TODAY`S FOREX MARKET OUTLOOK

Tuesday, October 28, 2003
Daily report
Trendsetter Financial Markets Ltd.
http://www.acetrader.com



USD/YEN - 108.45
Although yesterday`s resumption of medium term downtrend suggests further weakness below 108.00 would be seen, loss of downward momentum suggests 107.50/55 would hold initially, yield moderate corrective rebound later but 109.50/55 should hold from here...


INTRA-DAY USD/CHF OUTLOOK

(Update at 02:03GMT 2003/10/28)

Outlook is similar to euro, present breach of 1.3195 signals near term rise from 1.3025 would extend marginal gain to 1.3240, however, as this move is viewed as correction of recent fall from 1.3450, overbought condition would cap dollar well below 1.3285/90..

Trade from long side, stop now at 1.3180 and exit on such rise. Below said support risks 1.3145/50 first...


Rate: 1.3220
Strategy / Entry Level: Hold long
Position: Long at 1.3196
Objective: 1.3240
Stop-Loss: 1.3180
Range Forecast: 1.3200 / 1.3235
Resistance: 1.3238/1.3257/1.3315
Support: 1.3195/1.3128/1.3040



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