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Update Time: 15 Mar 2010 23:31GMT
INTRA-DAY USD/JPY OUTLOOK - +90.35+
As dlr has fallen after staging a minor recovery
fm NY o/n low fm 90.36 to 90.55, intra-day bearish-
ness remains for re-test of 90.30, break there wud
confirm recent upmove has made a temp. top at 91.09
Friday n yield retrace. to 90.16, then 89.90/94.
Hold short with stop as indicated n only abv 90.
55 prolongs choppy consolidation, risks 90.80/83.
Rate: +90.35+
Strategy: +Target met+
Position: Short at 90.75
Objective: 90.35
Stop-Loss:
Resistance: 90.55/90.83/91.09
Support: 90.30/90.16/89.94
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Update Time: 15 Mar 2010 15:16GMT
EUROPEAN CLOSING AUD/USD OUTLOOK - +0.9100+
As aussie has recovered after intra-day selloff
fm 0.9209 to 0.9118, suggesting further choppy trad
ing inside near term range of 0.9111-0.9195 wud con
tinue n although marginal gain is expected, 0.9140/
50 shud cap upside n yield another fall.
Sell on further pullback with stop as indicated
n only abv 0.9192/95 extend recent rise to 0.9209.
Rate: +0.9100+
Strategy: +Target met+
Position: +Short at 0.9130+
Objective: 0.9100
Stop-Loss:
Resistance: 0.9162/0.9193/0.9209
Support: 0.9086/0.9056/0.9040
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Update Time: 15 Mar 2010 15:15GMT
EUROPEAN CLOSING EUR/JPY OUTLOOK - +123.85+
Euro's retreat after faltering below 124.96
res suggests further choppy trading below Friday's
high of 125.36 wud continue n pullback to 124.01 is
likely, break wud bring stronger retrace. of recent
upmove to 123.68 b4 rebound.
Hold short with stop as indicated, break wud
signal pullback is over, 124.80/90.
Rate: +123.85+
Strategy: +Target met+
Position: Short at 124.25
Objective: 123.85
Stop-Loss:
Resistance: 124.40/124.96/125.36
Support: 123.68/123.01/122.61
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Published on Tue, Mar 16 2010, 03:00 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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