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[LEFT][SIZE="5"]EUR/USD - Euro Dollar[/SIZE]1,2715. EUR USD is in a range between 1,2665 and 1,2885. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,2665 / 1,2880 range. If the support breaks then the target will be 1,2600 (115 pips). [/LEFT][INDENT][LEFT][B]Resistances[/B]1,,2770 - 1,2880[B]Supports[/B]1,2660 - 1,2520[/LEFT][/INDENT][LEFT]more information on [URL="http://www.mataf.net/en/forex-eurusd.htm"]EUR/USD - Euro Dollar [B]Click Here[/B][/URL][/LEFT][CENTER][IMG]http://www.mataf.net/section/devises/page/images/eurusd.png[/IMG][/CENTER][LEFT][SIZE="5"]GBP/USD ...

[B]Bias:[/B] While 1.2771 caps the downside could see extension to 1.2602-33 at least & max 1.2569

Losses pushed down to the 1.2700-20 area and just below to 1.2689. I don't think this decline has finished and while 1.2771 caps (max 1.2794) I feel the downside has more chance of resuming. A move back below the 1.2730 pivot area would extend losses through 1.2689 and 1.2661 towards the 1.2602-33 are at least. From this point take care as I think we'll be seeing a base around this area - maximum the 1.2569 support. Thus any stronger bearish stance will need a break below 1.2565 and if seen would retest 1.251.

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Attached Files

• The Brief Daily Forecaster.pdf (65.9 KB, 103 次查看)

Market Review - 25/02/2009 22:28 GMT

Dollar rises across the board on risk aversion as U.S. existing home sales fall unexpectedly


The greenback strengthened against major currencies on Wednesday as the dollar's value as a safe-haven attracted investors who were disappointed by a report which showed that sales of existing homes in the U.S. dropped by 5.3%, compared to the market expectation of a rise of 1.1%. U.S. stock markets were unable to build on Tuesday's gains with the Dow ending the day down 80 points. Data released earlier in the day highlighted the negative outlook for Germany and the U.K. as both economies showed contractions in the fourth quarter of 2008.

Dollar rose again ...

Intra-day trading signal by AceTrader

USD/JPY OUTLOOK 97.42

Last Update At 25 Feb 2009 22:53 GMT

Although dlr has retreated after y'day's rise
to 97.79 n sideways trading is in store, as long as
97.04 holds, another upmove is still seen n abv
97.79 wud extend gain to 97.90/92, however, loss of
upward momentum wud cap price below 98.30/31.

Buy on dips with stop as indicated, break wud
signal temp. top is made, risk retrace to 96.53/55.

Range Forecast
97.20 / 97.60

Resistance/Support
R: 97.79 / 98.30 / 98.89
S: 97.04 / 96.35 / 96.07

Our 2008 trading performance summary:
http://www.acetraderfx.com/eng/perfo...erform2008.asp