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Update Time: 10 Mar 2010 15:52GMT
EUROPEAN CLOSING USD/CHF OUTLOOK - +1.0710+
Dlr's strg retreat fm 1.0795 to 1.0727 suggests
further choppy trading below y'day's high of 1.0805
wud continue n consolidation with downside bias
remains for further weakness to 1.0701/10, below
wud extend twd 1.0676 but 1.0648 sup wud hold.
Hold short for this move n only abv 1.0805/10
res area wud abort daily bearishness on dlr.
Rate: +1.0710+
Strategy: +Target met+
Position: Short at 1.0750
Objective: 1.0710
Stop-Loss:
Resistance: 1.0753/1.0773/1.0795
Support: 1.0701/1.0676/1.0648
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Update Time: 10 Mar 2010 15:33GMT
EUROPEAN CLOSING EUR/USD OUTLOOK - +1.3640+
Euro's intra-day strg rebound fm 1.3544 to 1.36
33 suggests recent 'choppy' sideways trading wud
continue with upside bias for gain to 1.3642 n then
twds 1.3673, however, near term o/bot condition
shud cap price below res at 1.3705.
Hold long for this move with stop at break-even,
below wud defer n risk pullback to 1.3575...
Rate: +1.3640+
Strategy: +Target met+
Position: Long at 1.3600
Objective: 1.3640
Stop-Loss:
Resistance: 1.3642/1.3673/1.3705
Support: 1.3575/1.3530/1.3500
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Update Time: 10 Mar 2010 15:16GMT
DAILY AUD/JPY CROSS OUTLOOK - +83.30+
Present breach of 82.80 suggests rise fm 76.20
has resumed n further headway to 83.28 is seen but
83.90 shud hold due to o/bot condition.
Trade fm long side with stop as indicated n be-
low wud prolong choppy trading n risk 81.28.
Rate: +83.30+
Strategy: +Target met+
Position: Long at 82.65
Objective: 83.30
Stop-Loss:
Resistance: 83.90/84.35/84.90
Support: 82.54/82.18/81.93
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Published on Thu, Mar 11 2010, 02:56 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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