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Recent Recommended Trades

Thu, Oct 29 2009, 07:30 GMT

AceTrader

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Update Time:     29 Oct 2009 02:01GMT
INTRA-DAY EUR/JPY OUTLOOK - 132.93

Although euro's decline fm this Monday's high at
138.49 has resumed n may extend marginally fm here,
132.60/65 shud contain downside due to o/sold con-
dition n risk has increased for a rebound later.

Wud be prudent to exit short n stand aside. Abv
133.20/30 wud suggest temp. low is possibly made n
yield minor correction to 133.50/60.

   Rate:     132.93
   Strategy:     Exit short
   Position:     Short at 133.25
   Objective:     
   Stop-Loss:     
   Resistance:     133.28/133.80/134.37
   Support:     132.64/132.25/131.30
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Update Time:     28 Oct 2009 16:49GMT
EUROPEAN CLOSING EUR/GBP OUTLOOK - +0.8980+

Euro's breach of y'day's 0.9027 low signals near
term fall fm 0.9240 has resumed n further weakness
to daily 0.8998 sup is seen, however, break needed
to confirm erratic decline fm 0.9413 has finally
resumed n extend twd 0.8960/70 later.

Sell on recovery with stop as indicated, abv wud
prolong choppy trading n risk 0.9069...

   Rate:     +0.8980+
   Strategy:     +Target met+
   Position:     +Short at 0.9015+
   Objective:     +0.8980+
   Stop-Loss:     
   Resistance:     0.9027/0.9069/0.9083
   Support:     0.8934/0.8883/0.8839
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Update Time:     28 Oct 2009 16:38GMT
EUROPEAN CLOSING EUR/JPY OUTLOOK - +133.90+

Euro's breach of 133.37 signals decline fm this
week's 138.49 top to retrace recent upmove has re-
sumed n further weakness to 133.90/00 wud be seen,
however, o/sold condition wud limit downside to
133.77 fm here n risk corrective bounce later.

Sell at market with stop as indicated, break
wud yield stronger gain twd 135.07 b4 down...

   Rate:     +133.90+
   Strategy:     +Target met+
   Position:     +Short at 135.40+
   Objective:     133.90
   Stop-Loss:     
   Resistance:     134.68/135.07/135.66
   Support:     133.77/133.02/132.25
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Update Time:     28 Oct 2009 11:27GMT
DAILY GBP/USD OUTLOOK - +1.6305+

Y'day's strg retreat fm 1.6440 to 1.6311 signals
recovery fm this week's low at 1.6251 has possibly
ended but below 1.6286 needed to bring resumption
of nr term decline fm 1.6694 to 1.6200/10 b4 pros-
pect of a strg rebound due to 'loss of momentum'.

Hold short, stop abv Asian high at 1.6406 n only
abv 1.6440 wud risk retrace. twd 1.6487 b4 down.

   Rate:     +1.6305+
   Strategy:     +Target met+
   Position:     Short at 1.6390
   Objective:     +1.6305+
   Stop-Loss:     
   Resistance:     1.6406/1.6440/1.6487
   Support:     1.6286/1.6251/1.6201
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Update Time:     28 Oct 2009 09:43GMT
INTRA-DAY EUR/JPY OUTLOOK - 134.60

Despite euro's anticipated resumption of decline
fm this week's high of 138.49 to 134.50, near term
loss of momentum shud prevent steep fall below said
sup n risk has increased for a minor corrective
bounce to take place later.

Wud be prudent to exit short n sell again on sub
sequent recovery as 135.10/20 shud limit upside...

   Rate:     134.60
   Strategy:     Exit short
   Position:     Short at 134.90
   Objective:     
   Stop-Loss:     
   Resistance:     134.84/135.15/135.66
   Support:     133.96/133.77/133.32
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Published on  Thu, Oct 29 2009, 07:44 GMT