forex forecast for 26 sep 2013


forex forecast for 26 sep 2013

eur/usd daily forecast

EUR/USD currency pair trading at 1.3524 with gains for intraday euro made high at 1.3525 while low was near 1.3511.after yesterday reversal showing strength and euro heading on upside 1.3550 is major resistance and above that expect next breakout for target of 1.3680.on downside 1.3460 is support and stoploss for long positions.

gbp/usd daily forecast

GBP/USD currency pair trading at 1.6078 with pound made high at 1.6086 while low was near 1.6066.same picture like euro and after reversal pound heading towards previous top of 1.6150.on downside 1.5980 is support and stoploss for intraday traders.indicators are in overbought zone keep strict stoploss for all long positions.

usd/jpy daily forecast

USD/JPY currency pair trading at 98.81 with yen made high at 99.1 while low was near on daily chart trend and momentum bearish for pair as yen getting strong.but still stuck in narrow range.below 99 expect downside upto 98 and 97.

usd/chf daily forecast

USD/CHF currency pair trading at 0.9097 with swiss franc made high at 0.9109 while low was near on daily chart trend and momentum is bearish.on downside 0.9060 is last support below that expect another breakdown but as indicators are oversold may show sharp short covering rally on any news event?

usd/cad daily forecast

USD/CAD currency pair trading at 1.0317 with intraday 1.0324 was high for canadian dollar while 1.0313 was lows on daily chart pair trend is down as canadian dollar getting strong.below 1.0340 can create short for intraday with price target 1.0280-1.0250 on downside.

usd/sek daily forecast

USD/SEK currency pair trading at 6.4220 with intraday swedish krona made high at 6.4255 while low was near 6.4165.pair trend and momentum both bearish as krona getting strong and dollar showing softing.but here technically oversold and expect short covering may trigger on any news event?

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Pramod Baviskar

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