BAVARIA FIRST INVESTMENT

<html>
		<head>
		<title>Recommendation - 2010-08-31</title>
		<style type="text/css">
			body { margin: 50px; padding: 0; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px; color: #444; }
			p { margin: 0; padding: 0; }
			table { margin: 0; padding: 0; border-collapse: collapse;	}
			td	 { padding:0;	 vertical-align:top;		}
			h1 {	font-size: 24px;	margin:10px 0 10px 0;	font-family: Arial, Helvetica, sans-serif; }
			h1 small {	font-size: 14px; }
			h2 {	font-size: 18px;	margin:5px 0 5px 0; 	font-family: Arial, Helvetica, sans-serif; }
			h3 {	font-size: 16px;	margin:3px 0 3px 0; 	font-family: Arial, Helvetica, sans-serif; }
		 .bfi { background-color:#a0a0a0; color:#fff; width:100%; }
		 .bfi td, th { padding:10px 5px 10px 5px; border:1px solid #fff;}
		 .bfi th { font-weight:bold; }
		 .bfi tr.header { font-weight:bold; }
		 .bfi .darker { background-color:#5c5c5c; } 
		 .bfi .lighter { background-color:#c2c2c2; }
		 .footer			{ margin: 2em 0; text-align: center; font-weight: bold; }
		 p.header			{ height: 71px; background-image: url('http://bavariafund.com/images/header_logo.png');background-repeat: no-repeat; }
		 p.law				{ font-size: 0.8em; text-align: justify; margin: 1em 0;}
		</style>
		</head>
		<body>
		<h1>Recommendation - 2010-08-31 10:43</h1>EURUSDGenerally speaking we were a witness of firmly breaking the resistance at 1.2660 by nearly 40 pips but it had not been a sign for decisive selling especially when the market is quoting again above 1.2660. Today our recommendation perceives setting some shorts around 1.2710 as this resistance became crucial in still possible march toward 1.2820. Otherwise any weakness of this pair at 1.2710 or already 1.2685 means clear return toward targets around 1.2430. USDCHFToday we suggest opening short positions around 1.0240 as downward scenario is perfectly realized. Clearly meaning that the next pause in falls shall be not earlier than at 1.0150. Moreover after stop around that lower support the straight way toward 1.000 is at horizon. GBPUSD It is worthy to know that any incidental jump toward 1.5500 may easily add another 80 pips higher. Generally in line with yesterday prognosis in case firmly breaking 1.5500 another 100 pips shall be a matter of few hours. Our daily recommendation perceives some short from 1.5450 with targets around at 1.5400. EURJPYCurrently this pair has some difficulties with breaking the resistance at 107.00 what naturally may be resulted in falls even toward 106.30. Moreover breaking that lower level easily open a way for deeper 600 pips falls. In spite surviving this pair above 106.80 some bigger shorts shall be set not earlier than at 108.40 with possibility testing levels even 100 pips higher. The Recommendations are estimated with our best knowledge and diligence. We accept no responsibility for the accuracy or completeness of any information here in contained nor for any forecasts or recommendations. We shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information herein contained. The contents of this publication should not be construed as an express or implied promise, guarantee or implication by us that you will profit from the strategies herein or that your losses in connection therewith can or will be limited. Stops may not necessarily limit losses to intended levels.
					Bavaria First Investment Ltd. All rights reserved.</body></html>

Daily commentary - 2010-08-31, 10:43

EURUSD

Generally speaking we were a witness of firmly breaking the resistance at 1.2660 by nearly 40 pips but it had not been a sign for decisive selling especially when the market is quoting again above 1.2660. Today our recommendation perceives setting some shorts around 1.2710 as this resistance became crucial in still possible march toward 1.2820. Otherwise any weakness of this pair at 1.2710 or already 1.2685 means clear return toward targets around 1.2430.

USDCHF

Today we suggest opening short positions around 1.0240 as downward scenario is perfectly realized. Clearly meaning that the next pause in falls shall be not earlier than at 1.0150. Moreover after stop around that lower support the straight way toward 1.000 is at horizon.

GBPUSD

It is worthy to know that any incidental jump toward 1.5500 may easily add another 80 pips higher. Generally in line with yesterday prognosis in case firmly breaking 1.5500 another 100 pips shall be a matter of few hours. Our daily recommendation perceives some short from 1.5450 with targets around at 1.5400.

EURJPY

Currently this pair has some difficulties with breaking the resistance at 107.00 what naturally may be resulted in falls even toward 106.30. Moreover breaking that lower level easily open a way for deeper 600 pips falls. In spite surviving this pair above 106.80 some bigger shorts shall be set not earlier than at 108.40 with possibility testing levels even 100 pips higher.

>> Link to recommendation 2010-08-31

BAVARIA FIRST INVESTMENT

Daily commentary - 2010-08-31, 10:43

Previous reports

Calendar

Agencja interaktywna