AceTrader 1-wk TRIAL
www.AceTraderFX.com 24-Hr Real-time Signals Consistent Performance Intra-day, Daily, Weekly. with Email Alerts Function Try 1-week for $25 USDUpdate Time: 25 Aug 2008 01:30GMT
WEEKLY OUTLOOK ON NZD/USD - +0.7050+
Despite last week's rise to 0.7217, subsequent
retreat suggests consolidation with downside bias
to 0.7050 is seen but reckon 0.6945 shud hold.
Wud be prudent to exit short n sell on recovery
as only abv said res wud risk retrace. to 0.7300...
Rate: +0.7050+
Strategy: +Target met+
Position: Short at 0.7210
Objective: 0.7050
Stop-Loss:
Resistance: 0.7217/0.7335/0.7445
Support: 0.7082/0.6945/0.6824
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Update Time: 25 Aug 2008 00:31GMT
INTRA-DAY USD/JPY OUTLOOK - +110.20+
Friday's rally abv 109.55 confirms dlr's correct
ion fm recent high at 110.67 has ended n consolida-
tion is envisaged in Asia, however, o/bot condition
is likely to limit gain to 110.45/50.
Incline to buy on dips for further headway twd
110.28 n only a firm break of 109.55 wud abort pre-
sent bullish scenario, risk weakness twd 109.10/15.
Rate: +110.20+
Strategy: +Target met+
Position: +Long at 109.85+
Objective: +110.20+
Stop-Loss:
Resistance: 110.28/110.50/110.67
Support: 109.81/109.55/109.10
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Update Time: 25 Aug 2008 00:16GMT
DAILY EUR/USD OUTLOOK - +1.4750+
Friday's selloff fm 1.4909 confirms correction
fm last wk's low at 1.4630 has ended there n conso-
lidation with downside bias remains for weakness
twds 1.4743 n then 1.4710/20, however, only breach
of pivotal sup at 1.4672 brings re-test of 1.4630.
Trade fm short side, stop now as indicated, abv
risks 1.4860/65 but reckon 1.4909 shud hold...
Rate: +1.4750+
Strategy: +Target met+
Position: Short at 1.4835
Objective: 1.4750
Stop-Loss:
Resistance: 1.4792/1.4862/1.4909
Support: 1.4743/1.4672/1.4630
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