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.
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