Forex Signal 18 Sept 07

Tuesday September 18, 2007

Forex Signal

EUR-USD
1.3867. One more dip to 1.3847 is likely followed by a grind higher to above 1.3878. After which it can resume his downtrend.
USD-CHF
1.1870. Preferred outlook is for a drift down to below 1.1821. Resistances are at 1.187 and 1.1873. A rise above 1.18970 would delay but not abort this expected fall.
USD-JPY
115.11. Difficult to predict the next move. If first down it should hold 114.89 or 114.72 to 115.43. If first up it should face resistance in 115.24 - 115.43 zone to 114.72 zone
GBP-USD
1.9947. It may meet resistance in 1.9947 - 1.9985 zone for a drift down to 1.9832 zone, after which bounce to 2.0020 is anticipated.
EUR-CHF
1.6460. One more dip to 1.6436 or 1.6412 is likely followed by a grind higher to above 1.6476 or 1.6516. After which it can resume its downtrend.
EUR-JPY
159.63. It should trade higher to above 160.20 while 159.60 offer support. Minor support at 159.04. Stop Loss below 158.44 zone.
EUR-GBP
0.6952. A correction down to 0.6918 folowed buy a mouve up to 0.6957 or 0.6974. A break above 0.6995 would accelerate this bullish move.
AUD-USD
0.8336. There is bearish potential for a fall to 0.8278 or 0.8221 while 0.8398 - 0.8426 resist. After this fall a recovery up to 0.8398 or 0.8426 is expected.
USD-CAD
1.0277. Market should hold major support at 1.0215 before rising towards 1.0313 or even 1.0350 limit.


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From : Realtimeforex

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