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Recent Recommended Trades

Thu, Oct 2 2008, 04:16 GMT
by AceTrader Team

AceTrader

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Update Time:     01 Oct 2008 17:28GMT
INTRA-DAY EUR/JPY CROSS OUTLOOK - +148.40+

Despite euro's rebound after early selloff to
147.53, nr term o/bot condition shud cap upside at
149.25/30 n yield another fall but below 148.00/10
is needed to confirm recovery has ended n bring
resumption of decline to re-test said sup.

Sell at market with stop as indicated, abv wud
risk stronger retracement twds 149.69...

   Rate:     +148.40+
   Strategy:     +Target met+
   Position:     +SHort at 149.05+
   Objective:     +148.40+
   Stop-Loss:     
   Resistance:     149.25/149.69/150.00
   Support:     148.00/147.53/147.00

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Update Time:     01 Oct 2008 14:12GMT
INTRA-DAY USD/JPY OUTLOOK - +105.40+

Current retreat after the release of worse-than-
expected U.S. ISM index suggests top has been made
at 106.54 n correction to 105.35/40 is envisaged,
however, reckon 104.95/00 wud hold n yield another
rise later.

Turn short with stop as indicated, break wud
risk rebound to 106.20/25 1st...

   Rate:     +105.40+
   Strategy:     +Target met+
   Position:     Short at 105.75
   Objective:     105.40
   Stop-Loss:     
   Resistance:     106.54/107.03/107.48
   Support:     105.69/105.23/104.93

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Update Time:     01 Oct 2008 11:58GMT
INTRA-DAY EUR/GBP CROSS OUTLOOK - +0.7910+

Euro's nr term sideways trading below intra-day
res at 0.7953 is likely to continue n as long as
said res holds, mild downside bias remains for weak
ness to 0.7907, however, break there is needed to
signal top is formed, 0.7891.

Trade fm short side with stop as indicated n
only abv 0.7953 wud extend rise fm 0.7844 to 0.7971

   Rate:     +0.7910+
   Strategy:     +Target met+
   Position:     Short at 0.7935
   Objective:     0.7910
   Stop-Loss:     
   Resistance:     0.7953/0.7971/0.8000
   Support:     0.7891/0.7855/0.7844

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Published on  Thu, Oct 2 2008, 04:20 GMT