forex forecast for 18 sep 2013
eur/usd daily forecast
EUR/USD currency pair trading at 1.3356 with gains.today made high near 1.3370 and trading near it while low was 1.3324.on daily chart trend and momentum both bullish.but still bearish view and on rise facing sully from market.with 1.3420 stoploss stay short and expect target of 1.3270 and below as correction move.
gbp/usd daily forecast
GBP/USD currency pair trading at 1.5906 with gains.in intraday made high near 1.5936 while low was 1.5885.on daily chart trend and momentum bullish but still seems to topped out.so keep stoploss above 1.6020 and expect downside target upto 1.57 in upcoming sessions.
usd/jpy daily forecast
USD/JPY currency pair trading at 99.2 with gains.today yen made high near 99.38 while low was near 99.05.here trend is bullish as trading just above major support and momentum suggesting upcoming bull run?so here with stoploss of 98.5 hold long view for multiple upside targets at 100-101-102.5.
usd/chf daily forecast
USD/CHF currency pair trading at 0.9263 with loss.today swiss franc made high near 0.9280 while low was near 0.9251.very narrow range and continues downtrend.but indicators showing some resilience hence may show reversal.for tomorrow hold long view with strict stoploss below 0.92 and expect target of 0.9350 and above.here keep in mind that going against trend and keep strict stoploss for all longs.
usd/cad daily forecast
USD/CAD currency pair trading at 0.0297 with loss.today canadian dollar made high near 1.0334 while low was near 1.0274.on chart trend and momentum both bearish and below 1.0390 keep sell on rise view but on downside 1.0280 is major historic support and may show resilience there.and qe3 tapering may boost dollar index hence expect sudden reversal.on upside 1.0390 will be first target.
usd/sek daily forecast
USD/SEK currency pair trading at 6.4644 with loss.today swedish krona made high near 6.5216 while low was near 6.4553.below 6.56 trend and momentum both remain to bearish.but on downside 6.44-6.46 is major support zone and resilience is expect here so on reversal expect target of 6.56 and then change of trend!!on news flow all pair remain highly volatile so trade with strict stoploss or stay away for 2 days!!