Daily Forex Signal 18 November 2008
Posted
BUY GBP/USD 1.4946
TAKE PROFIT 1.4966
STOP LOSS 1.4916
RESULT PROFIT
TAKE PROFIT 1.4966
STOP LOSS 1.4916
RESULT PROFIT
FOREX ANALYSIS
TUESDAY November 18, 2008
EUR/USD
Market should hold major support at 1.2499 before rising towards 1.2757 or even 1.2864 limit.
GBP/USD
It should trade higher to 1.5162 while 1.4910 or 1.4823 offers support. Stop loss below 1.4736 zone.
USD/JPY
It is likely to fall towards 95.72 as its corrective rally could falter in 96.99 - 96.63 area. Stop above 97.34 zone.
USD/CHF
Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2029 or 1.2079 if support around 1.1961 hold. After which a pullback to 1.1961 - 1.1938 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.
