AceTrader 1-wk TRIAL
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Update Time: 09 Sep 2010 01:32GMT
INTRA-DAY AUD/USD OUTLOOK - +0.9220+
A$'s firmness after the release of better-than-
expected jobs data suggests upside bias is seen for
for re-test of y'day's 0.9194 high n break there
wud confirm recent upmove fm 0.8770 has resumed n
head twd last month's top at 0.9223 later.
Buy at market, stop as indicated n only below
0.9152 wud signal temp. top is made, risk 0.9134...
Rate: +0.9220+
Strategy: +Target met+
Position: +Long at 0.9180+
Objective: 0.9220
Stop-Loss:
Resistance: 0.9223/0.9251/0.9291
Support: 0.9152/0.9134/0.9092
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Update Time: 08 Sep 2010 15:10GMT
DAILY GBP/USD OUTLOOK - +1.5530+
Despite y'day's resumption of decline to a 1-mth
low of 1.5296, subsequent strg rebound suggests ear
ly fall fm 1.5999 has formed a temp. low there n
upside bias is seen for a stronger retrace. to 1.55
30/40 but 1.5565/70 wud cap upside.
Trade fm long side with stop now at break-even.
Only below 1.5412 wud risk pullback to 1.5376.
Rate: +1.5530+
Strategy: +Target met+
Position: Long at 1.5435
Objective: 1.5530
Stop-Loss:
Resistance: 1.5531/1.5565/1.5599
Support: 1.5412/1.5376/1.5344
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INTRA-DAY EUR/JPY OUTLOOK - 105.85
Update Time: 08 Sep 2010 04:03GMT
INTRA-DAY EUR/JPY OUTLOOK - 105.85
Although euro has penetrated intra-day low at
106.10 (AUS) after meeting renewed selling earlier
in Asia at 106.50, near term 'loss of momentum' is
likely to prevent steep fall n reckon 105.70/80 wud
contain weakness, bring a stronger recovery.
Wud be prudent to take profit here n look to
sell on subsequent rebound as 106.50 shud hold.
Rate: 105.85
Strategy: Exit short
Position: Short at 106.22
Objective:
Stop-Loss:
Resistance: 106.10/106.50/107.06
Support: 105.75/105.44/104.91
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