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Update Time: 05 Feb 2010 19:43GMT
DAILY USD/CHF OUTLOOK - 1.0755
Dlr's rebound after finding renewed buying at
1.0696 suggests pullback fm 1.0800 has possibly end
ed there n consolidation with upside bias wud be
seen, however, current o/sold condition shud cap
upside well below 1.0800 n yield retreat to 1.0696.
Wud be prudent to exit long n stand aside. Abv
said res signals uptrend resumed, 1.0870 later.
Rate: 1.0755
Strategy: Exit long
Position: Long at 1.0700
Objective:
Stop-Loss:
Resistance: 1.0800/1.0870/1.0935
Support: 1.0696/1.0647/1.0599
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Update Time: 05 Feb 2010 16:48GMT
DAILY AUD/JPY CROSS OUTLOOK - +76.80+
Despite A$'s recovery fm y'day's 76.26 low, sub-
sequent retreat fm 78.13 suggests correction over n
downside bias is seen for fall to 76.75/80.
Hold short with stop as indicated, break wud
risk stronger retrace. to 78.50/60.
Rate: +76.80+
Strategy: +Target met+
Position: Short at 77.80
Objective: 76.80
Stop-Loss:
Resistance: 78.00/78.47/79.06
Support: 76.82/76.26/75.37
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Update Time: 05 Feb 2010 16:49GMT
WEEKLY USD/ZAR OUTLOOK - +7.7800+
Despite usd's consolidation outlook, as long as
7.40/45 holds, upside bias remains for nr term rise
fm 7.2517 to extend to daily res at 7.7900.
Buy on dips with stop as indicated, below wud
signal MT decline has possibly resumed, 7.2300 1st.
Rate: +7.7800+
Strategy: +Target met+
Position: +Long at 7.4500+
Objective: 7.7800
Stop-Loss:
Resistance: 7.7900/7.9350/8.2316
Support: 7.2899/7.2517/7.2300
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Published on Mon, Feb 8 2010, 02:55 GMT
Trendsetter Financial Markets Ltd.
| Room 1309 - 1311, 13/F., Tai Yau Building, No. 181 Johnston Road, Wan Chai, Hong Kong.
http://www.AceTraderFX.com | cs@acetrader.com
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