Majors Daily Forecast 24 April 2012

Trading range: 1.3135 - 1.3235

Trend: Upward

Buy at 1.3145 SL 1.3113 TP 1.3222

USD/JPY

Trading range: 80.75 - 81.70

Trend: Upward

Buy at 80.85 SL 80.53 TP 81.57

GBP/USD

Trading range: 1.6105 - 1.6215

Trend: Upward

Buy at 1.6117 SL 1.6085 TP 1.6205

USD/CHF

Trading range: 0.9150 - 0.9050

Trend: Downward

Sell at 0.9140 SL 0.9172 TP 0.9056

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

06:45 France Consumer confidence April 87 87

08:30 UK PSNCR March, bln - -7.8

08:30 UK PSNB March, bln - 12.9

08:30 UK PSNBX March, bln 16.0 15.2

09:00 EU17 Industrial orders February -0.5% -2.3%

09:00 EU17 Industrial orders February Y/Y -4.5% -3.3%

12:30 Canada Retail sales February 0.2% 0.5%

12:30 Canada Retail sales excluding auto February 0.9% -0.5%

12:55 USA Redbook 21.04

14:00 USA New home sales March 320K 313K

14:00 USA Consumer confidence February 70.0 70.2

*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 +27, total yesterday +115 pips, as shown at our web site.