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Forex Forum Archive for 08/28/2004

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pd cumino 18:19 GMT August 28, 2004 Reply   
Certainly the word certainly has not very much to do with FX market.

NYC PCM 17:12 GMT August 28, 2004 Reply   

"Can any body tell, how is euro short in short term? I mean can it go to the 1.1700 region?"

Depends what you mean by short term?

Certainly we'll be significantly lower than 1.1700 by Mid- November.

NYC PCM 17:09 GMT August 28, 2004 Reply   

On Friday we overshot downside projections for this minor cycle low. I guess this ultimately isn't surprising given the extreme bearish nature of the larger cycles.

I'm expecting a little bit of a bounce upwards next week before the decline of the Euro versus the $ continues inexorably nto mid November.

china 07:41 GMT August 28, 2004 Reply   
"Hereunder are forecasted highs and lows and suggested buy and sell points for Aug 30h, 2004 based on the trends observed on daily charts.
Currency Forecated Lows Forecasted Highs Suggested buy and sell points Suggested Stops Forecasted lows and highs of this week

0 DINIW 89.40 90.35 88.50 / 90.96
1 RUD/USD 1.2010 1.2220 sell 1.2190 1.2240 1.2000/ 1.2280
2 GBP/USD 1.7800 1.8030 sell 1.8020 1.8070 1.7700/ 1.8180
3 AUD/USD 0.6950 0.7100 sell 0.7100 0.7150 0.6900/ 0.7150
4 USD/CHF 1.2720 1.2900 sell 1.2730 1.2680 1.2680/ 1.3000
5 USD/CAD 1.3050 1.3180 sell 1.3060 1.3010 1.3030/1.3200
6 USD/JPY 109.00 110.30 sell 110.30 110.80 108.50/ 111.00

his information is for reference only. Please keep in mind that you and you alone are responsible for your own trades and for the maintenance of stop loss entries at levels you can afford. In order to help preserve trading capital, it is suggested that when prices move in your favour by 30 points, you change your stop to a breakeven position.
My QQ number is : 30963505,. Please feel free to contact me.
Good luck to everybody!!
Yours sincerely,


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