April 2nd
EURUSD Weekly Forecast
Trading range: 1.3255 / 1.3515
Trend: Upward

Bushs words against China brings dollar down!!! One of the most dependent economies on China is the US economy. The eventually sanctions against China will seriously hurt the dollar and the US economy. I do guess China would take action. In such case the speculations fears from Friday will be nothing with the real act on the forex market. The dollar may be down to record levels and 1.35-1.37 may happen for few days. The expecting positive fundamental news this week may not help the dollar. Everything speaks today for Euro BUT beware of ISM Report at 15:00 GMT. As long as 1.325 is not broken the trend stays up.

Very Important Item On Gold which effects currencies http://sprott.com/pdf/investorsdigest/investors_digest_mar_30_2007.pdf

-EU sees strong euro zone growth in 2007-8,
warns of risk from future rate hikes
-->>Existing home sales on friday march 23 at 14:00 GMT
forecast: -2%
(dowjones news wire)

My Long Term views on EURUSD

Two strong areas 1.34-1.36 and 1.39-1.42. Visually this move has no strength to reach 1.40 before correction (but its possible too)

Problem is that from 1.4 it seems for 2000 pips correction and they don't want fellow travellers.

So??? What the trick will be applied???

Sorry fot this very trashy chart

AS RECOMENDED EURO SHOT UP TO 1.3370s exactly at 18:15 GMT

The bias remains Positive for further rise

BUT -->>For now Close Positions @1.3380s, take your Nice Profit

!!!AND stay away till Monday!!!

There will not much action the next five days...so why loosing money!!!

-EURUSD is up to the Japanese tonight.

Beware of Existing home sales on friday at 14:00 GMT- I believe it won't move the market much.

What we will see till friday is some technical correction but 1.3354/35 are good supports.

IT SHOULD PROVIDE EXCELLENT BUYING LEVEL

Next Target on the upside is 1.3430.

-->>Monday 15:00 GMT New home sales (BIG Market MOVER)

-Thursday 13.30 GMT US GDP

"The U.S. Federal Reserve on Wednesday held interest rates steady and said inflation remains a top risk, but softened its longstanding tightening bias by omitting references to potential future rate hikes" (dowjones newswire)

Your Heavytrader
Pintu Lund

EUR/USD March 21. 2007


FOMC Meeting to discuss interest rates.
-->>Policy statement issue March 21 @18:15 GMT!!!!!


Look to buy on downsticks for test of 1.3370 and 1.3400!!!!!

longer term first target 1.3480 (TA-only)

Date: Tue, 20 March 2007

Resistance levels: 1.3325/1.3370/1.3480
Support levels: 1.3250/1.3220/1.3170



EUR/USD has remained quiet earlier today . No change in my view. The bias remains positive for further squeeze higher towards 1.3370 and even 1.3400 in mid term. In longer term, first target comes at 1.3480. On downside, further squeeze lower to 1.3250 is possible in short term. The key Support is at 1.3220

Pintu Lund

Tuesdays Strategy for YEN:

BOJ Interest rate decision is tonight and thier Zero interest policy wont move the market this time either.

Wednesday Japan is closed and ECB President Trichet is to testify before European Parliament on Monetary Policy. As the europeans are not a friend of lower yen, some comments from trichet could put the yen in pressure-most likely as tokyo is out of action and the yen trading level would be very thin.

--> So the uptrend remains intact as long as price is above 116.90 first minor Support for test of 117.80 in near term and 118.50 target over tuesday and wednesday. On downisde, below 116.90 may turn price back towards 116.23-20 Asia lows.

editor: pintu lund

Tuesdays Strategy:

Holding GBP/USD Long at 1.9450,Stop-loss-1.9415,Take profit-1.9510(1.9575)

Beware of CPI UK at 9.30 GMT

pintu lund

EUR/USD appears exhausted for the short term.Current target 1.3221 and floor near 1.3180

Look at the EUR/GBP daily graph. Its rise appears to have been stopped and reversed at the upper boundary of a down trending channel. So EUR/USD may go down while GBP/USD goes up. The swap rate on GBP/USD is fairly neutral, but it too appears range bound.

Be aware of UK CPI datas coming out at 9.30 GMT and and US Housing starts at 13.30 GMT.

pintu lund

this pitty triangle will be not enough for them for move to 1.36

FOREX

EUR/USD
Date: Mon, 19 March 2007 13:10:01
Resistance levels: 1.3325/1.3370/1.3480
Support levels: 1.3280/1.3250/1.3220

EUR/USD has remained quiet today on the absence of fundamental news . The bias remains positive for further squeeze higher towards 1.3370 and even 1.3400 over today and tomorrow. In longer term, first target comes at 1.3480. On downside, a break below 1.3280 low may cause further squeeze ower to 1.3250 in the next two trading sessions. The key Support is at 1.3220 . Look to buy on downsticks for test of 1.3370 and 1.3400.

Strategy-neutral.



GBP/USD
Date: Mon, 19 March 2007 13:10:01
Resistance levels: 1.9510/1.9580/1.9650
Support levels: 1.9415/1.9380/1.9340

GBP/USD has risen further beyond 1.9470 earlier today The bias remains positive for further rally towards 1.9580 over the next couple of days. First target comes at 1.9510. On downside, below 1.9410-00 area may ease price back towards 1.9380 later today. Trade from Long side for test of 1.9510 and 1.9580 over today and tomorrow.As soon as price moves to 1.9500 move stop-loss higher to entry price

Holding GBP/USD Long at 1.9450,Stop-loss-1.9415,Take profit-1.9510(1.9575)



USD/JPY
Date: Mon, 19 March 2007 13:10:01
Resistance levels: 117.80/118.20/118.50
Support levels: 116.90/116.20/115.50

USD/JPY has risen heavily to 117.63 in the last two trading sessions. The uptrend remains intact as long as price is above 116.90 first minor Support for test of 117.80 in near term and 118.50 target over today and tomorrow. On downisde, below 116.90 may turn price back towards 116.23-20 Asia lows.

Strategy-neutral.

editor: pintu lund