استراتيجيات تداول العملات و النفط و الذهب [الأرشيف]

Sulaiman Ben ZerQi

07-12-2007, 10:49 AM

بسم الله الرحمن الرحيم

ان شاء الله في كل يوم اثنين و ثلاثاء و اربعاء و خميس و جمعة سوف ننشر استراتيجيات تداول العملات و النفط و الذهب باللغة الانجليزية و نرجو المشاركة من الجميع و التعليق على اخر احداث انهيار امبراطورية الدولار الامريكى

STRATEGY
الإستراتيجية
اليوم الجمعة التاريخ 7/12/2007 الساعة 9:00

EUR/USD

08:47 06DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAT
![EUR/USD] TEL 212-907-5803 !
|remains in a choppy downtrend from 23 Nov's all-time traded high at 1.4968, |
|having left a lower top at 1.4771 on Weds following a bounce off Mon's 1.4620|
|low. The retreat from 1.4771 has extended through 1.4620 to exceed former |
|key resist at 1.4563 (Mar 95 calc'd peak), raising fears of a further slide |
|toward 1.4492-1.4521. A sustained bounce over 1.4620-22 req'd to avert |
|[STRATEGY] SELL AT 1.4615 FOR A [1.4492] OBJECTIVE, STOP AT (1.4655) |
[MOVING AVERAGES |L-TERM HIGH 1.4968 23NOV07 L-TERM LOW .8228 26OCT00 ]
| 20DAY 1.4721 DN | [] 1.4699 FAIR (05 Dec intraday low) |
| 50DAY 1.4456 UP | [] 1.4671 FAIR (05 Dec intraday high) |
| 90DAY 1.4137 UP | [] (1.4655) FAIR (05 Dec intraday low - 1.4848) |
|200DAY 1.3778 UP |[] 1.4622 STRG (03 Dec low/today high-1.4620/22)|
! 9 DAY RSI !============ 1.4594 (UPDATE PRICE) NY 06 Dec 13.45 GMT |
| 33.31 (53.21) |[] 1.4521 STRG (12/13 Nov lows - 1.4526/21) |
! TRENDS ! [] [1.4492] FAIR (50% retrace of 1.4015-1.4968) |
| MAJOR UP | [] 1.4467 FAIR (06 Nov low) |
| MINOR DOWN | [] 1.4458 FAIR (05 Nov intraday low) |

GBP/USD
08:32 06DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAW
![GBP/USD] TEL 212-907-5803 !
|fully unwound the 2.0352-2.0833 bull-leg (16 Nov-28 Nov), briefly finding |
|suppt at 2.0352 on Weds before extending lower from a 2.0405 rally top. |
|Steady losses have followed and as yet there are no immed signs of a low |
|being formed. A move into our 2.0137-97 next target area has now occured and|
|the risk is for an o/shoot to test 2.0085-2.0105. |
|[STRATEGY] SIDELINED FOR NOW, POSSIBLY LOOKING TO RE-SELL FOR A FRESH FALL |
[MOVING AVERAGES |L-TERM HIGH 2.4546 NOV80 L-TERM LOW 1.0300 FEB85 ]
| 20DAY 2.0636 DN | [] 2.0445 FAIR (05 Dec intraday low) |
| 50DAY 2.0566 UP | [] 2.0405 FAIR (05 Dec intraday high) |
| 90DAY 2.0374 DN | [] 2.0352 STRG (16 Nov/05 Dec id lows) |
|200DAY 2.0105 UP |[] 2.0312 FAIR (today's high) |
! 9 DAY RSI !============ 2.0282 (UPDATE PRICE) NY 06 Dec 13.31 GMT |
| 22.58 (43.19) |[] 2.0180 FAIR (today's low) |
! TRENDS ! [] 2.0160 FAIR (27 Sep intraday low) |
| MAJOR UP | [] 2.0137 STRG (27 Sep low) |
| MINOR DOWN | [] 2.0105 FAIR (26 Sep low) |

USD/JPY

08:33 06DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAU
! TEL 212-907-5803 !
|fell to 107.22 on 26 Nov bfr rebounding to 108.82. Higher lows followed at |
|107.53/108.27, and through 109.18 on 28 Dec completed a base. 111.24 was last|
|Fri ahead of a dip to 109.56 Tue. Higher platfrom here has signalled a fresh|
|challenge on 111.24, shields 111.57 (50% of 115.93-107.22) and 111.76 (14 |
|Nov high). 110.28 now buoys, while only under 109.47-56 brks bull structure. |
|[POSITION] LONG AT 109.80 FOR A [111.76] OBJECTIVE, STOP AT (110.50) |
[MOVING AVERAGES |L-TERM HIGH 307.00 DEC75 L-TERM LOW 79.75 APR95 ]
| 20DAY 109.99 DN | [] [111.76] STRG (14 Nov high) |
| 50DAY 113.36 DN | [] 111.57 FAIR (50% retrace of 115.93-107.22) |
| 90DAY 114.52 DN | [] 111.34 STRG (16 Nov high) |
|200DAY 117.64 DN |[] 111.24 STRG (30 Nov high) |
! 9 DAY RSI !============ 110.91 (UPDATE PRICE) NY 06 Dec 13.32 GMT |
| 48.89 (48.89) |[] 110.63 FAIR (today's low) |
! TRENDS ! [] (110.50) FAIR (04 Dec high - 110.54) |
| MAJOR FLAT | [] 110.28 FAIR (05 Dec intraday low) |
| MINOR UP | [] 110.13 FAIR (03 Dec low) |

USD/CHF
08:49 06DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAV
! TEL 212-907-5803 !
|extended recovery from 1.0889 new all-time traded low seen 23 Nov, reaching |
|1.1328 late last Fri ahead of a choppy retreat to 1.1151 on Weds. The bounce|
|since then, through resist at 1.1252-67, ended immed fears of a deeper |
|setback, setting up an initl retest of 1.1320-28. This barrier has now been |
|taken out to raise hopes of 1.1398-1.1422, possibly 1.1449-66. |
[U]|[POSITION] LONG AT 1.1295, RAISE OBJ TO [1.1422], RAISE STOP (1.1250) |
[MOVING AVERAGES |L-TERM HIGH 2.9290 FEB85 L-TERM LOW 1.0889 23NOV07 ]
| 20DAY 1.1166 DN | [] 1.1449 FAIR (07 Nov high) |
| 50DAY 1.1485 DN | [] [1.1422] FAIR (06 Nov low) |
| 90DAY 1.1695 DN | [] 1.1398 FAIR (07 Nov intraday high) |
|200DAY 1.1963 DN |[] 1.1368 FAIR (2005 low - 03 Jan) |
! 9 DAY RSI !============ 1.1295 (UPDATE PRICE) NY 06 Dec 13.46 GMT |
| 63.00 (49.04) |[] 1.1288 FAIR (05 Dec high) |
! TRENDS ! [] (1.1250) FAIR (05 Dec id hgh/tdy low-1.1260/65)|
| MAJOR DOWN | [] 1.1226 FAIR (05 Dec id high/low - 1.1226/32) |
| MINOR UP | [] 1.1218 FAIR (61.8% of 1.1151-1.1326) |

USD/CAD
07:36 06DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAZ
! TEL 212-907-5803 !
|rose strongly off .9059 (07 Nov low) to break a 2-month bear channel. 1.0215|
|was reached Wed, ahead of the latest ease and consolidation that is forming |
|an hourly bull formation. Momentum confirms trend & over 1.0166/1.0215 opens|
|1.0277 first. Further out strength seen to 1.0442 (76.4% retr). Below |
|Wed/Thurs minor higher platform at 1.0085-1.0097 needed to delay advance. |
[U]|[POSITION] LONG AT 1.0140 FOR A [1.0277] NEXT OBJECTIVE, STOP AT (1.0080) |
[MOVING AVERAGES |L-TERM HIGH 1.6194 21JAN02 L-TERM LOW .3597 JUL 1864 ]
| 20DAY .9824 UP | [] 1.0300 FAIR (figure resist) |
| 50DAY .9747 DN | [] [1.0277] FAIR (14 Sep low) |
| 90DAY 1.0061 DN | [] 1.0239 FAIR (17 Sep low) |
|200DAY 1.0591 DN |[] 1.0215 STRG (05 Dec high) |
! 9 DAY RSI !============ 1.0173 (UPDATE PRICE) NY 06 Dec 12.34 GMT |
| 72.30 (65.13) |[] (1.0080) STRG (05 Dec low - 1.0085) |
! TRENDS ! [] 1.0042 FAIR (03 Dec high)) |
| MAJOR DOWN | [] 1.0020 FAIR (30 Nov high) |
| MINOR UP | [] 1.0017 FAIR (04 Oct high) |

AUD/USD
08:56 06DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABA
![AUD/USD] TEL 020-7017-5472 !
|retreated from .9401 (07 Nov's long-term high) to .8652 on 21 Nov. A bounce |
|from there through .8870/71 (26 Nov high/Jul's former year high) appeared to |
|complete a base, but .8923 capped gains last Weds ahead of latest steady |
|retreat. This has so far tested .8660, risk now of a fresh lower top around|
|.8766-87 ahead of further losses toward .8605-33, possibly .8552-72 |
|[STRATEGY] SELL AT .8760 FOR A [.8633] OBJECTIVE, STOP AT (.8795) |
[MOVING AVERAGES |L-TERM HIGH 1.1310 JAN82 L-TERM LOW .4775 02APR01 ]
| 20DAY .8851 DN | [] (.8795) FAIR (03 Dec low - .8787) |
| 50DAY .8954 DN | [] .8776 STRG (29 Nov low) |
| 90DAY .8688 UP | [] .8766 FAIR (04 Dec intraday high) |
| 200DAY .8479 UP |[] .8749 FAIR (today's high) |
! 9 DAY RSI !============ .8725 (UPDATE PRICE) LDN 06 Dec 13.55 GMT |
| 32.70 (36.96) |[] .8677 FAIR (05 Dec intraday low) |
! TRENDS ! [] .8652 STRG (21 Nov/05 Dec lows - .8652/60) |
| MAJOR UP | [] [.8633] FAIR (25 Sep intraday low) |
| MINOR DOWN | [] .8605 STRG (21/25 Sep lows - .8605/11) |
NZD/USD
08:56 06DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABB
![NZD/USD] TEL 020-7017-5472 !
|cleared 15 Oct top at .7787 to reach .7893 on 07 Nov, highest since Jul. A |
|retreat to .7436 was followed by a recovery, this initially stalled at .7676 |
|(14 Nov) with 21 Nov higher low at .7457 having set up an extn to .7760 last |
|Weds. A choppy correcn lower to .7575 on Weds has been followed by a rally |
|to .7737 so far. A higher low by .7635-37 opens .7754-60, poss .7789-.7822 |
|[STRATEGY] BUY AT .7660 FOR AN INITIAL [.7760] RETEST, STOP AT (.7630). |
[MOVING AVERAGES |L-TERM HIGH .8270 10JUN82 L-TERM LOW .3898 18OCT00 ]
| 20DAY .7608 DN | [] .7789 FAIR (1.382 of .7436-.7676 from .7457)|
| 50DAY .7611 UP | [] .7778 FAIR (09 Nov intraday high) |
| 90DAY .7432 FL | [] [.7760] STRG (28/29/30 Nov highs-.7760/53/54) |
| 200DAY .7423 UP |[] .7737 FAIR (today's high) |
! 9 DAY RSI !============ .7725 (UPDATE PRICE) LDN 06 Dec 13.55 GMT |
| 61.91 (50.93) |[] .7683 FAIR (today's low) |
! TRENDS ! [] .7657 FAIR (04 Dec high) |
| MAJOR UP | [] (.7630) STRG (05 Dec intraday lows - .7635/37)|
| MINOR FLAT | [] .7605 FAIR (05 Dec intraday low) |

OIL
08:16 06DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADI
![NYMEX OIL JAN 08] TEL 212 907 5804 !
|Staged rally from Mon 87.14 low, nr rising trendline support (former resis, |
|01 Aug/28 Sep highs), before bulls deserted at 90.39 (nr 90.33 former low/ |
|38.2% of 95.17/87.14 fall). Loss of hourly double bottom (87.14/87.34) low |
|opened 86.05 (since exceeded) and poss twds 83.82 (22 Oct low/nr 50% of |
|68.20-99.29) Over 89.40 to defer, thru 90.39 revives bulls for 91.05/91.52 |
|[STRATEGY] LOOK TO SELL RALLIES |
[M.A. | |05 Dec HI 90.39 LO 86.82 CL 87.49 ]
| 9DAY 91.75 DN | [] 90.39 STRG (05 Dec 2007 high) |
| 18DAY 92.97 DN | [] 89.40 FAIR (05 Dec intraday high) |
| 30DAY 92.71 UP | [] 88.12 FAIR (05 Dec former intraday low) |
| 9 DAY RSI |[] 87.34 FAIR (04 Dec former low) |
! 32.98 (35.12) !============ 86.71 (UPDATE PRICE) NY 06 Dec 1316GMT |
| CONTRACT HIGH |[] 85.26 FAIR (24 Oct hourly low) |
! 99.29 21Nov07 ! [] 84.70 FAIR (24 Oct former intraday high) |
| CONTRACT LOW | [] 84.16 FAIR (24 Oct intraday low) |
| 56.25 17Jan07 | [] 83.91 FAIR (24 Oct 2007 low) |

GOLD
08:13 06DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADJ
![ GOLD CASH] TEL 212 907 5804 !
|Gains off Mon's 777.00 low (ahead of key 772.60, 20 Nov higher low) extended |
|to retrace virtually 50% (806.80) of 836.70/777.00 fall. However, pullback |
|now underway off Wed's 806.70 high has retraced over 61.8% (788.30) of this |
|weeks rally from 777.00 and risk is for break under 777.00 & poss 772.60 to |
|signal 763.80 (equ'ty of 845.4-772.6 frm 836.7). Ovr 806.80 to revive bulls. |
|[STRATEGY] SELL RALLY. |
[M.A. |Cash |05 Dec HI 806.70 LO 791.20 CL 793.10 ]
| 9DAY 802.57 DN | [] 806.80 STRG (50.0% of 836.70-777.00) |
| 18DAY 800.18 DN | [] 804.00 FAIR (05 Dec intraday lower high) |
| 30DAY 801.45 UP | [] 799.10 FAIR (05 Dec hourly high) |
| 9 DAY RSI |[] 796.40 FAIR (today's high) |
! 46.06 ( 52.39) !============ 788.70 (UPDATE PRICE) NY 06 Dec 1313GMT |
| Major High |[] 782.60 FAIR (3 Dec hrly low) |
! 850.00 18Jan80 ! [] 781.20 FAIR (03 Dec former intraday high) |
| Major Low | [] 777.00 STRG (03 Dec session low) |
| 251.70 25Aug99 | [] 774.90 FAIR (19 Nov former low) |

EUR/GBP
08:55 06DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADT
![EUR/GBP] TEL 020-7017-5472 !
|accelerated higher when .7028/.7020 tops (28 Sep/29 Oct) were cleared, also |
|taking out 2005/2004 highs at .7095-.7108 to a 4 1/2 yr high at .7216 (23 |
|Nov). A steady retreat reached .7089 on Mon ahead of a sharp rebound. Tue's|
|clearance of .7164-65 (last Fri/Thurs highs) confirmed reversal, taking out |
|.7216 Weds to a new yr high at .7239. Scope for .7254-80 after a higher low |
[U]|[POSITION] LONG AT .7189 FOR A [.7254] NEXT OBJECTIVE, STOP AT (.7161) |
[MOVING AVERAGES |L-TERM HIGH .7254 26MAY03 L-TERM LOW .5681 04MAY00 ]
| 20DAY .7134 UP | [] .7280 FAIR (calcd GBP/DEM 23 Mar 97 high) |
| 50DAY .7029 UP | [] [.7254] CRITICAL (all-time high 26 May 03) |
| 90DAY .6937 UP | [] .7239 STRG (2007 high - 05 Dec) |
| 200DAY .6851 UP |[] .7218 FAIR (05 Dec intraday high) |
! 9 DAY RSI !============ .7195 (UPDATE PRICE) LDN 06 Dec 13.54 GMT |
| 70.03 (59.99) |[] .7177 FAIR (04 Dec high/today low-.7179/77) |
! TRENDS ! [] (.7161) STRG (05 Dec low - .7166) |
| MAJOR UP | [] .7153 FAIR (04 Dec intraday low) |
| MINOR UP | [] .7131 FAIR (30 Nov low/03 Dec high-.7131/36)|

GBP/CHF
08:54 06DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADQ
![GBP/CHF] TEL 020-7017-5472 !
|extended losses from 25 Jul 6-yr high at 2.4970 through 21 Sep low at 2.3485,|
|also losing Mar's 2.3290 year low en-route to 2.2600 on 23 Nov. A steady |
|recovery followed, reaching 2.3365 on Tues ahead of a sharp retreat through |
|2.3165 (last Wed's high/Mon's low). 2.2765 met Weds ahead of latest correcn |
|higher, this needs to clear 2.3010-35 to avert immed risk of a fresh slide |
|[STRATEGY] SELL AT 2.2990 FOR A [2.2685] NEXT OBJECTIVE, STOP AT (2.3055) |
[MOVING AVERAGES |L-TERM HIGH 10.4166 APR71 L-TERM LOW 1.7550 NOV95 ]
| 20DAY 2.3037 DN | [] 2.3165 STRG (28 Nov high/03 Dec low) |
| 50DAY 2.3610 DN | [] 2.3090 FAIR (04 Dec intraday high - 2.3090) |
| 90DAY 2.3814 DN | [] (2.3055) STRG (05 Dec high - 2.3035) |
|200DAY 2.4036 DN |[] 2.3010 FAIR (29 Nov low) |
! 9 DAY RSI !============ 2.2925 (UPDATE PRICE) LDN 06 Dec 13.53 GMT |
| 36.52 (43.89) |[] 2.2810 STRG (27 Nov id high/28 Nov low) |
! TRENDS ! [] 2.2765 FAIR (23 Nov high/05Dec low-2.2765/70)|
| MAJOR FLAT | [] [2.2685] STRG (21/26/27 Nov lows - 2.2685) |
| MINOR DOWN | [] 2.2665 FAIR (22 Nov low) |

EUR/CHF
08:52 06DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADP
![EUR/CHF] TEL 020-7017-5472 !
|extended losses from 1.6828/1.6810 double top (11/29 Oct) to 1.6300/05 (23/27|
|Nov). A steady recovery then occurred, extending to 1.6586 last Fri ahead of|
|the latest choppy correction lower. 1.6466 was initially met on Tues, but |
|from Wed's lower top at 1.6517 an extn has so far tested 1.6452 with scope |
|for 1.6412-43, possibly 1.6374-98. Need to see 1.6515-17 regained to avert |
|[POSITION] SHORT AT 1.6495 FOR [1.6412] OBJECTIVE, STOP AT (1.6525) |
[MOVING AVERAGES |L-TERM HIGH 1.6828 11OCT07 L-TERM LOW 1.4397 21SEP01 ]
| 20DAY 1.6438 DN | [] 1.6563 FAIR (03 Dec intraday highs-1.6563/60)|
| 50DAY 1.6596 DN | [] 1.6549 FAIR (04 Dec intraday high) |
| 90DAY 1.6521 FL | [] 1.6531 FAIR (04 Dec intraday low) |
|200DAY 1.6468 UP |[] (1.6525) FAIR (03Dec low/05Dec high-1.6515/17) |
! 9 DAY RSI !============ 1.6495 (UPDATE PRICE) LDN 06 Dec 13.52 GMT |
| 51.58 (53.28) |[] 1.6463 FAIR (04 Dec/today lows - 1.6466/63) |
! TRENDS ! [] 1.6452 FAIR (05 Dec low) |
| MAJOR UP | [] 1.6443 FAIR (50% retrace of 1.6300-1.6586) |
| MINOR FLAT | [] [1.6412] FAIR (27 Nov high) |

EUR/CAD
07:34 06DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADK
![EUR/CAD] TEL 212-907-5803 !
|extended recov from 07 Nov (6 yr) low at 1.3285 through key resist at 1.4645 |
|(May/Jul tops) to 1.4850 last Tues ahead of a steady retreat to 1.4500 last |
|Thurs. Renewed strength from there took out 1.4850 on Tues to reach 1.5035 |
|on Weds ahead of latest setback. This is testing former resist at 1.4765, |
|losing which will abandon hopes of extn to 1.5085-95+, warning of 1.4615-50 |
|[POSITION] LONG AT 1.4815 FOR A REVISED [1.4985] OBJECTIVE, STOP (1.4745) |
[MOVING AVERAGES |L-TERM HIGH 1.8265 04JAN99 L-TERM LOW 1.2470 26OCT00 ]
| 20DAY 1.4460 UP | [] 1.5035 STRG (05 Dec high) |
| 50DAY 1.4090 UP | [] 1.5000 FAIR (05 Dec intraday high) |
| 90DAY 1.4205 UP | [] [1.4985] FAIR (04 Dec high) |
|200DAY 1.4570 DN |[] 1.4895 FAIR (05 Dec id low/high - 1.4895/85) |
! 9 DAY RSI !============ 1.4790 (UPDATE PRICE) NY 06 Dec 12.31 GMT |
| 64.11 (73.95) |[] (1.4745) STRG (30 Nov high/today low-1.4765/50)|
! TRENDS ! [] 1.4725 FAIR (03 Dec high) |
| MAJOR DOWN | [] 1.4650 FAIR (04 Dec low) |
| MINOR UP | [] 1.4615 STRG (27 Nov/03 Dec lows - 1.4610/15) |

GBP/JPY
08:43 06DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABG
![GBP/JPY] TEL 020-7017-5474 !
|fell from 241.35 (01 Nov high) to find suppt at 221.30 on 23 Nov. Higher |
|lows were then posted at 221.95 and 223.75. A rally off the latter breached |
|resist at 225.60-80, and 229.30 was seen last Wed/Fri. A corrective channel |
|has developed of the latter and a breach of 226.80 is now needed to trigger a|
|fresh up-leg. Under 223.75 would risk a deeper setback to 222.40. |
|[STRATEGY] AWAIT SIGNAL |
[MOVING AVERAGES |L-TERM HIGH 465.85 NOV82 L-TERM LOW 128.30 APR95 ]
| 20DAY 226.96 DN | [] 228.00 FAIR (figure resist) |
| 50DAY 233.03 DN | [] 227.45 STRG (21 Nov high/t-l off 229.30) |
| 90DAY 233.21 DN | [] 226.80 STRG (t-line off 229.30) |
|200DAY 236.40 DN |[] 225.65 FAIR (04 Dec low/tdy's high) |
! 9 DAY RSI !============ 244.85 (UPDATE PRICE) LDN 06 Dec 13.44 GMT |
| 40.05 (44.80) |[] 223.75 STRG (28 Nov/05 Dec lows) |
! TRENDS ! [] 223.00 FAIR (figure support) |
| MAJOR UP | [] 222.40 FAIR (27 Nov - intraday low) |
| MINOR DOWN | [] 222.00 STRG (26/27 Nov lows - 221.95/222.00) |

GBP/AUD
07:07 06DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABW
![GBP/AUD] TEL 020-7017-5472 !
|reached a yearly high at 2.5645 (17 Aug) before reversing through Jul low at |
|2.3110. Weakness to 2.2185 on 29 Oct was followed by a bounce to 2.3500 (12 |
|Nov high) before steadily correcting to 2.2790 (14 Nov). Subsequent extn to |
|2.3865 last Mon was followed by a drop to 2.3175 last Fri, with a lower top |
|having since formed at 2.3680. Risk of lower top triggering a deeper fall |
|[STRATEGY] SELL INTO STRENGTH AT 2.3415 FOR EXTN TO [2.3075], STOP (2.3515) |
[MOVING AVERAGES |L-TERM HIGH 3.0380 27SEP01 L-TERM LOW 1.2840 28OCT76 ]
| 20DAY 2.3303 UP | [] (2.3515) FAIR (04/05 Dec id low/high - 2.3505) |
| 50DAY 2.2960 UP | [] 2.3415 STRG (04 Dec/05 Dec id lows) |
| 90DAY 2.3465 DN | [] 2.3360 FAIR (05 Dec intraday high) |
|200DAY 2.3725 DN |[] 2.3325 FAIR (today's high) |
! 9 DAY RSI !============ 2.3210 (UPDATE PRICE) LDN 06 Dec 12.07 GMT |
| 43.64 (60.97) |[] 2.3145 STRG (today's low) |
! TRENDS ! [] [2.3075] STRG (21 Nov low) |
| MAJOR FLAT | [] 2.3020 FAIR (09 Nov high) |
| MINOR DOWN | [] 2.2835 FAIR (19 Nov low) |

EUR/JPY
08:42 06DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABF
![EUR/JPY] TEL 020-7017-5474 !
|marked a key higher low at 159.37 on 27 Nov before surging to complete a 3 wk|
|falling wedge. This resumed recovery off 158.70 (13 Nov). 163.86 was seen |
|last Fri ahead of the latest softening & consoln. Lower rejection at 160.90 |
|suggests a retest on 163.86-164.31 (30/14 Nov highs) where a break would |
|complete a multi-week base that targets the 167.00-167.65 region. |
|[STRATEGY] LOOK TO BUY |
[MOVING AVERAGES |L-TERM HIGH 169.05 23JUL07 L-TERM LOW 88.93 26OCT00 ]
| 20DAY 161.86 DN | [] 163.07 FAIR (05 Dec high) |
| 50DAY 163.76 FL | [] 162.70 STRG (05 Dec intraday high) |
| 90DAY 161.76 UP | [] 162.48 FAIR (today's high) |
|200DAY 161.97 UP |[] 162.16 FAIR (round number) |
! 9 DAY RSI !============ 161.59 (UPDATE PRICE) LDN 06 Dec 13.43 GMT |
| 48.69 (49.45) |[] 160.90 STRG (04 Dec low) |
! TRENDS ! [] 160.20 STRG (28 Nov low) |
| MAJOR UP | [] 160.00 FAIR (figure support) |
| MINOR UP | [] 159.75 FAIR (27 Nov intraday low) |

EUR/AUD
07:34 06DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABV
![EUR/AUD] TEL 020-7017-5472 !
|retraced majority of 1.5475-1.7460 rise (26 Jul-17 Aug) at 1.5495 (01 Nov) |
|ahead of a sharp recovery. This broke several key resists to reach 1.7160 |
|(23 Nov) before reversing to 1.6540 on Mon. Recovery attempts from there |
|were reversed at 1.7000 on Weds, latest loss of 1.6695-1.7020 suppt has |
|warned of fresh falls beyond 1.6540, with 1.6895-1.6930 reverting to resist |
|[STRATEGY] SELL AT 1.6885 FOR A RETURN TO [1.6540], STOP AT (1.6940) |
[MOVING AVERAGES |L-TERM HIGH 1.9340 04JAN99 L-TERM LOW 1.5006 05MAY00 ]
| 20DAY 1.6625 UP | [] 1.6970 FAIR (28 Nov/05 Dec id hghs-1.6960/70)|
| 50DAY 1.6140 UP | [] (1.6940) FAIR (04 Dec high - 1.6930) |
| 90DAY 1.6275 UP | [] 1.6895 FAIR (05 Dec intraday low) |
|200DAY 1.6255 FL |[] 1.6820 FAIR (29 Nov/today high) |
! 9 DAY RSI !============ 1.6700 (UPDATE PRICE) LDN 06 Dec 12.33 GMT |
| 56.17 (60.27) |[] 1.6635 FAIR (28 Nov/04 Dec lows - 1.6635/45) |
! TRENDS ! [] 1.6570 FAIR (03 Dec intraday low) |
| MAJOR FLAT | [] [1.6540] STRG (20 Nov/03 Dec lows - 1.6525/40) |
| MINOR FLAT | [] 1.6470 FAIR (19 Nov intraday high) |

CHF/JPY
08:35 06DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABH
![CHF/JPY] TEL 020-7017-5474 !
|strengthened off 96.45 (22 Oct low) to reach 100.70 on 07 Nov, before |
|correcting lower to 96.80 (12 Nov low). An initial strong rebound reached |
|99.80 ahead of current ease within a broad range. However, while 96.45-96.80|
|supports, the n-term structure remains positive. A break above layered |
|resistance between 98.80-99.15 will trigger next up-leg. |
|[POSITION] LONG AT 97.80 FOR A [100.70] OBJECTIVE, STOP AT (96.75) |
[MOVING AVERAGES |L-TERM HIGH 116.60 AUG90 L-TERM LOW 58.75 07SEP00 ]
| 20DAY 98.49 DN | [] [100.70] STRG (07 Nov high) |
| 50DAY 98.66 DN | [] 100.00 FAIR (psychological) |
| 90DAY 97.90 FL | [] 99.80 STRG (14 Nov highs) |
| 200DAY 98.31 FL |[] 99.15 FAIR (29 Nov high) |
! 9 DAY RSI !============ 97.90 (UPDATE PRICE) LDN 06 Dec 13.36 GMT |
| 49.85 (48.32) |[] 97.45 FAIR (04 Dec low) |
! TRENDS ! [] 97.20 FAIR (lower 2wk correc channel) |
| MAJOR UP | [] (96.75) STRG (12/13 Nov lows - 96.80/85) |
| MINOR FLAT | [] 96.45 STRG (22 Oct low/50% of 92.15-100.70) |

AUD/JPY
08:18 06DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABD
![AUD/JPY] TEL 020-7017-5474 !
|fell from 107.85 (2007 high, 31 Oct/01 Nov) to eventually find suppt at 93.00|
|on 26 Nov. A rebound followed to 98.65 on 30 Nov (38.2% of 107.85- 93.00) |
|ahead of a dip to 95.25 Wed (nr 61.8% of 93.00-98.65). An hourly base here |
|now signals a challenge on 97.80 (t-l connecting 101.10/98.65), and a break |
|here would complete a 3 week triangular base that projects 101.10 and above. |
|[STRATEGY] BUY AT 96.00 FOR A [97.80] OBJECTIVE, STOP AT (95.45) |
[MOVING AVERAGES |L-TERM HIGH 266.40 11JUL82 L-TERM LOW 55.45 18OCT00 ]
| 20DAY 97.35 DN | [] 98.30 FAIR (30 Nov id/03 Dec hghs-98.30/25) |
| 50DAY 101.50 DN | [] 98.00 FAIR (figure resistance) |
| 90DAY 99.45 DN | [] [97.80] STRG (t-line connecting 101.10/98.65) |
| 200DAY 99.70 UP |[] 97.35 FAIR (04 Dec high) |
! 9 DAY RSI !============ 96.60 (UPDATE PRICE) LDN 06 Dec 13.18 GMT |
| 47.29 (42.24) |[] 96.30 FAIR (today's low) |
! TRENDS ! [] 96.00 FAIR (05 Dec intraday low) |
| MAJOR UP | [] (95.45) FAIR (undr 04 Dec low/t-l off 26 Nov) |
| MINOR DOWN | [] 95.25 STRG (05 Dec low) |

CAD/JPY
08:39 06DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABE
![CAD/JPY] TEL 020-7017-5474 !
|fell from 125.50 (2007 high - 07 Nov) to find support at 108.15 on 27 Nov. |
|An hourly base triggered recovery to 112.00 on 28 Nov, where a top has |
|formed. A possible double-bottom now seen at 108.15/107.95, this needs to be |
|confirmed on a clean break above 112.00 before a 115.95 (15 Nov high) retest.|
|Below 107.95-108.00 will however defer market towards 107.05 (07 Sep low). |
|[POSITION] LONG AT 109.10 FOR A [110.85] INITL OBJECTIVE, STOP AT (108.65) |
[MOVING AVERAGES |L-TERM HIGH 136.40 APR90 L-TERM LOW 57.80 APR95 ]
| 20DAY 111.96 DN | [] 111.50 FAIR (30 Nov high) |
| 50DAY 116.30 DN | [] [110.85] FAIR (03 Dec intraday high) |
| 90DAY 113.90 DN | [] 110.55 FAIR (04 Dec high) |
|200DAY 111.32 UP |[] 110.00 FAIR (psychological barrier) |
! 9 DAY RSI !============ 109.05 (UPDATE PRICE) LDN 06 Dec 13.38 GMT |
| 42.68 (32.79) |[] (108.65) FAIR (05 Dec intraday low - 108.75) |
! TRENDS ! [] 108.35 FAIR (05 Dec intraday low) |
| MAJOR UP | [] 108.00 STRG (04/05 Dec lows - 108.00/107.95) |
| MINOR DOWN | [] 107.75 FAIR (11 Sep low) |

AUD/NZD
09:05 06DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABC
![AUD/NZD] TEL 020-7017-5472 !
|extended losses from 1.2080 (01/02 Nov yearly peaks) to 1.1410/15 last |
|Thurs/Fri ahead of a bounce to 1.1600. Weakness from there through suppt at |
|1.1445-1.1500 ended immed hopes of a further recovery to warn instead of a |
|fresh slide to min'm of 1.1340-1.1370, possibly 1.1190-1.1225 over coming |
|days. Min'd tgt already exceeded at 1.1250, lower top sought for fresh drop |
|[STRATEGY] SELL AT 1.1405 FOR A [1.1190] OBJECTIVE, STOP AT (1.1485). |
[MOVING AVERAGES |L-TERM HIGH 1.4270 Apr 92 L-TERM LOW 1.0435 05 Dec 05 ]
| 20DAY 1.1630 DN | [] (1.1485) FAIR (05 Dec high - 1.1475) |
| 50DAY 1.1760 DN | [] 1.1430 FAIR (04 Dec low) |
| 90DAY 1.1685 FL | [] 1.1410 STRG (29 Nov low) |
|200DAY 1.1415 FL |[] 1.1385 FAIR (05 Dec intraday high) |
! 9 DAY RSI !============ 1.1290 (UPDATE PRICE) LDN 06 Dec 13.57 GMT |
| 32.94 (43.84) |[] 1.1250 FAIR (today's low) |
! TRENDS ! [] 1.1225 FAIR (01 Aug high) |
| MAJOR FLAT | [] [1.1190] STRG (09Aug lw/nr 76.4% 1.0910-1.2080)|
| MINOR DOWN | [] 1.1145 FAIR (02/06 Aug lows) |

INDEX
08:49 06DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXACK
! TEL 212-907-5803 !
|retreated from 82.132 on 16 Aug to break Sep 1992 all-time low at 78.210 on |
|25 Sep. Losses eventually reached 74.484 on 23 Nov, ahead of latest choppy |
|recovery. Initl gains to 76.184 last Fri were followed by a higher low at |
|75.595 on Tues ahead of latest extn higher, through our 76.465-499 min'm |
|target to probe 76.777-76.885, opening 77.029-77.092 further out |
[U]|[STRATEGY] BUY ON WEAKNESS AT 76.342 FOR [77.029] NEXT OBJ, STOP (76.134) |
[MOVING AVERAGES |L-TERM HIGH 121.020 06Jul01 L-TERM LOW 74.484 23Nov07 ]
| 20DAY 75.544 UP | [] 77.092 STRG (29 Oct high) |
| 50DAY 76.768 DN | [] [77.029] FAIR (30 Oct high) |
| 90DAY 78.340 DN | [] 76.977 FAIR (30 Oct intraday high) |
|200DAY 80.499 DN |[] 76.885 STRG (31 Oct/01 Nov highs-76.885/868) |
! 9 DAY RSI !============ 76.453 (UPDATE PRICE) NY 06 Dec 13.48 GMT |
| 65.44 (53.28) |[] 76.377 FAIR (today's low) |
! TRENDS ! [] 76.292 FAIR (05 Dec intraday high) |
| MAJOR DOWN | [] (76.134) STRG (30 Nov high - 76.184) |
| MINOR UP | [] 76.084 FAIR (04 Dec high) |

Sulaiman Ben ZerQi

07-12-2007, 11:06 AM

:goodluck::beta::callme::080402cool_prv:

:gossip::gathering::gossip:

Sulaiman Ben ZerQi

07-12-2007, 12:22 PM

http://mitsweb.iitech.dk/live/dc/analysisimage.aspx?ResUID=0116655e-29a1-4db4-b699-fc9df056975b

Sulaiman Ben ZerQi

07-12-2007, 04:10 PM

00775

07-12-2007, 10:14 PM

يعطيك العافية يا بن زرقي على هذه الجهود

حقيقة هذه الاستراتيجيات وين وين انحصلها

ولا بيض الصعو

Sulaiman Ben ZerQi

10-12-2007, 02:10 PM

STRATEGY
الإستراتيجية
اليوم الاثنين التاريخ 10/12/2007 الساعة 12:30

EUR/USD

02:09 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAT
![EUR/USD] TEL 020-7017-5472 !
|extended the choppy decline from 23 Nov's all-time traded high at 1.4968 to |
|reach 1.4625 last Thurs, from where a corrective recovery reached 1.4674 last|
|Fri. A drift lower now seen, we need to see 1.4592-99 contain this to keep |
|alive hopes of a further recovery toward 1.4699-1.4712 before possibly being |
|ready to resume recent weakness from 1.4968 into a 1.4444-92 next tgt area |
|[STRATEGY] RAISE BUY TO 1.4615 FOR A [1.4709] OBJECTIVE, RAISE STOP (1.4585) |
[MOVING AVERAGES |L-TERM HIGH 1.4968 23NOV07 L-TERM LOW .8228 26OCT00 ]
| 20DAY 1.4718 DN | [] 1.4726 FAIR (05 Dec intraday high) |
| 50DAY 1.4474 UP | [] [1.4709] STRG (28Nov low/03Dec high -1.4712/09)|
| 90DAY 1.4157 UP | [] 1.4699 FAIR (05 Dec intraday low) |
|200DAY 1.3793 UP |[] 1.4674 STRG (07 Dec hgh/nr 61.8% 1.4771-4525)|
! 9 DAY RSI !============ 1.4657 (UPDATE PRICE) LDN 10 Dec 07.08 GMT |
| 42.68 (38.73) |[] 1.4610 FAIR (07 Dec intraday low) |
! TRENDS ! [] 1.4599 STRG (07 Dec low) |
| MAJOR UP | [] (1.4585) FAIR (05 Dec low - 1.4592) |
| MINOR UP | [] 1.4573 FAIR (06 Dec intraday low) |

GBP/USD
03:54 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAW
![GBP/USD] TEL 020-7017-5472 !
|breached key suppt at 2.0352 last Weds after fully unwinding 2.0352-2.0833 |
|rise (16 Nov-28 Nov). Losses accelerated to 2.0180 last Thurs ahead of the |
|latest choppy rise. Last Fri's 2.0347 high is now being cleared to set up a |
|further corrective bounce toward 2.0405-30, possibly 2.0484-2.0524 before |
|underlying losses are possibly ready to resume toward 2.0085-2.0137. |
|[POSITION] LONG AT 2.0260 FOR A [2.0430] OBJECTIVE, RAISE STOP TO (2.0285) |
[MOVING AVERAGES |L-TERM HIGH 2.4546 NOV80 L-TERM LOW 1.0300 FEB85 ]
| 20DAY 2.0566 DN | [] 2.0484 FAIR (05 Dec intraday high) |
| 50DAY 2.0563 DN | [] 2.0445 FAIR (05 Dec intraday low) |
| 90DAY 2.0372 DN | [] [2.0430] FAIR (38/50% of 2.0833/2.0680 -2.0180)|
|200DAY 2.0112 UP |[] 2.0405 FAIR (05 Dec intraday high) |
! 9 DAY RSI !============ 2.0370 (UPDATE PRICE) LDN 10 Dec 08.50 GMT |
| 28.23 (23.70) |[] (2.0285) FAIR (today's low - 2.0295) |
! TRENDS ! [] 2.0262 FAIR (07 Dec intraday low) |
| MAJOR UP | [] 2.0248 FAIR (05 Dec low) |
| MINOR UP | [] 2.0217 FAIR (06 Dec id/07 Dec lows-2.0217/21)|

USD/JPY

02:08 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAU
![USD/JPY] TEL 020-7017-5474 !
|fell to 107.22 on 26 Nov bfr rebounding to 111.24 on 30 Nov. A key higher |
|low at 109.56, Tues, then set up latest rally that is breaking through |
|layered resistance between 111.24-57 to complete a nr 4 week triangular base.|
|111.87 (2 month t-line) now being pressured and through here opens 112.58 |
|(50% retrace of 117.95-107.22) next. 111.17-35 offers immediate suppt. |
|[POSITION] LONG AT 109.80 FOR A [112.58] OBJECTIVE, RAISE STOP TO (111.12) |
[MOVING AVERAGES |L-TERM HIGH 307.00 DEC75 L-TERM LOW 79.75 APR95 ]
| 20DAY 109.98 UP | [] [112.58] FAIR (50% of 117.95-107.22 decline) |
| 50DAY 113.21 DN | [] 112.24 FAIR (08 Nov intraday low) |
| 90DAY 114.36 DN | [] 112.00 STRG (08 Nov prev low) |
|200DAY 117.58 DN |[] 111.87 FAIR (today's high/t/l off ) |
! 9 DAY RSI !============ 111.57 (UPDATE PRICE) LDN 10 Dec 07.06 GMT |
| 69.37 (65.65) |[] 111.35 FAIR (today's low) |
! TRENDS ! [] (111.12) STRG (07 Dec low - 111.17) |
| MAJOR FLAT | [] 110.97 FAIR (05 Dec high) |
| MINOR UP | [] 110.63 STRG (06 Dec low) |

USD/CHF
02:31 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAV
![USD/CHF] TEL 020-7017-5472 !
|extended the choppy recovery from the 1.0889 new all-time traded low seen on |
|23 Nov to reach 1.1355 last Thurs ahead of the latest consoln above 1.1265-76|
|area. Fears are rising for a breakdown through 1.1265-76 to 1.1199-1.1226 |
|ahead of attemtps to extend gains through 1.1355 to 1.1398-1.1422, possibly |
|1.1449-66. Losing 1.1199-1.1226 will be bearish, opening 1.1098-1.1107 |
|[POSITION] LONG AT 1.1295 FOR A [1.1398] OBJECTIVE, ADJUST STOP TO (1.1255) |
[MOVING AVERAGES |L-TERM HIGH 2.9290 FEB85 L-TERM LOW 1.0889 23NOV07 ]
| 20DAY 1.1169 UP | [] [1.1398] FAIR (07 Nov intraday high) |
| 50DAY 1.1469 DN | [] 1.1368 FAIR (2005 low - 03 Jan) |
| 90DAY 1.1680 DN | [] 1.1355 STRG (07 Nov id/06 Dec hghs-1.1353/55)|
|200DAY 1.1954 DN |[] 1.1334 FAIR (30 Nov/07 Dec highs - 1.1328/34)|
! 9 DAY RSI !============ 1.1285 (UPDATE PRICE) LDN 10 Dec 07.29 GMT |
| 61.53 (65.41) |[] 1.1276 FAIR (07 Dec/today lows - 1.1278/76) |
! TRENDS ! [] (1.1255) STRG (05Dec id hi/06Dec low-1.1260/65)|
| MAJOR DOWN | [] 1.1226 FAIR (05 Dec id high/low - 1.1226/32) |
| MINOR UP | [] 1.1199 FAIR (76.4% of 1.1151-1.1355) |

USD/CAD
03:55 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAZ
![USD/CAD] TEL 020-7017-5474 !
|rebounded off .9059 (07 Nov low) to break a 2-month bear channel. 1.0215 was|
|reached last Wed but subsequent attempts to push higher has left confimed |
|lower highs at 1.0195 and 1.0150 instead. A 3 days bear trend line now |
|resists near 1.0120. Inability to push over there will risks deeper declines|
|towards .9950-75. |
|[STRATEGY] SELL AT 1.0090 FOR A [.9990] OBJECTIVE, STOP AT (1.0130) |
[MOVING AVERAGES |L-TERM HIGH 1.6194 21JAN02 L-TERM LOW .3597 JUL 1864 ]
| 20DAY .9890 UP | [] 1.0195 FAIR (06 Dec high) |
| 50DAY .9751 DN | [] 1.0170 STRG (t-line off 1.0215) |
| 90DAY 1.0050 DN | [] 1.0150 FAIR (07 Dec high) |
|200DAY 1.0574 DN |[] (1.0130) FAIR (3 days bear t/line - 1.0120) |
! 9 DAY RSI !============ 1.0050 (UPDATE PRICE) LDN 10 Dec 08.55 GMT |
| 62.19 (67.29) |[] 1.0006 FAIR (07 Dec low) |
! TRENDS ! [] [.9990] FAIR (04 Dec low) |
| MAJOR DOWN | [] .9975 STRG (03 Dec low) |
| MINOR UP | [] .9950 FAIR (mid figure) |

AUD/USD
03:39 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABA
![AUD/USD] TEL 020-7017-5472 !
|retreated from .9401 (07 Nov's long-term high) to .8652 on 21 Nov. Bounce |
|from there reached .8923 on 28 Nov ahead of a steady retreat to .8660 last |
|Weds. Subsequent rally over .8766-87 ended immed fears of a deeper retreat |
|in favour of .8813-43, possibly .8866-94. .8828 reached last Fri ahead of |
|today's dip to .8727, from where a further recov may now be under way. |
|[STRATEGY] BUY AT .8752 FOR A [.8856] OBJECTIVE, STOP AT (.8702) |
[MOVING AVERAGES |L-TERM HIGH 1.1310 JAN82 L-TERM LOW .4775 02APR01 ]
| 20DAY .8810 DN | [] .8866 FAIR (30 Nov intraday high) |
| 50DAY .8952 DN | [] [.8856] FAIR (03 Dec high) |
| 90DAY .8693 UP | [] .8843 FAIR (03 Dec intraday high) |
| 200DAY .8488 UP |[] .8828 STRG (07 Dec high) |
! 9 DAY RSI !============ .8795 (UPDATE PRICE) LDN 10 Dec 08.37 GMT |
| 48.30 (50.07) |[] .8742 FAIR (07 Dec low) |
! TRENDS ! [] .8727 STRG (today's low) |
| MAJOR UP | [] (.8702) FAIR (04 Dec low - .8710) |
| MINOR FLAT | [] .8691 STRG (06 Dec low) |
NZD/USD
03:49 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABB
![NZD/USD] TEL 020-7017-5472 !
|reached .7893 on 07 Nov, highest since Jul. A retreat to .7436 was followed |
|by an initial recovery to .7676 (14 Nov), with 21 Nov higher low at .7457 |
|having set up an extn to .7760 last Weds. From subsequent higher low at |
|.7575 last Weds fresh headway reached .7819 last Fri and a fresh higher low |
|is now sought for an extn toward .7830-93. |
|[STRATEGY] RAISE BUY TO .7707, RAISE OBJ TO [.7830], RAISE STOP TO (.7673) |
[MOVING AVERAGES |L-TERM HIGH .8270 10JUN82 L-TERM LOW .3898 18OCT00 ]
| 20DAY .7615 UP | [] .7845 FAIR (1.618 of .7436-.7676 from .7457)|
| 50DAY .7620 UP | [] [.7830] FAIR (07 Nov intraday low/high) |
| 90DAY .7435 UP | [] .7822 STRG (09 Nov/07 Dec highs - .7822/19) |
| 200DAY .7432 UP |[] .7797 FAIR (07 Dec intraday high) |
! 9 DAY RSI !============ .7773 (UPDATE PRICE) LDN 10 Dec 08.48 GMT |
| 70.56 (72.36) |[] .7719 FAIR (today's low) |
! TRENDS ! [] .7697 FAIR (50% retrace of .7575-.7819) |
| MAJOR UP | [] (.7673) STRG (03 Dec high/06 Dec low - .7683) |
| MINOR UP | [] .7668 FAIR (61.8% retrace of .7575-.7819) |

OIL
01:35 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADI
![NYMEX OIL JAN 08] TEL 65 6320 3515 !
|A 4-day broadening consolidation pattern emerges (upper bounds join 03/05 Dec|
|highs, lower bounds 03/06 Dec low). The latest breach of 87.34 former |
|support, and the repeated caps of rebounds by 200 hour MA resis promote 85.82|
|retest. Below would target 83.82 (22 Oct low/nr 50% of 68.20-99.29). Only |
|clearance above last Thur's 90.73 high/91.52 (30 Nov high) defers. |
|[STRATEGY] POSSIBLY SELL. |
[M.A. | |07 Dec HI 90.68 LO 87.07 CL 88.28 ]
| 9DAY 89.82 DN | [] 91.52 STRG (30 Nov 2007 high) |
| 18DAY 92.39 DN | [] 91.05 FAIR (30 Nov intraday high) |
| 30DAY 92.82 DN | [] 90.73 STRG (06 Dec 2007 high) |
| 9 DAY RSI |[] 89.60 FAIR (07 Dec former intraday low) |
! 39.51 (45.36) !============ 87.95 (UPDATE PRICE) SGP 10 Dec 0634GMT |
| CONTRACT HIGH |[] 86.88 FAIR (06 Dec former intraday high) |
! 99.29 21Nov07 ! [] 85.82 STRG (06 Dec 2007 low) |
| CONTRACT LOW | [] 85.26 FAIR (24 Oct hourly low) |
| 56.25 17Jan07 | [] 84.70 FAIR (24 Oct former intraday high) |

GOLD
02:10 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADJ
![ GOLD CASH] TEL 65 6320 3511 !
|Declines off Wed's 806.70 high, near 50% (806.80) of 836.70/777.00 fall, |
|extended to retrace nearly 76.4% (784.00) of the advance from Mon's 777.00 |
|low, curbing at 785.00. The latest sharp rebound hints at m-term ranging. |
|While below 806.70, dips would target 790.80 ahead of 785.00 retest. Over |
|806.70, however, revives bulls towards 815.30 (28 Nov high). |
|[STRATEGY] POSSIBLY SELL WHILE BELOW 806.70. |
[M.A. |Cash |07 Dec HI 804.80 LO 791.00 CL 795.80 ]
| 9DAY 797.69 DN | [] 815.30 FAIR (28 Nov high) |
| 18DAY 800.03 DN | [] 807.90 STRG (29 Nov high/27 Nov low) |
| 30DAY 803.01 UP | [] 806.70 STRG (05 Dec high) |
| 9 DAY RSI |[] 805.35 FAIR (06 Dec high) |
! 47.62 ( 51.93) !============ 798.10 (UPDATE PRICE) SGP 10 Dec 0710GMT |
| Major High |[] 793.90 FAIR (today's low) |
! 850.00 18Jan80 ! [] 790.80 FAIR (06 Dec former intraday high) |
| Major Low | [] 787.50 FAIR (06 Dec former hourly low) |
| 251.70 25Aug99 | [] 785.10 STRG (06 Dec low) |

EUR/GBP
03:59 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADT
![EUR/GBP] TEL 020-7017-5472 !
|retreated from the 23 Nov 4 1/2 year high at .7216 to .7089 last Mon before |
|rebounding strongly. A new 4 1/2 year high was made last Weds, reaching |
|.7239 ahead of last Thur's dip to .7177. Hopes of this marking a higher low |
|for additional rise to .7254-80 (Mar 03 all-time traded high/cal'd high from |
|Mar 97) are fading, if latest dip loses .7177 then min'm of .7153-66 likely |
|[POSITION] .7189 LONGS STOPPED AT .7190, STAND ASIDE FOR NOW |
[MOVING AVERAGES |L-TERM HIGH .7254 26MAY03 L-TERM LOW .5681 04MAY00 ]
| 20DAY .7157 UP | [] .7254 CRITICAL (all-time high 26 May 03) |
| 50DAY .7038 UP | [] .7239 STRG (2007 high - 05 Dec) |
| 90DAY .6948 UP | [] .7232 FAIR (07 Dec high) |
| 200DAY .6856 UP |[] .7213 FAIR (today's high) |
! 9 DAY RSI !============ .7188 (UPDATE PRICE) LDN 10 Dec 08.58 GMT |
| 71.88 (70.88) |[] .7177 STRG (04 Dec high/06 Dec low-.7179/77)|
! TRENDS ! [] .7166 FAIR (05 Dec low) |
| MAJOR UP | [] .7153 FAIR (04 Dec intraday low) |
| MINOR UP | [] .7131 FAIR (30 Nov low/03 Dec high-.7131/36)|

GBP/CHF
03:54 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADQ
![GBP/CHF] TEL 020-7017-5472 !
|extended losses from 25 Jul 6-yr high at 2.4970 through 21 Sep low at 2.3485,|
|and Mar's 2.3290 year low to reach 2.2600 on 23 Nov. A steady recovery |
|reached 2.3365 last Tues ahead of a sharp retreat to 2.2765 last Weds. A |
|gradual correcn higher has followed, but the trend is down and 2.3005-35 |
|needs to be cleared to avert the immed risk of an extn lower twrd 2.2600-85 |
|[POSITION] SHORT AT 2.2970 FOR [2.2685], STOP/REV (2.3055) FOR 2.3165/2.2970 |
[MOVING AVERAGES |L-TERM HIGH 10.4166 APR71 L-TERM LOW 1.7550 NOV95 ]
| 20DAY 2.2966 DN | [] 2.3245 FAIR (04 Dec id low) |
| 50DAY 2.3574 DN | [] 2.3165 STRG (28 Nov high/03 Dec low) |
| 90DAY 2.3781 DN | [] 2.3090 FAIR (04 Dec intraday high - 2.3090) |
|200DAY 2.4027 DN |[] (2.3055) STRG (05 Dec high - 2.3035) |
! 9 DAY RSI !============ 2.3020 (UPDATE PRICE) LDN 10 Dec 08.19 GMT |
| 43.59 (42.52) |[] 2.2870 FAIR (07 Dec low) |
! TRENDS ! [] 2.2835 FAIR (06 Dec low) |
| MAJOR FLAT | [] 2.2765 STRG (23 Nov high/05Dec low-2.2765/70)|
| MINOR DOWN | [] [2.2685] STRG (21/26/27 Nov lows - 2.2685) |

EUR/CHF
02:53 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADP
![EUR/CHF] TEL 020-7017-5472 !
|extended losses from 1.6828/1.6810 double top (11/29 Oct) to 1.6300/05 (23/27|
|Nov). A steady recovery followed, reaching 1.6586 (30 Nov high) ahead of a |
|choppy setback to 1.6452 last Weds. Fresh attempts to move higher have so |
|far tested 1.6570, we seek a higher low by 1.6498-1.6515 to maintain the |
|recovery phase for a min'm extn to 1.6575-86, possibly 1.6596-1.6615. |
|[STRATEGY] BUY AT 1.6515 FOR A [1.6586] OBJECTIVE, STOP AT (1.6488). |
[MOVING AVERAGES |L-TERM HIGH 1.6828 11OCT07 L-TERM LOW 1.4397 21SEP01 ]
| 20DAY 1.6440 UP | [] 1.6615 STRG (08 Nov high) |
| 50DAY 1.6593 DN | [] 1.6596 FAIR (08 Nov intraday high) |
| 90DAY 1.6523 UP | [] [1.6586] STRG (30 Nov high) |
|200DAY 1.6473 UP |[] 1.6575 FAIR (03/04/07 Dec highs-1.6572/75/70)|
! 9 DAY RSI !============ 1.6540 (UPDATE PRICE) LDN 10 Dec 07.52 GMT |
| 64.30 (65.08) |[] 1.6522 FAIR (today's low) |
! TRENDS ! [] 1.6515 FAIR (03Dec low/05Dec high-1.6515/17) |
| MAJOR UP | [] (1.6488) FAIR (06 Dec intraday high - 1.6498) |
| MINOR FLAT | [] 1.6474 FAIR (29 Nov low) |

EUR/CAD
03:13 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADK
![EUR/CAD] TEL 020-7017-5472 !
|extended recov from 07 Nov (6 yr) low at 1.3285 through key resist at 1.4645 |
|(May/Jul tops) to 1.5035 last Weds ahead of a steady retreat to 1.4650 last |
|Fri. As yet, a lasting low is not signalled at 1.4650 and the risk is for a |
|bounce to leave a lower top by 1.4850-95 ahead of a deeper retreat to a min'm|
|of 1.4570-1.4615 and possibly 1.4500-50. |
|[POSITION] SHORT AT 1.4845 FOR A REVISED [1.4615] OBJECTIVE, STOP (1.4800) |
[MOVING AVERAGES |L-TERM HIGH 1.8265 04JAN99 L-TERM LOW 1.2470 26OCT00 ]
| 20DAY 1.4555 UP | [] 1.4985 FAIR (04 Dec high) |
| 50DAY 1.4110 UP | [] 1.4895 FAIR (05 Dec id low/high - 1.4895/85) |
| 90DAY 1.4210 UP | [] 1.4865 STRG (06/07 Dec highs - 1.4865/50) |
|200DAY 1.4560 DN |[] (1.4800) FAIR (07 Dec intraday high - 1.4790) |
! 9 DAY RSI !============ 1.4740 (UPDATE PRICE) LDN 10 Dec 08.12 GMT |
| 59.19 (62.09) |[] 1.4650 FAIR (04/07 Dec lows) |
! TRENDS ! [] [1.4615] STRG (27 Nov/03 Dec lows - 1.4610/15) |
| MAJOR DOWN | [] 1.4570 FAIR (28 Nov low) |
| MINOR FLAT | [] 1.4550 FAIR (22/26 Nov lows - 1.4550/55) |

GBP/JPY
02:45 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABG
![GBP/JPY] TEL 020-7017-5474 !
|fell from 241.35 (01 Nov high) to find suppt at 221.30 on 23 Nov. Higher |
|lows were then posted at 221.95 and 223.75. The rally off 223.75 is now |
|approaching key resistance at 227.80 (base t-line off 2342.40). Above here |
|will complete a triangular base that has initial tgts at 229.30 (28 Nov low) |
|& 231.30 (50% of 241.35-221.30). Under 224.90 needed to delay advance. |
|[STRATEGY] BUY AT 226.00 FOR A [229.30] OBJECTIVE, STOP AT (224.85) |
[MOVING AVERAGES |L-TERM HIGH 465.85 NOV82 L-TERM LOW 128.30 APR95 ]
| 20DAY 226.11 DN | [] [229.30] STRG (28/29 Nov highs - 229.30/20) |
| 50DAY 232.69 DN | [] 228.65 FAIR (03 Dec high) |
| 90DAY 232.86 DN | [] 228.45 FAIR (03 Dec intraday high) |
|200DAY 236.37 FL |[] 227.80 STRG (t-line off 14 Nov) |
! 9 DAY RSI !============ 226.90 (UPDATE PRICE) LDN 10 Dec 07.45 GMT |
| 53.71 (45.68) |[] 226.05 FAIR (06 Dec high) |
! TRENDS ! [] 225.50 FAIR (15 Nov low) |
| MAJOR UP | [] (224.85) FAIR (07 Dec low - 224.90) |
| MINOR FLAT | [] 224.35 FAIR (05 Dec intraday low) |

GBP/AUD
02:05 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABW
![GBP/AUD] TEL 65 6320 3511 !
|reached a yearly high at 2.5645 (17 Aug) before reversing through Jul low at |
|2.3110. Weakness to 2.2185 on 29 Oct was followed by a recovery, reaching |
|2.3500/2.3865 (12/26 Nov), interrupted by 2.2790 higher low (14 Nov). A |
|retreat has followed, Wed's 2.3680 lower top has seen an extn through last |
|Fri's 2.3175 low, raising fears of 2.2790 retest. Fresh lower top now sought |
|[STRATEGY] SELL AT 2.3270 FOR A [2.2835] OBJECTIVE, STOP AT (2.3370) |
[MOVING AVERAGES |L-TERM HIGH 3.0380 27SEP01 L-TERM LOW 1.2840 28OCT76 ]
| 20DAY 2.3331 UP | [] (2.3370) FAIR (05 Dec intraday high - 2.3360) |
| 50DAY 2.2962 UP | [] 2.3325 FAIR (06 Dec high) |
| 90DAY 2.3449 DN | [] 2.3290 FAIR (06 Dec intraday high) |
|200DAY 2.3707 DN |[] 2.3265 STRG (today's high) |
! 9 DAY RSI !============ 2.3168 (UPDATE PRICE) SGP 10 Dec 07.05 GMT |
| 38.87 (32.67) |[] 2.3040 FAIR (09 Nov high) |
! TRENDS ! [] 2.3010 STRG (07 Dec low) |
| MAJOR FLAT | [] [2.2835] FAIR (19 Nov low) |
| MINOR DOWN | [] 2.2790 STRG (14/15 Nov lows-2.2790/2.2810) |

EUR/JPY
02:33 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABF
![EUR/JPY] TEL 020-7017-5474 !
|fell from 167.65 (07 Nov high) to find suppt at 158.70 on 13 Nov. Higher |
|bases have followed at 159.37 (27 Nov) and 160.90 (04 Dec low). The |
|structure is positive and studies support a break above 163.89-164.31 to |
|complete a multi-week base that opens 165.53 first (76.4% of 167.65-158.70). |
|Further out re-test on 167.00-65 seen. Only below 162.35 dampens tone. |
|[STRATEGY] BUY AT 162.80 FOR AN INITIAL [165.00] OBJECTIVE, STOP AT (162.30) |
[MOVING AVERAGES |L-TERM HIGH 169.05 23JUL07 L-TERM LOW 88.93 26OCT00 ]
| 20DAY 161.81 DN | [] [165.00] FAIR (figure resist) |
| 50DAY 163.74 FL | [] 164.51 FAIR (08 Nov intraday low) |
| 90DAY 161.77 UP | [] 164.31 STRG (14 Nov high/nr 61.8% retr) |
|200DAY 162.05 UP |[] 163.89 FAIR (07 Dec high) |
! 9 DAY RSI !============ 163.40 (UPDATE PRICE) LDN 10 Dec 07.28 GMT |
| 56.19 (53.94) |[] 162.70 STRG (05 Dec intraday high) |
! TRENDS ! [] (162.30) FAIR (07 Dec low - 162.35) |
| MAJOR UP | [] 162.00 FAIR (figure suppt) |
| MINOR UP | [] 161.83 FAIR (27 Nov high) |

EUR/AUD
02:23 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABV
![EUR/AUD] TEL 065 6320 3514 !
|The recovery rally off 1.5495 (01 Nov) reached 1.7160 (23 Nov) before |
|reversing to 1.6540 on Mon. Upside attempt off there has since left a lower |
|swing high at 1.7000. This forms a 2 weeks supply line connecting the 1.7160|
|and 1.7000 peaks & currently caps near 1.6900. Failure to overcome this |
|level over coming sessions risks deeper declines below 1.6540. |
|[STRATEGY] SELL AT 1.6800 FOR A RETURN TO [1.6540], STOP AT (1.6855) |
[MOVING AVERAGES |L-TERM HIGH 1.9340 04JAN99 L-TERM LOW 1.5006 05MAY00 ]
| 20DAY 1.6695 UP | [] (1.6855) FAIR (29 Aug signif high) |
| 50DAY 1.6165 UP | [] 1.6810 FAIR (06 Dec high) |
| 90DAY 1.6290 UP | [] 1.6785 FAIR (06 Dec intraday high) |
|200DAY 1.6250 FL |[] 1.6740 FAIR (07 Dec high) |
! 9 DAY RSI !============ 1.6690 (UPDATE PRICE) SGP 10 Dec 07.23 GMT |
| 54.53 (50.50) |[] 1.6610 FAIR (04/07 Dec lows - 1.6625/10) |
! TRENDS ! [] 1.6570 FAIR (03 Dec intraday low) |
| MAJOR FLAT | [] [1.6540] STRG (20 Nov/03 Dec lows - 1.6525/40) |
| MINOR DOWN | [] 1.6470 FAIR (19 Nov intraday high) |

CHF/JPY
02:05 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABH
![CHF/JPY] TEL 65 6320 3511 !
|strengthened off 96.45 (22 Oct low) to reach 100.70 on 07 Nov, before |
|correcting lower to 96.80 (12 Nov low). An initial strong rebound reached |
|99.80 ahead of current consoln within a broad range. However, while |
|96.45-96.80 supports, the near-term structure remains positive. A break |
|above layered resistance between 98.80-99.15 will trigger next up-leg. |
|[POSITION] LONG AT 97.80 FOR A [99.80] INITL OBJECTIVE, STOP AT (98.05) |
[MOVING AVERAGES |L-TERM HIGH 116.60 AUG90 L-TERM LOW 58.75 07SEP00 ]
| 20DAY 98.43 UP | [] 100.50 FAIR (09 Nov high) |
| 50DAY 98.67 UP | [] 100.00 FAIR (psychological) |
| 90DAY 97.89 FL | [] [99.80] STRG (14 Nov highs) |
| 200DAY 98.34 UP |[] 99.15 FAIR (29 Nov high) |
! 9 DAY RSI !============ 98.85 (UPDATE PRICE) SGP 10 Dec 07.04 GMT |
| 67.47 (53.83) |[] (98.05) FAIR (07 Dec intraday low - 98.15) |
! TRENDS ! [] 97.60 FAIR (03/06 Dec lows - 97.60/80) |
| MAJOR UP | [] 97.45 FAIR (04 Dec low) |
| MINOR FLAT | [] 97.20 FAIR (lower 2wk correc channel) |

AUD/JPY
02:56 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABD
![AUD/JPY] TEL 020-7017-5474 !
|fell from 107.85 (2007 high, 31 Oct/01 Nov) to eventually find suppt at 93.00|
|on 26 Nov. A rebound followed to 98.65 on 30 Nov (38.2% of 107.85- 93.00) |
|ahead of a dip to 95.25 Wed (nr 61.8% of 93.00-98.65). An hourly base here |
|has lead to completion of a near 1 month triangular base that projects signif|
|n-t strength. Initial target 98.65, guards 99.90. 97.35 buoys. |
|[STRATEGY] BUY AT 97.60 FOR A [99.40] INITIAL OBJ, STOP AT (97.10) |
[MOVING AVERAGES |L-TERM HIGH 266.40 11JUL82 L-TERM LOW 55.45 18OCT00 ]
| 20DAY 96.85 DN | [] [99.40] FAIR (16 Nov high) |
| 50DAY 101.35 DN | [] 99.00 FAIR (figure resistance) |
| 90DAY 99.35 DN | [] 98.65 STRG (30 Nov high/38.2% 107.85-93.00) |
| 200DAY 99.75 UP |[] 98.45 STRG (07 Dec high) |
! 9 DAY RSI !============ 98.00 (UPDATE PRICE) LDN 10 Dec 07.50 GMT |
| 59.46 (57.59) |[] (97.10) FAIR (today's low - 97.25) |
! TRENDS ! [] 96.80 FAIR (05 Dec high) |
| MAJOR UP | [] 96.30 STRG (06 Dec low) |
| MINOR UP | [] 96.00 STRG (05 Dec intraday low) |

CAD/JPY
02:03 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABE
![CAD/JPY] TEL 65 6320 3511 !
|fell from 125.50 (2007 high - 07 Nov) to find support at 108.15 on 27 Nov and|
|107.95 on 05 Dec. Current up-swing off 107.95 has breached 110.70 (trendline|
|off 113.20), and this completes a base that signals near-term recovery to |
|114.65 (38.2% retrace of 125.50 to 107.95 drop). Initial targets lie at |
|112.00 (28 Nov high) and 113.20 (20 Nov high). 109.75 underpins gains. |
|[POSITION] LONG AT 109.10 FOR A [113.20] INITIAL OBJ, STOP AT (109.70) |
[MOVING AVERAGES |L-TERM HIGH 136.40 APR90 L-TERM LOW 57.80 APR95 ]
| 20DAY 111.12 DN | [] [113.20] FAIR (20 Nov high) |
| 50DAY 116.11 DN | [] 112.40 FAIR (21 Nov high) |
| 90DAY 113.86 DN | [] 112.00 STRG (28/29 Nov highs - 112.00/111.90)|
|200DAY 111.43 UP |[] 111.50 FAIR (07 Dec high) |
! 9 DAY RSI !============ 110.89 (UPDATE PRICE) SGP 10 Dec 07.03 GMT |
| 57.70 (51.31) |[] 110.30 FAIR (07 Dec intraday high) |
! TRENDS ! [] (109.70) FAIR (07 Dec low 109.75) |
| MAJOR UP | [] 109.55 FAIR (06 Dec intraday low) |
| MINOR FLAT | [] 109.05 FAIR (23 Nov low) |

AUD/NZD
01:23 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABC
![AUD/NZD] TEL 65 6320 3515 !
|resumed downtrend from 1.1600 (30 Nov lower high) and led losses below 200- |
|day MA to 1.1240 last Fri. Interim bouncing seen limited by the 200-day MA |
|which now intersects just above 1.1410 (29 Nov low) at 1.1415. A fresh lower|
|top may be sought near the latter before resuming decline towards 1.1190 (09 |
|Aug low), which coincides with 14-day RSI negative reversal projected zone. |
|[STRATEGY] SELL AT 1.1410 FOR A [1.1190] NEXT OBJECTIVE, STOP AT (1.1485) |
[MOVING AVERAGES |L-TERM HIGH 1.4270 Apr 92 L-TERM LOW 1.0435 05 Dec 05 ]
| 20DAY 1.1565 DN | [] (1.1485) FAIR (05 Dec high - 1.1475) |
| 50DAY 1.1745 DN | [] 1.1430 FAIR (04 Dec low) |
| 90DAY 1.1685 FL | [] 1.1410 STRG (29 Nov low) |
|200DAY 1.1415 FL |[] 1.1385 FAIR (05 Dec intraday high) |
! 9 DAY RSI !============ 1.1330 (UPDATE PRICE) SGP 10 Dec 06.23 GMT |
| 25.96 (21.16) |[] 1.1265 FAIR (07 Dec intraday low) |
! TRENDS ! [] 1.1240 STRG (07 Dec low) |
| MAJOR FLAT | [] 1.1225 FAIR (01 Aug high) |
| MINOR DOWN | [] [1.1190] STRG (09Aug lw/nr 76.4% 1.0910-1.2080)|

INDEX
02:05 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXACK
![US$ Index] TEL 65 6320 3511 !
|retreated from 82.132 on 16 Aug to break Sep 1992 all-time low at 78.210 on |
|25 Sep. Losses reached 74.484 on 23 Nov, ahead of a choppy recovery. Initl |
|gains to 76.184 were followed by a higher low at 75.595 on Tues ahead of extn|
|to 76.816 on Thurs. Weakness from there needs a higher low above 75.595, |
|ideally by 76.084-76.184 to maintain bull trend for extn twrd 76.885-77.092 |
|[POSITION] LONG AT 76.342 FOR A [76.885] OBJECTIVE, STOP (76.134) |
[MOVING AVERAGES |L-TERM HIGH 121.020 06Jul01 L-TERM LOW 74.484 23Nov07 ]
| 20DAY 75.655 UP | [] [76.885] STRG (31 Oct/01 Nov highs-76.885/868) |
| 50DAY 76.708 DN | [] 76.816 STRG (06 Dec high) |
| 90DAY 78.245 DN | [] 76.661 FAIR (06 Dec intraday high) |
|200DAY 80.424 DN |[] 76.510 FAIR (07 Dec high) |
! 9 DAY RSI !============ 76.275 (UPDATE PRICE) SGP 10 Dec 07.06 GMT |
| 65.94 (68.91) |[] 76.271 FAIR (06 Dec low) |
! TRENDS ! [] (76.134) STRG (30 Nov high - 76.184) |
| MAJOR DOWN | [] 76.084 FAIR (04 Dec high) |
| MINOR UP | [] 75.963 FAIR (19 Nov high) |

Sulaiman Ben ZerQi

10-12-2007, 02:10 PM

STRATEGY
الإستراتيجية
اليوم الاثنين التاريخ 10/12/2007 الساعة 12:30

EUR/USD

02:09 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAT
![EUR/USD] TEL 020-7017-5472 !
|extended the choppy decline from 23 Nov's all-time traded high at 1.4968 to |
|reach 1.4625 last Thurs, from where a corrective recovery reached 1.4674 last|
|Fri. A drift lower now seen, we need to see 1.4592-99 contain this to keep |
|alive hopes of a further recovery toward 1.4699-1.4712 before possibly being |
|ready to resume recent weakness from 1.4968 into a 1.4444-92 next tgt area |
|[STRATEGY] RAISE BUY TO 1.4615 FOR A [1.4709] OBJECTIVE, RAISE STOP (1.4585) |
[MOVING AVERAGES |L-TERM HIGH 1.4968 23NOV07 L-TERM LOW .8228 26OCT00 ]
| 20DAY 1.4718 DN | [] 1.4726 FAIR (05 Dec intraday high) |
| 50DAY 1.4474 UP | [] [1.4709] STRG (28Nov low/03Dec high -1.4712/09)|
| 90DAY 1.4157 UP | [] 1.4699 FAIR (05 Dec intraday low) |
|200DAY 1.3793 UP |[] 1.4674 STRG (07 Dec hgh/nr 61.8% 1.4771-4525)|
! 9 DAY RSI !============ 1.4657 (UPDATE PRICE) LDN 10 Dec 07.08 GMT |
| 42.68 (38.73) |[] 1.4610 FAIR (07 Dec intraday low) |
! TRENDS ! [] 1.4599 STRG (07 Dec low) |
| MAJOR UP | [] (1.4585) FAIR (05 Dec low - 1.4592) |
| MINOR UP | [] 1.4573 FAIR (06 Dec intraday low) |

GBP/USD
03:54 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAW
![GBP/USD] TEL 020-7017-5472 !
|breached key suppt at 2.0352 last Weds after fully unwinding 2.0352-2.0833 |
|rise (16 Nov-28 Nov). Losses accelerated to 2.0180 last Thurs ahead of the |
|latest choppy rise. Last Fri's 2.0347 high is now being cleared to set up a |
|further corrective bounce toward 2.0405-30, possibly 2.0484-2.0524 before |
|underlying losses are possibly ready to resume toward 2.0085-2.0137. |
|[POSITION] LONG AT 2.0260 FOR A [2.0430] OBJECTIVE, RAISE STOP TO (2.0285) |
[MOVING AVERAGES |L-TERM HIGH 2.4546 NOV80 L-TERM LOW 1.0300 FEB85 ]
| 20DAY 2.0566 DN | [] 2.0484 FAIR (05 Dec intraday high) |
| 50DAY 2.0563 DN | [] 2.0445 FAIR (05 Dec intraday low) |
| 90DAY 2.0372 DN | [] [2.0430] FAIR (38/50% of 2.0833/2.0680 -2.0180)|
|200DAY 2.0112 UP |[] 2.0405 FAIR (05 Dec intraday high) |
! 9 DAY RSI !============ 2.0370 (UPDATE PRICE) LDN 10 Dec 08.50 GMT |
| 28.23 (23.70) |[] (2.0285) FAIR (today's low - 2.0295) |
! TRENDS ! [] 2.0262 FAIR (07 Dec intraday low) |
| MAJOR UP | [] 2.0248 FAIR (05 Dec low) |
| MINOR UP | [] 2.0217 FAIR (06 Dec id/07 Dec lows-2.0217/21)|

USD/JPY

02:08 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAU
![USD/JPY] TEL 020-7017-5474 !
|fell to 107.22 on 26 Nov bfr rebounding to 111.24 on 30 Nov. A key higher |
|low at 109.56, Tues, then set up latest rally that is breaking through |
|layered resistance between 111.24-57 to complete a nr 4 week triangular base.|
|111.87 (2 month t-line) now being pressured and through here opens 112.58 |
|(50% retrace of 117.95-107.22) next. 111.17-35 offers immediate suppt. |
|[POSITION] LONG AT 109.80 FOR A [112.58] OBJECTIVE, RAISE STOP TO (111.12) |
[MOVING AVERAGES |L-TERM HIGH 307.00 DEC75 L-TERM LOW 79.75 APR95 ]
| 20DAY 109.98 UP | [] [112.58] FAIR (50% of 117.95-107.22 decline) |
| 50DAY 113.21 DN | [] 112.24 FAIR (08 Nov intraday low) |
| 90DAY 114.36 DN | [] 112.00 STRG (08 Nov prev low) |
|200DAY 117.58 DN |[] 111.87 FAIR (today's high/t/l off ) |
! 9 DAY RSI !============ 111.57 (UPDATE PRICE) LDN 10 Dec 07.06 GMT |
| 69.37 (65.65) |[] 111.35 FAIR (today's low) |
! TRENDS ! [] (111.12) STRG (07 Dec low - 111.17) |
| MAJOR FLAT | [] 110.97 FAIR (05 Dec high) |
| MINOR UP | [] 110.63 STRG (06 Dec low) |

USD/CHF
02:31 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAV
![USD/CHF] TEL 020-7017-5472 !
|extended the choppy recovery from the 1.0889 new all-time traded low seen on |
|23 Nov to reach 1.1355 last Thurs ahead of the latest consoln above 1.1265-76|
|area. Fears are rising for a breakdown through 1.1265-76 to 1.1199-1.1226 |
|ahead of attemtps to extend gains through 1.1355 to 1.1398-1.1422, possibly |
|1.1449-66. Losing 1.1199-1.1226 will be bearish, opening 1.1098-1.1107 |
|[POSITION] LONG AT 1.1295 FOR A [1.1398] OBJECTIVE, ADJUST STOP TO (1.1255) |
[MOVING AVERAGES |L-TERM HIGH 2.9290 FEB85 L-TERM LOW 1.0889 23NOV07 ]
| 20DAY 1.1169 UP | [] [1.1398] FAIR (07 Nov intraday high) |
| 50DAY 1.1469 DN | [] 1.1368 FAIR (2005 low - 03 Jan) |
| 90DAY 1.1680 DN | [] 1.1355 STRG (07 Nov id/06 Dec hghs-1.1353/55)|
|200DAY 1.1954 DN |[] 1.1334 FAIR (30 Nov/07 Dec highs - 1.1328/34)|
! 9 DAY RSI !============ 1.1285 (UPDATE PRICE) LDN 10 Dec 07.29 GMT |
| 61.53 (65.41) |[] 1.1276 FAIR (07 Dec/today lows - 1.1278/76) |
! TRENDS ! [] (1.1255) STRG (05Dec id hi/06Dec low-1.1260/65)|
| MAJOR DOWN | [] 1.1226 FAIR (05 Dec id high/low - 1.1226/32) |
| MINOR UP | [] 1.1199 FAIR (76.4% of 1.1151-1.1355) |

USD/CAD
03:55 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAZ
![USD/CAD] TEL 020-7017-5474 !
|rebounded off .9059 (07 Nov low) to break a 2-month bear channel. 1.0215 was|
|reached last Wed but subsequent attempts to push higher has left confimed |
|lower highs at 1.0195 and 1.0150 instead. A 3 days bear trend line now |
|resists near 1.0120. Inability to push over there will risks deeper declines|
|towards .9950-75. |
|[STRATEGY] SELL AT 1.0090 FOR A [.9990] OBJECTIVE, STOP AT (1.0130) |
[MOVING AVERAGES |L-TERM HIGH 1.6194 21JAN02 L-TERM LOW .3597 JUL 1864 ]
| 20DAY .9890 UP | [] 1.0195 FAIR (06 Dec high) |
| 50DAY .9751 DN | [] 1.0170 STRG (t-line off 1.0215) |
| 90DAY 1.0050 DN | [] 1.0150 FAIR (07 Dec high) |
|200DAY 1.0574 DN |[] (1.0130) FAIR (3 days bear t/line - 1.0120) |
! 9 DAY RSI !============ 1.0050 (UPDATE PRICE) LDN 10 Dec 08.55 GMT |
| 62.19 (67.29) |[] 1.0006 FAIR (07 Dec low) |
! TRENDS ! [] [.9990] FAIR (04 Dec low) |
| MAJOR DOWN | [] .9975 STRG (03 Dec low) |
| MINOR UP | [] .9950 FAIR (mid figure) |

AUD/USD
03:39 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABA
![AUD/USD] TEL 020-7017-5472 !
|retreated from .9401 (07 Nov's long-term high) to .8652 on 21 Nov. Bounce |
|from there reached .8923 on 28 Nov ahead of a steady retreat to .8660 last |
|Weds. Subsequent rally over .8766-87 ended immed fears of a deeper retreat |
|in favour of .8813-43, possibly .8866-94. .8828 reached last Fri ahead of |
|today's dip to .8727, from where a further recov may now be under way. |
|[STRATEGY] BUY AT .8752 FOR A [.8856] OBJECTIVE, STOP AT (.8702) |
[MOVING AVERAGES |L-TERM HIGH 1.1310 JAN82 L-TERM LOW .4775 02APR01 ]
| 20DAY .8810 DN | [] .8866 FAIR (30 Nov intraday high) |
| 50DAY .8952 DN | [] [.8856] FAIR (03 Dec high) |
| 90DAY .8693 UP | [] .8843 FAIR (03 Dec intraday high) |
| 200DAY .8488 UP |[] .8828 STRG (07 Dec high) |
! 9 DAY RSI !============ .8795 (UPDATE PRICE) LDN 10 Dec 08.37 GMT |
| 48.30 (50.07) |[] .8742 FAIR (07 Dec low) |
! TRENDS ! [] .8727 STRG (today's low) |
| MAJOR UP | [] (.8702) FAIR (04 Dec low - .8710) |
| MINOR FLAT | [] .8691 STRG (06 Dec low) |
NZD/USD
03:49 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABB
![NZD/USD] TEL 020-7017-5472 !
|reached .7893 on 07 Nov, highest since Jul. A retreat to .7436 was followed |
|by an initial recovery to .7676 (14 Nov), with 21 Nov higher low at .7457 |
|having set up an extn to .7760 last Weds. From subsequent higher low at |
|.7575 last Weds fresh headway reached .7819 last Fri and a fresh higher low |
|is now sought for an extn toward .7830-93. |
|[STRATEGY] RAISE BUY TO .7707, RAISE OBJ TO [.7830], RAISE STOP TO (.7673) |
[MOVING AVERAGES |L-TERM HIGH .8270 10JUN82 L-TERM LOW .3898 18OCT00 ]
| 20DAY .7615 UP | [] .7845 FAIR (1.618 of .7436-.7676 from .7457)|
| 50DAY .7620 UP | [] [.7830] FAIR (07 Nov intraday low/high) |
| 90DAY .7435 UP | [] .7822 STRG (09 Nov/07 Dec highs - .7822/19) |
| 200DAY .7432 UP |[] .7797 FAIR (07 Dec intraday high) |
! 9 DAY RSI !============ .7773 (UPDATE PRICE) LDN 10 Dec 08.48 GMT |
| 70.56 (72.36) |[] .7719 FAIR (today's low) |
! TRENDS ! [] .7697 FAIR (50% retrace of .7575-.7819) |
| MAJOR UP | [] (.7673) STRG (03 Dec high/06 Dec low - .7683) |
| MINOR UP | [] .7668 FAIR (61.8% retrace of .7575-.7819) |

OIL
01:35 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADI
![NYMEX OIL JAN 08] TEL 65 6320 3515 !
|A 4-day broadening consolidation pattern emerges (upper bounds join 03/05 Dec|
|highs, lower bounds 03/06 Dec low). The latest breach of 87.34 former |
|support, and the repeated caps of rebounds by 200 hour MA resis promote 85.82|
|retest. Below would target 83.82 (22 Oct low/nr 50% of 68.20-99.29). Only |
|clearance above last Thur's 90.73 high/91.52 (30 Nov high) defers. |
|[STRATEGY] POSSIBLY SELL. |
[M.A. | |07 Dec HI 90.68 LO 87.07 CL 88.28 ]
| 9DAY 89.82 DN | [] 91.52 STRG (30 Nov 2007 high) |
| 18DAY 92.39 DN | [] 91.05 FAIR (30 Nov intraday high) |
| 30DAY 92.82 DN | [] 90.73 STRG (06 Dec 2007 high) |
| 9 DAY RSI |[] 89.60 FAIR (07 Dec former intraday low) |
! 39.51 (45.36) !============ 87.95 (UPDATE PRICE) SGP 10 Dec 0634GMT |
| CONTRACT HIGH |[] 86.88 FAIR (06 Dec former intraday high) |
! 99.29 21Nov07 ! [] 85.82 STRG (06 Dec 2007 low) |
| CONTRACT LOW | [] 85.26 FAIR (24 Oct hourly low) |
| 56.25 17Jan07 | [] 84.70 FAIR (24 Oct former intraday high) |

GOLD
02:10 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADJ
![ GOLD CASH] TEL 65 6320 3511 !
|Declines off Wed's 806.70 high, near 50% (806.80) of 836.70/777.00 fall, |
|extended to retrace nearly 76.4% (784.00) of the advance from Mon's 777.00 |
|low, curbing at 785.00. The latest sharp rebound hints at m-term ranging. |
|While below 806.70, dips would target 790.80 ahead of 785.00 retest. Over |
|806.70, however, revives bulls towards 815.30 (28 Nov high). |
|[STRATEGY] POSSIBLY SELL WHILE BELOW 806.70. |
[M.A. |Cash |07 Dec HI 804.80 LO 791.00 CL 795.80 ]
| 9DAY 797.69 DN | [] 815.30 FAIR (28 Nov high) |
| 18DAY 800.03 DN | [] 807.90 STRG (29 Nov high/27 Nov low) |
| 30DAY 803.01 UP | [] 806.70 STRG (05 Dec high) |
| 9 DAY RSI |[] 805.35 FAIR (06 Dec high) |
! 47.62 ( 51.93) !============ 798.10 (UPDATE PRICE) SGP 10 Dec 0710GMT |
| Major High |[] 793.90 FAIR (today's low) |
! 850.00 18Jan80 ! [] 790.80 FAIR (06 Dec former intraday high) |
| Major Low | [] 787.50 FAIR (06 Dec former hourly low) |
| 251.70 25Aug99 | [] 785.10 STRG (06 Dec low) |

EUR/GBP
03:59 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADT
![EUR/GBP] TEL 020-7017-5472 !
|retreated from the 23 Nov 4 1/2 year high at .7216 to .7089 last Mon before |
|rebounding strongly. A new 4 1/2 year high was made last Weds, reaching |
|.7239 ahead of last Thur's dip to .7177. Hopes of this marking a higher low |
|for additional rise to .7254-80 (Mar 03 all-time traded high/cal'd high from |
|Mar 97) are fading, if latest dip loses .7177 then min'm of .7153-66 likely |
|[POSITION] .7189 LONGS STOPPED AT .7190, STAND ASIDE FOR NOW |
[MOVING AVERAGES |L-TERM HIGH .7254 26MAY03 L-TERM LOW .5681 04MAY00 ]
| 20DAY .7157 UP | [] .7254 CRITICAL (all-time high 26 May 03) |
| 50DAY .7038 UP | [] .7239 STRG (2007 high - 05 Dec) |
| 90DAY .6948 UP | [] .7232 FAIR (07 Dec high) |
| 200DAY .6856 UP |[] .7213 FAIR (today's high) |
! 9 DAY RSI !============ .7188 (UPDATE PRICE) LDN 10 Dec 08.58 GMT |
| 71.88 (70.88) |[] .7177 STRG (04 Dec high/06 Dec low-.7179/77)|
! TRENDS ! [] .7166 FAIR (05 Dec low) |
| MAJOR UP | [] .7153 FAIR (04 Dec intraday low) |
| MINOR UP | [] .7131 FAIR (30 Nov low/03 Dec high-.7131/36)|

GBP/CHF
03:54 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADQ
![GBP/CHF] TEL 020-7017-5472 !
|extended losses from 25 Jul 6-yr high at 2.4970 through 21 Sep low at 2.3485,|
|and Mar's 2.3290 year low to reach 2.2600 on 23 Nov. A steady recovery |
|reached 2.3365 last Tues ahead of a sharp retreat to 2.2765 last Weds. A |
|gradual correcn higher has followed, but the trend is down and 2.3005-35 |
|needs to be cleared to avert the immed risk of an extn lower twrd 2.2600-85 |
|[POSITION] SHORT AT 2.2970 FOR [2.2685], STOP/REV (2.3055) FOR 2.3165/2.2970 |
[MOVING AVERAGES |L-TERM HIGH 10.4166 APR71 L-TERM LOW 1.7550 NOV95 ]
| 20DAY 2.2966 DN | [] 2.3245 FAIR (04 Dec id low) |
| 50DAY 2.3574 DN | [] 2.3165 STRG (28 Nov high/03 Dec low) |
| 90DAY 2.3781 DN | [] 2.3090 FAIR (04 Dec intraday high - 2.3090) |
|200DAY 2.4027 DN |[] (2.3055) STRG (05 Dec high - 2.3035) |
! 9 DAY RSI !============ 2.3020 (UPDATE PRICE) LDN 10 Dec 08.19 GMT |
| 43.59 (42.52) |[] 2.2870 FAIR (07 Dec low) |
! TRENDS ! [] 2.2835 FAIR (06 Dec low) |
| MAJOR FLAT | [] 2.2765 STRG (23 Nov high/05Dec low-2.2765/70)|
| MINOR DOWN | [] [2.2685] STRG (21/26/27 Nov lows - 2.2685) |

EUR/CHF
02:53 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADP
![EUR/CHF] TEL 020-7017-5472 !
|extended losses from 1.6828/1.6810 double top (11/29 Oct) to 1.6300/05 (23/27|
|Nov). A steady recovery followed, reaching 1.6586 (30 Nov high) ahead of a |
|choppy setback to 1.6452 last Weds. Fresh attempts to move higher have so |
|far tested 1.6570, we seek a higher low by 1.6498-1.6515 to maintain the |
|recovery phase for a min'm extn to 1.6575-86, possibly 1.6596-1.6615. |
|[STRATEGY] BUY AT 1.6515 FOR A [1.6586] OBJECTIVE, STOP AT (1.6488). |
[MOVING AVERAGES |L-TERM HIGH 1.6828 11OCT07 L-TERM LOW 1.4397 21SEP01 ]
| 20DAY 1.6440 UP | [] 1.6615 STRG (08 Nov high) |
| 50DAY 1.6593 DN | [] 1.6596 FAIR (08 Nov intraday high) |
| 90DAY 1.6523 UP | [] [1.6586] STRG (30 Nov high) |
|200DAY 1.6473 UP |[] 1.6575 FAIR (03/04/07 Dec highs-1.6572/75/70)|
! 9 DAY RSI !============ 1.6540 (UPDATE PRICE) LDN 10 Dec 07.52 GMT |
| 64.30 (65.08) |[] 1.6522 FAIR (today's low) |
! TRENDS ! [] 1.6515 FAIR (03Dec low/05Dec high-1.6515/17) |
| MAJOR UP | [] (1.6488) FAIR (06 Dec intraday high - 1.6498) |
| MINOR FLAT | [] 1.6474 FAIR (29 Nov low) |

EUR/CAD
03:13 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADK
![EUR/CAD] TEL 020-7017-5472 !
|extended recov from 07 Nov (6 yr) low at 1.3285 through key resist at 1.4645 |
|(May/Jul tops) to 1.5035 last Weds ahead of a steady retreat to 1.4650 last |
|Fri. As yet, a lasting low is not signalled at 1.4650 and the risk is for a |
|bounce to leave a lower top by 1.4850-95 ahead of a deeper retreat to a min'm|
|of 1.4570-1.4615 and possibly 1.4500-50. |
|[POSITION] SHORT AT 1.4845 FOR A REVISED [1.4615] OBJECTIVE, STOP (1.4800) |
[MOVING AVERAGES |L-TERM HIGH 1.8265 04JAN99 L-TERM LOW 1.2470 26OCT00 ]
| 20DAY 1.4555 UP | [] 1.4985 FAIR (04 Dec high) |
| 50DAY 1.4110 UP | [] 1.4895 FAIR (05 Dec id low/high - 1.4895/85) |
| 90DAY 1.4210 UP | [] 1.4865 STRG (06/07 Dec highs - 1.4865/50) |
|200DAY 1.4560 DN |[] (1.4800) FAIR (07 Dec intraday high - 1.4790) |
! 9 DAY RSI !============ 1.4740 (UPDATE PRICE) LDN 10 Dec 08.12 GMT |
| 59.19 (62.09) |[] 1.4650 FAIR (04/07 Dec lows) |
! TRENDS ! [] [1.4615] STRG (27 Nov/03 Dec lows - 1.4610/15) |
| MAJOR DOWN | [] 1.4570 FAIR (28 Nov low) |
| MINOR FLAT | [] 1.4550 FAIR (22/26 Nov lows - 1.4550/55) |

GBP/JPY
02:45 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABG
![GBP/JPY] TEL 020-7017-5474 !
|fell from 241.35 (01 Nov high) to find suppt at 221.30 on 23 Nov. Higher |
|lows were then posted at 221.95 and 223.75. The rally off 223.75 is now |
|approaching key resistance at 227.80 (base t-line off 2342.40). Above here |
|will complete a triangular base that has initial tgts at 229.30 (28 Nov low) |
|& 231.30 (50% of 241.35-221.30). Under 224.90 needed to delay advance. |
|[STRATEGY] BUY AT 226.00 FOR A [229.30] OBJECTIVE, STOP AT (224.85) |
[MOVING AVERAGES |L-TERM HIGH 465.85 NOV82 L-TERM LOW 128.30 APR95 ]
| 20DAY 226.11 DN | [] [229.30] STRG (28/29 Nov highs - 229.30/20) |
| 50DAY 232.69 DN | [] 228.65 FAIR (03 Dec high) |
| 90DAY 232.86 DN | [] 228.45 FAIR (03 Dec intraday high) |
|200DAY 236.37 FL |[] 227.80 STRG (t-line off 14 Nov) |
! 9 DAY RSI !============ 226.90 (UPDATE PRICE) LDN 10 Dec 07.45 GMT |
| 53.71 (45.68) |[] 226.05 FAIR (06 Dec high) |
! TRENDS ! [] 225.50 FAIR (15 Nov low) |
| MAJOR UP | [] (224.85) FAIR (07 Dec low - 224.90) |
| MINOR FLAT | [] 224.35 FAIR (05 Dec intraday low) |

GBP/AUD
02:05 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABW
![GBP/AUD] TEL 65 6320 3511 !
|reached a yearly high at 2.5645 (17 Aug) before reversing through Jul low at |
|2.3110. Weakness to 2.2185 on 29 Oct was followed by a recovery, reaching |
|2.3500/2.3865 (12/26 Nov), interrupted by 2.2790 higher low (14 Nov). A |
|retreat has followed, Wed's 2.3680 lower top has seen an extn through last |
|Fri's 2.3175 low, raising fears of 2.2790 retest. Fresh lower top now sought |
|[STRATEGY] SELL AT 2.3270 FOR A [2.2835] OBJECTIVE, STOP AT (2.3370) |
[MOVING AVERAGES |L-TERM HIGH 3.0380 27SEP01 L-TERM LOW 1.2840 28OCT76 ]
| 20DAY 2.3331 UP | [] (2.3370) FAIR (05 Dec intraday high - 2.3360) |
| 50DAY 2.2962 UP | [] 2.3325 FAIR (06 Dec high) |
| 90DAY 2.3449 DN | [] 2.3290 FAIR (06 Dec intraday high) |
|200DAY 2.3707 DN |[] 2.3265 STRG (today's high) |
! 9 DAY RSI !============ 2.3168 (UPDATE PRICE) SGP 10 Dec 07.05 GMT |
| 38.87 (32.67) |[] 2.3040 FAIR (09 Nov high) |
! TRENDS ! [] 2.3010 STRG (07 Dec low) |
| MAJOR FLAT | [] [2.2835] FAIR (19 Nov low) |
| MINOR DOWN | [] 2.2790 STRG (14/15 Nov lows-2.2790/2.2810) |

EUR/JPY
02:33 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABF
![EUR/JPY] TEL 020-7017-5474 !
|fell from 167.65 (07 Nov high) to find suppt at 158.70 on 13 Nov. Higher |
|bases have followed at 159.37 (27 Nov) and 160.90 (04 Dec low). The |
|structure is positive and studies support a break above 163.89-164.31 to |
|complete a multi-week base that opens 165.53 first (76.4% of 167.65-158.70). |
|Further out re-test on 167.00-65 seen. Only below 162.35 dampens tone. |
|[STRATEGY] BUY AT 162.80 FOR AN INITIAL [165.00] OBJECTIVE, STOP AT (162.30) |
[MOVING AVERAGES |L-TERM HIGH 169.05 23JUL07 L-TERM LOW 88.93 26OCT00 ]
| 20DAY 161.81 DN | [] [165.00] FAIR (figure resist) |
| 50DAY 163.74 FL | [] 164.51 FAIR (08 Nov intraday low) |
| 90DAY 161.77 UP | [] 164.31 STRG (14 Nov high/nr 61.8% retr) |
|200DAY 162.05 UP |[] 163.89 FAIR (07 Dec high) |
! 9 DAY RSI !============ 163.40 (UPDATE PRICE) LDN 10 Dec 07.28 GMT |
| 56.19 (53.94) |[] 162.70 STRG (05 Dec intraday high) |
! TRENDS ! [] (162.30) FAIR (07 Dec low - 162.35) |
| MAJOR UP | [] 162.00 FAIR (figure suppt) |
| MINOR UP | [] 161.83 FAIR (27 Nov high) |

EUR/AUD
02:23 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABV
![EUR/AUD] TEL 065 6320 3514 !
|The recovery rally off 1.5495 (01 Nov) reached 1.7160 (23 Nov) before |
|reversing to 1.6540 on Mon. Upside attempt off there has since left a lower |
|swing high at 1.7000. This forms a 2 weeks supply line connecting the 1.7160|
|and 1.7000 peaks & currently caps near 1.6900. Failure to overcome this |
|level over coming sessions risks deeper declines below 1.6540. |
|[STRATEGY] SELL AT 1.6800 FOR A RETURN TO [1.6540], STOP AT (1.6855) |
[MOVING AVERAGES |L-TERM HIGH 1.9340 04JAN99 L-TERM LOW 1.5006 05MAY00 ]
| 20DAY 1.6695 UP | [] (1.6855) FAIR (29 Aug signif high) |
| 50DAY 1.6165 UP | [] 1.6810 FAIR (06 Dec high) |
| 90DAY 1.6290 UP | [] 1.6785 FAIR (06 Dec intraday high) |
|200DAY 1.6250 FL |[] 1.6740 FAIR (07 Dec high) |
! 9 DAY RSI !============ 1.6690 (UPDATE PRICE) SGP 10 Dec 07.23 GMT |
| 54.53 (50.50) |[] 1.6610 FAIR (04/07 Dec lows - 1.6625/10) |
! TRENDS ! [] 1.6570 FAIR (03 Dec intraday low) |
| MAJOR FLAT | [] [1.6540] STRG (20 Nov/03 Dec lows - 1.6525/40) |
| MINOR DOWN | [] 1.6470 FAIR (19 Nov intraday high) |

CHF/JPY
02:05 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABH
![CHF/JPY] TEL 65 6320 3511 !
|strengthened off 96.45 (22 Oct low) to reach 100.70 on 07 Nov, before |
|correcting lower to 96.80 (12 Nov low). An initial strong rebound reached |
|99.80 ahead of current consoln within a broad range. However, while |
|96.45-96.80 supports, the near-term structure remains positive. A break |
|above layered resistance between 98.80-99.15 will trigger next up-leg. |
|[POSITION] LONG AT 97.80 FOR A [99.80] INITL OBJECTIVE, STOP AT (98.05) |
[MOVING AVERAGES |L-TERM HIGH 116.60 AUG90 L-TERM LOW 58.75 07SEP00 ]
| 20DAY 98.43 UP | [] 100.50 FAIR (09 Nov high) |
| 50DAY 98.67 UP | [] 100.00 FAIR (psychological) |
| 90DAY 97.89 FL | [] [99.80] STRG (14 Nov highs) |
| 200DAY 98.34 UP |[] 99.15 FAIR (29 Nov high) |
! 9 DAY RSI !============ 98.85 (UPDATE PRICE) SGP 10 Dec 07.04 GMT |
| 67.47 (53.83) |[] (98.05) FAIR (07 Dec intraday low - 98.15) |
! TRENDS ! [] 97.60 FAIR (03/06 Dec lows - 97.60/80) |
| MAJOR UP | [] 97.45 FAIR (04 Dec low) |
| MINOR FLAT | [] 97.20 FAIR (lower 2wk correc channel) |

AUD/JPY
02:56 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABD
![AUD/JPY] TEL 020-7017-5474 !
|fell from 107.85 (2007 high, 31 Oct/01 Nov) to eventually find suppt at 93.00|
|on 26 Nov. A rebound followed to 98.65 on 30 Nov (38.2% of 107.85- 93.00) |
|ahead of a dip to 95.25 Wed (nr 61.8% of 93.00-98.65). An hourly base here |
|has lead to completion of a near 1 month triangular base that projects signif|
|n-t strength. Initial target 98.65, guards 99.90. 97.35 buoys. |
|[STRATEGY] BUY AT 97.60 FOR A [99.40] INITIAL OBJ, STOP AT (97.10) |
[MOVING AVERAGES |L-TERM HIGH 266.40 11JUL82 L-TERM LOW 55.45 18OCT00 ]
| 20DAY 96.85 DN | [] [99.40] FAIR (16 Nov high) |
| 50DAY 101.35 DN | [] 99.00 FAIR (figure resistance) |
| 90DAY 99.35 DN | [] 98.65 STRG (30 Nov high/38.2% 107.85-93.00) |
| 200DAY 99.75 UP |[] 98.45 STRG (07 Dec high) |
! 9 DAY RSI !============ 98.00 (UPDATE PRICE) LDN 10 Dec 07.50 GMT |
| 59.46 (57.59) |[] (97.10) FAIR (today's low - 97.25) |
! TRENDS ! [] 96.80 FAIR (05 Dec high) |
| MAJOR UP | [] 96.30 STRG (06 Dec low) |
| MINOR UP | [] 96.00 STRG (05 Dec intraday low) |

CAD/JPY
02:03 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABE
![CAD/JPY] TEL 65 6320 3511 !
|fell from 125.50 (2007 high - 07 Nov) to find support at 108.15 on 27 Nov and|
|107.95 on 05 Dec. Current up-swing off 107.95 has breached 110.70 (trendline|
|off 113.20), and this completes a base that signals near-term recovery to |
|114.65 (38.2% retrace of 125.50 to 107.95 drop). Initial targets lie at |
|112.00 (28 Nov high) and 113.20 (20 Nov high). 109.75 underpins gains. |
|[POSITION] LONG AT 109.10 FOR A [113.20] INITIAL OBJ, STOP AT (109.70) |
[MOVING AVERAGES |L-TERM HIGH 136.40 APR90 L-TERM LOW 57.80 APR95 ]
| 20DAY 111.12 DN | [] [113.20] FAIR (20 Nov high) |
| 50DAY 116.11 DN | [] 112.40 FAIR (21 Nov high) |
| 90DAY 113.86 DN | [] 112.00 STRG (28/29 Nov highs - 112.00/111.90)|
|200DAY 111.43 UP |[] 111.50 FAIR (07 Dec high) |
! 9 DAY RSI !============ 110.89 (UPDATE PRICE) SGP 10 Dec 07.03 GMT |
| 57.70 (51.31) |[] 110.30 FAIR (07 Dec intraday high) |
! TRENDS ! [] (109.70) FAIR (07 Dec low 109.75) |
| MAJOR UP | [] 109.55 FAIR (06 Dec intraday low) |
| MINOR FLAT | [] 109.05 FAIR (23 Nov low) |

AUD/NZD
01:23 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABC
![AUD/NZD] TEL 65 6320 3515 !
|resumed downtrend from 1.1600 (30 Nov lower high) and led losses below 200- |
|day MA to 1.1240 last Fri. Interim bouncing seen limited by the 200-day MA |
|which now intersects just above 1.1410 (29 Nov low) at 1.1415. A fresh lower|
|top may be sought near the latter before resuming decline towards 1.1190 (09 |
|Aug low), which coincides with 14-day RSI negative reversal projected zone. |
|[STRATEGY] SELL AT 1.1410 FOR A [1.1190] NEXT OBJECTIVE, STOP AT (1.1485) |
[MOVING AVERAGES |L-TERM HIGH 1.4270 Apr 92 L-TERM LOW 1.0435 05 Dec 05 ]
| 20DAY 1.1565 DN | [] (1.1485) FAIR (05 Dec high - 1.1475) |
| 50DAY 1.1745 DN | [] 1.1430 FAIR (04 Dec low) |
| 90DAY 1.1685 FL | [] 1.1410 STRG (29 Nov low) |
|200DAY 1.1415 FL |[] 1.1385 FAIR (05 Dec intraday high) |
! 9 DAY RSI !============ 1.1330 (UPDATE PRICE) SGP 10 Dec 06.23 GMT |
| 25.96 (21.16) |[] 1.1265 FAIR (07 Dec intraday low) |
! TRENDS ! [] 1.1240 STRG (07 Dec low) |
| MAJOR FLAT | [] 1.1225 FAIR (01 Aug high) |
| MINOR DOWN | [] [1.1190] STRG (09Aug lw/nr 76.4% 1.0910-1.2080)|

INDEX
02:05 10DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXACK
![US$ Index] TEL 65 6320 3511 !
|retreated from 82.132 on 16 Aug to break Sep 1992 all-time low at 78.210 on |
|25 Sep. Losses reached 74.484 on 23 Nov, ahead of a choppy recovery. Initl |
|gains to 76.184 were followed by a higher low at 75.595 on Tues ahead of extn|
|to 76.816 on Thurs. Weakness from there needs a higher low above 75.595, |
|ideally by 76.084-76.184 to maintain bull trend for extn twrd 76.885-77.092 |
|[POSITION] LONG AT 76.342 FOR A [76.885] OBJECTIVE, STOP (76.134) |
[MOVING AVERAGES |L-TERM HIGH 121.020 06Jul01 L-TERM LOW 74.484 23Nov07 ]
| 20DAY 75.655 UP | [] [76.885] STRG (31 Oct/01 Nov highs-76.885/868) |
| 50DAY 76.708 DN | [] 76.816 STRG (06 Dec high) |
| 90DAY 78.245 DN | [] 76.661 FAIR (06 Dec intraday high) |
|200DAY 80.424 DN |[] 76.510 FAIR (07 Dec high) |
! 9 DAY RSI !============ 76.275 (UPDATE PRICE) SGP 10 Dec 07.06 GMT |
| 65.94 (68.91) |[] 76.271 FAIR (06 Dec low) |
! TRENDS ! [] (76.134) STRG (30 Nov high - 76.184) |
| MAJOR DOWN | [] 76.084 FAIR (04 Dec high) |
| MINOR UP | [] 75.963 FAIR (19 Nov high) |

Sulaiman Ben ZerQi

11-12-2007, 03:03 PM

Sulaiman Ben ZerQi

12-12-2007, 02:22 PM

Sulaiman Ben ZerQi

13-12-2007, 09:45 AM

Sulaiman Ben ZerQi

13-12-2007, 03:46 PM

STRATEGY
الإستراتيجية
اليوم الخميس التاريخ 13/12/2007 الساعة 13:30

EUR/USD

04:41 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAT
![EUR/USD] TEL 020-7017-5471 !
|corrected lower from 1.4968 (2007 high - 23 Nov) to find support at 1.4525 |
|on 06 Dec. A lower rejection then signalled strength that broke the |
|correc"ve t-line off 1.4968. Consoln below 1.4751/1.4750 (Tue/Wed high) is |
|now forming an hrly continuation pattern, and a break will focus levels at |
|1.4799/1.4859. Only a loss of support at 1.4639 questions further strength. |
|[STRATEGY] BUY AT 1.4682 FOR A [1.4799] OBJECTIVE, STOP AT (1.4635) |
[MOVING AVERAGES |L-TERM HIGH 1.4968 23NOV07 L-TERM LOW .8228 26OCT00 ]
| 20DAY 1.4733 UP | [] [1.4799] FAIR (61.8% retrace of 1.4968-1.4525) |
| 50DAY 1.4506 UP | [] 1.4771 FAIR (04/05 Dec highs - 1.4768/71) |
| 90DAY 1.4188 UP | [] 1.4751 STRG (11/12 Dec highs - 1.4751/50) |
|200DAY 1.3816 UP |[] 1.4737 FAIR (10 Dec high) |
! 9 DAY RSI !============ 1.4693 (UPDATE PRICE) LDN 13 Dec 09.38 GMT |
| 53.64 (43.13) |[] 1.4674 FAIR (07 Dec high) |
! TRENDS ! [] 1.4651 FAIR (12 Dec low) |
| MAJOR UP | [] (1.4635) STRG (10/11 Dec lows - 1.4640/39) |
| MINOR UP | [] 1.4610 FAIR (07 Dec intraday low) |

GBP/USD
03:27 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAW
![GBP/USD] TEL 020-7017-5474 !
|surged upwards from Tue-Wed's 2.0330-40 lows and probed the upper trendline |
|off a potential 5-week descending wedge at 2.0583. A corrective pullback has|
|followed and a higher low is now sought above 2.0370 (12 Dec intraday low). |
|This will set up a fresh challenge on 2.0583, where an eventual break will |
|focus the 2.0665-80 area first. Below 2.0330 needed to question strength. |
|[POSITION] LONG AT 2.0400 FOR A [2.0550] OBJECTIVE, STOP AT (2.0360). |
[MOVING AVERAGES |L-TERM HIGH 2.4546 NOV80 L-TERM LOW 1.0300 FEB85 ]
| 20DAY 2.0542 DN | [] [2.0550] FAIR (05 Dec intraday low) |
| 50DAY 2.0565 UP | [] 2.0523 FAIR (11 Dec high) |
| 90DAY 2.0376 UP | [] 2.0504 FAIR (12 Dec intraday high) |
|200DAY 2.0130 UP |[] 2.0492 FAIR (12 Dec intraday high) |
! 9 DAY RSI !============ 2.0390 (UPDATE PRICE) LDN 13 Dec 08.27 GMT |
| 52.29 (38.99) |[] 2.0389 FAIR (12 Dec intraday low) |
! TRENDS ! [] (2.0360) STRG (12 Dec intraday low - 2.0370) |
| MAJOR UP | [] 2.0347 FAIR (07 Dec hgh/tdy id low-2.0347/51)|
| MINOR UP | [] 2.0330 STRG (11/12 Dec lows - 2.0330/40) |

USD/JPY

05:30 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAU
![USD/JPY] TEL 020-7017-5474 !
|extended gains off 107.22 (2007 low - 26 Nov) to reach 112.48 yesterday. |
|Tue's key lower rejection at 110.48 confirmed the underlying bull tone and |
|further near-term strength is anticipated towards levels at 112.89/113.38. |
|Current ease of 112.48 to post a higher low around 111.48-50. Studies |
|confirm/support the markets bullish structure. |
|[POSITION] LONG AT 111.50 FOR A [112.89] OBJECTIVE, STOP AT (111.15). |
[MOVING AVERAGES |L-TERM HIGH 307.00 DEC75 L-TERM LOW 79.75 APR95 ]
| 20DAY 110.12 UP | [] [112.89] FAIR (09 Nov high) |
| 50DAY 112.93 DN | [] 112.58 STRG (50% of 117.95-107.22 decline) |
| 90DAY 114.11 DN | [] 112.48 FAIR (12 Dec high) |
|200DAY 117.52 DN |[] 112.15 FAIR (11 Dec high) |
! 9 DAY RSI !============ 111.61 (UPDATE PRICE) LDN 13 Dec 10.28 GMT |
| 67.18 (47.13) |[] 111.35 FAIR (10 Dec low) |
! TRENDS ! [] (111.15) FAIR (61.8% of 110.48-112.48 = 111.24)|
| MAJOR FLAT | [] 110.93 FAIR (12 Dec intraday low) |
| MINOR UP | [] 110.80 FAIR (12 Dec intraday low) |

USD/CHF
04:45 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAV
![USD/CHF] TEL 020-7017-5474 !
|extended bear cycle from 1.1895 (09 Oct lower top) to reach 1.0889 in late |
|Nov (all-time low). A reversal then formed and a steady recovery has |
|followed. 1.1402 was reached on Wed ahead of the current minor ease. |
|Studies remain constructive and a higher low is now poss in place at 1.1298 |
|for a fresh push higher toward 1.1422-1.1449. Below 1.1275 defers. |
|[POSITION] LONG AT 1.1310 FOR A [1.1422] OBJECTIVE, STOP AT (1.1270) |
[MOVING AVERAGES |L-TERM HIGH 2.9290 FEB85 L-TERM LOW 1.0889 23NOV07 ]
| 20DAY 1.1177 UP | [] 1.1449 FAIR (07 Nov high) |
| 50DAY 1.1443 UP | [] [1.1422] FAIR (06 Nov low) |
| 90DAY 1.1659 UP | [] 1.1402 FAIR (12 Dec high) |
|200DAY 1.1940 FL |[] 1.1363 STRG (06/11 Dec highs - 1.1355/63) |
! 9 DAY RSI !============ 1.1360 (UPDATE PRICE) LDN 13 Dec 09.44 GMT |
| 73.06 (61.17) |[] 1.1298 FAIR (today's low) |
! TRENDS ! [] (1.1270) FAIR (12 Dec low - 1.1275) |
| MAJOR DOWN | [] 1.1255 FAIR (11 Dec low) |
| MINOR UP | [] 1.1236 STRG (10 Dec low) |

USD/CAD
04:13 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAZ
![USD/CAD] TEL 020-7017-5474 !
|rebounded off .9059 (07 Nov low) to break a 2-month bear channel. 1.0215 was|
|reached on 05 Dec ahead of a setback to 1.0006 last Fri. Consolidation hase |
|followed between 1.0006 and 1.0178-1.0215, and while momentum remains |
|positive an eventual break higher will focus 1.0340 (25 July low) next. |
|Under 1.0006 risks .9975 and .9922 (03 Dec/30 Nov lows). |
|[POSITION] LONG AT 1.0080 FOR A [1.0277] INITIAL OBJ, REV STOP AT (1.0035) |
[MOVING AVERAGES |L-TERM HIGH 1.6194 21JAN02 L-TERM LOW .3597 JUL 1864 ]
| 20DAY .9960 UP | [] [1.0277] FAIR (14 Sep low) |
| 50DAY .9760 DN | [] 1.0239 FAIR (17 Sep low) |
| 90DAY 1.0037 DN | [] 1.0215 STRG (05 Dec high) |
|200DAY 1.0549 DN |[] 1.0195 FAIR (06 Dec high) |
! 9 DAY RSI !============ 1.0115 (UPDATE PRICE) LDN 13 Dec 09.10 GMT |
| 66.09 (69.99) |[] 1.0085 STRG (05 Dec low) |
! TRENDS ! [] 1.0055 FAIR (27 Sep high) |
| MAJOR DOWN | [] (1.0035) STRG (11 Dec low - 1.0040) |
| MINOR UP | [] 1.0020 FAIR (30 Nov high) |

AUD/USD
03:49 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABA
![AUD/USD] TEL 020 7017 5476 !
|retreated from .9401 (07 Nov's long-term high) to .8652 on 21 Nov. Bounce |
|from there to .8923 on 28 Nov was followed by a retreat to .8660 last Weds, |
|ahead of a steady rise to .8896 Tues. A sharp reversal to .8710 has been |
|followed by a steady rise, exceeding .8896 to reach .8908. .8790 (nr 61.8% |
|retrace .8710-.8908) buoys for an extension to .8923-55, .8977-97 further out|
|[POSITION] LONG AT .8820 FOR A [.8923] OBJECTIVE, STOP (.8775) |
[MOVING AVERAGES |L-TERM HIGH 1.1310 JAN82 L-TERM LOW .4775 02APR01 ]
| 20DAY .8794 DN | [] [.8923] STRG (28 Nov high) |
| 50DAY .8948 FL | [] .8908 FAIR (29 Nov/12 Dec highs - .8905/08) |
| 90DAY .8700 UP | [] .8896 FAIR (30 Nov/11 Dec highs - .8894/96) |
| 200DAY .8504 UP |[] .8870 FAIR (today's high) |
! 9 DAY RSI !============ .8805 (UPDATE PRICE) LDN 13 Dec 08.43 GMT |
| 55.51 (40.54) |[] (.8775) FAIR (10/12 Dec id lo/hgh-.8786/85) |
! TRENDS ! [] .8749 FAIR (12 Dec intraday low) |
| MAJOR UP | [] .8710 STRG (04 Dec/11 Dec lows) |
| MINOR FLAT | [] .8691 FAIR (06 Dec low) |
NZD/USD
04:00 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABB
![NZD/USD] TEL 020 7017 5476 !
|reached .7893 on 07 Nov, followed by a retreat to .7436 and then an initial |
|recovery to .7676 (14 Nov), with 21 Nov higher low at .7457 setting up |
|renewed strength. A brief slide to .7715 has been followed by a push higher |
|to exceed .7858 and .7893, reaching .7937 so far. A higher low by .7807-19 |
|may open .7945-.8027 over coming days. |
|[POSITION] LONG AT .7835 FOR A [.7956] OBJECTIVE, STOP AT (.7797). |
[MOVING AVERAGES |L-TERM HIGH .8270 10JUN82 L-TERM LOW .3898 18OCT00 ]
| 20DAY .7652 UP | [] [.7956] FAIR (26 Jul intraday high) |
| 50DAY .7633 UP | [] .7937 STRG (12 Dec high) |
| 90DAY .7440 UP | [] .7910 FAIR (12 Dec intraday high) |
| 200DAY .7447 UP |[] .7898 FAIR (12 Dec intraday high) |
! 9 DAY RSI !============ .7849 (UPDATE PRICE) LDN 13 Dec 08.59 GMT |
| 70.39 (59.23) |[] .7820 FAIR (10Dec high/12Dec id lw-.7820/22)|
! TRENDS ! [] (.7797) FAIR (12 Dec intraday high - .7800) |
| MAJOR UP | [] .7775 FAIR (12 Dec intraday low) |
| MINOR UP | [] .7753 FAIR (10 Dec intraday low) |

OIL
03:29 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADI
![NYMEX OIL JAN 08] TEL 65 6320 3515 !
|Upside break of 90.73 (6 Dec high, also near 38.2% of 99.29/85.92 fall) |
|confirmed bullish reversal of 7-day diamond consolidation pattern. Bull |
|extended to capture the 94.26 min target (89.35 breakout point plus 6 Dec |
|range equals min. pattern obj). Further gains above 95.17/95.22 would reveal |
|96.16 (near 76.4% retrace). 92.50 should limit dips; below delays to 91.71. |
|[STRATEGY] LONG @ 89.35 FOR REV'D [95.17], RAISED STOP BELOW (92.95). |
[M.A. | |12 Dec HI 94.85 LO 89.26 CL 94.39 ]
| 9DAY 89.40 UP | [] 96.80 FAIR (27 Nov intraday high) |
| 18DAY 92.24 UP | [] 96.16 STRG (former low, 23 Nov) |
| 30DAY 92.79 UP | [] 95.22 STRG (28 Nov 2007 high) |
| 9 DAY RSI |[] [95.17] FAIR (29 Nov 2007 high) |
! 60.81 (47.51) !============ 93.94 (UPDATE PRICE) SGP 13 Dec 0828GMT |
| CONTRACT HIGH |[] 93.47 FAIR (12 Dec intraday low) |
! 99.29 21Nov07 ! [] (92.95) FAIR (12 Dec intraday low) |
| CONTRACT LOW | [] 92.50 FAIR (12 Dec former intraday high) |
| 56.25 17Jan07 | [] 91.71 FAIR (12 Nov hourly low) |

GOLD
02:23 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADJ
![ GOLD CASH] TEL 65 6320 3511 !
|Forms symmetrical triangle since 7 Nov peak @845.40. Rally from lower |
|boundary (joins 20 Nov/03 Dec low) retraced over 50% (806.80) of 5 day fall |
|from 836.70. Higher lows since 3 Dec (785/791) and today's 796.70 low offer |
|scope to 815.30 (28 Nov high), poss 822.60 (76.4% of 836.70 to 777.00). Loss |
|of 796.70 to defer higher scope ahead of 785/791. |
|[STRATEGY] BUY INTO WEAKNESS @ 804.60 FOR [822.60]. STOP BELOW (800.70) |
[M.A. |Cash |12 Dec HI 817.00 LO 796.70 CL 813.55 ]
| 9DAY 798.74 UP | [] [822.60] FAIR (76.4% of 836.70-777.00) |
| 18DAY 801.84 UP | [] 820.80 FAIR (former low, 27 Nov) |
| 30DAY 804.71 UP | [] 817.00 FAIR (12 Dec high) |
| 9 DAY RSI |[] 814.80 FAIR (12 Dec hourly high) |
! 61.99 ( 51.50) !============ 811.30 (UPDATE PRICE) SGP 13 Dec 0724GMT |
| Major High |[] 807.00 FAIR (12 Dec hourly low) |
! 850.00 18Jan80 ! [] 806.40 FAIR (12 Dec former intraday high) |
| Major Low | [] (800.70) FAIR (12 Dec hourly low) |
| 251.70 25Aug99 | [] 796.70 STRG (12 Dec session low) |

EUR/GBP
|extended gains from the 03 Dec low at .7089 through the 23 Nov top at .7216 |
|to reach a new 4 1/2 year high at .7239 last Weds. A choppy correcn lower |
|followed, reaching .7153 on Tues, within our .7146-64 ideal higher low target|
|area (50-61.8% of .7089-.7239) ahead of a rally to .7216. Setback now seen, |
|we see scope for a higher low by .7166-77 to set up a return toward .7232-39 |
|[STRATEGY] BUY AT .7179 FOR A RETURN TOWARD [.7239], STOP AT (.7161) |
[MOVING AVERAGES |L-TERM HIGH .7254 26MAY03 L-TERM LOW .5681 04MAY00 ]
| 20DAY .7170 UP | [] .7254 CRITICAL (all-time high 26 May 03) |
| 50DAY .7048 UP | [] [.7239] STRG (2007 high - 05 Dec) |
| 90DAY .6957 UP | [] .7232 FAIR (07 Dec high) |
| 200DAY .6860 UP |[] .7216 FAIR (10/11 Dec highs - .7213/16) |
! 9 DAY RSI !============ .7199 (UPDATE PRICE) LDN 12 Dec 07.33 GMT |
| 60.42 (54.41) |[] .7177 FAIR (06/10 Dec lows - .7177/79) |
! TRENDS ! [] (.7161) FAIR (05 Dec low - .7166) |
| MAJOR UP | [] .7153 STRG (04 Dec intraday/11 Dec lows) |
| MINOR UP | [] .7146 FAIR (61.8% of .7089-.7239) |

GBP/CHF
04:43 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADQ
![GBP/CHF] TEL 020 7017 5476 !
|extended losses from 25 Jul 6-yr high at 2.4970 through 21 Sep low at 2.3485,|
|and Mar's 2.3290 year low to reach 2.2600 on 23 Nov. A steady recov reached |
|2.3365 last Tues ahead of a sharp retreat to 2.2765 last Weds. Fresh recov |
|attempts were capped at 2.3275 on Tues ahead of a dip to 2.2970. Subsequent |
|rally through 2.3275 saw 2.3350, with a break of 2.3365 targeting 2.3485 |
|[STRATEGY] STAND ASIDE FOR NOW. POSSIBLY LOOKING TO SELL. |
[MOVING AVERAGES |L-TERM HIGH 10.4166 APR71 L-TERM LOW 1.7550 NOV95 ]
| 20DAY 2.2949 UP | [] 2.3460 STRG (12 Nov high) |
| 50DAY 2.3523 DN | [] 2.3395 FAIR (14 Nov high) |
| 90DAY 2.3742 DN | [] 2.3365 STRG (04/12 Dec high - 2.3365/50) |
|200DAY 2.4021 DN |[] 2.3275 FAIR (11 Dec high) |
! 9 DAY RSI !============ 2.3175 (UPDATE PRICE) LDN 13 Dec 09.43 GMT |
| 66.75 (50.44) |[] 2.3105 FAIR (10 Dec high) |
! TRENDS ! [] 2.3050 FAIR (11 Dec intraday low) |
| MAJOR FLAT | [] 2.2970 STRG (12 Dec low) |
| MINOR UP | [] 2.2925 FAIR (10 Dec intraday low) |

EUR/CHF
04:30 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADP
![EUR/CHF] TEL 020-7017-5474 !
|extended losses from 1.6828/1.6810 double top (11/29 Oct) to 1.6300 (23 Nov).|
|A steady recovery to 1.6586 (30 Nov) was followed by a dip to 1.6452 last |
|Weds. Fresh headway from there cleared 1.6586 on Mon to reach 1.6669 on |
|Tues, ahead of a sharp dip to 1.6550. A sharp rally to 1.6729 followed ahead|
|of current easing but hourly RSI positive reversal underpins for 1.6750-90. |
|[POSITION] LONG AT 1.6645 FOR A [1.6750] OBJECTIVE, STOP AT (1.6615). |
[MOVING AVERAGES |L-TERM HIGH 1.6828 11OCT07 L-TERM LOW 1.4397 21SEP01 ]
| 20DAY 1.6467 UP | [] 1.6766 FAIR (01 Nov intraday low) |
| 50DAY 1.6592 DN | [] [1.6750] STRG (05 Nov high) |
| 90DAY 1.6528 UP | [] 1.6729 FAIR (12 Dec high) |
|200DAY 1.6482 UP |[] 1.6700 FAIR (12 Dec intraday high) |
! 9 DAY RSI !============ 1.6669 (UPDATE PRICE) LDN 13 Dec 09.30 GMT |
| 81.21 (66.01) |[] 1.6643 FAIR (11 Dec intraday high/low) |
! TRENDS ! [] (1.6615) FAIR (11 Dec intraday low - 1.6625) |
| MAJOR UP | [] 1.6592 FAIR (11 Dec intraday low) |
| MINOR UP | [] 1.6570 STRG (07 Dec high) |

EUR/CAD
04:52 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADK
![EUR/CAD] TEL 020 7017 5476 !
|recovered from 07 Nov (6 yr) low at 1.3285 throu 1.4645 (May/Jul tops) to |
|1.5035 last Weds ahead of a steady retreat to 1.4650 last Fri. A move higher |
|has followed and as yet 1.4650 is unconfirmed as a lasting higher low. Latest|
|probe of 1.4925 has reduced downside risks & raises hopes of a 1.5035 |
|re-test, while below the latest higher platform around 1.4790 sours. |
|[STRATEGY] SIDELINED FOR NOW, POSSIBLY LOOKING TO BUY |
[MOVING AVERAGES |L-TERM HIGH 1.8265 04JAN99 L-TERM LOW 1.2470 26OCT00 ]
| 20DAY 1.4635 UP | [] 1.5085 STRG (03/11 May highs - 1.5095/85) |
| 50DAY 1.4140 UP | [] 1.5035 STRG (05 Dec high) |
| 90DAY 1.4220 UP | [] 1.5000 FAIR (05 Dec intraday high) |
|200DAY 1.4555 DN |[] 1.4985 FAIR (04 Dec high) |
! 9 DAY RSI !============ 1.4900 (UPDATE PRICE) LDN 13 Dec 09.51 GMT |
| 66.58 (63.98) |[] 1.4785 STRG (12 Dec low) |
! TRENDS ! [] 1.4765 FAIR (10Dec id hgh/11Dec lo-1.4765/75)|
| MAJOR DOWN | [] 1.4735 FAIR (06 Dec low) |
| MINOR FLAT | [] 1.4650 FAIR (04/07 Dec lows) |

GBP/JPY
03:25 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABG
![GBP/JPY] TEL 020-7017-5474 !
|fell from 241.35 (01 Nov high) to find suppt at 221.30 on 23 Nov. Key higher|
|lows were then posted at 221.95 and 223.75. 229.80 was reached Tues before a|
|sharp decline to 224.80 (t-line support from 221.30). Lower rejection from |
|there has has focused 231.30 next (50% of 241.35- 221.30) and 232.40 (14 Nov |
|high). Supports at 227.35 and 226.55 now buoy. |
|[POSITION] LONG AT 227.70 FOR A [231.30] OBJECTIVE, STOP AT (226.55) |
[MOVING AVERAGES |L-TERM HIGH 465.85 NOV82 L-TERM LOW 128.30 APR95 ]
| 20DAY 226.09 UP | [] [231.30] FAIR (50% of 241.35-221.30) |
| 50DAY 232.15 DN | [] 230.35 FAIR (12 Dec high) |
| 90DAY 232.39 DN | [] 229.80 STRG (11 Dec high) |
|200DAY 236.43 UP |[] 229.30 FAIR (28/30 Dec highs) |
! 9 DAY RSI !============ 227.55 (UPDATE PRICE) LDN 13 Dec 08.25 GMT |
| 62.67 (41.22) |[] 227.35 FAIR (05 Dec high - 227.35) |
! TRENDS ! [] (226.50) FAIR (12 Dec i-day low - 226.55) |
| MAJOR UP | [] 226.00 FAIR (figure support) |
| MINOR UP | [] 225.65 FAIR (12 Dec intraday low) |

GBP/AUD
05:02 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABW
![GBP/AUD] TEL 020 7017 5476 !
|reached 2.5645 (17 Aug high) bfr reversing through Jul low at 2.3110. Fall to|
|2.2185 on 29 Oct was followed by a recovery, reaching 2.3500/2.3865 (12/26 |
|Nov), retracing to 2.2790 higher low on 14 Nov. The retreat from lower top at|
|2.3680 (O5 Dec high) reversed sharply from Tue's 2.2920 to a lower top at |
|2.3360. Clearance above this level needed to delay downside retest of 2.2920.|
|[POSITION] LONG AT 2.3090 FOR AN INITIAL [2.3360] OBJECTIVE, STOP AT (2.2995)|
[MOVING AVERAGES |L-TERM HIGH 3.0380 27SEP01 L-TERM LOW 1.2840 28OCT76 ]
| 20DAY 2.3342 UP | [] 2.3415 FAIR (04 Dec/05 Dec id lows) |
| 50DAY 2.2975 UP | [] [2.3360] STRG (11 Dec high) |
| 90DAY 2.3435 DN | [] 2.3310 FAIR (12 Dec high) |
|200DAY 2.3681 DN |[] 2.3280 FAIR (10 Dec/12 Dec id highs) |
! 9 DAY RSI !============ 2.3175 (UPDATE PRICE) LDN 13 Dec 10.00 GMT |
| 44.61 (52.69) |[] 2.3005 FAIR (12 Dec low) |
! TRENDS ! [] (2.2995) STRG (07 Dec lows - 2.3010) |
| MAJOR FLAT | [] 2.2940 FAIR (11 Dec low) |
| MINOR DOWN | [] 2.2835 FAIR (19 Nov low) |

EUR/JPY
05:37 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABF
![EUR/JPY] TEL 020-7017-5474 !
|fell from 167.65 (07 Nov high) to find suppt at 158.70 on 13 Nov. Key higher|
|bases at 159.37 (27 Nov), 160.90 (04 Dec low) and 161.91 (11 Dec) have |
|underpinned the bull stucture that has seen 165.31 reached so far. Latest |
|ease now likely to post a higher low around 163.70, for the next phase higher|
|through 165.31-53 to open 166.16 first. N-term, test on 167.65-73 favoured. |
|[STRATEGY] BUY AT 163.70 FOR A [166.00] OBJECTIVE, STOP AT (162.98) |
[MOVING AVERAGES |L-TERM HIGH 169.05 23JUL07 L-TERM LOW 88.93 26OCT00 ]
| 20DAY 162.19 DN | [] [166.00] STRG (09 Nov high) |
| 50DAY 163.71 FL | [] 165.85 FAIR (08 Nov intraday high) |
| 90DAY 161.76 UP | [] 165.53 FAIR (76.4% retr of 167.65-158.70) |
|200DAY 162.23 UP |[] 165.31 STRG (12 Dec high) |
! 9 DAY RSI !============ 164.15 (UPDATE PRICE) LDN 13 Dec 10.36 GMT |
| 60.83 (47.63) |[] (162.98) FAIR (12 Dec i-day low 163.06) |
! TRENDS ! [] 162.82 STRG (12 Dec intraday low) |
| MAJOR UP | [] 162.35 STRG (07 Dec low) |
| MINOR UP | [] 162.19 FAIR (12 Dec low) |

EUR/AUD
05:15 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABV
![EUR/AUD] TEL 020 7017 5476 !
|retraced majority of 1.5475-1.7460 rise (26 Jul-17 Aug) falling to 1.5495 (01|
|Nov) ahead of a sharp recovery. This reached 1.7160 (23 Nov) before reversing|
|to 1.6540 on 03 Dec. Attempted recovery left a lower top at 1.7000 which |
|pivots current declines. Latest breach of 1.6540 dampens short term outlook. |
|Over 1.6840 needed to firm or risk is for declines twds 1.6315. |
|[STRATEGY] STAND ASIDE |
[MOVING AVERAGES |L-TERM HIGH 1.9340 04JAN99 L-TERM LOW 1.5006 05MAY00 ]
| 20DAY 1.6720 UP | [] 1.6900 FAIR (22 Nov low) |
| 50DAY 1.6195 UP | [] 1.6840 STRG (11 Dec high) |
| 90DAY 1.6300 UP | [] 1.6820 FAIR (29 Nov high) |
|200DAY 1.6250 FL |[] 1.6785 FAIR (06 Dec intraday high) |
! 9 DAY RSI !============ 1.6695 (UPDATE PRICE) LDN 13 Dec 10.15 GMT |
| 54.63 (48.91) |[] 1.6605 FAIR (04/07 Dec lows - 1.6625/05) |
! TRENDS ! [] 1.6540 STRG (03/11 Dec lows) |
| MAJOR FLAT | [] 1.6490 FAIR (12 Dec low) |
| MINOR DOWN | [] 1.6400 FAIR (27 Aug low) |

CHF/JPY
04:15 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABH
![CHF/JPY] TEL 020-7017-5474 !
|strengthened off 96.45 (22 Oct low) to reach 100.70 on 07 Nov, before |
|correcting lower to 96.80 (12 Nov low). An initial strong rebound reached |
|99.80 ahead of consoln within a broad 97.45 to 99.40-80 band. Medium-term |
|studies remain constructive and an eventual break above 99.40-80 will open |
|100.70 initially. Only below 97.45/96.80 questions strength. |
|[POSITION] LONG AT 97.90 FOR A [99.80] OBJECTIVE, STOP AT (97.65) |
[MOVING AVERAGES |L-TERM HIGH 116.60 AUG90 L-TERM LOW 58.75 07SEP00 ]
| 20DAY 98.49 DN | [] [99.80] STRG (14 Nov highs) |
| 50DAY 98.66 FL | [] 99.65 FAIR (16 Nov high) |
| 90DAY 97.86 DN | [] 99.40 STRG (10 Dec high) |
| 200DAY 98.39 UP |[] 99.25 FAIR (11 Dec high) |
! 9 DAY RSI !============ 98.50 (UPDATE PRICE) LDN 13 Dec 09.15 GMT |
| 57.42 (33.21) |[] 98.00 FAIR (figure support/12 Dec id low) |
! TRENDS ! [] (97.65) STRG (06/11 Dec lows - 97.80/70) |
| MAJOR UP | [] 97.45 STRG (04 Dec low) |
| MINOR FLAT | [] 97.00 FAIR (figure supprt) |

AUD/JPY
03:07 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABD
![AUD/JPY] TEL 020-7017-5474 !
|fell from 107.85 (2007 high, 31 Oct/01 Nov) to eventually find suppt at 93.00|
|on 26 Nov. A base then formed and recovery has followed. Tues lower |
|rejection at 96.30 confirmed the bull structure and 100.00 was reached Wed. |
|Latest correc"ve ease should now form a higher low nr 97.75 (61.8%), for |
|fresh strength to 100.40 (50% of 107.85-93.00), guards 101.10 (14 Nov). |
|[STRATEGY] BUY AT 97.75 FOR A [100.40] OBJECTIVE, STOP AT (96.95) |
[MOVING AVERAGES |L-TERM HIGH 266.40 11JUL82 L-TERM LOW 55.45 18OCT00 ]
| 20DAY 96.80 DN | [] 100.70 FAIR (09 Nov low) |
| 50DAY 101.05 DN | [] [100.40] FAIR (15 Nov high/50% 107.85-93.00) |
| 90DAY 99.20 DN | [] 100.00 STRG (12 Dec high) |
| 200DAY 99.85 UP |[] 99.40 FAIR (11 Dec high) |
! 9 DAY RSI !============ 98.00 (UPDATE PRICE) LDN 13 Dec 08.00 GMT |
| 60.98 (43.07) |[] 97.75 FAIR (12 Dec id low/nr 61.8% retrace) |
! TRENDS ! [] 97.30 FAIR (12 Dec intraday low) |
| MAJOR UP | [] (96.95) FAIR (12 Dec intrady low - 97.00) |
| MINOR UP | [] 96.80 FAIR (05 Dec high) |

CAD/JPY
04:22 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABE
![CAD/JPY] TEL 020-7017-5474 !
|fell from 125.50 (2007 high - 07 Nov) to find support at 108.15 on 27 Nov and|
|107.95 on 05 Dec. The up-swing off 107.95 reached 111.65 Mon ahead of an |
|ease that confirms a 107.95 to 112.00 range that will likely form a base. |
|Lower rejection at 108.80 Weds favours a fresh challenge on 111.65-112.00, |
|where an eventual brk will tgt 114.65 (38% retr). Under 108.80/107.95 defers.|
|[POSITION] LONG AT 109.70 FOR A [112.65] INITIAL OBJ, STOP AT (109.70) |
[MOVING AVERAGES |L-TERM HIGH 136.40 APR90 L-TERM LOW 57.80 APR95 ]
| 20DAY 110.47 DN | [] [112.65] FAIR (19 Nov intraday high) |
| 50DAY 115.73 DN | [] 112.00 STRG (28/29 Nov highs - 112.00/111.90)|
| 90DAY 113.76 DN | [] 111.45 FAIR (11 Dec/12Dec id highs-111.40/45)|
|200DAY 111.60 UP |[] 110.95 FAIR (today's intraday high) |
! 9 DAY RSI !============ 110.50 (UPDATE PRICE) LDN 13 Dec 09.22 GMT |
| 53.97 (36.87) |[] (109.70) FAIR (07 Dec/12 Dec id lows - 109.75) |
! TRENDS ! [] 109.55 FAIR (12 Dec intraday low) |
| MAJOR UP | [] 109.00 FAIR (23 Nov/12Dec lows-109.05/00) |
| MINOR FLAT | [] 108.75 STRG (06/11 Dec lows-108.75/80) |

AUD/NZD
03:31 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABC
![AUD/NZD] TEL 65 6320 3515 !
|has broken out of a year long downtrend after finding a base at 1.0910 (05 |
|Jul 2007 low) reaching 1.2080 (01 Nov high) before the recent steady setback.|
|The break of 1.1595 (20 Sep low)on 21 Nov has led to a deep retrace below |
|1.1185/90 (76.4% retrace of 1.0910-1.2080 rallly/09 Aug low), thus, exposing |
|1.1115-45 higher lows. Latest rebound from 1.1165 must break 1.1350 to firm |
|[STRATEGY] POSSIBLE LOOK TO SELL |
[MOVING AVERAGES |L-TERM HIGH 1.4270 Apr 92 L-TERM LOW 1.0435 05 Dec 05 ]
| 20DAY 1.1490 DN | [] 1.1385 FAIR (05 Dec intraday high) |
| 50DAY 1.1720 DN | [] 1.1350 STRG (10 Dec high) |
| 90DAY 1.1690 FL | [] 1.1300 STRG (12 Dec high) |
|200DAY 1.1415 FL |[] 1.1270 FAIR (12 Dec intraday high) |
! 9 DAY RSI !============ 1.1200 (UPDATE PRICE) SGP 13 Dec 08.30 GMT |
| 16.24 (24.86) |[] 1.1165 FAIR (12 Dec low) |
! TRENDS ! [] 1.1145 FAIR (02 Aug low) |
| MAJOR FLAT | [] 1.1115 STRG (30/31 Jul lows) |
| MINOR DOWN | [] 1.1050 FAIR (08 Jun low) |

INDEX
04:37 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXACK
![US$ Index] TEL 020-7017-5474 !
|retreated from 82.132 on 16 Aug to break Sep 1992 all-time low at 78.210 on |
|25 Sep. Losses reached 74.484 on 23 Nov, ahead of a choppy recovery. Initl |
|gains to 76.184 were followed by a higher low at 75.595 last Tues for an extn|
|to 76.816 last Thurs. A steady retreat then reached 75.921 on Tues before |
|rallying to 76.327. This possibly marks a lower top for return to 75.595 |
|[POSITION] SHORT AT 76.248 FOR AN INITL [75.729] OBJECTIVE, STOP AT (76.418) |
[MOVING AVERAGES |L-TERM HIGH 121.020 06Jul01 L-TERM LOW 74.484 23Nov07 ]
| 20DAY 75.690 UP | [] 76.510 STRG (07 Dec high) |
| 50DAY 76.582 DN | [] 76.456 FAIR (07 Dec intraday high) |
| 90DAY 78.107 DN | [] (76.418) FAIR (10 Dec high - 76.368) |
|200DAY 80.313 DN |[] 76.327 FAIR (11 Dec high) |
! 9 DAY RSI !============ 76.168 (UPDATE PRICE) LDN 13 Dec 09.38 GMT |
| 56.72 (61.33) |[] 75.921 STRG (11/12 Dec lows-75.921/929) |
! TRENDS ! [] 75.809 FAIR (03 Dec low) |
| MAJOR DOWN | [] [75.729] FAIR (28/30 id Nov high-75.728/729) |
| MINOR FLAT | [] 75.595 STRG (04/05 Dec lows - 75.595/627) |

Sulaiman Ben ZerQi

14-12-2007, 01:05 PM

STRATEGY
الإستراتيجية
اليوم الجمعة التاريخ 14/12/2007 الساعة 9:30

EUR/USD

04:41 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAT
![EUR/USD] TEL 020-7017-5471 !
|corrected lower from 1.4968 (2007 high - 23 Nov) to find support at 1.4525 |
|on 06 Dec. A lower rejection then signalled strength that broke the |
|correc"ve t-line off 1.4968. Consoln below 1.4751/1.4750 (Tue/Wed high) is |
|now forming an hrly continuation pattern, and a break will focus levels at |
|1.4799/1.4859. Only a loss of support at 1.4639 questions further strength. |
|[STRATEGY] BUY AT 1.4682 FOR A [1.4799] OBJECTIVE, STOP AT (1.4635) |
[MOVING AVERAGES |L-TERM HIGH 1.4968 23NOV07 L-TERM LOW .8228 26OCT00 ]
| 20DAY 1.4733 UP | [] [1.4799] FAIR (61.8% retrace of 1.4968-1.4525) |
| 50DAY 1.4506 UP | [] 1.4771 FAIR (04/05 Dec highs - 1.4768/71) |
| 90DAY 1.4188 UP | [] 1.4751 STRG (11/12 Dec highs - 1.4751/50) |
|200DAY 1.3816 UP |[] 1.4737 FAIR (10 Dec high) |
! 9 DAY RSI !============ 1.4693 (UPDATE PRICE) LDN 13 Dec 09.38 GMT |
| 53.64 (43.13) |[] 1.4674 FAIR (07 Dec high) |
! TRENDS ! [] 1.4651 FAIR (12 Dec low) |
| MAJOR UP | [] (1.4635) STRG (10/11 Dec lows - 1.4640/39) |
| MINOR UP | [] 1.4610 FAIR (07 Dec intraday low) |

GBP/USD
03:27 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAW
![GBP/USD] TEL 020-7017-5474 !
|surged upwards from Tue-Wed's 2.0330-40 lows and probed the upper trendline |
|off a potential 5-week descending wedge at 2.0583. A corrective pullback has|
|followed and a higher low is now sought above 2.0370 (12 Dec intraday low). |
|This will set up a fresh challenge on 2.0583, where an eventual break will |
|focus the 2.0665-80 area first. Below 2.0330 needed to question strength. |
|[POSITION] LONG AT 2.0400 FOR A [2.0550] OBJECTIVE, STOP AT (2.0360). |
[MOVING AVERAGES |L-TERM HIGH 2.4546 NOV80 L-TERM LOW 1.0300 FEB85 ]
| 20DAY 2.0542 DN | [] [2.0550] FAIR (05 Dec intraday low) |
| 50DAY 2.0565 UP | [] 2.0523 FAIR (11 Dec high) |
| 90DAY 2.0376 UP | [] 2.0504 FAIR (12 Dec intraday high) |
|200DAY 2.0130 UP |[] 2.0492 FAIR (12 Dec intraday high) |
! 9 DAY RSI !============ 2.0390 (UPDATE PRICE) LDN 13 Dec 08.27 GMT |
| 52.29 (38.99) |[] 2.0389 FAIR (12 Dec intraday low) |
! TRENDS ! [] (2.0360) STRG (12 Dec intraday low - 2.0370) |
| MAJOR UP | [] 2.0347 FAIR (07 Dec hgh/tdy id low-2.0347/51)|
| MINOR UP | [] 2.0330 STRG (11/12 Dec lows - 2.0330/40) |

USD/JPY

05:30 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAU
![USD/JPY] TEL 020-7017-5474 !
|extended gains off 107.22 (2007 low - 26 Nov) to reach 112.48 yesterday. |
|Tue's key lower rejection at 110.48 confirmed the underlying bull tone and |
|further near-term strength is anticipated towards levels at 112.89/113.38. |
|Current ease of 112.48 to post a higher low around 111.48-50. Studies |
|confirm/support the markets bullish structure. |
|[POSITION] LONG AT 111.50 FOR A [112.89] OBJECTIVE, STOP AT (111.15). |
[MOVING AVERAGES |L-TERM HIGH 307.00 DEC75 L-TERM LOW 79.75 APR95 ]
| 20DAY 110.12 UP | [] [112.89] FAIR (09 Nov high) |
| 50DAY 112.93 DN | [] 112.58 STRG (50% of 117.95-107.22 decline) |
| 90DAY 114.11 DN | [] 112.48 FAIR (12 Dec high) |
|200DAY 117.52 DN |[] 112.15 FAIR (11 Dec high) |
! 9 DAY RSI !============ 111.61 (UPDATE PRICE) LDN 13 Dec 10.28 GMT |
| 67.18 (47.13) |[] 111.35 FAIR (10 Dec low) |
! TRENDS ! [] (111.15) FAIR (61.8% of 110.48-112.48 = 111.24)|
| MAJOR FLAT | [] 110.93 FAIR (12 Dec intraday low) |
| MINOR UP | [] 110.80 FAIR (12 Dec intraday low) |

USD/CHF
04:45 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAV
![USD/CHF] TEL 020-7017-5474 !
|extended bear cycle from 1.1895 (09 Oct lower top) to reach 1.0889 in late |
|Nov (all-time low). A reversal then formed and a steady recovery has |
|followed. 1.1402 was reached on Wed ahead of the current minor ease. |
|Studies remain constructive and a higher low is now poss in place at 1.1298 |
|for a fresh push higher toward 1.1422-1.1449. Below 1.1275 defers. |
|[POSITION] LONG AT 1.1310 FOR A [1.1422] OBJECTIVE, STOP AT (1.1270) |
[MOVING AVERAGES |L-TERM HIGH 2.9290 FEB85 L-TERM LOW 1.0889 23NOV07 ]
| 20DAY 1.1177 UP | [] 1.1449 FAIR (07 Nov high) |
| 50DAY 1.1443 UP | [] [1.1422] FAIR (06 Nov low) |
| 90DAY 1.1659 UP | [] 1.1402 FAIR (12 Dec high) |
|200DAY 1.1940 FL |[] 1.1363 STRG (06/11 Dec highs - 1.1355/63) |
! 9 DAY RSI !============ 1.1360 (UPDATE PRICE) LDN 13 Dec 09.44 GMT |
| 73.06 (61.17) |[] 1.1298 FAIR (today's low) |
! TRENDS ! [] (1.1270) FAIR (12 Dec low - 1.1275) |
| MAJOR DOWN | [] 1.1255 FAIR (11 Dec low) |
| MINOR UP | [] 1.1236 STRG (10 Dec low) |

USD/CAD
04:13 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAZ
![USD/CAD] TEL 020-7017-5474 !
|rebounded off .9059 (07 Nov low) to break a 2-month bear channel. 1.0215 was|
|reached on 05 Dec ahead of a setback to 1.0006 last Fri. Consolidation hase |
|followed between 1.0006 and 1.0178-1.0215, and while momentum remains |
|positive an eventual break higher will focus 1.0340 (25 July low) next. |
|Under 1.0006 risks .9975 and .9922 (03 Dec/30 Nov lows). |
|[POSITION] LONG AT 1.0080 FOR A [1.0277] INITIAL OBJ, REV STOP AT (1.0035) |
[MOVING AVERAGES |L-TERM HIGH 1.6194 21JAN02 L-TERM LOW .3597 JUL 1864 ]
| 20DAY .9960 UP | [] [1.0277] FAIR (14 Sep low) |
| 50DAY .9760 DN | [] 1.0239 FAIR (17 Sep low) |
| 90DAY 1.0037 DN | [] 1.0215 STRG (05 Dec high) |
|200DAY 1.0549 DN |[] 1.0195 FAIR (06 Dec high) |
! 9 DAY RSI !============ 1.0115 (UPDATE PRICE) LDN 13 Dec 09.10 GMT |
| 66.09 (69.99) |[] 1.0085 STRG (05 Dec low) |
! TRENDS ! [] 1.0055 FAIR (27 Sep high) |
| MAJOR DOWN | [] (1.0035) STRG (11 Dec low - 1.0040) |
| MINOR UP | [] 1.0020 FAIR (30 Nov high) |

AUD/USD
03:49 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABA
![AUD/USD] TEL 020 7017 5476 !
|retreated from .9401 (07 Nov's long-term high) to .8652 on 21 Nov. Bounce |
|from there to .8923 on 28 Nov was followed by a retreat to .8660 last Weds, |
|ahead of a steady rise to .8896 Tues. A sharp reversal to .8710 has been |
|followed by a steady rise, exceeding .8896 to reach .8908. .8790 (nr 61.8% |
|retrace .8710-.8908) buoys for an extension to .8923-55, .8977-97 further out|
|[POSITION] LONG AT .8820 FOR A [.8923] OBJECTIVE, STOP (.8775) |
[MOVING AVERAGES |L-TERM HIGH 1.1310 JAN82 L-TERM LOW .4775 02APR01 ]
| 20DAY .8794 DN | [] [.8923] STRG (28 Nov high) |
| 50DAY .8948 FL | [] .8908 FAIR (29 Nov/12 Dec highs - .8905/08) |
| 90DAY .8700 UP | [] .8896 FAIR (30 Nov/11 Dec highs - .8894/96) |
| 200DAY .8504 UP |[] .8870 FAIR (today's high) |
! 9 DAY RSI !============ .8805 (UPDATE PRICE) LDN 13 Dec 08.43 GMT |
| 55.51 (40.54) |[] (.8775) FAIR (10/12 Dec id lo/hgh-.8786/85) |
! TRENDS ! [] .8749 FAIR (12 Dec intraday low) |
| MAJOR UP | [] .8710 STRG (04 Dec/11 Dec lows) |
| MINOR FLAT | [] .8691 FAIR (06 Dec low) |
NZD/USD
04:00 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABB
![NZD/USD] TEL 020 7017 5476 !
|reached .7893 on 07 Nov, followed by a retreat to .7436 and then an initial |
|recovery to .7676 (14 Nov), with 21 Nov higher low at .7457 setting up |
|renewed strength. A brief slide to .7715 has been followed by a push higher |
|to exceed .7858 and .7893, reaching .7937 so far. A higher low by .7807-19 |
|may open .7945-.8027 over coming days. |
|[POSITION] LONG AT .7835 FOR A [.7956] OBJECTIVE, STOP AT (.7797). |
[MOVING AVERAGES |L-TERM HIGH .8270 10JUN82 L-TERM LOW .3898 18OCT00 ]
| 20DAY .7652 UP | [] [.7956] FAIR (26 Jul intraday high) |
| 50DAY .7633 UP | [] .7937 STRG (12 Dec high) |
| 90DAY .7440 UP | [] .7910 FAIR (12 Dec intraday high) |
| 200DAY .7447 UP |[] .7898 FAIR (12 Dec intraday high) |
! 9 DAY RSI !============ .7849 (UPDATE PRICE) LDN 13 Dec 08.59 GMT |
| 70.39 (59.23) |[] .7820 FAIR (10Dec high/12Dec id lw-.7820/22)|
! TRENDS ! [] (.7797) FAIR (12 Dec intraday high - .7800) |
| MAJOR UP | [] .7775 FAIR (12 Dec intraday low) |
| MINOR UP | [] .7753 FAIR (10 Dec intraday low) |

OIL
03:29 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADI
![NYMEX OIL JAN 08] TEL 65 6320 3515 !
|Upside break of 90.73 (6 Dec high, also near 38.2% of 99.29/85.92 fall) |
|confirmed bullish reversal of 7-day diamond consolidation pattern. Bull |
|extended to capture the 94.26 min target (89.35 breakout point plus 6 Dec |
|range equals min. pattern obj). Further gains above 95.17/95.22 would reveal |
|96.16 (near 76.4% retrace). 92.50 should limit dips; below delays to 91.71. |
|[STRATEGY] LONG @ 89.35 FOR REV'D [95.17], RAISED STOP BELOW (92.95). |
[M.A. | |12 Dec HI 94.85 LO 89.26 CL 94.39 ]
| 9DAY 89.40 UP | [] 96.80 FAIR (27 Nov intraday high) |
| 18DAY 92.24 UP | [] 96.16 STRG (former low, 23 Nov) |
| 30DAY 92.79 UP | [] 95.22 STRG (28 Nov 2007 high) |
| 9 DAY RSI |[] [95.17] FAIR (29 Nov 2007 high) |
! 60.81 (47.51) !============ 93.94 (UPDATE PRICE) SGP 13 Dec 0828GMT |
| CONTRACT HIGH |[] 93.47 FAIR (12 Dec intraday low) |
! 99.29 21Nov07 ! [] (92.95) FAIR (12 Dec intraday low) |
| CONTRACT LOW | [] 92.50 FAIR (12 Dec former intraday high) |
| 56.25 17Jan07 | [] 91.71 FAIR (12 Nov hourly low) |

GOLD
02:23 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADJ
![ GOLD CASH] TEL 65 6320 3511 !
|Forms symmetrical triangle since 7 Nov peak @845.40. Rally from lower |
|boundary (joins 20 Nov/03 Dec low) retraced over 50% (806.80) of 5 day fall |
|from 836.70. Higher lows since 3 Dec (785/791) and today's 796.70 low offer |
|scope to 815.30 (28 Nov high), poss 822.60 (76.4% of 836.70 to 777.00). Loss |
|of 796.70 to defer higher scope ahead of 785/791. |
|[STRATEGY] BUY INTO WEAKNESS @ 804.60 FOR [822.60]. STOP BELOW (800.70) |
[M.A. |Cash |12 Dec HI 817.00 LO 796.70 CL 813.55 ]
| 9DAY 798.74 UP | [] [822.60] FAIR (76.4% of 836.70-777.00) |
| 18DAY 801.84 UP | [] 820.80 FAIR (former low, 27 Nov) |
| 30DAY 804.71 UP | [] 817.00 FAIR (12 Dec high) |
| 9 DAY RSI |[] 814.80 FAIR (12 Dec hourly high) |
! 61.99 ( 51.50) !============ 811.30 (UPDATE PRICE) SGP 13 Dec 0724GMT |
| Major High |[] 807.00 FAIR (12 Dec hourly low) |
! 850.00 18Jan80 ! [] 806.40 FAIR (12 Dec former intraday high) |
| Major Low | [] (800.70) FAIR (12 Dec hourly low) |
| 251.70 25Aug99 | [] 796.70 STRG (12 Dec session low) |

EUR/GBP
|extended gains from the 03 Dec low at .7089 through the 23 Nov top at .7216 |
|to reach a new 4 1/2 year high at .7239 last Weds. A choppy correcn lower |
|followed, reaching .7153 on Tues, within our .7146-64 ideal higher low target|
|area (50-61.8% of .7089-.7239) ahead of a rally to .7216. Setback now seen, |
|we see scope for a higher low by .7166-77 to set up a return toward .7232-39 |
|[STRATEGY] BUY AT .7179 FOR A RETURN TOWARD [.7239], STOP AT (.7161) |
[MOVING AVERAGES |L-TERM HIGH .7254 26MAY03 L-TERM LOW .5681 04MAY00 ]
| 20DAY .7170 UP | [] .7254 CRITICAL (all-time high 26 May 03) |
| 50DAY .7048 UP | [] [.7239] STRG (2007 high - 05 Dec) |
| 90DAY .6957 UP | [] .7232 FAIR (07 Dec high) |
| 200DAY .6860 UP |[] .7216 FAIR (10/11 Dec highs - .7213/16) |
! 9 DAY RSI !============ .7199 (UPDATE PRICE) LDN 12 Dec 07.33 GMT |
| 60.42 (54.41) |[] .7177 FAIR (06/10 Dec lows - .7177/79) |
! TRENDS ! [] (.7161) FAIR (05 Dec low - .7166) |
| MAJOR UP | [] .7153 STRG (04 Dec intraday/11 Dec lows) |
| MINOR UP | [] .7146 FAIR (61.8% of .7089-.7239) |

GBP/CHF
04:43 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADQ
![GBP/CHF] TEL 020 7017 5476 !
|extended losses from 25 Jul 6-yr high at 2.4970 through 21 Sep low at 2.3485,|
|and Mar's 2.3290 year low to reach 2.2600 on 23 Nov. A steady recov reached |
|2.3365 last Tues ahead of a sharp retreat to 2.2765 last Weds. Fresh recov |
|attempts were capped at 2.3275 on Tues ahead of a dip to 2.2970. Subsequent |
|rally through 2.3275 saw 2.3350, with a break of 2.3365 targeting 2.3485 |
|[STRATEGY] STAND ASIDE FOR NOW. POSSIBLY LOOKING TO SELL. |
[MOVING AVERAGES |L-TERM HIGH 10.4166 APR71 L-TERM LOW 1.7550 NOV95 ]
| 20DAY 2.2949 UP | [] 2.3460 STRG (12 Nov high) |
| 50DAY 2.3523 DN | [] 2.3395 FAIR (14 Nov high) |
| 90DAY 2.3742 DN | [] 2.3365 STRG (04/12 Dec high - 2.3365/50) |
|200DAY 2.4021 DN |[] 2.3275 FAIR (11 Dec high) |
! 9 DAY RSI !============ 2.3175 (UPDATE PRICE) LDN 13 Dec 09.43 GMT |
| 66.75 (50.44) |[] 2.3105 FAIR (10 Dec high) |
! TRENDS ! [] 2.3050 FAIR (11 Dec intraday low) |
| MAJOR FLAT | [] 2.2970 STRG (12 Dec low) |
| MINOR UP | [] 2.2925 FAIR (10 Dec intraday low) |

EUR/CHF
04:30 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADP
![EUR/CHF] TEL 020-7017-5474 !
|extended losses from 1.6828/1.6810 double top (11/29 Oct) to 1.6300 (23 Nov).|
|A steady recovery to 1.6586 (30 Nov) was followed by a dip to 1.6452 last |
|Weds. Fresh headway from there cleared 1.6586 on Mon to reach 1.6669 on |
|Tues, ahead of a sharp dip to 1.6550. A sharp rally to 1.6729 followed ahead|
|of current easing but hourly RSI positive reversal underpins for 1.6750-90. |
|[POSITION] LONG AT 1.6645 FOR A [1.6750] OBJECTIVE, STOP AT (1.6615). |
[MOVING AVERAGES |L-TERM HIGH 1.6828 11OCT07 L-TERM LOW 1.4397 21SEP01 ]
| 20DAY 1.6467 UP | [] 1.6766 FAIR (01 Nov intraday low) |
| 50DAY 1.6592 DN | [] [1.6750] STRG (05 Nov high) |
| 90DAY 1.6528 UP | [] 1.6729 FAIR (12 Dec high) |
|200DAY 1.6482 UP |[] 1.6700 FAIR (12 Dec intraday high) |
! 9 DAY RSI !============ 1.6669 (UPDATE PRICE) LDN 13 Dec 09.30 GMT |
| 81.21 (66.01) |[] 1.6643 FAIR (11 Dec intraday high/low) |
! TRENDS ! [] (1.6615) FAIR (11 Dec intraday low - 1.6625) |
| MAJOR UP | [] 1.6592 FAIR (11 Dec intraday low) |
| MINOR UP | [] 1.6570 STRG (07 Dec high) |

EUR/CAD
04:52 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADK
![EUR/CAD] TEL 020 7017 5476 !
|recovered from 07 Nov (6 yr) low at 1.3285 throu 1.4645 (May/Jul tops) to |
|1.5035 last Weds ahead of a steady retreat to 1.4650 last Fri. A move higher |
|has followed and as yet 1.4650 is unconfirmed as a lasting higher low. Latest|
|probe of 1.4925 has reduced downside risks & raises hopes of a 1.5035 |
|re-test, while below the latest higher platform around 1.4790 sours. |
|[STRATEGY] SIDELINED FOR NOW, POSSIBLY LOOKING TO BUY |
[MOVING AVERAGES |L-TERM HIGH 1.8265 04JAN99 L-TERM LOW 1.2470 26OCT00 ]
| 20DAY 1.4635 UP | [] 1.5085 STRG (03/11 May highs - 1.5095/85) |
| 50DAY 1.4140 UP | [] 1.5035 STRG (05 Dec high) |
| 90DAY 1.4220 UP | [] 1.5000 FAIR (05 Dec intraday high) |
|200DAY 1.4555 DN |[] 1.4985 FAIR (04 Dec high) |
! 9 DAY RSI !============ 1.4900 (UPDATE PRICE) LDN 13 Dec 09.51 GMT |
| 66.58 (63.98) |[] 1.4785 STRG (12 Dec low) |
! TRENDS ! [] 1.4765 FAIR (10Dec id hgh/11Dec lo-1.4765/75)|
| MAJOR DOWN | [] 1.4735 FAIR (06 Dec low) |
| MINOR FLAT | [] 1.4650 FAIR (04/07 Dec lows) |

GBP/JPY
03:25 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABG
![GBP/JPY] TEL 020-7017-5474 !
|fell from 241.35 (01 Nov high) to find suppt at 221.30 on 23 Nov. Key higher|
|lows were then posted at 221.95 and 223.75. 229.80 was reached Tues before a|
|sharp decline to 224.80 (t-line support from 221.30). Lower rejection from |
|there has has focused 231.30 next (50% of 241.35- 221.30) and 232.40 (14 Nov |
|high). Supports at 227.35 and 226.55 now buoy. |
|[POSITION] LONG AT 227.70 FOR A [231.30] OBJECTIVE, STOP AT (226.55) |
[MOVING AVERAGES |L-TERM HIGH 465.85 NOV82 L-TERM LOW 128.30 APR95 ]
| 20DAY 226.09 UP | [] [231.30] FAIR (50% of 241.35-221.30) |
| 50DAY 232.15 DN | [] 230.35 FAIR (12 Dec high) |
| 90DAY 232.39 DN | [] 229.80 STRG (11 Dec high) |
|200DAY 236.43 UP |[] 229.30 FAIR (28/30 Dec highs) |
! 9 DAY RSI !============ 227.55 (UPDATE PRICE) LDN 13 Dec 08.25 GMT |
| 62.67 (41.22) |[] 227.35 FAIR (05 Dec high - 227.35) |
! TRENDS ! [] (226.50) FAIR (12 Dec i-day low - 226.55) |
| MAJOR UP | [] 226.00 FAIR (figure support) |
| MINOR UP | [] 225.65 FAIR (12 Dec intraday low) |

GBP/AUD
05:02 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABW
![GBP/AUD] TEL 020 7017 5476 !
|reached 2.5645 (17 Aug high) bfr reversing through Jul low at 2.3110. Fall to|
|2.2185 on 29 Oct was followed by a recovery, reaching 2.3500/2.3865 (12/26 |
|Nov), retracing to 2.2790 higher low on 14 Nov. The retreat from lower top at|
|2.3680 (O5 Dec high) reversed sharply from Tue's 2.2920 to a lower top at |
|2.3360. Clearance above this level needed to delay downside retest of 2.2920.|
|[POSITION] LONG AT 2.3090 FOR AN INITIAL [2.3360] OBJECTIVE, STOP AT (2.2995)|
[MOVING AVERAGES |L-TERM HIGH 3.0380 27SEP01 L-TERM LOW 1.2840 28OCT76 ]
| 20DAY 2.3342 UP | [] 2.3415 FAIR (04 Dec/05 Dec id lows) |
| 50DAY 2.2975 UP | [] [2.3360] STRG (11 Dec high) |
| 90DAY 2.3435 DN | [] 2.3310 FAIR (12 Dec high) |
|200DAY 2.3681 DN |[] 2.3280 FAIR (10 Dec/12 Dec id highs) |
! 9 DAY RSI !============ 2.3175 (UPDATE PRICE) LDN 13 Dec 10.00 GMT |
| 44.61 (52.69) |[] 2.3005 FAIR (12 Dec low) |
! TRENDS ! [] (2.2995) STRG (07 Dec lows - 2.3010) |
| MAJOR FLAT | [] 2.2940 FAIR (11 Dec low) |
| MINOR DOWN | [] 2.2835 FAIR (19 Nov low) |

EUR/JPY
05:37 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABF
![EUR/JPY] TEL 020-7017-5474 !
|fell from 167.65 (07 Nov high) to find suppt at 158.70 on 13 Nov. Key higher|
|bases at 159.37 (27 Nov), 160.90 (04 Dec low) and 161.91 (11 Dec) have |
|underpinned the bull stucture that has seen 165.31 reached so far. Latest |
|ease now likely to post a higher low around 163.70, for the next phase higher|
|through 165.31-53 to open 166.16 first. N-term, test on 167.65-73 favoured. |
|[STRATEGY] BUY AT 163.70 FOR A [166.00] OBJECTIVE, STOP AT (162.98) |
[MOVING AVERAGES |L-TERM HIGH 169.05 23JUL07 L-TERM LOW 88.93 26OCT00 ]
| 20DAY 162.19 DN | [] [166.00] STRG (09 Nov high) |
| 50DAY 163.71 FL | [] 165.85 FAIR (08 Nov intraday high) |
| 90DAY 161.76 UP | [] 165.53 FAIR (76.4% retr of 167.65-158.70) |
|200DAY 162.23 UP |[] 165.31 STRG (12 Dec high) |
! 9 DAY RSI !============ 164.15 (UPDATE PRICE) LDN 13 Dec 10.36 GMT |
| 60.83 (47.63) |[] (162.98) FAIR (12 Dec i-day low 163.06) |
! TRENDS ! [] 162.82 STRG (12 Dec intraday low) |
| MAJOR UP | [] 162.35 STRG (07 Dec low) |
| MINOR UP | [] 162.19 FAIR (12 Dec low) |

EUR/AUD
05:15 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABV
![EUR/AUD] TEL 020 7017 5476 !
|retraced majority of 1.5475-1.7460 rise (26 Jul-17 Aug) falling to 1.5495 (01|
|Nov) ahead of a sharp recovery. This reached 1.7160 (23 Nov) before reversing|
|to 1.6540 on 03 Dec. Attempted recovery left a lower top at 1.7000 which |
|pivots current declines. Latest breach of 1.6540 dampens short term outlook. |
|Over 1.6840 needed to firm or risk is for declines twds 1.6315. |
|[STRATEGY] STAND ASIDE |
[MOVING AVERAGES |L-TERM HIGH 1.9340 04JAN99 L-TERM LOW 1.5006 05MAY00 ]
| 20DAY 1.6720 UP | [] 1.6900 FAIR (22 Nov low) |
| 50DAY 1.6195 UP | [] 1.6840 STRG (11 Dec high) |
| 90DAY 1.6300 UP | [] 1.6820 FAIR (29 Nov high) |
|200DAY 1.6250 FL |[] 1.6785 FAIR (06 Dec intraday high) |
! 9 DAY RSI !============ 1.6695 (UPDATE PRICE) LDN 13 Dec 10.15 GMT |
| 54.63 (48.91) |[] 1.6605 FAIR (04/07 Dec lows - 1.6625/05) |
! TRENDS ! [] 1.6540 STRG (03/11 Dec lows) |
| MAJOR FLAT | [] 1.6490 FAIR (12 Dec low) |
| MINOR DOWN | [] 1.6400 FAIR (27 Aug low) |

CHF/JPY
04:15 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABH
![CHF/JPY] TEL 020-7017-5474 !
|strengthened off 96.45 (22 Oct low) to reach 100.70 on 07 Nov, before |
|correcting lower to 96.80 (12 Nov low). An initial strong rebound reached |
|99.80 ahead of consoln within a broad 97.45 to 99.40-80 band. Medium-term |
|studies remain constructive and an eventual break above 99.40-80 will open |
|100.70 initially. Only below 97.45/96.80 questions strength. |
|[POSITION] LONG AT 97.90 FOR A [99.80] OBJECTIVE, STOP AT (97.65) |
[MOVING AVERAGES |L-TERM HIGH 116.60 AUG90 L-TERM LOW 58.75 07SEP00 ]
| 20DAY 98.49 DN | [] [99.80] STRG (14 Nov highs) |
| 50DAY 98.66 FL | [] 99.65 FAIR (16 Nov high) |
| 90DAY 97.86 DN | [] 99.40 STRG (10 Dec high) |
| 200DAY 98.39 UP |[] 99.25 FAIR (11 Dec high) |
! 9 DAY RSI !============ 98.50 (UPDATE PRICE) LDN 13 Dec 09.15 GMT |
| 57.42 (33.21) |[] 98.00 FAIR (figure support/12 Dec id low) |
! TRENDS ! [] (97.65) STRG (06/11 Dec lows - 97.80/70) |
| MAJOR UP | [] 97.45 STRG (04 Dec low) |
| MINOR FLAT | [] 97.00 FAIR (figure supprt) |

AUD/JPY
03:07 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABD
![AUD/JPY] TEL 020-7017-5474 !
|fell from 107.85 (2007 high, 31 Oct/01 Nov) to eventually find suppt at 93.00|
|on 26 Nov. A base then formed and recovery has followed. Tues lower |
|rejection at 96.30 confirmed the bull structure and 100.00 was reached Wed. |
|Latest correc"ve ease should now form a higher low nr 97.75 (61.8%), for |
|fresh strength to 100.40 (50% of 107.85-93.00), guards 101.10 (14 Nov). |
|[STRATEGY] BUY AT 97.75 FOR A [100.40] OBJECTIVE, STOP AT (96.95) |
[MOVING AVERAGES |L-TERM HIGH 266.40 11JUL82 L-TERM LOW 55.45 18OCT00 ]
| 20DAY 96.80 DN | [] 100.70 FAIR (09 Nov low) |
| 50DAY 101.05 DN | [] [100.40] FAIR (15 Nov high/50% 107.85-93.00) |
| 90DAY 99.20 DN | [] 100.00 STRG (12 Dec high) |
| 200DAY 99.85 UP |[] 99.40 FAIR (11 Dec high) |
! 9 DAY RSI !============ 98.00 (UPDATE PRICE) LDN 13 Dec 08.00 GMT |
| 60.98 (43.07) |[] 97.75 FAIR (12 Dec id low/nr 61.8% retrace) |
! TRENDS ! [] 97.30 FAIR (12 Dec intraday low) |
| MAJOR UP | [] (96.95) FAIR (12 Dec intrady low - 97.00) |
| MINOR UP | [] 96.80 FAIR (05 Dec high) |

CAD/JPY
04:22 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABE
![CAD/JPY] TEL 020-7017-5474 !
|fell from 125.50 (2007 high - 07 Nov) to find support at 108.15 on 27 Nov and|
|107.95 on 05 Dec. The up-swing off 107.95 reached 111.65 Mon ahead of an |
|ease that confirms a 107.95 to 112.00 range that will likely form a base. |
|Lower rejection at 108.80 Weds favours a fresh challenge on 111.65-112.00, |
|where an eventual brk will tgt 114.65 (38% retr). Under 108.80/107.95 defers.|
|[POSITION] LONG AT 109.70 FOR A [112.65] INITIAL OBJ, STOP AT (109.70) |
[MOVING AVERAGES |L-TERM HIGH 136.40 APR90 L-TERM LOW 57.80 APR95 ]
| 20DAY 110.47 DN | [] [112.65] FAIR (19 Nov intraday high) |
| 50DAY 115.73 DN | [] 112.00 STRG (28/29 Nov highs - 112.00/111.90)|
| 90DAY 113.76 DN | [] 111.45 FAIR (11 Dec/12Dec id highs-111.40/45)|
|200DAY 111.60 UP |[] 110.95 FAIR (today's intraday high) |
! 9 DAY RSI !============ 110.50 (UPDATE PRICE) LDN 13 Dec 09.22 GMT |
| 53.97 (36.87) |[] (109.70) FAIR (07 Dec/12 Dec id lows - 109.75) |
! TRENDS ! [] 109.55 FAIR (12 Dec intraday low) |
| MAJOR UP | [] 109.00 FAIR (23 Nov/12Dec lows-109.05/00) |
| MINOR FLAT | [] 108.75 STRG (06/11 Dec lows-108.75/80) |

AUD/NZD
03:31 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABC
![AUD/NZD] TEL 65 6320 3515 !
|has broken out of a year long downtrend after finding a base at 1.0910 (05 |
|Jul 2007 low) reaching 1.2080 (01 Nov high) before the recent steady setback.|
|The break of 1.1595 (20 Sep low)on 21 Nov has led to a deep retrace below |
|1.1185/90 (76.4% retrace of 1.0910-1.2080 rallly/09 Aug low), thus, exposing |
|1.1115-45 higher lows. Latest rebound from 1.1165 must break 1.1350 to firm |
|[STRATEGY] POSSIBLE LOOK TO SELL |
[MOVING AVERAGES |L-TERM HIGH 1.4270 Apr 92 L-TERM LOW 1.0435 05 Dec 05 ]
| 20DAY 1.1490 DN | [] 1.1385 FAIR (05 Dec intraday high) |
| 50DAY 1.1720 DN | [] 1.1350 STRG (10 Dec high) |
| 90DAY 1.1690 FL | [] 1.1300 STRG (12 Dec high) |
|200DAY 1.1415 FL |[] 1.1270 FAIR (12 Dec intraday high) |
! 9 DAY RSI !============ 1.1200 (UPDATE PRICE) SGP 13 Dec 08.30 GMT |
| 16.24 (24.86) |[] 1.1165 FAIR (12 Dec low) |
! TRENDS ! [] 1.1145 FAIR (02 Aug low) |
| MAJOR FLAT | [] 1.1115 STRG (30/31 Jul lows) |
| MINOR DOWN | [] 1.1050 FAIR (08 Jun low) |

INDEX
04:37 13DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXACK
![US$ Index] TEL 020-7017-5474 !
|retreated from 82.132 on 16 Aug to break Sep 1992 all-time low at 78.210 on |
|25 Sep. Losses reached 74.484 on 23 Nov, ahead of a choppy recovery. Initl |
|gains to 76.184 were followed by a higher low at 75.595 last Tues for an extn|
|to 76.816 last Thurs. A steady retreat then reached 75.921 on Tues before |
|rallying to 76.327. This possibly marks a lower top for return to 75.595 |
|[POSITION] SHORT AT 76.248 FOR AN INITL [75.729] OBJECTIVE, STOP AT (76.418) |
[MOVING AVERAGES |L-TERM HIGH 121.020 06Jul01 L-TERM LOW 74.484 23Nov07 ]
| 20DAY 75.690 UP | [] 76.510 STRG (07 Dec high) |
| 50DAY 76.582 DN | [] 76.456 FAIR (07 Dec intraday high) |
| 90DAY 78.107 DN | [] (76.418) FAIR (10 Dec high - 76.368) |
|200DAY 80.313 DN |[] 76.327 FAIR (11 Dec high) |
! 9 DAY RSI !============ 76.168 (UPDATE PRICE) LDN 13 Dec 09.38 GMT |
| 56.72 (61.33) |[] 75.921 STRG (11/12 Dec lows-75.921/929) |
! TRENDS ! [] 75.809 FAIR (03 Dec low) |
| MAJOR DOWN | [] [75.729] FAIR (28/30 id Nov high-75.728/729) |
| MINOR FLAT | [] 75.595 STRG (04/05 Dec lows - 75.595/627) |

Sulaiman Ben ZerQi

17-12-2007, 02:23 PM

Sulaiman Ben ZerQi

27-12-2007, 12:58 PM

Sulaiman Ben ZerQi

31-12-2007, 04:57 PM

STRATEGY
الإستراتيجية
اليوم الإثنين التاريخ 31/12/2007 الساعة 12:00

EUR/USD

02:20 31DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAT
![EUR/USD] TEL 020-7017-5472 !
|breached key suppt at 1.4521-25 on 14 Dec to complete month-long head/shldrs |
|top. This signalled extn of losses from 23 Nov's all-time high at 1.4968. |
|1.4310 reached on 20 Dec ahead of latest steady recovery. The clearance of |
|the former neckline at 1.4521-25 has delayed immed fears of a further retrace|
|of Aug-Nov 1.3360-1.4968 bull-leg, clearing 1.4751-71 too will be bullish |
|[STRATEGY] POSSIBLY BUY ON WEAKNESS TOWARD FORMER NECK-LINE AT 1.4521/25
[MOVING AVERAGES |L-TERM HIGH 1.4968 23NOV07 L-TERM LOW .8228 26OCT00 ]
| 20DAY 1.4546 UP | [] 1.4809 FAIR (27/29 Nov id lows) |
| 50DAY 1.4572 UP | [] 1.4786 STRG (29 id/30 Nov highs-1.4781/86) |
| 90DAY 1.4308 UP | [] 1.4771 STRG (04/05 Dec highs - 1.4768/71) |
|200DAY 1.3888 UP |[] 1.4751 STRG (11/12 Dec highs - 1.4751/50) |
! 9 DAY RSI !============ 1.4745 (UPDATE PRICE) LDN 31 Dec 07.18 GMT |
| 82.60 (76.50) |[] 1.4663 FAIR (28 Dec intraday low) |
! TRENDS ! [] 1.4640 FAIR (27 Dec high) |
| MAJOR UP | [] 1.4592 STRG (28 Dec low) |
| MINOR UP | [] 1.4560 FAIR (27 Dec intraday low) |

GBP/USD
03:03 31DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAW
![GBP/USD] TEL 020-7017-5472 !
|remains entrenched in a d-trend connecting 2.1162, 2.0833 & 2.0583 highs over|
|the past 7 weeks, having lost key suppt at the 18 Sep low at 1.9880 on 20 Dec|
|to open a min'm extn lower to 1.9743-1.9803 (21/22 Aug lows). 1.9753 met |
|last Tues ahead of latest correcn higher, as yet a lasting low not signalled,|
|but a return to former suppt at 2.0101-80 may occur before fresh falls begin |
|[STRATEGY] STAND ASIDE FOR NOW, POSSIBLY LOOK TO RE-SELL HIGHER UP |
[MOVING AVERAGES |L-TERM HIGH 2.4546 NOV80 L-TERM LOW 1.0300 FEB85 ]
| 20DAY 2.0164 DN | [] 2.0156 FAIR (19 Dec intraday high) |
| 50DAY 2.0467 DN | [] 2.0101 STRG (17 Dec low) |
| 90DAY 2.0376 DN | [] 2.0074 FAIR (19 Dec id high/nr 38% retrace) |
|200DAY 2.0162 UP |[] 2.0023 STRG (28 Dec high) |
! 9 DAY RSI !============ 1.9980 (UPDATE PRICE) LDN 31 Dec 08.00 GMT |
| 52.19 (50.67) |[] 1.9903 STRG (28 Dec low) |
! TRENDS ! [] 1.9881 FAIR (27 Dec intraday low) |
| MAJOR UP | [] 1.9850 STRG (26 Dec high/27 Dec id low) |
| MINOR DOWN | [] 1.9828 FAIR (27 Dec low) |

USD/JPY

00:59 31DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAU
![USD/JPY] TEL 65 6320 3513 !
|reverses from last Thursday's upper rejection high of 114.66 to breach higher|
|low at 112.74 (19 Dec). This signals a short-term top to complete recent |
|upleg from 109.56 (04 Dec low) and possibly the entire 107.22 upleg (26 Nov |
|low). Downside risk is tagged towards 111.41 (13 Dec low) and 111.00/110.90 |
|(approx 50% of 107.22/114.66 upleg). Reclaiming hourly 113.30 averts. |
|[STRATEGY] POSS SELL |
[MOVING AVERAGES |L-TERM HIGH 307.00 DEC75 L-TERM LOW 79.75 APR95 ]
| 20DAY 112.59 UP | [] 114.02 FAIR (28 Dec high) |
| 50DAY 112.08 DN | [] 113.57 FAIR (27 Dec prev low) |
| 90DAY 113.67 DN | [] 113.30 STRG (28 Dec intraday high) |
|200DAY 117.24 DN |[] 112.74 FAIR (19 Dec prev low) |
! 9 DAY RSI !============ 111.96 (UPDATE PRICE) SGP 31 Dec 05.59 GMT |
| 33.11 (53.13) |[] 111.41 STRG (13 Dec low) |
! TRENDS ! [] 110.93 FAIR (12 Dec intraday low) |
| MAJOR FLAT | [] 110.48 STRG (11 Dec low) |
| MINOR UP | [] 110.13 FAIR (03 Dec low) |

USD/CHF
02:49 31DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAV
![USD/CHF] TEL 020-7017-5472 !
|extended the recovery from the 1.0889 all-time low (23 Nov) to reach |
|1.1597/98 on 21/25 Dec, ahead of a reversal under the 17 Dec higher low at |
|1.1478 to complete a s-term top pattern. Between 50-61.8% of the recovery |
|has so far been retraced, failure to leave a higher low by 1.1151-77 (05 |
|Dec/14 Nov lows) will warn of a sustained period of fresh weakness |
|[STRATEGY] POSSIBLY LOOKING TO SELL INTO STRENGTH FOR AN ATTACK ON 1.1151-
[MOVING AVERAGES |L-TERM HIGH 2.9290 FEB85 L-TERM LOW 1.0889 23NOV07 ]
| 20DAY 1.1408 DN | [] 1.1375 FAIR (27 Dec low) |
| 50DAY 1.1371 DN | [] 1.1363 FAIR (11 Dec high) |
| 90DAY 1.1582 DN | [] 1.1330 FAIR (28 Dec id high) |
|200DAY 1.1899 DN |[] 1.1286 FAIR (today's high) |
! 9 DAY RSI !============ 1.1250 (UPDATE PRICE) LDN 31 Dec 07.45 GMT |
| 16.68 (27.22) |[] 1.1205 FAIR (05 Dec intraday high) |
! TRENDS ! [] 1.1177 FAIR (14 Nov/05 Dec intraday lows) |
| MAJOR DOWN | [] 1.1151 STRG (05 Dec low) |
| MINOR DOWN | [] 1.1120 FAIR (former all-time low - Apr 95) |

USD/CAD
01:00 31DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAZ
![USD/CAD] TEL 65 6320 3513 !
|extended the recovery from .9059 on 07 Nov (major new long-term low) to reach|
|1.0250 (14 Dec high), but failed to sustained a break of the 05 Dec top at |
|1.0215 before reversing. Suppt at 1.0006-07 (07/10 Dec lows) was then lost |
|to complete a 3 week top. Downside risk further retraces the .9059/1.0250 |
|rise. Below .9785 opens .9700. Over .9876 needed to improve outlook. |
|[POSITION] SHORT AT 1.0000 FOR [.9700] OBJECTIVE, STOP (.9879) |
[MOVING AVERAGES |L-TERM HIGH 1.6194 21JAN02 L-TERM LOW .3597 JUL 1864 ]
| 20DAY 1.0016 DN | [] .9954 FAIR (20 Dec low) |
| 50DAY .9803 UP | [] .9935 FAIR (24 Dec high) |
| 90DAY .9951 DN | [] (.9879) FAIR (25 Dec high - .9876) |
|200DAY 1.0447 DN |[] .9849 FAIR (28 Dec high) |
! 9 DAY RSI !============ .9779 (UPDATE PRICE) SGP 31 Dec 06.00 GMT |
| 19.37 (18.69) |[] .9756 FAIR (28 Dec low) |
! TRENDS ! [] .9743 FAIR (20 Nov low) |
| MAJOR DOWN | [] [.9700] STRG (19 Nov low) |
| MINOR DOWN | [] .9677 FAIR (14 Nov high) |

AUD/USD
01:01 31DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABA
![AUD/USD] TEL 65 6320 3511 !
|finding support off .8554 low (18 Dec) and .8538 (50% retrace of .7675/.9401 |
|upleg) to stall the decline from November's .9401 (07 Nov) peak. Current |
|recovery attempt faltered at .8792 last Thur, risking a lower top toward |
|.8554/38 support zone. However, mkt has since strengthened to resume .8908 |
|focus, above which triggers the next upleg back to .9401. |
|[STRATEGY] POSSIBLY LOOKING TO BUY |
[MOVING AVERAGES |L-TERM HIGH 1.1310 JAN82 L-TERM LOW .4775 02APR01 ]
| 20DAY .8711 DN | [] .8955 FAIR (Feb 89 peak/21 Nov hgh-.8960/55)|
| 50DAY .8880 DN | [] .8923 STRG (28 Nov high) |
| 90DAY .8762 UP | [] .8908 STRG (29 Nov/12 Dec highs - .8905/08) |
| 200DAY .8548 UP |[] .8870 FAIR (13 Dec high) |
! 9 DAY RSI !============ .8817 (UPDATE PRICE) SGP 31 Dec 06.02 GMT |
| 61.92 (71.69) |[] .8721 FAIR (28 Dec low) |
! TRENDS ! [] .8690 FAIR (06/25 Dec lows-.8691/90) |
| MAJOR UP | [] .8674 FAIR (24 Dec low) |
| MINOR UP | [] .8635 FAIR (21 Dec intraday low) |
NZD/USD
03:25 31DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABB
![NZD/USD] TEL 020-7017-5472 !
|reached .7937 on 12 Dec, highest since Jul, but failed to sustain a break of |
|the .7893 top seen on 07 Nov. A steady retreat occured from .7937, reaching |
|.7505 on 18 Dec, ahead of latest recovery phase. The clearance of .7680-95 |
|(21/17 Dec highs) delay immed fears of fresh falls in favour of .7779-98 and |
|this target is now being tested. Clearing this and .7838-58 will be bullish |
|[POSITION] SHORT AT .7768 FOR AN INITIAL [.7698] OBJECTIVE, STOP AT (.7808) |
[MOVING AVERAGES |L-TERM HIGH .8270 10JUN82 L-TERM LOW .3898 18OCT00 ]
| 20DAY .7684 UP | [] .7875 FAIR (13 Dec high) |
| 50DAY .7645 UP | [] .7858 STRG (11/14 Dec highs - .7858/55) |
| 90DAY .7506 UP | [] .7838 FAIR (14 Dec intraday high) |
| 200DAY .7487 UP |[] (.7808) FAIR (14 Dec intraday high - .7798) |
! 9 DAY RSI !============ .7763 (UPDATE PRICE) LDN 31 Dec 08.20 GMT |
| 75.37 (66.73) |[] [.7698] FAIR (26 Dec high) |
! TRENDS ! [] .7687 FAIR (28 Dec low) |
| MAJOR UP | [] .7663 FAIR (27 Dec low) |
| MINOR UP | [] .7641 STRG (26 Dec low) |

OIL
02:36 31DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADI
![NYMEX OIL FEB 08] TEL 020 7017 5459 !
|Gains extended to 97.92, just short of the 98.12 contract high, before the |
|return below 96.33, breaching rising trendline support (21/24/27 Dec lows). |
|Below Thur's 95.22 low would further delay towards 94.72 (former high, near |
|38.2% of 89.15/97.92). A clearance of 98.12 is required to ******* bulls for|
|the 98.98 Fib projection, ahead of the key 100.00 psychological level. |
|[STRATEGY] BUY LOWER. |
[M.A. | |28 Dec HI 97.92 LO 95.87 CL 96.00 ]
| 9DAY 93.27 UP | [] 98.98 FAIR (1.76 ext abv 89.15/94.72) |
| 18DAY 91.60 UP | [] 98.12 VSTRG (21 Nov contract high) |
| 30DAY 92.15 UP | [] 97.92 FAIR (28 Dec session high) |
| 9 DAY RSI |[] 97.44 FAIR (28 Dec intraday high) |
! 65.32 (69.08) !============ 96.09 (UPDATE PRICE) LDN 31 Dec 0735GMT |
| CONTRACT HIGH |[] 95.51 FAIR (27 Dec intraday low) |
! 98.12 21Nov07 ! [] 95.22 STRG (27 Dec session low) |
| CONTRACT LOW | [] 94.72 FAIR (12 Dec former high) |
| 56.58 16Jan07 | [] 94.13 FAIR (26 Dec hourly low) |

GOLD
02:44 31DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADJ
![ GOLD CASH] TEL 020 7017 5443 !
|Bullish resolution of the 7-week symmetrical triangle was confirmed with |
|capture of 817.00 (12 Dec high). Subsequent upside pressure through 836.70 |
|(26 Nov reaction high) suggests a test of the 08 Nov, 845.30 key peak. |
|Intraday support at 829.95 should limit dips. Below delays towards last |
|Friday's 824.40 low ahead of Thursday's 821.30 low. |
|[STRATEGY] LOOK TO BUY. |
[M.A. |Cash |28 Dec HI 839.80 LO 824.40 CL 838.60 ]
| 9DAY 812.79 UP | [] 855.00 FAIR (figure resistance) |
| 18DAY 806.11 UP | [] 850.00 CRITICAL(Jan 1980 all-time high) |
| 30DAY 804.36 UP | [] 849.00 FAIR (2.00 ext abv 785/817) |
| 9 DAY RSI |[] 845.40 STRG (07 Nov 2007 high) |
! 70.29 ( 65.67) !============ 841.10 (UPDATE PRICE) LDN 31 Dec 0735GMT |
| Major High |[] 837.40 FAIR (28 Dec hourly low 2007) |
! 850.00 18Jan80 ! [] 834.80 FAIR (intraday low, 28 Dec 2007) |
| Major Low | [] 831.20 FAIR (intraday low, 28 Dec 2007) |
| 251.70 25Aug99 | [] 824.40 FAIR (28 Dec 2007 low) |

EUR/GBP
03:36 31DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADT
![EUR/GBP] TEL 020-7017-5472 !
|settled into a .7089-.7114 to .7216-39 range after a hitting a 4 1/2 yr high |
|at .7239 on 05 Dec. The overall structure remained bullish and a push to new|
|long-term highs has followed. The sustained break of .7216-39 and all-time |
|high at .7254 (26 May 03) has also seen our .7280-.7322 min'm tgt (calc'd Mar|
|97 top/50% extn of (2000-2003 rise) cleared, raising hopes of .7455-80 |
|[STRATEGY] BUY AT .7326 FOR A [.7455] OBJECTIVE, STOP AT (.7304) |
[MOVING AVERAGES |L-TERM HIGH .7389 28DEC07 L-TERM LOW .5681 04MAY00 ]
| 20DAY .7216 UP | [] .7480 STRG (calcd GBP/DEM 03 Feb 97 lwr top)|
| 50DAY .7122 UP | [] [.7455] FAIR (161.8% of .6680-.7028 fm .6824) |
| 90DAY .7023 UP | [] .7400 FAIR (round figure) |
| 200DAY .6887 UP |[] .7389 FAIR (all-time high - 28 Dec) |
! 9 DAY RSI !============ .7365 (UPDATE PRICE) LDN 31 Dec 08.32 GMT |
| 90.71 (88.03) |[] .7340 FAIR (27 Dec 07 high) |
! TRENDS ! [] (.7304) STRG (26 Dec high/28 Dec low-.7314/11)|
| MAJOR UP | [] .7274 FAIR (26/27 Dec lows - .7274/79) |
| MINOR UP | [] .7254 STRG (prev all-time high - 26 May 03) |

GBP/CHF
00:36 31DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADQ
![GBP/CHF] TEL 65 6320 3511 !
|extended losses from 25 Jul 6-yr high at 2.4970 through 21 Sep low at 2.3485,|
|and Mar's 2.3290 year low to 2.2600 on 23 Nov. Recovery attempts from there |
|were capped at 2.3365/50 on 04/12 Dec, interrupted by a higher low at 2.2765 |
|on 05 Dec. 2.3350/65 has marked a lower top, 20 Dec's loss of 2.2970 (12 Dec|
|low/recovery uptrend) has triggered a return decline toward 2.2370 init'ly. |
|[STRATEGY] SELL INTO STRENGTH |
[MOVING AVERAGES |L-TERM HIGH 10.4166 APR71 L-TERM LOW 1.7550 NOV95 ]
| 20DAY 2.2993 DN | [] 2.3275 FAIR (11 Dec high) |
| 50DAY 2.3264 DN | [] 2.3090 FAIR (20 Dec high) |
| 90DAY 2.3589 DN | [] 2.3000 FAIR (21 Dec high) |
|200DAY 2.3979 DN |[] 2.2795 STRG (05Dec low/28Dec high-2.2770/95) |
! 9 DAY RSI !============ 2.2435 (UPDATE PRICE) SGP 31 Dec 05.36 GMT |
| 10.81 (19.89) |[] 2.2370 STRG (2006 low - 06 Jan) |
! TRENDS ! [] 2.2310 STRG (21/24 Mar 05 lows) |
| MAJOR FLAT | [] 2.2240 FAIR (18 Mar 05 low) |
| MINOR DOWN | [] 2.2130 STRG (11/14 Mar 05 lows 2.2135/30) |

EUR/CHF
03:44 31DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADP
![EUR/CHF] TEL 020-7017-5472 !
|extended losses from 1.6828/1.6810 double top (11/29 Oct) to 1.6300 (23 Nov).|
|An initial recovery to 1.6586 (30 Nov) was followed by a dip to 1.6452 on 05 |
|Dec ahead of a further rise, reaching 1.6729 (12 Dec high) before retreating |
|to 1.6532 (17 Dec). The bounce from there looks to have left a lower top at |
|1.6688 (last Weds), a return to 1.6532 now seen, accelerating on 1.6515 brk |
|[STRATEGY] SELL AT 1.6638 FOR A [1.6515] OBJECTIVE, STOP AT (1.6668) |
[MOVING AVERAGES |L-TERM HIGH 1.6828 11OCT07 L-TERM LOW 1.4397 21SEP01 ]
| 20DAY 1.6599 UP | [] 1.6720 FAIR (13/14 Dec 07 highs - 1.6720/15) |
| 50DAY 1.6570 DN | [] 1.6688 STRG (26/27 Dec highs - 1.6688/86) |
| 90DAY 1.6565 UP | [] (1.6668) FAIR (28 Dec high - 1.6663) |
|200DAY 1.6512 UP |[] 1.6641 FAIR (27 Dec low) |
! 9 DAY RSI !============ 1.6570 (UPDATE PRICE) LDN 31 Dec 08.42 GMT |
| 61.14 (70.16) |[] 1.6550 FAIR (18 Dec low) |
! TRENDS ! [] 1.6532 STRG (17 Dec low) |
| MAJOR UP | [] 1.6522 STRG (10 Dec low) |
| MINOR FLAT | [] [1.6515] FAIR (50% retrace of 1.6300-1.6729) |

EUR/CAD
23:30 30DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADK
![EUR/CAD] TEL 65 6320 3511 !
|extended recovery from 07 Nov (6 yr) low at 1.3285 through key resist at |
|1.4645 (May/Jul tops) to 1.5035 on 05 Dec before tracing out a s-term top. A|
|steady retreat has followed, scope exists for this to extend to a minimum of |
|1.4105-1.4200 and possibly 1.3815-1.3970 ahead of attempts to build a higher |
|low above Nov's 1.3285 extreme. |
|[POSITION] SHORT AT 1.4420 FOR A [1.4105] NEXT OBJECTIVE, STOP AT (1.4545) |
[MOVING AVERAGES |L-TERM HIGH 1.8265 04JAN99 L-TERM LOW 1.2470 26OCT00 ]
| 20DAY 1.4566 DN | [] 1.4825 FAIR (13 Dec low) |
| 50DAY 1.4284 UP | [] 1.4710 FAIR (17 Dec high) |
| 90DAY 1.4229 UP | [] 1.4610 STRG (14/18 Dec low/high - 1.4610/00) |
|200DAY 1.4484 DN |[] (1.4545) FAIR (19 Dec high - 1.4535) |
! 9 DAY RSI !============ 1.4417 (UPDATE PRICE) SGP 31 Dec 04.31 GMT |
| 60.66 (47.90) |[] 1.4255 FAIR (20 Dec low) |
! TRENDS ! [] 1.4150 FAIR (25 Dec low) |
| MAJOR DOWN | [] [1.4105] STRG (15 Nov low) |
| MINOR UP | [] 1.3970 STRG (14 Nov low) |

GBP/JPY
01:02 31DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABG
![GBP/JPY] TEL 65 6320 3511 !
|fell from 241.35 (01 Nov high) to find suppt at 221.30 on 23 Nov. A two |
|legged recovery followed to reach 230.35 on 12 Dec, ahead of a pullback to |
|223.55. Thur's gravestone doji at 228.35 high then tested 224.15, has probed|
|blw t-line suppt from 221.30. Loss of 223.55 (20 Dec low) opens up the Nov |
|low at 221.30 forming a larger top. Clearance above 228.35 needed to defer. |
|[STRATEGY] SELL AT 225.30 FOR A [222.40] INITL OBJECTIVE, STOP AT (226.55) |
[MOVING AVERAGES |L-TERM HIGH 465.85 NOV82 L-TERM LOW 128.30 APR95 ]
| 20DAY 226.74 DN | [] 227.70 FAIR (28 Dec high) |
| 50DAY 229.43 DN | [] 227.00 FAIR (figure resist) |
| 90DAY 231.64 DN | [] (226.55) FAIR (27 Dec low - 226.45) |
|200DAY 236.33 DN |[] 226.00 FAIR (06/19 Dec lows) |
! 9 DAY RSI !============ 223.63 (UPDATE PRICE) SGP 31 Dec 06.03 GMT |
| 31.13 (53.62) |[] 223.00 FAIR (figure support) |
! TRENDS ! [] 222.40 FAIR (27 Nov - intraday low) |
| MAJOR UP | [] 222.00 STRG (26/27 Nov lows - 221.95/222.00) |
| MINOR FLAT | [] 221.55 STRG (16 Aug/17 Aug intraday low) |

GBP/AUD
01:04 31DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABW
![GBP/AUD] TEL 65 6320 3511 !
|reached 2.5645 on 17 Aug before reversing through July's low at 2.3110. |
|Losses to 2.2185 on 29 Oct were followed by a recovery, leaving a lower top |
|at 2.3865 on 26 Nov before retreating to 2.2920 on 11 Dec. Recovery attempts|
|were reversed at 2.3605 (17 Dec high), weakening to match our 2.2670 min'm |
|target. Lower top will drive open 2.2610-2.2605 before possibly 2.2510. |
|[STRATEGY] SELL AT 2.2920 FOR A [2.2305] OBJECTIVE, STOP AT (2.3045) |
[MOVING AVERAGES |L-TERM HIGH 3.0380 27SEP01 L-TERM LOW 1.2840 28OCT76 ]
| 20DAY 2.3131 DN | [] 2.3270 STRG (20 Dec high) |
| 50DAY 2.3039 DN | [] 2.3200 FAIR (19 Dec low) |
| 90DAY 2.3258 DN | [] 2.3125 FAIR (21 Dec high) |
|200DAY 2.3593 DN |[] (2.3045) FAIR (20 Dec low - 2.3035) |
! 9 DAY RSI !============ 2.2655 (UPDATE PRICE) SGP 31 Dec 05.56 GMT |
| 33.84 (28.05) |[] 2.2510 STRG (02/08 Nov lows) |
! TRENDS ! [] 2.2330 STRG (1994 high - 21 Oct 94) |
| MAJOR FLAT | [] [2.2305] FAIR (07 Nov low) |
| MINOR DOWN | [] 2.2250 FAIR (31 Oct low) |

EUR/JPY
04:08 31DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABF
![EUR/JPY] TEL 020 7017 5476 !
|continues to trade below a 5-month bear trendline, with resistance near |
|167.00 following recent upswing from 161.75 higher low (20 Dec). Last |
|Friday's recovery fell shy of the previous days 166.67 high and below 165.01 |
|risks a deeper pullback towards 164.08 (26 Dec) and 163.76 (24 Dec) region. |
|Over 166.67/ 167.00 however shifts focus higher for an initial 167.65/73 |
tops.
|[STRATEGY] POSS BUY LOWER, AWAIT SIGNAL |
[MOVING AVERAGES |L-TERM HIGH 169.05 23JUL07 L-TERM LOW 88.93 26OCT00 ]
| 20DAY 163.63 UP | [] 167.28 FAIR (31 Oct high) |
| 50DAY 163.37 UP | [] 167.00 FAIR (5-mth trendline off 169.05) |
| 90DAY 162.65 UP | [] 166.67 FAIR (27 Dec high) |
|200DAY 162.72 UP |[] 166.48 FAIR (28 Dec high) |
! 9 DAY RSI !============ 164.88 (UPDATE PRICE) LDN 31 Dec 09.05 GMT |
| 64.18 (74.45) |[] 164.55 FAIR (25 Dec prev high) |
! TRENDS ! [] 163.95 FAIR (24 Dec intraday low) |
| MAJOR UP | [] 163.76 STRG (24 Dec low) |

EUR/AUD
23:27 30DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABV
![EUR/AUD] TEL 65 6320 3511 !
|rallied from 1.5495 (01 Nov) to reach 1.7160 (23 Nov), still short of a full |
|retrace of prior 1.7460-1.5495 fall. Corrections off 1.7160 have potential |
|to build a higher base, but losing nearby suppt at the 12 Dec low at 1.6490 |
|will weaken the immediate outlook, warning of a return toward 1.6165-1.6225. |
|Clearance above 1.6780-1.6840 has improved near-term scope for 1.7000. |
|[STRATEGY] STAND ASIDE, POSSIBLY LOOKING TO BUY INTO WEAKNESS |
[MOVING AVERAGES |L-TERM HIGH 1.9340 04JAN99 L-TERM LOW 1.5006 05MAY00 ]
| 20DAY 1.6693 UP | [] 1.7040 FAIR (06 Mar signif high) |
| 50DAY 1.6413 UP | [] 1.7000 STRG (05 Dec high) |
| 90DAY 1.6331 UP | [] 1.6970 FAIR (28 Nov/05 Dec id hghs-1.6960/70)|
|200DAY 1.6245 UP |[] 1.6900 FAIR (22 Nov low) |
! 9 DAY RSI !============ 1.6725 (UPDATE PRICE) SGP 31 Dec 04.28 GMT |
| 73.73 (54.77) |[] 1.6490 STRG (12 Dec low) |
! TRENDS ! [] 1.6400 FAIR (27 Aug low) |
| MAJOR FLAT | [] 1.6315 FAIR (19 Nov low) |
| MINOR FLAT | [] 1.6225 FAIR (22 Oct high) |

CHF/JPY
00:54 31DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABH
![CHF/JPY] TEL 65 6320 3511 !
|strengthened off 96.45 (22 Oct low) to reach 100.70 on 07 Nov, before |
|correcting sharply to 96.80 (12 Nov low). An initial strong rebound reached |
|99.80 ahead of consoln within a broad 97.45 to 99.40-80 band. Thur's break |
|above 99.40-80 now targets 100.70 initially. Trendline support drawn off |
|96.45 & 97.50 now supports, below which weakens the bullish structure. |
|[POSITION] LONG AT 97.90 FOR A [100.70] INITL OBJECTIVE, REV STOP AT (98.80) |
[MOVING AVERAGES |L-TERM HIGH 116.60 AUG90 L-TERM LOW 58.75 07SEP00 ]
| 20DAY 98.59 UP | [] 101.65 FAIR (20 Jul high) |
| 50DAY 98.59 UP | [] 101.30 FAIR (23 Jul high) |
| 90DAY 98.17 UP | [] [100.70] STRG (07 Nov high) |
| 200DAY 98.53 UP |[] 100.50 FAIR (09 Nov high) |
! 9 DAY RSI !============ 99.70 (UPDATE PRICE) SGP 31 Jan 05.55 GMT |
| 75.97 (74.93) |[] (98.80) FAIR (24 Dec high - 98.90) |
! TRENDS ! [] 98.40 FAIR (26 Dec low) |
| MAJOR UP | [] 98.05 FAIR (13/18 Dec lows - 98.10/05) |
| MINOR UP | [] 97.70 STRG (06/11 Dec lows - 97.80/70) |

AUD/JPY
00:47 31DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABD
![AUD/JPY] TEL 65 6320 3515 !
|fell from 107.85 (2007 high, 31 Oct/01 Nov) to eventually find support at |
|93.00 on 26 Nov. A base then formed and gradual rise off 95.25 (05 Dec) |
|reached 100.15, just below 50% of 107.85-93.00 fall, ahead of the latest |
|easing. Higher low now possibly in place for next attempt on 100.40, guards |
|61.8% retrace at 102.15. |
|[STRATEGY] STAND ASIDE FOR NOW |
[MOVING AVERAGES |L-TERM HIGH 266.40 11JUL82 L-TERM LOW 55.45 18OCT00 ]
| 20DAY 98.00 UP | [] 101.10 STRG (14 Nov high) |
| 50DAY 99.55 DN | [] 100.70 FAIR (09 Nov low) |
| 90DAY 99.60 FL | [] 100.40 FAIR (15 Nov high/50% 107.85-93.00) |
|200DAY 100.20 UP |[] 100.15 STRG (27 Dec high) |
! 9 DAY RSI !============ 98.70 (UPDATE PRICE) SGP 31 Dec 05.46 GMT |
| 45.22 (67.06) |[] 97.95 FAIR (17/18 Dec highs - 98.05/97.95) |
! TRENDS ! [] 97.80 FAIR (19 Dec high) |
| MAJOR UP | [] 97.45 FAIR (20 Dec high) |
| MINOR UP | [] 97.00 STRG (21 Dec low) |

CAD/JPY
00:54 31DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABE
![CAD/JPY] TEL 65 6320 3511 !
|fell from 125.50 (2007 high - 07 Nov) to find support at 108.15 on 27 Nov and|
|107.95 on 05 Dec. A reversal has followed on a break above 111.65-112.00. |
|116.80 was seen Thurs, just shy of 14 Nov's 117.20. An ease has followed, |
|higher low now sought to retain focus on 118.80 (61.8% retrace of 125.50- |
|107.95). Blw 113.50 (21 Dec id low/nr 38.2% retrace of 107.95-116.80) defers.|
|[STRATEGY] BUY AT 114.00 FOR A [116.80] INITL OBJECTIVE, STOP AT (113.40) |
[MOVING AVERAGES |L-TERM HIGH 136.40 APR90 L-TERM LOW 57.80 APR95 ]
| 20DAY 112.31 UP | [] 117.95 FAIR (09 Nov intraday high) |
| 50DAY 114.44 DN | [] 117.20 STRG (09 Nov low/14 Nov high) |
| 90DAY 114.34 UP | [] [116.80] FAIR (27Dec high/50% of 125.50-107.95)|
|200DAY 112.42 UP |[] 116.20 FAIR (28 Dec high) |
! 9 DAY RSI !============ 114.50 (UPDATE PRICE) SGP 31 Dec 05.54 GMT |
| 51.73 (71.36) |[] 114.00 FAIR (figure support) |
! TRENDS ! [] (113.40) FAIR (21 Dec intraday low - 113.50) |
| MAJOR UP | [] 113.05 FAIR (18 Dec high) |
| MINOR FLAT | [] 112.85 FAIR (21 Dec low) |

AUD/NZD
00:47 31DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABC
![AUD/NZD] TEL 65 6320 3515 !
|broke out of a year long downtrend after finding a base at 1.0910 (05 Jul |
|2007 low) reaching 1.2080 (01 Nov high) before recent setback. Losing 1.1595|
|(20 Sep low) on 21 Nov led to a deep retrace, reaching 1.1145 (14 Dec) ahead |
|of a rebound over 1.1350 to complete a 1.1145/55 double bottom (12/14 Dec |
|lows). Scope for recovery to extend twrd 1.1475-1.1500, poss 1.1545-1.1600 |
|[POSITION] LONG AT 1.1180 FOR A [1.1500] NEXT OBJECTIVE, STOP (1.1245) |
[MOVING AVERAGES |L-TERM HIGH 1.4270 Apr 92 L-TERM LOW 1.0435 05 Dec 05 ]
| 20DAY 1.1330 DN | [] 1.1545 FAIR (04 Dec high) |
| 50DAY 1.1610 DN | [] [1.1500] FAIR (38.2% retrace of 1.2080-1.1145) |
| 90DAY 1.1670 DN | [] 1.1475 FAIR (05 Dec high) |
|200DAY 1.1415 FL |[] 1.1420 STRG (19 Dec high) |
! 9 DAY RSI !============ 1.1350 (UPDATE PRICE) SGP 31 Dec 05.47 GMT |
| 35.84 (57.60) |[] (1.1245) STRG (21 Dec low - 1.1250) |
! TRENDS ! [] 1.1220 FAIR (17 Dec low) |
| MAJOR FLAT | [] 1.1170 FAIR (13 Dec low) |
| MINOR FLAT | [] 1.1145 STRG (02 Aug/14 Dec lows) |

INDEX
00:56 31DEC07 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXACK
![US$ Index] TEL 65 6320 3511 !
|retreated from 82.132 on 16 Aug to break Sep 1992 all-time low at 78.210 on |
|25 Sep befr reaching 74.484 on 23 Nov. 75.921 (11 Dec) higher low underpins |
|the rally through 76.816 to mark a top at 77.854 last Thurs. The loss of |
|77.270 has triggered further weakness below 76.567. Loss of 75.921 will open|
|a re-test of 74.484 next, to resume underlying bearishness. |
|[STRATEGY] SELL AT 76.715 FOR A [75.595] OBJECTIVE, STOP AT (76.846) |
[MOVING AVERAGES |L-TERM HIGH 121.020 06Jul01 L-TERM LOW 74.484 23Nov07 ]
| 20DAY 76.733 UP | [] 77.270 STRG (17/18 Dec lows - 77.270/287) |
| 50DAY 76.405 DN | [] 77.073 FAIR (27 Dec intraday low) |
| 90DAY 77.686 DN | [] (76.846) STRG (06 Dec high - 76.816) |
|200DAY 79.989 DN |[] 76.557 FAIR (27 Dec low) |
! 9 DAY RSI !============ 75.985 (UPDATE PRICE) SGP 31 Dec 05.57 GMT |
| 21.00 (41.95) |[] 75.921 STRG (11/12 Dec lows-75.921/929) |
! TRENDS ! [] 75.809 FAIR (03 Dec low) |
| MAJOR DOWN | [] 75.729 FAIR (28/30 id Nov high-75.728/729) |
| MINOR DOWN | [] [75.595] STRG (04/05 Dec lows - 75.595/627) |

Sulaiman Ben ZerQi

14-01-2008, 06:28 PM

STRATEGY
الإستراتيجية
اليوم الاثنين التاريخ 14/1/2008 الساعة 17:00

EUR/USD

09:00 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAT
![EUR/USD] TEL 212-907-5803 !
|corrected lower from the 04 Jan high at 1.4825 to reach 1.4639 last Weds |
|before heading higher. 1.4814/20 initially capped gains last Thurs/Fri, but |
|following a dip to 1.4762 last Fri a push higher through 1.4814-20 and the 04|
|Jan high at 1.4825 has followed, raising hopes of a return toward the 1.4968 |
|all-time high made on 23 Nov 07. 1.4930 offers final interim resistance |
|[POSITION] LONG AT 1.4762 FOR A [1.4968] OBJECTIVE, RAISE STOP TO (1.4845) |
[MOVING AVERAGES |L-TERM HIGH 1.4968 23NOV07 L-TERM LOW .8228 26OCT00 ]
| 20DAY 1.4576 UP | [] 1.5003 FAIR (.618 of .8228/1.3670 fm 1.1640) |
| 50DAY 1.4639 UP | [] 1.4985 FAIR (100% projection 1.4753-1.4521) |
| 90DAY 1.4425 UP | [] [1.4968] V STRG (2007/all-time high - 23 Nov) |
|200DAY 1.3955 UP |[] 1.4930 FAIR (23 Nov 07 intraday high) |
! 9 DAY RSI !============ 1.4889 (UPDATE PRICE) NY 14 Jan 14.00 GMT |
| 64.20 (71.36) |[] (1.4845) FAIR (today's intraday low - 1.4855) |
! TRENDS ! [] 1.4825 FAIR (04 Jan high) |
| MAJOR UP | [] 1.4814 FAIR (10/11 Jan highs - 1.4814/20) |
| MINOR UP | [] 1.4795 FAIR (today's intraday low) |

GBP/USD
09:00 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAW
![GBP/USD] TEL 212-907-5803 !
|remains in a d-trend connecting 2.1162, 2.0833 & 2.0583 over past 2 months, |
|having breached the key 1.9623-53 area (Jun/Aug 07 bottoms) last Weds to |
|reach 1.9483 last Fri ahead of latest bounce. A foothold is attempting to be|
|made above last Fri's 1.9618/35 highs, clearing last Thur's 1.9670 high too |
|will end immed fears of a fresh slide in favour of a 1.9764-1.9830 retest |
|[STRATEGY] SIDELINED FOR NOW, AWAITING CLEARER S-TERM SIGNALS. |
[MOVING AVERAGES |L-TERM HIGH 2.4546 NOV80 L-TERM LOW 1.0300 FEB85 ]
| 20DAY 1.9821 DN | [] 1.9708 FAIR (08 Jan intraday low) |
| 50DAY 2.0285 DN | [] 1.9674 FAIR (04/08 Jan lows - 1.9674/66) |
| 90DAY 2.0326 DN | [] 1.9670 STRG (10 Jan high) |
|200DAY 2.0163 DN |[] 1.9653 FAIR (17 Aug 07/07 Jan lows) |
! 9 DAY RSI !============ 1.9575 (UPDATE PRICE) NY 14 Jan 14.00 GMT |
| 23.43 (27.93) |[] 1.9554 FAIR (11 Jan intraday low) |
! TRENDS ! [] 1.9540 FAIR (10 Jan low) |
| MAJOR UP | [] 1.9501 FAIR (11 Jan intraday low) |
| MINOR DOWN | [] 1.9483 STRG (11 Jan low) |

USD/JPY

09:01 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAU
![USD/JPY] TEL 212-907-5803 !
|fell from 114.66 m 107.22 (27 Dec high) to reach 107.90 on 04 Jan before |
|recovering to 110.13 as a bearish wedge develeoped. Thur/Fri's loss of the |
|109.30 area completed formation that has signalled a relapse through 107.90 |
|to open 106.97-107.22 first, guards 106.50 (07 Jun 05 low). 108.14-42 should|
|now cap while only abv today's high at 108.96 firms near-term. |
|[STRATEGY] SELL @ 108.00 FOR A [106.97] OBJECTIVE, STOP AT (108.45) |
[MOVING AVERAGES |L-TERM HIGH 307.00 DEC75 L-TERM LOW 79.75 APR95 ]
| 20DAY 111.61 DN | [] 108.96 FAIR (today's high) |
| 50DAY 111.13 DN | [] 108.63 FAIR (11 Jan - prev low) |
| 90DAY 113.07 DN | [] (108.45) FAIR (14 Jan i-d high - 108.42) |
|200DAY 116.84 DN |[] 108.14 FAIR (14 Nov intraday high) |
! 9 DAY RSI !============ 107.81 (UPDATE PRICE) NY 14 Jan 14.01 GMT |
| 33.00 (37.91) |[] 107.22 V STRG (2007 low - 26 Nov) |
! TRENDS ! [] 107.08 FAIR (09 Jun 05 low) |
| MAJOR FLAT | [] [106.97] FAIR (76.4% of 101.67-124.14) |
| MINOR FLAT | [] 106.74 FAIR (08 Jun 05 intraday low) |

USD/CHF
09:01 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAV
![USD/CHF] TEL 212-907-5803 !
|has fully retraced the recovery from the 1.0889 all-time low (23 Nov) which |
|topped out at 1.1598 on 25 Dec. Initl losses to 1.1019 on 04 Jan were |
|followed by a lower top at 1.1192 last Mon/Tues, from where an extn through |
|1.1019 to slightly o/shoot 1.0889 has no occured. No immed signs of a base, |
|risk of a lower top triggering extn to 1.0835-45, accelerating on a break |
|[STRATEGY] LOWER SELL TO 1.0970 FOR A REVISED [1.0835], ADJ STOP TO (1.1020) |
[MOVING AVERAGES |L-TERM HIGH 2.9290 FEB85 L-TERM LOW 1.0886 14JAN08 ]
| 20DAY 1.1327 DN | [] (1.1020) FAIR (today's high - 1.1017) |
| 50DAY 1.1272 DN | [] 1.1005 FAIR (10 Jan low) |
| 90DAY 1.1484 DN | [] 1.0975 FAIR (11 Jan low) |
|200DAY 1.1848 DN |[] 1.0956 FAIR (26/27 Nov 07 lows) |
! 9 DAY RSI !============ 1.0922 (UPDATE PRICE) NY 14 Jan 14.01 GMT |
| 24.04 (25.23) |[] 1.0886 V STRG (a-t low-23Nov07/tdy-1.0889/86)|
! TRENDS ! [] 1.0845 STRG (2.618 1.1080-1.1005 fm 1.1041) |
| MAJOR DOWN | [] [1.0835] FAIR (2.0 of 1.2152/1.1622 fm 1.1895) |
| MINOR DOWN | [] 1.0800 FAIR (figure support) |

USD/CAD
09:00 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAZ
![USD/CAD] TEL 212-907-5803 !
|recovered from .9059 (07 Nov low) to reach 1.0250 on 14 Dec. A pullback |
|followed to .9756 on 28 Dec. A reversal developed here and recovery has |
|followed to 1.0222/17 (Fri/Mon) so far. A likely bull flag is forming here |
|for a fresh challenge on 1.0250. Through here will then focus 1.0340 (25 Jul|
|07 low). 1.0125 should now buoys advance. Only under 1.0068 brks structure. |
|[STRATEGY] BUY AT 1.0130 FOR [1.0250] INITIAL OBJECTIVE, STOP (1.0095) |
[MOVING AVERAGES |L-TERM HIGH 1.6194 21JAN02 L-TERM LOW .3597 JUL 1864 ]
| 20DAY .9975 UP | [] 1.0277 FAIR (14 Sep 07 low) |
| 50DAY .9894 UP | [] [1.0250] STRG (14 Dec 07 high) |
| 90DAY .9893 DN | [] 1.0234 FAIR (13/17 Dec 07 highs-1.0234/29) |
|200DAY 1.0370 DN |[] 1.0222 FAIR (11 Jan high) |
! 9 DAY RSI !============ 1.0176 (UPDATE PRICE) NY 14 Jan 14.00 GMT |
| 82.25 (67.62) |[] 1.0152 FAIR (10 Jan high) |
! TRENDS ! [] 1.0125 FAIR (11 Jan prev intraday high) |
| MAJOR DOWN | [] (1.0095) FAIR (below figure support) |
| MINOR UP | [] 1.0080 FAIR (07 Jan high) |

AUD/USD
08:26 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABA
![AUD/USD] TEL 020-7017-5472 !
|retreated from .9401 (07 Nov's long-term high) to .8652/.8554 on 21 Nov/18 |
|Dec, interrupted by lower top at .8923 on 28 Nov. Subsequent recovery to |
|.8848 on 03 Jan was followed by a higher low at .8683 on 07 Jan ahead of |
|latest recovery extn. .8978 initially capped gains, but fresh headway now |
|seen from a higher low at .8876. Next upside target .9054-70 |
|[STRATEGY] BUY AT .8920 FOR [.9054] NEXT OBJECTIVE, STOP AT (.8870) |
[MOVING AVERAGES |L-TERM HIGH 1.1310 JAN82 L-TERM LOW .4775 02APR01 ]
| 20DAY .8736 UP | [] .9090 FAIR (12 Nov 07 high) |
| 50DAY .8816 DN | [] .9070 STRG (14 Nov 07 high) |
| 90DAY .8827 UP | [] [.9054] FAIR (14 Nov 07 intraday high) |
| 200DAY .8582 UP |[] .9018 FAIR (15 Nov 07 high) |
! 9 DAY RSI !============ .8997 (UPDATE PRICE) LDN 14 Jan 13.24 GMT |
| 68.49 (81.43) |[] .8898 FAIR (11 Jan low) |
! TRENDS ! [] (.8870) STRG (today's low - .8876) |
| MAJOR UP | [] .8860 FAIR (09 Jan high) |
| MINOR UP | [] .8848 FAIR (03 Jan high) |
NZD/USD
08:31 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABB
![NZD/USD] TEL 020-7017-5472 !
|reached .7937 on 12 Dec, highest since Jul, but failed to sustain a break of |
|.7893 (07 Nov top). Losses from .7937 reached .7505 on 18 Dec, ahead of a |
|bounce leaving a lower top last Mon/Thurs at .7787/89. From last Mon's |
|higher low at .7612 fresh recovery attempts have followed, the clearance of |
|.7754-89 raised hopes of a return to .7910-37 and this is now under way |
|[STRATEGY] BUY ON WEAKNESS AT .7840 FOR [.7937] RETEST, STOP AT (.7790) |
[MOVING AVERAGES |L-TERM HIGH .8270 10JUN82 L-TERM LOW .3898 18OCT00 ]
| 20DAY .7673 UP | [] .7991 FAIR (.618 of .5929-.8110 from .6643) |
| 50DAY .7665 UP | [] .7956 FAIR (26 Jul 07 intraday high) |
| 90DAY .7585 UP | [] [.7937] V STRG (12 Dec 07 high) |
| 200DAY .7514 UP |[] .7912 FAIR (2008 high - today) |
! 9 DAY RSI !============ .7902 (UPDATE PRICE) LDN 14 Jan 13.26 GMT |
| 70.35 (68.33) |[] .7840 FAIR (today's intraday low) |
! TRENDS ! [] .7810 FAIR (11 Jan low) |
| MAJOR UP | [] (.7790) STRG (today's low - .7796) |
| MINOR UP | [] .7787 FAIR (31 Dec 07/03 Jan highs-.7787/89)|

OIL
08:01 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADI
![NYMEX OIL FEB 08] TEL 212 907 5804 !
|Losses extended off 97.92 (right shoulder of head & shoulders top, 97.92 LS/ |
|100.09 head) to capture the 92.35 initial target (1.0 proj 100.09/94.47 from |
|97.97). Further declines would seek 91.80 ahead of 91.14, the 61.8% retrace |
|of the 06 Dec/03 Jan rally. Only above 94.65/94.81 delays towards Thur's |
|96.24 high, near pattern neckline (resistance, joins 31 Dec/07 Jan lows). |
|[STRATEGY] LOOK TO SELL. |
[M.A. | |11 Jan HI 94.65 LO 92.31 CL 92.69 ]
| 9DAY 96.24 DN | [] 95.42 FAIR (09 Jan former low) |
| 18DAY 94.75 UP | [] 95.14 FAIR (50% of 97.97/92.31) |
| 30DAY 92.75 UP | [] 94.81 STRG (10 Jan hourly lower high) |
| 9 DAY RSI |[] 94.65 FAIR (11 Jan high) |
! 40.72 (44.37) !============ 93.93 (UPDATE PRICE) NY 14 Jan 1301GMT |
| CONTRACT HIGH |[] 92.53 FAIR (14 Jan intraday low) |
! 100.09 03Jan08 ! [] 92.31 FAIR (11 Jan low) |
| CONTRACT LOW | [] 91.80 FAIR (21 Dec hourly low) |
| 56.58 16Jan07 | [] 91.14 STRG (61.8% of 85.60/100.09) |

GOLD
09:16 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADJ
![ GOLD CASH] TEL 212 907 5804 !
|Gains through the milestone 900 level extend the m-term rally (start 785.00, |
|17 Dec) supported by rising trendline support (joins 25 Dec/02Jan/10 Jan |
|lows). Friday's 887.15 hourly range low should limit dips to retain immediate|
|scope for gains through 918.20, ahead of 953.13. Only clearance below 887.15 |
|would delay towards 876.85, near trendline support. |
|[STRATEGY] BUY DIPS FOR TARGET 935.13. |
[M.A. |Cash |11 Jan HI 898.00 LO 887.15 CL 895.50 ]
| 9DAY 868.29 UP | [] 958.00 STRG (1.0 prjn 413.0-730.0 frm 641.1) |
| 18DAY 842.33 UP | [] 935.13 FAIR (2.618 extn 777/836.70) |
| 30DAY 825.09 UP | [] 918.20 STRG (1.0 extn of 845.4-772.6) |
| 9 DAY RSI |[] 916.70 FAIR (2.000 ext 866/891.40 off 891.40)|
! 83.34 ( 82.45) !============ 907.40 (UPDATE PRICE) NY 14 Jan 1415GMT |
| Major High |[] 898.00 FAIR (11 Jan 2008 high) |
! 91*.** 14JAN08 ! [] 892.20 FAIR (today's low) |
| Major Low | [] 887.15 FAIR (11 Jan low) |
| 251.70 25Aug99 | [] 886.30 FAIR (10 Jan former intraday high) |

EUR/GBP
07:09 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADT
![EUR/GBP] TEL 020-7017-5472 !
|has made steady headway since .7239/54 (05 Dec/all-time traded high (26 May |
|03)) was cleared on 20/21 Dec, this followed consoln between .7089-.7114 and |
|.7216-39. .7493 was met 04 Jan with weakness from there having been |
|supported at .7422 last Tues ahead of extn to yet new highs. .7586 initially|
|met but signs now of an extn to .7600-20+ |
|[STRATEGY] RAISE BUY TO .7555 FOR [.7620] NEXT OBJECTIVE, RAISE STOP (.7532) |
[MOVING AVERAGES |L-TERM HIGH .7586 11JAN08 L-TERM LOW .5681 04MAY00 ]
| 20DAY .7355 UP | [] .7700 FAIR (round figure) |
| 50DAY .7220 UP | [] .7650 FAIR (mid-figure resist) |
| 90DAY .7099 UP | [] [.7620] FAIR (100% extn .7089-.7389 fm .7321) |
| 200DAY .6921 UP |[] .7600 FAIR (161.8 extn .7422-.7509 fm .7460)|
! 9 DAY RSI !============ .7588 (UPDATE PRICE) LDN 14 Jan 12.09 GMT |
| 88.19 (87.73) |[] .7546 FAIR (today's low) |
! TRENDS ! [] (.7532) FAIR (11 Jan low - .7537) |
| MAJOR UP | [] .7523 FAIR (10 Jan intraday low) |
| MINOR UP | [] .7512 FAIR (10 Jan intraday high) |

GBP/CHF
08:24 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADQ
![GBP/CHF] TEL 020-7017-5472 !
|left a lower top at 2.3365 on 04 Dec, below 25 Jul 6-yr high at 2.4970. |
|Losses from there through 2.2970/2.2765 (4 wk uptrend/05 Dec higher low) |
|triggered a break of key 2.2350-70 (May 05/Jan 06 bases), reaching 2.1800 on |
|04 Jan ahead of a bounce to 2.2140 last Tues. Subsequent loss of 2.1880 |
|signalled fresh falls, 2.1425 initially met, signs now of 2.1205-2.1320 extn |
|[POSITION] SHORT AT 2.1870 FOR A [2.1260] NEXT OBJECTIVE, STOP AT (2.1555) |
[MOVING AVERAGES |L-TERM HIGH 10.4166 APR71 L-TERM LOW 1.7550 NOV95 ]
| 20DAY 2.2450 DN | [] 2.1670 FAIR (11 Jan high) |
| 50DAY 2.2861 DN | [] 2.1575 FAIR (today's high) |
| 90DAY 2.3337 DN | [] (2.1555) FAIR (10 Jan low - 2.1545) |
|200DAY 2.3880 DN |[] 2.1520 STRG (2004 lows - 19/25Nov) |
! 9 DAY RSI !============ 2.1400 (UPDATE PRICE) LDN 14 Jan 13.22 GMT |
| 11.92 (13.80) |[] 2.1320 STRG (04Jun03 low) |
! TRENDS ! [] [2.1260] FAIR (03Jun03 low) |
| MAJOR FLAT | [] 2.1205 STRG (02Jun03 low) |
| MINOR DOWN | [] 2.1095 FAIR (old low - 05Mar) |

EUR/CHF
08:21 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADP
![EUR/CHF] TEL 020-7017-5472 !
|left a lower top at 1.6729 on 12 Dec, below 1.6828/10 11/29 Oct double top. |
|Losses from 1.6729 extended to 1.6324 04 Jan, just above the key 23 Nov low |
|at 1.6300. A bounce was reversed at 1.6450 last Tues, latest leg lower |
|breached 1.6324 last Thurs with 1.6229 having been met since then, with scope|
|for 1.6177-1.6206 (17/21 Aug 07 lows) after correcn. Above 1.6315-24 averts |
|[STRATEGY] SELL AT 1.6300 FOR A REVISED [1.6206] OBJECTIVE, STOP AT (1.6334) |
[MOVING AVERAGES |L-TERM HIGH 1.6828 11OCT07 L-TERM LOW 1.4397 21SEP01 ]
| 20DAY 1.6510 DN | [] 1.6351 STRG (11 Jan high) |
| 50DAY 1.6503 DN | [] (1.6334) FAIR (04 Jan low - 1.6324) |
| 90DAY 1.6562 DN | [] 1.6315 STRG (11 Jan/today highs) |
|200DAY 1.6519 FL |[] 1.6300 FAIR (23 Nov low) |
! 9 DAY RSI !============ 1.6260 (UPDATE PRICE) LDN 14 Jan 13.13 GMT |
| 17.19 (28.34) |[] 1.6229 FAIR (2008 low - today) |
! TRENDS ! [] 1.6214 FAIR (21 Aug 07 intraday low) |
| MAJOR UP | [] [1.6206] STRG (21 Aug 07 low) |
| MINOR DOWN | [] 1.6199 FAIR (17 Aug 07 intraday low) |

EUR/CAD
08:19 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADK
![EUR/CAD] TEL 020 7017 5476 !
|has been trading in a well defined multi year wedge. Fell to 1.3285 (07 Nov |
|low) after a false break to the downside in Q4 2007. The subsequent surge |
|higher has broken the prior downtrend reaching 1.5035 (05 Dec high). Near |
|term price action found support at 1.4150 (December low) and has since broken|
|the Dec 07 high. Initially targets 1.5180. Below 1.4150 defers |
|[STRATEGY] MISSED BUY FOR A [1.5180] OBJECTIVE. STAND ASIDE FOR NOW |
[MOVING AVERAGES |L-TERM HIGH 1.8265 04JAN99 L-TERM LOW 1.2470 26OCT00 ]
| 20DAY 1.4533 UP | [] 1.5370 FAIR (19 Apr 07 high) |
| 50DAY 1.4479 UP | [] 1.5270 FAIR (26/27 Apr 07 highs - 1.5270/70) |
| 90DAY 1.4265 UP | [] 1.5245 FAIR (30 Apr 07 high) |
|200DAY 1.4448 DN |[] 1.5180 FAIR (24/25/27Apr07 lows-1.5180/85/90 |
! 9 DAY RSI !============ 1.5175 (UPDATE PRICE) LDN 14 Jan 13.16 GMT |
| 87.98 (82.80) |[] 1.5035 STRG (05 Dec 07 high) |
! TRENDS ! [] 1.4950 FAIR (12/14 Dec 07 highs) |
| MAJOR DOWN | [] 1.4895 FAIR (11 Jan low) |
| MINOR UP | [] 1.4835 FAIR (04/09 Jan highs - 1.4825/35) |

GBP/JPY
09:13 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABG
![GBP/JPY] TEL 020-7017-5474 !
|fell from 228.35 (27 Dec high) to reach an earlier pattern obj at 213.50 on |
|04 Jan. A bounce then followed to 217.30 establishing a 213.50 to 217.30 |
|consoln, unwinding over-sold daily studies. Losing 213.50-60 support zone |
|has now completed a further bear configuration that projects the 209.50 area |
|next. Over 213.00/213.40 needed to neutralise short-term. |
|[STRATEGY] SELL 212.00 FOR A [209.55] OBJECTIVE, STOP AT (213.05) |
[MOVING AVERAGES |L-TERM HIGH 465.85 NOV82 L-TERM LOW 128.30 APR95 ]
| 20DAY 221.24 DN | [] 214.00 FAIR (11 Jan intraday high) |
| 50DAY 225.42 DN | [] 213.40 FAIR (today's high) |
| 90DAY 229.80 DN | [] (213.05) FAIR (abv figure resist) |
|200DAY 235.61 DN |[] 212.05 FAIR (11 Jan low) |
! 9 DAY RSI !============ 211.10 (UPDATE PRICE) LDN 14 Jan 14.14 GMT |
| 17.42 (22.89) |[] 210.65 STRG (12 Jul 06 low) |
! TRENDS ! [] 210.10 FAIR (11 Jul 06 low) |
| MAJOR DOWN | [] [209.55] STRG (10 Jul 06 low) |
| MINOR DOWN | [] 208.90 FAIR (30 May 06 low) |

GBP/AUD
08:15 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABW
![GBP/AUD] TEL 020 7017 5476 !
|reached 2.5645 on 17 Aug before steady losses to 2.2185 on 29 Oct were |
|followed by a recovery to a lower top at 2.3865 (26 Nov). Lower high at |
|2.3605 (17 Dec) drove losses to 2.2295 (04 Jan low). Subsequent high at |
|2.2740 then broke 2.2295 to target weekly bearish channel support near |
|2.1750. Channel support should provide strength for a recovery bounce. |
|[POSITION] LONG AT 2.1855 FOR A [2.2155] OBJECTIVE, STOP AT (2.1700) |
[MOVING AVERAGES |L-TERM HIGH 3.0380 27SEP01 L-TERM LOW 1.2840 28OCT76 ]
| 20DAY 2.2679 DN | [] 2.2240 FAIR (10 Jan high) |
| 50DAY 2.2997 DN | [] [2.2155] FAIR (09 Jan low) |
| 90DAY 2.3021 DN | [] 2.2090 FAIR (10 Jan intraday low)) |
|200DAY 2.3500 DN |[] 2.1975 FAIR (11 Jan high) |
! 9 DAY RSI !============ 2.1775 (UPDATE PRICE) LDN 14 Jan 13.13 GMT |
| 19.42 (14.12) |[] (2.1700) FAIR (2008 low - 11 Jan low/2.1745) |
! TRENDS ! [] 2.1615 FAIR (Ext 2.3680-2.2920 fm2.3605) |
| MAJOR FLAT | [] 2.1505 FAIR (Nov 95 high) |
| MINOR DOWN | [] 2.0630 FAIR (1.6 proj 2.4020-2.2435 fm2.3195)|

EUR/JPY
08:47 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABF
![EUR/JPY] TEL 020-7017-5474 !
|fell from 166.67 (27 Dec high) to eventually find suppt at 158.75 on 03 Jan. |
|A shallow corrective channel has developed and 162.30 has reached Fri, just |
|shy of 162.40 (38% of 166.56-159.75). Probing under suppt at 162.35 (lower |
|corrective channel) now resumes decline off 166.67, and opens 159.55 ahead of|
|159.37 (27 Nov 07 low). Over resist at 161.52 needed to delay. |
|[POSITION] SHORT AT 161.45 FOR [159.37] OBJECTIVE, STOP (161.05) |
[MOVING AVERAGES |L-TERM HIGH 169.05 23JUL07 L-TERM LOW 88.93 26OCT00 ]
| 20DAY 162.68 DN | [] 161.90 FAIR (11 Jan intraday high) |
| 50DAY 162.69 DN | [] 161.68 FAIR (03 Jan high) |
| 90DAY 163.06 UP | [] 161.52 FAIR (today's high) |
|200DAY 162.89 UP |[] (161.05) FAIR (abv figure resist) |
! 9 DAY RSI !============ 160.60 (UPDATE PRICE) LDN 14 Jan 13.36 GMT |
| 42.46 (55.09) |[] 159.92 FAIR (07/09 Jan lows -159.92/160.02) |
! TRENDS ! [] 159.75 STRG (03/04 Jan lows- 159.75/78) |
| MAJOR UP | [] [159.37] STRG (27 Nov 07 low) |
| MINOR DOWN | [] 159.02 FAIR (30 Aug 07 low)) |

EUR/AUD
08:22 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABV
![EUR/AUD] TEL 020 7017 5476 !
|rallied from 1.5495 (01 Nov) to reach 1.7160 (23 Nov), short of a full |
|retrace of prior 1.7460-1.5495 fall. Recent correction from 1.7160 (23 Nov |
|high) has been choppy; ranging between 1.6490 (12 Dec low) - 1.7160. A |
|breakdown below 1.6490 will end hopes for a higher platform to underpin |
|eventual retest of 1.7160, triggering setbacks to 1.6225 instead. |
|[POSITION] SHORT AT 1.6600 FOR A [1.6400] OBJECTIVE, STOP AT (1.6670) |
[MOVING AVERAGES |L-TERM HIGH 1.9340 04JAN99 L-TERM LOW 1.5006 05MAY00 ]
| 20DAY 1.6677 DN | [] 1.6820 FAIR (17/18 Dec 07 highs - 1.6810/20) |
| 50DAY 1.6602 UP | [] 1.6765 STRG (07 Jan low) |
| 90DAY 1.6341 DN | [] (1.6670) FAIR (10 Jan high - 1.6660) |
|200DAY 1.6258 UP |[] 1.6640 FAIR (08 Jan low) |
! 9 DAY RSI !============ 1.6550 (UPDATE PRICE) LDN 14 Jan 13.21 GMT |
| 37.50 (29.35) |[] 1.6505 FAIR (21 Dec 07 low) |
! TRENDS ! [] 1.6480 FAIR (11 Jan low) |
| MAJOR FLAT | [] [1.6400] FAIR (27 Aug 07 low) |
| MINOR FLAT | [] 1.6315 FAIR (19 Nov 07 low) |

CHF/JPY
08:34 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABH
![CHF/JPY] TEL 020-7017-5474 !
|strengthened off 96.45 (22 Oct low) to reach 100.70 on 07 Nov, bef correcting|
|sharply to 96.80 (12 Nov low). This has defined a multi-week consolidation. |
|Relapse from 100.30 (28 Dec high) found a foothold at 97.35 (03 Jan low), and|
|the short-term structure turned positive. 99.35 now guards 100.30 while |
|below 98.20-40 risks a re-test on 97.35. |
|[STRATEGY] STAND ASIDE |
[MOVING AVERAGES |L-TERM HIGH 116.60 AUG90 L-TERM LOW 58.75 07SEP00 ]
| 20DAY 98.51 UP | [] 100.50 FAIR (09 Nov 07 high) |
| 50DAY 98.57 DN | [] 100.00 FAIR (figure resist) |
| 90DAY 98.44 UP | [] 99.80 STRG (14 Nov 07 highs) |
| 200DAY 98.59 UP |[] 99.35 STRG (02/11 Jan high - 99.30/35) |
! 9 DAY RSI !============ 98.60 (UPDATE PRICE) LDN 14 Jan 13.35 GMT |
| 60.16 (69.35) |[] 98.40 FAIR (07/08 Jan highs) |
! TRENDS ! [] 98.20 FAIR (10 Jan low) |
| MAJOR UP | [] 97.80 FAIR (09 Jan low) |
| MINOR UP | [] 97.45 STRG (04 Dec 07 low) |

AUD/JPY
09:18 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABD
![AUD/JPY] TEL 020-7017-5474 !
|fell from 107.85 (2007 high, 31 Oct/01 Nov) to eventually find support at |
|93.00 on 26 Nov. A base then formed with a gradual rise off 95.25 (05 Dec) to|
|100.15, just below 50% of 107.85-93.00 downleg. A sell-off reached 94.40 |
|on4/7 Jan, while last Tue's break above 95.95 has triggered a recovery phase |
|focusing 98.55 (02 Jan high) bef 100.15. Below, 96.40 now underpins structure|
|[STRATEGY] AWAIT SIGNAL |
[MOVING AVERAGES |L-TERM HIGH 266.40 11JUL82 L-TERM LOW 55.45 18OCT00 ]
| 20DAY 97.50 FL | [] 98.55 STRG (2008 high - 02 Jan) |
| 50DAY 97.95 DN | [] 98.35 FAIR (10 Jan high) |
| 90DAY 99.80 UP | [] 97.85 FAIR (11 Jan intraday high) |
|200DAY 100.20 FL |[] 97.55 FAIR (today's high) |
! 9 DAY RSI !============ 97.00 (UPDATE PRICE) LDN 14 Jan 13.42 GMT |
| 53.11 (64.74) |[] 96.35 FAIR (50% retr/tdys low 96.35/40) |
! TRENDS ! [] 96.05 STRG (09 Jan intraday low) |
| MAJOR UP | [] 95.90 FAIR (61.8% retrace of 94.40-98.35) |
| MINOR UP | [] 95.60 FAIR (09 Jan low) |

CAD/JPY
08:31 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABE
![CAD/JPY] TEL 020-7017-5474 !
|fell from 125.50 (07 Nov 07 high) to find support at 108.15 & 107.95 (27 Nov/|
|05 Dec). The reversal from there reached 116.80 (50% of 125.50-107.95 |
|downleg) marking a right shoulder of a weekly head & shoulder pattern. Steep |
|correc'n followed to 107.85/108.05 neckline, breached Fri. This has triggered|
|next phase lower toward 103.40 (2007 low). Above 107.10 needed to delay. |
|[STRATEGY] SELL AT 106.90 FOR A [104.70] OBJECTIVE, STOP AT (107.90) |
[MOVING AVERAGES |L-TERM HIGH 136.40 APR90 L-TERM LOW 57.80 APR95 ]
| 20DAY 111.91 DN | [] (107.90) STRG (04 Jan low - 107.85) |
| 50DAY 112.38 DN | [] 107.75 FAIR (10 Jan low) |
| 90DAY 114.35 FL | [] 107.35 FAIR (11 Jan intraday low) |
|200DAY 112.78 UP |[] 107.10 STRG (11 Jan intraday high) |
! 9 DAY RSI !============ 105.85 (UPDATE PRICE) LDN 14 Jan 13.31 GMT |
| 19.69 (29.51) |[] 105.75 FAIR (17 Aug 07 intraday low) |
! TRENDS ! [] 105.10 FAIR (17 Aug 07 intraday low) |
| MAJOR UP | [] [104.70] FAIR (16 Aug 07 intraday low) |
| MINOR DOWN | [] 104.10 STRG (16 Aug 07 low) |

AUD/NZD
08:35 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABC
![AUD/NZD] TEL 020 7017 5476 !
|recovering off 1.1145 (14 Dec low) after a 1-1/2 month decline from 1.2080 |
|(01 Nov high). 38.2% retracement at 1.1500 completed so far on 09 Jan, ahead|
|of latest easing towards 1.1330-50 support. Unless current weakness extends |
|below 1.1250-85 higher lows, further recovery towards 1.1600/15 (30 nov 07 |
|lower top/50% retrace) is still feasible in the short term. |
|[POSITION] LONG AT 1.1180 FOR A REVISED [1.1500] OBJ, STOP AT (1.1340) |
[MOVING AVERAGES |L-TERM HIGH 1.4270 Apr 92 L-TERM LOW 1.0435 05 Dec 05 ]
| 20DAY 1.1375 UP | [] 1.1545 FAIR (04 Dec 07 high) |
| 50DAY 1.1495 DN | [] [1.1500] STRG (09 Jan high/38.2% 1.2080-1.1145)|
| 90DAY 1.1635 DN | [] 1.1460 FAIR (31 Dec 07 high) |
|200DAY 1.1420 FL |[] 1.1435 FAIR (10/11 Jan highs) |
! 9 DAY RSI !============ 1.1390 (UPDATE PRICE) LDN 14 Jan 13.30 GMT |
| 42.79 (49.92) |[] (1.1340) FAIR (11 Jan low - 1.1350) |
! TRENDS ! [] 1.1330 FAIR (03/07 Jan lows) |
| MAJOR FLAT | [] 1.1285 FAIR (30 Dec 07 low) |
| MINOR FLAT | [] 1.1250 STRG (21 Dec 07 low) |

INDEX
09:00 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXACK
![US$ Index] TEL 212-907-5803 !
|retreated from 82.132 on 16 Aug to break Sep 1992 all-time low at 78.210 on |
|25 Sep. Losses reached 74.484 on 23 Nov, ahead of a choppy recovery to |
|77.854 (19 Dec). The subsequent dip to 75.429 (04 Jan) was followed by a |
|corrective recovery to 76.517 last Thurs ahead of latest extn lower. Today's|
|loss of 75.429 raises fears of an extn lower toward 75.076-75.126 |
|[STRATEGY] SELL AT 75.782 FOR A [75.126] OBJECTIVE, STOP AT (75.982) |
[MOVING AVERAGES |L-TERM HIGH 121.020 06Jul01 L-TERM LOW 74.484 23Nov07 ]
| 20DAY 76.716 DN | [] 76.061 STRG (11 Jan high) |
| 50DAY 76.186 DN | [] 76.016 FAIR (today's high) |
| 90DAY 77.211 DN | [] (75.982) STRG (today's intraday high - 75.932) |
|200DAY 79.674 DN |[] 75.786 FAIR (11 Jan low) |
! 9 DAY RSI !============ 75.510 (UPDATE PRICE) NY 14 Jan 14.00 GMT |
| 41.06 (37.57) |[] 75.315 FAIR (29 Nov 07 intraday high) |
! TRENDS ! [] 75.229 FAIR (23/27 Nov 07 highs - 75.229/243)|
| MAJOR DOWN | [] [75.126] FAIR (29 Nov 07 low) |
| MINOR DOWN | [] 75.076 STRG (28 Nov 07 low) |

Sulaiman Ben ZerQi

15-01-2008, 03:44 PM

شركـة وفـرة للوسـاطـة المـاليـــة

WAFRA FINANCIAL BROKERAGE CO.

STRATEGY
الإستراتيجية
اليوم
الثلاثاء
التاريخ
15/1/2008
الساعة
9:00

EUR/USD
09:00 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAT
![EUR/USD] TEL 212-907-5803 !
|corrected lower from the 04 Jan high at 1.4825 to reach 1.4639 last Weds |
|before heading higher. 1.4814/20 initially capped gains last Thurs/Fri, but |
|following a dip to 1.4762 last Fri a push higher through 1.4814-20 and the 04|
|Jan high at 1.4825 has followed, raising hopes of a return toward the 1.4968 |
|all-time high made on 23 Nov 07. 1.4930 offers final interim resistance |
|[POSITION] LONG AT 1.4762 FOR A [1.4968] OBJECTIVE, RAISE STOP TO (1.4845) |
[MOVING AVERAGES |L-TERM HIGH 1.4968 23NOV07 L-TERM LOW .8228 26OCT00 ]
| 20DAY 1.4576 UP | [] 1.5003 FAIR (.618 of .8228/1.3670 fm 1.1640) |
| 50DAY 1.4639 UP | [] 1.4985 FAIR (100% projection 1.4753-1.4521) |
| 90DAY 1.4425 UP | [] [1.4968] V STRG (2007/all-time high - 23 Nov) |
|200DAY 1.3955 UP |[] 1.4930 FAIR (23 Nov 07 intraday high) |
! 9 DAY RSI !============ 1.4889 (UPDATE PRICE) NY 14 Jan 14.00 GMT |
| 64.20 (71.36) |[] (1.4845) FAIR (today's intraday low - 1.4855) |
! TRENDS ! [] 1.4825 FAIR (04 Jan high) |
| MAJOR UP | [] 1.4814 FAIR (10/11 Jan highs - 1.4814/20) |
| MINOR UP | [] 1.4795 FAIR (today's intraday low) |

GBP/USD
09:00 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAW
![GBP/USD] TEL 212-907-5803 !
|remains in a d-trend connecting 2.1162, 2.0833 & 2.0583 over past 2 months, |
|having breached the key 1.9623-53 area (Jun/Aug 07 bottoms) last Weds to |
|reach 1.9483 last Fri ahead of latest bounce. A foothold is attempting to be|
|made above last Fri's 1.9618/35 highs, clearing last Thur's 1.9670 high too |
|will end immed fears of a fresh slide in favour of a 1.9764-1.9830 retest |
|[STRATEGY] SIDELINED FOR NOW, AWAITING CLEARER S-TERM SIGNALS. |
[MOVING AVERAGES |L-TERM HIGH 2.4546 NOV80 L-TERM LOW 1.0300 FEB85 ]
| 20DAY 1.9821 DN | [] 1.9708 FAIR (08 Jan intraday low) |
| 50DAY 2.0285 DN | [] 1.9674 FAIR (04/08 Jan lows - 1.9674/66) |
| 90DAY 2.0326 DN | [] 1.9670 STRG (10 Jan high) |
|200DAY 2.0163 DN |[] 1.9653 FAIR (17 Aug 07/07 Jan lows) |
! 9 DAY RSI !============ 1.9575 (UPDATE PRICE) NY 14 Jan 14.00 GMT |
| 23.43 (27.93) |[] 1.9554 FAIR (11 Jan intraday low) |
! TRENDS ! [] 1.9540 FAIR (10 Jan low) |
| MAJOR UP | [] 1.9501 FAIR (11 Jan intraday low) |
| MINOR DOWN | [] 1.9483 STRG (11 Jan low) |

USD/JPY
09:01 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAU
![USD/JPY] TEL 212-907-5803 !
|fell from 114.66 m 107.22 (27 Dec high) to reach 107.90 on 04 Jan before |
|recovering to 110.13 as a bearish wedge develeoped. Thur/Fri's loss of the |
|109.30 area completed formation that has signalled a relapse through 107.90 |
|to open 106.97-107.22 first, guards 106.50 (07 Jun 05 low). 108.14-42 should|
|now cap while only abv today's high at 108.96 firms near-term. |
|[STRATEGY] SELL @ 108.00 FOR A [106.97] OBJECTIVE, STOP AT (108.45) |
[MOVING AVERAGES |L-TERM HIGH 307.00 DEC75 L-TERM LOW 79.75 APR95 ]
| 20DAY 111.61 DN | [] 108.96 FAIR (today's high) |
| 50DAY 111.13 DN | [] 108.63 FAIR (11 Jan - prev low) |
| 90DAY 113.07 DN | [] (108.45) FAIR (14 Jan i-d high - 108.42) |
|200DAY 116.84 DN |[] 108.14 FAIR (14 Nov intraday high) |
! 9 DAY RSI !============ 107.81 (UPDATE PRICE) NY 14 Jan 14.01 GMT |
| 33.00 (37.91) |[] 107.22 V STRG (2007 low - 26 Nov) |
! TRENDS ! [] 107.08 FAIR (09 Jun 05 low) |
| MAJOR FLAT | [] [106.97] FAIR (76.4% of 101.67-124.14) |
| MINOR FLAT | [] 106.74 FAIR (08 Jun 05 intraday low) |

USD/CHF
09:01 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAV
![USD/CHF] TEL 212-907-5803 !
|has fully retraced the recovery from the 1.0889 all-time low (23 Nov) which |
|topped out at 1.1598 on 25 Dec. Initl losses to 1.1019 on 04 Jan were |
|followed by a lower top at 1.1192 last Mon/Tues, from where an extn through |
|1.1019 to slightly o/shoot 1.0889 has no occured. No immed signs of a base, |
|risk of a lower top triggering extn to 1.0835-45, accelerating on a break |
|[STRATEGY] LOWER SELL TO 1.0970 FOR A REVISED [1.0835], ADJ STOP TO (1.1020) |
[MOVING AVERAGES |L-TERM HIGH 2.9290 FEB85 L-TERM LOW 1.0886 14JAN08 ]
| 20DAY 1.1327 DN | [] (1.1020) FAIR (today's high - 1.1017) |
| 50DAY 1.1272 DN | [] 1.1005 FAIR (10 Jan low) |
| 90DAY 1.1484 DN | [] 1.0975 FAIR (11 Jan low) |
|200DAY 1.1848 DN |[] 1.0956 FAIR (26/27 Nov 07 lows) |
! 9 DAY RSI !============ 1.0922 (UPDATE PRICE) NY 14 Jan 14.01 GMT |
| 24.04 (25.23) |[] 1.0886 V STRG (a-t low-23Nov07/tdy-1.0889/86)|
! TRENDS ! [] 1.0845 STRG (2.618 1.1080-1.1005 fm 1.1041) |
| MAJOR DOWN | [] [1.0835] FAIR (2.0 of 1.2152/1.1622 fm 1.1895) |
| MINOR DOWN | [] 1.0800 FAIR (figure support) |

USD/CAD
09:00 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAZ
![USD/CAD] TEL 212-907-5803 !
|recovered from .9059 (07 Nov low) to reach 1.0250 on 14 Dec. A pullback |
|followed to .9756 on 28 Dec. A reversal developed here and recovery has |
|followed to 1.0222/17 (Fri/Mon) so far. A likely bull flag is forming here |
|for a fresh challenge on 1.0250. Through here will then focus 1.0340 (25 Jul|
|07 low). 1.0125 should now buoys advance. Only under 1.0068 brks structure. |
|[STRATEGY] BUY AT 1.0130 FOR [1.0250] INITIAL OBJECTIVE, STOP (1.0095) |
[MOVING AVERAGES |L-TERM HIGH 1.6194 21JAN02 L-TERM LOW .3597 JUL 1864 ]
| 20DAY .9975 UP | [] 1.0277 FAIR (14 Sep 07 low) |
| 50DAY .9894 UP | [] [1.0250] STRG (14 Dec 07 high) |
| 90DAY .9893 DN | [] 1.0234 FAIR (13/17 Dec 07 highs-1.0234/29) |
|200DAY 1.0370 DN |[] 1.0222 FAIR (11 Jan high) |
! 9 DAY RSI !============ 1.0176 (UPDATE PRICE) NY 14 Jan 14.00 GMT |
| 82.25 (67.62) |[] 1.0152 FAIR (10 Jan high) |
! TRENDS ! [] 1.0125 FAIR (11 Jan prev intraday high) |
| MAJOR DOWN | [] (1.0095) FAIR (below figure support) |
| MINOR UP | [] 1.0080 FAIR (07 Jan high) |

AUD/USD
08:26 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABA
![AUD/USD] TEL 020-7017-5472 !
|retreated from .9401 (07 Nov's long-term high) to .8652/.8554 on 21 Nov/18 |
|Dec, interrupted by lower top at .8923 on 28 Nov. Subsequent recovery to |
|.8848 on 03 Jan was followed by a higher low at .8683 on 07 Jan ahead of |
|latest recovery extn. .8978 initially capped gains, but fresh headway now |
|seen from a higher low at .8876. Next upside target .9054-70 |
|[STRATEGY] BUY AT .8920 FOR [.9054] NEXT OBJECTIVE, STOP AT (.8870) |
[MOVING AVERAGES |L-TERM HIGH 1.1310 JAN82 L-TERM LOW .4775 02APR01 ]
| 20DAY .8736 UP | [] .9090 FAIR (12 Nov 07 high) |
| 50DAY .8816 DN | [] .9070 STRG (14 Nov 07 high) |
| 90DAY .8827 UP | [] [.9054] FAIR (14 Nov 07 intraday high) |
| 200DAY .8582 UP |[] .9018 FAIR (15 Nov 07 high) |
! 9 DAY RSI !============ .8997 (UPDATE PRICE) LDN 14 Jan 13.24 GMT |
| 68.49 (81.43) |[] .8898 FAIR (11 Jan low) |
! TRENDS ! [] (.8870) STRG (today's low - .8876) |
| MAJOR UP | [] .8860 FAIR (09 Jan high) |
| MINOR UP | [] .8848 FAIR (03 Jan high) |

NZD/USD
08:31 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABB
![NZD/USD] TEL 020-7017-5472 !
|reached .7937 on 12 Dec, highest since Jul, but failed to sustain a break of |
|.7893 (07 Nov top). Losses from .7937 reached .7505 on 18 Dec, ahead of a |
|bounce leaving a lower top last Mon/Thurs at .7787/89. From last Mon's |
|higher low at .7612 fresh recovery attempts have followed, the clearance of |
|.7754-89 raised hopes of a return to .7910-37 and this is now under way |
|[STRATEGY] BUY ON WEAKNESS AT .7840 FOR [.7937] RETEST, STOP AT (.7790) |
[MOVING AVERAGES |L-TERM HIGH .8270 10JUN82 L-TERM LOW .3898 18OCT00 ]
| 20DAY .7673 UP | [] .7991 FAIR (.618 of .5929-.8110 from .6643) |
| 50DAY .7665 UP | [] .7956 FAIR (26 Jul 07 intraday high) |
| 90DAY .7585 UP | [] [.7937] V STRG (12 Dec 07 high) |
| 200DAY .7514 UP |[] .7912 FAIR (2008 high - today) |
! 9 DAY RSI !============ .7902 (UPDATE PRICE) LDN 14 Jan 13.26 GMT |
| 70.35 (68.33) |[] .7840 FAIR (today's intraday low) |
! TRENDS ! [] .7810 FAIR (11 Jan low) |
| MAJOR UP | [] (.7790) STRG (today's low - .7796) |
| MINOR UP | [] .7787 FAIR (31 Dec 07/03 Jan highs-.7787/89)|

OIL
08:01 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADI
![NYMEX OIL FEB 08] TEL 212 907 5804 !
|Losses extended off 97.92 (right shoulder of head & shoulders top, 97.92 LS/ |
|100.09 head) to capture the 92.35 initial target (1.0 proj 100.09/94.47 from |
|97.97). Further declines would seek 91.80 ahead of 91.14, the 61.8% retrace |
|of the 06 Dec/03 Jan rally. Only above 94.65/94.81 delays towards Thur's |
|96.24 high, near pattern neckline (resistance, joins 31 Dec/07 Jan lows). |
|[STRATEGY] LOOK TO SELL. |
[M.A. | |11 Jan HI 94.65 LO 92.31 CL 92.69 ]
| 9DAY 96.24 DN | [] 95.42 FAIR (09 Jan former low) |
| 18DAY 94.75 UP | [] 95.14 FAIR (50% of 97.97/92.31) |
| 30DAY 92.75 UP | [] 94.81 STRG (10 Jan hourly lower high) |
| 9 DAY RSI |[] 94.65 FAIR (11 Jan high) |
! 40.72 (44.37) !============ 93.93 (UPDATE PRICE) NY 14 Jan 1301GMT |
| CONTRACT HIGH |[] 92.53 FAIR (14 Jan intraday low) |
! 100.09 03Jan08 ! [] 92.31 FAIR (11 Jan low) |
| CONTRACT LOW | [] 91.80 FAIR (21 Dec hourly low) |
| 56.58 16Jan07 | [] 91.14 STRG (61.8% of 85.60/100.09) |

GOLD
09:16 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADJ
![ GOLD CASH] TEL 212 907 5804 !
|Gains through the milestone 900 level extend the m-term rally (start 785.00, |
|17 Dec) supported by rising trendline support (joins 25 Dec/02Jan/10 Jan |
|lows). Friday's 887.15 hourly range low should limit dips to retain immediate|
|scope for gains through 918.20, ahead of 953.13. Only clearance below 887.15 |
|would delay towards 876.85, near trendline support. |
|[STRATEGY] BUY DIPS FOR TARGET 935.13. |
[M.A. |Cash |11 Jan HI 898.00 LO 887.15 CL 895.50 ]
| 9DAY 868.29 UP | [] 958.00 STRG (1.0 prjn 413.0-730.0 frm 641.1) |
| 18DAY 842.33 UP | [] 935.13 FAIR (2.618 extn 777/836.70) |
| 30DAY 825.09 UP | [] 918.20 STRG (1.0 extn of 845.4-772.6) |
| 9 DAY RSI |[] 916.70 FAIR (2.000 ext 866/891.40 off 891.40)|
! 83.34 ( 82.45) !============ 907.40 (UPDATE PRICE) NY 14 Jan 1415GMT |
| Major High |[] 898.00 FAIR (11 Jan 2008 high) |
! 91*.** 14JAN08 ! [] 892.20 FAIR (today's low) |
| Major Low | [] 887.15 FAIR (11 Jan low) |
| 251.70 25Aug99 | [] 886.30 FAIR (10 Jan former intraday high) |

EUR/GBP
07:09 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADT
![EUR/GBP] TEL 020-7017-5472 !
|has made steady headway since .7239/54 (05 Dec/all-time traded high (26 May |
|03)) was cleared on 20/21 Dec, this followed consoln between .7089-.7114 and |
|.7216-39. .7493 was met 04 Jan with weakness from there having been |
|supported at .7422 last Tues ahead of extn to yet new highs. .7586 initially|
|met but signs now of an extn to .7600-20+ |
|[STRATEGY] RAISE BUY TO .7555 FOR [.7620] NEXT OBJECTIVE, RAISE STOP (.7532) |
[MOVING AVERAGES |L-TERM HIGH .7586 11JAN08 L-TERM LOW .5681 04MAY00 ]
| 20DAY .7355 UP | [] .7700 FAIR (round figure) |
| 50DAY .7220 UP | [] .7650 FAIR (mid-figure resist) |
| 90DAY .7099 UP | [] [.7620] FAIR (100% extn .7089-.7389 fm .7321) |
| 200DAY .6921 UP |[] .7600 FAIR (161.8 extn .7422-.7509 fm .7460)|
! 9 DAY RSI !============ .7588 (UPDATE PRICE) LDN 14 Jan 12.09 GMT |
| 88.19 (87.73) |[] .7546 FAIR (today's low) |
! TRENDS ! [] (.7532) FAIR (11 Jan low - .7537) |
| MAJOR UP | [] .7523 FAIR (10 Jan intraday low) |
| MINOR UP | [] .7512 FAIR (10 Jan intraday high) |

GBP/CHF
08:24 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADQ
![GBP/CHF] TEL 020-7017-5472 !
|left a lower top at 2.3365 on 04 Dec, below 25 Jul 6-yr high at 2.4970. |
|Losses from there through 2.2970/2.2765 (4 wk uptrend/05 Dec higher low) |
|triggered a break of key 2.2350-70 (May 05/Jan 06 bases), reaching 2.1800 on |
|04 Jan ahead of a bounce to 2.2140 last Tues. Subsequent loss of 2.1880 |
|signalled fresh falls, 2.1425 initially met, signs now of 2.1205-2.1320 extn |
|[POSITION] SHORT AT 2.1870 FOR A [2.1260] NEXT OBJECTIVE, STOP AT (2.1555) |
[MOVING AVERAGES |L-TERM HIGH 10.4166 APR71 L-TERM LOW 1.7550 NOV95 ]
| 20DAY 2.2450 DN | [] 2.1670 FAIR (11 Jan high) |
| 50DAY 2.2861 DN | [] 2.1575 FAIR (today's high) |
| 90DAY 2.3337 DN | [] (2.1555) FAIR (10 Jan low - 2.1545) |
|200DAY 2.3880 DN |[] 2.1520 STRG (2004 lows - 19/25Nov) |
! 9 DAY RSI !============ 2.1400 (UPDATE PRICE) LDN 14 Jan 13.22 GMT |
| 11.92 (13.80) |[] 2.1320 STRG (04Jun03 low) |
! TRENDS ! [] [2.1260] FAIR (03Jun03 low) |
| MAJOR FLAT | [] 2.1205 STRG (02Jun03 low) |
| MINOR DOWN | [] 2.1095 FAIR (old low - 05Mar) |

EUR/CHF
08:21 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADP
![EUR/CHF] TEL 020-7017-5472 !
|left a lower top at 1.6729 on 12 Dec, below 1.6828/10 11/29 Oct double top. |
|Losses from 1.6729 extended to 1.6324 04 Jan, just above the key 23 Nov low |
|at 1.6300. A bounce was reversed at 1.6450 last Tues, latest leg lower |
|breached 1.6324 last Thurs with 1.6229 having been met since then, with scope|
|for 1.6177-1.6206 (17/21 Aug 07 lows) after correcn. Above 1.6315-24 averts |
|[STRATEGY] SELL AT 1.6300 FOR A REVISED [1.6206] OBJECTIVE, STOP AT (1.6334) |
[MOVING AVERAGES |L-TERM HIGH 1.6828 11OCT07 L-TERM LOW 1.4397 21SEP01 ]
| 20DAY 1.6510 DN | [] 1.6351 STRG (11 Jan high) |
| 50DAY 1.6503 DN | [] (1.6334) FAIR (04 Jan low - 1.6324) |
| 90DAY 1.6562 DN | [] 1.6315 STRG (11 Jan/today highs) |
|200DAY 1.6519 FL |[] 1.6300 FAIR (23 Nov low) |
! 9 DAY RSI !============ 1.6260 (UPDATE PRICE) LDN 14 Jan 13.13 GMT |
| 17.19 (28.34) |[] 1.6229 FAIR (2008 low - today) |
! TRENDS ! [] 1.6214 FAIR (21 Aug 07 intraday low) |
| MAJOR UP | [] [1.6206] STRG (21 Aug 07 low) |
| MINOR DOWN | [] 1.6199 FAIR (17 Aug 07 intraday low) |

EUR/CAD
08:19 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADK
![EUR/CAD] TEL 020 7017 5476 !
|has been trading in a well defined multi year wedge. Fell to 1.3285 (07 Nov |
|low) after a false break to the downside in Q4 2007. The subsequent surge |
|higher has broken the prior downtrend reaching 1.5035 (05 Dec high). Near |
|term price action found support at 1.4150 (December low) and has since broken|
|the Dec 07 high. Initially targets 1.5180. Below 1.4150 defers |
|[STRATEGY] MISSED BUY FOR A [1.5180] OBJECTIVE. STAND ASIDE FOR NOW |
[MOVING AVERAGES |L-TERM HIGH 1.8265 04JAN99 L-TERM LOW 1.2470 26OCT00 ]
| 20DAY 1.4533 UP | [] 1.5370 FAIR (19 Apr 07 high) |
| 50DAY 1.4479 UP | [] 1.5270 FAIR (26/27 Apr 07 highs - 1.5270/70) |
| 90DAY 1.4265 UP | [] 1.5245 FAIR (30 Apr 07 high) |
|200DAY 1.4448 DN |[] 1.5180 FAIR (24/25/27Apr07 lows-1.5180/85/90 |
! 9 DAY RSI !============ 1.5175 (UPDATE PRICE) LDN 14 Jan 13.16 GMT |
| 87.98 (82.80) |[] 1.5035 STRG (05 Dec 07 high) |
! TRENDS ! [] 1.4950 FAIR (12/14 Dec 07 highs) |
| MAJOR DOWN | [] 1.4895 FAIR (11 Jan low) |
| MINOR UP | [] 1.4835 FAIR (04/09 Jan highs - 1.4825/35) |

GBP/JPY
09:13 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABG
![GBP/JPY] TEL 020-7017-5474 !
|fell from 228.35 (27 Dec high) to reach an earlier pattern obj at 213.50 on |
|04 Jan. A bounce then followed to 217.30 establishing a 213.50 to 217.30 |
|consoln, unwinding over-sold daily studies. Losing 213.50-60 support zone |
|has now completed a further bear configuration that projects the 209.50 area |
|next. Over 213.00/213.40 needed to neutralise short-term. |
|[STRATEGY] SELL 212.00 FOR A [209.55] OBJECTIVE, STOP AT (213.05) |
[MOVING AVERAGES |L-TERM HIGH 465.85 NOV82 L-TERM LOW 128.30 APR95 ]
| 20DAY 221.24 DN | [] 214.00 FAIR (11 Jan intraday high) |
| 50DAY 225.42 DN | [] 213.40 FAIR (today's high) |
| 90DAY 229.80 DN | [] (213.05) FAIR (abv figure resist) |
|200DAY 235.61 DN |[] 212.05 FAIR (11 Jan low) |
! 9 DAY RSI !============ 211.10 (UPDATE PRICE) LDN 14 Jan 14.14 GMT |
| 17.42 (22.89) |[] 210.65 STRG (12 Jul 06 low) |
! TRENDS ! [] 210.10 FAIR (11 Jul 06 low) |
| MAJOR DOWN | [] [209.55] STRG (10 Jul 06 low) |
| MINOR DOWN | [] 208.90 FAIR (30 May 06 low) |

GBP/AUD
08:15 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABW
![GBP/AUD] TEL 020 7017 5476 !
|reached 2.5645 on 17 Aug before steady losses to 2.2185 on 29 Oct were |
|followed by a recovery to a lower top at 2.3865 (26 Nov). Lower high at |
|2.3605 (17 Dec) drove losses to 2.2295 (04 Jan low). Subsequent high at |
|2.2740 then broke 2.2295 to target weekly bearish channel support near |
|2.1750. Channel support should provide strength for a recovery bounce. |
|[POSITION] LONG AT 2.1855 FOR A [2.2155] OBJECTIVE, STOP AT (2.1700) |
[MOVING AVERAGES |L-TERM HIGH 3.0380 27SEP01 L-TERM LOW 1.2840 28OCT76 ]
| 20DAY 2.2679 DN | [] 2.2240 FAIR (10 Jan high) |
| 50DAY 2.2997 DN | [] [2.2155] FAIR (09 Jan low) |
| 90DAY 2.3021 DN | [] 2.2090 FAIR (10 Jan intraday low)) |
|200DAY 2.3500 DN |[] 2.1975 FAIR (11 Jan high) |
! 9 DAY RSI !============ 2.1775 (UPDATE PRICE) LDN 14 Jan 13.13 GMT |
| 19.42 (14.12) |[] (2.1700) FAIR (2008 low - 11 Jan low/2.1745) |
! TRENDS ! [] 2.1615 FAIR (Ext 2.3680-2.2920 fm2.3605) |
| MAJOR FLAT | [] 2.1505 FAIR (Nov 95 high) |
| MINOR DOWN | [] 2.0630 FAIR (1.6 proj 2.4020-2.2435 fm2.3195)|

EUR/JPY
08:47 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABF
![EUR/JPY] TEL 020-7017-5474 !
|fell from 166.67 (27 Dec high) to eventually find suppt at 158.75 on 03 Jan. |
|A shallow corrective channel has developed and 162.30 has reached Fri, just |
|shy of 162.40 (38% of 166.56-159.75). Probing under suppt at 162.35 (lower |
|corrective channel) now resumes decline off 166.67, and opens 159.55 ahead of|
|159.37 (27 Nov 07 low). Over resist at 161.52 needed to delay. |
|[POSITION] SHORT AT 161.45 FOR [159.37] OBJECTIVE, STOP (161.05) |
[MOVING AVERAGES |L-TERM HIGH 169.05 23JUL07 L-TERM LOW 88.93 26OCT00 ]
| 20DAY 162.68 DN | [] 161.90 FAIR (11 Jan intraday high) |
| 50DAY 162.69 DN | [] 161.68 FAIR (03 Jan high) |
| 90DAY 163.06 UP | [] 161.52 FAIR (today's high) |
|200DAY 162.89 UP |[] (161.05) FAIR (abv figure resist) |
! 9 DAY RSI !============ 160.60 (UPDATE PRICE) LDN 14 Jan 13.36 GMT |
| 42.46 (55.09) |[] 159.92 FAIR (07/09 Jan lows -159.92/160.02) |
! TRENDS ! [] 159.75 STRG (03/04 Jan lows- 159.75/78) |
| MAJOR UP | [] [159.37] STRG (27 Nov 07 low) |
| MINOR DOWN | [] 159.02 FAIR (30 Aug 07 low)) |

EUR/AUD
08:22 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABV
![EUR/AUD] TEL 020 7017 5476 !
|rallied from 1.5495 (01 Nov) to reach 1.7160 (23 Nov), short of a full |
|retrace of prior 1.7460-1.5495 fall. Recent correction from 1.7160 (23 Nov |
|high) has been choppy; ranging between 1.6490 (12 Dec low) - 1.7160. A |
|breakdown below 1.6490 will end hopes for a higher platform to underpin |
|eventual retest of 1.7160, triggering setbacks to 1.6225 instead. |
|[POSITION] SHORT AT 1.6600 FOR A [1.6400] OBJECTIVE, STOP AT (1.6670) |
[MOVING AVERAGES |L-TERM HIGH 1.9340 04JAN99 L-TERM LOW 1.5006 05MAY00 ]
| 20DAY 1.6677 DN | [] 1.6820 FAIR (17/18 Dec 07 highs - 1.6810/20) |
| 50DAY 1.6602 UP | [] 1.6765 STRG (07 Jan low) |
| 90DAY 1.6341 DN | [] (1.6670) FAIR (10 Jan high - 1.6660) |
|200DAY 1.6258 UP |[] 1.6640 FAIR (08 Jan low) |
! 9 DAY RSI !============ 1.6550 (UPDATE PRICE) LDN 14 Jan 13.21 GMT |
| 37.50 (29.35) |[] 1.6505 FAIR (21 Dec 07 low) |
! TRENDS ! [] 1.6480 FAIR (11 Jan low) |
| MAJOR FLAT | [] [1.6400] FAIR (27 Aug 07 low) |
| MINOR FLAT | [] 1.6315 FAIR (19 Nov 07 low) |

CHF/JPY
08:34 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABH
![CHF/JPY] TEL 020-7017-5474 !
|strengthened off 96.45 (22 Oct low) to reach 100.70 on 07 Nov, bef correcting|
|sharply to 96.80 (12 Nov low). This has defined a multi-week consolidation. |
|Relapse from 100.30 (28 Dec high) found a foothold at 97.35 (03 Jan low), and|
|the short-term structure turned positive. 99.35 now guards 100.30 while |
|below 98.20-40 risks a re-test on 97.35. |
|[STRATEGY] STAND ASIDE |
[MOVING AVERAGES |L-TERM HIGH 116.60 AUG90 L-TERM LOW 58.75 07SEP00 ]
| 20DAY 98.51 UP | [] 100.50 FAIR (09 Nov 07 high) |
| 50DAY 98.57 DN | [] 100.00 FAIR (figure resist) |
| 90DAY 98.44 UP | [] 99.80 STRG (14 Nov 07 highs) |
| 200DAY 98.59 UP |[] 99.35 STRG (02/11 Jan high - 99.30/35) |
! 9 DAY RSI !============ 98.60 (UPDATE PRICE) LDN 14 Jan 13.35 GMT |
| 60.16 (69.35) |[] 98.40 FAIR (07/08 Jan highs) |
! TRENDS ! [] 98.20 FAIR (10 Jan low) |
| MAJOR UP | [] 97.80 FAIR (09 Jan low) |
| MINOR UP | [] 97.45 STRG (04 Dec 07 low) |

AUD/JPY
09:18 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABD
![AUD/JPY] TEL 020-7017-5474 !
|fell from 107.85 (2007 high, 31 Oct/01 Nov) to eventually find support at |
|93.00 on 26 Nov. A base then formed with a gradual rise off 95.25 (05 Dec) to|
|100.15, just below 50% of 107.85-93.00 downleg. A sell-off reached 94.40 |
|on4/7 Jan, while last Tue's break above 95.95 has triggered a recovery phase |
|focusing 98.55 (02 Jan high) bef 100.15. Below, 96.40 now underpins structure|
|[STRATEGY] AWAIT SIGNAL |
[MOVING AVERAGES |L-TERM HIGH 266.40 11JUL82 L-TERM LOW 55.45 18OCT00 ]
| 20DAY 97.50 FL | [] 98.55 STRG (2008 high - 02 Jan) |
| 50DAY 97.95 DN | [] 98.35 FAIR (10 Jan high) |
| 90DAY 99.80 UP | [] 97.85 FAIR (11 Jan intraday high) |
|200DAY 100.20 FL |[] 97.55 FAIR (today's high) |
! 9 DAY RSI !============ 97.00 (UPDATE PRICE) LDN 14 Jan 13.42 GMT |
| 53.11 (64.74) |[] 96.35 FAIR (50% retr/tdys low 96.35/40) |
! TRENDS ! [] 96.05 STRG (09 Jan intraday low) |
| MAJOR UP | [] 95.90 FAIR (61.8% retrace of 94.40-98.35) |
| MINOR UP | [] 95.60 FAIR (09 Jan low) |

CAD/JPY
08:31 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABE
![CAD/JPY] TEL 020-7017-5474 !
|fell from 125.50 (07 Nov 07 high) to find support at 108.15 & 107.95 (27 Nov/|
|05 Dec). The reversal from there reached 116.80 (50% of 125.50-107.95 |
|downleg) marking a right shoulder of a weekly head & shoulder pattern. Steep |
|correc'n followed to 107.85/108.05 neckline, breached Fri. This has triggered|
|next phase lower toward 103.40 (2007 low). Above 107.10 needed to delay. |
|[STRATEGY] SELL AT 106.90 FOR A [104.70] OBJECTIVE, STOP AT (107.90) |
[MOVING AVERAGES |L-TERM HIGH 136.40 APR90 L-TERM LOW 57.80 APR95 ]
| 20DAY 111.91 DN | [] (107.90) STRG (04 Jan low - 107.85) |
| 50DAY 112.38 DN | [] 107.75 FAIR (10 Jan low) |
| 90DAY 114.35 FL | [] 107.35 FAIR (11 Jan intraday low) |
|200DAY 112.78 UP |[] 107.10 STRG (11 Jan intraday high) |
! 9 DAY RSI !============ 105.85 (UPDATE PRICE) LDN 14 Jan 13.31 GMT |
| 19.69 (29.51) |[] 105.75 FAIR (17 Aug 07 intraday low) |
! TRENDS ! [] 105.10 FAIR (17 Aug 07 intraday low) |
| MAJOR UP | [] [104.70] FAIR (16 Aug 07 intraday low) |
| MINOR DOWN | [] 104.10 STRG (16 Aug 07 low) |

AUD/NZD
08:35 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABC
![AUD/NZD] TEL 020 7017 5476 !
|recovering off 1.1145 (14 Dec low) after a 1-1/2 month decline from 1.2080 |
|(01 Nov high). 38.2% retracement at 1.1500 completed so far on 09 Jan, ahead|
|of latest easing towards 1.1330-50 support. Unless current weakness extends |
|below 1.1250-85 higher lows, further recovery towards 1.1600/15 (30 nov 07 |
|lower top/50% retrace) is still feasible in the short term. |
|[POSITION] LONG AT 1.1180 FOR A REVISED [1.1500] OBJ, STOP AT (1.1340) |
[MOVING AVERAGES |L-TERM HIGH 1.4270 Apr 92 L-TERM LOW 1.0435 05 Dec 05 ]
| 20DAY 1.1375 UP | [] 1.1545 FAIR (04 Dec 07 high) |
| 50DAY 1.1495 DN | [] [1.1500] STRG (09 Jan high/38.2% 1.2080-1.1145)|
| 90DAY 1.1635 DN | [] 1.1460 FAIR (31 Dec 07 high) |
|200DAY 1.1420 FL |[] 1.1435 FAIR (10/11 Jan highs) |
! 9 DAY RSI !============ 1.1390 (UPDATE PRICE) LDN 14 Jan 13.30 GMT |
| 42.79 (49.92) |[] (1.1340) FAIR (11 Jan low - 1.1350) |
! TRENDS ! [] 1.1330 FAIR (03/07 Jan lows) |
| MAJOR FLAT | [] 1.1285 FAIR (30 Dec 07 low) |
| MINOR FLAT | [] 1.1250 STRG (21 Dec 07 low) |

INDEX
09:00 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXACK
![US$ Index] TEL 212-907-5803 !
|retreated from 82.132 on 16 Aug to break Sep 1992 all-time low at 78.210 on |
|25 Sep. Losses reached 74.484 on 23 Nov, ahead of a choppy recovery to |
|77.854 (19 Dec). The subsequent dip to 75.429 (04 Jan) was followed by a |
|corrective recovery to 76.517 last Thurs ahead of latest extn lower. Today's|
|loss of 75.429 raises fears of an extn lower toward 75.076-75.126 |
|[STRATEGY] SELL AT 75.782 FOR A [75.126] OBJECTIVE, STOP AT (75.982) |
[MOVING AVERAGES |L-TERM HIGH 121.020 06Jul01 L-TERM LOW 74.484 23Nov07 ]
| 20DAY 76.716 DN | [] 76.061 STRG (11 Jan high) |
| 50DAY 76.186 DN | [] 76.016 FAIR (today's high) |
| 90DAY 77.211 DN | [] (75.982) STRG (today's intraday high - 75.932) |
|200DAY 79.674 DN |[] 75.786 FAIR (11 Jan low) |
! 9 DAY RSI !============ 75.510 (UPDATE PRICE) NY 14 Jan 14.00 GMT |
| 41.06 (37.57) |[] 75.315 FAIR (29 Nov 07 intraday high) |
! TRENDS ! [] 75.229 FAIR (23/27 Nov 07 highs - 75.229/243)|
| MAJOR DOWN | [] [75.126] FAIR (29 Nov 07 low) |
| MINOR DOWN | [] 75.076 STRG (28 Nov 07 low) |

Sulaiman Ben ZerQi

15-01-2008, 03:45 PM

شركـة وفـرة للوسـاطـة المـاليـــة

WAFRA FINANCIAL BROKERAGE CO.

STRATEGY
الإستراتيجية
اليوم
الثلاثاء
التاريخ
15/1/2008
الساعة
9:00

EUR/USD
09:00 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAT
![EUR/USD] TEL 212-907-5803 !
|corrected lower from the 04 Jan high at 1.4825 to reach 1.4639 last Weds |
|before heading higher. 1.4814/20 initially capped gains last Thurs/Fri, but |
|following a dip to 1.4762 last Fri a push higher through 1.4814-20 and the 04|
|Jan high at 1.4825 has followed, raising hopes of a return toward the 1.4968 |
|all-time high made on 23 Nov 07. 1.4930 offers final interim resistance |
|[POSITION] LONG AT 1.4762 FOR A [1.4968] OBJECTIVE, RAISE STOP TO (1.4845) |
[MOVING AVERAGES |L-TERM HIGH 1.4968 23NOV07 L-TERM LOW .8228 26OCT00 ]
| 20DAY 1.4576 UP | [] 1.5003 FAIR (.618 of .8228/1.3670 fm 1.1640) |
| 50DAY 1.4639 UP | [] 1.4985 FAIR (100% projection 1.4753-1.4521) |
| 90DAY 1.4425 UP | [] [1.4968] V STRG (2007/all-time high - 23 Nov) |
|200DAY 1.3955 UP |[] 1.4930 FAIR (23 Nov 07 intraday high) |
! 9 DAY RSI !============ 1.4889 (UPDATE PRICE) NY 14 Jan 14.00 GMT |
| 64.20 (71.36) |[] (1.4845) FAIR (today's intraday low - 1.4855) |
! TRENDS ! [] 1.4825 FAIR (04 Jan high) |
| MAJOR UP | [] 1.4814 FAIR (10/11 Jan highs - 1.4814/20) |
| MINOR UP | [] 1.4795 FAIR (today's intraday low) |

GBP/USD
09:00 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAW
![GBP/USD] TEL 212-907-5803 !
|remains in a d-trend connecting 2.1162, 2.0833 & 2.0583 over past 2 months, |
|having breached the key 1.9623-53 area (Jun/Aug 07 bottoms) last Weds to |
|reach 1.9483 last Fri ahead of latest bounce. A foothold is attempting to be|
|made above last Fri's 1.9618/35 highs, clearing last Thur's 1.9670 high too |
|will end immed fears of a fresh slide in favour of a 1.9764-1.9830 retest |
|[STRATEGY] SIDELINED FOR NOW, AWAITING CLEARER S-TERM SIGNALS. |
[MOVING AVERAGES |L-TERM HIGH 2.4546 NOV80 L-TERM LOW 1.0300 FEB85 ]
| 20DAY 1.9821 DN | [] 1.9708 FAIR (08 Jan intraday low) |
| 50DAY 2.0285 DN | [] 1.9674 FAIR (04/08 Jan lows - 1.9674/66) |
| 90DAY 2.0326 DN | [] 1.9670 STRG (10 Jan high) |
|200DAY 2.0163 DN |[] 1.9653 FAIR (17 Aug 07/07 Jan lows) |
! 9 DAY RSI !============ 1.9575 (UPDATE PRICE) NY 14 Jan 14.00 GMT |
| 23.43 (27.93) |[] 1.9554 FAIR (11 Jan intraday low) |
! TRENDS ! [] 1.9540 FAIR (10 Jan low) |
| MAJOR UP | [] 1.9501 FAIR (11 Jan intraday low) |
| MINOR DOWN | [] 1.9483 STRG (11 Jan low) |

USD/JPY
09:01 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAU
![USD/JPY] TEL 212-907-5803 !
|fell from 114.66 m 107.22 (27 Dec high) to reach 107.90 on 04 Jan before |
|recovering to 110.13 as a bearish wedge develeoped. Thur/Fri's loss of the |
|109.30 area completed formation that has signalled a relapse through 107.90 |
|to open 106.97-107.22 first, guards 106.50 (07 Jun 05 low). 108.14-42 should|
|now cap while only abv today's high at 108.96 firms near-term. |
|[STRATEGY] SELL @ 108.00 FOR A [106.97] OBJECTIVE, STOP AT (108.45) |
[MOVING AVERAGES |L-TERM HIGH 307.00 DEC75 L-TERM LOW 79.75 APR95 ]
| 20DAY 111.61 DN | [] 108.96 FAIR (today's high) |
| 50DAY 111.13 DN | [] 108.63 FAIR (11 Jan - prev low) |
| 90DAY 113.07 DN | [] (108.45) FAIR (14 Jan i-d high - 108.42) |
|200DAY 116.84 DN |[] 108.14 FAIR (14 Nov intraday high) |
! 9 DAY RSI !============ 107.81 (UPDATE PRICE) NY 14 Jan 14.01 GMT |
| 33.00 (37.91) |[] 107.22 V STRG (2007 low - 26 Nov) |
! TRENDS ! [] 107.08 FAIR (09 Jun 05 low) |
| MAJOR FLAT | [] [106.97] FAIR (76.4% of 101.67-124.14) |
| MINOR FLAT | [] 106.74 FAIR (08 Jun 05 intraday low) |

USD/CHF
09:01 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAV
![USD/CHF] TEL 212-907-5803 !
|has fully retraced the recovery from the 1.0889 all-time low (23 Nov) which |
|topped out at 1.1598 on 25 Dec. Initl losses to 1.1019 on 04 Jan were |
|followed by a lower top at 1.1192 last Mon/Tues, from where an extn through |
|1.1019 to slightly o/shoot 1.0889 has no occured. No immed signs of a base, |
|risk of a lower top triggering extn to 1.0835-45, accelerating on a break |
|[STRATEGY] LOWER SELL TO 1.0970 FOR A REVISED [1.0835], ADJ STOP TO (1.1020) |
[MOVING AVERAGES |L-TERM HIGH 2.9290 FEB85 L-TERM LOW 1.0886 14JAN08 ]
| 20DAY 1.1327 DN | [] (1.1020) FAIR (today's high - 1.1017) |
| 50DAY 1.1272 DN | [] 1.1005 FAIR (10 Jan low) |
| 90DAY 1.1484 DN | [] 1.0975 FAIR (11 Jan low) |
|200DAY 1.1848 DN |[] 1.0956 FAIR (26/27 Nov 07 lows) |
! 9 DAY RSI !============ 1.0922 (UPDATE PRICE) NY 14 Jan 14.01 GMT |
| 24.04 (25.23) |[] 1.0886 V STRG (a-t low-23Nov07/tdy-1.0889/86)|
! TRENDS ! [] 1.0845 STRG (2.618 1.1080-1.1005 fm 1.1041) |
| MAJOR DOWN | [] [1.0835] FAIR (2.0 of 1.2152/1.1622 fm 1.1895) |
| MINOR DOWN | [] 1.0800 FAIR (figure support) |

USD/CAD
09:00 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXAAZ
![USD/CAD] TEL 212-907-5803 !
|recovered from .9059 (07 Nov low) to reach 1.0250 on 14 Dec. A pullback |
|followed to .9756 on 28 Dec. A reversal developed here and recovery has |
|followed to 1.0222/17 (Fri/Mon) so far. A likely bull flag is forming here |
|for a fresh challenge on 1.0250. Through here will then focus 1.0340 (25 Jul|
|07 low). 1.0125 should now buoys advance. Only under 1.0068 brks structure. |
|[STRATEGY] BUY AT 1.0130 FOR [1.0250] INITIAL OBJECTIVE, STOP (1.0095) |
[MOVING AVERAGES |L-TERM HIGH 1.6194 21JAN02 L-TERM LOW .3597 JUL 1864 ]
| 20DAY .9975 UP | [] 1.0277 FAIR (14 Sep 07 low) |
| 50DAY .9894 UP | [] [1.0250] STRG (14 Dec 07 high) |
| 90DAY .9893 DN | [] 1.0234 FAIR (13/17 Dec 07 highs-1.0234/29) |
|200DAY 1.0370 DN |[] 1.0222 FAIR (11 Jan high) |
! 9 DAY RSI !============ 1.0176 (UPDATE PRICE) NY 14 Jan 14.00 GMT |
| 82.25 (67.62) |[] 1.0152 FAIR (10 Jan high) |
! TRENDS ! [] 1.0125 FAIR (11 Jan prev intraday high) |
| MAJOR DOWN | [] (1.0095) FAIR (below figure support) |
| MINOR UP | [] 1.0080 FAIR (07 Jan high) |

AUD/USD
08:26 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABA
![AUD/USD] TEL 020-7017-5472 !
|retreated from .9401 (07 Nov's long-term high) to .8652/.8554 on 21 Nov/18 |
|Dec, interrupted by lower top at .8923 on 28 Nov. Subsequent recovery to |
|.8848 on 03 Jan was followed by a higher low at .8683 on 07 Jan ahead of |
|latest recovery extn. .8978 initially capped gains, but fresh headway now |
|seen from a higher low at .8876. Next upside target .9054-70 |
|[STRATEGY] BUY AT .8920 FOR [.9054] NEXT OBJECTIVE, STOP AT (.8870) |
[MOVING AVERAGES |L-TERM HIGH 1.1310 JAN82 L-TERM LOW .4775 02APR01 ]
| 20DAY .8736 UP | [] .9090 FAIR (12 Nov 07 high) |
| 50DAY .8816 DN | [] .9070 STRG (14 Nov 07 high) |
| 90DAY .8827 UP | [] [.9054] FAIR (14 Nov 07 intraday high) |
| 200DAY .8582 UP |[] .9018 FAIR (15 Nov 07 high) |
! 9 DAY RSI !============ .8997 (UPDATE PRICE) LDN 14 Jan 13.24 GMT |
| 68.49 (81.43) |[] .8898 FAIR (11 Jan low) |
! TRENDS ! [] (.8870) STRG (today's low - .8876) |
| MAJOR UP | [] .8860 FAIR (09 Jan high) |
| MINOR UP | [] .8848 FAIR (03 Jan high) |

NZD/USD
08:31 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABB
![NZD/USD] TEL 020-7017-5472 !
|reached .7937 on 12 Dec, highest since Jul, but failed to sustain a break of |
|.7893 (07 Nov top). Losses from .7937 reached .7505 on 18 Dec, ahead of a |
|bounce leaving a lower top last Mon/Thurs at .7787/89. From last Mon's |
|higher low at .7612 fresh recovery attempts have followed, the clearance of |
|.7754-89 raised hopes of a return to .7910-37 and this is now under way |
|[STRATEGY] BUY ON WEAKNESS AT .7840 FOR [.7937] RETEST, STOP AT (.7790) |
[MOVING AVERAGES |L-TERM HIGH .8270 10JUN82 L-TERM LOW .3898 18OCT00 ]
| 20DAY .7673 UP | [] .7991 FAIR (.618 of .5929-.8110 from .6643) |
| 50DAY .7665 UP | [] .7956 FAIR (26 Jul 07 intraday high) |
| 90DAY .7585 UP | [] [.7937] V STRG (12 Dec 07 high) |
| 200DAY .7514 UP |[] .7912 FAIR (2008 high - today) |
! 9 DAY RSI !============ .7902 (UPDATE PRICE) LDN 14 Jan 13.26 GMT |
| 70.35 (68.33) |[] .7840 FAIR (today's intraday low) |
! TRENDS ! [] .7810 FAIR (11 Jan low) |
| MAJOR UP | [] (.7790) STRG (today's low - .7796) |
| MINOR UP | [] .7787 FAIR (31 Dec 07/03 Jan highs-.7787/89)|

OIL
08:01 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADI
![NYMEX OIL FEB 08] TEL 212 907 5804 !
|Losses extended off 97.92 (right shoulder of head & shoulders top, 97.92 LS/ |
|100.09 head) to capture the 92.35 initial target (1.0 proj 100.09/94.47 from |
|97.97). Further declines would seek 91.80 ahead of 91.14, the 61.8% retrace |
|of the 06 Dec/03 Jan rally. Only above 94.65/94.81 delays towards Thur's |
|96.24 high, near pattern neckline (resistance, joins 31 Dec/07 Jan lows). |
|[STRATEGY] LOOK TO SELL. |
[M.A. | |11 Jan HI 94.65 LO 92.31 CL 92.69 ]
| 9DAY 96.24 DN | [] 95.42 FAIR (09 Jan former low) |
| 18DAY 94.75 UP | [] 95.14 FAIR (50% of 97.97/92.31) |
| 30DAY 92.75 UP | [] 94.81 STRG (10 Jan hourly lower high) |
| 9 DAY RSI |[] 94.65 FAIR (11 Jan high) |
! 40.72 (44.37) !============ 93.93 (UPDATE PRICE) NY 14 Jan 1301GMT |
| CONTRACT HIGH |[] 92.53 FAIR (14 Jan intraday low) |
! 100.09 03Jan08 ! [] 92.31 FAIR (11 Jan low) |
| CONTRACT LOW | [] 91.80 FAIR (21 Dec hourly low) |
| 56.58 16Jan07 | [] 91.14 STRG (61.8% of 85.60/100.09) |

GOLD
09:16 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADJ
![ GOLD CASH] TEL 212 907 5804 !
|Gains through the milestone 900 level extend the m-term rally (start 785.00, |
|17 Dec) supported by rising trendline support (joins 25 Dec/02Jan/10 Jan |
|lows). Friday's 887.15 hourly range low should limit dips to retain immediate|
|scope for gains through 918.20, ahead of 953.13. Only clearance below 887.15 |
|would delay towards 876.85, near trendline support. |
|[STRATEGY] BUY DIPS FOR TARGET 935.13. |
[M.A. |Cash |11 Jan HI 898.00 LO 887.15 CL 895.50 ]
| 9DAY 868.29 UP | [] 958.00 STRG (1.0 prjn 413.0-730.0 frm 641.1) |
| 18DAY 842.33 UP | [] 935.13 FAIR (2.618 extn 777/836.70) |
| 30DAY 825.09 UP | [] 918.20 STRG (1.0 extn of 845.4-772.6) |
| 9 DAY RSI |[] 916.70 FAIR (2.000 ext 866/891.40 off 891.40)|
! 83.34 ( 82.45) !============ 907.40 (UPDATE PRICE) NY 14 Jan 1415GMT |
| Major High |[] 898.00 FAIR (11 Jan 2008 high) |
! 91*.** 14JAN08 ! [] 892.20 FAIR (today's low) |
| Major Low | [] 887.15 FAIR (11 Jan low) |
| 251.70 25Aug99 | [] 886.30 FAIR (10 Jan former intraday high) |

EUR/GBP
07:09 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADT
![EUR/GBP] TEL 020-7017-5472 !
|has made steady headway since .7239/54 (05 Dec/all-time traded high (26 May |
|03)) was cleared on 20/21 Dec, this followed consoln between .7089-.7114 and |
|.7216-39. .7493 was met 04 Jan with weakness from there having been |
|supported at .7422 last Tues ahead of extn to yet new highs. .7586 initially|
|met but signs now of an extn to .7600-20+ |
|[STRATEGY] RAISE BUY TO .7555 FOR [.7620] NEXT OBJECTIVE, RAISE STOP (.7532) |
[MOVING AVERAGES |L-TERM HIGH .7586 11JAN08 L-TERM LOW .5681 04MAY00 ]
| 20DAY .7355 UP | [] .7700 FAIR (round figure) |
| 50DAY .7220 UP | [] .7650 FAIR (mid-figure resist) |
| 90DAY .7099 UP | [] [.7620] FAIR (100% extn .7089-.7389 fm .7321) |
| 200DAY .6921 UP |[] .7600 FAIR (161.8 extn .7422-.7509 fm .7460)|
! 9 DAY RSI !============ .7588 (UPDATE PRICE) LDN 14 Jan 12.09 GMT |
| 88.19 (87.73) |[] .7546 FAIR (today's low) |
! TRENDS ! [] (.7532) FAIR (11 Jan low - .7537) |
| MAJOR UP | [] .7523 FAIR (10 Jan intraday low) |
| MINOR UP | [] .7512 FAIR (10 Jan intraday high) |

GBP/CHF
08:24 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADQ
![GBP/CHF] TEL 020-7017-5472 !
|left a lower top at 2.3365 on 04 Dec, below 25 Jul 6-yr high at 2.4970. |
|Losses from there through 2.2970/2.2765 (4 wk uptrend/05 Dec higher low) |
|triggered a break of key 2.2350-70 (May 05/Jan 06 bases), reaching 2.1800 on |
|04 Jan ahead of a bounce to 2.2140 last Tues. Subsequent loss of 2.1880 |
|signalled fresh falls, 2.1425 initially met, signs now of 2.1205-2.1320 extn |
|[POSITION] SHORT AT 2.1870 FOR A [2.1260] NEXT OBJECTIVE, STOP AT (2.1555) |
[MOVING AVERAGES |L-TERM HIGH 10.4166 APR71 L-TERM LOW 1.7550 NOV95 ]
| 20DAY 2.2450 DN | [] 2.1670 FAIR (11 Jan high) |
| 50DAY 2.2861 DN | [] 2.1575 FAIR (today's high) |
| 90DAY 2.3337 DN | [] (2.1555) FAIR (10 Jan low - 2.1545) |
|200DAY 2.3880 DN |[] 2.1520 STRG (2004 lows - 19/25Nov) |
! 9 DAY RSI !============ 2.1400 (UPDATE PRICE) LDN 14 Jan 13.22 GMT |
| 11.92 (13.80) |[] 2.1320 STRG (04Jun03 low) |
! TRENDS ! [] [2.1260] FAIR (03Jun03 low) |
| MAJOR FLAT | [] 2.1205 STRG (02Jun03 low) |
| MINOR DOWN | [] 2.1095 FAIR (old low - 05Mar) |

EUR/CHF
08:21 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADP
![EUR/CHF] TEL 020-7017-5472 !
|left a lower top at 1.6729 on 12 Dec, below 1.6828/10 11/29 Oct double top. |
|Losses from 1.6729 extended to 1.6324 04 Jan, just above the key 23 Nov low |
|at 1.6300. A bounce was reversed at 1.6450 last Tues, latest leg lower |
|breached 1.6324 last Thurs with 1.6229 having been met since then, with scope|
|for 1.6177-1.6206 (17/21 Aug 07 lows) after correcn. Above 1.6315-24 averts |
|[STRATEGY] SELL AT 1.6300 FOR A REVISED [1.6206] OBJECTIVE, STOP AT (1.6334) |
[MOVING AVERAGES |L-TERM HIGH 1.6828 11OCT07 L-TERM LOW 1.4397 21SEP01 ]
| 20DAY 1.6510 DN | [] 1.6351 STRG (11 Jan high) |
| 50DAY 1.6503 DN | [] (1.6334) FAIR (04 Jan low - 1.6324) |
| 90DAY 1.6562 DN | [] 1.6315 STRG (11 Jan/today highs) |
|200DAY 1.6519 FL |[] 1.6300 FAIR (23 Nov low) |
! 9 DAY RSI !============ 1.6260 (UPDATE PRICE) LDN 14 Jan 13.13 GMT |
| 17.19 (28.34) |[] 1.6229 FAIR (2008 low - today) |
! TRENDS ! [] 1.6214 FAIR (21 Aug 07 intraday low) |
| MAJOR UP | [] [1.6206] STRG (21 Aug 07 low) |
| MINOR DOWN | [] 1.6199 FAIR (17 Aug 07 intraday low) |

EUR/CAD
08:19 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXADK
![EUR/CAD] TEL 020 7017 5476 !
|has been trading in a well defined multi year wedge. Fell to 1.3285 (07 Nov |
|low) after a false break to the downside in Q4 2007. The subsequent surge |
|higher has broken the prior downtrend reaching 1.5035 (05 Dec high). Near |
|term price action found support at 1.4150 (December low) and has since broken|
|the Dec 07 high. Initially targets 1.5180. Below 1.4150 defers |
|[STRATEGY] MISSED BUY FOR A [1.5180] OBJECTIVE. STAND ASIDE FOR NOW |
[MOVING AVERAGES |L-TERM HIGH 1.8265 04JAN99 L-TERM LOW 1.2470 26OCT00 ]
| 20DAY 1.4533 UP | [] 1.5370 FAIR (19 Apr 07 high) |
| 50DAY 1.4479 UP | [] 1.5270 FAIR (26/27 Apr 07 highs - 1.5270/70) |
| 90DAY 1.4265 UP | [] 1.5245 FAIR (30 Apr 07 high) |
|200DAY 1.4448 DN |[] 1.5180 FAIR (24/25/27Apr07 lows-1.5180/85/90 |
! 9 DAY RSI !============ 1.5175 (UPDATE PRICE) LDN 14 Jan 13.16 GMT |
| 87.98 (82.80) |[] 1.5035 STRG (05 Dec 07 high) |
! TRENDS ! [] 1.4950 FAIR (12/14 Dec 07 highs) |
| MAJOR DOWN | [] 1.4895 FAIR (11 Jan low) |
| MINOR UP | [] 1.4835 FAIR (04/09 Jan highs - 1.4825/35) |

GBP/JPY
09:13 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABG
![GBP/JPY] TEL 020-7017-5474 !
|fell from 228.35 (27 Dec high) to reach an earlier pattern obj at 213.50 on |
|04 Jan. A bounce then followed to 217.30 establishing a 213.50 to 217.30 |
|consoln, unwinding over-sold daily studies. Losing 213.50-60 support zone |
|has now completed a further bear configuration that projects the 209.50 area |
|next. Over 213.00/213.40 needed to neutralise short-term. |
|[STRATEGY] SELL 212.00 FOR A [209.55] OBJECTIVE, STOP AT (213.05) |
[MOVING AVERAGES |L-TERM HIGH 465.85 NOV82 L-TERM LOW 128.30 APR95 ]
| 20DAY 221.24 DN | [] 214.00 FAIR (11 Jan intraday high) |
| 50DAY 225.42 DN | [] 213.40 FAIR (today's high) |
| 90DAY 229.80 DN | [] (213.05) FAIR (abv figure resist) |
|200DAY 235.61 DN |[] 212.05 FAIR (11 Jan low) |
! 9 DAY RSI !============ 211.10 (UPDATE PRICE) LDN 14 Jan 14.14 GMT |
| 17.42 (22.89) |[] 210.65 STRG (12 Jul 06 low) |
! TRENDS ! [] 210.10 FAIR (11 Jul 06 low) |
| MAJOR DOWN | [] [209.55] STRG (10 Jul 06 low) |
| MINOR DOWN | [] 208.90 FAIR (30 May 06 low) |

GBP/AUD
08:15 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABW
![GBP/AUD] TEL 020 7017 5476 !
|reached 2.5645 on 17 Aug before steady losses to 2.2185 on 29 Oct were |
|followed by a recovery to a lower top at 2.3865 (26 Nov). Lower high at |
|2.3605 (17 Dec) drove losses to 2.2295 (04 Jan low). Subsequent high at |
|2.2740 then broke 2.2295 to target weekly bearish channel support near |
|2.1750. Channel support should provide strength for a recovery bounce. |
|[POSITION] LONG AT 2.1855 FOR A [2.2155] OBJECTIVE, STOP AT (2.1700) |
[MOVING AVERAGES |L-TERM HIGH 3.0380 27SEP01 L-TERM LOW 1.2840 28OCT76 ]
| 20DAY 2.2679 DN | [] 2.2240 FAIR (10 Jan high) |
| 50DAY 2.2997 DN | [] [2.2155] FAIR (09 Jan low) |
| 90DAY 2.3021 DN | [] 2.2090 FAIR (10 Jan intraday low)) |
|200DAY 2.3500 DN |[] 2.1975 FAIR (11 Jan high) |
! 9 DAY RSI !============ 2.1775 (UPDATE PRICE) LDN 14 Jan 13.13 GMT |
| 19.42 (14.12) |[] (2.1700) FAIR (2008 low - 11 Jan low/2.1745) |
! TRENDS ! [] 2.1615 FAIR (Ext 2.3680-2.2920 fm2.3605) |
| MAJOR FLAT | [] 2.1505 FAIR (Nov 95 high) |
| MINOR DOWN | [] 2.0630 FAIR (1.6 proj 2.4020-2.2435 fm2.3195)|

EUR/JPY
08:47 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABF
![EUR/JPY] TEL 020-7017-5474 !
|fell from 166.67 (27 Dec high) to eventually find suppt at 158.75 on 03 Jan. |
|A shallow corrective channel has developed and 162.30 has reached Fri, just |
|shy of 162.40 (38% of 166.56-159.75). Probing under suppt at 162.35 (lower |
|corrective channel) now resumes decline off 166.67, and opens 159.55 ahead of|
|159.37 (27 Nov 07 low). Over resist at 161.52 needed to delay. |
|[POSITION] SHORT AT 161.45 FOR [159.37] OBJECTIVE, STOP (161.05) |
[MOVING AVERAGES |L-TERM HIGH 169.05 23JUL07 L-TERM LOW 88.93 26OCT00 ]
| 20DAY 162.68 DN | [] 161.90 FAIR (11 Jan intraday high) |
| 50DAY 162.69 DN | [] 161.68 FAIR (03 Jan high) |
| 90DAY 163.06 UP | [] 161.52 FAIR (today's high) |
|200DAY 162.89 UP |[] (161.05) FAIR (abv figure resist) |
! 9 DAY RSI !============ 160.60 (UPDATE PRICE) LDN 14 Jan 13.36 GMT |
| 42.46 (55.09) |[] 159.92 FAIR (07/09 Jan lows -159.92/160.02) |
! TRENDS ! [] 159.75 STRG (03/04 Jan lows- 159.75/78) |
| MAJOR UP | [] [159.37] STRG (27 Nov 07 low) |
| MINOR DOWN | [] 159.02 FAIR (30 Aug 07 low)) |

EUR/AUD
08:22 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABV
![EUR/AUD] TEL 020 7017 5476 !
|rallied from 1.5495 (01 Nov) to reach 1.7160 (23 Nov), short of a full |
|retrace of prior 1.7460-1.5495 fall. Recent correction from 1.7160 (23 Nov |
|high) has been choppy; ranging between 1.6490 (12 Dec low) - 1.7160. A |
|breakdown below 1.6490 will end hopes for a higher platform to underpin |
|eventual retest of 1.7160, triggering setbacks to 1.6225 instead. |
|[POSITION] SHORT AT 1.6600 FOR A [1.6400] OBJECTIVE, STOP AT (1.6670) |
[MOVING AVERAGES |L-TERM HIGH 1.9340 04JAN99 L-TERM LOW 1.5006 05MAY00 ]
| 20DAY 1.6677 DN | [] 1.6820 FAIR (17/18 Dec 07 highs - 1.6810/20) |
| 50DAY 1.6602 UP | [] 1.6765 STRG (07 Jan low) |
| 90DAY 1.6341 DN | [] (1.6670) FAIR (10 Jan high - 1.6660) |
|200DAY 1.6258 UP |[] 1.6640 FAIR (08 Jan low) |
! 9 DAY RSI !============ 1.6550 (UPDATE PRICE) LDN 14 Jan 13.21 GMT |
| 37.50 (29.35) |[] 1.6505 FAIR (21 Dec 07 low) |
! TRENDS ! [] 1.6480 FAIR (11 Jan low) |
| MAJOR FLAT | [] [1.6400] FAIR (27 Aug 07 low) |
| MINOR FLAT | [] 1.6315 FAIR (19 Nov 07 low) |

CHF/JPY
08:34 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABH
![CHF/JPY] TEL 020-7017-5474 !
|strengthened off 96.45 (22 Oct low) to reach 100.70 on 07 Nov, bef correcting|
|sharply to 96.80 (12 Nov low). This has defined a multi-week consolidation. |
|Relapse from 100.30 (28 Dec high) found a foothold at 97.35 (03 Jan low), and|
|the short-term structure turned positive. 99.35 now guards 100.30 while |
|below 98.20-40 risks a re-test on 97.35. |
|[STRATEGY] STAND ASIDE |
[MOVING AVERAGES |L-TERM HIGH 116.60 AUG90 L-TERM LOW 58.75 07SEP00 ]
| 20DAY 98.51 UP | [] 100.50 FAIR (09 Nov 07 high) |
| 50DAY 98.57 DN | [] 100.00 FAIR (figure resist) |
| 90DAY 98.44 UP | [] 99.80 STRG (14 Nov 07 highs) |
| 200DAY 98.59 UP |[] 99.35 STRG (02/11 Jan high - 99.30/35) |
! 9 DAY RSI !============ 98.60 (UPDATE PRICE) LDN 14 Jan 13.35 GMT |
| 60.16 (69.35) |[] 98.40 FAIR (07/08 Jan highs) |
! TRENDS ! [] 98.20 FAIR (10 Jan low) |
| MAJOR UP | [] 97.80 FAIR (09 Jan low) |
| MINOR UP | [] 97.45 STRG (04 Dec 07 low) |

AUD/JPY
09:18 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABD
![AUD/JPY] TEL 020-7017-5474 !
|fell from 107.85 (2007 high, 31 Oct/01 Nov) to eventually find support at |
|93.00 on 26 Nov. A base then formed with a gradual rise off 95.25 (05 Dec) to|
|100.15, just below 50% of 107.85-93.00 downleg. A sell-off reached 94.40 |
|on4/7 Jan, while last Tue's break above 95.95 has triggered a recovery phase |
|focusing 98.55 (02 Jan high) bef 100.15. Below, 96.40 now underpins structure|
|[STRATEGY] AWAIT SIGNAL |
[MOVING AVERAGES |L-TERM HIGH 266.40 11JUL82 L-TERM LOW 55.45 18OCT00 ]
| 20DAY 97.50 FL | [] 98.55 STRG (2008 high - 02 Jan) |
| 50DAY 97.95 DN | [] 98.35 FAIR (10 Jan high) |
| 90DAY 99.80 UP | [] 97.85 FAIR (11 Jan intraday high) |
|200DAY 100.20 FL |[] 97.55 FAIR (today's high) |
! 9 DAY RSI !============ 97.00 (UPDATE PRICE) LDN 14 Jan 13.42 GMT |
| 53.11 (64.74) |[] 96.35 FAIR (50% retr/tdys low 96.35/40) |
! TRENDS ! [] 96.05 STRG (09 Jan intraday low) |
| MAJOR UP | [] 95.90 FAIR (61.8% retrace of 94.40-98.35) |
| MINOR UP | [] 95.60 FAIR (09 Jan low) |

CAD/JPY
08:31 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABE
![CAD/JPY] TEL 020-7017-5474 !
|fell from 125.50 (07 Nov 07 high) to find support at 108.15 & 107.95 (27 Nov/|
|05 Dec). The reversal from there reached 116.80 (50% of 125.50-107.95 |
|downleg) marking a right shoulder of a weekly head & shoulder pattern. Steep |
|correc'n followed to 107.85/108.05 neckline, breached Fri. This has triggered|
|next phase lower toward 103.40 (2007 low). Above 107.10 needed to delay. |
|[STRATEGY] SELL AT 106.90 FOR A [104.70] OBJECTIVE, STOP AT (107.90) |
[MOVING AVERAGES |L-TERM HIGH 136.40 APR90 L-TERM LOW 57.80 APR95 ]
| 20DAY 111.91 DN | [] (107.90) STRG (04 Jan low - 107.85) |
| 50DAY 112.38 DN | [] 107.75 FAIR (10 Jan low) |
| 90DAY 114.35 FL | [] 107.35 FAIR (11 Jan intraday low) |
|200DAY 112.78 UP |[] 107.10 STRG (11 Jan intraday high) |
! 9 DAY RSI !============ 105.85 (UPDATE PRICE) LDN 14 Jan 13.31 GMT |
| 19.69 (29.51) |[] 105.75 FAIR (17 Aug 07 intraday low) |
! TRENDS ! [] 105.10 FAIR (17 Aug 07 intraday low) |
| MAJOR UP | [] [104.70] FAIR (16 Aug 07 intraday low) |
| MINOR DOWN | [] 104.10 STRG (16 Aug 07 low) |

AUD/NZD
08:35 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXABC
![AUD/NZD] TEL 020 7017 5476 !
|recovering off 1.1145 (14 Dec low) after a 1-1/2 month decline from 1.2080 |
|(01 Nov high). 38.2% retracement at 1.1500 completed so far on 09 Jan, ahead|
|of latest easing towards 1.1330-50 support. Unless current weakness extends |
|below 1.1250-85 higher lows, further recovery towards 1.1600/15 (30 nov 07 |
|lower top/50% retrace) is still feasible in the short term. |
|[POSITION] LONG AT 1.1180 FOR A REVISED [1.1500] OBJ, STOP AT (1.1340) |
[MOVING AVERAGES |L-TERM HIGH 1.4270 Apr 92 L-TERM LOW 1.0435 05 Dec 05 ]
| 20DAY 1.1375 UP | [] 1.1545 FAIR (04 Dec 07 high) |
| 50DAY 1.1495 DN | [] [1.1500] STRG (09 Jan high/38.2% 1.2080-1.1145)|
| 90DAY 1.1635 DN | [] 1.1460 FAIR (31 Dec 07 high) |
|200DAY 1.1420 FL |[] 1.1435 FAIR (10/11 Jan highs) |
! 9 DAY RSI !============ 1.1390 (UPDATE PRICE) LDN 14 Jan 13.30 GMT |
| 42.79 (49.92) |[] (1.1340) FAIR (11 Jan low - 1.1350) |
! TRENDS ! [] 1.1330 FAIR (03/07 Jan lows) |
| MAJOR FLAT | [] 1.1285 FAIR (30 Dec 07 low) |
| MINOR FLAT | [] 1.1250 STRG (21 Dec 07 low) |

INDEX
09:00 14JAN08 [IGM FOREIGN EXCHANGE] INDEX <IGMFX> US19124 FXACK
![US$ Index] TEL 212-907-5803 !
|retreated from 82.132 on 16 Aug to break Sep 1992 all-time low at 78.210 on |
|25 Sep. Losses reached 74.484 on 23 Nov, ahead of a choppy recovery to |
|77.854 (19 Dec). The subsequent dip to 75.429 (04 Jan) was followed by a |
|corrective recovery to 76.517 last Thurs ahead of latest extn lower. Today's|
|loss of 75.429 raises fears of an extn lower toward 75.076-75.126 |
|[STRATEGY] SELL AT 75.782 FOR A [75.126] OBJECTIVE, STOP AT (75.982) |
[MOVING AVERAGES |L-TERM HIGH 121.020 06Jul01 L-TERM LOW 74.484 23Nov07 ]
| 20DAY 76.716 DN | [] 76.061 STRG (11 Jan high) |
| 50DAY 76.186 DN | [] 76.016 FAIR (today's high) |
| 90DAY 77.211 DN | [] (75.982) STRG (today's intraday high - 75.932) |
|200DAY 79.674 DN |[] 75.786 FAIR (11 Jan low) |
! 9 DAY RSI !============ 75.510 (UPDATE PRICE) NY 14 Jan 14.00 GMT |
| 41.06 (37.57) |[] 75.315 FAIR (29 Nov 07 intraday high) |
! TRENDS ! [] 75.229 FAIR (23/27 Nov 07 highs - 75.229/243)|
| MAJOR DOWN | [] [75.126] FAIR (29 Nov 07 low) |
| MINOR DOWN | [] 75.076 STRG (28 Nov 07 low) |

Sulaiman Ben ZerQi

23-01-2008, 10:47 PM

Sulaiman Ben ZerQi

24-01-2008, 11:36 AM