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Recent Recommended Trades

Fri, Jul 3 2009, 04:31 GMT

AceTrader

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Update Time:     02 Jul 2009 23:49GMT
DAILY GBP/USD OUTLOOK - 1.6340

Although cable resumed this week's major fall fm
09' top at 1.6745 to 1.6330 in Europe, the marginal
weakness to 1.6323 in NY n subsequent recovery sug-
gest 'choppy' trading is likely b4 decline resumes
to 1.6290/00 but reckon 1.6231 wud hold today.

Exit previous short n sell again on recovery as
only abv 1.6465 signals temp. low made, 1.6541/46.

   Rate:     1.6340
   Strategy:     Exit short n sell at 1.6400
   Position:     Short at 1.6410
   Objective:     1.6300
   Stop-Loss:     1.6450
   Resistance:     1.6430/1.6546/1.6605
   Support:     1.6330/1.6265/1.6231
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Update Time:     02 Jul 2009 07:54GMT
INTRA-DAY EUR/GBP OUTLOOK - +0.8628+

Euro's anticipated firmness n breach of 0.8599
signal the erratic rise fm 0.8400 to retrace recent
decline has resumed n further gain to 0.8635 is
seen, however, loss of momentum shud limit upside n
risk has increased for a retreat later.

Buy again with stop as suggested n only below
0.8565 (Asia) indicates intra-day top made, 0.8551.

   Rate:     +0.8628+
   Strategy:     +Target met+
   Position:     +Long at 0.8593+
   Objective:     0.8628
   Stop-Loss:     
   Resistance:     0.8635/0.8672/0.8689
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Update Time:     02 Jul 2009 06:20GMT
INTRA-DAY EUR/GBP OUTLOOK - +0.8600+

As 0.8565 has contained the pullback fm y'day's
high at 0.8596, suggesting upmove fm last week's
low at 0.8400 wud resume soon n abv 0.8596/99 wud
confirm, extend gain to 0.8606 n then twd 0.8635 b4
retreat due to nr term loss of momentum.

Trade fm long side with stop as indicated n only
below 0.8551 risks weakness twd 0.8530/35.

   Rate:     +0.8600+
   Strategy:     +Target met+
   Position:     Long at 0.8570
   Objective:     0.8600
   Stop-Loss:     
   Resistance:     0.8606/0.8635/0.8672
   Support:     0.8565/0.8551/0.8519
*************************************************
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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Published on  Fri, Jul 3 2009, 04:32 GMT