Accurate FREE FOREX SIGNAL TRADING

Great British Pound(GBP)

The British pound has formed a bearish move yesterday to reach to the bottom at a low of 2.0420sm which is a good support for the currency, then it managed to create a new bullish move since it has gathered enough levels of bullish momentum leading the pound towards the upside again in order to cover the drop in the first session, therefore; we see a another bullish move for today.

The trading range for today might be between the key resistance level at 2.0625 and the key support level at 2.0470.


The general trend is up as far as 1.9900 remains intact targets now at 2.0635 and 2.0740
Support
Resistance

Recommendation
.....


(EURO)

A slight drop yesterday until the major support level at 1.3690s allowed the European currency to gather enough momentum to form a bullish scenario again, which is leading the currency towards the upside again, the close above the critical level at 1.3720s could be a sign for upside move.

The trading range for today might be between the key resistance level at 1.3830 and the key support level at 1.3700.


The general trend is up as far as 1.1.3420 remains intact targets now at 1.3915 and 1.4000
Support
Resistance

Recommendation
We expect buying Euro above 1.3740with a target at 1.3805, stop loss below 1.3690



SWISS Frank(CHF)

The major strong resistance level at 1.2140s stopped the bullish wave to force the dollar against the SWISS Frank to drop down after it got ready for a new downside wave. The currency still within the critical area and the downside tendency has been seen since yesterday.

The trading range for today will be between the key resistances at 1.2100 the key support at 1.1990s.

The general trend is down as far as 1.2540 remains intact, targets at 1.1875 and 1.1665.
Support
Resistance

Recommendation
.....

Disclaimer: The above may contain information for investors/traders and is not a recommendation to buy or sell currencies, gold, silver & energies , nor an offer to buy or sell currencies, gold, silver & energies . The information provided is obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. I am not liable for any losses or damages, monetary or otherwise that result. I recommend that anyone trading currencies, gold, silver & energies should do so with caution and consult with a broker before doing so. Prior performance may not be indicative of future performance. Currencies, gold, silver & energies presented should be considered speculative with a high degree of volatility and risk.