Forex Signal 18 Sept 07

Tuesday September 18, 2007

Forex Signal

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.
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.
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
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.
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.
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.
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.
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.
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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