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Monday March 7, 2005 - 09:08:44 GMT
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TODAY'S FOREX MARKET OUTLOOK FROM ACETRADER

EUR/USD - 1.3226
Update Time : 08:09 GMT

Although euro's rally to 1.3255 Friday strongly suggests recent upmove fm 1.2732 has resumed, abv prev. res at 1.3279 is needed to confirm this view n extend current gain to 1.3355/60 later.

INTRA-DAY USD/CHF OUTLOOK
Last Update At 07 Mar 2005 08:52:00

Similar to euro, although dlr has continued to trade abv Friday's low at 1.1666, renewed selling shud emerge below 1.1725/30 n yield resumption of early fall fm 1.1870, below said sup lvl wud extend weakness to 1.1635/40 later.

Sell on recovery, stop 1.1740, break wud defer n risk correction to 1.1770/80 but 1.1800 wud hold.

Rate: +1.1710+
Strategy: +Hold Short+
Position: +Short at 1.1710+
Objective: 1.1670
Stop-Loss: 1.1740
R: 1.1732/1.1797/1.1828
S: 1.1666/1.1605/1.1567

DAILY EUR/CHF CROSS OUTLOOK
Last Update At 07 Mar 2005 08:37:00

Despite Friday's retreat fm 1.5500, as long as 1.5432 (prev. res) holds, bullishness remains for last wk's rise fm 1.5344 to retrace recent decline fm 1.5634 to resume after consolidation for subse- quent gain to 1.5530 but 1.5560 shud cap upside.

Trade fm long side, stop 1.5430, only below 1.54 15 wud confirm top is made n risk 1.5365/70...

Rate: 1.5475
Strategy: Long at 1.5470
Position: Hold long
Objective: 1.5530
Stop-Loss: 1.5430
R: 1.5500/1.5527/1.5586
S: 1.5432/1.5415/1.5344

SPOT GOLD DAILY OUTLOOK
Last Update At 07 Mar 2005 00:17:00

Gold's Friday's rally to 434.90 suggests upmove fm 411.20 has possibly resumed, abv 436.50 wud con- firm but reckon 439.50 wud hold fm here.

Trade fm long side, stop as indicated, below wud prolong consolidation but 429.25 wud remain intact.

Rate: 433.60
Strategy: Long at 433.00
Position: Long at 433.00
Objective: 436.00
Stop-Loss: 431.00
R: 434.90/437.55/439.35
S: 429.25/428.45/425.50

YESTERDAY'S RECOMMENDED TRADES

INTRA-DAY AUD/USD OUTLOOK - +0.7920+
Update Time : 2005/04/03 15:15GMT

Present anticipated rise confirms correction fm
0.7959 has ended at 0.7770 n consolidation with up-
side bias is seen for gain to 0.7920/25 but recent
high at 0.7958 is likley to hold on 1st testing n
yield retreat later.
Buy again at market with stop as indicated n
take profit on subsequent rise...


Rate: +0.7920+
Strategy: +Target met+
Position: Long at 0.7885
Objective: 0.7920
Stop-Loss:
Resistance: 0.7946/0.7958/0.8005
Support: 0.7852/0.7803/0.7770


INTRA-DAY USD/JPY OUTLOOK - +104.75+
Update Time : 2005/04/03 14:26GMT

As dlr has remained under pressure, suggesting
decline fm 105.61 to retrace erratic rise fm 104.10
remains in progress n weakness twd 104.65 is seen,
however, as outlook is consolidative, reckon 104.40
/45 wud hold n bring sideways trading.
Sell again at market, stop as indicated, abv
wud signal pullback is over n risk 105.88...


Rate: +104.75+
Strategy: +Target met+
Position: +Short at 105.22+
Objective: 104.75
Stop-Loss:
Resistance: 105.61/105.88/106.28
Support: 104.65/104.10/103.82


DAILY NZD/USD OUTLOOK - +0.7330+
Update Time : 2005/04/03 14:20GMT

Kiwi's breach of 0.7296 confirms MT uptrend has
resumed n further gain to 0.7330 n possibly 0.7350
is envisaged but reckon 0.7400 wud hold fm here.
Buy at market with stop below 0.7244, break wud
signal a temp. top is made n risk 0.7215...


Rate: +0.7330+
Strategy: +Target met+
Position: +Long at 0.7285+
Objective: 0.7330
Stop-Loss:
Resistance: 0.7350/0.7400/0.7450
Support: 0.7244/0.7215/0.7183


INTRA-DAY GBP/USD OUTLOOK - +1.9175+
Update Time : 2005/04/03 14:19GMT

As cable has breached 1.9140, suggesting decline
fm 1.9262 has ended at 1.9055 n a strg retrace. is
under way for gain to 1.9170/75, however, o/bot con
dition is likely to limit upside to 1.9220/25 n
risk has increased for a retreat later.
Buy again at market, stop 1.9100, below wud sig-
nal intra-day top is made n risk 1.9075/80...


Rate: +1.9175+
Strategy: +Target met+
Position: +Long at 1.9133+
Objective: 1.9175
Stop-Loss:
Resistance: 1.9141/1.9171/1.9262
Support: 1.9055/1.9015/1.8978


INTRA-DAY AUD/USD OUTLOOK - +0.7885+
Update Time : 2005/04/03 14:11GMT

Present firm breach of y'day's high at 0.7852
suggests a stronger correction of nr term rise fm
0.7770 to retrace recent decline is under way n fur
ther gain to 0.7884 n then 0.7900 is envisaged, how
ever, o/bot condition wud cap price at 0.7915/20.
Buy at market with stop as indicated, break wud
prolong sideways trading n risk weakness to 0.7803.


Rate: +0.7885+
Strategy: +Target met+
Position: Long at 0.7852
Objective: 0.7885
Stop-Loss:
Resistance: 0.7884/0.7946/0.7958
Support: 0.7803/0.7770/0.7735


INTRA-DAY USD/JPY OUTLOOK - +105.10+
Update Time : 2005/04/03 14:05GMT

As dlr has retreated after marginal rise to 105
.61, suggesting consolidation with mild downside
bias is seen but below 105.00/05 is needed to con-
firm top has been formed n bring correction of this
wk's rise fm 104.10 to 104.65/70.
Sell with stop as indicated, break wud risk mar
ginal gain to 105.88 but 106.15/20 shud hold...


Rate: +105.10+
Strategy: +Target met+
Position: +Short at 105.45+
Objective: 105.10
Stop-Loss:
Resistance: 105.61/105.88/106.28
Support: 105.05/104.65/104.10


INTRA-DAY GBP/USD OUTLOOK - +1.9125+
Update Time : 2005/04/03 14:03GMT

Despite cable's retreat after failing to breach
1.9141, as long as 1.9055 holds, bullishness re-
mains for another rise to indicated obj., however,
abv said res is needed to signal a strg retrace. of
decline fm 1.9262 is under way, 1.9171.
Turn long at market. stop 1.9055, below wud sig
nal recovery is over n risk weakness twd 1.9015...


Rate: +1.9125+
Strategy: +Target met+
Position: Long at 1.9085
Objective: 1.9125
Stop-Loss:
Resistance: 1.9141/1.9171/1.9262
Support: 1.9055/1.9015/1.8978


INTRA-DAY USD/CHF OUTLOOK - +1.1770+
Update Time : 2005/04/03 14:02GMT

Despite marginal rise abv 1.1828, subsequent
selloff fm 1.1840 suggests an intra-day top is made
there n consolidation with downside bias is seen
for weakness to indicated obj. but below 1.1732 sup
sup needed to confirm rise fm 1.1567 has ended.
Sell at market with stop at 1.1835, break wud
risk one more rise to 1.1860/65 but 1.1898 wud hold


Rate: +1.1770+
Strategy: +Target met+
Position: +Short at 1.1805+
Objective: 1.1770
Stop-Loss:
Resistance: 1.1828/1.1842/1.1898
Support: 1.1780/1.1732/1.1705


INTRA-DAY EUR/USD OUTLOOK - +1.3160+
Update Time : 2005/04/03 14:02GMT

Lack of downside follow through selling n cur-
rent rebound fm 1.3085 suggests consolidation with
upside bias is seen for gain to 1.3160, however,
abv is needed to signal a strg retrace. of decline
fm 1.3279 has resumed n yield gain twd 1.3200/05.
Trade fm long side, stop as indicated, below
wud signal recovery is over n risk 1.3070...


Rate: +1.3160+
Strategy: +Target met+
Position: +Long at 1.3125+
Objective: 1.3160
Stop-Loss:
Resistance: 1.3165/1.3226/1.3279
Support: 1.3088/1.3049/1.3013


JUN T-BOND FUTURES DAILY OUTLOOK - +111.16+
Update Time : 2005/04/03 13:42GMT

As T-bond has fallen after meeting renewed sell-
ing below 112.13 suggests decline fm 116.21 has re-
sumed for weakness to 111.16 but 111.06 wud hold.
Trade fm short sside, stop 112.13, only abv 112.
25 (prev. sup) wud signal temp. low is made, 113.15


Rate: +111.16+
Strategy: +Target met+
Position: Short at 112.02
Objective: 111.16
Stop-Loss:
Resistance: 112.04/112.25/113.15
Support: 111.06/110.18/110.00




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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