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

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The Forex Market Today

The Markets Today Tuesday 29 July 2008 / 10:00h CET

EUR/USD	1.5750
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Both, the top and the bottom held and the Euro was held in tight range. Minor bullish trend at 1.5730 this morning, while this holds we can re-challenge 1.5760/85 level		We remain bearish in the medium-term, an hourly close underneath of 1.5725 is a bearish signal. On top: a close above 1.5820 stops our view.	1.5730 MINOR 1.5765 STRONG 1.5690 STRONG 1.5820 KEY 1.5640 MINOR 1.5860 STRONG

GBP/USD	1.9935
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
The bullish trend held and Cable went to test the top. 2.00 is still key resistance, we like to try shorts here for a new dip to at least 1.9885.		An daily close above 2.00 keeps Cable bid. But a daily close underneath of rising support 1.9885 calls for a move lower	1.9925 MINOR 1.9970 MINOR 1.9885 TREND 2.0005 KEY 1.9810 STRONG 2.0060 MINOR

USD/JPY	107.60
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
More range trading ahead, we lower the range a few pips to 106.80 / 107.70.		An hourly close above 107.75 should lead to 108.50	107.30 MINOR 107.70 MINOR 106.80 STRONG 108.10 MINOR 105.85 STRONG 108.50 STRONG

USD/CHF	1.0330
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Not much of a dip so far. Here we expect the USD to test rising support 1.0285, wait to buy such a dip.		An hourly close underneath of 1.0270 stops our otherwise bullish view for a rise above 1.04.	1.0305 MINOR 1.0355 MINOR 1.0285 TREND 1.0400 KEY 1.0210 MINOR 1.0485 STRONG

XAU/USD	930.00
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Small initial range 926 / 935 – possible extension towards 940, we like to sell tops for a medium-term move through 900		Minor bullish support 925 broken today will unleash a bearish move faster than expected with initial target 917	926 STRONG 936 MINOR 917 KEY 939 STRONG 908 MINOR 945 MINOR

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.