Recent Recommended Trades

Wed, Jul 2 2008, 08:47 GMT
by AceTrader Team

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Update Time:     02 Jul 2008 01:30GMT
INTRA-DAY AUD/USD OUTLOOK - +0.9570+

Y'day's rebound fm 0.9512 suggests decline fm
0.9668 has possibly formed a low there n consolida-
tion with upside bias wud be seen for gain twd 0.95
78, however, reckon 0.9594/96 res shud hold in Asia
n yield retreat later.

Trade A$ fm long side with stop as indicated n
only below 0.9512 wud extend weakness to 0.9493...

   Rate:     +0.9570+
   Strategy:     +Target met+
   Position:     Long at 0.9530
   Objective:     0.9570
   Stop-Loss:    
   Resistance:     0.9578/0.9594/0.9633
   Support:     0.9512/0.9493/0.9447

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Update Time:     01 Jul 2008 14:01GMT
INTRA-DAY USD/JPY OUTLOOK - +105.85+

As dlr has fallen after meeting renewed selling
at 105.60/65, suggesting caution on our long n 105.
20 must hold for prospect of another rebound, abv
said res wud signal intra-day low is possibly made
n bring subsequent gain twds 106.00.

Trade fm long side with stop as indicated, be-
low wud risk re-test of 104.99...

   Rate:     +105.85+
   Strategy:     +Target met+
   Position:     Long at 105.45
   Objective:     105.85
   Stop-Loss:    
   Resistance:     106.10/106.47/106.61
   Support:     105.32/104.99/104.50

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Update Time:     01 Jul 2008 14:02GMT
INTRA-DAY EUR/USD OUTLOOK - +1.5750+

As euro has retreated after meeting renewed sell
ing around 1.5803, suggesting intra-day top has pos
sibly been formed at 1.5818 n consolidation with
downside bias is seen for weakness to 1.5750 but
break of 1.5720/23 sup is needed to confirm.

Sell again with stop as indicated, only abv 1.58
18 wud risk re-test of 1.5836...

   Rate:     +1.5750+
   Strategy:     +Target met+
   Position:     Short at 1.5789
   Objective:     1.5750
   Stop-Loss:    
   Resistance:     1.5818/1.5844/1.5880
   Support:     1.5720/1.5687/1.5652


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Published on  Wed, Jul 2 2008, 09:04 GMT

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