The Forex Markets Today

The Markets Today Wednesday 06 August 2008 / 09:50h CET

EUR/USD	1.5500
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Down to 1.5440 and back. Medium-term bearish trend-line at 1.5545 this morning, sell any spikes, continue to target 1.5350 this week.		The Euro may not spike and simply fall back to 1.5470 with space to fall further. A daily close above 1.5550 stops the immediate bearish view.	1.5470 MINOR 1.5515 MINOR 1.5435 STRONG 1.5545 TREND 1.5350 TARGET 1.5610 STRONG

GBP/USD	1.9560
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
The downside was widened to 1.9510, since any recovery has been short-lived and pressure is still on the downside. Looking to extend the current fall to 1.9430 or even further		Strong initial resistance 1.9600. Intra-day allow for spikes to 1.9630 to sell again, a daily close higher risks 1.9800	1.9515 MINOR 1.9600 STRONG 1.9460 STRONG 1.9630 STRONG 1.9430 TARGET 1.9720 STRONG

USD/JPY	108.30
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
It has made a new high overnight and for now remains above old 108.25 high. Stay long, expect a rise to 109.50-ish.		Stop longs upon breaking 108.15, stronger support 107.80, a daily close lower risks a correction.	108.20 MINOR 108.50 MINOR 107.80 STRONG 108.85 MINOR 107.50 MINOR 109.30 TARGET

USD/CHF	1.0515
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Very short-term bullish trend broke this morning, the pair may see a set-back to as low as 1.0445, buy dips.		A return back above 1.0530 turns us bullish, medium-term target remains 1.0660	1.0495 MINOR 1.0535 MINOR 1.0445 KEY 1.0590 MINOR 1.0395 STRONG 1.0660 TARGET

XAU/USD	884.00
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Gold fell as low as 872 before starting to turn. Currently on a minor upswing it may try the 888 level and could even reach 895. SELL rallies		A new dip underneath of 880 has space for at least 865 or even 850	880 STRONG 888 MINOR 873 MINOR 895 STRONG 865 STRONG 903 STRONG

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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

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 Monday 04 August 2008 / 09:40h CET

EUR/USD	1.5585
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Fridays fall was stopped at 1.5505 and the Euro bounced back to the starting point. Strong bearish trend at 1.5610, SELL here, we continue to wait for a fall targeting 1.5350		A close above 1.5625 on the 4-H charts stops the immediate bearish view and further range 1.5550 - 1.5750 may be seen this week.	1.5570 MINOR 1.5610 TREND 1.5525 STRONG 1.5625 KEY 1.5460 STRONG 1.5700 STRONG

GBP/USD	1.9705
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Cable is weakening and trades at the lowest level in 3 weeks. Minor support 1.9700, stronger at 1.9660 may hold and Cable risks a pullback towards 1.98		A fall through 1.9660 as space for a larger fall to as low as 1.9440.	1.9700 MINOR 1.9735 MINOR 1.9660 STRONG 1.9800 STRONG 1.9570 STRONG 1.9880 KEY

USD/JPY	107.80
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Expect to hold range 107.30 / 107.90 with bias to break the top. Medium-term target remains 110.		An hourly break at 107.25 risks trying the 106.65 key support.	107.25 STRONG 107.90 MINOR 106.65 KEY 108.20 STRONG 105.90 STRONG 108.90 MINOR

USD/CHF	1.0470
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
While above 1.0445 we remain bullish – target remains 1.0660		1.0445 intra-day key support broken risks a set-back to 1.0385, a daily close lower stops the rise.	1.0445 STRONG 1.0500 MINOR 1.0390 TREND 1.0540 MINOR 1.0350 MINOR 1.0660 TARGET

XAU/USD	914.00
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Bearish trend stands at 918 this morning – SELL here and look to widen the downside towards 880.		An hourly close above 918 stops the short-term bearish view and Gold could maintain a range 910 -935	911 MINOR 918 TREND 895 STRONG 923 MINOR 882 TARGET 930 STRONG

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.