Daily Forex Forecast

By Apr 24, 2007 08:00PM ET

www.investing.com/analysis/%CE%91%CE%B3%CE%BF%CF%81%CE%AC-%CE%A3%CF%85%CE%BD%CE%B1%CE%BB%CE%BB%CE%AC%CE%B3%CE%BC%CE%B1%CF%84%CE%BF%CF%82:-to-eur-%CE%B4%CE%B9%CE%B1%CF%80%CF%81%CE%B1%CE%B3%CE%BC%CE%B1%CF%84%CE%B5%CF%8D%CE%B5%CF%84%CE%B1%CE%B9-%CF%85%CF%88%CE%B7%CE%BB%CF%8C%CF%84%CE%B5%CF%81%CE%B1---28-%CE%A3%CE%B5%CF%80%CF%84%CE%B5%CE%BC%CE%B2%CF%81%CE%AF%CE%BF%CF%85-2485

Daily Forex Forecast

By | Apr 24, 2007 08:00PM ET

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FXDREAM EUR/USD
Date: Wed, 25 April 2007 13:10:05
Resistance levels: 1.3670/1.3700/1.3750
Support levels: 1.3620/1.3585/1.3545

EUR/USD has risen further towards 1.3670 previous record high in the last trading sessions as it was suggested supported by slighly stronger than expected IFO Business Climate Index from Germany. Now markets are waiting for US Core Durable Goods and New Home Sales numbers. The US Core Durable Goods consensus is around 1.1%. If the number comes out at 1.0% or more negative further rally beyond 1.3660-70 previous record high area up to 1.3700 may be seen later today.. On downside, first minor Support comes at 1.3620 ahead of 1.3550 key one. If the number comes out at 3.0% or higher, ease back to 1.3610 and even 1.3585 is likely in near term. Look to buy on downsticks for test of 1.3670 and even higher towards 1.3700.

Strategy-neutral.

FXDREAM GBP/USD
Date: Wed, 25 April 2007 13:10:04
Resistance levels: 2.0060/2.0100/2.0130
Support levels: 2.0010/1.9985/1.9950

GBP/USD has remained strong retesting 2.0061 high ( just a shy away from our first target) earlier today after strong UK GDP Numbers. .Now markets are waiting for the US Core Durable Goods at 12:30 GMT and New Home Sales at 14:00 GMT. The uptrend for retest of 2.0130 high in mid term and 2.0200 target in longer term remains intact as long as price is above 1.9950 strong Support Soft US data may boost price higher for test of 2.0100 and 2.0130 record high over today and tomorrow. On the other side, stronger than expected data from USA may turn price back to 2.000-1.9985 area in the next trading sessions.50 . .Stay Long for retest of 2.0100 and 2.0130 record high over the next couple of days.

Holding GBP/USD Long at 2.0000, Stop-loss-2.0010( up from 1.9965),Take profit-2.0070(2.0120)

FXDREAM USD/JPY
Date: Wed, 25 April 2007 13:10:03
Resistance levels: 119.00/119.50/119.70
Support levels: 118.20/117.60/117.00

USD/JPY has retested 118.25-20 Support area in Asia, currently still trading in the 118.25-119.00 range. A break beyond 119.00 first Resistance may open territory for further rally towards 119.50 and 119.70 over the next trading days.. On the other side, a break below 118.20 low may send price down to 117.60 Friday bottom and even 117.00 over the next trading days.

Strategy-neutral.

FXDREAM USD/CHF
Date: Wed, 25 April 2007 13:10:02
Resistance levels: 1.2050/1.2090/1.2130
Support levels: 1.2000/1.1980/1.1950

USD/CHF has fallen below 1.2000 Support and previous bottom in Asia as it was suggested. No change in our view. The bias remains bearish for further fall down towards 1.1980 in short term and 1.1900 over the next trading sessions. On the other side, as long as price is above 1.1995-80 region, rebound back towards 1.2070 and 1.2090 may be seen later today before the next downwave towards 1.1900 and lower.

Strategy-neutral.

FXDREAM EUR/JPY
Date: Wed, 25 April 2007 13:10:01
Resistance levels: 162.10/162.40
Support levels: 161.40/161.00/160.50

The Cross has risen beyond 161.80 first previous Resistance earlier today as it was suggested.. As long as price is above 161.00 further rally towards 162.36 record high is possible in the next trading sessions. On the other side, first Support comes around 161.40 Below may turn price back towards 160.20 previous bottom.

Strategy-neutral.

Daily Technical Strategy By Lloyds TSB Corporate Markets - Jan 05, 2009

EUR/USD:Broader themes may have to take a back seat for a couple of weeks, but the bias remains broadly dollar negative. Re-try a small buy against 1.3430 support, stop 1.3380,...

Technical oscillators supporting the~bullish trend for the USD/CHF... By Finotec - Jan 05, 2009

USD/CHF – Market strategy is bullish, buying from the 1.1180~levelUSD/CHF-market strategy can be a buy from the level 1.1180Technical oscillators supporting the bullish trend...

January 06 analysis By Investija - Jan 05, 2009

In this PDF you will find the latest technical analysis published by Forex Trends

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Central Banks

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4.50%

Mar 19, 2025

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2.90%

Mar 06, 2025

BOE

4.50%

Mar 20, 2025

SNB

0.50%

Mar 20, 2025

RBA

4.10%

Apr 01, 2025

BOC

3.00%

Mar 12, 2025

RBNZ

3.75%

Apr 09, 2025

BOJ

0.50%

Mar 19, 2025

CBR

21.00%

Mar 21, 2025

RBI

6.25%

Mar 10, 2025

PBOC

3.10%

BCB

13.25%

Mar 19, 2025

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Daily Forex Forecast

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