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Recent Recommended Trades

Mon, Sep 29 2008, 08:15 GMT
by AceTrader Team

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Update Time:     29 Sep 2008 00:34GMT
INTRA-DAY USD/JPY OUTLOOK - +106.60+

Dlr has risen abv 106.20 on optimism that over
the U.S. bailout plan n nr term upmove fm Friday's
low at 105.03 shud extend to 106.60/70 n possibly
twds 107.03 but anticipated o/bot condition has in-
creased risk of a retreat.

Buy on dips with stop as indicated, below wud
abort n risk weakness twds 105.64 (NZ)...

   Rate:     +106.60+
   Strategy:     +Target met+
   Position:     +Long at 106.20+
   Objective:     106.60
   Stop-Loss:     
   Resistance:     106.68/107.03/107.48
   Support:     105.64/105.43/105.03

***************************************************
Update Time:     26 Sep 2008 14:02GMT
INTRA-DAY EUR/JPY CROSS OUTLOOK - +154.70+

As euro has rebounded after intra-day selloff to
153.48, suggesting a temp. low has possibly been
made n as long as said sup holds, a rebound twds
154.49 (prev. sup) is seen n break there wud yield
correction twds 154.80/90 later.

+Buy at market with stop as indicated, break wud
defer nr term bullishness n risk 153.48...+

   Rate:     +154.70+
   Strategy:     +Target met+
   Position:     +Long at 154.30+
   Objective:     +154.70+
   Stop-Loss:     
   Resistance:     154.90/155.76/156.35
   Support:     153.48/153.00/152.13

***************************************************
Update Time:     26 Sep 2008 07:41GMT
INTRA-DAY USD/JPY OUTLOOK - +105.50+

Although dlr has remained under pressure on
active cross buying in yen n marginal weakness be-
low 105.47 cannot be ruled out, reckon sup at 105.
15 shud remain intact n yield a much-needed rebound
later today.

Sell on recovery with stop as indicated, break
wud signal an intra-day low is made, 106.48/50...

   Rate:     +105.50+
   Strategy:     +Target met+
   Position:     +Short at 105.90+
   Objective:     105.50
   Stop-Loss:     
   Resistance:     106.25/106.68/107.03
   Support:     105.47/105.15/104.86

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