forex forecast for 3 oct 2013

forex forecast for 3 oct 2013

eur/usd daily forecast

EUR/USD currency pair trading at 1.3604 with gains.on daily chart euro trend and momentum is strong bullish and trading at new short term high.on downside 1.356 is week and first support downside.on upside expect next target at 1.3750.

gbp/usd daily forecast

GBP/USD currency pair trading at 1.6238 with gains.on daily chart trend and momentum is strong bullish for pound.on daily chart 1.6190 is week average and first support on downside.on upside expect 1.6350 as next target and then 1.6550 will be next medium term target.below 1.6190 expect correction and consolidation phase on intraday chart.

usd/jpy daily forecast

USD/JPY currency pair trading at 97.66 with gains.on daily chart yen is strong so pair trend and momentum is bearish and trading below all short term averages.below 98.7 keep sell on rise view and on downside 97 and 96 will be short term targets in this week.

usd/chf daily forecast

USD/CHF currency pair trading at 0.9000 with loss.on daily chart pair trend and momentum is strong bullish as us dollar falling and swiss franc getting strength.on upside 0.9045 is week average and trailing stoploss for short positions on downside 0.8950 will be intraday target.

usd/cad daily forecast

USD/CAD currency pair trading at 1.0322 with loss.on daily chart canadian dollar still strong and pair after technical bounce back showing signs of trend resumption.below 1.0380 keep sell on rise view for target 1.0280-1.0200 on downside in intraday to short terms.

usd/sek daily forecast

USD/SEK currency pair trading at 6.3677 with loss.on daily chart swedish krona still holding strength as dollar pair trend and momentum both bearish and downtrend is below 6.44 keep sell on rise view and 6.32 and 6.24 will be target zones for short term traders.

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Pramod Baviskar

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