Monday April 18, 2005 - 02:40:00 GMT
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I-Knowindices - i-knowindices.com
USD is expected to gain as a market surprise
Trend reversal time has confused many to know the direction of the forex market....
from now after an extended stop hunt other majors will lose their gains and reach new lows for the season against USD in coming days
Recommended trades: sell EURO and GBP during stop hunt rises and cover during week end slide in your position trades.
Expected trend : Other majors are expected make middle level consolidation and upward stop hunts before the next fall......
Sell/buy trade recommendations:
EURO/USD sell 1.3067-1.3134 buy 1.2677 - 1.2545 stop 1.3178
GBP/USD sell 1.8992-1.9045 buy 1.8623- 1.8543 stop 1.9084
Buy/sell trade recommendations:
USD/YEN buy 106.69-107.07 sell 108.89-109.46 stop 106.25
USD/CHF buy 1.1846-1.1878 sell 1.2197-1.2278 stop 1.1773
Previous session moves and indications: operators made unassuming moves for the week end...they dipped to hit the stops of the long holders - happened ...and quickly rised and hit the stops of lower level short sellers for the week end...happened....
Forecast: Now the operators are expected to make middle level consolidation and upward stop hunt in other majors till early next week and make unassuming correction.......
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