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Recent Recommended Trades
Fri, May 16 2008, 07:22 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: 15 May 2008 19:58GMT
INTRA-DAY AUD/USD OUTLOOK - +0.9415+
Aussie's present strg retreat after early rally
to 0.9420 suggests caution on our long n 0.9362
(prev. res, now sup) needs to hold for prospect of
a rebound but abv said res needed to extend intra-
day upmove fm 0.9291 to 0.9454.
Trade fm long side with stop as indicated,
break wud prolong choppy trading n risk 0.9340...
Rate: +0.9415+
Strategy: +Target met+
Position: Long at 0.9385
Objective: 0.9415
Stop-Loss:
Resistance: 0.9427/0.9454/0.9480
Support: 0.9362/0.9340/0.9291
***************************************************
Update Time: 15 May 2008 04:47GMT
INTRA-DAY EUR/JPY CROSS OUTLOOK - +162.60+
Despite euro's intra-day retreat fm 162.80, cur-
rent rebound after holding abv indicated 162.10 sup
suggests as long as this lvl holds, consolidation
with upside bias remains but abv 162.80 is needed
to confirm upmove has resumed, 162.90 n 163.10.
Trade fm long side with stop below there, break
wud signal temp. top is made n risk 161.73...
Rate: +162.60+
Strategy: +Target met+
Position: Long at 162.25
Objective: 162.60
Stop-Loss:
Resistance: 162.90/163.10/163.55
Support: 162.10/161.73/161.53
***************************************************
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
More winning Trades ....
***************************************************
Published on Fri, May 16 2008, 07:40 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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