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 November 28, 2006, 8:31 am

Daily report by Fx Dream

DAILY FX FORECASTS

FXDREAM EUR/USD

Date: Tue, 28 November 2006 13:10:02
Resistance levels: 1.3170/1.3200/1.3240
Support levels: 1.3100/1.3070/1.3040
EUR/USD has risen for towards 1.3165 high after strong Gfk Consumer Survey from Germany earlier today Now focus will be on US Core Durable Goods numbers at 13:30 GMT and then US Existing Homes Sales and Consumer Confidence at 15:00 GMT. If Core Durable Goods numbers comes out at -0.5% or more negative it would be bullish for the pair sending price towards 1.3200 and 1.3240 later today. On the other side, Number at 1.0% or higher may ease price down towards 1.3070 key Support in near term. Later US Consumer Confidence at 107.00 or higher is likely to cause deeper correction later today. On the upside, number below 105.00 would be bullish signal and we may see test of 1.3240 over the next trading sessions. Buy a break above 1.3160 on weak data from USA for test of 1.3240.

Strategy-neutral.

FXDREAM GBP/USD

Date: Tue, 28 November 2006 13:10:01
Resistance levels: 1.9460/1.9500/1.9550
Support levels: 1.9390/1.9340/1.9290

GBP/USD has risen beyond 1.9460 earlier today. The bias remains bullish for test of 1.9500 and 1.9550 record level later today and tomorrow. On the other side, first minor Support comes at 1.9390 previous Resistance . A break below may cause deeper recovery towards 1.9300-9290 area on strong data and news from USA . Look to buy again for test of 1.9550 record level on poor data from USA later today.

Buy GBP/USD at 1.9460,Stop-loss-1.9420,Take profit-1.9540(1.9580)

FXDREAM USD/JPY

Date: Tue, 28 November 2006 13:10:02
Resistance levels: 116.50/117.00
Support levels: 115.85/115.40/115.10

USD/JPY has remained ranged between 115.90-85 first Support area and 116.50 first Resistance one more session. The bias remains bearish for retest of 115.40 bottom and even lower towards 115.10 in mid term. On the upside, first Resistance comes at 116.50 now. Only a break above may cause deeper recovery towards 117.35 in the next days supported by strong data from USA. Sell for test of 115.85 and 115.40 on poor data from USA later today or buy a break beyond 116.50 on strong data from USA for test of 117.00 and 117.35.

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