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Recent Recommended Trades

Thu, Jul 17 2008, 03:56 GMT
by AceTrader Team

AceTrader

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Update Time:     16 Jul 2008 16:36GMT
DAILY USD/JPY OUTLOOK - 104.85

Although intra-day anticipated rebound signals
a temp. low has been formed at 103.77 n consolida-
tion with upside bias remains for retracement of
recent decline twds 105.11, nr term o/bot condition
shud limit upside to 105.50/55.

Exit long n look to buy agian on pullback as
downside shud be ltd to 104.25/30...

   Rate:     104.85
   Strategy:     Exit long
   Position:     Long at 104.22
   Objective:     
   Stop-Loss:     
   Resistance:     104.92/105.11/105.66
   Support:     103.77/103.69/103.30
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Update Time:     16 Jul 2008 14:40GMT
SPOT GOLD DAILY OUTLOOK - +970.00+

Despite gold's brief bounce fm 969.80, dlr's
strength elsewhere suggests 982/983 shud cap upside
n yield another corrective fall fm 988.20 to 966.

Reinstate short at market with stop as indicated,
break wud abort n bring gain to 988.20...

   Rate:     +970.00+
   Strategy:     +Target met+
   Position:     Short at 978.50
   Objective:     970.00
   Stop-Loss:     
   Resistance:     983.00/988.20/997.20
   Support:     969.80/966.00/962.50
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Update Time:     16 Jul 2008 12:04GMT
INTRA-DAY USD/JPY OUTLOOK - +104.20+

Despite intra-day fall to 103.77, current anti-
cipated rebound suggests a temp. low has possibly
been formed n consolidation with mild upside bias
is seen, however, break of 104.52/57 (prev. sup) is
needed to confirm n bring correction to 104.88.

Trade fm long side with stop as indicated, only
below said sup wud risk one more decline to 103.50.

   Rate:     +104.20+
   Strategy:     +Target met+
   Position:     Long at 103.85
   Objective:     104.20
   Stop-Loss:     
   Resistance:     104.57/104.88/105.11
   Support:     103.69/103.30/103.00

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Published on  Thu, Jul 17 2008, 03:58 GMT