FXstreet.com: Forex Forecasts

Daily Technical Outlook - Monday 12.01.2008

office@e-forex.ro (E-Forex) — Mon, 01 Dec 2008 07:46:10 GMT

EURUSD The Euro has failed to hold above the 1.2800/15 support on Friday and collapsed, testing bids at 1.2620 earlier today. Downside is favored now and first important resistance is seen at 1.2810, interim resistance being formed at 1.2700 and 1.2750. Support starts at 1.2620 backed by 1.2565 and 1.2500. Daily momentum is slightly bearish due to the decline below the 1.28 mark. Intraday studies are mixed at the time of this writing. Current quote is 1.2697 @07:40 GMT Support levels: 1.2620,

Weekly Currency Outlook

fx.analysis@z2fx.com (Z2FX) — Mon, 01 Dec 2008 04:41:26 GMT

Week 49 of 2008 Dec 01 - Dec 05 EURUSD (1.2700) EURUSD has settled back into downward trend. Traders will look to sell EURUSD on rise to 1.2900 level initially for 1.2580 which could be further extended to 1.2430 level. RSI in weekly charts is at 27.37 and seems to have enough space for a nice move below 1.2400 level. Break of 1.2380 level will take EURUSD below 1.2200 level. Resistances 1.3120 1.3320 1.3550 Supports 1.2380 1.2180 1.2000 GBPUSD (1.5402) GBPUSD seems to continue its short term

USD/JPY Daily Outlook

cs@acetrader.com (AceTrader) — Mon, 01 Dec 2008 03:59:34 GMT

INTRA-DAY USD/JPY OUTLOOK: 95.30 Updating time : 01 Dec 2008 02:36 GMT Dlr's intra-day cross-inspired weakness suggests caution on our long n 95.14/17 sup needs to hold for prospect of a rebound but a breach of Friday's high at 95.75 is needed to signal near term rise fm 94.60 has resumed to 95.95 res. Remain as cautious buyer with stop as indicated n only below 94.99 wud abort n risk 94.60. Range Forecast

The Daily Forecaster

info@fx-forecaster.com (FX-Forecaster.com) — Mon, 01 Dec 2008 03:25:55 GMT

. Bias: While 1.2370 supports I feel the risk is still for slow gains to 1.2553 at least

EUR/USD Daily Outlook

cs@acetrader.com (AceTrader) — Fri, 28 Nov 2008 09:14:42 GMT

INTRA-DAY EUR/USD OUTLOOK : +1.2900+ Updating time :28 Nov 2008 09:06 GMT Despite euro's intra-day cross-inspired rebound, outlook remains consolidative n as long as 1.2968 res holds, mild downside bias is seen for another retreat to 1.2890 but reckon sup at 1.2859 wud con- tain weakness n yield further choppy trading. Trade fm short side, stop abv there, break sig- nals pullback fm 1.3081 has possibly ended, 1.3000. Range Forecast +1.2885

Daily Technical Outlook - Friday 11.28.2008

office@e-forex.ro (E-Forex) — Fri, 28 Nov 2008 07:48:32 GMT

EURUSD The Euro trades in a narrow range below the 1.3 mark, consolidating recent gains and volatility will probably remain low today. Minor resistance is seen at 1.2970 followed by 1.3080/00 and 1.3125. On the downside, support is seen at 1.2880 backed by 1.2800/15 and 1.2680. Both daily and intraday studies are bullish. While holding above 1.2815, upside is on focus and a sustained break of 1.3080 seem possible during the next trading days. Current quote is 1.2925 @07:40 GMT Support levels:

Forex Market Outlook on Majors

cs@acetrader.com (AceTrader) — Fri, 28 Nov 2008 07:33:03 GMT

INTRA-DAY GBP/USD OUTLOOK : 1.5425 Updating time : 28 Nov 2008 06:41 GMT Cable has moved higher in tandem with euro n risk is seen for gain to 1.5460/70 but only abv 1.5512 wud signal recent upmove has resumed n bring re-test of this week's high at 1.5535 1st. In view of this, exit intra-day short n stand aside as below 1.5368 (Asia) is needed to revive bearishness for weakness to 1.5342 n then 1.5310... Range Forecast 1.5400 / 1.5440 Resistance/Support R:

The Daily Forecaster

info@fx-forecaster.com (FX-Forecaster.com) — Fri, 28 Nov 2008 03:16:03 GMT

. Bias: We need the 0.6540 support to hold to allow gains above 0.6623 to confirm a stronger rally

USD/JPY Daily Outlook

cs@acetrader.com (AceTrader) — Fri, 28 Nov 2008 01:04:54 GMT

INTRA-DAY USD/JPY OUTLOOK: 95.39 Updating time : 28 Nov 2008 00:14 GMT Although broad outlook is 'consolidative' as dlr is expected to move sideways inside near term broad range of 94.60-95.95, as long as y'day's 94.99 low holds, upside bias remains but abv o/n top of 95.59 is needed to bring further gain to 95.85/90 later. Buy dips for 95.55, stop below said sup, break wud risk stronger retrace. but 94.60 shud

Daily Technical Outlook - Thursday 11.27.2008

office@e-forex.ro (E-Forex) — Thu, 27 Nov 2008 07:45:18 GMT

EURUSD The retreat from above the 1.3 mark is corrective, so far, as the daily studies remain bullish. Intraday resistance is formed by yesterday's support at 1.2925 which could not be broken after several tests today. Above 1.2925, resistance emerges at 1.3 then 1.3080/00 and 1.3260. Support is seen at 1.2800/15 backed by 1.2680/00 and 1.2565. On an intraday basis, the pair lacks direction but while 1.2925 holds, a pullback down to 1.2815 and lower to 1.2680-1.2700 is possible. Current quote

Forex Market Outlook on Majors

cs@acetrader.com (AceTrader) — Thu, 27 Nov 2008 06:15:52 GMT

INTRA-DAY GBP/USD OUTLOOK : 1.5376 Updating time : 27 Nov 2008 04:23 GMT Cable's rebound after finding renewed buying at 1.5327 (Aust.) suggests consolidation with upside bias remains for gain to 1.5390/00, however, reckon res area at 1.5440/49 wud hold n yield a retreat later today. Buy on pullback for 1.5390 or sell on further rise for 1.5385 but 1.5327 wud limit downside... Range Forecast 1.5355 / 1.5395 Resistance/Support R: 1.5449/1.5480/1.5535 S:

USD/JPY Daily Outlook

cs@acetrader.com (AceTrader) — Thu, 27 Nov 2008 03:40:26 GMT

INTRA-DAY USD/JPY OUTLOOK: 95.16 Updating time : 27 Nov 2008 02:22 GMT Dlr's intra-day weakness in part due to cross buying in yen suggests the retreat fm o/n NY high at 95.95 may extend to 94.80/90 but below 94.60 is needed to signal nr term decline fm 97.44 has once again resumed n yield further fall to 94.25/30. Abv 95.72 (Aust.) wud revive bullishness for ano ther rise to 95.95 n 96.30. Stand aside for

EUR/USD Daily Outlook

cs@acetrader.com (AceTrader) — Wed, 26 Nov 2008 07:48:30 GMT

INTRA-DAY EUR/USD OUTLOOK : +1.2985+ Updating time :26 Nov 2008 07:26 GMT Despite intra-day rebound fm 1.2946, current price action suggests as long as 1.3010 holds, mild downside bias remains for marginal weakness twds 1. 2924, however, as outlook is consolidative, reckon 1.2880/90 wud remain intact. Sell on recovery with stop as indicated, break wud signal low is formed n risk 1.3040/50... Range Forecast 1.2950 / 1.2990

Focus Turns to Bailout of Citibank and US Automakers

info@easy-forex.com (Easy Forex) — Wed, 26 Nov 2008 06:46:12 GMT

Last week’s currency trading review The Dollar had a mixed week gaining on the back of Oil falling below $50 a barrel but losing ground against the Yen as stocks hit multi year lows. New York Fed Chief Tim Geithner was names as Obama’s Treasury. The FOMC meeting showed an increasingly weak economic picture. The Fed also showed concern that it must act to stop deflationary pressure emerging. CPI fell 1% in October and PPI dropped 2.8%. Weekly Jobless claims jumped to 542K the highest level

Daily Technical Outlook - Wednesday 11.26.2008

office@e-forex.ro (E-Forex) — Wed, 26 Nov 2008 06:13:36 GMT

EURUSD The Euro continues to advance higher against the greenback, testing offers near the 1.31 mark on yesterday. Daily sentiment is bullish, favoring extended gains which may bring key resistance at 1.3250/60 on focus during the upcoming trading session. Support is seen at 1.2925 backed by 1.2800 and 1.2680/00. Resistance levels are emerging at 1.3080/00 followed by 1.3125 and 1.3250/60. While the Euro holds above the 1.2800 mark, short term bullish structure will remain unchanged. Hourly

USD/JPY Daily Outlook

cs@acetrader.com (AceTrader) — Wed, 26 Nov 2008 06:25:46 GMT

INTRA-DAY USD/JPY OUTLOOK: 95.12 Updating time : 26 Nov 2008 04:13 GMT Dlr has continued to move sideways abv Asian low at 94.80 n as long as 95.56 (Aust.) holds, near term decline fm y'day's high at 97.44 may extend marignally but loss of momentum shud limit downside n bring a rebound later, abv 95.56, 95.75. Venture long on further weakness, stop below 94.44 as break may risk further weakness twd 94.00. Range

Forex Market Outlook on Majors

cs@acetrader.com (AceTrader) — Wed, 26 Nov 2008 04:00:02 GMT

INTRA-DAY GBP/USD OUTLOOK : 1.5357 Updating time : 26 Nov 2008 03:29 GMT Cable has moved lower in tandem with euro n fur ther consolidation below y'day's high at 1.5535 wud be seen with downside bias for retrace. of y'day's rally to 1.5300/10 b4 prospect of a rebound later. For st trade, sell on recovery for 1.5340 n if price falls to 1.5310 1st, buy for 1.5370 but minor res at 1.5420/25 shud limit gain... Range Forecast 1.5340 / 1.5380 Resistance/Support R:

The Daily Forecaster

info@fx-forecaster.com (FX-Forecaster.com) — Wed, 26 Nov 2008 03:24:04 GMT

. Bias: While 1.5270-1.5315 supports I feel we may just see a move all the way to the 1.5656 target

EUR/SEK to remain elevated

danskeresearch@danskebank.com (Danske Bank A/S) — Tue, 25 Nov 2008 14:48:38 GMT

Last week we wrote that EUR/SEK was likely to test 10.30 and even 10.40 in the coming weeks (it was trading at 10.22 then), and that we preferred to be long EUR/SEK during this period (see "PPM and EUR/SEK: Buy on 'rumour' sell on fact", 20 November). As it turned out we substantially underestimated the dynamics. On Friday the SEK experienced perhaps the craziest day ever as EUR/SEK first fell from 10.36 to 10.26 in the morning and the spiked to 10.69 in the afternoon, 43 figures in just a few

Further reduction of EUR shorts, speculative investors turn bullish on oil

danskeresearch@danskebank.com (Danske Bank A/S) — Tue, 25 Nov 2008 14:39:59 GMT

The latest IMM data covers the week from 11 to 18 November. While overall positions saw little change, EUR shorts were further reduced while CHF, CAD and GBP shorts were extended. Speculative positions in oil saw a major turnaround as net longs were established. The reduction in EUR shorts marks the week's biggest change in currency positions. Since 21 October, EUR shorts against USD have constantly been reduced. Net short CHF, CAD and GBP positions were extended, consistent with the moves in

Forex Market Outlook on Majors

cs@acetrader.com (AceTrader) — Tue, 25 Nov 2008 09:07:15 GMT

INTRA-DAY GBP/USD OUTLOOK : 1.5131 Updating time : 25 Nov 2008 08:20 GMT Cable's rebound fm 1.5068 signals an intra-day low has been formed there n consolidation with up- side bias wud be seen but firm break of 1.5159/60 is needed to confirm correction fm 1.5190 (Aust.) has ended there n bring re-test of this lvl. Buy again on dips with stop as indicated, only below 1.5068 wud risk weakness to 1.5035/40... Range Forecast 1.5110 / 1.5150 Resistance/Support R:

Daily Technical Outlook - Tuesday 11.25.2008

office@e-forex.ro (E-Forex) — Tue, 25 Nov 2008 07:35:28 GMT

EURUSD Strengthening across the board, the Euro trades higher versus the greenback, testing resistance at 1.2925/50 on yesterday. A sustained break of the said resistance will suggest further upside action, exiting the monthly range. Support is now formed by the previous resistance region of 1.2810-1.2825 and it is being tested at the time of this report. A pullback below the intraday downside barrier into this area may extend losses towards next important support which is seen at 1.2700,

USD/JPY Daily Outlook

cs@acetrader.com (AceTrader) — Tue, 25 Nov 2008 07:34:47 GMT

INTRA-DAY USD/JPY OUTLOOK: 96.41 Updating time : 25 Nov 2008 06:36 GMT Despite intra-day retreat fm 97.44 (Aust.) to 96.24, as this move is viewed as a correction of y'day's rally, reckon downside wud be ltd n yield rebound but abv 97.00/05 is needed to signal pull- back has ended n bring re-test of 97.44. Remain as cautious buyer with stop as indicated, break wud risk weakness twd 95.90 b4 up... Range Forecast

EUR/USD Daily Outlook

cs@acetrader.com (AceTrader) — Tue, 25 Nov 2008 06:21:12 GMT

INTRA-DAY EUR/USD OUTLOOK : 1.2855 Updating time :25 Nov 2008 05:26 GMT Despite intra-day rebound after finding renewed buying at 1.2821, abv 1.2890/95 is needed to signal the retreat fm Australian high at 1.2960 has ended, otherwise, risk is seen for another corrective fall n below said sup wud extend to 1.2790/00. Exit intra-day long n stand aside. Abv 1.2890/95 wud signal upmove has resumed, 1.2920/30 n 1.2960.. Range Forecast 1.2835 /

The Daily Forecaster

info@fx-forecaster.com (FX-Forecaster.com) — Tue, 25 Nov 2008 03:33:23 GMT

. Bias: While 1.2043-69 caps I feel the greater risk is still lower to 1.1781 at least

Daily Technical Outlook - Monday 11.24.2008

office@e-forex.ro (E-Forex) — Mon, 24 Nov 2008 07:40:23 GMT

EURUSD The Euro trades on the upside, pushing towards the resistance at 1.2700 which is followed by 1.2825 and 1.2925 higher. Daily sentiment is slightly bullish but has to be confirmed by a sustained break of resistance at 1.2810/25. Support is seen at 1.2575 backed by 1.2500 and 1.2420. Hourly studies are bullish at the time of this report and will remain so while holding above 1.2575. Below 1.2575 should resume downtrend. Current quote is 1.2626 @07:35 GMT Support levels: 1.2575, 1.2500 and

Forex Market Outlook on Majors

cs@acetrader.com (AceTrader) — Mon, 24 Nov 2008 07:32:37 GMT

INTRA-DAY GBP/USD OUTLOOK : 1.4919 Updating time : 24 Nov 2008 07:13 GMT As cable has retreated after failing to break res at 1.4975, suggesting intra-day choppy trading wud continue n weakness to 1.4890 cannot be ruled out, however, only breach of 1.4842 sup wud confirm top is formed, 1.4800/10. Abv said res wud extend nr term erratic rise fm 1.4702 (Friday's low) to 1.5000/10. Stand aside... Range Forecast 1.4905 / 1.4945 Resistance/Support R:

USD/JPY Daily Outlook

cs@acetrader.com (AceTrader) — Mon, 24 Nov 2008 06:49:18 GMT

INTRA-DAY USD/JPY OUTLOOK: 95.29 Updating time : 24 Nov 2008 06:35 GMT Although dlr has retreated after intra-day re- bound fm 94.94 to 95.56 n consolidation with mild downside bias is seen, break of said sup is needed to signal fall fm 96.08 top has resumed to 94.80, then twds 94.44. Abv said res wud bring another bounce to 95.80 but reckon 96.08 wud hold. Stand aside for now... Range Forecast 95.00 / 95.40

EUR/USD Daily Outlook

cs@acetrader.com (AceTrader) — Mon, 24 Nov 2008 06:47:12 GMT

Weekly Currency Outlook

fx.analysis@z2fx.com (Z2FX) — Mon, 24 Nov 2008 05:03:09 GMT

Week 48 of 2008 Nov 14 - Nov 28 EURUSD (1.2577) EURUSD is expected to continue its downward trend this week and break of 1.2400 will set 1.2320 as next target for EURUSD, break of 1.2320 will take it towards 1.2180 level. But before doing so, we might see some upward move towards 1.2820 level from EURUSD which might further extend towards 1.2930 level. In general selling EURUSD for anything over 1.2800 seems a very good trading opportunity during this week. Resistances 1.2680 1.2820 1.2930

The Daily Forecaster

info@fx-forecaster.com (FX-Forecaster.com) — Mon, 24 Nov 2008 03:39:52 GMT

. Bias: We require a break above this morning's 1.2655 high to maintain gains for 1.2732 and 1.2855

Forex Market Outlook on Majors

cs@acetrader.com (AceTrader) — Fri, 21 Nov 2008 08:22:25 GMT

INTRA-DAY GBP/USD OUTLOOK : 1.4830 Updating time : 21 Nov 2008 08:03 GMT Although cable has retreated after intra-day rise to 1.4896 n pullback to 1.4800/10 is likely, reckon downside wud be ltd to 1.4780 (prev. res) n yield rebound, abv said res wud extend gain twds 1.4926 later. Buy dips with stop as indicated, break wud pro- long choppy trading n risk 1.4740... Range Forecast 1.4805 / 1.4855 Resistance/Support R: 1.4896/1.4926/1.4996 S: 1.4788/1.4712/1.4684

The Daily Forecaster

info@fx-forecaster.com (FX-Forecaster.com) — Fri, 21 Nov 2008 07:55:25 GMT

Please see attached file

EUR/USD Daily Outlook

cs@acetrader.com (AceTrader) — Fri, 21 Nov 2008 05:56:35 GMT

INTRA-DAY EUR/USD OUTLOOK : 1.2500 Updating time :21 Nov 2008 04:29 GMT Euro's strg rebound fm 1.2423 on cross buying vs yen n chf indicates an intra-day low has been made n consolidation with mild upside bias is seen for correction of recent decline to 1.2520/30 but abv 1.2560 is needed to abort daily bearishness. Below 1.2445/50 wud yield another fall to said sup n then twds 1.2388. Stand aside for now... Range Forecast 1.2470 / 1.2520

Daily Technical Outlook - Friday 11.21.2008

office@e-forex.ro (E-Forex) — Fri, 21 Nov 2008 05:00:04 GMT

EURUSD The downside is under renewed pressure as the Euro reached daily lows at 1.2420, only 90 points away from the recent yearly low at 1.2330. Resistance is seen at 1.2575 followed by 1.2620/35 and 1.2700 higher. Intraday support starts at 1.2420 backed by 1.2395 and 1.2330. The daily studies are bearish while hourlies are slightly bullish at the time of this report. Pullbacks on the upside are likely to face solid resistance into the 1.2620-1.2700 region. Current quote is 1.2490 @05:00 GMT

The Daily Forecaster

info@fx-forecaster.com (FX-Forecaster.com) — Fri, 21 Nov 2008 03:35:02 GMT

. Bias: Support is at 93.10-37 and I suspect this area will hold for a reversal higher

USD/JPY Daily Outlook

cs@acetrader.com (AceTrader) — Fri, 21 Nov 2008 01:24:25 GMT

INTRA-DAY USD/JPY OUTLOOK: 94.14 Updating time : 21 Nov 2008 00:05 GMT Although dlr has recovered after y'day's cross- inspired selloff to 93.55 (o/n NY low) n minor con- solidation is seen in Asia, reckon 94.60/70 wud limit upside n bring another fall but nr term loss of momentum shud keep price abv 93.00 in Asia. Sell on further rise for 93.95 n if dlr drops to 93.30 1st, venture long for rebound to 93.85...

EUR/USD Daily Outlook

cs@acetrader.com (AceTrader) — Thu, 20 Nov 2008 08:58:58 GMT

INTRA-DAY EUR/USD OUTLOOK : +1.2512+ Updating time :20 Nov 2008 08:27 GMT Current retreat after intra-day rebound to 1.25 37 suggests consolidation with downside bias wud be seen, however, break of 1.2470 sup is needed to con firm decline has resumed n extend weakness twd 1.24 50 n possibly 1.2420/30. Sell again on recovery with stop as indicated, abv wud risk correction to 1.2590/00 b4 down... Range Forecast +1.2495 / 1.2530+

Daily Technical Outlook - Thursday 11.20.2008

office@e-forex.ro (E-Forex) — Thu, 20 Nov 2008 07:42:56 GMT

EURUSD The Euro declined on yesterday after the failed test of the 1.2800 resistance, reaching lows at 1.2470 which is the first intraday support now, backed by 1.2395 and 1.2330/35. Upside barriers are eyed at 1.2575 followed by 1.2635, 1.2700 and 1.2800 higher. Daily momentum is bearish and downtrend may resume, breaking the minor support at 1.2470. Hourly studies are slightly bullish. Current quote is 1.2532 @07:40 GMT Support levels: 1.2470, 1.2395 and 1.2330/35. Resistance levels: 1.2575,

The Daily Forecaster

info@fx-forecaster.com (FX-Forecaster.com) — Thu, 20 Nov 2008 03:22:58 GMT

. Bias: I note support at 118.30 which I feel will hold for a reversal higher