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Recent Recommended Trades
Mon, Oct 6 2008, 06:17 GMT
by AceTrader Team
AceTrader
***************************************************
Update Time: 03 Oct 2008 14:18GMT
DAILY AUD/USD OUTLOOK - 0.7730
Although aussie's anticipated retreat has justi-
fied our bearishness n weakness twds 0.7698 sup is
likely, break there is needed to confirm recent dec
line has resumed n extend to 0.7650/55 but loss of
momentum shud keep price abv 0.7620/23.
Wud be prudent to exit short n stand aside. Abv
0.7800 wud prolong consolidation, 0.7820 n 0.7845..
Rate: 0.7730
Strategy: Exit short
Position: Short at 0.7810
Objective:
Stop-Loss:
Resistance: 0.7820/0.7859/0.7945
Support: 0.7698/0.7623/0.7549
***************************************************
Update Time: 03 Oct 2008 14:30GMT
DAILY USD/CHF OUTLOOK - 1.1382
Although current anticipated rally fm 1.1260
signals pullback fm 1.1413 has ended n upside bias
remains for gain twds 1.1413/19 res, break there is
needed to confirm MT erratic rise fm 0.9630 has re-
sumed n extend twds 1.1457/60.
Wud be prudent to exit long n stand aside. Only
below 1.1310/20 wud yield another fall to 1.1260...
Rate: 1.1382
Strategy: Exit long
Position: Long at 1.1300
Objective:
Stop-Loss:
Resistance: 1.1419/1.1457/1.1500
Support: 1.1290/1.1235/1.1187
***************************************************
Update Time: 03 Oct 2008 13:14GMT
INTRA-DAY GBP/USD OUTLOOK - +1.7585+
Current selloff below indicated sup at 1.7631
confirms correction fm 1.7552 (y'day's low) has end
ed earlier at 1.7736 n downside bias remains for
weakness twds said sup, however, break there needed
to confirm decline has resumed to 1.7515/20.
Sell again on recovery with stop as indicated,
only abv 1.7680 prolongs choppy trading, 1.7700/10.
Rate: +1.7585+
Strategy: +Target met+
Position: +Short at 1.7630+
Objective: +1.7585+
Stop-Loss:
Resistance: 1.7680/1.7700/1.7736
Support: 1.7552/1.7500/1.7445
***************************************************
Published on
Mon, Oct 6 2008, 06:19 GMT
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