Daily Forex Forecast

By Nov 08, 2006 07:00PM ET

www.investing.com/analysis/technical/daily-forex-forecast-2212

Daily Forex Forecast

By | Nov 08, 2006 07:00PM ET

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FXDREAM EUR/USD
Date: Thu, 9 November 2006 13:10:05
Resistance levels: 1.2810/1.2830/1.2875
Support levels: 1.2750/1.2725/1.2680

EUR/USD has risen to 1.2800 after London Opening earlier today. The bias remains positive for retest of 1.2830 at least later today. Today focus will be on US Trade Balance at 13:30 GMTin few minutes. If the number come out at minus 70 bln or more negative we may see price surging beyond 1.2830 to 1.2850 later today On the other side, if US Trade Deficit number come out at -63 or less negative, price may retest 1.2750-40 Support area again later today. Look to buy on negative data for retest of 1.2830 ,giving scope for further rise towards 1.2875 over today and tomorrow..
.
Strategy-neutral.

FXDREAM GBP/USD
Date: Thu, 9 November 2006 13:10:04
Resistance levels: 1.9100/1.9142
Support levels: 1.9020/1.9000/1.8950

GBP/USD has fallen back below 1.9025 Asia bottom in the last trading hour after Bank of England expected interest rate hike to 5.00% earlier today. Now the next direction will depends on US Trade Deficit Numbers at 13:30 GMT. Weak data may boost price again for retest of 1.9120 and even 1.9138-46 area later today. On the other side, sharp drop down towards 1.8950 bottom also is possible on stronger than expected numbers. Look to sell a break below 1.9020 on strong data from USA for test of 1.8950.

Strategy-neutral.

FXDREAM USD/JPY
Date: Thu, 9 November 2006 13:10:03
Resistance levels: 118.20/118.50/118.75
Support levels: 117.80/117.35/117.00

USD/JPY has tested 118.20 first minor Resistance earlier today ahead of US Trade Balance numbers today. Now the next directions in short term will depends on that event. Strong data from USA may boost price towards 118.50 at least in short term and even 118.75. On the other side, a break below 118.00 again may turn price down to 117.35 in the next trading sessions.

Strategy-neutral.

FXDREAM USD/CHF
Date: Thu, 9 November 2006 13:10:02
Resistance levels: 1.2545/1.2580/1.2625
Support levels: 1.2470/1.2440/1.2403

USD/CHF has fallen slightly below 1.2490 previous immedaite Support ahead of US Trade Balance Numbers at 13:30 GMT. Soft data from USA may push price lower to 1.2403 bottom in the next trading sessions. On the other side, a break above 1.2500 again on strong US Data may reverse price for test of 1.2545-50 area. Trade from short side for test of 1.2403 bottom.

Sell USD/CHF at 1.2468,Stop-loss-1.2500,Take profit-1.2415(1.2370)

FXDREAM EUR/JPY
Date: Thu, 9 November 2006 13:10:01
Resistance levels: 151.30/151.70
Support levels: 150.70/150.15/149.80

The Cross has surged sharply for test of 151.30 target after London Opening earlier today. The bias remains bullish and further rally is likely to be seen over the next trading days with next target at 151.70. On downside, first Support comes in the 150.70-65 previous record high area ahead of 150.15 down range limit. Look to buy again on pullback for test of 151.30 and 151.70.

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

Interest Rates

Next Meeting

FED

3.75%

Jan 26, 2026

ECB

2.15%

Feb 05, 2026

BOE

3.75%

Feb 05, 2026

SNB

0.00%

Mar 19, 2026

RBA

3.60%

Feb 03, 2026

BOC

2.25%

Jan 28, 2026

RBNZ

2.25%

Feb 18, 2026

BOJ

0.75%

Jan 23, 2026

CBR

16.00%

Dec 19, 2025

RBI

5.25%

Feb 06, 2026

PBOC

3.00%

BCB

15.00%

Dec 10, 2025

US 30	48,406.0	+43.3	+0.09%
US 500	6,902.9	+24.4	+0.35%
Dow Jones	48,442.41	+79.73	+0.16%
S&P 500	6,905.00	+26.51	+0.39%
Nasdaq	23,561.84	+133.01	+0.57%
S&P 500 VIX	14.00	-0.08	-0.57%
Dollar Index	97.63	-0.33	-0.34%

Crude Oil WTI	58.49	+0.48	+0.83%
Brent Oil	62.49	+0.42	+0.68%
Natural Gas	4.409	+0.444	+11.20%
Gold	4,519.25	+49.85	+1.12%
Silver	71.565	+3.000	+4.38%
Copper	5.5653	+0.0558	+1.01%
US Soybeans	1,050.63	-2.38	-0.23%

U.S. 10Y	4.165	-0.004	-0.10%
U.S. 30Y	4.824	-0.019	-0.39%
U.S. 5Y	3.737	+0.019	+0.51%
U.S. 3M	3.645	+0.025	+0.69%
US 10Y T-Note	112.30	-0.05	-0.04%
Euro Bund	127.43	+0.47	+0.37%
10-2 Yield Spread	31.32	+4.15	+15.27%

Apple	272.36	+1.39	+0.51%
NVIDIA	189.21	+5.52	+3.01%
Alphabet A	314.31	+4.53	+1.46%
Tesla	485.56	-3.17	-0.65%
Amazon.com	232.14	+3.71	+1.62%
Netflix	93.48	+0.25	+0.27%
Meta Platforms	664.84	+3.34	+0.50%

Daily Forex Forecast

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