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Daily Forex Forecast

Thu, Aug 28 2008, 07:45 GMT
by FXDream Team

FXDream

• DAILY FX FORECASTS 

• 
  FXDREAM EUR/USD
  Date: Thu, 28 August 2008 07:30:05
  Resistance levels: 1.4800/1.4870/1.4900
  Support levels: 1.4740/1.4670/1.4610/1.4550
  EUR/USD has risen to 1.4800-10 our target area and earlier today as it was suggsted after pullbackl down to 1.4670 Support on better than expected US Durable Goods numbers yesterday Today focus will be at US GDP numbers at 12:30 GMT The consensus is at 2.7%. Use 0.3% deviation On downside, below 1.4740 first Support turns price back to 1.4670 and even towards 1.4620-10 previous bottom area later today if the number comes out at 3.0% or higher On the other side, a break above 1.4800-10 area sends price higher towards 1.4900 over the next trading sessions
• Strategy-neutral.
• 
  FXDREAM GBP/USD
  Date: Thu, 28 August 2008 07:30:04
  Resistance levels: 1.8400/1.8480/1.8580
  Support levels: 1.8300/1.8250/1.8180
  GBP/USD has fallen further below 1.8300 yesterday after failing to penetrate beyond 1.8480 key Resistance Unfortunately, our Long position has been stopped with small 40 pip loss No change in our view. On downside, the bias remians bearish for retest of 1.8300-1.8280 yesterday lows area later today and 1.8180 in mid term On the upside, first important Resistance comes near 1.8400 Beyond recovers price towards 1.8480 later today on poor US GDP data
• Strategy-neutral.
• 
  FXDREAM USD/JPY
  Date: Thu, 28 August 2008 07:30:03
  Resistance levels: 109.50/110.00/110.40/110.70
  Support levels: 108.90/108.40/108.00
  USD/JPY has reached 110.00 our firts up target yesterday as it was suggested after better than expected fundamental data from USA On the upside, first Resistance comes near 109.50 now Beyond turns price back to 110.00 and even 110.40 later today On downside, as long as price holds below 109.50 first immediate Resistance the bias remains negative for test towards 108.40-30 area later today on poor US GDP numbers at 12:30 GMT
• Strategy-neutral.
• 
  FXDREAM USD/CHF
  Date: Thu, 28 August 2008 07:30:02
  Resistance levels: 1.0960/1.1030/1.1080
  Support levels: 1.0900/1.0840/1.0800
  USD/CHF has risen beyond 1.1000 yesterday after US Durable Goods numbers , easing back towards 1.0900 over the last trading sessions On the upside, first Resistance comes at 1.0960 . Above may cause retest towards 1.1030 and 1.1080 levels later today on better than expected data from USA On downside, first key Support comes at 1.0900 Below may turn price directly to 1.0840 over the next trading sessions
• Strategy-neutral.
• 
  FXDREAM EUR/JPY
  Date: Thu, 28 August 2008 07:30:01
  Resistance levels: 161.30/162.00/162.40
  Support levels: 160.20/159.00/158.60
  The Cross has recovered beyond 161.80 our up target over the last trading sessions exactly as it was suggested in our previous report Now on the downside, the bias remains bearish for retest of 160.20-00 region and even 158.60 in longer term First immediate Support comes at 160.20 On the other side, first immediate Resistance comes at 161.30 Above that level turns price back to 162.00 yesterday highs over today and tomorrow
• Strategy-neutral.

Published on  Thu, Aug 28 2008, 07:46 GMT