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Recent Recommended Trades

Tue, Nov 25 2008, 07:35 GMT
by AceTrader Team

AceTrader  |  View company's profile

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Update Time:     25 Nov 2008 03:48GMT
INTRA-DAY GBP/USD OUTLOOK - 1.5120

Despite cable's retreat after meeting minor
selling at 1.5155/60, a firm break below 1.5105 is
needed to extend the intra-day corrective decline
fm 1.5190 (Aust.) to 1.5060/65 n 1.5040, otherwise,
further choppy trading is likely.

Wud be prudent to exit intra-day short n only
abv 1.5159 wud bring another rise to said res...

   Rate:     1.5120
   Strategy:     Exit short
   Position:     Short at 1.5150
   Objective:     
   Stop-Loss:     
   Resistance:     1.5159/1.5190/1.5249
   Support:     1.5061/1.4975/1.4949
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Update Time:     24 Nov 2008 22:01GMT
DAILY EUR/CHF CROSS OUTLOOK - +1.5470+

Euro's intra-day rally abv 1.5419/22 confirms
recent upmove has resumed n further gain to 1.5470
n possibly twds 1.5507 is envisaged, however, o/bot
condition shud cap price at 1.5559 n yield a much-
needed correction later.

Trade fm long side with stop as indicated,
break wud risk weakness to 1.5350...

   Rate:     +1.5470+
   Strategy:     +Target met+
   Position:     Long at 1.5350
   Objective:     1.5470
   Stop-Loss:     
   Resistance:     1.5507/1.5559/1.5600
   Support:     1.5350/1.5282/1.5225
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Update Time:     24 Nov 2008 19:09GMT
INTRA-DAY EUR/GBP CROSS OUTLOOK - +0.8525+

Euro's rebound after finding renewed buying at
0.8500/05 confirms upmove fm 0.8334 has resumed n
further gain twds 0.8525 n then 0.8545 wud be seen,
however, loss of nr term upward momentum shud keep
price at 0.8568 n yield a retreat later.

Hold long with stop as indicated, below wud pro
long choppy trading n risk 0.8430/40...

   Rate:     +0.8525+
   Strategy:     +Target met+
   Position:     Long at 0.8480
   Objective:     0.8525
   Stop-Loss:     
   Resistance:     0.8568/0.8636/0.8675
   Support:     0.8475/0.8430/0.8414

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Published on  Tue, Nov 25 2008, 07:54 GMT