forex forecast for 11 sep 2013


forex forecast for 11 sep 2013

eur/usd daily forecast

EUR/USD currency pair trading at 1.3263 with gains for euro made low near 1.3229 while high was near 1.3275 and trading near on daily chart trend and momentum both bullish for euro.on downside 1.3240 is month average and 1.3210 is 3 month average and both strong supports.on upside 1.3340-1.3450 are upcoming targets as well as strong resistances.

gbp/usd daily forecast

GBP/USD currency pair trading at 1.5719 with gains.on daily chart pound trend and momentum is bullish and trending towards 1.60.on daily chart 1.5665 is week average support while 1.5540 is month average support on downside.on upside above 1.5730 will be absolute breakout for short term view and expect target of 1.5850-1.60 in very short time.all major indicators are with buy signals.

usd/jpy daily forecast

USD/JPY currency pair trading at 100.39 with gains for yen made low near 99.5 while high was near 100.5.on daily chart trend and momentum continue on bull side and yen remain to be weak on account of twisting.on downside 99.9 is week average and 99 is month average both remain as strong supports.on upside 101.45 and 103.1 are resistances as well as upcoming targets here.

usd/chf daily forecast

USD/CHF currency pair trading at 0.9345 with gains for today.on daily chart here trend is momentum is turning down as dollar index cooling off and swiss franc showing strength on account of that.below 0.9310 downtrend will start and traders can expect 0.9250-0.92 in next few buying suggested above 0.9380 levels only with stoploss below 0.93.

usd/cad daily forecast

USD/CAD currency pair trading at 1.0358 with canadian dollar made high near 1.0380 while low was near 1.0330 and trading near on daily chart trend and momentum down as us dollar losing strength and so below 1.410 traders can keep accumulating shorts with downside target at 1.0280-1.0250 in next 2-3 trading sessions.rsi already given sell signal at 1.0490.

usd/sek daily forecast

USD/SEK currency pair trading at 6.5460 with also same view like canadian swedish krona made high near 6.5760 while low was near 6.53.on daily chart pair trend and momentum both down as krona getting strong.and below 6.5750 keep accumulating shorts for downside target of 6.49 and below in next 1-2 trading sessions.

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Pramod Baviskar

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