: 1.5610/1.5700/1.5750
    Support levels: 1.5550/1.5520/1.5470
    EUR/USD has tested 1.5700 Resistance and our target yesterday on disappointng US GDP Numbers Today all eyes will be on US Non Farm Payrolls numbers at 12:30 GMT The consensus is at -75 K On the upside, above 1.5610 first Resistance region recovers price up to 1.5700 over the next trading sessions if the number comes out at -110.K or lower. On downside, if the number comes out at -35 K or stronger, further ease towards 1.5470 may be seen after the event.
  • Strategy-neutral

  • FXDREAM GBP/USD
    Date: Fri, 1 August 2008 12:30:04
    Resistance levels: 1.9800/1.9840/1.9880
    Support levels: 1.9750/1.9700/1.9650
    GBP/USD has tested 1.9920 our up target yesterday after poor US GDP numbers , falling back towards 1.9750 over the last trading sessions Next short term direction will depends on US Non Farm Payrolls numbers and 1.9650 may be stested if the number comes out better than expectations On the upside, above 1.9800 may turn price back to 1.9880 over the next trading sessions on weak data from USA and 1.9920-30 yesterday highs in mid term
  • Buy GBP/USD at 1.9780, Stop-loss-1.9740, Take profit-1.9840( 1.9900)

  • FXDREAM USD/JPY
    Date: Fri, 1 August 2008 12:30:03
    Resistance levels: 107.80/108.40/109.00
    Support levels: 107.30/107.00/106.50
    USD/JPY has fallen down to 107.30 our first down target on the break below 107.80 over the last trading sessions The bias remains bearish with next targets at 107.00 and 106.50 later today and 106.10 in mid term On the upside, first immediate Resitance comes at 107.80 now Above sends price for retest of 108.40 previous highs
  • Sell USD/JPY at 107.30, Stop-loss-107.70, Take profit-106.70( 106.20)

  • FXDREAM USD/CHF
    Date: Fri, 1 August 2008 12:30:02
    Resistance levels: 1.0500/1.0540/1.0600
    Support levels: 1.0450/1.0400/1.0350/1.0300
    USD/CHF has traded ranged below 1.0500 earlier today as markets are waiting for US Non Farm Payrolls numbers at 12:30 GMT Our down target remains at 1.0350 for today on disappointing fundamental data from USA The key Support remains near 1.0300 On the upside, first minor Resistance comes at 1.0500 Above that levels squeezes price towards 1.0540 and 1.0600 later today.
  • Strategy-neutral.

  • FXDREAM EUR/JPY
    Date: Fri, 1 August 2008 12:30:01
    Resistance levels: 167.60/168.30/169.00
    Support levels: 167.00/166.30/166.00
    The Cross has tested 167.60 first Resistance and pivot earlier today No change in our view. Today above 167.60 may signal recovery up to 168.30-40 area later today On downside, below 167.00 first Support and bottom formed moves price lower to 166.30-25 area over the next trading sessions
  • Strategy-neutral.

Archive

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!


FOREX.com
Contact the broker/FDM
Open a demo account
FX Solutions LLC
Contact the broker/FDM
Open a demo account
Saxo Bank A/S
Contact the broker/FDM
Open a demo account
IG Markets
Contact the broker/FDM
Open a demo account
Capital Market Services, L.L.C.
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

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.

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.