Daily Forex Signal 05 November 2008
Posted
BUY GBP/USD 1.5929
TAKE PROFIT 1.5949
STOP LOSS 1.5899
RESULT LOSS
TAKE PROFIT 1.5949
STOP LOSS 1.5899
RESULT LOSS
FOREX ANALYSIS
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.
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.
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.
This document is provided to you for information purposes only and may not be reproduced, distributed or published by any recipient for any purpose.
