Some of Recommended Trades By Acetrader

acetraderfx

AceTrader.com Representative
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Update Time: 24 Aug 2010 07:17GMT

INTRA-DAY EUR/USD OUTLOOK - +1.2615+

Although euro has recovered after extending
recent decline to 1.2620 n sideways trading wud be
seen, as long as 1.2664 (previous sup, now res)
holds, one more fall to 1.2605 is still likely b4
correction due to nr term loss of momentum.

Remain as cautious seller for this move n only
abv 1.2684 confirms a temporary low is in place.

Rate: +1.2615+ Strategy: +Target met+

Position: +Short at 1.2655+ Objective: 1.2615

Stop-Loss:

Resistance: 1.2664/1.2684/1.2730

Support: 1.2605/1.2583/1.2529

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Update Time: 24 Aug 2010 05:36GMT
INTRA-DAY GBP/USD OUTLOOK - +1.5420+

Cable has fallen again after a brief recovery fm
1.5435 to 1.5461, retaining intra-day bearishness
for weakness to 1.5415/20, o/sold condition is like
ly to prevent steep fall ahead of European opening
n reckon 1.5400/10 wud hold on 1st testing.

Trade fm short side n only abv 1.5464 signals a
temporary low is made, risks 1.5480/90 b4 down.


Rate: +1.5420+ Strategy: +Target met+

Position: Short at 1.5455 Objective: 1.5420

Stop-Loss:

Resistance: 1.5464/1.5500/1.5527 Support: 1.5415/1.5400/1.5368

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Update Time:23 Aug 2010 14:21GMT

EUROPEAN CLOSING EUR/USD OUTLOOK - +1.2690+

Despite nr term choppy sideways trading, as euro
has retreated after faltering below 1.2730/34 res
area, consolidation with downside bias remains, how
ever, breach of 1.2682 needed to confirm recovery
fm 1.2664 is over n extend fall to 1.2640.

Trade fm short side with stop now at break-even
n only abv 1.2734 risks stronger bounce to 1.2772.

Rate:+1.2690+ Strategy:+Target met+

Position:Short at 1.2720 Objective:1.2690

Stop-Loss:

Resistance:1.2734/1.2772/1.2833 Support:1.2664/1.2640/1.2605

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Update Time:23 Aug 2010 14:24GMT

EUROPEAN CLOSING GBP/USD OUTLOOK - +1.5540+

Despite cable's brief bounce fm 1.5521 to around
1.5579, early strg retreat fm 1.5620 suggests reco-
very fm last Friday's low of 1.5464 has formed a
temp. top there n choppy trading with downside bias
wud be seen but reckon 1.5498 wud contain weakness.

Trade fm short side with stop as indicated, break
wud risk stronger bounce but 1.5620 wud cap upside.

Rate:+1.5540+ Strategy:+Target met+

Position:Short at 1.5570 Objective:+1.5540+

Stop-Loss:

Resistance:1.5579/1.5620/1.5672 Support:1.5498/1.5464/1.5400
 
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