Recent Recommended Trades

Wed, Jul 9 2008, 02:02 GMT
by AceTrader Team

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Update Time:     08 Jul 2008 16:44GMT
DAILY USD/CHF OUTLOOK - +1.0340+

Despite intra-day cross-inspired fall to 1.0219
, subsequent rebound suggests pullback fm 1.0344
(y'day's high) has possibly ended there n consolida
tion with upside bias is seen but break of said res
needed to extend upmove twd 1.0375/80.

Trade fm long side with stop now as indicated,
break wud risk another decline to 1.0219 1st...

   Rate:     +1.0340+
   Strategy:     +Target met+
   Position:     Long at 1.0278
   Objective:     1.0340
   Stop-Loss:     
   Resistance:     1.0344/1.0391/1.0450
   Support:     1.0219/1.0166/1.0116

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Update Time:     08 Jul 2008 23:04GMT
DAILY EUR/CHF CROSS OUTLOOK - +1.6190+

Euro's strg rebound after finding reneweed buy-
ing at 1.6080 signals pullback fm y'day's high at
1.6166 has possibly ended there n a breach of said
res wud extend erratic upmove fm 1.6016 to 1.6197/
00 later.

Hold long with stop as indicated n only below 1.
6063 signals corrective rise fm 1.6016 is over...

   Rate:     +1.6190+
   Strategy:     +Target met+
   Position:     Long at 1.6120
   Objective:     1.6190
   Stop-Loss:     
   Resistance:     1.6202/1.6250/1.6301
   Support:     1.6128/1.6080/1.6016

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Update Time:     08 Jul 2008 12:55GMT
DAILY GBP/USD OUTLOOK - 1.9727

Although present anticipated selloff fm 1.9797
suggests recovery fm y'day's low at 1.9649 has pos-
sibly ended there n consolidation with downside
bias wud be seen, breach of 1.9695/08 needed to con
firm decline fm 2.0008 has resumed to 1.9649 again.

Wud be prudent to exit short n stand aside. Abv
1.9797 wud bring stronger retrace. to 1.9849...

   Rate:     1.9727
   Strategy:     Exit short
   Position:     Short at 1.9790
   Objective:     
   Stop-Loss:     
   Resistance:     1.9797/1.9849/1.9890
   Support:     1.9695/1.9649/1.9585


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