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Recent Recommended Trades

Wed, Jun 4 2008, 02:45 GMT
by AceTrader Team

AceTrader


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Update Time:     03 Jun 2008 13:04GMT
DAILY USD/JPY OUTLOOK - +104.90+

Despite intra-day anticipated cross-inspired
drop to 103.97, present rebound signals the correct
ion fm 105.88 has made a low there n consolidation
with upside bias is seen but abv 104.92 (prev. sup)
needed to bring stronger gain to 105.20/30 later.

Raise long entry for this move, stop below said
sup, break may risk 103.55/65 b4 recovery occurs...

   Rate:     +104.90+
   Strategy:     +Target met+
   Position:     Long at 104.30
   Objective:     104.90
   Stop-Loss:    
   Resistance:     104.71/104.92/105.54
   Support:     103.87/103.50/103.05

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Update Time:     03 Jun 2008 13:23GMT
INTRA-DAY USD/JPY OUTLOOK - +105.45+

Dlr's rally abv intra-day res at 104.71 confirms
low has been formed at 103.87 n consolidation with
upside bias remains for gain twds 105.30/35, how-
ever, reckon res at 105.54 wud hold fm here n yield
retreat later.

Buy again on dips with stop as indicated, break
wud risk 104.40 but 104.15/20 wud limit downside...

   Rate:     +105.45+
   Strategy:     +Target met+
   Position:     +Long at 105.15+
   Objective:     +105.45+
   Stop-Loss:    
   Resistance:     105.54/105.74/105.88
   Support:     104.71/103.87/103.65

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Update Time:     03 Jun 2008 13:06GMT
INTRA-DAY EUR/USD OUTLOOK - +1.5535+

Despite intra-day rise to 1.5629, subsequent
sharp retreat suggests top has been formed there n
consolidation with downside bias is seen for weak-
ness twds 1.5521, however, break there is needed to
signal decline has resumed twd 1.5487 later.

Sell with stop as indicated n only abv said res
wud risk one more upmove to 1.5650...

   Rate:     +1.5535+
   Strategy:     +Target met+
   Position:     +Short at 1.5570+
   Objective:     1.5535
   Stop-Loss:    
   Resistance:     1.5629/1.5666/1.5700
   Support:     1.5521/1.5487/1.5461


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