Realtime Forex Daily Market Comment

[nico3725]

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 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.

[Iris]

Hello Nico..........

Great Job my Friend....you definately covered all the bases.

regards
Iris

[nico3725]

Thanks

The commentary is updated at 22.00 GMT.

I will try to post it a bit earlier next time...

[Iris]

Look Forward to it Nico.......

Nice Commentary Summation...with containment/breakout Entry z.

Showing some of your Swiss Banking secrets.

Thanks.

[_Ayman_]

Thanks for posting your signals here for free Nico