Forex Market Outlook on Majors
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Forex Market Outlook on Majors
Fri, Mar 14 2008, 06:13 GMT
by AceTrader Team
AceTrader 1-wk TRIAL
www.AceTraderFX.com 24-Hr Real-time Signals Consistent Performance Intra-day, Daily, Weekly. with Email Alerts Function Try 1-week for $25 USDINTRA-DAY GBP/USD OUTLOOK: 2.0330
Updating time :14 Mar 2008 06:06 GMT
Despite intra-day breach of 2.0337, cable's sub
sequent retreat fm 2.0359 suggests further consoli-
dation below y'day's high at 2.0390 is in store n
risk is seen for pullback twds 2.0281/91, however,
prev. sup at 2.0252 shud contain downside.
Exit long n stand aside. Abv 2.0359 wud revive
near term bullishness for re-test of 2.0390...
Range Forecast
2.0315 / 2.0345
Resistance/Support
R: 2.0359/2.0390/2.0465
S: 2.0281/2.0252/2.0221
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Published on Fri, Mar 14 2008, 06:15 GMT
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Published On Thu, Jan 8 2009, 06:13 GMT - Forex Market Outlook on Majors
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Published On Fri, Jan 2 2009, 08:44 GMT
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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