Forex daily trading comments Friday July 27, 2007
| 1.3746. It should test 1.3774 area after which a sell off down to 1.3702 or extended to 1.3659 area is expected. | |
| GBP-USD | 2.0490. Current fall is near an end of wave around 2.0375 - 2.0483 zone, a rally should then proceede to above 2.0526 or 2.0560. Fall below 2.0355 would cancel this scenario. |
| USD-CHF | 1.2038. While below 1.2070 - 1.2094 it might drop to 1.1989 or below 1.1941 zone. |
| USD-JPY | 118.68. Overall structure is bearish. Decelerating momentum could attract it towards supports at 118.31 or 117.88. Major support is clustered around 116.79 limit. |
| EUR-JPY | 163.15. Market should not go lower than 161.72. After this move down it should go up to 163.01 - 163.84 area. |
| EUR-GBP | 0.6709. It should trade lower to 0.6689. Resistances are at 0.6711 and 0.6721. A break of 0.6735 is bullish. |
| EUR-CHF | 1.6548. Market should meet resistance at 1.6581. Expect then an extended move down to 1.6526 -1.6450 area. |
| AUD-USD | 0.8711. Market should meet resistance at 0.8761. Expect then an extended move down to 0.8707 -0.8560 area. |
| USD-CAD | 1.0537. Current rise seems to be over near 1.0546 or 1.0593 for a retracement towards 1.0499 - 1.0471 area. |
This entry was posted on Friday, July 27th, 2007 at 5:53 am and is filed under Daily market comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
