Forex Signal

Last Edited :
11 January 2008



Daily Market Comment

EUR-USD
1.4804. Current rise seems to be over near 1.4809 or 1.4865 for a retracement towards 1.4753 - 1.4723 area.
USD-CHF
1.1035. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.0996 or 1.0969. Major support is clustered around 1.0927 limit.
USD-JPY
109.33. While above 109.22 - 108.93 zone a corrective dip could test 109.51 or 109.72 or 109.92. After which it should resume his downtrend.
GBP-USD
1.9615. It should test 1.9633 area after which a sell off down to 1.9547 or extended to 1.9479 area is expected.
EUR-CHF
1.6334. It is likely to fall towards 1.6241 unless a corrective rally breaks the 1.6359 resistance. Stop above 1.6382 zone.
EUR-JPY
161.87. Current rise seems to be over near 162.03 or 162.52 for a retracement towards 161.55 - 161.23 area.
EUR-GBP
0.7548. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7587 or 0.7628 if support around 0.7526 hold. After which a pullback to 0.7526 - 0.7506 zone is possible.
AUD-USD
0.8954. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.9028 or 0.9079 if support around 0.8914 hold. After which a pullback to 0.8914 - 0.8883 zone is possible.
USD-CAD
1.0102. Strength can extend to 1.0127 or even higher than 1.0151 as declines are expected to find support at 1.0077 or 1.0052. Stop Loss below 1.0003 zone.


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