Recent Recommended Trades

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Fri, Mar 5 2010, 01:57 GMT

AceTrader | View company’s profile

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Update Time: 04 Mar 2010 14:04GMT
DAILY USD/JPY OUTLOOK – +89.10+

Despite intra-day resumption of recent decline
fm 92.16, as 88.14 has contained dlr’s weakness, a
firm rise abv 88.64 (Tokyo high) wud be 1st signal
a temp. low is in place n bring a much-needed minor
correction to 89.20 but strg res 89.51 shud hold.

Reinstate long for this move with stop as indica
ted, break may risk one more fall twd 87.86.

Rate: +89.10+
Strategy: +Target met+
Position: +Long at 88.40+
Objective: +89.10+
Stop-Loss:
Resistance: 89.00/89.38/89.51
Support: 88.57/88.14/87.86

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Update Time: 04 Mar 2010 13:56GMT
INTRA-DAY USD/JPY OUTLOOK – +88.80+

Dlr’s intra-day rebound fm 88.14 to 88.57 sug-
gests recent decline has possibly made a low there,
consolidation with upside bias wud be seen n abv
88.57/64 res wud confirm n yield stronger retrace.
twds 89.00 later.

Trade fm long side with stop as indicated n only
below 88.14 wud extend marginally to 88.00…

Rate: +88.80+
Strategy: +Target met+
Position: Long at 88.40
Objective: 88.80
Stop-Loss:
Resistance: 88.64/89.00/89.51
Support: 88.14/88.00/87.86

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Update Time: 04 Mar 2010 11:58GMT
INTRA-DAY EUR/GBP OUTLOOK – +0.9080+

Despite nr term sideways trading inside 0.9012-
0.9150, as long as y’day’s low of 0.9050/55 holds,
upside bias is still seen for re-test of 0.9100/02
res but break is needed to yield gain to 0.9115/20
but said res shud remain intact.

Still favour buying euro on dips with stop as in
dicated, below may risk 0.9020/25.

Rate: +0.9080+
Strategy: +Target met+
Position: +Long at 0.9060+
Objective: +0.9080+
Stop-Loss:
Resistance: 0.9102/0.9124/0.9150
Support: 0.9050/0.9012/0.9000
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Published on Fri, Mar 5 2010, 01:58 GMT