Daily Forex Signal 04 November 2008
Posted
SELL GBP/USD 1.5960
TAKE PROFIT 1.5940
STOP LOSS 1.5990
RESULT PROFIT
FOREX ANALYSIS
TUESDAY November 4, 2008
TAKE PROFIT 1.5940
STOP LOSS 1.5990
RESULT PROFIT
FOREX ANALYSIS
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.
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.
Disclaimer
The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. Any views expressed may change without notice.
This document is provided to you for information purposes only and may not be reproduced, distributed or published by any recipient for any purpose.
The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. Any views expressed may change without notice.
This document is provided to you for information purposes only and may not be reproduced, distributed or published by any recipient for any purpose.
