AceTrader 1-wk TRIAL
www.AceTraderFX.com 24-Hr Real-time Signals Consistent Performance Intra-day, Daily, Weekly. with Email Alerts Function Try 1-week for $25 USDUpdate Time: 22 Apr 2009 01:47GMT
INTRA-DAY EUR/JPY OUTLOOK - 127.09
Despite euro's anticipated fall after meeting
renewed selling at 127.86, below sup at 126.53 is
needed to signal recent decline has resumed n bring
a re-test of y'day's low at 126.10, otherwise,
further consolidation is likely in Asia.
Exit intra-day short n look to sell again on
recovery as aforesaid res at 127.86 shud cap upside
Rate: 127.09
Strategy: Exit short
Position: Short at 127.50
Objective:
Stop-Loss:
Resistance: 127.54/127.86/128.13
Support: 126.53/126.10/125.45
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Update Time: 21 Apr 2009 07:01GMT
INTRA-DAY GBP/USD OUTLOOK - 1.4492
Despite cable's brief drop to around 1.4478 at
European opening, subsequent rebound after holding
abv 1.4467 suggests further choppy sideways trading
wud be seen n another bounce to 1.4540/45 cannot be
ruled out, however, res at 1.4575 shud cap upside.
Wud be prudent to exit short n look to sell
again on recovery. Below 1.4467 extends to 1.4431..
Rate: 1.4492
Strategy: Exit short
Position: Short at 1.4522
Objective:
Stop-Loss:
Resistance: 1.4590/1.4658/1.4706
Support: 1.4467/1.4431/1.4400
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Update Time: 21 Apr 2009 01:25GMT
INTRA-DAY AUD/USD OUTLOOK - 0.7011
Although aussie's anticipated intra-day rebound
suggests further consolidation abv o/n NY low at
0.6953 is in store, choppy trading is likely after
the release of RBA meeting minutes n another fall
to said sup cannot be ruled out.
Exit intra-day long n stand aside for now. Abv
0.7020/30 wud bring correction to 0.7060 b4 retreat
Rate: 0.7011
Strategy: Exit long
Position: Long at 0.6980
Objective:
Stop-Loss:
Resistance: 0.7020/0.7079/0.7138
Support: 0.6953/0.6915/0.6855
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