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Forex Trading

DAILY DAILY FX FORECASTS BY FX DREAM

*Last Updated November 10, 2006, 6:18 am

Daily report by Fx Dream

Website: http://www.fxdream.com

Email: contact@fxdream.com

DAILY FX FORECASTS

FXDREAM EUR/USD

Date: Fri, 10 November 2006 13:10:04
Resistance levels: 1.2900/1.2940
Support levels: 1.2830/1.2780/1.2750
EUR/USD has risen further up towads 1.2900 after London Opening earlier today. The bias remains positive for test higher towards 1.2900 and 1.2938 previous high in mid term. Focus today is Bernanke and Trichet Speech in USA later today at 13:45 GMT. First immediate Support comes at 1.2830 now ahead of 1.2780 stronger one. Look to buy again on downsticks for test of 1.2938.

Strategy-neutral.

FXDREAM GBP/USD

Date: Fri, 10 November 2006 13:10:04
Resistance levels: 1.9180/1.9220/1.9280
Support levels: 1.9100/1.9050/1.8980

GBP/USD has risen further exactly to 1.9180 our second target as it was suggested. We have booked 100 pips profit over our Long position entered earlier today Today focus will be on Trichet/Bernanke Speech in USA later today at 13:45 GMT. Now 1.9220 target may be set for the pair. On downside, first Support comes at 1.9100 now ahead of 1.9050 next one. Trade from Long side for test of 1.9220.

Holding GBP/USD Long at 1.9080,Stop-loss-1.9040,Take profit-1.9138(1.9180)

FXDREAM USD/JPY

Date: Fri, 10 November 2006 13:10:04
Resistance levels: 117.80/118.20/118.50
Support levels: 117.35/117.00/116.57

USD/JPY has reversed back to 117.35 in Asia as it was suggseted after break below 117.80 previous important level. As long as price is below 117.80 another downwave to 117.00 may be seen in near term and 116.57 bottom retest in mid-term. On the other side, a break beyond 117.80 is needed for retest of 118.50-53 highs again. Trade from Short side as long as price is below 117.80

Strategy-neutral.



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