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Recent Recommended Trades

Thu, Aug 28 2008, 07:45 GMT
by AceTrader Team

AceTrader

***************************************************
Update Time:     28 Aug 2008 02:04GMT
INTRA-DAY EUR/USD OUTLOOK - +1.4790+

Despite euro's retreat fm y'day's high at 1.4777
to 1.4666, subsequent strg rebound suggests pull-
back has ended there n abv said res wud extend this
week's corrective rise fm 1.4570 twd 1.4809 later.

Turn cautious buyer for this move n only below
1.4712(Aust.) wud abort near term bullishness n may
risk weakness twd 1.4666...

   Rate:     +1.4790+
   Strategy:     +Target met+
   Position:     +Long at 1.4750+
   Objective:     1.4790
   Stop-Loss:     
   Resistance:     1.4809/1.4862/1.4909
   Support:     1.4740/1.4712/1.4666
***************************************************
Update Time:     27 Aug 2008 14:22GMT
INTRA-DAY EUR/USD OUTLOOK - +1.4705+

Despite intra-day marginal rise to 1.4777, cur
rent retreat after release of better-than-expected
U.S. durable goods data suggests top has possibly
been formed but break of 1.4708 sup is needed to
confirm n bring weakness to 1.4674.

Turn short on recovery with stop as indicated,
only abv said res wud extend gain twds 1.4809...

   Rate:     +1.4705+
   Strategy:     +Target met+
   Position:     +Short at 1.4745+
   Objective:     1.4705
   Stop-Loss:     
   Resistance:     1.4777/1.4809/1.4850
   Support:     1.4674/1.4634/1.4618
***************************************************
Update Time:     27 Aug 2008 14:03GMT
INTRA-DAY GBP/USD OUTLOOK - +1.8415+

Current retreat on dlr's broad-based strength
suggests an intra-day top has possibly been formed
at 1.8489 n consolidation with downside bias wud be
seen but break of 1.8400 is needed to confirm n ex-
tend weakness twds 1.8370.

Turn short with stop as indicated, break wud
risk one more rise twds 1.8509...

   Rate:     +1.8415+
   Strategy:     +Target met+
   Position:     +Short at 1.8455+
   Objective:     1.8415
   Stop-Loss:     
   Resistance:     1.8489/1.8509/1.8533
   Support:     1.8420/1.8400/1.8370
***************************************************

Published on  Thu, Aug 28 2008, 07:59 GMT