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Recent Recommended Trades
Fri, Jul 25 2008, 01:18 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: 24 Jul 2008 14:08GMT
INTRA-DAY USD/JPY OUTLOOK - +107.45+
Dlr's intra-day sideways trading is likely to
continue n as long as res at 107.99 holds, consoli-
dation with downside bias remains but break of sup
at 107.45 (prev. res) is needed to confirm top has
been formed n bring correction to 107.17.
Trade fm short side with stop abv said res as
break wud risk one more rise to 108.19...
Rate: +107.45+
Strategy: +Target met+
Position: Short at 107.75
Objective: 107.45
Stop-Loss:
Resistance: 107.99/108.19/108.59
Support: 107.17/106.84/106.32
***************************************************
Update Time: 24 Jul 2008 14:04GMT
INTRA-DAY EUR/USD OUTLOOK - +1.5705+
Failure to extend intra-day rebound fm 1.5638 n
current retreat suggest caution on our long n 1.56
45/50 must hold for prospect of another corrective
rise, abv 1.5708 res wud confirm temp. low is made,
bring retrace. twds 1.5725/30.
Trade fm long side, stop as indicated, only be-
low said sup wud extend decline twds 1.5610/15...
Rate: +1.5705+
Strategy: +Target met+
Position: Long at 1.5670
Objective: 1.5705
Stop-Loss:
Resistance: 1.5708/1.5758/1.5798
Support: 1.5638/1.5611/1.5585
***************************************************
Update Time: 24 Jul 2008 08:31GMT
INTRA-DAY GBP/USD OUTLOOK - +1.9840+
Cable's intra-day selloff below 1.9897 confirms
erratic decline fm 2.0162 to retrace early upmove
has resumed n further weakness to 1.9830/40 is envi
saged, however, nr term o/sold condition shud limit
downside to 1.9815 n yield rebound later.
Sell at market with stop as indicated, break wud
defer but reckon 1.9944 wud remain intact....
Rate: +1.9840+
Strategy: +Target met+
Position: +Short at 1.9883
Objective: 1.9840
Stop-Loss:
Resistance: 1.9897/1.9944/1.9961
Support: 1.9815/1.9780/1.9750
***************************************************
Published on Fri, Jul 25 2008, 01:23 GMT
Archive
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Published On Tue, Sep 30 2008, 06:40 GMT
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©2008 "FXstreet.com. The Forex Market" All Rights Reserved.
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.
©2008 "FXstreet.com. The Forex Market" All Rights Reserved.