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This report has been deactivated
bias remains for near term rise fm 1.4818 to extend
to 1.5070/75, however, abv 1.5090/00 is needed to
signal recent upmove has once again resumed n bring
re-test of last Friday's high at 1.5133.
Buy again on dips with stop as suggested, below
wud prolong consolidation n risk 1.4970/80...
Range Forecast
1.5025 / 1.5060
Resistance/Support
R: 1.5068/1.5092/1.5133
S: 1.4989/1.4940/1.4893
8
1
Forex Market Outlook on Majors
Mon, Dec 15 2008, 05:37 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: +1.5040+
Updating time : 15 Dec 2008 05:27 GMT
bias remains for near term rise fm 1.4818 to extend
to 1.5070/75, however, abv 1.5090/00 is needed to
signal recent upmove has once again resumed n bring
re-test of last Friday's high at 1.5133.
Buy again on dips with stop as suggested, below
wud prolong consolidation n risk 1.4970/80...
Range Forecast
1.5025 / 1.5060
Resistance/Support
R: 1.5068/1.5092/1.5133
S: 1.4989/1.4940/1.4893
Published on Mon, Dec 15 2008, 06:30 GMT
Archive
- Forex Market Outlook on Majors
Published On Tue, Nov 3 2009, 04:30 GMT - Forex Market Outlook on Majors
Published On Wed, Oct 28 2009, 08:03 GMT - Forex Market Outlook on Majors
Published On Fri, Oct 23 2009, 08:53 GMT - Forex Market Outlook on Majors
Published On Wed, Oct 21 2009, 00:09 GMT - Forex Market Outlook on Majors
Published On Mon, Oct 19 2009, 09:13 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.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.