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Recent Recommended Trades

Mon, Nov 2 2009, 03:39 GMT

AceTrader

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Update Time:     30 Oct 2009 14:45GMT
EUROPEAN CLOSING EUR/JPY OUTLOOK - 134.45

Although euro's anticipated weakness signals the
recovery fm 134.42 has ended at 135.05 n decline fm
y'day's high at 136.00 may extend marginally, near
term loss of momentum shud keep price abv 133.94
(prev. res, now sup) n risk rebound later.

Wud be prudent to exit short n stand aside. Abv
134.70/80 prolongs choppy trading n may risk 135.05

   Rate:     134.45
   Strategy:     Exit short
   Position:     Short at 134.75
   Objective:     
   Stop-Loss:     
   Resistance:     135.05/135.40/136.00
   Support:     134.42/133.94/133.54
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Update Time:     30 Oct 2009 11:40GMT
INTRA-DAY EUR/GBP OUTLOOK - +0.8950+

Euro's retreat after marginal gain to 0.8990 sug
gests consolidaiton with downside bias is seen for
weakness to 0.8948 n break wud signal correction fm
y'day's low at 0.8912 has ended, yield resumption
of recent decline to re-test said sup 1st.

Hold short n only firm breach abv 0.8990/95 wud
abort n risk stronger retracement to 0.9025/30...

   Rate:     +0.8950+
   Strategy:     +Target met+
   Position:     Short at 0.8985
   Objective:     0.8950
   Stop-Loss:     
   Resistance:     0.8995/0.9027/0.9069
   Support:     0.8948/0.8912/0.8900
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Update Time:     30 Oct 2009 07:31GMT
INTRA-DAY GBP/USD OUTLOOK - 1.6555

Despite intra-day anticipated rebound after
finding buying interest at 1.6524, a firm break abv
1.6580 (Asia) is needed to signal the correction fm
y'day's high at 1.6605 has ended n bring re-test of
this res, otherwise, choppy trading is likely.

Exit intra-day long n look to buy again on
dips as 1.6490/00 shud limit downside.

   Rate:     1.6555
   Strategy:     Exit long
   Position:     Long at 1.6525
   Objective:     
   Stop-Loss:     
   Resistance:     1.6580/1.6605/1.6694
   Support:     1.6524/1.6466/1.6406

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Published on  Mon, Nov 2 2009, 03:42 GMT