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Recent Recommended Trades

Wed, Aug 20 2008, 05:25 GMT
by AceTrader Team

AceTrader

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Update Time:     19 Aug 2008 06:17GMT
INTRA-DAY GBP/USD OUTLOOK - +1.8550+

Current sharp fall on dovish comments fm BOE's
Besley suggests weakness to 1.8550/55 wud be seen,
however, break of 1.8510 sup is needed to confirm
recent decline has resumed, otherwise, recent 'vola
tile' trading wud continue.

Venture selling with stop as indicated, break
wud risk stronger gain to 1.8645/50 b4 retreat...

   Rate:     +1.8550+
   Strategy:     +Target met+
   Position:     +Short at 1.8583+
   Objective:     +1.8550+
   Stop-Loss:     
   Resistance:     1.8617/1.8665/1.8695
   Support:     1.8510/1.8460/1.8400

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Update Time:     19 Aug 2008 03:54GMT
SPOT SILVER DAILY OUTLOOK - +12.50+

Silver is expected to fall in tandem with gold
n weakness to 12.45/50 is seen but below 12.25 is
needed to confirm decline has resumed, 12.00 later.

Sell at market with stop as indicated, abv wud
prolong consolidation n risk rebound to 13.35...

   Rate:     +12.50+
   Strategy:     +Target met+
   Position:     +Short at 12.94+
   Objective:     12.50
   Stop-Loss:     
   Resistance:     13.06 / 13.35 / 13.74
   Support:     12.40 / 12.25 / 12.00

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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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Published on  Wed, Aug 20 2008, 05:32 GMT