Wednesday November 5, 2008

EUR-USD
Difficult to predict next move. It should stay in a trading range between 1.2851 - 1.3372 .A break of 1.3179 is needed for a continuation of up trend .

GBP-USD
It may attempt a test higher to 1.6032 after which weakness may set it to a drift down to below 1.5672 limit.

USD-JPY
Strength can extend to 100.13 or even higher than 100.71 as declines are expected to find support at 99.05 or 98.54. Stop Loss below 97.38 zone.

USD-CHF
Current move should be supported in 1.1598 zone for a rise to above 1.1899. A break below 1.1433 opens the way down.

Tuesday November 4, 2008

EUR-USD
There is bearish potential for a fall to 1.2526 or 1.2408 while 1.2771 - 1.283 resist. After this fall a recovery up to 1.2771 or 1.2830 is expected.

GBP-USD
There is bearish potential for a fall to 1.5602 or 1.5383 while 1.611 - 1.6219 resist. After this fall a recovery up to 1.6110 or 1.6219 is expected.

USD-JPY
A correction down to 98.34 folowed buy a mouve up to 99.39 or 99.78. A break above 100.43 would accelerate this bullish move.

USD-CHF
Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1786 or 1.1931 if support around 1.1657 hold. After which a pullback to 1.1657 - 1.1611 zone is possible.

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.

BARU!!!Novemebr 2008..

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