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Wed, May 7 2008, 06:53 GMT
by AceTrader Team

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Update Time:     05 May 2008 23:16GMT
INTRA-DAY GBP/USD OUTLOOK - 1.9739

Cable's rebound fm 1.9656 suggests the erratic
decline fm 1.9910 has made a low y'day n consolida-
tion with upside bias is seen for a correction to
1.9755/60 n then twds 1.9785, however, near term
o/bot condition shud cap price below 1.9800/10.

Exit long n buy again on dips with stop as indi
cated, below risks 1.9670/75 but 1.9656 shud hold..

   Rate:     1.9739
   Strategy:     Exit long n buy at 1.9715
   Position:     Long at 1.9700
   Objective:     1.9755
   Stop-Loss:     1.9690
   Resistance:     1.9785/1.9840/1.9898
   Support:     1.9714/1.9677/1.9656
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Update Time:     05 May 2008 19:44GMT
SPOT GOLD DAILY OUTLOOK - +873.50+

Gold's intra-day rally signals upmove fm last
Friday's low at 846.20 to retrace recent decline
remains in force n gain twds 876.10 is seen.

Hold long, stop as indicated, break wud defer n
risk weakness to 861.60...

   Rate:     +873.50+
   Strategy:     +Target met+
   Position:     Long at 863.50
   Objective:     873.50
   Stop-Loss:    
   Resistance:     876.10/881.70/887.70
   Support:     864.00/861.60/856.00
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Update Time:     05 May 2008 14:10GMT
INTRA-DAY USD/CHF OUTLOOK - +1.0585+

As dlr has staged a strg bounce after trading abv
intra-day sup at 1.0518, retaining our bullishness
for upmove to resume but break of Friday's 1.0610
high is needed to confirm n extend twds 1.0630/35
later today.

Trade fm long side, stop as indicated, Only a
breach of said sup wud abort n risk 1.0509 1st...

   Rate:     +1.0585+
   Strategy:     +Target met+
   Position:     Long at 1.0540
   Objective:     1.0585
   Stop-Loss:    
   Resistance:     1.0610/1.0639/1.0660
   Support:     1.0518/1.0465/1.0400
More winning Trades ....

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Published on  Wed, May 7 2008, 08:02 GMT

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