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Recent Recommended Trades

Tue, Sep 30 2008, 07:59 GMT
by AceTrader Team

AceTrader

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Update Time:     29 Sep 2008 17:55GMT
INTRA-DAY USD/JPY OUTLOOK - +104.85+

Despite dlr's cross-inspired selloff due to the
weakness in U.S. stock market (Dow tumbled by more
than 600 points), subsequent rebound after finding
renewed buying at 104.20 suggests an intra-day low
has possibly been made n bounce to 105.00 is seen.

Buy at market with stop as indicated, break wud
abort n extend weakness to 103.97...

   Rate:     +104.85+
   Strategy:     +Target met+
   Position:     +Long at 104.35+
   Objective:     104.85
   Stop-Loss:     
   Resistance:     105.64/106.05/106.59
   Support:     104.20/103.97/103.54

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Update Time:     29 Sep 2008 16:43GMT
EUROPEAN CLOSING EUR/GBP OUTLOOK - +0.7990+

Euro's firmness after intra-day strg rebound
fm 0.7909 to 0.7986 signals erratic upmove fm 0.78
49 to retrace decline fm 0.8187 has resumed n furth
er gain to 0.7990 n possibly twds 0.8010 res wud be
seen but o/bot condition wud cap price at 0.8030.

Trade fm long side with stop now at break-even,
below wud risk weakness to 0.7953...

   Rate:     +0.7990+
   Strategy:     +Target met+
   Position:     Long at 0.7960
   Objective:     0.7990
   Stop-Loss:     
   Resistance:     0.7986/0.8010/0.8042
   Support:     0.7953/0.7909/0.7885

***************************************************
Update Time:     29 Sep 2008 12:35GMT
SPOT SILVER DAILY OUTLOOK - +12.85+

Silver's breach of 13.07 signals erratic fall fm
13.77 top to retrace recent rise wud extend twds
12.71/75 but reckon 12.53 wud hold.

Sell on recovery n exit on such decline, stop as
indicated, break wud risk rebound to 13.50...

   Rate:     +12.85+
   Strategy:     +Target met+
   Position:     +Short at 13.15+
   Objective:     12.85
   Stop-Loss:     
   Resistance:     13.29 / 13.63 / 13.77
   Support:     12.84 / 12.71 / 12.53

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Published on  Tue, Sep 30 2008, 08:01 GMT