Forex Signal 16 October 07




EUR-USD
1.4205. A correction down to 1.4164 folowed buy a mouve up to 1.4224 or 1.4245. A break above 1.4284 would accelerate this bullish move.
USD-CHF
1.1808. Market should pop up towards 1.1852 or 1.1897 this bullish scenario would be damaged if 1.1796 - 1.1788 zone is broken, a severe break down could then occur.
USD-JPY
117.39. While below 117.48 - 117.67 it might drop to 117.02 or below 116.65 zone.
GBP-USD
2.0430. Current rise seems to be over near 2.0434 or 2.0472 for a retracement towards 2.0396 - 2.0375 area.
EUR-CHF
1.6774. N/A
EUR-JPY
166.75. It looks more likely that it would rise to 167.55 from 166.53 or 166.12. After which a downside move is expected.
EUR-GBP
0.6953. Market should meet resistance at 0.6963. We expect then an extended move down to 0.6948 -0.6923 area.
AUD-USD
0.8989. Prefer a fall to 0.8974 or 0.8939. Then a correction to 0.9034 is anticipated. A clear break of 0.8890 is again bearish.
USD-CAD
0.9766. It should be subject to more sell off towards 0.9723 or 0.9679. Corrective upward swings should face resistance around 0.9813 area. A break of 0.9808 is bullish.



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