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Recent Recommended Trades

Fri, Jul 4 2008, 03:09 GMT
by AceTrader Team

AceTrader

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Update 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

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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

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Published on  Fri, Jul 4 2008, 03:26 GMT