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 October 26, 2006, 6:37 am

Daily report by Fx Dream

DAILY FX FORECASTS

FXDREAM EUR/USD

Date: Thu, 26 October 2006 13:10:01
Resistance levels: 1.2670/1.2700/1.2725
Support levels: 1.2625/1.2580/1.2535
EUR/USD has risen further towards 1.2670 earlier today as it was suggested. Now markets are focused on US Durable Goods core number at 12;30 GMT expected at 1.0%. and US New Home Sales with conesesus at 1040 K. If US Durable Goods Core number fall to 0.5% or below we may see EUR/USD rising further towards 1.2700-25 area later today. First immediate Resistance comes at 1.2670. On the other side, US Durable Goods Core number at 1.5% or higher may turn price back towards 1.2600 later today. Look to buy on pullback for test of 1.2700 and 1.2760 in longer term.

Strategy-neutral.

FXDREAM GBP/USD

Date: Thu, 26 October 2006 13:10:01
Resistance levels: 1.8860/1.8900/1.8918
Support levels: 1.8780/1.8740/1.8670

GBP/USD has risen further to 1.8851 after London Opening earlier today. Now the next direction in short term will depends on US Durable Goods and New Home Sales data later today at 12:30 GMT and 14:00 GMT. Strong data may turn price back towards 1.8780-75 area later today. First immediate Support comes at 1.8810. On the other side, the uptrend towards 1.8918 at least remains intact and 1.8900 level may be tested later today on soft data from USA. Stay Long for retest of 1.8860 and 1.8900-18 area , or look to buy on pullback below 1.8800 for test of 1.8900 tomorrow.

Strategy-neutral.

FXDREAM USD/JPY

Date: Thu, 26 October 2006 13:10:01
Resistance levels: 119.43/119.65/120.00
Support levels: 118.55/118.40/118.00

USD/JPY has fallen further down to 118.55 earlier today as it was suggested. Now rebound towards 119.43 yesterday top may be seen on strong data from USA later today and weak Consumer Price Index from Japan later today at 23:30 GMT. On downside, weak data from USA in few minutes may send price lower to 118.40 later today , giving scope for retest of 118.00 bottom.

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