Daily Forex Signal 07 November 2008
Posted
SELL GBP/USD 1.5701
TAKE PROFIT 1.5681
STOP LOSS 1.5731
RESULT PROFIT
TAKE PROFIT 1.5681
STOP LOSS 1.5731
RESULT PROFIT
FOREX ANALYSIS
FRiDAY November 7, 2008
EUR/USD
Market should not go lower than 1.2582. After this move down it should go up to 1.2697 - 1.2783 area.
GBP/USD
Market should meet resistance at 1.5745. We expect then an extended move down to 1.5576 -1.5269 area.
USD/JPY
Current fall is near an end of wave around 97 - 97.07 zone, a rally should then procede to above 98.22 or 98.45. Fall below 96.8 would cancel this scenario.
USD/CHF
Current rise seems to be over near 1.1788 or 1.1861 for a retracement towards 1.1715 - 1.1675 area.
Market should not go lower than 1.2582. After this move down it should go up to 1.2697 - 1.2783 area.
GBP/USD
Market should meet resistance at 1.5745. We expect then an extended move down to 1.5576 -1.5269 area.
USD/JPY
Current fall is near an end of wave around 97 - 97.07 zone, a rally should then procede to above 98.22 or 98.45. Fall below 96.8 would cancel this scenario.
USD/CHF
Current rise seems to be over near 1.1788 or 1.1861 for a retracement towards 1.1715 - 1.1675 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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