Recent Recommended Trades

Fri, Jul 25 2008, 05:59 GMT
by AceTrader Team

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Update 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
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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
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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
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Published on  Fri, Jul 25 2008, 06:02 GMT

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