Welcome to FX Thoughts for the Day, a forex trading signal service that treats Traders with the respect they deserve. We provide twice daily forex forecasts trade recomendations for US Dollar, Euro, Yen, Swiss Franc and Sterling Pound.
After running "FX Thoughts for the Day" for more than 14 years since 1998, we feel the need to revamp/ restructure the service. This will take time.
In the meanwhile, the twice-Daily service is being discontinued, at least for now. We will continue to publish the Weekly reports, however.
Later, we might work towards providing more longer term forecasts for each of the currency pairs we cover.
Please bear with us during this period of transition and transformation. We hope to be able to bring something better to you.
With thanks and best regards,
Chief Currency Strategist
Kshitij Consultancy Services
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|FX Thoughts - Evening II - 28-Feb-2013|
1812 IST or 1242 GMT or 0742 EST
|USD-CHF @ 0.9303/06...Ranged/Positive|
|R: 0.9340-50 / 0.9375|
S: 0.9245-40 / 0.9210-00
Dollar-Swiss dipped to take support near 0.9280 from where it has bounced back. The outlook remains positive for the pair and we expect it rise further towards 0.9375 in the coming sessions. It has immediate support near 0.9280 and a good support is at 0.9240-30 levels which should be able to hold any further dip if seen. Also as mentioned in the morning it seems to be trading in the 0.9350-0.9230 range. It is advised to stay out of the markets.
|GBP-USD @ 1.5204/07...Mixed|
|R: 1.5220 / 1.5270 / |
Cable has risen a bit and currently trading just near 1.5200 levels. If it manages to break its resistance of 1.5225 then it can rise further towards 1.5270-300 levels. On the other hand a dip from here can then result in a dip towards 1.5080, may be even lower. Looks evenly placed for each of them, advised to stay out of the market.
|AUD-USD @ 1.0259/62...Bigger trend remains bearish|
|R: 1.0300 / 1.0375|
S: 1.0230 / 1.0180 / 1.0030
Aussie has risen from 1.0180 levels and can rise further towards 1.0300 levels in the near term. The bigger trend remains down, though in the shorter term it can trade in the 1.0180-375 range or a 1.0180-300 range. We would be biased for a down side move after it takes resistance near 1.0300 or 1.0370 levels.
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