AceTrader 1-wk TRIAL
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Update Time: 05 Feb 2009 14:21GMT
WEEKLY EUR/GBP CROSS OUTLOOK - +0.8750+
Last week's selloff signals rebound fm 0.8839
has ended at 0.9520 n another leg of corrective
decline fm '08 record high at 0.9805 is under way,
below 0.8804 wud extend weakness to 0.8745/50 n
then twds 0.8675 b4 prospect of a rebound later due
to anticipated o/sold condition.
Sell on recovery with stop as indicated, abv
wud suggest temp. low is made instead n risk gain
to 0.9140/50 but 0.9207 (prev. sup) shud hold...
Rate: +0.8750+
Strategy: +Target met+
Position: +Short at 0.9000+
Objective: 0.8750
Stop-Loss:
Resistance: 0.8804/0.8930/0.9085
Support: 0.8675/0.8575/0.8510
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Update Time: 05 Feb 2009 12:12GMT
DAILY EUR/GBP OUTLOOK - 0.8825
Despite euro's anticipated weakness, a breach of
last wk's 0.8804 low is needed to confirm decline
fm record top at 0.9805 to retrace MT uptrend has
resumed n extend twd 0.8755/65 b4 prospect of a
rebound due to loss of momentum.
Wud be prudent to exit short n stand aside. Abv
0.8884 wud suggest a temp. low is made, 0.8930...
Rate: 0.8825
Strategy: Exit short
Position: Short at 0.8905
Objective:
Stop-Loss:
Resistance: 0.8884/0.8930/0.8985
Support: 0.8804/0.8762/0.8700
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Update Time: 05 Feb 2009 12:22GMT
INTRA-DAY EUR/JPY CROSS OUTLOOK - 115.80
Although euro's anticipated firmness signals the
correction fm 117.04 has indeed ended at 114.22 n
consolidation with upside bias is seen, near term
o/bot condition shud limit upside to 116.00 n risk
fm there has increased for a retreat later.
Wud be prudent to exit long n stand aside. Only
below 115.34 prolongs choppy trading, 114.90/00...
Rate: 115.80
Strategy: Exit long
Position: Long at 115.50
Objective:
Stop-Loss:
Resistance: 115.94/116.75/117.04
Support: 115.34/114.57/114.22
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Update Time: 05 Feb 2009 14:21GMT
WEEKLY EUR/GBP CROSS OUTLOOK - +0.8750+
Last week's selloff signals rebound fm 0.8839
has ended at 0.9520 n another leg of corrective
decline fm '08 record high at 0.9805 is under way,
below 0.8804 wud extend weakness to 0.8745/50 n
then twds 0.8675 b4 prospect of a rebound later due
to anticipated o/sold condition.
Sell on recovery with stop as indicated, abv
wud suggest temp. low is made instead n risk gain
to 0.9140/50 but 0.9207 (prev. sup) shud hold...
Rate: +0.8750+
Strategy: +Target met+
Position: +Short at 0.9000+
Objective: 0.8750
Stop-Loss:
Resistance: 0.8804/0.8930/0.9085
Support: 0.8675/0.8575/0.8510
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Update Time: 05 Feb 2009 12:12GMT
DAILY EUR/GBP OUTLOOK - 0.8825
Despite euro's anticipated weakness, a breach of
last wk's 0.8804 low is needed to confirm decline
fm record top at 0.9805 to retrace MT uptrend has
resumed n extend twd 0.8755/65 b4 prospect of a
rebound due to loss of momentum.
Wud be prudent to exit short n stand aside. Abv
0.8884 wud suggest a temp. low is made, 0.8930...
Rate: 0.8825
Strategy: Exit short
Position: Short at 0.8905
Objective:
Stop-Loss:
Resistance: 0.8884/0.8930/0.8985
Support: 0.8804/0.8762/0.8700
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Update Time: 05 Feb 2009 12:22GMT
INTRA-DAY EUR/JPY CROSS OUTLOOK - 115.80
Although euro's anticipated firmness signals the
correction fm 117.04 has indeed ended at 114.22 n
consolidation with upside bias is seen, near term
o/bot condition shud limit upside to 116.00 n risk
fm there has increased for a retreat later.
Wud be prudent to exit long n stand aside. Only
below 115.34 prolongs choppy trading, 114.90/00...
Rate: 115.80
Strategy: Exit long
Position: Long at 115.50
Objective:
Stop-Loss:
Resistance: 115.94/116.75/117.04
Support: 115.34/114.57/114.22
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