Forex signals update Feb 18-2008
Forex technical analysis
EUR-USD => While trading below 1.4695 - 1.4715 we can expect another dip to 1.4635 or even 1.4595. S/L is placed slightly above 1.4750.
GBP-USD => A dip to 1.9550 is expected presuming that 1.9635 - 1.9665 holds upward pressure. Later a pullback to 1.9665 or even 1.9695 is anticipated.
USD-CHF => Targeting 1.0990 for a test. Entries are set at 1.0910 and 1.0890. Breaking below 1.0835 suggests sellers strength.
USD-JPY => Possible test of 108.05 with a following retracement to 107.30.
EUR-JPY => Aty first expecting a pullback to 157.55 with a following upward swing towards 158.55 and possibly 158.90. Breaking above 159.60 adds fire to buyers thrust.
EUR-GBP => Expecting further up move towards 0.7510 - 0.7530 presuming that support at 0.750 holds. Later a correction to 0.7470 - 0.7460 is expected.
EUR-CHF => Main support at 1.5960 should hold allowing a rise to 1.6105 and possibly to 1.6150.
AUD-USD => Price should move further up to 0.9140 presuming that support at 0.9060 holds. Later a correction to 0.9060 - 0.9045 may take place.
USD-CAD => We should see a temporary consolidation between 0.9960 and 1.0230 levels.
GBP-JPY => Currently we should see some consolidating activity between 211.85 and 210.65. Breaking above 214.00 will set i price on upward course while breaking below 210.30 will send it down.
This entry was posted on Monday, February 18th, 2008 at 5:07 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.