Recent Recommended Trades

Thu, Jul 24 2008, 05:59 GMT
by AceTrader Team

AceTrader


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Update Time:     23 Jul 2008 07:26GMT
DAILY AUD/USD OUTLOOK - 0.9675

Despite present anticipated resumption of the
corrective decline fm last week's top at 0.9851,
near term o/sold condition shud prevent steep fall
below 0.9645 n reckon sup at 0.9596 wud hold, yield
recovery later.

Wud be prudent to exit short n stand aside. Abv
0.9739 wud signal low is made, 0.9760/70...

   Rate:     0.9675
   Strategy:     Exit short
   Position:     Short at 0.9735
   Objective:     
   Stop-Loss:     
   Resistance:     0.9739/0.9792/0.9851
   Support:     0.9645/0.9596/0.9545
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Update Time:     23 Jul 2008 06:53GMT
WEEKLY OUTLOOK ON GBP/JPY - +214.80+

Stg's rebound after meeting renewed buying at 208
.03 last wk signals recent upmove has resumed, abv
213.90 extends twds 215.00 but 216.00/10 shud hold.

Buy on pullback with stop below 211.61, break wud
prolong choppy trading n risk 210.33...

   Rate:     +214.80+
   Strategy:     +Target met+
   Position:     +Long at 212.20+
   Objective:     214.80
   Stop-Loss:     
   Resistance:     213.90/ 215.11/216.04
   Support:     211.61/210.33/208.03
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Update Time:     23 Jul 2008 06:48GMT
WEEKLY OUTLOOK ON USD/YEN - +107.70+

Last week's cross-inspired rally fm 103.77 sug-
gests the correction fm 108.59 has ended there n
consolidation with upside bias remains for further
gain twds 107.75, however, breach of this res is
needed to confirm upmove fm 95.77 (March '08) has
'finally' resumed, 108.59 n then 109.30/40.

Buy on pullback with stop as indicated n only
below 105.29 (prev. res) aborts, risks weakness to
104.70/80 n then re-test of said sup...

   Rate:     +107.70+
   Strategy:     +Target met+
   Position:     +Long at 106.20+
   Objective:     107.70
   Stop-Loss:     
   Resistance:     107.75/108.59/109.48
   Support:     106.05/105.29/104.76
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Published on  Thu, Jul 24 2008, 07:14 GMT

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