forex forecast for 17 sep 2013

forexforecastfor17sep2013[1]

forex forecast for 17 sep 2013

eur/usd daily forecast

EUR/USD currency pair trading at 1.3353 with loss.today euro made high near 1.3385 while intraday low was 1.3340.here on daily chart trend and momentum strong bullish .but for tomorrow go short with stoploss of 1.34 and expect target of 1.3270 and below on account of correction.

gbp/usd daily forecast

GBP/USD currency pair trading at 1.5937 with gains.today pound made high near 1.5962 while low was near 1.5912.on daily chart trend and momentum is bullish but showing signs of correction.so for tomorrow stay short with stoploss just above 1.6020 and expect correction 1.58-1.57.

usd/jpy daily forecast

USD/JPY currency pair trading at 98.87 with loss.on daily chart trend is bullish but momentum is clearly bearish.on downside 98.7 is major support and also 3 month average and above this stay long.here stay long with stoploss of 98.5 and expect target 100-100.5 on upside.but as indicators mixed must keep strict stoploss.

usd/chf daily forecast

USD/CHF currency pair trading at 0.9263 with gains for today.on daily chart swiss franc is strong and on account of that pair trend and momentum both bearish.on upside 0.933 is 3 month average and major resistance and may be bounce back target for tomorrow. hence for tomorrow stay long with of 0.92 and keep target at 0.933 and above.

usd/cad daily forecast

USD/CAD currency pair trading at 1.0319 with gains.today canadian dollar made high near 1.0332 while low was near 1.0282.here canadian dollar is strong on chart and hence pair trend and momentum both bearish but now showing signs of bounce back.here for tomorrow with stoploss of 1.0280 stay long for target 1.0390-1.04.

usd/sek daily forecast

USD/SEK currency pair trading at 6.4999 with loss for today.today swedish krona made high near 6.5238 while low was 6.4783.here krona is strong hence pair showing sharp downtrend and momentum bearish for pair.below 6.57 keep short view and may this downtrend show 6.39-6.34 on downside.as volatility is high in this pair stoploss remain wide and trade positionally.

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Pramod Baviskar

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