Feb 09
Wednesday
Analysis and forecasts
Wednesday 02.09.2005
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 (1404) on February 9, 2005 – 8:38 am GMT |
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Added on 02.09.2005 at 06.37GMT
EURUSD
Resistance is seen at 1.2796 followed by 1.2830. Important support is eyed at 1.27.
A rally toward 1.285 is possible. Current exchange rate is 1.2780
Trading strategies:
Long at 1.276, t/p @1.279, s/l @1.2745
USDJPY
Support was found at 105.25 at it will probably be tested soon. Current exchange rate is 105.47.
Trading strategies:
Short at 105.60, t/p @105.30, s/l @105.80
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