Recent Recommended Trades

Mon, Jun 30 2008, 04:49 GMT
by AceTrader Team

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Update Time:     27 Jun 2008 19:40GMT
INTRA-DAY GBP/USD OUTLOOK - 1.9942

Cable's sideways trading after intra-day rally
to 1.9952 is likely to continue n a minor pullback
cannot be ruled out, however, below 1.9927 (minor
sup) needed to signal a temp. top has possibly been
formed n yield retrace. twds 1.9895.

Wud be prudent to exit long n stand aside. Abv
said res extends marginally but 1.9980/85 wud hold.

   Rate:     1.9942
   Strategy:     Exit long
   Position:     Long at 1.9915
   Objective:     
   Stop-Loss:     
   Resistance:     1.9952/2.0000/2.0029
   Support:     1.9927/1.9895/1.9845

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Update Time:     27 Jun 2008 17:26GMT
INTRA-DAY USD/CHF OUTLOOK - +1.0175+

Dlr's retreat after meeting renewed selling
below 1.0220 suggests recovery fm 1.0166 has ended
there n consolidation with downside bias wud be
seen, however, below said sup is needed to confirm
decline has resumed n extend to 1.0140/49.

Hold short with stop as indicated, break wud
risk correction to 1.0250 b4 down...

   Rate:     +1.0175+
   Strategy:     +Target met+
   Position:     Short at 1.0215
   Objective:     1.0175
   Stop-Loss:     
   Resistance:     1.0220/1.0270/1.0303
   Support:     1.0166/1.0149/1.0103

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Update Time:     27 Jun 2008 17:44GMT
DAILY EUR/USD OUTLOOK - +1.5785+

Although euro has retreated after intra-day re-
sumption of upmove to 1.5783, as long as 1.5720
holds, bullishness remains for one more rise twds
1.5800, however, loss of momentum shud cap price
below 1.5844 res n yield correction later.

Trade fm long side with stop at break-even as
below wud signal temp. top is made, 1.5687 n 1.5650

   Rate:     +1.5785+
   Strategy:     +Target met+
   Position:     Long at 1.5720
   Objective:     1.5785
   Stop-Loss:     
   Resistance:     1.5786/1.5844/1.5880
   Support:     1.5720/1.5687/1.5628

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Published on  Mon, Jun 30 2008, 06:04 GMT

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