Feb 14
Monday
Analysis and forecasts
Monday 02.14.2005
by Liviu
closeAuthor: Liviu
Name: Liviu Flesar
Site: http://www.innerfx.com
About: I am an independant currency trader providing currency market analysis mainly for two reasons:
1. to improve my discipline, keeping a clear track record of my own thoughts, analyzing both my good and bad expectations on market moves;
2. sharing my thoughts with other traders, hoping they may benefit from my opinions and experience.
I don't call myself a veteran or trading guru of some sort as there's a lot more I have to learn, a lot more I have to see and my 8 years experience into currency trading is not enough proof that I will be successful during the next 8 years.
I dare to believe that my articles are useful to many traders from around the world and I strive to improve in my attempt to become a better and more accurate writer.
innerfx.com is my own project, a blog about currency trading where I share my commentaries and market thoughts. The site has been launched to address the needs of other currency traders and also to keep a track record of my articles. I am not fully dedicated to currency trading because I want to diversify my knowledge, therefore I am involved in different areas.See Authors Posts (1405) on February 14, 2005 – 8:24 am GMT |
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Added on 14.02.2005 at 06.24GMT
EURUSD
The pair is currently in the major resistance area. Additional gains will target the 1.3 level but on the other side, the resistance will
probably hold and we will see a reverse of the Asian session rally. Current exchange rate is 1.2938
Trading strategies:
Short at 1.2947, t/p @1.289, s/l @1.2970
USDJPY
Important support is seen in the 104.30/50 area, resistance starts at 105.25 followed by 105.65. The pair will probably reverse, at least
for a small retracement. Current exchange rate is 104.85
Trading strategies:
Long at 104.70, t/p @105.15, s/l @104.45
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