forexchartsnow.com, Free forex trend signal charts, 4 major currency pairs, 30 min and 15 charts updated on a 5 minute basis during normal trading hours and a forex forum.

DAILY DAILY FX FORECASTS BY FX DREAM

*Last Updated July 31, 2006, 7:00 am

Daily report by Fx Dream

DAILY FX FORECASTS

FXDREAM EUR/USD

Date: Mon, 31 July 2006 13:10:01
Resistance levels: 1.2772/1.2825/1.2860
Support levels: 1.2740/1.2710/1.2660
EUR/USD has broken 1.2770-72 first Resistance and previous highs as it was suggested in our previous report. No important fundamental news today. The sentiment remains positive and a break above 1.2770-72 later today may lead price higher towards 1.2825 and 1.2860. On downside, first crucial Support comes in the 1.2740-35 region ahead of 1.2660 key one. Look to buy on breakout above 1.2770 for test of 1.2825 and 1.2860 or buy downsticks towards 1.2710 for retest of 1.2770 and higher towards 1.2825. As soon as price touches 1.2812 move stop-loss higher to entry price.

Holding EUR/USD Long at 1.2772,Stop-loss-1.2737,Take profit-1.2825(1.2855)

FXDREAM GBP/USD

Date: Mon, 31 July 2006 13:10:01
Resistance levels: 1.8675/1.8735/1.8760
Support levels: 1.8610/1.8550/1.8520

GBP/USD has remained unchanged in the early morning European trade unable to rise above 1.8675 previous highs. The bias remains bullish for test of 1.8735 or even 1.8760 later today. A break above 1.8672-78 region will be sign for such a scenario. On downside, first immediate Support lies in the 1.8610-00 area ahead of 1.8550-40 key one. Look to buy on a break above 1.8675 for test of 1.8735 and 1.8760 later today. In longer term, 1.8850 target may be set for the current week.We have released 90 pip profit on our hedged USD/CHF entered at 1.2390

Strategy-neutral.

FXDREAM USD/JPY

Date: Mon, 31 July 2006 13:10:01
Resistance levels: 114.90/115.30/116.00
Support levels: 114.10/113.90/113.40

USD/JPY has eased further for test of 113.90 crucial Support later today. First immediate Support comes at 114.10. In longer term, 113.40 previous lows may be tested later this week. First strong Resistance lies in the 114.80-90 region. Look to sell on a break below 114.10 for test of 113.40.

Strategy-neutral.

Fx-charts.com Disclaimer: The information contained on this website is subject to change without notice, views and opinions expressed on fx-charts.com may be those of individual authors and may not necessarily be the views of fx-charts.com or its officers and employees, we make no claim to the accuracy or timeliness of any information contained herein. We recommend obtaining advice from a suitably qualified financial advisor before entering into any financial transactions or agreements. The use of this website constitutes acceptance of our privacy policy, disclaimer and terms of use. This website is available for information and educational purposes only.


	Copyright 2010 forexchartsnow.com. All rights reserved Web Hosting by d9x, Brisbane Web Design by RJF Interactive