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Recent Recommended Trades

Wed, Oct 8 2008, 06:40 GMT
by AceTrader Team

AceTrader

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Update Time:     07 Oct 2008 19:54GMT
INTRA-DAY AUD/USD OUTLOOK - +0.7065+

Aussie's breach of 0.7115 signals the decline fm
0.7355 has resumed n further weakness to indicated
obj. is envisaged, however, broad outlook is conso-
lidative n reckon 0.7027 wud contain downside n
risk rebound later.

Sell at market with stop as suggested, abv wud
prolong choppy trading n risk 0.7180/90...

   Rate:     +0.7065+
   Strategy:     +Target met+
   Position:     +Short at 0.7115+
   Objective:     +0.7065+
   Stop-Loss:     
   Resistance:     0.7115/0.7211/0.7273
   Support:     0.7027/0.6970/0.6900

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Update Time:     07 Oct 2008 18:16GMT
INTRA-DAY EUR/JPY CROSS OUTLOOK - +138.65+

Euro's rebound fm 137.89 suggests consolidation
with upside bias is seen for gain to indicated obj.
but abv 139.00 is needed to signal fall fm 141.08
has formed a temp. low n extend twds 139.52.

Buy at market with stop below said sup as break
wud risk stronger correction of upmove fm y'day's
135.05 low twds 137.29...

   Rate:     +138.65+
   Strategy:     +Target met+
   Position:     +Long at 138.15+
   Objective:     138.65
   Stop-Loss:     
   Resistance:     139.52/140.71/141.08
   Support:     137.89/137.29/136.60

***************************************************
Update Time:     07 Oct 2008 14:45GMT
INTRA-DAY EUR/USD OUTLOOK - +1.3650+

Current price action suggests as long as 1.3700
/05 holds, consolidation with mild downside bias
wud be seen but break of 1.3650 is needed to signal
intra-day top has been formed at 1.3743 n bring fur
ther weakness to 1.3624 (prev. res).

Sell again with stop as indicated, break wud
risk another rise twds 1.3743...

   Rate:     +1.3650+
   Strategy:     +Target met+
   Position:     +Short at 1.3690+
   Objective:     1.3650
   Stop-Loss:     
   Resistance:     1.3743/1.3800/1.3850
   Support:     1.3624/1.3581/1.3515

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Published on  Wed, Oct 8 2008, 07:07 GMT