FXstreet.com

This report has been deactivated

0

0

Daily Forex Forecast

Thu, Sep 11 2008, 07:35 GMT
by FXDream Team

FXDream


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.com
  • DAILY FX FORECASTS


  • FXDREAM EUR/USD
    Date: Thu, 11 September 2008 07:30:05
    Resistance levels: 1.3970/1.4000/1.4050
    Support levels: 1.3930/1.3850/1.3800
    EUR/USD has fallen further heavily to 1.3930 lows yesterday after the break below 1.4100 previous Support and Trichet Speech Today focuw will be on US Trade Deficit Numbers at 12:30 GMT On downside, the bias remains bearish with next targets at 1.3850 nad 1.3800 First Support comes near 1.3930 bottom Below lead price further down to 1.3850 On the upside, first minor Resistance stands at 1.3970, however, a beak above 1.4000 is needed to signal recovery towards 1.4050-70 area
  • Strategy-neutral.

  • FXDREAM GBP/USD
    Date: Thu, 11 September 2008 07:30:04
    Resistance levels: 1.7550/1.7630/1.7670
    Support levels: 1.7470/1.7400/1.7250
    GBP/USD has retested 1.7470 previous lows over the last trading sessions ( below 1.7500 our down target )on the break below 1.7600 previous Support exactly as it was suggested The bias remains bearish and below 1.7470 double bottom formed further ease to 1.7400 latr today and 1.7250 in longer term may be seen On the upside, first Resistance comes near 1.7550 Above recovers price towards 1.7620-30 area later today and 1.7670 in mid term
  • Strategy-neutral.

  • FXDREAM USD/JPY
    Date: Thu, 11 September 2008 07:30:03
    Resistance levels: 108.00/108.60/109.00
    Support levels: 107.00/106.70/106.20
    USD/JPY has found Support near 106.70 previous lows over the last trading sessions as price has failed to break above 108.00. No change in our view. The bias remains bearish and below 107.00 first minor Support reverses price down towards 106.20 over today and tomorrow On the upside, there is strong Resistance at 108.00 A break above that levels is required for reversal in the bias and test towards 108.60 and 109.00
  • Strategy-neutral.

  • FXDREAM USD/CHF
    Date: Thu, 11 September 2008 07:30:02
    Resistance levels: 1.1400/1.1450/1.1560
    Support levels: 1.1350/1.1300/1.1220
    USD/CHF has reached new highs at 1.1400 ( beyond 1.1370 our target )over the last trading sessions after the rise above 1.1300 as it was suggested in our previous report. The uptend remains intact and above 1.1400 first Resistance opens territory for test towads 1.1470 nad even 1.1560 over today and tomorrow On downside, first Support comes at 1.1350 Below turns price back to 1.1300 later today
  • Strategy-neutral.

  • FXDREAM EUR/JPY
    Date: Thu, 11 September 2008 07:30:01
    Resistance levels: 150.00/150.50/151.00
    Support levels: 149.25/148.00/147.50
    The Cross has reached new lows at 149.30 ( below 150.00 our down target) over the last trading sessions after the break below 151.00 previous key Support as it was suggested. The bias remians bearish now and below 149.25 crucial Support lead price directlt towards 148.00 and even 147.50 in mid term On the upside, first minor Resistance comes at 150.00 Above causes pullback up to 150.50-60 area later oday
  • Strategy-neutral.

Archive

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!


FOREX.com
Contact the broker/FDM
Open a demo account
MG Financial Group
Contact the broker/FDM
Open a demo account
GFT
Contact the broker/FDM
Open a demo account
MIG INVESTMENTS SA
Contact the broker/FDM
Open a demo account
Saxo Bank A/S
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

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.

©2009 "FXstreet.com. The Forex Market" All Rights Reserved.