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Friday March 4, 2005 - 08:30:00 GMT
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TODAY'S FOREX MARKET OUTLOOK FROM ACETRADER

EUR/USD - 1.3110
Update Time : 08:06 GMT

As euro has fallen after meeting renewed selling at 1.3165 y'day, suggesting this week's decline fm 1.3279 to retrace the entire rise fm 1.2732 has re- sumed n weakness to 1.3060/70 is seen but loss of momentum is likely to keep price abv 1.3013 sup.

INTRA-DAY GBP/USD OUTLOOK
Last Update At 04 Mar 2005 08:04:00

As cable has edged lower after meeting renewed selling at 1.9077, suggesting the decline fm this week's top at 1.9262 to retrace recent upmove has resumed n one more fall to daily obj. at 1.9035/40 is seen b4 recovery due to loss of momentum.

Trade fm short side with stop abv said minor res, break wud defer n risk gain to 1.9100/05...

Rate: 1.9061
Strategy: Hold short
Position: Short at 1.9072
Objective: 1.9040
Stop-Loss: 1.9080
R: 1.9077/1.9102/1.9141
S: 1.9015/1.8978/1.8947

DAILY NZD/USD OUTLOOK
Last Update At 04 Mar 2005 06:57:00

As long as 0.7296 holds, downside bias remains for corrective fall to 0.7215, however, as outlook is consolidative, 0.7183 sup shud contain weakness.

Trade fm short side with stop abv there, break signals recent upmove has finally resumed, 0.7330..

Rate: 0.7267
Strategy: Short at 0.7265
Position: Short at 0.7265
Objective: 0.7215
Stop-Loss: 0.7298
R: 0.7304/0.7350/0.7400
S: 0.7215/0.7183/0.7150


SPOT GOLD DAILY OUTLOOK
Last Update At 04 Mar 2005 00:21:00

Gold's selloff fm 433.70 suggests this wk's fall fm 437.55 to retrace early rise fm 411.20 has resum ed for weakness twds 428.00 but 425.50 wud hold.

Trade fm short side, stop as indicated. Only abv 433.70 wud signal temp. low is made...

Rate: 429.75
Strategy: Short at 431.00
Position: Short at 431.00
Objective: 428.50
Stop-Loss: 433.00
R: 433.70/437.55/439.35
S: 429.25/428.45/425.50


YESTERDAY'S RECOMMENDED TRADES

INTRA-DAY GBP/USD OUTLOOK - +1.1820+
Update Time : 14:08GMT

As dlr has maintained a firm undertone partly
due to active cross-selling in chf, suggesting erra
tic upmove fm 1.1567 to retrace recent decline wud
extend gain to 1.1820, however, loss of momentum
wud cap price well below 1.1898 res.
Trade fm long side, stop 1.1730, break signals
possible top is made, below 1.1705 confirms, 1.1665


Rate : +1.1820+
Strategy : +Target met+
Position : Long at 1.1737
Objective : 1.1820
Stop-Loss :
Resistance : 1.1842/1.1898/1.1948
Support : 1.1732/1.1705/1.1665


INTRA-DAY GBP/USD OUTLOOK - +1.9075+
Update Time : 07:34GMT

As renewed selling at 1.9120/25 has pressured
price, suggesting this week's decline fm 1.9262 wud
resume after minor consolidation n yield further
weakness to 1.9063 but loss of momentum wud limit
downside n strg sup at 1.9015 wud remain itnact.
+Hold short with stop at 1.9125, break wud risk
gain to 1.9141 but abv needed to confirm low made.+


Rate : +1.9075+
Strategy : +Target met+
Position : +Short at 1.9105+
Objective : 1.9075
Stop-Loss :
Resistance : 1.9141/1.9171/1.9229
Support : 1.9050/1.9015/1.8978


INTRA-DAY USD/CHF OUTLOOK - +1.9105+
Update Time : 18:42GMT

Cable's intra-day breach of 1.9115 suggests the
recovery fm y'day's low at 1.9078 has ended at 1.91
41 n below 1.9100/05 wud signal this week's decline
fm 1.9262 has resumed, bring retracement of recent
upmove to 1.9078 n then twds daily obj. at 1.9040.
Trade fm short side with stop abv said res,
break wud risk a stronger rebound to 1.9160/65...


Rate : +1.9105+
Strategy : +Target met+
Position : Short at 1.9140
Objective : 1.9105
Stop-Loss :
Resistance : 1.9141/1.9171/1.9229
Support : 1.9078/1.9015/1.8978


INTRA-DAY USD/CHF OUTLOOK - +1.1820+
Update Time : 14:00GMT

Dlr's present firmness after early breach of 1.
1780 suggests upmove fm 1.1567 to retrace recent de
cline wud extend gain to 1.1820, however, o/bot con
dition shud limit upside to 1.1840/45 n risk fm
there has increased for a retreat.
Trade fm long side, stop 1.1752, break wud risk
1.1732 but below is needed to signal top seen...


Rate : +1.1820+
Strategy : +Target met+
Position : Long at 1.1782
Objective : 1.1820
Stop-Loss :
Resistance : 1.1842/1.1900/1.1948
Support : 1.1780/1.1732/1.1705


INTRA-DAY EUR/USD OUTLOOK - +1.1775+
Update Time : 18:42GMT

As dlr has remained confined inside 1.1732-1.17
80 range, suggesting further sideways trading wud
be seen, however, as long as sup 1.1732 holds, bull
ishness remains for erratic rise fm 1.1567 low to
resume for re-test of 1.1780, then twd 1.1800.
Trade fm long side, stop as indicated, break
wud risk stronger retrace. to 1.1690/95...


Rate : +1.1775+
Strategy : +Target met+
Position : Long at 1.1740
Objective : +1.1775+
Stop-Loss :
Resistance : 1.1780/1.1800/1.1842
Support : 1.1732/1.1705/1.1665


INTRA-DAY EUR/USD OUTLOOK - +1.3100+
Update Time : 18:42GMT

As euro has edged higher after marginal fall
to 1.3113, suggesting minor consolidation is seen
but as long as 1.3145/50 holds, bearishness remains
for marginal weakness to 1.3100 but below said sup
needed to extend decline fm 1.3279 twds 1.3070.
Trade fm short side, stop as indicated, break
wud prolong consolidation n risk 1.3165/70 1st...


Rate : +1.3100+
Strategy : +Target met+
Position : Short at 1.3137
Objective : 1.3100
Stop-Loss :
Resistance : 1.3172/1.3226/1.3279
Support : 1.3113/1.3088/1.3049



AceTrader Performance Update
2005 YTD (till Feb 28) (Pips)
Intraday Daily
USD/JPY (145) (242)
EUR/USD 370 66
USD/CHF 251 (49)
GBP/USD 621 (168)

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John M. Bland, MBA
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EXCLUSIVE: Global-View Free Forex Database updated




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