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Recent Recommended Trades

Thu, Jul 2 2009, 07:52 GMT

AceTrader

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Update Time:     02 Jul 2009 04:58GMT
INTRA-DAY AUD/USD OUTLOOK - +0.8035+

Aud's intra-day weakness signals the recovery fm
0.8024 (y'day's low) has ended at 0.8109 n consoli-
dation with downside bias remains, however, breach
of said sup is needed to confirm decline fm 0.8156
to retrace recent upmove has resumed, 0.7984 later.

Trade fm short side with stop now at break-even,
abv prolongs choppy trading n risks 0.8096 (Aust.).

   Rate:     +0.8035+
   Strategy:     +Target met+
   Position:     Short at 0.8075
   Objective:     0.8035
   Stop-Loss:     
   Resistance:     0.8109/0.8156/0.8238
   Support:     0.8039/0.8024/0.7984
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Update Time:     01 Jul 2009 13:21GMT
INTRA-DAY GBP/USD OUTLOOK - 1.6512

Present rally suggests decline fm 1.6745 has
formed a temp. low at 1.6381 n consolidation with
upside bias wud be seen for gain to 1.6508 n then
twds 1.6545, however, 1.6583 wud cap upside n yield
retreat later.

Wud be prudent to exit long n look to buy
again on dips as 1.6440 sup wud remain intact...

   Rate:     1.6512
   Strategy:     Exit long
   Position:     Long at 1.6470
   Objective:     
   Stop-Loss:     
   Resistance:     1.6545/1.6583/1.6619
   Support:     1.6440/1.6381/1.6326
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Update Time:     01 Jul 2009 13:26GMT
INTRA-DAY USD/CHF OUTLOOK - +1.0765+

Dlr's intra-day selloff suggests recovery fm
1.0777 has possibly ended at 1.0891 y'day n consoli
dation with downside bias wud be seen, below 1.0777
sup wud confirm decline fm 1.1026 has resumed n
extend weakness to 1.0750/60.

Sell at market with stop as indicated, break
wud prolong choppy trading n risk 1.0852, 1.0870...

   Rate:     +1.0765+
   Strategy:     +Target met+
   Position:     +Short at 1.0798+
   Objective:     +1.0765+
   Stop-Loss:     
   Resistance:     1.0819/1.0870/1.0891
   Support:     1.0719/1.0633/1.0592
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Published on  Thu, Jul 2 2009, 08:08 GMT