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Technical analysis >  FOREX COMMENTARY 01.09.2004
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*profi-forex*



Joined: 10 Apr 1980
Posts: 0

PostPosted: Wed Sep 01, 2004 12:50 pm    Post subject: quote

Today`s data (01.09.2004):


04:30 GBP – CIPS PMI Manufacturing for. 56

050 CHF – PMI prev. 55.5

050 EUR – Euro-zone Uemployment Rate prev. 9.0%

100 USD – Construction Spending prev. -0.3% for. 0.4%

100 USD – ISM Manufacturing prev. 62 for. 60

100 USD – ISM Prices Paid prev. 77 for. 78



01.09.2004 (04:43 US Time)


USD/JPY (CURRENT LEVEL 109.32) - AS WE EXPECT YESTERDAY WE TESTED 109.00 REGION. WITH THIS HELP US INEXPENSIVE BRENT AND REPORT BOJ ABOUT NO INTERVENTION ON FOREX MARKET IN AUGUST AND ALSO WORST THAN EXPECTED US DATA. MINIMUM WAS AT 108.75 REGION. NOW WE HAVE CORECTION AND BACK TOWARDS BROKEN SUPPORT AT 109.50/66. AT THIS LEVEL WE SHOULD STAY UNTILL TODAY`S US DATA.


EUR/USD (CURRENT LEVEL 1.2166) - AFTER WORST THAN EXPECTED US DATA WE BROKE RESISTANCE AT 1.2123 AND 1.2170 AND TESTED 1.2200 REGION. NOW WE COULD SEE BACK TOWARDS BROKEN RESISTANCES AND IF TODAY`S AFTERNOON DATA WILL BE JUST LIKE EXPECTED OR WORST WE SHOULD BREAK 1.2200 REGION.


USD/CHF (CURRENT LEVEL 1.2651) - ON AS WE EXPECT YESTERDAY BREAKING SUPPORT AT 1.2785 CAUSE FALLS TOWARDS 1.2700 AND AFTED US DATA WE BROKE NEXT SUPPORT AT 1.2690 REGION. NOW WE HAVE BOUNCE TO 1.2700 AND THIS REGION SHOULD BE USED TO TAKE SHORT POSITION ON USD.


GBP/USD (CURRENT LEVEL 1.7949) - WE STILL HAVE RANGE: 1.7840/50 - 1.8000/30. iF WE BREAK SUPPORT WE SHOULD SEE FALLS TO 1.7500 REGION BUT BREAKING RESISTANCE WILL OPEN THE WAY TO RISE TOWARDS 1.8080 AND EVEN 1.8130.

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