Monday, November 3, 2008

Forex Market Prediction and Analysis

EUR-USD
Current fall is near an end of wave around 1.2584 - 1.2605 zone, a rally should then procede to above 1.281 or 1.2857. Fall below 1.2534 would cancel this scenario.


GBP-USD
Current fall seems to be over near 1.6042 or 1.5883 for a rebound towards 1.6200 - 1.6297 area.


USD-JPY
It should be subject to more sell off towards 96.84 or 95.21. Corrective upward swings should face resistance around 99.92 area. A break of 100.165 is bullish.


USD-CHF
Strength can extend to 1.1635 or even higher than 1.1728 as declines are expected to find support at 1.1471 or 1.1399. A fall below 1.1213 could turn it bearish.

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