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Forex forecast for 6 feb 2013

 

eur usd daily forecast

eurusd pair trading at 1.3527 with gains on daily chart.today euro made low of 1.3458 while intraday high point was 1.3567.on daily chart showing some resilience to fall but this is fresh short entry chance.must accumulate shorts near 1.3550-1.3600 with stoploss of 1.3640 while downside first target will be 1.3435 which is monthly average.indicators also showing some pull back.

gbp usd daily forecast

gbpusd currency pair trading at 1.5700 with loss for today.today gbpusd pair made high at 1.5804 while low was 1.5693 and trading at lows on weak pound.on daily chart pound resumed downtrend and tomorrow we may see lower levels upto 1.5600 to 1.5550 on downside.on upside 1.5730 is weekly and 1.5840 are resistances and trailing stoploss levels for profitable shorts.

gbpusd indicators once again resumed there downside move and showing signs of deep fall in upcoming week.

usd jpy daily forecast

usd jpy currency pair trading at 93.21 with gains.today usdjpy pair made low of 92.12 while high was 93.51 and trading near day high.once gain momentum turned on dollar side and yen continues to be weak on interventions?now this is absolute bull market scenario for usdjpy and upcoming time we may see target of 98-99 on upside.for tomorrow 94 to 94.8 remain target zone and 92.6 is trailing stoploss/weekly average and major closing basis support.

indicators also resumed upside rally and forming fresh bullish divergences which also suggest rally is long lasting.

usd chf daily forecast

usdchf currency pair trading at 0.9095 with gains.today usdchf made low of 0.9073 while intraday high was 0.9115 and trading in between for now.momentum is on recovery side for dollar and n daily chart after fall now showing signs of consolidation which eventfully may show breakout on above side.0.9110 is weekly average above that next target comes at 0.9190 which is month average.

usdchf daily macd still with bearish divergence and still sell signal but rsi clearly forming support and here also expecting upside reversal buy signal?

usd cad daily forecast

usdcad currency pair trading at 0.9978 with gains for today.this is third gaining session for US dollar against Canadian dollar.0.9960 is closing basis major support and above this stay long for upside targets of 1.0020 to 1.0080.today usdcad pair made low at 0.9970 while high was 0.9995.

both usdcad daily macd and rsi still holding bullish signal so technically usd cad still in uptrend and with strong bullish momentum after correction.

 usd sek daily chart on 5 feb 2013 

usd sek daily forecast

usd sek currency pair currently trading at 6.3382 with gains.this is 3rd session of recovery for us dollar.today usd sek made low of 6.3070 while high was 6.3482.now usd sek just moving above weekly average of 6.3340 and heading towards 6.4180 on upside which is monthly average.

usd sek daily rsi is formed bullish divergence and in buy signal while macd still with bearish crossover and below 0.

 

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