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Monday, June 13, 2005

Forex Forecast for 13 June 2005

The 24-hrs forecast based trend chart gives the expected trend for day during the three different sessions -Japanese, European and US.


Intra-day forecast (EURO / USD - 13th Jun)

USD will become strong against other majors. EURO/USD will gradually become weak - Long term downward phase.
Early trading Hrs, EURO/USD will be very weak and volatility expected, will become weak during late GMT trading Hrs. EURO/USD shows support at 1.2123 closing will be weak.


spot- trade- clues

Buy EURO/USD during 01:00-02:00 GMT trading Hrs below 1.2123 level and sell EURO/USD during 23:00-24:00 GMT trading Hrs above 1.2297 level


Trade Signal - Trend and Timings

Trend for the day: Wild swing till 16:00 GMT and upward till day end with intermediary swing of 35-45 Pips

Timing













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Buy/Sell Timelevel/limit Stop
Buy 01:30PM22-26 pips below
Sell 09:30 PM
Sell09:30PM22-26 pips above
Buy16:00PM
Buy 16:00PM22-26 pips below
Sell 23:30PM



Time - GMT Hrs , PM- Prevailing Market



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