forex daily forecast for 13 sep 2013


forex daily forecast for 13 sep 2013

eur/usd daily forecast

EUR/USD currency pair trading at 1.3287 with loss for euro made high near 1.3323 while low was near on daily chart trend is bullish but momentum losing out as dollar inching up.on downside 1.325 is month average and 1.321 is 3 month average support and if breaks then downward cycle may start for euro.on upside 1.333 is strong supply zone with that stoploss traders can hold shorts for target 1.3210 and below.

gbp/usd daily forecast

GBP/USD currency pair trading at 1.5818 with loss for pound made high near 1.5831 while low was near trend and momentum still strong bullish for pound but as dollar inching upside may show sharp correction upto downside major supports.on downside 1.5620 is month average and 1.5490 is 3 month average and target on any major correction.on upside 1.59 is strong resistance for now.

usd/jpy daily forecast

USD/JPY currency pair trading at 99.24 with yen made high near 99.9 while low was near 99.1.on daily chart yen trend and momentum both bullish but right now going though correction on account of profit booking?on downside 99 is month average support and below that 98.6 is 3 month average support and if breaks then expect downside upto 96.

usd/chf daily forecast

USD/CHF currency pair trading at 0.9314 with gains for swiss franc made high near 0.9335 while low was near 0.9293.on chart trend is bearish but momentum clearly building on long side as dollar gains.above 0.9350 rally will see buying boost and also many short traders stoploss trigger expect spike upto 0.94-0.9450.

usd/cad daily forecast

USD/CAD currency pair trading at 1.0322 with gains for today.on daily chart canadian dollar trend and momentum both bearish but now indicators showing some early recovery signs.on upside 1.0395 is 3 month average and major resistance and expect bounce back rally upto it with stoploss below 1.0280.

usd/sek daily forecast

USD/SEK currency pair trading at 6.5335 with gains for swedish krona made low near 6.50 while high was near on daily chart trend is down but momentum showing bullish reversal signs for pair.above 6.57 trend will change and so breakout is expect again!!

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Pramod Baviskar

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