Recent Recommended Trades

Fri, May 2 2008, 08:37 GMT
by AceTrader Team

AceTrader


AceTrader 1-wk TRIAL

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Update Time:     01 May 2008 12:38GMT
INTRA-DAY EUR/USD OUTLOOK - +1.5475+

As euro has fallen after meeting renewed sell-
ing at 1.5542, suggesting recent decline wud resume
n below 1.5496 sup wud extend weakness to 1.5473,
however, o/sold condition wud limit downside to 1.
5450 n bring rebound later.

Sell with stop as indicated, break wud risk cor
rection to 1.5550/55 b4 down...

   Rate:     +1.5475+
   Strategy:     +Target met+
   Position:     +Short at 1.5505+
   Objective:     1.5475
   Stop-Loss:    
   Resistance:     1.5548/1.5606/1.5644
   Support:     1.5473/1.5416/1.5390
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Update Time:     01 May 2008 12:41GMT
INTRA-DAY EUR/JPY CROSS OUTLOOK - +161.15+

Although euro has recovered after intra-day fall
to 161.24, reckon upside shud be ltd to 161.80 n
bearishness remains for recent decline to resume
for 161.10, below wud confirm n extend weakness twd
160.90 b4 rebound due to o/sold condition.

Trade fm short side, stop as indicated, break
wud risk 162.10/15 b4 down...

   Rate:     +161.15+
   Strategy:     +Target met+
   Position:     Short at 161.60
   Objective:     161.15
   Stop-Loss:    
   Resistance:     162.03/162.45/163.00
   Support:     161.10/160.53/160.00
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Update Time:     01 May 2008 12:38GMT
INTRA-DAY GBP/USD OUTLOOK - +1.9820+

Although cable has recovered after trading abv
intra-day sup at 1.9840, dlr's broad-based strength
shud limit upside n yield retreat, below said sup
wud confirm top has been formed at 1.9910 n bring
retrace. of y'day's rally to 1.9810/15.

Trade fm short side with stop as indicated, abv
wud risk re-test of 1.9910...

   Rate:     +1.9820+
   Strategy:     +Target met+
   Position:     Short at 1.9860
   Objective:     1.9820
   Stop-Loss:    
   Resistance:     1.9910/1.9927/1.9975
   Support:     1.9840/1.9811/1.9769


More winning Trades ....

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Published on  Fri, May 2 2008, 08:50 GMT

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