Edy Zahnd, FX-forecast for November 11, 2004, Premium edition, 16:42 CET

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EUR/USD

Trading range: 1.2910-1.2999

Trend: Further down. Might briefly test 1.2910 and recover to 1.2960 later on. 

Sell: 1.2940, SL 1.2958, TP 1.2920

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USD/JPY

Trading range: 104.7-106.20

Trend: Weak. The USD might possibly drop to 104.90, before a recovery can take place. For the short term:

Sell: 105,50, SL 105,69, TP 105,13;

Buy: 104.90 SL 104.65 TP 105.50

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GBP/USD

Trading range: 1.8500-1.8660

Trend: Falling more

Sell: 1.8490, SL 1.8505, TP 1.8460.

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USD/CHF

Trading range: 1.1690-1.1820

Trend: Not clear. Support at 1.1690 may hold. Resistance at 1.1735 has been

broken, the USD could slightly rise and stays approximately at the same level, or it can also fall back down to 1.1760.

Verkauf: 1.1795, SL 1.1805, TP 1.1765

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Comments: SL= Stop loss,TP=Take profit

Intraday trading signals (=Updates, depending on market situation)

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FX-forecast, update, 12:03 hours (CET)

EUR/USD

Buy at 1.2943, SL 1.2929, TP 1,2970

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FX-forecast, Update, 14:22 hours (CET)

USD/JPY

Sell at 1,0528 - Profit: +22 Pips

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Spread for buy and sell signals have already been taken into account. Normally we add a detailed news analysis
             in the premium edition!