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Forex news

Here are our latest news about the foreign exchange.

Thursday May 15, 2008



EUR-USD
It should try higher up to 1.5543. Entry point 1.5474 or 1.5452. After this rise, a correction is expected.  

USD-CHF
Should test support at 1.0506 while below 1.0546. If support at 1.0506 holds it can rise up to1.0594, if not it should fall to below 1.0465 zone. 

USD-JPY
One move lower to 104.6 or 104.16 is anticipated while below 105.24 - 105.46 area. Stop loss above 105.88 zone. 

GBP-USD
Is expected to fall lower than 1.9322. Entry sell point are at 1.9467 or 1.9501 . Stop loss above 1.9501. 

EUR-CHF
Current rise should end around 1.6307 or 1.6347. Objectives of this downmove are 1.6276 or 1.6236. A rise above 1.6378 is again bullish. 

EUR-JPY
A correction down to 161.89 folowed buy a mouve up to 162.72 or 163.06. A break above 163.56 would accelerate this bullish move. 

EUR-GBP
Corrective dips should ideally halt near 0.7948 or 0.7939 for one more thrust upwards towards 0.7959 - 0.797 area or 0.7989 in extention. Fall below 0.7929 puts it back on a downward path. 

AUD-USD
It is likely to attempt to below 0.9235 while below 0.9343 - 0.9358 area. Rise above 0.9412 would dampen this bearish expectation. 

USD-CAD
It may attempt a test higher to 1.0053 - 1.0082 after which weakness may set it to a drift down to below 0.9978 limit. 



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The information contained herein has been obtained from sources believedto be reliable, but is not necessarily complete and its accuracy cannotbe guaranteed. Any views expressed may change without notice.

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