forex forecast for 6 sep 2013
eur/usd daily forecast
EUR/USD currency pair trading at 1.3225 with loss for today.in intraday high volatility seen.euro made high near 1.3222 while low was near 1.3119 and trading at it.here after bounce back euro now resumed downtrend and continue to trends towards support.here below 1.3240 keep shorts open for target of 1.3050-1.2900 in intraday.indicators on daily chart showing upcoming big downside rally?
gbp/usd daily forecast
GBP/USD currency pair trading at 1.5577 with loss for today.in intraday pound made high near 1.5666 while low was near 1.5572 and trading at it.here on daily chart trend and momentum bullish for pound but right now showing signs of correction so below top of 1.5710 keep correction view for now and expect target of 1.5530 and then 1.5440.below 1.5440 expect trend to change on bear side and once again lower tops and bottom may start.
usd/jpy daily forecast
USD/JPY currency pair trading at 100.11 with gains.here today yen made low near 99.56 while high was 100.15 and trading at it.here on daily chart trend and momentum both strong bullish and my target of 100 is achieved and now waiting for 102 on upside.on downside support is now moved to 98.5.on daily chart indicators suggesting upcoming short term bull run for this pair as yen is remain to be weak in twisting and dollar index inching higher on fears!!
usd/chf daily forecast
USD/CHF currency pair trading at 0.9444 with heavy gains for today.in intraday swiss franc made low at 0.9356 while high was at 0.9446 and trading at it.here trend and momentum bullish for dollar and this pair may show upside on account of that.here for tomorrow traders can keep target at 0.9510 and then panic spreads then 0.97.on downside 0.9320 is major average support and above this view remain buy on dips for this pair.
usd/cad daily forecast
USD/CAD currency pair trading at 1.0514 with gains for today.in intraday canadian dollar made high near 1.0514 and trading at it while low was near 1.0475.here also after correction look like uptrend is resuming.momentum also showing signs of reversal.on downside 1.0460 is month average and then 1.04 is 3 month average and both remain as strong supports levels.on upside 1.0575!!
usd/sek daily forecast
USD/SEK currency pair trading at 6.6745 with heavy gains.in intraday swedish krona made high near 6.6772 while low was near 6.5956.heavy rally and trending higher as trend resumes.here on downside major support now at 6.5650 while on upside 6.70 and then 6.84 are upcoming targets.6.7 is in sight while if dollar index inched up we may see 6.84 in very short time.here also indicators sowing signs of big short term bull rally for pair on account of dollar spiking!!