Daily Analysis FX

Discussion in 'Forex Trading' started by nico3725, Jan 6, 2003.

  1. EUR/USD 1.0434. EUR has entered into correction phase since testing 1.0500. Difficult to say if this correction is over. It may be trading a “B” wave with targets near 1.0465 & 1.0500 above which it can try 1.0535/65 also. Immediate supports are at 1.0400 & 1.0380.After this rise expect a decline to 1.0360/30.

    USD/CHF 1.3945.Short term dips should find support near 1.3920/00 for one more rise to 1.4065/95.Enexpected break of 1.3900 will yield 1.3825/05.

    USD/JPY 119.30. Short term resistance at 119.55/65 should push Dollar down to 118.85 or 118.50.

    GBP/USD 1.6094.Cable has gained strength in the last few days. Short term dips should be contained above 1.6040/25 for a rise to 1.6165/75 or 1.6230/40 now.

    EUR/CHF: 1.4555. EUR’s upside correction phase can test 1.4590 or 1.4620. Supports are at 1.4520 & 1.4490.

    EUR/JPY: 124.46. EUR seems to be trading in a triangle between 123.85 & 125.15. Play this range for some time.

    EUR/GBP: 0.6482. Short term dip to 0.6455/50 is looked for while below 0.6495/00.

    AUD/USD: 0.5692. This pair should test 0.5725/50. Support is at 0.5670/65.

    USD/CAD: 1.5621. Short term dips may find support near 1.5580/75 for rise to 1.5655/75.

    Source : http://www.realtimeforex.com/e/fxnews/daily_market_e.html