The Forex Markets Today

The Markets Today Tuesday 05August 2008

EUR/USD	1.5505
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Euro is headed lower, target 1.5350. Strong support on the way lower at 1.5500 and 1.5460 may slow the move.		Short-term bearish trend at 1.5535. An hourly close above that can see a pullback to 1.5580.	1.5500 STRONG 1.5535 TREND 1.5460 STRONG 1.5585 KEY 1.5350 TARGET 1.5605 STRONG

GBP/USD	1.9565
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
1.9660 did not hold, Cable is at the lowest levels in 7-weeks and has space to fall to 1.9430.		Short-term bearish resistance at 1.9610 – a breech there may lift the pair to stronger 1.9660, but while the day loses underneath of that we will remain bearish	1.9550 MINOR 1.9615 MINOR 1.9480 STRONG 1.9660 STRONG 1.9430 TARGET 1.9740 KEY

USD/JPY	107.80
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
The top broke, 108.30 resistance held again and the pair returned to strong support at 107.65. BUY here, next attempt up will lead 100 pips higher to 109.35.		Stop longs upon breaking 107.50, risk is a dip to 106.60	107.65 STRONG 107.90 MINOR 107.15 MINOR 108.30 MINOR 106.60 STRONG 109.30 TARGET

USD/CHF	1.0520
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Closed the day at the high, for now holding minor bullish support 1.0500, while above we are looking to extend towards 1.0660		An hourly close underneath of 1.0490 risks 1.0420/40 in the short-term.	1.0500 MINOR 1.0535 MINOR 1.0450 STRONG 1.0590 MINOR 1.0420 KEY 1.0660 TARGET

XAU/USD	885.00
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Looking weak this morning, it has nearly reached our 882 target. This may offer some intermediary support and Gold could pull back to 894 for a new SELL		A fall through 880 has room for 865 or even 850 this week.	882 STRONG 888 MINOR 875 MINOR895 STRONG 895 STRONG 865 STRONG 903 STRONG

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Forex Market Overview

The Markets Today Friday 28 July 2008

EUR/USD	1.5730
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Wait to SELL tops near 1.5750, strong resistance 1.5765, initial strong support 1.5695, a break there has space for a strong move down to 1.5450		Hourly close above 1.5770 stops the short-term view, but we will not go long unless 1.5820 breaks.	1.5695 STRONG 1.5765 STRONG 1.5640 MINOR 1.5820 KEY 1.5500 TARGET 1.5860 STRONG

GBP/USD	1.9875
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
It trades right at the 6-week rising trend this morning, 1.9875 holds the day the pair can challenge 2.00 once again. A break lower does look likely but it needs to break 1.98 to confirm a reversal.		As long as the bullish trend holds and possibility of a daily close above 2.00 exists, Cable could still rally strongly.	1.9870 TREND 1.9930 MINOR 1.9810 STRONG 1.9995 KEY 1.9660 STRONG 2.0060 MINOR

USD/JPY	107.70
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Expect to hold in high range in the short-term 107.60 / 108.10 in slow markets, 107.00 / 108.50 is possible.		Outlook is for further Dollar rise to 109.30 next and 110 target. A break of 107.10 risks 106.60.	107.60 MINOR 108.10 STRONG 107.10 STRONG 108.50 STRONG 105.85 STRONG 109.30 STRONG

USD/CHF	1.0340
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
It risks a set-back to trend-line at 1.0265 before it can continue rising. Wait to BUY on dips.		1.0400 strong resistance, an hourly break above can see a 100 points rise	1.0305 MINOR 1.0370 MINOR 1.0265 TREND 1.0400 KEY 1.0210 MINOR 1.0485 STRONG

XAU/USD	929.00
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
We are carefully bullish in the very short-term only, looking for a rise to 935 or even 940. Medium-term traders should wait to establish short up there.		A break of strong support 926 risks a fall to 916.90, a lower daily close is bearish Gold for 870-ish	926 STRONG 934 MINOR 916.90 KEY 939 STRONG 908 MINOR 945 TREND

Throughout our partnership with the industrial leaders, we are capable of delivering incomparable quality of online currency trading service.
ForexGen services are all controlled by the international banking and financial regulatory standards.
ForexGen is continuously providing the Forex market's safest trading terms & conditions. Providing professional currency trading services that meet our client's expectations is our first priority.

ForexGen principals:

ForexGen customer satisfaction is our major objective. To reach our business goals, we strive to put our client's goals in focus. We highly value our clients and always aim to exceed their expectations and cross the limitations encountered by the sophistication of the Forex trading industry.

The Forex Markets Today

The Markets Today Thursday 17 July 2008 / 10:35h CET

EUR/USD	1.5860
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
It dropped but has so far not reached the bullish trend-line at 1.5770 today. While underneath of 1.5890 we like to be short and see a test of that key support.		An hourly close above 1.5890 is a buy signal for 1.5960 in the short-term and possible retry of 1.6030.	1.5840 MINOR 1.5890 STRONG 1.5775 TREND 1.5960 MINOR 1.5730 MINOR 1.6030 STRONG

GBP/USD	2.0000
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Underneath of 2.00 there is space to drop further – target 1.9910 in a slow day, if volatile we can reach 1.9785.		Short-term bearish trend-line at 2.0030 is key to watch, stop short upon its break.	2.0020 TREND 2.0000 STRONG 1.9965 MINOR 2.0030 TREND 1.9910 STRONG 2.0100 STRONG

USD/JPY	105.30
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
A good bounce from the lows and an additional 100pips of upside potential today.		Strong support at 104.70, a break there stops the corrective upmove.	105.15 MINOR 105.60 MINOR 104.70 STRONG 106.20 MINOR 104.15 KEY 106.60 STRONG

USD/CHF	1.0160
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
1.00 has held and the Dollar recovered to 1.0185 so far. This is a good sign that the Dollar fall will end soon and we look to slowly move up towards 1.03		Short-term bullish trend at 1.0135 this morning, a break risks 1.0090, 1.00 remains key.	1.0135 TREND 1.0185 STRONG 1.0090 STRONG 1.0245 STRONG 1.0000 KEY 1.0320 STRONG

XAU/USD	963.00
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Dropped through 965 and holding underneath. Stay short, place a tight stop at 966, expect a move down to 935.		A daily close above 965 will maintain Gold high with room to rise again towards 1000	958 MINOR 965 STRONG 947 STRONG 972 MINOR 935 KEY 980 STRONG

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