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Forecast Time: 4:01AM EST (US-NY Time)
Next Update: 2:50 AM.
* Forecast is based on intraday trend, Put stoploss atleast 30pips away to prevent from loss.
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* You can sell and buy again on different dips between short term uptrend.
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*Our Target is 100-200 Pips Daily
*Performance Last week 1200+ Pips - This week 1650+
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Forex Updates [May21, 2006]..The Cad Retail sale Data come at 8:30EST 19th May 2006.. be ready that will change the USD/CAD... and this data news is important and could change market direction... trade accordingly...

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Latest Forex Market Update

EUR/USD is still in pressure due to strong dollar policy of friday..... enter in trade after clear signals.. good range bound for scalpers...

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Urgent News Trades:

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Short Term Trades:

EUR/USD : Short term buy again arround 1.2700 then Sell arround 1.2820....must use stoploss at 1.2748... can go towards 1.2870 if you are not cautious then stay little.

Next Move: Buy again arround 1.2765 then Sell between 1.2870
Current rate: 1.2773 Trend: short term down then up
Status: Target in Range

My action: short term Bought again at 1.2701 will Sell at 1.2748 with stoploss at 1.2740 Time: 2:50AM

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USD/JPY: Short term buy arround 111.90then sell arround 112.10
Next Move: buy again at 110.05 then sell arround 111.50

Current Rate: 111.94 Trend: short term down
Status: Target Achieved

My action: Bought again at 111.92 Sold at 112.04 Time: 9:20PM
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GBP/USD: Buy arround 1.8650 with selling targets arround 1.8820... must use stoploss at 1.8750.

Next Move: buy again arround 1.8765 with selling target arround 1.8780
Current rate: 1.8775 Trend: short term up
Status: Target in Range

My action: short term Bought again at 1.8646 Sell at 1.8736 with stoploss at 1.8700

Time: 2:56AM =====================================

USD/CHF : Buy arround 1.2140 then selling targets at 1.2275

Next Move: buy again arround 1.2090 then selling target arround 1.2110
Current rate: 1.2160 Trend: short term down
Status: Target Achieved

My action: will Buy again at 1.2140 Sell at 1.2290 Time: --====================================

GBP/JPY : Buy again arround 208.20 with Selling targets at 209.80

Next Move: depends on trend so trade on different dips

Current rate: 209.79 Trend: short term up
Status: Target Achieved
My action: Buy arround 208.20 Sell at 209.80 Time: -- ===================================

EUR/GBP: Buy arround 0.6752 Sell arround 0.6850
Next Move: depends on trend
Current rate: 0.6795 Trend: short term up
Status: Target Achieved

My action: Bought again at 0.6762 Sold at 0.6778 Time: 4:12AM
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Long Term Trades:
* go long with CAD/JPY as it will move with Oil Prices
* go long with AUD/JPY as it will move with Gold Prices.

Best of Luck and Have a Nice trade !!!

FxTrend - Forecast May 24, 2006

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Sunday, May 21, 2006

Intraday Forex Forecast May 21, 2006

Updates ! May 21, 2006