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Recent Recommended Trades

Mon, Aug 25 2008, 02:54 GMT
by AceTrader Team

AceTrader

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Update Time:     25 Aug 2008 01:30GMT
WEEKLY OUTLOOK ON NZD/USD - +0.7050+

Despite last week's rise to 0.7217, subsequent
retreat suggests consolidation with downside bias
to 0.7050 is seen but reckon 0.6945 shud hold.

Wud be prudent to exit short n sell on recovery
as only abv said res wud risk retrace. to 0.7300...

   Rate:     +0.7050+
   Strategy:     +Target met+
   Position:     Short at 0.7210
   Objective:     0.7050
   Stop-Loss:     
   Resistance:     0.7217/0.7335/0.7445
   Support:     0.7082/0.6945/0.6824

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Update Time:     25 Aug 2008 00:31GMT
INTRA-DAY USD/JPY OUTLOOK - +110.20+

Friday's rally abv 109.55 confirms dlr's correct
ion fm recent high at 110.67 has ended n consolida-
tion is envisaged in Asia, however, o/bot condition
is likely to limit gain to 110.45/50.

Incline to buy on dips for further headway twd
110.28 n only a firm break of 109.55 wud abort pre-
sent bullish scenario, risk weakness twd 109.10/15.

   Rate:     +110.20+
   Strategy:     +Target met+
   Position:     +Long at 109.85+
   Objective:     +110.20+
   Stop-Loss:     
   Resistance:     110.28/110.50/110.67
   Support:     109.81/109.55/109.10

***************************************************
Update Time:     25 Aug 2008 00:16GMT
DAILY EUR/USD OUTLOOK - +1.4750+

Friday's selloff fm 1.4909 confirms correction
fm last wk's low at 1.4630 has ended there n conso-
lidation with downside bias remains for weakness
twds 1.4743 n then 1.4710/20, however, only breach
of pivotal sup at 1.4672 brings re-test of 1.4630.

Trade fm short side, stop now as indicated, abv
risks 1.4860/65 but reckon 1.4909 shud hold...

   Rate:     +1.4750+
   Strategy:     +Target met+
   Position:     Short at 1.4835
   Objective:     1.4750
   Stop-Loss:     
   Resistance:     1.4792/1.4862/1.4909
   Support:     1.4743/1.4672/1.4630

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Published on  Mon, Aug 25 2008, 03:12 GMT