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Recent Recommended Trades
Fri, Jul 4 2008, 01:47 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: 03 Jul 2008 14:15GMT
WEEKLY EUR/GBP CROSS OUTLOOK - +0.7975+
Another week of sideways consolidation inside
0.7766-0.8098 range is seen n as long as indicated
0.7833 sup holds, mild upside bias remains for a
bounce to 0.7975 but abv res at 0.8034/35 is needed
to retain bullishness n bring re-test of said upper
lvl next month.
Trade fm long side, stop below said sup n only
break of 0.7766 wud confirm a MT top has been made
n risk stronger correction to 0.7700...
Rate: +0.7975+
Strategy: +Target met+
Position: Long at 0.7875
Objective: 0.7975
Stop-Loss:
Resistance: 0.7998/0.8035/8.0098
***************************************************
Update Time: 03 Jul 2008 16:23GMT
INTRA-DAY EUR/USD OUTLOOK - +1.5685+
Current breach of 1.5720/23 sup suggests intra-
day selloff fm 1.5910 remains in progress n further
weakness to 1.5685/87 is envisaged, however, reckon
1.5652/55 wud limit downside due to nr term o/sold
condition n yield rebound.
Sell with stop as indicated, break wud risk re-
covery to 1.5775/77 b4 down...
Rate: +1.5685+
Strategy: +Target met+
Position: +Short at 1.5719+
Objective: 1.5685
Stop-Loss:
Resistance: 1.5777/1.5858/1.5910
Support: 1.5652/1.5600/1.5570
***************************************************
Update Time: 03 Jul 2008 12:40GMT
INTRA-DAY EUR/USD OUTLOOK - +1.5795+
Despite intra-day rise to 1.5910, subsequent
sharp retreat signals a temp. top has been formed
there n consolidation with downside bias is seen
for correction twds 1.5777 but break there is need-
ed to retain bearishness n extend to 1.5736.
Turn short with stop as indicated, break wud
risk 1.5885/90 but said res wud hold...
Rate: +1.5795+
Strategy: +Target met+
Position: +Short at 1.5833+
Objective: 1.5795
Stop-Loss:
Resistance: 1.5858/1.5910/1.5934
Support: 1.5777/1.5736/1.5723
***************************************************
Published on Fri, Jul 4 2008, 01:49 GMT
Archive
- Recent Recommended Trades
Published On Mon, Oct 6 2008, 06:17 GMT - Recent Recommended Trades
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Published On Tue, Sep 30 2008, 06:40 GMT
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©2008 "FXstreet.com. The Forex Market" All Rights Reserved.
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.
©2008 "FXstreet.com. The Forex Market" All Rights Reserved.