Majors Daily Forecast 7 March 2011

By @ibtimes on

EUR/USD
Trading range: 1.3960 - 1.4060
Trend: Upward
Buy at 1.3970 SL 1.3938 TP 1.4047

USD/JPY
Trading range: 82.40 - 81.50
Trend: Downward
Sell at 82.30 SL 82.62 TP 81.58

GBP/USD
Trading range: 1.6230 - 1.6340
Trend: Upward
Buy at 1.6240 SL 1.6208 TP 1.6328

USD/CHF
Trading range: 0.9270 - 0.9165
Trend: Downward
Sell at 0.9258 SL 0.9290 TP 0.9174

Today's Economic Calendar:
Time GMT, Country, Indicator, Forecast, Prior

05:00 Japan Leading indicators composite index January preliminary 101.9 102.3 101.0 101.4
05:00 Japan Coincident indicators composite index January preliminary 106.2 - 103.7 103.5
20:00 USA Consumer credit January, bln 3.3 6.1
23:50 Japan Current account January unadjusted, trln 0.470 1.195
23:50 Japan Trade balance January unadjusted, trln - 0.769
23:50 Japan M2+CDs money supply February Y/Y 2.3% 2.3%

*Please note that the daily forecast is sent on time to subscribers only, who receive also updates, evening forecast, news and real time trading signals, from which we have made today so far +71, total on Friday +78 pips, as shown at our web site.

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