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Recent Recommended Trades

Wed, Nov 19 2008, 08:19 GMT
by AceTrader Team

AceTrader

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Update Time:     19 Nov 2008 06:21GMT
DAILY EUR/CHF CROSS OUTLOOK - +1.5220+

Y'day's strg rebound fm 1.5089 signals correct-
ion fm this wk's high at 1.5235 has ended n re-test
of this res is seen but break is needed to confirm
recent upmove has resumed, yield further headway to
1.5260/70 n then 1.5300.

Hold long with stop at break-even n only below
1.5089 wud risk stronger retracement to 1.5030/40.

   Rate:     +1.5220+
   Strategy:     +Target met+
   Position:     Long at 1.5130
   Objective:     1.5220
   Stop-Loss:     
   Resistance:     1.5235/1.5267/1.5354
   Support:     1.5128/1.5089/1.5005
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Update Time:     18 Nov 2008 07:57GMT
INTRA-DAY EUR/USD OUTLOOK - +1.2650+

Despite intra-day breach of 1.2601, euro's subse
quent rebound fm 1.2580 suggests consolidation abv
there wud be seen with upside bias for gain twds
1.2665, however, abv is needed to signal low has
been formed n extend rise to 1.2690/00 later.

Buy on dips with stop as indicated, below wud
risk 1.2540/45 but 1.2512 (y'day's low) shud hold..

   Rate:     +1.2650+
   Strategy:     +Target met+
   Position:     +Long at 1.2600+
   Objective:     1.2650
   Stop-Loss:     
   Resistance:     1.2665/1.2703/1.2742
   Support:     1.2580/1.2546/1.2512
***************************************************
Update Time:     18 Nov 2008 07:46GMT
DAILY EUR/GBP CROSS OUTLOOK - +0.8380+

Y'day's selloff to 0.8407 signals decline fm
last week's record high at 0.8675 to retrace recent
upmove has resumed n below said sup wud extend to
0.8370/80 but anticipated o/sold condition shud
limit downside to 0.8332 n yield rebound later.

Trade fm short side with stop now as indicated,
abv risks 0.8525 (prev. sup) but 0.8568 shud hold..

   Rate:     +0.8380+
   Strategy:     +Target met+
   Position:     Short at 0.8470
   Objective:     0.8380
   Stop-Loss:     
   Resistance:     0.8445/0.8479/0.8525
   Support:     0.8332/0.8300/0.8255
***************************************************

Published on  Wed, Nov 19 2008, 08:23 GMT