Forex Signal - 24 October 07




EUR-USD
It should be subject to more sell off towards 1.4196 or 1.413. Corrective upward swings should face resistance around 1.4339 area. A break of 1.4325 is bullish.
USD-CHF
It looks more likely that it would rise to above 1.1759 or 1.1777 from 1.1718 or 1.1695. After which a downside move to below 1.1658 is expected.
USD-JPY
It should trade lower to 113.81. Resistances are at 114.66 and 114.9. A break of 115.14 is bullish.confirmed by a close above 115.1 limit.
GBP-USD
It should be subject to more sell off towards 2.0371 or 2.0231. Corrective upward swings should face resistance around 2.0707 area. A break of 2.06205 is bullish.
EUR-CHF
It should trade higher to 1.676 while 1.6714 or 1.6701 offers support. Stop loss below 1.6687 zone.
EUR-GBP
Downtrend is still intact.It should continue to fall to 0.695 or 0.6939 if resistance at 0.696 area doesnt break . Direct rise above 0.696 could turn the picture bullish for a corrective up move to 0.6968 or even 0.6976 limit .
AUD-USD
Currently uptrend should end around 0.8988 - 0.903 area. A correction down to below 0.8898 is expected. A rise above 0.9075 will abort the expected correction.
USD-CAD
There is bearish potential for a fall to 0.9598 while 0.9695 - 0.9729 resist. After this fall a recovery up to 0.9729 or 0.9763 is expected.


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