Thursday February 24, 2005 - 00:40:42 GMT
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Intraday Range Forecast, Resistance and Support Levels
Intraday Range Forecast: 104.80 / 105.12
Intraday Range Forecast: 1.3200 / 1.3230
Intraday Range Forecast: 1.1620 / 1.1650
Intraday Range Forecast: 1.9060 / 1.9090
Intraday Range Forecast: 0.7835 / 0.7865
Intraday Range Forecast: 138.45 / 138.75
Intraday Range Forecast: 0.6915 / 0.6930
Intraday Range Forecast: 1.5360 / 1.5385
Intraday Range Forecasts: Provides 20-50 pips range forecast for close monitoring of the intra-day movements.
Resistance/Support: Key resistance and support levels to pay attention to.
Yesterday's Recommended Trades
INTRA-DAY GBP/USD OUTLOOK - +1.9110+
Update Time: 2005/02/23 19:19GMT
Cable's rebound after holding well abv 1.9033
sup suggests the choppy consolidation fm 1.9138 is
likely to continue n intra-day upside bias is seen
for a rebound to indicated obj. but abv 1.9135 is
needed to confirm upmove has resumed, 1.9150/55.
Trade fm long side, stop as indicated. Only be-
low 1.9033 sup wud abort n risk retrace. to 1.9000.
Position:Long at 1.9070
INTRA-DAY GBP/USD OUTLOOK - +1.9110+
Update Time: 2005/02/23 13:58GMT
Although cable's retreat after intra-day bounce
to 1.9120 suggests further choppy trading inside
1.9033-1.9138 range wud be seen, as long as 1.9042
holds, upside bias remains but abv 1.9123 is needed
to confirm recent upmove has resumed, 1.9150.
+Trade fm long side with stop as indicated, only
below 1.9042 risks 1.9033, then twd 1.9000...+
Position:+Long at 1.9070+
INTRA-DAY AUD/USD OUTLOOK - +0.7895+
Update Time: 2005/02/23 08:40GMT
Although aussie has edged higher after failing
to breach 0.7900 n minor consolidation is seen, as
long as Asian high at 0.7950 holds, bearishness re-
mains for corrective decline fm 0.7958 to extend
weakness twds 0.7890/95 but 0.7861 sup wud hold.
Trade fm short side, stop 0.7950, abv wud sig-
nal pullback is over n bring gain twds 0.7985/90...
Position:Short at 0.7925
INTRA-DAY GBP/USD OUTLOOK - +1.9055+
Update Time: 2005/02/23 07:49GMT
Current retreat has retained our intra-day bear
ishness for weakness to indicated obj., however, as
sterling is expected to trade inside 1.9033-1.9138
range, said lower lvl shud limit downside n bring a
strg rebound later today.
Hold short for st trade, stop at break-even n
exit on such dips. Only abv 1.9100 risks 1.9123...
Position:Short at 1.9090
INTRA-DAY USD/CHF OUTLOOK - +1.1640+
Update Time: 2005/02/23 07:39GMT
Dlr's early rebound fm 1.1567 (Australia) n sub
sequent rebound to 1.1619 suggests recent decline
has formed a temp. low n consolidation with upside
bias is seen for a minor correction to 1.1640 but
reckon 1.1665/70 wud cap recovery n yield retreat.
For st trade, hold long n exit such move. Only
below 1.1567 wud risk one more fall to 1.1535/40...
Position:Long at 1.1600
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