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Recent Recommended Trades
Mon, Sep 8 2008, 04:02 GMT
by AceTrader Team
AceTrader
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Update Time: 08 Sep 2008 01:50GMT
INTRA-DAY AUD/USD OUTLOOK - 0.8295
Despite intra-day rebound after finding renewed
buying at 0.8255, abv 0.8343 (NZ) is needed to con-
firm upmove fm Friday's low at 0.8028 to retrace
recent decline has resumed n extend to 0.8370/80,
otherwise, further choppy trading is seen.
Exit intra-day long n look to buy again on pull-
back as 0.8225 (prev. res) shud hold...
Rate: 0.8295
Strategy: Exit long
Position: Long at 0.8265
Objective:
Stop-Loss:
Resistance: 0.8343/0.8404/0.8468
Support: 0.8255/0.8225/0.8165
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Update Time: 05 Sep 2008 16:03GMT
DAILY EUR/JPY CROSS OUTLOOK - 152.75
Despite euro's anticipated firmness, breach of
153.35 res is needed to signal rise fm 150.60 to
retrace recent decline has resumed n extend subse-
quent gain twds 154.00 b4 prospect of a retreat due
to nr term o/bot condition.
Wud be prudent to exit long n stand aside. Below
152.20/30 prolongs consolidation, 151.48...
Rate: 152.75
Strategy: Exit long
Position: Long at 152.00
Objective:
Stop-Loss:
Resistance: 153.35/154.95/156.26
Support: 151.48/150.60/150.00
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Update Time: 07 Sep 2008 22:04GMT
DAILY AUD/USD OUTLOOK - +0.8165+
Aussie's rebound after a brief fall to 0.8028
suggests a temp. low has been formed, reckon 0.8050
/60 wud limit downside, bring stronger retracement
of recent decline twds 0.8200, however, 0.8225 res
shud hold fm here n bring choppy trading.
Buy on dips with stop as indicated n only below
0.8028 aborts, risks weakness twds 0.7990/00...
Rate: +0.8165+
Strategy: +Target met+
Position: +Long at 0.8085+
Objective: 0.8165
Stop-Loss:
Resistance: 0.8265/0.8303/0.8332
Support: 0.8063/0.8028/0.8000
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Published on
Mon, Sep 8 2008, 04:15 GMT
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