Thursday, August 26, 2010

Recent Recommended Trades


Forex Special 


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Update Time: 26 Aug 2010 09:08GMT 
INTRA-DAY USD/CHF OUTLOOK - +1.0280+

Despite intra-day rebound fm 1.0281 to 1.0319,
current retreat on renewed cross buying in chf sug-
gests recovery fm y'day's low of 1.0247 has possi-
bly ended there n consolidation with downside bias 
wud be seen for weakness to 1.0280/81.

Trade fm short side n exit on decline. A firm
rise abv 1.0338 may risk stronger gain twd 1.0373.

   Rate: +1.0280+ 
   Strategy: +Target met+ 
   Position: Short at 1.0315 
   Objective: 1.0280 
   Stop-Loss:  
   Resistance: 1.0319/1.0338/1.0373 
   Support: 1.0268/1.0247/1.0220 
******************
Update Time: 26 Aug 2010 07:03GMT 
INTRA-DAY EUR/USD OUTLOOK - +1.2730+

Lack of strg follow through buying abv 1.2727/
30 n present retreat fm 1.2738 suggest risk is seen
for a pullback to 1.2690/95 b4 prospect of a resump
tion of erratic upmove fm 1.2588 to 1.2745/50, how-
ever, reckon 1.2772 (prev. sup) shud cap upside.

Wud be prudent to exit long n look to buy again
on dips as only below 1.2678 wud signal top made.

   Rate: +1.2730+ 
   Strategy: +Target met+ 
   Position: +Long at 1.2695+ 
   Objective: 1.2730 
   Stop-Loss:  
   Resistance: 1.2738/1.2772/1.2833 
   Support: 1.2678/1.2650/1.2608 
*********************
Update Time: 26 Aug 2010 06:06GMT 
INTRA-DAY AUD/USD OUTLOOK - +0.8885+

Aud's breach of 0.8867 (AUS) indicates the rise
fm y'day's low at 0.8770 to retrace recent decline
remains in progress n upside bias is seen for fur-
ther gain twd 0.8895, however, sharp move beyond
there is prevented due to nr term o/bot condition.

Hold long with stop as suggested n only below 
0.8830/32 signals intra-day top is made, 0.8805/10.

   Rate: +0.8885+ 
   Strategy: +Target met+ 
   Position: Long at 0.8850 
   Objective: 0.8885 
   Stop-Loss:  
   Resistance: 0.8895/0.8925/0.8946 
   Support: 0.8830/0.8796/0.8770 
 *********************

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