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Forex Market Outlook on Majors
Mon, Oct 19 2009, 09:13 GMT
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:
Last Update At 19 Oct 2009 08:23 GMT
Rate : 1.6275
Despite cable's brief breach of 1.6253 (Friday'slow), lack of follow through selling n present
rebound due partly to intra-day dlr's broad-based
weakness suggest the decline fm 1.6401 has possibly
made a temp. low, abv 1.6302/07 wud yield 1.6344.
Below said European low wud extend aforesaid
fall to 1.6210/13 later, stand aside for now.
Range Forecast
1.6255 / 1.6290
Resistance/Support
R: 1.6307/1.6376/1.6401
S: 1.6240/1.6213/1.6160
Published on Mon, Oct 19 2009, 09:22 GMT
Archive
- Forex Market Outlook on Majors
Published On Thu, Nov 19 2009, 00:50 GMT - Forex Market Outlook on Majors
Published On Wed, Nov 18 2009, 03:17 GMT - Forex Market Outlook on Majors
Published On Tue, Nov 17 2009, 06:14 GMT - Forex Market Outlook on Majors
Published On Tue, Nov 10 2009, 03:55 GMT - Forex Market Outlook on Majors
Published On Tue, Nov 3 2009, 04:30 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.