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Recent Recommended Trades

Fri, Oct 10 2008, 07:32 GMT
by AceTrader Team

AceTrader


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Update Time:     10 Oct 2008 06:52GMT
INTRA-DAY GBP/USD OUTLOOK - 1.6895

Although cable has retreated after intra-day
rebound to 1.6958 n consolidation with mild down-
side bias wud be seen, break of 1.6880/90 is needed
to signal recovery fm 1.6781 has ended there, bring
further fall twds 1.6820/30.

Exit short n stand aside for now. Only abv said
res wud risk stronger correction to 1.7000...

   Rate:     1.6895
   Strategy:     Exit short
   Position:     Short at 1.6955
   Objective:     
   Stop-Loss:     
   Resistance:     1.6925/1.7001/1.7074
   Support:     1.6781/1.6758/1.6700

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Update Time:     10 Oct 2008 06:51GMT
SPOT GOLD DAILY OUTLOOK - +922.00+

Gold's rebound fm 880.65 signals the pullback fm
921.30 has ended but abv said res needed to signal
recent upmove has resumed, yield re-test of 925.50.

Buy on dips n only below 900 wud prolong choppy
trading n may risk strg pullback twds 890/892...

   Rate:     +922.00+
   Strategy:     +Target met+
   Position:     +Long at 912.00+
   Objective:     922.00
   Stop-Loss:     
   Resistance:     921.30/925.50/933.30
   Support:     893.00/880.65/878.50

***************************************************
Update Time:     10 Oct 2008 05:54GMT
INTRA-DAY USD/CHF OUTLOOK - +1.1290+

Despite dlr's cross-inspired weakness to 1.1226,
subsequent rebound after holding abv 1.1210 sug-
gests further choppy consolidation wud be seen n a
bounce to 1.1314 is still likely but break of 1.13
44 needed to signal fall fm 1.1488 has made a low.

Buy at market with stop as indicated n only be-
low 1.1210 wud extend weakness to 1.1183...

   Rate:     +1.1290+
   Strategy:     +Target met+
   Position:     +Long at 1.1245+
   Objective:     +1.1290+
   Stop-Loss:     
   Resistance:     1.1314/1.1344/1.1407
   Support:     1.1226/1.1210/1.1183

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