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Daily Market Comments


02
Dec

Forex Market Comments for December 2, 2008

Posted by: Editor

EUR-USD It may meet resistance in 1.261 - 1.2635 zone for a drift down to 1.2536 zone, after which bounce to 1.2661 is anticipated.

USD-CHF While above 1.2039 - 1.2 zone a corrective upmove could test 1.2106 or 1.2134. After which it should resume its downtrend.

USD-JPY Market should meet resistance at 93.94. We expect then an extended move down to 92.51 -90.94 area.

GBP-USD Market should not go lower than 1.4636. After this move down it should go up to 1.4847 - 1.5034 area.

EUR-CHF Market should not go lower than 1.5074. After this move down it should go up to 1.5194 - 1.5272 area.

EUR-JPY Market should not go lower than 115.11. After this move down it should go up to 117.42 - 118.77 area.

EUR-GBP Current rise seems to be over near 0.8499 or 0.8584 for a retracement towards 0.8414 - 0.8357 area.

AUD-USD Market should pop up towards 0.6502 or 0.6604 this bullish scenario would be damaged if 0.6299 - 0.6294 zone is broken, a severe break down could then occur.

USD-CAD Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2536 or 1.2651 if support around 1.2437 hold. After which a pullback to 1.2437 - 1.2395 zone is possible.


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Daily Market Comments


01
Dec

Forex Market Comments for December 1, 2008

Posted by: Editor

EUR-USD Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.2646 or 1.2578. Major support is clustered around 1.2498 limit.

USD-CHF Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2182 or 1.2339 if support around 1.2100 hold. After which a pullback to 1.2100 - 1.2050 zone is possible.

USD-JPY Market looks set for gains towards 95.81 or above in extension. Dips should find support at 95.48 - 95.36 zone.

GBP-USD It should be subject to more sell off towards 1.5296 or 1.5184. Corrective upward swings should face resistance around 1.5516 area. A break of 1.5522 is bullish.

EUR-CHF Market should meet resistance at 1.5444. We expect then an extended move down to 1.5392 -1.5333 area.

EUR-JPY It should see a sell off to below 120.08 while 121.76 area curtails its upside. A break beyond 123.03 will abort the downside.

EUR-GBP Overall structure is bearish. Decelerating momentum could attract it towards supports at 0.8198 or 0.8188. Major support is clustered around 0.81010 limit.

AUD-USD It should trade higher to 0.66 or 0.6651 in extension while 0.6546 offers support. Stop loss below 0.6495 zone.

USD-CAD Resistances lie around 1.2415 and 1.2536. It should test lower towards 1.2294 zone. A clear break of 1.2310 would be bearish.


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Daily Market Comments


27
Nov

Forex Market Comments for November 27, 2008

Posted by: Editor

EUR-USD Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.2838 or 1.2776. Major support is clustered around 1.2750 limit.

USD-CHF Current rise seems to be over near 1.2056 or 1.2130 for a retracement towards 1.1982 - 1.1935 area.

USD-JPY Is expected to fall lower than 94.07. Entry sell point are at 95.80 or 96.20. Stop loss above 96.20.

GBP-USD The structure looks set for going up to 1.5405 in a corrective set of moves from 1.5173 zone. An unexpected fall below 1.5020 would weaken this structure.

EUR-CHF Market looks set for gains towards 1.5550 or above in extension. Dips should find support at 1.5483 - 1.5459 zone.

EUR-JPY Current fall is near an end of wave around 120.62 - 123.08 zone, a rally should then procede to above 123.92 or 124.57. Fall below 120.61 would cancel this scenario.

EUR-GBP Current fall is near an end of wave around 0.8330 - 0.8371 zone, a rally should then procede to above 0.8445 or 0.8473. Fall below 0.8292 would cancel this scenario.

AUD-USD N/A

USD-CAD It should trade higher to 1.2441 while 1.2301 or 1.2245 offers support. Stop loss below 1.2188 zone.


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Daily Market Comments
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