Recent Recommended Trades

Thu, May 15 2008, 08:26 GMT
by AceTrader Team

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Update Time:     14 May 2008 21:19GMT
PRE-ASIAN OPENING USD/JPY OUTLOOK - 104.99

Dlr's o/n anticipated retreat after faltering
below y'day's high at 105.45 suggests consolidation
bias remains, however, a breach of 104.75/80 is
needed to confirm recent upmove fm 102.57 has made
a temp. top there n yield weakness to 104.57.

Wud be prudent to exit short n stand aside for
now. Abv 105.15/20 wud bring gain to 105.45...

   Rate:     104.99
   Strategy:     Exit short
   Position:     Short at 105.35
   Objective:    
   Stop-Loss:    
   Resistance:     105.45/105.70/106.00
   Support:     104.57/104.26/104.04
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Update Time:     14 May 2008 13:31GMT
INTRA-DAY USD/JPY OUTLOOK - +104.80+

As dlr has retreated fm 105.45 in part due to
weaker-than-expected U.S inflation data suggests an
intra-day top has been formed n consolidation with
downside bias is seen for a correction to 104.75/80
but break of 104.57 needed to extend to 104.25/30.

Sell at market with stop abv said res, break
wud risk one more rise twds 105.70...

   Rate:     +104.80+
   Strategy:     +Target met+
   Position:     +Short at 105.20+
   Objective:     104.80
   Stop-Loss:    
   Resistance:     105.45/105.70/106.00
   Support:     104.57/104.26/104.04
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Update Time:     14 May 2008 09:01GMT
INTRA-DAY EUR/JPY CROSS OUTLOOK - +162.55+

Euro's rebound after meeting renewed buying at
161.95/00 signals recent upmove has resumed n fur-
ther gain to our indicated obj. is seen, however,
nr term o/bot condition shud limit upside n reckon
162.95/00 wud cap upside n risk retreat later.

Trade fm long side with stop now as suggested,
below wud risk pullback twd 161.95/00 b4 up...

   Rate:     +162.55+
   Strategy:     +Target met+
   Position:     Long at 162.20
   Objective:     162.55
   Stop-Loss:    
   Resistance:     162.70/163.10/163.55
   Support:     161.95/161.73/161.53

More winning Trades ....

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Published on  Thu, May 15 2008, 08:48 GMT

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