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Recent Recommended Trades
Fri, May 9 2008, 00:47 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 17:45GMT
DAILY OUTLOOK ON USD/CAD - +1.0170+
Usd's rebound after finding renewed buying at
1.0080 suggests nr term upmove fm 0.9999 wud extend
to 1.0170 but reckon 1.0200 res wud remain intact.
Trade fm long side with stop as indicated, break
wud bring weakness to 1.0037...
Rate: +1.0170+
Strategy: +Target met+
Position: Long at 1.0100
Objective: 1.0170
Stop-Loss:
Resistance: 1.0147/1.0200/1.0245
Support: 1.0080/1.0037/0.9988
***************************************************
Update Time: 08 May 2008 12:35GMT
INTRA-DAY EUR/USD OUTLOOK - +1.5315+
Current retreat after meeting renewed selling
at 1.5375/76 suggests intra-day top has possibly
been formed n consolidation with downside bias is
seen but below 1.5305/10 needed to signal decline
has resumed twds 1.5285.
Sell on recovery with stop as indicated, break
wud risk retrace. to 1.5400 b4 down...
Rate: +1.5315+
Strategy: +Target met+
Position: +Short at 1.5355+
Objective: 1.5315
Stop-Loss:
Resistance: 1.5385/1.5410/1.5452
Support: 1.5333/1.5285/1.5265
***************************************************
Update Time: 08 May 2008 11:06GMT
INTRA-DAY GBP/USD OUTLOOK - +1.9565+
Although cable has retreated after intra-day
rally to 1.9614 n minor consolidation wud be seen,
break of 1.9545/50 is needed to signal top has been
formed n bring weakness to 1.9515/20, otherwise,
marginal gain cannot be ruled out.
Turn short on recovery n only a firm rise abv
1.9635 (prev. sup) wud abort daily bearishness...
Rate: +1.9565+
Strategy: +Target met+
Position: +Short at 1.9605+
Objective: 1.9565
Stop-Loss:
Resistance: 1.9614/1.9635/1.9681
Support: 1.9545/1.9503/1.9470
More winning Trades ....
***************************************************
Published on Fri, May 9 2008, 00:49 GMT
Archive
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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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