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Recent Recommended Trades

Tue, Oct 27 2009, 07:18 GMT

AceTrader

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Update Time:     26 Oct 2009 16:05GMT
EUROPEAN CLOSING GBP/USD OUTLOOK - +1.6325+

Although cable's intra-day strg rebound fm 1.62
51 to 1.6385 suggests fall fm last week's high has
formed a temp. low, reckon 1.6400 shud cap upside
n yield retreat but below 1.6322 is needed to con-
firm recovery is over, yield re-test of said sup.

Hold short with stop as indicated, break wud
risk stronger retracement to 1.6447...

   Rate:     +1.6325+
   Strategy:     +Target met+
   Position:     Short at 1.6381
   Objective:     1.6325
   Stop-Loss:     
   Resistance:     1.6419/1.6447/1.6487
   Support:     1.6251/1.6240/1.6201

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Update Time:     26 Oct 2009 15:15GMT
EUROPEAN CLOSING USD/CHF OUTLOOK - +1.0100+

Dlr's rebound after holding abv 1.0052 suggests
further choppy trading abv last wk's low at 1.0033
wud continue with mild upside bias n gain to 1.0104
is seen but break needed to bring stronger retrace.
of recent decline to 1.0130/35 later.

Trade fm long side for this move, stop as indi-
cated, below signals recovery is over, 1.0033...

   Rate:     +1.0100+
   Strategy:     +Target met+
   Position:     Long at 1.0060
   Objective:     1.0100
   Stop-Loss:     
   Resistance:     1.0104/1.0123/1.0169
   Support:     1.0052/1.0033/1.0011

*******************************************************
Update Time:     26 Oct 2009 01:56GMT
INTRA-DAY AUD/USD OUTLOOK - +0.9265+

Despite a brief dip to 0.9190 after release of a
tamer-than-expected Australian inflation data, as
aud has rebounded after trading abv indicated good
sup at 0.9181/85, consolidation with upside bias is
seen but reckon 0.9197/99 wud remain intact.

Venture buying for further gain to 0.9255 n only
below 0.9181 wud risk correction twd 0.9145/50.

   Rate:     +0.9265+
   Strategy:     +Target met+
   Position:     +Long at 0.9229+
   Objective:     +0.9265+
   Stop-Loss:     
   Resistance:     0.9299/0.9330/0.9363
   Support:     0.9181/0.9113/0.9032

*******************************************************
Update Time:     26 Oct 2009 01:21GMT
INTRA-DAY EUR/USD OUTLOOK - +1.5035+

Despite falling marginally below Friday's low at
1.4985 at Tokyo opening, euro's present rebound fm
1.4981 suggests an intra-day low is possibly made n
consolidation with mild upside bias is seen for a
retrace. of early fall fm 1.5061 to 1.5035/40.

Venture buying for this move but 1.5061 shud
hold. Below 1.4981 wud risk 1.4962, 1.4943 later.

   Rate:     +1.5035+
   Strategy:     +Target met+
   Position:     +Long at 1.5000+
   Objective:     1.5035
   Stop-Loss:     
   Resistance:     1.5032/1.5061/1.5088
   Support:     1.4981/1.4962/1.4943

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Published on  Tue, Oct 27 2009, 07:32 GMT