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Recent Recommended Trades

Fri, Apr 17 2009, 02:42 GMT

AceTrader  |  View company's profile

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Update Time:     16 Apr 2009 12:43GMT
DAILY USD/CAD OUTLOOK - 1.2008

Despite present anticipated resumption of recent
fall, loss of downward momentum wud limit downside
to 1.1950 n yield rebound later.

Wud be prudent to exit short at 1.2085 n stand
aside. Abv 1.2092 signals temp. low made, 1.2160/65

   Rate:     1.2008
   Strategy:     Exit short
   Position:     Short at 1.2085
   Objective:     
   Stop-Loss:     
   Resistance:     1.2092/1.2186/1.2249
   Support:     1.1987/1.1950/1.1877
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Update Time:     16 Apr 2009 10:27GMT
INTRA-DAY EUR/CHF OUTLOOK - +1.5140+

Euro's rebound after trading abv y'day's low at
1.5078 suggests further consolidation abv there is
seen with upside bias n breach of 1.5155 wud signal
price remains inside 1.5062-1.5301 range, extend
gain to 1.5185.

Buy on dips with stop initially below 1.5062 as
break wud risk one more fall to 1.5030/40...

   Rate:     +1.5140+
   Strategy:     +Target met+
   Position:     +Long at 1.5090+
   Objective:     1.5140
   Stop-Loss:     
   Resistance:     1.5155/1.5185/1.5207
   Support:     1.5078/1.5062/1.5019
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Update Time:     16 Apr 2009 07:20GMT
INTRA-DAY EUR/USD OUTLOOK - 1.3175

Despite intra-day anticipated retreat, break of
y'day's 1.3146 low is needed to confirm decline fm
1.3395 has resumed n extend weakness twd 1.3120/25,
however, reckon sup at 1.3090 wud remain intact n
yield rebound later.

Wud be prudent to exit short n look to sell on
recovery as upside shud be ltd to 1.3205/10...

   Rate:     1.3175
   Strategy:     Exit short
   Position:     Short at 1.3205
   Objective:     
   Stop-Loss:     
   Resistance:     1.3232/1.3270/1.3307
   Support:     1.3146/1.3090/1.3021
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Update Time:     16 Apr 2009 06:54GMT
INTRA-DAY GBP/USD OUTLOOK - +1.4970+

Despite intra-day brief rise to 1.5069, cable's
subsequent retreat suggests a temp. top is formed n
consolidation with downside bias is seen but break
of 1.4925 sup is needed to confirm n bring retrace.
to 1.4900 later.

Sell on recovery with stop as indicated, abv
wud risk possible re-test of 1.5069...

   Rate:     +1.4970+
   Strategy:     +Target met+
   Position:     +Short at 1.5010+
   Objective:     1.4970
   Stop-Loss:     
   Resistance:     1.5033/1.5069/1.5108
   Support:     1.4964/1.4925/1.4887
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Update Time:     16 Apr 2009 00:24GMT
WEEKLY GBP/USD OUTLOOK - +1.5050+

Although cable has retreated after last week's
rise to 1.4960, as long as 1.4583 sup holds, upside
bias remains for gain twd 1.4986 n abv there wud
confirm an upside break of MT 1.3500-1.4986 range
has occured, then retrace. of intermediate decline
fm 1.8672 to 1.5050 n possibly 1.5100 wud be seen.

Trade fm long side with stop below there, break
wud prolong choppy trading inside aforesaid range n
risk correction to 1.4430/35...

   Rate:     +1.5050+
   Strategy:     +Target met+
   Position:     Long at 1.4700
   Objective:     1.5050
   Stop-Loss:     
   Resistance:     1.4986/1.5141/1.5374
   Support:     1.4746/1.4583/1.4431

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Published on  Fri, Apr 17 2009, 03:41 GMT