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Daily Forex Forecast
Thu, Aug 14 2008, 07:54 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: Thu, 14 August 2008 07:30:05
Resistance levels: 1.4970/1.5080/1.5100
Support levels: 1.4850/1.4820/1.4770
EUR/USD has fallen back below 1.4880 yesterday Today focus will be on US Core Consumer Price Index numbers at 12:30 GMT The conensus is at 0.2%. On downside, if the number comes out at 0.4% or higher , retest of 1.4820 lows and even 1.4770 may be seen after the event On the other side, if the number comes out at 0.0% or lower, recovery towards 1.4970-80 yesterday highs may be seen In mid term, a break above 1.4970 will be required to signal for reversal in the bias and test of 1.5080-5100 region- Strategy-neutral.
FXDREAM GBP/USD
Date: Thu, 14 August 2008 07:30:04
Resistance levels: 1.8790/1.8860/1.8920
Support levels: 1.8650/1.8600/1.8520
GBP/USD has fallen further heavily below 1.8700 our next down target over the last trading sessions after Bank of England Inflationary Report Now first immediate Resistance comes near 1.9730 Above recovers price towards 1.9790 later today On downside, below 1.9650 formed bottom eases price further directly towards 1.9520- Strategy-neutral.
FXDREAM USD/JPY
Date: Thu, 14 August 2008 07:30:03
Resistance levels: 109.40/110.00/110.40
Support levels: 109.00/108.30/107.30
USD/JPY has tuned back above 109.40 important Resistance over the last trading sessions No change in our view. On the upside, the break above 109.40 levels may signal resuming the upmove towards 110.00 and even 110.40 highs . On downside, below 109.00 first minor Support turns price back to 108.40-30 bottom area area- Strategy-neutral.
FXDREAM USD/CHF
Date: Thu, 14 August 2008 07:30:02
Resistance levels: 1.0900/1.0930/1.1000
Support levels: 1.0840/1.0760/1.0700
USD/CHF has eased back towards 1.0840-30 Support region yesterday after US Retail Sales numbers release On downside , below 1.0840-30 area eases price down to 1.0760-40 region later today On the upside, price meets strong Resistance near 1.0930 Above that double tested levels resumes the uptrend towards 1.1000 and 1.1100 in longer term- Strategy-neutral.
FXDREAM EUR/JPY
Date: Thu, 14 August 2008 07:30:01
Resistance levels: 163.50/164.00/164.30
Support levels: 162.50/161.40/161.00
The Cross has recovered towards 164.00 over the last trading sessions on the break above 162.90-163.00 area previous crucial Resistance area as it was suggested in our previous reports. Now in short term there are chances of further recovery to 164.00 and 164.30 later today as long as the pair trades above 162.50 first minor Support On downside, below 162.50 resumes the downtrend towards 161.60-40 bottom region later today- Strategy-neutral.
Published on Thu, Aug 14 2008, 07:55 GMT
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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!
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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.