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Recent Recommended Trades

Thu, Sep 3 2009, 09:13 GMT

AceTrader  |  View company's profile

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Update Time:     03 Sep 2009 06:10GMT
DAILY GBP/USD OUTLOOK - 1.6315

Despite y'day's brief drop to 1.6114, subsequent
strg rebound after holding abv this week's low of
1.6113 suggests consolidation with upside bias wud
be seen for gain to 1.6330/40 but breach of 1.6379/
82 res needed to bring stronger retrace. to 1.6446.

Wud be prudent to exit long n look to buy again
on dips as 1.6237 shud contain pullback...

   Rate:     1.6315
   Strategy:     Exit long
   Position:     Long at 1.6240
   Objective:     
   Stop-Loss:     
   Resistance:     1.6300/1.6330/1.6382
   Support:     1.6237/1.6193/1.6113
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Update Time:     03 Sep 2009 03:25GMT
INTRA-DAY GBP/USD OUTLOOK - +1.6280+

As 1.6237 has contained the pullback fm y'day's
high of 1.6300, consolidation with upside bias wud
be seen for a rebound to 1.6280/90 but breach of
1.6300 needed to signal upmove fm 1.6113 to retrace
recent decline has resumed n extend to 1.6330.

Trade fm long side with stop as indicated, break
wud defer n risk weakness to 1.6191...

   Rate:     +1.6280+
   Strategy:     +Target met+
   Position:     Long at 1.6240
   Objective:     1.6280
   Stop-Loss:     
   Resistance:     1.6300/1.6330/1.6382
   Support:     1.6191/1.6154/1.6113
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Update Time:     03 Sep 2009 03:20GMT
INTRA-DAY AUD/USD OUTLOOK - +0.8360+

Aussie's rebound after finding renewed buying at
0.8316 suggests consolidation with mild upside bias
is seen in Asia but a breach of 0.8373 is needed to
signal corrective fall fm 0.8471 has indeed ended
at 0.8239 y'day n bring gain to 0.8395/05.

Trade fm long side with stop below said sup as
break wud risk stronger pullback twd 0.8281...

   Rate:     +0.8360+
   Strategy:     +Target met+
   Position:     Long at 0.8320
   Objective:     0.8360
   Stop-Loss:     
   Resistance:     0.8373/0.8414/0.8471
   Support:     0.8316/0.8281/0.8239
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Update Time:     02 Sep 2009 12:29GMT
INTRA-DAY GBP/USD OUTLOOK - 1.6215

Despite intra-day retreat fm 1.6253, as cable
has bounced after finding buying abv 1.6193 (prev.
res), risk is seen for gain to 1.6230/40 but abv
said res is needed to extend the corrective rise fm
y'day's low at 1.6113 to 1.6280/90.

Exit short n stand aside. Below 1.6193/97 wud
yield another fall to 1.6160 n possibly 1.6130/40.

   Rate:     1.6215
   Strategy:     Exit short
   Position:     Short at 1.6245
   Objective:     
   Stop-Loss:     
   Resistance:     1.6253/1.6330/1.6382
   Support:     1.6193/1.6113/1.6090
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Update Time:     02 Sep 2009 08:06GMT
INTRA-DAY USD/JPY OUTLOOK - +92.55+

As dlr has fallen fm 93.06 due to renewed cross
buying in yen, suggesting re-test of Australian low
at 92.51 is seen n below there wud extend recent
decline to 92.20/30, however, loss of momentum shud
limit downside to 92.00 n yield recovery later.

Trade fm short side with stop now at break-even
n only abv 93.06 wud risk correction to 93.20/30.

   Rate:     +92.55+
   Strategy:     +Target met+
   Position:     Short at 92.95
   Objective:     92.55
   Stop-Loss:     
   Resistance:     93.06/93.45/93.67
   Support:     92.51/92.37/91.73
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Update Time:     02 Sep 2009 07:24GMT
INTRA-DAY GBP/USD OUTLOOK - +1.6140+

As cable has retreated after meeting selling
interest at 1.6193, retaining downside bias for
weakness to 1.6130/35, however, below y'day's low
at 1.6113 is needed to confirm recent decline has
once again resumed n extend to 1.6080/90.

+Wud be prudent to exit short n look to sell
again on recovery as 1.6193 wud remain intact...+

   Rate:     +1.6140+
   Strategy:     +Exit short+
   Position:     Short at 1.6175
   Objective:     
   Stop-Loss:     
   Resistance:     1.6193/1.6205/1.6267
   Support:     1.6113/1.6090/1.6033

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Published on  Thu, Sep 3 2009, 09:15 GMT