Daily Market Comment

[RF_TRADERTIP]

Thursday September 8, 2005




EUR-USD
1.2416. Downtrend is still intact.It should continue to fall to 1.2411 or 1.2369 if resistance at 1.2453 area doesnt break . Direct rise above 1.2453 could turn the picture bullish for a corrective up move to 1.2477 or even 1.2501 limit .
USD-CHF
1.2431. A corrective/consolidation activity between 1.2346 and 1.2539 is likely for a while.
USD-JPY
110.10. Uptrend is still intact in a triangle configuration. It should continue to rally to 110.53 or 110.81 if support around 109.94 hold. After which a pullback to 109.94 - 109.76 zone is possible.
GBP-USD
1.8366. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.8356 or 1.8326. Major support is clustered around 1.8283 limit.
EUR-CHF
1.5434. One more dip to 1.5422 or 1.5409 is likely followed by a grind higher to above 1.5441 or 1.5459. After which it can resume its downtrend.
EUR-JPY
136.70. While below 136.49 - 136.79 it might drop to 136.2 or below 135.69 zone.
EUR-GBP
0.6760. Downtrend is still intact.It should continue to fall to 0.6758 or 0.6745 if resistance at 0.677 area doesnt break . Direct rise above 0.677 could turn the picture bullish for a corrective up move to 0.6777 or even 0.6784 limit .
AUD-USD
0.7656. While below 0.7654 - 0.767 it might drop to 0.7638 or below 0.7619 zone.
USD-CAD
1.1883. Market should pop up towards 1.1934 or 1.1984 this bullish scenario would be damaged if 1.188 - 1.1873 zone is broken, a severe break down could then occur.

 

[RF_TRADERTIP]

Friday September 9, 2005

EUR-USD
1.2398. It should register further gains to 1.2440 while 1.2370 caps downside attempts. Stop loss below 1.2341 zone.
USD-CHF
1.2447. Currently uptrend should end around 1.2462 - 1.2481 area. A correction down to below 1.2399 is expected. A rise above 1.2516 will abort the expected correction.
USD-JPY
110.51. A correction down to 110.13 or lower is now expected from 110.57 or 110.76. A break above 111.01 is needed to turn bullish.
GBP-USD
1.8357. There is bearish potential for a fall to 1.8311 or 1.8266 while 1.8400 - 1.8422 resist. After this fall a recovery up to 1.8400 or 1.8422 is expected.
EUR-CHF
1.5431. It may attempt a test higher to 1.5436 after which weakness may set it to a drift down to below 1.5420 limit.
EUR-JPY
137.02. A correction down to 136.62 or lower is now expected from 136.97 or 137.17. A break above 137.71 is needed to turn bullish.
EUR-GBP
0.6753. One more dip to 0.6737 is likely followed by a grind higher to above 0.6763. After which it can resume his downtrend.
AUD-USD
0.7730. Current rise seems to be over near 0.7732 or 0.7758 for a retracement towards 0.7706 - 0.7692 area.
USD-CAD
1.1815. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.1786 or 1.1785. Major support is clustered around 1.1748 limit.

 

[RF_TRADERTIP]

Forex Daily Market Comment

Monday September 12, 2005




EUR-USD

1.2412. While above 1.2394 - 1.2372 zone a corrective upmove could test 1.2436 or 1.2456. After which it should resume its downtrend.

USD-CHF

1.2434. Corrective dips should ideally halt near 1.243 or 1.2411 for one more thrust upwards towards 1.2452 - 1.2473 area or 1.2512 in extention. Fall below 1.2391 puts it back on a downward path.

USD-JPY

109.68. There is bearish potential for a fall to 109.19 while 109.98 - 110.22 resist. After this fall a recovery up to 110.22 or 110.46 is expected.

GBP-USD

1.8394. Current upmove should be over between1.8410 and 1.8380. A correction down to 1.8275 is anticipated. A break of 1.8439 is bullish.

EUR-CHF

1.5434. It looks set for gains to above 1.5450. Supports at 1.5424 and 1.5431. A break of 1.5416 will damage this bullish structure.

EUR-JPY

136.14. There is bearish potential for a fall to 135.65 or 135.15 while 136.86 - 137.11 resist. After this fall a recovery up to 136.86 or 137.11 is expected.

EUR-GBP

0.6748. Preferred outlook is for a drift down to below 0.6726. Resistances are at 0.6748 and 0.6753. A rise above 0.6764 would delay but not abort this expected fall.

AUD-USD

0.7747. A correction down to 0.7717 or lower is now expected from 0.7750 or 0.7765. A break above 0.7783 is needed to turn bullish.

USD-CAD

1.1774. Current fall is near an end of wave around 1.1684 - 1.1764 zone, a rally should then procede to above 1.1803 or 1.1828. Fall below 1.1673 would cancel this scenario.

 

[RF_TRADERTIP]

EUR-USD

1.2286. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.2240 or 1.2233. Major support is clustered around 1.2173 limit.

USD-CHF

1.2579. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2629 or 1.2701 if support around 1.2534 hold. After which a pullback to 1.2534 - 1.2504 zone is possible.

USD-JPY

110.34. It should test 111.61 area after which a sell off down to 109.46 or extended to 108.59 area is expected.

GBP-USD

1.8199. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.8177 or 1.8112. Major support is clustered around 1.7986 limit.

EUR-CHF

1.5456. It should trade higher to 1.5469 while 1.5445 or 1.5438 offers support. Stop loss below 1.5431 zone.

EUR-JPY

135.57. It should test higher than 135.95. Entry point are at 135.23 and 135.04. A break of 134.51 is bearish.

EUR-GBP

0.6751. Market should hold major support at 0.6717 before rising towards 0.6766 or even 0.6780 limit.

AUD-USD

0.7686. There is bearish potential for a fall to 0.7659 while 0.7712 - 0.7725 resist. After this fall a recovery up to 0.7725 or 0.7738 is expected.

USD-CAD

1.1872. It should trade higher to 1.1914 while 1.1837 or 1.1816 offers support. Stop loss below 1.1795 zone.

 

[RF_TRADERTIP]

Realtime Forex Daily Market Comment

Wednesday September 14, 2005


EUR-USD

1.2266. It may meet resistance in 1.2266 - 1.2279 zone for a drift down to 1.2228 zone, after which bounce to 1.2292 is anticipated.

USD-CHF

1.2614. One move lower to 1.2560 or 1.2506 is anticipated while below 1.2627 - 1.2654 area. Stop loss above 1.2694 zone.

USD-JPY

110.65. While below 111.04 it is more likely to fall further towards 110.39 or 110.19. Premature rise above 111.04 could see it rising above 111.44 zone.

GBP-USD

1.8223. Is expected to fall lower than 1.8152. Entry sell point are at 1.8237 or 1.8255 . Stop loss above 1.8255.

EUR-CHF

1.5473. Current rise should end around 1.5468 or 1.5492. Objectives of this downmove are 1.5449 or 1.5425. A rise above 1.5511 is again bullish.

EUR-JPY

N/C

EUR-GBP

0.6732. It should register gains to 0.6746. Corrective decline should be supported in 0.6729 - 0.6718 area. Stop Loss below 0.6705 zone.

AUD-USD

0.7684. Current fall is near an end of wave around 0.7653 - 0.7672 zone, a rally should then procede to above 0.7697 or 0.7705. Fall below 0.7650 would cancel this scenario.

USD-CAD

1.1816. While above 1.1797 - 1.1767 zone a corrective upmove could test 1.1850 or 1.1874. After which it should resume its downtrend.

 

[rossored]

Nico, please confine further comments to one thread - there is no need to start a new thread each day. As such, I have merged all the previous "daily" threads into this one thread.

Thanks

 

[RF_TRADERTIP]

Nico, please confine further comments to one thread - there is no need to start a new thread each day. As such, I have merged all the previous "daily" threads into this one thread.

Thanks

OK I will do it with pleasure.

Regards. Nico.

 

[RF_TRADERTIP]

Realtime Forex Daily Market Comment

Thursday September 15, 2005




EUR-USD

1.2285. It is a triangle configuration. Market should break either side. Acceleration should occur above 1.2331 or under 1.2257 limits.

USD-CHF

1.2578. It is likely to fall towards 1.2532 as its corrective rally could falter in 1.2601 - 1.2578 area. Stop above 1.2624 zone.

USD-JPY

110.38. It should be subject to more sell off towards 109.91 or 109.43. Corrective upward swings should face resistance around 110.43 area. A break of 111.65 is bullish.

GBP-USD

1.8237. Our preferred view is for a drift down to 1.8200 or below 1.8164. Resistances is at 1.8193. A rise above 1.8288 would delay but not abort this expected fall.

EUR-CHF

1.5452. Preferred outlook is for a drift down to below 1.5427. Resistances are at 1.5452 and 1.5458. A rise above 1.5470 would delay but not abort this expected fall.

EUR-JPY

135.61. While below 135.66 - 135.84 it might drop to 135.25 or below 134.88 zone.

EUR-GBP

0.6736. It should test 0.6743 area after which a sell off down to 0.6724 or extended to 0.6713 area is expected.

AUD-USD

0.7716. Current upmove should continue up to 0.7741 or 0.7765. Any correction should find support in 0.7711 - 0.7699 zone.

USD-CAD

1.1805. It is likely to attempt nearer support at 1.1779 for extending further to below 1.1753 while below 1.1805 - 1.1822 area. Rise above 1.1835 would dampen this bearish expectation.

 

[RF_TRADERTIP]

Realtime Forex Daily Market Comment

Friday September 16, 2005


EUR-USD

1.2223. Market should pop up towards 1.2278 or 1.2332 this bullish scenario would be damaged if 1.2190 - 1.2186 zone is broken, a severe break down could then occur.

USD-CHF

1.2676. Current rise seems to be over near 1.2686 or 1.2723 for a retracement towards 1.2649 - 1.2625 area.

USD-JPY

110.64. It should be subject to more sell off towards 110.29 or 109.95. Corrective upward swings should face resistance around 111.04 area. A break of 110.96 is bullish.

GBP-USD

1.8060. Market should meet resistance at 1.8115. We expect then an extended move down to 1.7998 -1.7895 area.

EUR-CHF

1.5494. Market looks set for gains towards 1.5513 or above in extension. Dips should find support at 1.5482 zone.

EUR-JPY

135.23. It should test 135.39 area after which a sell off down to 134.61 or extended to 134.00 area is expected.

EUR-GBP

0.6768. It should trade higher to 0.6789 while 0.6752 or 0.6742 offers support. Stop loss below 0.6732 zone.

AUD-USD

0.7666. Current fall seems to be over near 0.7660 or 0.7640 for a rebound towards 0.7680 - 0.7693 area.

USD-CAD

1.1849. Strength can extend to 1.1873 or even higher than 1.1899 as declines are expected to find support at 1.1823 or 1.1798. Stop Loss below 1.1746 zone.

 

[RF_TRADERTIP]

Realtime Forex Daily Market Comment

Tuesday September 20, 2005


EUR-USD

1.2141. It should test higher than 1.2177. Entry point are at 1.2121 and 1.2103. A break of 1.2065 is bearish.

USD-CHF

1.2785. One move lower to 1.2742 or 1.2698 is anticipated while below 1.2798 - 1.2820 area. Stop loss above 1.2854 zone.

USD-JPY

111.53. Current rise should end around 111.46 or 111.75. Objectives of this downmove are 111.24 or 110.95. A rise above 111.97 is again bullish.

GBP-USD

1.8023. Market should hold major support at 1.7950 before rising towards 1.8068 or even 1.8114 limit.

EUR-CHF

1.5523. It should trade higher to above 1.5540 while 1.5511 offer support. Minor support at 1.5503. Stop Loss below 1.5466 zone.

EUR-JPY

135.40. Current fall is near an end of wave around 135.01 - 135.39 zone, a rally should then procede to above 135.59 or 135.79. Fall below 134.63 would cancel this scenario.

EUR-GBP

0.6737. It may meet resistance in 0.6737 - 0.6739 zone for a drift down to 0.6731 zone, after which bounce to 0.6747 is anticipated.

AUD-USD

0.7670. Market should hold major support at 0.7625 before rising towards 0.7694 or even 0.7719 limit.

USD-CAD

1.1678. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.1623 or 1.1616. Major support is clustered around 1.1543 limit.

:idea:

 

[RF_TRADERTIP]

Realtime Forex Daily Market Comment

Wednesday September 21, 2005

EUR-USD

1.2115. It might hold above 1.2114 or around 1.2112 for a rise towards above 1.2166. Stop loss below 1.2088 zone.

USD-CHF

1.2821. Currently uptrend should end around 1.2854 - 1.2849 area. A correction down to below 1.2768 is expected. A rise above 1.2878 will abort the expected correction.

USD-JPY

111.96. Market looks set for gains towards 112.26 or above in extension. Dips should find support at 111.90 zone.

GBP-USD

1.7981. Prefer a fall to 1.7981 or 1.7946. Then a correction to 1.8032 is anticipated. A clear break of 1.7912 is again bearish.

EUR-CHF

1.5534. Current upmove should be over between1.5541 and 1.5532. A correction down to 1.5499 is anticipated. A break of 1.5550 is bullish.

EUR-JPY

135.64. It should trade higher to 136.02 or above 136.40 in extention. Supports at 135.40 and 135.59. Stop loss below 135.21 zone

EUR-GBP

0.6737. A drift to below 0.6726 or maximum 0.6716 is expected to precede a rally towards above 0.6744 or 0.6749. Fall below 0.6716 would be bearish.

AUD-USD

0.7664. It looks more likely that it would rise to above 0.7689 or 0.7701 from 0.7659 or 0.7640. After which a downside move to below 0.7616 is expected.

USD-CAD

1.1707. Is expected to fall lower than 1.1632. Entry sell point are at 1.1712 or 1.1730. Stop loss above 1.1730.

 

[RF_TRADERTIP]

Realtime Forex Daily Market Comment

Thursday September 22, 2005


EUR-USD

1.2213. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2250 or 1.2316 if support around 1.2188 hold. After which a pullback to 1.2188 - 1.2162 zone is possible.

USD-CHF

1.2708. Market should meet resistance at 1.2737. We expect then an extended move down to 1.2668 -1.2621 area.

USD-JPY

111.30. Market should pop up towards 111.89 or 112.47 this bullish scenario would be damaged if 111.11 - 110.9 zone is broken, a severe break down could then occur.

GBP-USD

1.8096. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.8118 or 1.8231 if support around 1.8062 hold. After which a pullback to 1.8062 - 1.8028 zone is possible.

EUR-CHF

1.5521. It is likely to fall towards 1.5505 as its corrective rally could falter in 1.5531 - 1.5522 area. Stop above 1.5539 zone.

EUR-JPY

135.95. While below 136.32 it is more likely to fall further towards 135.74 or 135.56. Premature rise above 136.32 could see it rising above 136.68 zone.

EUR-GBP

0.6749. It should find support in 0.6736 - 0.6723 area for a rally to 0.6773. Unexpected fall below 0.6723 will dent this bullish view.

AUD-USD

0.7714. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7736 or 0.7775 if support around 0.7700 hold. After which a pullback to 0.7700 - 0.7685 zone is possible.

USD-CAD

1.1676. Market should pop up towards 1.1719 or 1.1762 this bullish scenario would be damaged if 1.1672 - 1.1658 zone is broken , a severe break down could then occur.

 

[RF_TRADERTIP]

Realtime Forex Daily Market Comment

Friday September 23, 2005




EUR-USD

1.2154. It is a triangle configuration. Market should break either side. Acceleration should occur above 1.2270 or under 1.2132 limits.

USD-CHF

1.2785. It may attempt a test higher to 1.2798 - 1.2844 after which weakness may set it to a drift down to below 1.2692 limit.

USD-JPY

111.71. It may attempt a test higher to 111.77 after which weakness may set it to a drift down to below 111.23 limit.

GBP-USD

1.7907. There is bearish potential for a fall to 1.7808 or 1.7709 while 1.8028 - 1.8077 resist. After this fall a recovery up to 1.8028 or 1.8077 is expected.

EUR-CHF

1.5540. It should trade higher to 1.5554 while 1.5534 or 1.5527 offers support. Stop loss below 1.5520 zone.

EUR-JPY

135.78. While below 135.90 - 136.15 it might drop to 135.28 or below 134.77 zone.

EUR-GBP

0.6788. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.6815 or 0.6830 if support around 0.6777 hold. After which a pullback to 0.6777 - 0.6767 zone is possible.

AUD-USD

0.7626. There is bearish potential for a fall to 0.7584 while 0.7657 - 0.7678 resist. After this fall a recovery up to 0.7678 or 0.7698 is expected.

USD-CAD

1.1716. Difficult to predict the next move. If first down it should hold 1.1670 or 1.1652 to 1.1751. If first up it should face resistance in 1.1719 - 1.1751 zone to 1.1652 zone

 

[RF_TRADERTIP]

Realtime Forex Daily Market Comment

Monday September 26, 2005



EUR-USD

1.2047. Support at 1.2045 or 1.1964 should hold the downside for a correction to above 1.2126 zone.

USD-CHF

1.2920. Currently uptrend should end around 1.3010 - 1.2970 area. A correction down to below 1.2823 is expected. A rise above 1.3020 will abort the expected correction.

USD-JPY

112.45. Current rise seems to be over near 112.46 or 112.87 for a retracement towards 112.04 - 111.84 area.

GBP-USD

1.7775. It may meet resistance in 1.7775 - 1.7821 zone for a drift down to 1.7637 zone, after which bounce to 1.7853 is anticipated.

EUR-CHF

1.5564. Current rise should end around 1.5557 or 1.5579. Objectives of this downmove are 1.5543 or 1.5521. A rise above 1.5593 is again bullish.

EUR-JPY

135.47. Market should hold major support at 134.68 before rising towards 135.86 or even 136.24 limit.

EUR-GBP

0.6777. Decline should be supported around 0.6766 - 0.6755 zone for rally to above 0.6809. A clear break of 0.6755 will damage this expected rally.

AUD-USD

0.7573. It may meet resistance in 0.7573 - 0.7593 zone for a drift down to 0.7513 zone, after which bounce to 0.7604 is anticipated.

USD-CAD

1.1708. There are initial signs of a good corrective recovery towards 1.1733 or even 1.1749. Supports at 1.1696 and 1.1675 zone.

 

[RF_TRADERTIP]

Realtime Forex Daily Market Comment

Tuesday September 27, 2005


EUR-USD

1.2072. It should stay in a range trading between 1.2029 and 1.2098 for a while.

USD-CHF

1.2894. Should fall around 1.2831 while below 1.2894 - 1.2888 zone. Then a recovery up to above 1.2929 is expected.zone.

USD-JPY

112.16. Decline should be supported around 111.97 - 111.77 zone for rally to above 112.79. A clear break of 111.77 will damage this expected rally.

GBP-USD

1.7791. It should stay in a range trading between 1.7733 and 1.7822 for a while.

EUR-CHF

1.5565. N/C

EUR-JPY

135.40. Market should hold major support at 135.01 before rising towards 135.74 or even 136.08 limit.

EUR-GBP

0.6786. Decline should be supported around 0.6774 - 0.6762 zone for rally to above 0.6812. A clear break of 0.6762 will damage this expected rally.

AUD-USD

0.7572. It should stay in a range trading between 0.7551 and 0.759 for a while.

USD-CAD

1.1727. While below 1.1710 or 1.1739 it could fall towards below 1.1680 or 1.1633. After which a corrective/consolidation activity is expected to 1.1763 zone.

 

[RF_TRADERTIP]

Realtime Forex Daily Market Comment

Wednesday September 28, 2005


EUR-USD

1.2013. It should see a sell off to below 1.1966 while 1.2025 area curtails its upside. A break beyond 1.2071 will abort the downside.

USD-CHF

1.2959. Current upmove should end around 1.2989 - 1.3010 area. A correction down to below 1.2895 or even 1.2831 is expected. A rise above 1.3061 will abort the expected correction.

USD-JPY

113.29. Uptrend is still intact in a triangle configuration. It should continue to rally to 113.67 or 114.37 if support around 112.98 hold. After which a pullback to 112.98 - 112.71 zone is possible.

GBP-USD

1.7664. Market should meet resistance at 1.7700. We expect then an extended move down to 1.7613 -1.7556 area.

EUR-CHF

1.5567. Our preferred view is for a drift down to 1.5553 or below 1.5539. Resistances is at 1.5558. A rise above 1.5584 would delay but not abort this expected fall.

EUR-JPY

136.09. Current rise seems to be over near 136.17 or 136.43 for a retracement towards 135.90 - 135.73 area.

EUR-GBP

0.6799. Current rise should end around 0.6796 or 0.6810. Objectives of this downmove are 0.6786 or 0.6772. A rise above 0.6820 is again bullish.

AUD-USD

0.7559. Market should hold major support at 0.7527 before rising towards 0.7579 or even 0.7598 limit.

USD-CAD

1.1778. Current rise seems to be over near 1.1794 or 1.1827 for a retracement towards 1.1760 - 1.1735 area.

 

[RF_TRADERTIP]

Realtime Forex Daily Market Comment

Thursday September 29, 2005




EUR-USD

1.2036. It may attempt a test higher to 1.2046 after which weakness may set it to a drift down to below 1.2000 limit.

USD-CHF

1.2923. While below 1.2917 or 1.2939 it could fall towards below 1.2866. Rise above 1.2953 could activate some bullish pattern.

USD-JPY

113.10. Decline should be supported around 112.84 - 112.58 zone for rally to above 113.70. A clear break of 112.58 will damage this expected rally.

GBP-USD

1.7679. Market should hold major support at 1.7580 before rising towards 1.7730 or even 1.7782 limit.

EUR-CHF

1.5555. It is likely to fall towards 1.5541 as its corrective rally could falter in 1.5565 - 1.5557 area. Stop above 1.5572 zone.

EUR-JPY

136.13. Current rise should end around 136.06 or 136.30. Objectives of this downmove are 135.88 or 135.64. A rise above 136.48 is again bullish.

EUR-GBP

0.6808. Corrective dips should halt near 0.6791 for one more thrust upwards towards 0.6815. Stop loss below 0.6773 zone.

AUD-USD

0.7591. Market looks set for gains towards 0.7613 or above in extension. Dips should find support at 0.7578 - 0.7567 zone.

USD-CAD

1.1740. It looks more likely that it would rise to 1.1798 from 1.1731 or 1.1702. After which a downside move is expected.

 

[RF_TRADERTIP]

Realtime Forex Daily Market Comment

Friday September 30, 2005




EUR-USD

1.2031. It is a triangle configuration. Market should break either side. Acceleration should occur above 1.2076 or under 1.2006 limits.

USD-CHF

1.2939. It should be subject to more sell off towards 1.2889 or 1.2838. Corrective upward swings should face resistance around 1.2956 area. A break of 1.3006 is bullish.

USD-JPY

113.00. It should test 113.09 area after which a sell off down to 112.70 or extended to 112.40 area. is expected.

GBP-USD

1.7612. It should register gains to 1.7658. Corrective decline should be supported in 1.7602 - 1.7568 area. Stop Loss below 1.7525 zone.

EUR-CHF

1.5569. Any possible decline should be supported around 1.5550 - 1.5531 zone for rally to above 1.5609. A clear break of 1.5531 will damage this expected rally.

EUR-JPY

135.96. Our preferred outlook is for a drift down to 135.66 or below 135.37. Resistances are at 135.96 and 136.04. A rise above 136.33 would delay but not abort this expected fall.

EUR-GBP

0.6830. Currently uptrend should end around 0.6847 - 0.6841 area. A correction down to below 0.6813 is expected. A rise above 0.6852 will abort the expected correction

AUD-USD

0.7599. Resistances lie around 0.7612 and 0.7648. It should test lower towards 0.7576 zone. A clear break of 0.7594 would be bearish.

USD-CAD

1.1717. Market should pop up towards 1.1768 or 1.1819 this bullish scenario would be damaged if 1.1694 - 1.1684 zone is broken, a severe break down could then occur.

:idea: :idea: :idea:

 

[RF_TRADERTIP]

Realtime Forex Daily Market Comment

Monday October 3, 2005




EUR-USD

1.2021. While below 1.2036 - 1.2056 it might drop to 1.1981 or below 1.1942 zone.

USD-CHF

1.2942. It looks set for gains to above 1.2996. Supports at 1.2898 and 1.2925. A break of 1.2871 will damage this bullish structure.

USD-JPY

113.49. Current rise seems to be over near 113.59 or 113.81 for a retracement towards 113.36 - 113.21 area.

GBP-USD

1.7643. It is a triangle configuration . Market should break either side.Acceleration should occur above 1.7732 or under 1.7566 limits.

EUR-CHF

1.5559. It should be subject to more sell off towards 1.5532 or 1.5505. Corrective upward swings should face resistance around 1.5565 area. A break of 1.55965 is bullish.

EUR-JPY

136.43. Strength can extend to 136.64 or even higher than 136.86 as declines are expected to find support at 136.20 or 135.98. A fall below 135.53 could turn it bearish.

EUR-GBP

0.6814. Decline should be supported around 0.6802 - 0.6791 zone for rally to above 0.6851. A clear break of 0.6791 will damage this expected rally.

AUD-USD

0.7623. Current upmove should be ended around 0.7649 - 0.7675. Any correction consolidation should find support in 0.7617 - 0.7604 zone.

USD-CAD

1.1624.It should see a sell off to below 1.1561 while 1.1651 area curtails its upside. A break beyond 1.1713 will abort the downside.

 

[RF_TRADERTIP]

Realtime Forex Daily Market Comment

Tuesday October 4, 2005




EUR-USD

1.1918. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.1872 or 1.1869. Major support is clustered around 1.1820 limit.

USD-CHF

1.3016. Currently uptrend should end around 1.3051 - 1.3065 area. A correction down to below 1.2945 is expected. A rise above 1.3114 will abort the expected correction.

USD-JPY

114.14. Current upmove should be ended around 114.55 - 114.96. Any correction consolidation should find support in 113.96 - 113.76 zone.

GBP-USD

1.7548. It should register further gains to 1.7615 while 1.7500 caps downside attempts. Stop loss below 1.7453 zone.

EUR-CHF

1.5512. We prefer to see an attempt to below 1.5493 or below 1.5473 in extension. A clear break of 1.5536 is bullish.

EUR-JPY

136.02. While below 136.22 or 136.39 it could fall towards below 135.69 or 135.36. After which a corrective/consolidation activity is expected.

EUR-GBP

0.6791. Market should pop up towards 0.6817 or 0.6844 this bullish scenario would be damaged if 0.6773 - 0.6768 zone is broken, a severe break down could then occur.

AUD-USD

0.7628. Market looks set for gains towards 0.7645 or above in extension. Dips should find support at 0.7617 - 0.7609 zone.

USD-CAD

1.1658. It should test 1.1681 area after which a sell off down to 1.1629 or extended to 1.1599 area is expected.