Recent Recommended Trades

Wed, May 14 2008, 05:24 GMT
by AceTrader Team

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Update Time:     14 May 2008 01:47GMT
INTRA-DAY AUD/USD OUTLOOK - +0.9390+

Although A$ has recovered after y'day's selloff
to 0.9386 n sideways trading wud be seen in Asia,
as long as 0.9435/40 holds, consolidation with down
side bias remains but below said sup is needed to
bring weakness twd 0.9348 sup later today.

Sell on recovery in anticipation of this move n
only abv 0.9454/57 wud risk re-test of 0.9480...

   Rate:     +0.9390+
   Strategy:     +Target met+
   Position:     +Short at 0.9425+
   Objective:     0.9390
   Stop-Loss:    
   Resistance:     0.9454/0.9480/0.9507
   Support:     0.9386/0.9348/0.9300
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Update Time:     13 May 2008 12:30GMT
INTRA-DAY USD/JPY OUTLOOK - +103.95+

As renewed buying at 103.39 has lifted dlr, con
solidation with upside bias is seen but a break abv
104.00/04 is needed to signal upmove fm y'day's low
at 102.85 to retrace recent decline has resumed n
extend gain to 104.20/30.

Hold long with stop as indicated n only below
103.27 wud abort present bullishness on dlr....

   Rate:     +103.95+
   Strategy:     +Target met+
   Position:     Long at 103.60
   Objective:     103.95
   Stop-Loss:    
   Resistance:     104.04/104.59/104.95
   Support:     103.27/102.95/102.57
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Update Time:     13 May 2008 09:13GMT
DAILY GBP/USD OUTLOOK - 1.9482

Despite brief but strg cross-inspired rise to
1.9590, cable's selloff fm there suggests recent
erratic decline has possibly resumed but break of
prev. sup at 1.9441 is needed to confirm n extend
weakness to 1.9400/10 'later'.

Wud be prudent to exit short n look to sell
again on recovery as 1.9550/60 shud cap upside...

   Rate:     1.9482
   Strategy:     Exit short
   Position:     Short at 1.9550
   Objective:    
   Stop-Loss:    
   Resistance:     1.9516/1.9590/1.9635
   Support:     1.9441/1.9409/1.9363

More winning Trades ....

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Published on  Wed, May 14 2008, 05:57 GMT

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