forex forecast for 19 sep 2013


forex forecast for 19 sep 2013

eur/usd daily forecast

EUR/USD currency pair trading at 1.3362 with euro made high near 1.3363 and trading at while low was 1.3337.very narrow range ahead of major still selling view and keep stoploss just above 1.3420 and expect correction dip upto 1.3290 and below.

gbp/usd daily forecast

GBP/USD currency pair trading at 1.5968 with pound made high near 1.5979 while low was near 1.5892.on daily chart showing reversal signal but still below 1.6020 i keep short view for downside target upto now 1.5750.on daily chart rsi is near overbought zone!

usd/jpy daily forecast

USD/JPY currency pair trading at 98.98 with yen made high near 99.33 while low was still hovering near major support levels and consolidating but now look like momentum is losing out?so watch support level 98.7 and below that go short for 100-200 pips downside rally.

usd/chf daily forecast

USD/CHF currency pair trading at 0.9242 with loss.on daily chart downtrend swiss franc made high near 0.9268 and low was near 0.9241.very narrow contra view and buy on dips with strict stoploss below 0.916 and expect upside target of 0.9330 and above.

usd/cad daily forecast

USD/CAD currency pair trading at 1.0305 with canadian dollar made high near 1.0317 while low was near 1.0289.very narrow range and showing signs of recovery as follow buy on dips and keep strict stoploss below 1.0250 and expect target of 1.0390 and above.

usd/sek daily forecast

USD/SEK currency pair trading at 6.4530 with swedish krona made high near 6.4760 while low was near downtrend continues and below 6.50 trailing stoploss one can hold short positions but as this pair is highly volatile i expect sharp reversal when news broke out? so consider long on lower levels might be near 6.39 with strict stoploss.

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Pramod Baviskar

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