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Recent Recommended Trades

Thu, Oct 9 2008, 04:14 GMT
by AceTrader Team

AceTrader

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Update Time:     09 Oct 2008 02:07GMT
INTRA-DAY USD/JPY OUTLOOK - +100.50+

Although 100.37 has contained dlr's strg bounce
fm 98.90 (Aust.) n sideways trading is envisaged,
as aforesaid rebound suggests further 'choppy' trad
ing fm y'day's low at 98.60 wud continue, upside
bias remains for another rise twd 100.46 later.

Buy again on dips with stop as indicated n only
below 98.90 wud abort intra-day bullishness on dlr.

   Rate:     +100.50+
   Strategy:     +Target met+
   Position:     +Long at 100.10+
   Objective:     +100.50+
   Stop-Loss:     
   Resistance:     100.46/101.17/101.48
   Support:     99.38 / 98.90 / 98.60

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Update Time:     09 Oct 2008 00:05GMT
INTRA-DAY USD/JPY OUTLOOK - +99.95+

Dlr's recovery after o/n brief drop to 98.90
suggests further choppy consolidation abv y'day's
low at 98.60 wud be seen n rebound to 99.97 is envi
saged, however, break needed to bring further gain
to 100.46 but 101.17 res shud cap upside.

Buy at market with stop as indicated n only be-
low 98.90 wud signal decline has resumed to 98.60..

   Rate:     +99.95+
   Strategy:     +Target met+
   Position:     +Long at 99.45+
   Objective:     99.95
   Stop-Loss:     
   Resistance:     99.97 /100.46/101.17
   Support:     98.90 / 98.60 / 98.20

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Update Time:     08 Oct 2008 13:07GMT
DAILY EUR/CHF CROSS OUTLOOK - +1.5420+

Although euro's rebound after intra-day selloff
to 1.5405 suggests further choppy consolidation abv
1.5373 low is in store, as long as 1.5618 holds, an
other fall is still seen but breach of said sup is
needed to confirm downtrend has resumed to 1.5373.

Sell on subsequent recovery, stop as indicated,
break risks stronger retrace. to 1.5665, 1.5700...

   Rate:     +1.5420+
   Strategy:     +Target met+
   Position:     +Short at 1.5570+
   Objective:     1.5420
   Stop-Loss:     
   Resistance:     1.5618/1.5665/1.5700
   Support:     1.5405/1.5373/1.5326

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Published on  Thu, Oct 9 2008, 08:01 GMT