TODAY`S FOREX MARKET OUTLOOK FROM ACETRADER
Fri, 27 Aug 2004 08:23GMT
Daily report
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EUR/USD - 1.2095
Update Time : 08:06GMT

Although euro`s rebound after finding support at 1.2040 suggests a temporary low is made
and a retracement of recent decline is seen, upside should be limited to 1.2160/70 and yield
resumption of recent decline for one more fall to 1.2020 before prospect of another
correction.


DAILY EUR/USD OUTLOOK - 1.2113
Update Time : 2004/08/27 07:51GMT

Although euro`s rebound fm 1.2040 suggests retrace. of this week`s selloff is under way,
o/bot condition wud limit upside to 1.2185/90 n yield retreat, below 1.2060/62 wud signal
decline has resumed for marginal weakness twd 1.2020.

Turn short on recovery n exit on such move, stop at 1.2225, break defers but 1.2278 shud
hold...

Rate: 1.2113

Strategy: Turn short at 1.2165
Position:

Objective: 1.2070
Stop-Loss: 1.2225
Resistance:
1.2167/1.2230/1.2278
Support: 1.2040/1.2020/1.1968


GBP/YEN DAILY CROSS OUTLOOK - 196.94
Update Time : 2004/08/27 07:30GMT

As stg has rebounded fm 196.23, consolidation with upside bias is seen but a break abv
198.50 is needed to confirm low has been formed at 195.60.

Hold long, stop as indicated, break wud signal recent decline has resumed, bring test of said
low.

Rate: 196.94

Strategy: Long at 196.40
Position: Long at 196.40
Objective: 198.00
Stop-Loss: 196.20
Resistance:
198.50/199.34/200.25
Support: 196.23/195.60/194.55

SEP T-BOND FUTURES DAILY OUTLOOK - 111.13
Update Time : 2004/08/27 01:30GMT

T-bond`s rebound y`day suggests upside bias remains for gain to 111.26 res but abv is
needed to confirm uptrend has resumed n yield 112.00.

Hold long with stop now below 110.05, break wud prolong consolidation n risk weakness to
110.23...

Rate: 111.13

Strategy: Long at 110.28
Position: Long at 110.28
Objective: 111.20
Stop-Loss: 111.04
Resistance:
111.26/112.00/112.10
Support: 111.05/110.23/110.02


YESTERDAY`S RECOMMENDED TRADES

INTRA-DAY EUR/USD OUTLOOK - +1.2115+
Update Time : 2004/08/26 19:15GMT

As euro has edged higher fm 1.2075/80, retaining our bullishness that another corrective rise
fm 1.2040 wud be seen to 1.2122 n then twds 1.2135/40 later, however, reckon 1.2167 res
wud remain intactn bring further sideways trading.

Trade fm long side with stop as indicated. Only below 1.2040 sup aborts n risks 1.2020 1st...

Rate: +1.2115+

Strategy: +Target met+
Position: Long at 1.2075
Objective: 1.2115
Stop-Loss:

Resistance:
1.2122/1.2135/1.2167
Support: 1.2040/1.2020/1.1968



INTRA-DAY EUR/USD OUTLOOK - +1.2108+
Update Time : 2004/08/26 11:52GMT

Although euro has retreated after intra-day rebound to 1.2091 n further consolidation is
seen, as long as sup 1.2040 holds, upside bias remains for another corrective bounce, abv
said res wud extend gain twds 1.2130/35 but res at 1.2167 shud hold.

Buy dips, stop 1.2040, break wud risk marginal weakness to 1.2020 b4 prospect of a strg
recovery..

Rate: +1.2108+

Strategy: +Hold long+
Position: +Long at 1.2080+
Objective: +1.2115+
Stop-Loss: +1.2090+
Resistance:
1.2116/1.2135/1.2167
Support: 1.2040/1.2020/1.1968



DAILY EUR/USD OUTLOOK - 1.2085
Update Time : 2004/08/26 07:16GMT

Euro`s early anticipated brief fall to 1.2040 n intra-day rebound suggest last week`s decline
fm 1.2390 has finally made a temp. low n consolidation with `upside bias` is seen for
correction to 1.2135 but reckon 1.2167 wud limit present rise.

Hold long, stop now at break-even, below wud
risk 1.2020 but 1.1990/00 shud remain
intact...

Rate: 1.2085

Strategy: Hold long
Position: Long at 1.2045
Objective: 1.2135 1st
Stop-Loss: 1.2045
Resistance:
1.2116/1.2167/1.2230
Support: 1.2040/1.2020/1.1968


INTRA-DAY USD/CHF OUTLOOK - +1.2720+
Update Time : 2004/08/26 17:26GMT

Dlr`s retreat fm 1.2765/70 suggests intra-day top has possibly been formed at 1.2783 n
consolida-tion with downside bias to 1.2700 is seen but break is needed to confirm retrace. of
recent rally fm 1.2377 is under way to 1.2665/70 1st.

Trade fm short side with stop as indicated, abv wud extend marginal gain to 1.2820/25 b4
down...

Rate: +1.2720+

Strategy: +Target met+
Position: Short at 1.2760
Objective: 1.2720
Stop-Loss:

Resistance:
1.2783/1.2860/1.2929
Support: 1.2695/1.2666/1.2590



INTRA-DAY USD/CHF OUTLOOK - 1.2719
Update Time : 2004/08/26 11:56GMT

As dlr`s intra-day decline fm 1.2783 has accelerated, retaining downside bias for further
weakness twd indicateds sup at 1.2695 but break there is needed to confirm correction of
recent upmove is under way for 1.2666/70.

Trade fm short side with stop as indicated, abv wud risk 1.2790/95 b4 down...

Rate: 1.2719

Strategy: Hold short
Position: Short at 1.2746
Objective: 1.2700
Stop-Loss: +1.2740+
Resistance:
1.2783/1.2860/1.2929
Support: 1.2695/1.2666/1.2590



INTRA-DAY USD/CHF OUTLOOK - +1.2735+
Update Time : 2004/08/26 07:00GMT

As dlr has retreated after brief rise to 1.2780, suggesting an intra-day top has possibly been
made n consolidation with downside bias is seen for weakness to 1.2733/35 but below is
needed to confirm n yield retrace. to 1.2695 sup later.

Trade fm short side, stop now abv there, break wud risk one more rise twds 1.2799 b4
retreat...

Rate: +1.2735+

Strategy: +Target met+
Position: Short at 1.2770
Objective: 1.2735
Stop-Loss:

Resistance:
1.2799/1.2860/1.2929
Support: 1.2695/1.2666/1.2590



INTRA-DAY GBP/USD OUTLOOK - +1.7980+
Update Time : 2004/08/26 06:35GMT

Although cable has continued to edge lower fm 1.8015, nr term outlook is consolidative n as
long as 1.7905/10 holds, intra-day mild upside bias is seen for another bounce to indicated
obj. but res at 1.8015 wud remain intact.

Hold long with stop at 1.7905, break wud risk possible re-test of said 1.7883 low later...

Rate: +1.7980+

Strategy: +Target met+
Position: Long at 1.7935
Objective: 1.7980
Stop-Loss:

Resistance:
1.8015/1.8090/1.8129
Support: 1.7933/1.7883/1.7850


INTRA-DAY AUD/USD OUTLOOK - +0.7080+
Update Time : 2004/08/26 07:06GMT

Aussie`s intra-day rebound fm 0.7035 suggests consolidation fm y`day`s low of 0.7023 wud
continue n upside bias is seen for gain to 0.7084 res but abv needed to strg retrace. of
recent decline is under way n yield further gain to 0.7100.

Hold long with stop at 0.7055, break wud defer but sup at 0.7023 shud hold fm here...

Rate: +0.7080+

Strategy: +Target met+
Position: Long at 0.7045
Objective: 0.7080
Stop-Loss:

Resistance:
0.7084/0.7137/0.7171
Support: 0.7023/0.6990/0.6932




AceTrader Performance Update

July 2004 (Pips)












Intraday



Daily
USD/YEN





+217





-31
EUR/USD





+509





+186
USD/CHF





+529





+499
GBP/USD





+752





+301

YTD 2004 (Pips)












Intraday



Daily
USD/YEN





+338





-31
EUR/USD





+2550



+1130
USD/CHF





+2421



+1001
GBP/USD





+2941



+548



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