Daily Forex Signal 06 November 2008
Posted
SELL GBP/USD 1.5909
TAKE PROFIT 1.5889
STOP LOSS 1.5939
RESULT LOSS
TAKE PROFIT 1.5889
STOP LOSS 1.5939
RESULT LOSS
FOREX ANALYSIS
THURSDAY November 6, 2008
EUR/USD
Strength can extend to 1.3036 or even higher than 1.3116 as declines are expected to find support at 1.2875 or 1.2794. A fall below 1.2633 could turn it bearish.
GBP/USD
It is a triangle configuration. Market should break either side. Acceleration should occur above 1.6198 or under 1.5753 limits.
USD/JPY
Market should meet resistance at 98.58. We expect then an extended move down to 97.9 -96.01 area.
USD/CHF
Current fall seems to be over near 1.1566 or 1.1506 for a rebound towards 1.1626 - 1.1664 area.
Strength can extend to 1.3036 or even higher than 1.3116 as declines are expected to find support at 1.2875 or 1.2794. A fall below 1.2633 could turn it bearish.
GBP/USD
It is a triangle configuration. Market should break either side. Acceleration should occur above 1.6198 or under 1.5753 limits.
USD/JPY
Market should meet resistance at 98.58. We expect then an extended move down to 97.9 -96.01 area.
USD/CHF
Current fall seems to be over near 1.1566 or 1.1506 for a rebound towards 1.1626 - 1.1664 area.
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.
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