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Recent Recommended Trades

Fri, Nov 21 2008, 09:18 GMT
by AceTrader Team

AceTrader

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Update Time:     21 Nov 2008 08:00GMT
INTRA-DAY EUR/CHF CROSS OUTLOOK - +1.5400+

Despite intra-day breach of 1.5366, current re-
treat fm 1.5390 suggests consolidation below there
wud be seen n 1.5321 must hold for prospect of an-
other rise, abv said res wud extend to 1.5400 but
loss of momentum wud cap price at 1.5424.

Trade fm long side with stop as indicated, break
wud signal top is possibly made, 1.5280/90...

   Rate:     +1.5400+
   Strategy:     +Target met+
   Position:     Long at 1.5350
   Objective:     1.5400
   Stop-Loss:     
   Resistance:     1.5390/1.5424/1.5480
   Support:     1.5321/1.5277/1.5225
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Update Time:     20 Nov 2008 23:47GMT
INTRA-DAY GBP/USD OUTLOOK - +1.4720+

Despite cable's recovery after o/n selloff to
1.4712, this move looks corrective n as long as
1.4780 (Aust.) holds, downside bias remains for nr
term decline fm 1.5249 to resume n below said sup
wud extend weakness to 1.4670/80.

Trade fm short side with stop as indicated, abv
wud risk correction to 1.4830/40 b4 down...

   Rate:     +1.4720+
   Strategy:     +Target met+
   Position:     Short at 1.4780
   Objective:     1.4720
   Stop-Loss:     
   Resistance:     1.4780/1.4840/1.4926
   Support:     1.4712/1.4684/1.4646
***************************************************
Update Time:     20 Nov 2008 15:28GMT
GBP/JPY DAILY CROSS OUTLOOK - +140.50+

Sterling's selloff fm 146.87 signals correction
fm 138.92 has ended y'day n further weakness to 140
.40/50 is seen but said low wud hold on 1st testing
. Sell on recovery with stop as indicated, abv
prolongs consolidation n risks retrace. to 143.88..

   Rate:     +140.50+
   Strategy:     +Target met+
   Position:     +Short at 142.50+
   Objective:     140.50
   Stop-Loss:     
   Resistance:     142.91/143.88/145.12
   Support:     141.06/138.92/137.58

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Published on  Fri, Nov 21 2008, 09:19 GMT