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Daily forex forecast 1 feb 2013

eur usd daily candlestick chart 1 feb 2013

EUR/USD forecast

eur/usd currency pair currently trading at 1.3627 with gains.on daily chart this will be 4th straight session for euro to remain strong and gains against dollar.on daily chart trend and momentum strong bullish for euro strategy remain buy on dips.buy near support of 1.3560 which is weekly average and expect 1.3800 to 1.3850 on upside.

usd jpy daily candlestick chart 1 feb 2013

 

USD/JPY forecast

usd/jpy currently trading at 92.18 with gains.for dollar this is 4 th gaining session.usd/jpy pair achieved 92 level and now traders and investors must eyes 98-99 level in next 1-2 weeks.for intraday follow buy on dips strategy and on downside 91.65 remain support and stoploss for intraday traders.

gbp usd daily candlestick chart 1 feb 2013

GBP/USD forecast

gbp/usd pair today trading flat negative at 1.5867 and that shows reversal of technical bounce back.and now may downtrend may resume so watch for that if weakness dips then go short for intraday and on downside expect 1.5795 in intraday.on upside today high of 1.5880 remain as stoploss level.

usd chf daily candlestick chart 1 feb 2013

USD/CHF forecast

usd/chf currency pair trading at 0.9091 with flat gains.on daily chart trend and momentum is very bearish for dollar.swiss franc looks strong but as trading showing some gains so that might be result in technical bounce back for dollar.on upside looks at 0.9110 to 0.9135 as bounce back targets while on downside today low of 0.9080 remain stoploss.

usd cad daily candlestick chart 1 feb 2013

USD/CAD forecast

usd/cad pair trading at 0.9978 with gains and look like taken support of 1month average and that is buy signal for us dollar.go long for intraday and also positionally with stoploss just below 0.9950 and expect 1.0009 to 1.0030 on upside in intraday.on chart indicators also showing reversal signs and that also confirmation of buy signal.

usd sek daily candlestick chart 1 feb 2013

USD/SEK forecast

usd/sek pair trading with losses today as Swedish krona making pressure on dollar.trading at day low and with time fall may accentuate as technically sek look very strong.usdsek daily indicators also suggested fall may be continue in next week also.so for intraday expect 6.30 to 6.28 on downside while positionally 6.1 to 5.90 remain targets.

 

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