Search
0
0
Daily Forex Forecast
Tue, Aug 5 2008, 07:27 GMT
by FXDream Team
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.comDAILY FX FORECASTS
FXDREAM EUR/USD
Date: Tue, 5 August 2008 07:30:05
Resistance levels: 1.5550/1.5610/1.5650/1.5700
Support levels: 1.5520/1.5470/1.5410
EUR/USD has tested 1.5520-15 previous bottom area earlier today after better than expected US Factory Orders numbers yesterday Today focus will be on US ISM Non Manifacturing Index at 14:00 GMT and then especially FOMC Interest Rate Decision at 18:15 GMT It is widely expected they will leave the rate unchanged at 2.0% On downside, below 1.5520-15 bottom area eases price further to 1.5470 before the FOMC Event On the upside, above 1.5550 pivot point reverses price back above 1.5610- Strategy-neutral
FXDREAM GBP/USD
Date: Tue, 5 August 2008 07:30:04
Resistance levels: 1.9630/1.9720/1.9750
Support levels: 1.9580/1.9510/1.9460
GBP/USD has fallen further below 1.9580 our next down target over the last trading sessions after recovery to 1.9720 yesterday exactly as it was suggested in our previous reports The bias remains bearish with next targets at 1.9510 and 1.9460 in mid term On the upside, first important Resistance comes at 1.9630 Above recovers price back towards 1.9710-20 region- Strategy-neutral.
FXDREAM USD/JPY
Date: Tue, 5 August 2008 07:30:03
Resistance levels: 108.40/109.00
Support levels: 107.80/107.30/107.00/106.50
USD/JPY has tested 107.80 first Support earlier today On downside, below 107.80 first Support turns price back to 107.30 Support and bottom and 106.50 in mid term after FOMC Event later today On the upside, first immediate Resiatnce comes near 108.00 ahead of 108.40 previous high . Trade from short side for test towards 107.30 and 106.60-50 area- Strategy-neutral.
FXDREAM USD/CHF
Date: Tue, 5 August 2008 07:30:02
Resistance levels: 1.0500/1.0540/1.0600
Support levels: 1.0470/1.0400/1.0350/1.0300
USD/CHF has riesn above 1.0500 over the last trading sessions On the upside, the break above 1.0500 squeezes price towards 1.0540 and 1.0600 in mid term On downside, first minor Support comes at 1.0470 ahead of 1.0400 key one . Below 1.0470 may turn price back towards 1.0400 after FOMC Event later today- Strategy-neutral.
FXDREAM EUR/JPY
Date: Tue, 5 August 2008 07:30:01
Resistance levels: 168.00/168.70/169.20
Support levels: 167.00/166.30/166.00
The Cross has recovered above 168.60 our up target yesterday exactly as it was suggested in our previous reports . falling back towards 167.00 last week bottom over the last trading sessions. On downside, below 168.00 first Support turns price back towards 167.00 last week bottom in near term and 166.30 over the next trading sessions On the upside, a break above 168.00 first Resistance is required to signal reversal towards 168.70 and 169.20 highs- Strategy-neutral.
Published on Tue, Aug 5 2008, 07:28 GMT
Archive
- Daily Forex Forecast
Published On Tue, Sep 16 2008, 07:52 GMT - Daily Forex Forecast
Published On Thu, Sep 11 2008, 07:35 GMT - Daily Forex Forecast
Published On Tue, Sep 9 2008, 07:56 GMT - Daily Forex Forecast
Published On Mon, Sep 8 2008, 08:00 GMT - Daily Forex Forecast
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!
  Contact the broker/FDM Open a demo account |  Contact the broker/FDM Open a demo account  |  Contact the broker/FDM Open a demo account |  Contact the broker/FDM |  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.
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.
©2008 "FXstreet.com. The Forex Market" All Rights Reserved.
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.
©2008 "FXstreet.com. The Forex Market" All Rights Reserved.