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Recent Recommended Trades

Mon, Oct 6 2008, 06:17 GMT
by AceTrader Team

AceTrader

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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

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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

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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

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Published on  Mon, Oct 6 2008, 06:19 GMT