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forex forecast for 7 February 2013

 eurusd forecast for 7 february 2013

eur usd daily forecast

eur usd currency pair trading at 1.3534 with loss for today.on daily chart euro made top at 1.3650 and now going through correction phase.today euro dollar pair made high of 1.3595 while low was 1.3493 so total 102 pips intraday volatility till now.for tomorrow we may see fall upto 1.3440 and if close below this then fall will deep upto 1.3240.

euro daily macd topped out while rsi slowly moving towards support of 50.for all shorts 1.3560 is trailing stoploss.

 gbpusd forecast for 7 february 2013

gbp usd daily forecast

gbp usd currency pair trading at 1.5653 with loss.pound still weak and continues downtrend against dollar.now trading below all short term averages.for tomorrow on downside expect 1.5600-1.5540 as target levels while on upside 1.5698 remain trailing stoploss.

gbp usd daily macd and rsi both still holding sell signals.

 usdjpy forecast for 7 february 2013

usd jpy daily forecast

usd jpy currency pair currently trading at 93.51 with loss.today dollar yen pair hit high of 94.05 while low was 93.28 and trading near lows.trend and momentum still strong for dollar and traders must follow buy on dips strategy here ,possibly this week we may see 97-98 levels here.on downside 92.86 is weekly average and stoploss for long trades.

usd jpy macd and rsi both still holding bullish momentum.

usdchf forecast for 7 february 2013

usd chf daily forecast

usd chf currently trading at 0.9095 with gains.today dollar franc pair hit low of 0.9056 while high was 0.9149.total 100 pips intraday volatility and some recovery momentum for dollar.

usd chf daily rsi also forming rounding bottom near 30 so look like usd chf formed bottom at 0.9070 and heading towards 0.9150-0.9200.

usdcad forecast for 7 february 2013

usd cad daily forecast

usd cad pair trading at 0.9960 with gains.today usd cad made high at 0.9988 while low was 0.9952.today total 35 pips range bound volatile move but still us dollar seems to strong and we still expect upside levels of 0.9990 to 1.0025 again.

usd cad daily rsi still holding 50 mark so momentum still stronger for dollar.

usd sek forecast for 7 february 2013

usd sek daily forecast

usd sek currency pair trading at 6.3534 with gains.today dollar-swiss krona pair made low at 6.3139 while high was 6.3641.as we suggested here we seen recovery and heading towards our given targets of 6.4135 which is usd sek monthly average level.dollar showing buying momentum against Swedish krona.

 

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