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Politics : PRESIDENT GEORGE W. BUSH
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To: ThirdEye who wrote (671256)2/5/2005 4:32:42 AM
From: Hope Praytochange  Read Replies (3) of 769670
 
The March Dollar closed higher on Thursday and above the 25%
retracement level of the May-December decline crossing at 83.71. The
high-range close sets the stage for a steady to firmer opening on
Friday. Stochastics and the RSI are turning bullish signaling that
sideways to higher prices are possible near-term. Closes above the
reaction high crossing at 84.14 would open the door for a
larger-degree rebound during the first half of February. Closes below
the 20-day moving average crossing at 83.40 would signal that this
year's short covering rally has come to an end. The March Euro closed
lower on Thursday and below the 10-day moving average crossing at
130.387 and is challenging the 38% retracement level of the
April-December rally crossing at 129.409. The low-range close sets
the stage for a steady to lower opening on Friday. Stochastics and
the RSI are turning bearish signaling that sideways to lower prices
are possible near-term. If March resumes this year's decline, the 50%
retracement level crossing at 127.135 is the next downside target.
Closes above the 20-day moving average crossing at 130.724 are needed
to confirm that a short-term low has been posted. The March Swiss
Franc posted a new low for the year on Thursday and as it extended
this year's decline and breakout below the 38% retracement level of
the April-December rally crossing at .8420. The mid-range close sets
the stage for a steady opening on Friday. Stochastics and the RSI are
bearish signaling that sideways to lower prices are possible
near-term. If March extends this month's decline, the 50% retracement
level crossing at .8275 is the next downside target. Closes above the
20-day moving average crossing at .8460 are needed to confirm that a
low has been posted.
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