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Recent Recommended Trades

Tue, Aug 19 2008, 08:33 GMT
by AceTrader Team

AceTrader

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Update Time:     18 Aug 2008 16:02GMT
EUROPEAN CLOSING EUR/USD OUTLOOK - +1.4740+

As euro has remained under pressure after intra-
day retreat fm 1.4768, suggesting caution on our
long n 1.4675/80 must hold for another rebound but
abv 1.4740/45 is needed to signal low has been made
n bring further gain to 1.4768.

Trade fm long side, stop as indicated, only be-
low 1.4672 wud risk re-test of 1.4645 (Aust. low)..

   Rate:     +1.4740+
   Strategy:     +Target met+
   Position:     Long at 1.4700
   Objective:     1.4740
   Stop-Loss:     
   Resistance:     1.4740/1.4768/1.4792
   Support:     1.4672/1.4645/1.4615

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Update Time:     18 Aug 2008 11:14GMT
SPOT SILVER DAILY OUTLOOK - +13.00+

Although silver's intra-day rebound suggests cau-
tion on our short, as long as 13.35 res holds, a re
treat is still seen but 12.72 wud contain downside.

Hold short with stop as indicated, abv may risk
stronger retrace. of recent fall to 13.60/70...

   Rate:     +13.00+
   Strategy:     +Target met+
   Position:     Short at 13.30
   Objective:     13.00
   Stop-Loss:     
   Resistance:     13.35 / 13.74 / 14.15
   Support:     13.00 / 12.72 / 12.25

***************************************************
Update Time:     18 Aug 2008 07:09GMT
DAILY OUTLOOK ON NZD/USD - 0.7100

Although kiwi has risen in tandem with A$, near
term 'loss of momentum' shud limit upside to 0.7140
/50 n risk has increased for a retreat later.

Wud be prudent to exit long at 0.7035 n stand
aside. Below 0.7035 wud signal top is made, 0.7000.

   Rate:     0.7100
   Strategy:     Exit long
   Position:     Long at 0.7035
   Objective:     
   Stop-Loss:     
   Resistance:     0.7125/0.7165/0.7219
   Support:     0.7080/0.7035/0.6990

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Published on  Tue, Aug 19 2008, 08:35 GMT