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Recent Recommended Trades

Thu, Sep 4 2008, 03:43 GMT
by AceTrader Team

AceTrader

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Update Time:     03 Sep 2008 23:40GMT
DAILY EUR/GBP CROSS OUTLOOK - +0.8180+

Euro's rebound after trading abv 0.8111 suggests
correction fm this week's record high at 0.8185 has
ended n re-test of this res is seen after consolida
tion, abv wud extend uptrend to 0.8200/10 b4 pros-
pect of a pullback due to loss of momentum.

Hold long with stop as indicated, below wud risk
retreat twds 0.8111 but 0.8091 shud limit downside.

   Rate:     +0.8180+
   Strategy:     +Target met+
   Position:     Long at 0.8125
   Objective:     0.8180
   Stop-Loss:     
   Resistance:     0.8185/0.8200/0.8223
   Support:     0.8111/0.8091/0.8076
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Update Time:     03 Sep 2008 15:29GMT
EUROPEAN CLOSING AUD/USD OUTLOOK - +0.8310+

Depsite aussie's early rebound fm 0.8233 to 0.84
04, current retreat suggests consolidation with
downside bias wud be seen for weakness to 0.8300/10
, however, below is needed to signal recovery has
ended n yield further fall to 0.8270.

Sell on recovery with stop as indicated, abv wud
abort nr term bearishness n risk re-test of 0.8404.

   Rate:     +0.8310+
   Strategy:     +Target met+
   Position:     +Short at 0.8350+
   Objective:     0.8310
   Stop-Loss:     
   Resistance:     0.8404/0.8430/0.8468
   Support:     0.8270/0.8233/0.8200
***************************************************
Update Time:     03 Sep 2008 14:42GMT
SPOT GOLD DAILY OUTLOOK - +799.00+

Despite gold's rebound after early marginal fall
to 789.80, reckon 809.80 wud cap upside n yield
another decline later but said sup wud hold.

Sell on recovery with stop as indicated, break
wud risk stronger retrace. to 817.60...

   Rate:     +799.00+
   Strategy:     +Target met+
   Position:     +Short at 808.50+
   Objective:     799.00
   Stop-Loss:     
   Resistance:     809.80/817.60/820.00
   Support:     789.80/782.80/774.00

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Published on  Thu, Sep 4 2008, 04:05 GMT