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Recent Recommended Trades

Thu, Nov 27 2008, 01:43 GMT
by AceTrader Team

AceTrader

***************************************************
Update Time:     26 Nov 2008 22:44GMT
DAILY EUR/CHF CROSS OUTLOOK - +1.5510+

As renewed buying at 1.5399 has lifted euro,
suggesting recent upmove wud resume after consolida
tion n abv y'day's 1.5521 high wud extend to 1.5550
/60 but loss of momentum wud cap price below 1.5600
n risk has increased for a correction later.

Hold long with stop now at break-even, below
wud signal temp. top is in place n risk 1.5399...

   Rate:     +1.5510+
   Strategy:     +Target met+
   Position:     Long at 1.5430
   Objective:     1.5510
   Stop-Loss:     
   Resistance:     1.5521/1.5559/1.5600
   Support:     1.5399/1.5350/1.5282
***************************************************
Update Time:     26 Nov 2008 14:50GMT
INTRA-DAY GBP/USD OUTLOOK - +1.5350+

Despite intra-day fall to 1.5227, current strg
rebound on cross-buying in sterling signals low has
been made there n consolidation with upside bias is
seen, however, break of 1.5445 is needed to confirm
correction fm 1.5535 (y'day's high) is over.

Turn long on dips with stop as indicated, break
wud risk weakness to 1.5250 but said sup shud hold.

   Rate:     +1.5350+
   Strategy:     +Target met+
   Position:     +Long at 1.5300+
   Objective:     +1.5350+
   Stop-Loss:     
   Resistance:     1.5310/1.5355/1.5395
   Support:     1.5227/1.5190/1.5150
***************************************************
Update Time:     26 Nov 2008 10:36GMT
DAILY GBP/USD OUTLOOK - 1.5405

Despite intra-day rebound fm 1.5310 to 1.5445,
cable needs to penetrate 1.5480/90 to signal correc
tion fm y'day's 1.5535 high has ended there n bring
resumption of recent upmove for re-test of said
res, then 1.5575/80 b4 retreat.

Exit long n stand aside. Only below 1.5310 wud
risk stronger retrace. to 1.5254...

   Rate:     1.5405
   Strategy:     Exit long
   Position:     Long at 1.5330
   Objective:     
   Stop-Loss:     
   Resistance:     1.5480/1.5535/1.5652
   Support:     1.5310/1.5249/1.5190
***************************************************

Published on  Thu, Nov 27 2008, 01:47 GMT