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Daily Forex Forecast

By Mar 21, 2007 08:00PM ET
www.investing.com/analysis/technical/daily-forex-forecast-2369
Daily Forex Forecast
By   |  Mar 21, 2007 08:00PM ET
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FXDREAM EUR/USD
Date: Thu, 22 March 2007 13:10:05
Resistance levels: 1.3410/1.3450/1.3480
Support levels: 1.3340/1.3300/1.3270

EUR/USD has eased down to 1.3331 low earlier today on loss of momentum and soft fundamental data from the Eurozone. The bias remains positive in mid and longer term with next important target at 1.3480. First Resistance comes around 1.3410 Asia high. On downside, first Support comes around 1.3340 ahead of 1.3300 psychological level. Look to buy on downsticks for test of 1.3480 till the end of the week..

Strategy-neutral.

FXDREAM GBP/USD
Date: Thu, 22 March 2007 13:10:04
Resistance levels: 1.9730/1.9750/1.9800
Support levels: 1.9660/1.9600/1.9550

GBP/USD has tested 1.9730 first Resisatnce as UK Retail Sales came out 1.4%, stronger than expected. Our Long position has been stopped at entry price as price has failed to benetrate beyond 1.9730-50 strong Resistance region earlier today. The uptrend remains intact for retest of 1.9730-50 area and even higher towards 1.9800 till the end of the week. On the other side, first minor Support comes around 1.9660 ahead of 1.9600 key one.

Strategy-neutral

FXDREAM USD/JPY
Date: Thu, 22 March 2007 13:10:03
Resistance levels: 118.00/118.50/119.00
Support levels: 117.50/116.90/116.50

USD/JPY has risen to 117.90-118.00 strong Resisatnce area. The bias remains neutral currently as long as price is below 118.00. A break beyond 118.00 is needed for resuming the uptrend towards 118.50 and 119.00. On the other side, first minor Support comes around 117.50 ahead of 117.00-116.90 stronger one area.

Strategy-neutral.

FXDREAM USD/CHF
Date: Thu, 22 March 2007 13:10:02
Resistance levels: 1.2140/1.2165/1.2190
Support levels: 1.2080/1.2030/1.1980

USD/CHF has remained above 1.2080-75 first Support earlier today. The bias remains bearish and further fall towards 1.2050 and even 1.2028 Friday bottom is not ruled out over the next trading sessions . The downside target is at 1.1980. On the upside, 1.2165 yestrerday high provides strong Resistance for now. Stand aside for now.
.
Strategy-neutral.

FXDREAM EUR/JPY
Date: Thu, 22 March 2007 13:10:01
Resistance levels: 157.50/158.00
Support levels: 156.80/156.30/155.50

The Cross has eased back towards 156.80 immediate Support in Asia, reversing towards 157.50 yesterday high earlier today as it was suggested. The uptrend remains intact in mid term and longer term for test of 158.00. First Resistance comes at 157.50. On downside, below 156.90 may turn price back to 156.00 over today and tomorrow.

Strategy-neutral.

Daily Forex Forecast
 

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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,...

Daily Forex Forecast

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