FOREX MARKET OUTLOOK FROM ACETRADER - USD/CHF

Monday, December 1, 2003
Daily report
Trendsetter Financial Markets Ltd.
http://www.acetrader.com



USD/YEN - 110.00

Dollar`s upmove from 107.52 has resumed due to cross selling in yen and a retracement of
the medium-term intermediate decline from 117.72 is under way for further gain towards
110.00 but chart resistance at 111.50 would hold initially.


INTRA-DAY USD/CHF OUTLOOK

(Update at 04:33GMT 2003/12/1)

As dollar has recovered after finding support at 1.2861, suggesting consolidation would be
seen ahead of European opening but reckon 1.2910/20 would limit upside, bring one more
fall toward 1.2840, however, 1.2800/10 would hold from here due to loss of momentum.

Hold short with stop as indicated and exit on subsequent weakness.


Rate: 1.2890
Strategy / Entry Level: Hold short
Position: Short at 1.2900
Objective: 1.2850/55
Stop-Loss: 1.2935
Range Forecast: 1.2870/1.2905
Resistance: 1.2950/1.3027/1.3063
Support: 1.2846/1.2780/1.2712



REALTIME INTRADAY forex trading signals and commentaries which are used by BANKS
through Reuters for MORE than 15 years are now available to individual users. Lead by world
renowned technical analyst Wilson Leung, our team of analysts monitors the FOREX market
24 HOURS A DAY. Please visit us at www.acetrader.com for more information

DISCLAIMER
Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its
service or information contained therein. Trendsetter does not give, whatsoever, warranties,
expressed or implied, to the results to be obtained by using its services or information it
provided. Users are trading on their own risk and Trendsetter shall not be responsible under
any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no
event, be liable to users or any third parties for any consequential damages, however
arising, including but not limited to damages caused by negligence whether such damages
were foreseen or unforeseen.