Recent Recommended Trades

Wed, Jul 23 2008, 06:23 GMT
by AceTrader Team

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Update Time:     23 Jul 2008 04:34GMT
DAILY OUTLOOK ON NZD/USD - +0.7555+

Kiwi's breach of 0.7587 signals decline fm 0.7763
has resumed n further weakness twds 0.7540 is seen
after consolidation but 0.7516 shud hold fm here.

Trade fm short side with stop as suggested, abv
wud indicate a temp. low is made n risk 0.7663...

   Rate:     +0.7555+
   Strategy:     +Target met+
   Position:     Short at 0.7625
   Objective:     0.7555
   Stop-Loss:     
   Resistance:     0.7635/0.7663/0.7684
   Support:     0.7540/0.7516/0.7483

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Update Time:     22 Jul 2008 22:38GMT
DAILY EUR/GBP CROSS OUTLOOK - 0.7924

Although y'day's anticipated selloff suggests
correction fm 0.7909 has ended earlier this week at
0.7975, a break below 0.7902/09 sup area is needed
to confirm decline fm 0.8025 has resumed n extend
to 0.7870, otherwise, choppy trading wud continue.

Wud be prudent to exit short n stand aside. Abv
0.7960 wud prolong consolidation, 0.7975 n 0.7990..

   Rate:     0.7924
   Strategy:     Exit short
   Position:     Short at 0.7960
   Objective:     
   Stop-Loss:     
   Resistance:     0.7939/0.7975/0.8007
   Support:     0.7902/0.7870/0.7820

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Update Time:     22 Jul 2008 14:04GMT
SPOT GOLD DAILY OUTLOOK - +960.00+

Despite gold's brief rise to 976.20, subsequent
selloff suggests recovery fm 950.30 has possibly
ended there n weakness to 957.80 is envisaged.

Sell on recovery with stop as indicated, break
wud abort n risk gain to 976.20 again...

   Rate:     +960.00+
   Strategy:     +Target met+
   Position:     Short at 969.50
   Objective:     960.00
   Stop-Loss:     
   Resistance:     976.20/981.20/988.60
   Support:     962.10/957.80/950.30


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Published on  Wed, Jul 23 2008, 07:22 GMT

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