Daily Forex Forecast

By Jan 07, 2007 07:00PM ET

www.investing.com/analysis/technical/daily-forex-forecast-2258

Daily Forex Forecast

By | Jan 07, 2007 07:00PM ET

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FXDREAM EUR/USD
Date: Mon, 8 January 2007 13:10:05
Resistance levels: 1.3025/1.3080/1.3110
Support levels: 1.2973/1.2930/1.2900

EUR/USD has dropped down to 1.2973( just a shy away from 1.2960 suggestion) on Friday as NFP came out 167 K, better than anticipated. No important news today. The bias remains bearish for test of 1.2960 and 1.2930 key Support in the next trading sessions.. On the upside, first immedate Resistance comes at .1.3026 daily high. Trade from short side for test of 1.2930 over today and tomorrow.

Strategy-neutral.

FXDREAM GBP/USD
Date: Mon, 8 January 2007 13:10:04
Resistance levels: 1.9350/1.9435/1.9480
Support levels: 1.9254/1.9200/1.9160

GBP/USD has fallen sharply down to 1.9254 low on Friday after the key Jobless data Release as it was suggested. Our target at 1.9280 has been reached for 90 pip profit over our Short position. Price has remained below 1.9350 first immediate Restance earlier today. First Support now comes at 1.9290. A break below may send price lower to 1.9254 Friday bottom in near term and even lower down towards 1.9210-00 area. Trade a break below 1.9290 for test of 1.9210-00 area.

Strategy-neutral.

FXDREAM USD/JPY
Date: Mon, 8 January 2007 13:10:03
Resistance levels: 119.00/119.70
Support levels: 118.50/118.00/117.40

USD/JPY has risen to 119.00 after better than expected NFP Numbers from USA on Friday. Price has eased down below 118.50 again in Asia despite closed Japanese Market today. The bias remains bearish on Bank of Japan interest hike rumours. A break below 118.00-117.95 Support area would signal further decline down to 117.40 over the next couple of days. On the upside, retest of 119.00 may be seen. A break above 119.00 is likely to resume the uptrend towards 119.70 and higher towards 120.40 previous high in longer term.

Strategy-neutral.

FXDREAM USD/CHF
Date: Mon, 8 January 2007 13:10:02
Resistance levels: 1.2395/1.2440
Support levels: 1.2340/1.2270/1.2200

USD/CHF has risen sharply to 1.2390-2400 area on Friday after better than expected NFP Numbers as it was suggested. Price has retested these level earlier today.The bias remains bullish for test higher towards 1.2440 later today. On downside, first crucial Support comes at 1.2340. A break below may turn price back to 1.2271 Friday low. Trade from Long side for test of 1.2440 and higher.

Strategy-neutral.

FXDREAM EUR/JPY
Date: Mon, 8 January 2007 13:10:01
Resistance levels: 154.80/155.40/156.00
Support levels: 153.80/153.00/152.40

The Cross has fallen further down to 153.80 on Friday as it was suggested and even lower down to 153.64 low earlier today after Bank of Japan Interest hike rumours later this month. Today slight recovery has sent price up to 154.44. The bias remains bearish for test of 153.00 and 152.40 in mid term. On the other side, as long as price is above 153.80 further recovery towards 154.80 is possible. Stay aside for now, looking to buy on bottom formed.

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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Daily Forex Forecast

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