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Recent Recommended Trades
Tue, Aug 26 2008, 02:14 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: 26 Aug 2008 00:14GMT
DAILY EUR/USD OUTLOOK - +1.4710+
Euro's retreat fm 1.4809 suggests recovery fm
y'day's low at 1.4696 has ended n near term decline
fm 1.4909 shud resume for a re-test of said sup n
then 1.4670/75, however, reckon 1.4630 (last week's
low) wud hold on 1st testing.
Trade fm short side with stop as indicated, abv
prolongs choppy trading n risks rebound twd 1.4852.
Rate: +1.4710+
Strategy: +Target met+
Position: Short at 1.4790
Objective: 1.4710
Stop-Loss:
Resistance: 1.4760/1.4809/1.4862
Support: 1.4696/1.4672/1.4630
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Update Time: 25 Aug 2008 18:27GMT
INTRA-DAY AUD/USD OUTLOOK - 0.8637
Although aussie's anticipated retreat after meet
ing renewed selling at 0.8690 n consolidation with
downside bias wud be seen, below 0.8615 is needed
to signal recent decline has finally resumed, yield
re-test of last wk's 0.8590 low n then 0.8560/70.
Wud be prudent to exit early short n stand aside
. Abv 0.8655/60 prolongs choppy trading, 0.8690...
Rate: 0.8637
Strategy: Exit short
Position: Short at 0.8670
Objective:
Stop-Loss:
Resistance: 0.8690/0.8710/0.8761
Support: 0.8615/0.8590/0.8559
***************************************************
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
***************************************************
Published on Tue, Aug 26 2008, 02:20 GMT
Archive
- Recent Recommended Trades
Published On Fri, Jul 3 2009, 04:31 GMT - Recent Recommended Trades
Published On Thu, Jul 2 2009, 07:52 GMT - Recent Recommended Trades
Published On Thu, Jul 2 2009, 05:42 GMT - Recent Recommended Trades
Published On Tue, Jun 30 2009, 06:02 GMT - Recent Recommended Trades
Published On Mon, Jun 29 2009, 00:22 GMT
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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 trade 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.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
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