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Daily Forex Forecast
Wed, Aug 27 2008, 07:43 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: Wed, 27 August 2008 07:30:05
Resistance levels: 1.4750/1.4800/1.4900
Support levels: 1.4670/1.4610/1.4550
EUR/USD has eased below 1.4610 our traget and previous bottom yesterday as it was suggsted after poor IFO Business Climate numbers Today focus will be at US Core Durable Goods numbers at 12:30 GMT The consensus is at -0.5%. On downside, as long as price trades below 1.4750 key Resistance the bias remains bearish in mid term and below 1.4670 eases price back towards 1.4620-10 previous bottom area and 1.4550 in longer term First Support stands at 1.4670 On the other side, a break above 1.4750 first Resistance moves price up to 1.4800-10 area over the next trading sessions- Strategy-neutral.
FXDREAM GBP/USD
Date: Wed, 27 August 2008 07:30:04
Resistance levels: 1.8480/1.8580/1.8600
Support levels: 1.8400/1.8330/1.8180
GBP/USD has fallen further down to 1.8330 lows yesterday No change in our view. On downside, the bias remians bearish with first Support at 1.8400 Below turns price back to 1.8330 yesterday lows later today and 1.8180 in longer term On the upside, first important Resistance comes near 1.8480 Beyond recovers price towards 1.8580 over today and tomorrow- Buy GBP/USD at 1.4860, Stop-loss-1.8420, Take profit-1.8540( 1.8580 )
FXDREAM USD/JPY
Date: Wed, 27 August 2008 07:30:03
Resistance levels: 109.50/110.00/110.40/110.70
Support levels: 109.10/108.90/108.40
USD/JPY has retested 109.10-00 our down target area once again over the last trading sessions exactly as it was suggested in our previous reports after the break below 109.50 previous key Support On the upside, first Resistance comes near 109.50 now Beyond turns price back to 110.00 and even 110.40 over today and tomorrow On downside, as long as price holds below 109.50 first immediate Resistance the bias remains negative for test towards 108.40-30 area- Strategy-neutral.
FXDREAM USD/CHF
Date: Wed, 27 August 2008 07:30:02
Resistance levels: 1.1000/1.1080/1.1100
Support levels: 1.0940/1.0900/1.0840
USD/CHF has reached 1.1085 high ( near 1.1100 our traget ) yesterday as it was suggested, falling back below 1.0970 over the last trading sessions On the upside, first Resistance comes at 1.1000 . Above may cause retest towards 1.1080 and 1.1100 later today and 1.1170 in mid term On downside, first key Support comes at 1.0940 Below may turn price directly to 1.0840 over the next couple of days- Strategy-neutral.
Published on Wed, Aug 27 2008, 07:43 GMT
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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.