The Forex Market Today

The Markets Today Wednesday 30 July 2008 / 10:20h CET

EUR/USD	1.5600
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
The Euro broke support and fell. Currently on a rebound from the bottom there is strong initial resistance at 1.5620, while underneath we like to remain short.		An hourly close above .5625 has room to correct to 1.5685 bearish trend-line. Sell tops.	1.5560 MINOR 1.5625 STRONG 1.5515 STRONG 1.5685 TREND 1.5370 TARGET 1.5710 STRONG

GBP/USD	1.9825
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Cable fell as low as 1.9760. While 1.9830 / 85 tops the market we are looking to extend this move lower to 1.9450 next.		Only a daily close above 1.9960 stops our bearish view. Intra-day a break of 1.9830 risks up to 100 pips push up.	1.9785 MINOR 1.9830 STRONG 1.9680 STRONG 1.9885 STRONG 1.9450 TARGET 1.9960 KEY

USD/JPY	107.90
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
A first test of the 108.30 level held, expect to try this again and eventually rise to higher levels. Target 110		Steep short-term rising trend at 107.70, a break on the hour chart tisks a set-back to 106.90	107.70 TREND 108.20 MINOR 107.20 MINOR 108.50 STRONG 106.85 KEY 108.90 MINOR

USD/CHF	1.0450
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Dollar rose and stopped ahead of strong 1.0485 resistance. If the pair can maintain 1.0445 in the short-term, we can try to continue rising with a target of 1.0650		A break of 1.0445 risks a dip back to 1.0395 or even 1.0335 short-term trend.	1.0305 MINOR 1.0355 MINOR 1.0285 TREND 1.0400 KEY 1.0210 MINOR 1.0485 STRONG

XAU/USD	917.00
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
An it traded down to challenge the 917 key level. While underneath of 920 this morning, we risk widening the lows to 905 and eventually 885.		An hourly close above 922 can see a pullback to 930/935 resistance levels.	915 MINOR 920 MINOR 905 STRONG 930 STRONG 900 MINOR 936 KEY

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.

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.

Forex Market Overview

The Markets Today Friday 25 July 2008

EUR/USD	1.5715
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
After the down trend from 1.5928 to 1.5643 the market reversed back yesterday. We expect a retracement back to 1.5800. A break on top has room for a lift towards 1.5927		An hourly close bellow 1.5699 will push the EUR further down to reach the key level at 1.5654.	1.5699 STRONG 1.5772 KEY 1.5673 MINOR 1.5798 MINOR 1.5654 KEY 1.5821 STRONG

GBP/USD	1.9955
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Very strong basis at 1.9942. A Down trend is clearly seen on a 1 hour chart. A break of this level 1.9942 should re-try the 2.00 level, but it needs a daily close above that to stay bullish.		An hourly close above the 1.9950 stops the short-term bearish outlook and risks a fall to 2.00, medium-term rising trend.	1.9900 STRONG 1.9947 STRONG 1.9810 TREND 1.9923 KEY 1.9750 STRONG 1.9898 MINOR

USD/JPY	106.87
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
USDJPY overshot and remains bid at 106.60 for now. While this holds there is a possibility to retry the 107.15 resistance level, an higher close is bullish for 108.50		An hourly break of 106.55 risks a pullback to 105.85	106.55 STRONG 106.90 MINOR 106.20 MINOR 107.15 KEY 105.85 STRONG 107.70 STRONG

USD/CHF	1.0220
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
The pair broke the recent bullish trend and is stuck in a small neutral range of 1.0300 / 1.0360; we see no direction here but watch out for a break lower.		Failure to close the day above that 1.0360 level is bearish for a retry of the 1.00 key	1.0300 STRONG 1.0360 STRONG 1.0271 MINOR 1.0380 KEY 1.0242 STRONG 1.0426 STRONG

XAU/USD	929.00
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Gold maintained the range, today this range has narrowed to 929 / 939.		A break through 939 and daily close above that is bullish Gold.	930 MINOR 930 MINOR 928 TREND 968 KEY 916.90 KEY 975 STRONG

The ForexGen's provided services are all restricted and regulated by the international banking and financial regulatory standards. All our provided activities are supported by creativeness and modernization. Ambitious & motivated employees are working simultaneously to protect the customer's confidentiality. ForexGen is continuously providing the market's most competitive conditions.

ForexGen complies with the trade commissions in the USA, EU and Australia. Being registered by the commercial authorities in 18+ countries, we adhere to the United Nations Commission on International Trade Law (UNCITRAL).

Profile regulatory information:

ForexGen is complying with all applicable international laws and all financial regulations and procedures governing its industry in order to sustain the security standards in the financial services world.