Free Forex Signal

Tuesday March 25, 2008

EUR-USD
1.5437. It should trade higher to 1.5482 or above 1.5526 in extention. Supports at 1.5389 and 1.5411. Stop loss below 1.5367 zone

GBP-USD
1.9878. Difficult to predict the next move. If first down it should hold 1.9819 or 1.9799 to 1.9918. If first up it should face resistance in 1.9878 - 1.9918 zone to 1.9799 zone.

USD-JPY
100.57. Uptrend is still intact in a triangle configuration. It should continue to rally to 101.30 or 101.72 if support around 100.31 hold. After which a pullback to 100.31 - 100.03 zone is possible.

USD-CHF
1.0186. While below 1.0253 it is more likely to fall further towards 1.0149 or 1.0115 zone.

Mar 24, 2008
At Time : (time are in GMT+7 or Indonesia Jakarta Time (WIB))
20:30 GBP/USD up (Buy)

GBPUSD’s down trend resumed and dropped sharply to as low as 1.9736 level. Further fall to retest 1.9337 previous low support is still possible. Near term resistance is now at 2.0090, as long as this resistance holds, we’d expect down trend to continue.

For long term analysis, the pair is in long term bearish movement. The rise from 1.9337 is treated as correction to the long term down trend. Further fall towards 1.8000 area to reach the next long term cycle bottom on weekly chart is still possible after correction.