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Technical analysis >  FOREX COMMENTARY 19.08.2004
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*profi-forex*



Joined: 10 Apr 1980
Posts: 0

PostPosted: Thu Aug 19, 2004 12:13 pm    Post subject: quote

19.08.2004 (04:17am US Time)

Today`s data:

04:30 GBP – Retail Sales m/m (Jul) prev. 1.1% for. -0.3%

04:30 GBP – M4 Money Supply m/m (Jul) prev. 0.5% for. 0.5%

04:30 GBP – Public Finances (Jul) prev.. 10.6b for.. -6.6b

08:30 USD – Initial Jobless Claims (Aug) prev. 333k for. 335k

100 USD – Leading Indicators (Jul) prev.. -0.2% for. -0.2%

120 USD – Philadelphia Fed Factory Survey (Aug) prev. 36.1 for.. 30.5

110 – 130 – USD – Snow speeks

19:50 JPY – Tertiary Industry Index m/m (Jun) prev. -1.0% for. 0.4%

19:50 JPY – All Industry Activity Index m/m (Jun) prev. -0.7% for. 0.0%


USD/JPY (CURRENT LEVEL 109.56) – YESTERDAY WE TESTED 109.10/45 REGION. NOW WE EXPECT BOUNCE TOWARDS 110.00 MAYBE 110.40 AND THEN WE SHOULD SEE FALL BELOW 109.00.

EURUSD (CURRENT LEVEL 1.2141) - STRONG RESISTANCE AT 1.2395. EUR IS STILL BELOW THIS REGION. IN OUR OPINION TODAY WE COULD TEST AGAIN 1.2280 OR EVEN 1.2260 REGION. AFTER THIS BULLS SHOULD AGAIN ATTACK ABOVE-MENTIONED RESISTANCE.

USD/CHF (CURRENT LEVEL 1.2345) - STRONG RESISTANCE 1.2505/15, SUPPORT AT 1.2370. CHF SHOULD BE STRONGER TO THE END OF THE WEEK.

GBP/USD (CURRENT LEVEL 1.8212) - SUPPORT 1.8130/50, RESISTANCE 1.8300/20
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