AceTrader 1-wk TRIAL
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Update Time: 07 Jan 2009 05:04GMT
DAILY EUR/USD OUTLOOK - 1.3510
Although euro's rebound fm 1.3312 suggests re-
cent decline has formed a temp. low y'day, a firm
breach of 1.3543/46 is needed to signal correction
is under way n extend gain to 1.3570/80 n 1.3610,
otherwise, risk is seen for a pullback.
Exit long n stand aside. Below 1.3430 wud yield
weakness to 1.3390/00 but 1.3312 shud hold...
Rate: 1.3510
Strategy: Exit long
Position: Long at 1.3450
Objective:
Stop-Loss:
Resistance: 1.3546/1.3660/1.3708
Support: 1.3430/1.3312/1.3242
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Update Time: 06 Jan 2009 20:00GMT
WEEKLY OUTLOOK ON AUD/USD - +0.7250+
Aussie's intra-day breach of 0.7140 signals the
upmove fm Oct '08 low at 0.6007 has resumed n cor-
rection of MT decline to 0.7250/60 n then 0.7350 is
seen, however, anticipated o/bot condition shud cap
upside below 0.7475 n yield a retreat later.
Incline to buy on dips with stop as indicated n
exit on subsequent rise. Only below 0.6915 sup wud
suggest temp. top has been formed n risk pullback
to 0.6840/50...
Rate: +0.7250+
Strategy: +Target met+
Position: +Long at 0.7050+
Objective: 0.7250
Stop-Loss:
Resistance: 0.7264/0.7364/0.7475
Support: 0.6969/0.6850/0.6755
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Update Time: 06 Jan 2009 22:46GMT
INTRA-DAY EUR/JPY CROSS OUTLOOK - +126.25+
Euro's retreat fm 127.15 (o/n NY high) suggests
nr term rise fm y'day's low at 125.18 has formed a
top n consolidation with downside bias is seen for
weakness to 126.20/25 n 125.90/00 but below 125.70
is needed to signal decline fm 129.70 has resumed.
Sell for this move with stop as indicated n
only abv 127.15 risks possible re-test of 127.40...
Rate: +126.25+
Strategy: +Target met+
Position: +Short at 126.75+
Objective: 126.25
Stop-Loss:
Resistance: 127.15/127.40/128.19
Support: 125.70/125.18/124.87
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Update Time: 07 Jan 2009 05:04GMT
DAILY EUR/USD OUTLOOK - 1.3510
Although euro's rebound fm 1.3312 suggests re-
cent decline has formed a temp. low y'day, a firm
breach of 1.3543/46 is needed to signal correction
is under way n extend gain to 1.3570/80 n 1.3610,
otherwise, risk is seen for a pullback.
Exit long n stand aside. Below 1.3430 wud yield
weakness to 1.3390/00 but 1.3312 shud hold...
Rate: 1.3510
Strategy: Exit long
Position: Long at 1.3450
Objective:
Stop-Loss:
Resistance: 1.3546/1.3660/1.3708
Support: 1.3430/1.3312/1.3242
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Update Time: 06 Jan 2009 20:00GMT
WEEKLY OUTLOOK ON AUD/USD - +0.7250+
Aussie's intra-day breach of 0.7140 signals the
upmove fm Oct '08 low at 0.6007 has resumed n cor-
rection of MT decline to 0.7250/60 n then 0.7350 is
seen, however, anticipated o/bot condition shud cap
upside below 0.7475 n yield a retreat later.
Incline to buy on dips with stop as indicated n
exit on subsequent rise. Only below 0.6915 sup wud
suggest temp. top has been formed n risk pullback
to 0.6840/50...
Rate: +0.7250+
Strategy: +Target met+
Position: +Long at 0.7050+
Objective: 0.7250
Stop-Loss:
Resistance: 0.7264/0.7364/0.7475
Support: 0.6969/0.6850/0.6755
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Update Time: 06 Jan 2009 22:46GMT
INTRA-DAY EUR/JPY CROSS OUTLOOK - +126.25+
Euro's retreat fm 127.15 (o/n NY high) suggests
nr term rise fm y'day's low at 125.18 has formed a
top n consolidation with downside bias is seen for
weakness to 126.20/25 n 125.90/00 but below 125.70
is needed to signal decline fm 129.70 has resumed.
Sell for this move with stop as indicated n
only abv 127.15 risks possible re-test of 127.40...
Rate: +126.25+
Strategy: +Target met+
Position: +Short at 126.75+
Objective: 126.25
Stop-Loss:
Resistance: 127.15/127.40/128.19
Support: 125.70/125.18/124.87
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