eur usd daily forecast
eur usd currently trading at 1.3544 with loss on daily chart.on chart look like euro is topped out at 1.3650 and that is top and major resistance.for tomorrow outlook remain negative for euro and traders must go short near 1.3600 with stoploss of 50 pips and expect correction upto 1.3425 which monthly average and in bearish scenario may show up 1.3230 in this week.
on daily chart eur/usd daily rsi moved down from 70 mark suggesting upcoming correction?
gbp usd daily forecast
gbp/usd currency pair trading at 1.5737 with gains for 4 feb 2013.todays gbp usd low was 1.5693 while high was 1.5750 and trading near highs.for tomorrow outlook is positive for pound and gaining strength back.so stay long with stoploss just below 1.5690 and expect 1.5795 to 1.5850 on upside as target levels.
gbp usd daily macd is with bearish crossover while rsi is formed bullish divergence.
usd jpy daily forecast
usd jpy currency pair currently trading at 92.58 with loss for 4 feb 2013.today and yesterday we seen negative closing for dollar against yen and that might suggest traders and investors taking profit out of the table.on downside 92 is weekly average and 90.35 is monthly average both these will be corrective targets and on upside 93.2 remain top and strong resistance as well as stoploss for shorts.
usd jpy daily rsi slowly forming bearish divergence which is signals upcoming bearish rally for usd/jpy pair.
usd chf daily forecast
usd chf currency pair on daily chart trading at 0.9078 with loss.today we seen highs of 0.9116 while low was 0.9072 and trading at low which suggest bearish sentiment for dollar against swiss franc.signals are weak for usd/chf and traders must hold shorts with trailing stoploss of 0.9120 and expect 0.9040 to 0.8980 in next 1-2 session.
usd chf daily indicators also resumed downtrend and in upcoming time fall may get dips as swiss franc getting strength back technically as well as fundamentally.
usd cad daily forecast
usd cad currency pair trading at 0.9981 with gains.today usd/cad hit low of 0.9947 while high was 0.9992 and currently trading at day high.on daily chart after fall given some consolidation and now showing signs of absolute reversal.so expect 1.0020 to 1.0050 in next 1-2 session.on downside 0.9940 remain support and stoploss must below that for all intraday to short term long positions in usd/cad.
on daily chart,usd/cad daily rsi taking support at 50 which is also strong reversal sign on technical basis.
usd sek daily forecast
usd sek currency pair currently trading at 6.3151 with gains today usd/sek low was 6.2963 while high was 6.3362.trading in between just now but momentum clearly building for dollar and we may see technical bounce back here upto 6.3455 to 6.3735 so traders mat take advantage of that but with strict stoploss just below 6.2930.
on indicators side,usd sek daily rsi is off the low and now came above 30 which is also buy signal?
