Forex Market Outlook on Majors
——————————————————– INTRA-DAY GBP/USD OUTLOOK : 1.9838 Updating time : 28 Feb 2008 04:27 GMT As cable has moved higher after finding minor buying at 1.9812, suggesting the recovery fm 1.9791 (y’day’s low) may extend to 1.9850/60 but only abv 1.9880/85 wud signal the correction fm y’day’s high at 1.9972 has ‘possibly’ ended. Below 1.9812 wud yield another fall to 1.9791 n then 1.9770/75.
EUR/USD Daily Outlook
******************************************* INTRA-DAY EUR/USD OUTLOOK : 1.4989 Updating time :27 Feb 2008 04:40 GMT Euro’s retreat after brief bounce to 1.5010/15 suggests further consolidation below Australian high at 1.5050 is in store but as long as 1.4968 (prev. res) holds, upside bias remains for another rise to 1.5030 n then re-test of 1.5050. Remain as cautious buyer with stop as indicated n only below
EUR/USD Daily Outlook
******************************************* INTRA-DAY EUR/USD OUTLOOK : 1.5098 Updating time :28 Feb 2008 02:24 GMT Despite euro’s retreat fm y’day’s 1.5144 high, this move is viewed as a minor correction n reckon 1.5070/75 wud limit downside, yield rebound but a break abv 1.5121 (Aust.) is needed to signal upmove has resumed n bring re-test of 1.5144 1st. Buy on dips with stop as indicated n only below
Daily Forex Forecast
DAILY FX FORECASTS If you open a real account with our clearing broker FXCM LLC - New York reffered by us you will receive Free Forex Forecasts by FX Dream. For more information, please do not hesitate to contact us at contact@fxdream.com FXDREAM EUR/USD Date: Wed, 27 February 2008 13:10:05 Resistance levels: 1.5060/1.5100/1.5140 Support levels: 1.5000/1.4970/1.4910 EUR/USD has reached new record highsnear 1.5100 earlier today as it was suggested Today focus will be on US New Home Sales
EUR/USD daily outlook
The Euro advanced higher on yesterday and has cleared the key resistance formed at 1.4755, climbing all the way up to 1.4837 before starting to retrace back to 1.4800. Although the daily sentiment is bullish, an extended correction towards the 1.4750 zone seem possible before fresh bulls will emerge, potentially pushing the Euro higher into the second half of the 1.48 zone where it will face solid resistance formed by the 1.4850-60. Strong support is now formed in the 1.4750-60 area and while
Forecast on Forex Majors
AUDUSD Price: 0.9186 Resistance: 0.9207 … 0.9236 … 0.9265 … 0.9296 Support: 0.9165 … 0.9132 … 0.9099 … 0.9050 Bias: We should now see a retest of the 0.9236 area, a pullback and then gains to 0.9296-0.9321 Daily Bullish:
USD/JPY Daily Outlook
———————————————————— INTRA-DAY USD/JPY OUTLOOK : 107.26 Updating time :26 Feb 2008 23:10 GMT Dlr has remained under pressure after y’day’s selloff n the decline fm 108.23 shud resume twds 107.00, however, near term ‘loss of momentum’ wud prevent steep fall n reckon prev. sup at 106.71 wud limit downside in Asia, yield consolidation. Sell on recovery with stop as
EUR/USD Daily Outlook
******************************************* INTRA-DAY EUR/USD OUTLOOK : 1.4725 Updating time :20 Feb 2008 04:22 GMT Despite euro’s retreat fm y’day’s 1.4757 high, this move is viewed as a minor correction of recent upmove n reckon 1.4690/00 wud contain downside, yield rebound but a break abv said res is needed to extend gain twds 1.4786 ‘later’. Hold long with stop as indicated n only below 1.4665 (prev. res)
EUR/USD: Where next?
? The latest asymmetric response in EUR/USD to economic data releases has hinted at a certain fa-tigue with regard to poor US news and raised the question of whether a secular turn in EUR/USD has arrived. ? In this note we show that conventional wisdom as well as market positioning has turned in favour of USD. We also show, however, that while the arguments against the euro are stacking up it still seems pre-mature to become bullish on the dollar. Neither relative rates nor commodity prices
EUR/USD daily outlook
The Euro closed slightly higher versus the greenback on Friday after it ranged between the intra-day support 1.4790 and the resistance at 1.4860 which it has failed to break. Since the Euro failed to break higher on Friday, we believe that there is risk of a potential correction towards the mid 1.47 area before resuming the rally and focus on the 1.49 zone. While the Euro holds below 1.4860, such retracement seem highly possible if 1.4800 fails to hold. On the other side, if the resistance
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