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Recent Recommended Trades
Thu, May 8 2008, 03:03 GMT
by AceTrader Team
AceTrader 1-wk TRIAL
www.AceTraderFX.com 24-Hr Real-time Signals Consistent Performance Intra-day, Daily, Weekly. with Email Alerts Function Try 1-week for $25 USDUpdate Time: 08 May 2008 02:10GMT
DAILY USD/CHF OUTLOOK - 1.0606
Although intra-day breach of last week's high at
1.0610 signals recent upmove has resumed, near term
o/bot condition is likely to prevent strg gain be-
yond 1.0625 n reckon 1.0650/60 wud limit upside,
yield retreat b4 prospect of another rise later.
Wud be prudent to exit long n stand aside. Below
1.0538 wud signal temp. top is made, 1.0490/00...
Rate: 1.0606
Strategy: Exit long
Position: Long at 1.0550
Objective:
Stop-Loss:
Resistance: 1.0650/1.0729/1.0754
Support: 1.0538/1.0512/1.0428
***************************************************
Update Time: 08 May 2008 01:57GMT
INTRA-DAY USD/CHF OUTLOOK - +1.0610+
Despite o/n retreat fm 1.0594, as dlr has found
renewed buying around 1.0538/40, suggesting recent
upmove has possibly resumed n re-test of last wk's
top at 1.0610 is seen, however, abv there is needed
to extend gain to 1.0625/30.
Buy for this move with stop as indicated, below
wud prolong consolidation n risk 1.0520/25...
Rate: +1.0610+
Strategy: +Target met+
Position: +Long at 1.0573+
Objective: 1.0610
Stop-Loss:
Resistance: 1.0650/1.0668/1.0729
Support: 1.0561/1.0538/1.0512
***************************************************
Update Time: 08 May 2008 01:52GMT
INTRA-DAY EUR/USD OUTLOOK - +1.5320+
Euro's breach of 1.5360/66 signals recent dec-
line fm 1.6020 has resumed n further weakness to
1.5341 n then twds 1.5300/10 is envisaged, however,
o/sold condition has increased risk of a correct-
ive rebound later.
Sell at market n exit on subsequent fall. Abv
1.5406/10 wud indicate intra-day low made, 1.5430..
Rate: +1.5320+
Strategy: +Target met+
Position: +Short at 1.5359+
Objective: 1.5320
Stop-Loss:
Resistance: 1.5360/1.5410/1.5452
Support: 1.5317/1.5282/1.5230
More winning Trades ....
***************************************************
Published on Thu, May 8 2008, 04:18 GMT
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Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management.
Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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