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Daily Forex Forecast
Mon, Sep 8 2008, 08:00 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: Mon, 8 September 2008 07:30:05
Resistance levels: 1.4370/1.4430/1.4500
Support levels: 1.4300/1.4270/1.4220
EUR/USD has tested 1.4200 new lows on Friday after US Non Farm Payroll numbers Realease, reversing to 1.4425 high over the last trdaing hours o important fundamental news today On downside, below 1.4300 may turn price back towards 1.4220 later today On the upside, first Resistance comes near 1.4370 Beyond recovers price further to 1.4430 and 1.4500 over the next couple of days- Strategy-neutral.
FXDREAM GBP/USD
Date: Mon, 8 September 2008 07:30:04
Resistance levels: 1.7870/1.7940/1.7970
Support levels: 1.7750/1.7680/1.7610
GBP/USD has recovered heavily to 1.7740 on Friday exactly as it was suggested, opening beyond 1.7900 earlier today On the upside, as long as price holds above 1.7750 first important Support an upmove towards 1.7940 is possible later today First Resistance comes at 1.7870 On downside, below 1.7750 turns price back towards 1.7680 and even 1.7620-10 area in mid term- Strategy-neutral.
FXDREAM USD/JPY
Date: Mon, 8 September 2008 07:30:03
Resistance levels: 109.00/109.40/109.90
Support levels: 108.40/107.80/107.00
USD/JPY has fallen below 105.70 our first target on Friday after worse than expected US Jobless data , reversing heavily beyond 107.00 over the last trading sessions We have booked 60 pip profit for the first part of our Short position. The rest of the position has been stopped at entry price Above 109.00 first Resistance moves price for test of 109.40 in short term and even 109.90 over the next trading sessions On downside, below 108.40 first Support eases price to 107.80 key Support- Buy USD/JPY at 108.80, Stop-loss-108.40, Take profit-109.40(109.90)
FXDREAM USD/CHF
Date: Mon, 8 September 2008 07:30:02
Resistance levels: 1.1200/1.1270/1.1300
Support levels: 1.1130/1.1080/1.1010
USD/CHF has spiked below 1.1080 after US Non Farm Payrolls Release, turning back towards 1.1200 over the last trading sessions On the upside, first crucial Resistance comes near 1.1200 Beyond boosts price further higher towards 1.1270 and 1.1300 over today and tomorrow On downside, first Support stands near 1.1130 Below turns price back to 1.1080-70 region later today- Strategy-neutral.
FXDREAM EUR/JPY
Date: Mon, 8 September 2008 07:30:01
Resistance levels: 156.00/157.00/157.70
Support levels: 155.00/154.20/153.70
The Cross has recovered to 153.60 our first up suggestion on Friday, opening directly at 157.00 in Asia today As long as price holds above 155.05-00 first Support area there are chances of further recovery towards 157.70 over today and tomorrow First Resistance comes at 156.00 ahead of 157.00 crucial one. On downside, below 155.00 eases price to 154.20 later today and 153.70 gap over the next trading sessions- Strategy-neutral.
Published on Mon, Sep 8 2008, 08:02 GMT
Archive
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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.
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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.