Free forex predictions for GBP-USD August 05, 2010
The RSI has broken above a declining trend line, the pair should rebound on its support.
Prefer scenario : BUY positions @ 1.5880 with
TP 1 : 1.5930
TP 2 : 1.5950
TP 3 : 1.5960
Alternative scenario: The downside penetration of 1.5860 will call for 1.5800 / 1.5720
free forex predictions for EUR-USD August 05, 2010
The pair should rebound on its MT bullish channel lower boundary as the RSI is turning up.
Prefer scenario : BUY positions @ 1.3125 with
TP 1 : 1.3160
TP 2 : 1.3175
TP 3 : 1.3200
Alternative scenario: The downside penetration of 1.3100 will call for 1.3050 / 1.3000
free forex predictions for AUD-USD August 05, 2010
The pair remains within a ST bullish channel.
Prefer scenario : BUY positions @ 0.9120 with
TP 1 : 0.9160
TP 2 : 0.9170
TP 3 : 0.9185
Alternative scenario : Below 0.9105 look for further downside with 0.9070 / 0.9020
free forex predictions for USD-JPY August 05, 2010
The pair has broken above its bearish channel upper boundary and remains on the upside.
Prefer scenario : BUY positions @ 85.90 with
TP 1 : 86.20
TP 2 : 86.30
TP 3 : 86.40
Alternative scenario : The downside penetration of 85.80 will call for a slide towards 85.55 / 85.30