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Recent Recommended Trades

Fri, Oct 23 2009, 00:11 GMT

AceTrader


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Update Time:     22 Oct 2009 17:07GMT
INTRA-DAY GBP/USD OUTLOOK - 1.6609

Cable's strg rebound fm 1.6487 signals correct
ion fm 1.6638 has possibly ended there n consolida-
tion with upside bias wud be seen, however, breach
of said res is needed to confirm recent upmove fm
1.5708 has resumed n extend to 1.6660/70.

Exit long n stand aside. Below 1.6565/70 wud
prolong choppy trading n risk 1.6525/30.

   Rate:     1.6609
   Strategy:     Exit long
   Position:     Long at 1.6570
   Objective:     
   Stop-Loss:     
   Resistance:     1.6638/1.6700/1.6742
   Support:     1.6532/1.6487/1.6439
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Update Time:     22 Oct 2009 14:03GMT
INTRA-DAY AUD/USD OUTLOOK - +0.9190+

Despite aussie's rebound fm 0.9185 to 0.9250,
as long as said res holds, downside bias remains
for another retreat, below said sup wud signal the
erratic decline fm 0.9330 has resumed n extend to
0.9150/55 but 0.9113 shud hold.

Trade fm short side with stop as indicated, abv
wud prolong choppy trading n risk 0.9299...

   Rate:     +0.9190+
   Strategy:     +Target met+
   Position:     Short at 0.9230
   Objective:     0.9190
   Stop-Loss:     
   Resistance:     0.9250/0.9299/0.9330
   Support:     0.9181/0.9156/0.9113
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Update Time:     22 Oct 2009 10:27GMT
INTRA-DAY EUR/JPY OUTLOOK - +136.45+

Euro's retreat fm marginal high of 137.10 sug-
gests minor consolidation below there is seen with
downside bias for pullback to 136.40/45, however,
reckon sup at 136.22 wud contain downside n bring
rebound later today.

Sell on recovery with stop as indicated, abv
137.10 signals recent upmove has resumed, 137.50/55

   Rate:     +136.45+
   Strategy:     +Target met+
   Position:     +Short at 136.75+
   Objective:     136.45
   Stop-Loss:     
   Resistance:     136.86/137.10/137.52
   Support:     136.40/136.22/136.07
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Update Time:     22 Oct 2009 08:33GMT
INTRA-DAY EUR/GBP OUTLOOK - 0.9065

As euro has rebounded fm 0.9013, suggesting
consolidation abv y'day's 0.8998 low wud be seen
with upside bias for gain to 0.9054, abv wud bring
retracement of recent decline to 0.9070 (previous
sup) b4 prospect of a retreat.

Buy at market with stop as indicated, break wud
signal pullback is over n risk re-test of said sup.

   Rate:     0.9065
   Strategy:     +Target met+
   Position:     +Long at 0.9035+
   Objective:     0.9065
   Stop-Loss:     
   Resistance:     0.9070/0.9114/0.9134
   Support:     0.9013/0.8998/0.8984
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Update Time:     22 Oct 2009 05:49GMT
INTRA-DAY EUR/JPY OUTLOOK - +137.05+

As euro has rebounded after meeting renewed
buying at 136.40, suggesting recent upmove has re-
sumed n abv y'day's high at 136.98 yield further
headway to 137.20/30 but anticipated nr term o/bot
condition shud limit upside to 137.50/60.

Buy on dips n only below said sup wud signal
temp. top has possibly been made, 135.75/84 later.

   Rate:     +137.05+
   Strategy:     +Target met+
   Position:     Long at 136.70
   Objective:     137.05
   Stop-Loss:     
   Resistance:     137.12/137.81/138.01
   Support:     136.22/136.07/135.57
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Update Time:     22 Oct 2009 05:47GMT
INTRA-DAY USD/JPY OUTLOOK - +91.30+

Dlr's rebound fm 90.77 suggests the retreat fm
fm y'day's high at 91.29 has ended n re-test of 91.
29/33 is seen after consolidation, abv there wud
confirm recent 'erratic' rise has resumed n extend
gain to 91.60/70 later.

Trade fm long side with stop now as indicated n
only below 90.77 (Aust.) aborts present bullishness

   Rate:     +91.30+
   Strategy:     +Target met+
   Position:     Long at 90.95
   Objective:     91.30
   Stop-Loss:     
   Resistance:     91.33/91.63/92.00
   Support:     90.77/90.48/90.07

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