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Recent Recommended Trades
Wed, Jul 16 2008, 06:31 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: 15 Jul 2008 18:43GMT
DAILY EUR/GBP CROSS OUTLOOK - +0.7935+
Euro's selloff fm 0.8025 signals recent erratic
upmove fm 0.7849 has formed a temp. top y'day n
a stronger retrace. of aforesaid rise to 0.7935 is
envisaged, however, o/sold condition shud limit
downside to 0.7902 n yield rebound later.
Sell on recovery with stop as indicated, break
wud signal pullback has possibly ended, 0.8025...
Rate: +0.7935+
Strategy: +Target met+
Position: +Short at 0.7970+
Objective: 0.7935
Stop-Loss:
Resistance: 0.7958/0.7992/0.8025
Support: 0.7902/0.7870/0.7849
***************************************************
Update Time: 15 Jul 2008 18:13GMT
INTRA-DAY EUR/GBP CROSS OUTLOOK - +0.7940+
Euro's retreat after meeting renewed selling at
0.7971 suggests recovery fm 0.7935 has ended there
is needed to confirm y'day's decline fm 0.8025 has
resumed n extend weakness twd 0.7910/15 b4 prospect
of a rebound due to loss of momentum.
Trade fm short side with stop as indicated, only
abv 0.7971 wud defer n risk gain twds 0.7885...
Rate: +0.7940+
Strategy: +Target met+
Position: Short at 0.7970
Objective: 0.7940
Stop-Loss:
Resistance: 0.7971/0.7992/0.8007
Support: 0.7935/0.7902/0.7870
***************************************************
Update Time: 15 Jul 2008 14:01GMT
INTRA-DAY EUR/USD OUTLOOK - +1.6005+
Although 1.6040 has capped intra-day rally n fur
ther sideways trading wud be seen in U.S. morning
ahead of Bernanke's comments, as long as 1.5945
holds, a rebound is still seen but breach of 1.6023
is needed to confirm uptrend has resumed, 1.6040.
Buy on dips with stop as indicated, break wud
risk stronger retrace. to 1.5925...
Rate: +1.6005+
Strategy: +Target met+
Position: +Long at 1.5965+
Objective: 1.6005
Stop-Loss:
Resistance: 1.6040/1.6075/1.6100
Support: 1.5945/1.5925/1.5882
***************************************************
Published on Wed, Jul 16 2008, 08:40 GMT
Archive
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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.
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