Recent Recommended Trades |
Update Time: 18 Nov 2010 15:01GMT
INTRA-DAY USD/JPY OUTLOOK – +83.45+
Despite early rebound fm 83.10 to 83.36 in European morning session due to cross-selling in yen, as dlr's intra-day broad-based decline has pushed price lower, suggesting further sideways trading wud continue b4 prospect of another rise to 83.45.
Hold long, stop at breakeven n only below 83.00/03 sup wud risk weakness twd 82.85.
Rate: +83.45+
Strategy: +Target met+
Position: Long at 83.15
Objective: 83.45
Stop-Loss:
Resistance: 83.60 / 83.99 / 84.26
Support: 83.03 / 82.85 / 82.71
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Update Time: 18 Nov 2010 11:39GMT
INTRA-DAY EUR/USD OUTLOOK – +1.3655+
Euro has ratcheted higher after early pullback fm European morning high of 1.3657 to 1.3614, near term upside bias is retained but abv said res needed to extend this week's corrective rise fm 1.3446 to 1.3670 shud is likely to hold on 1st testing.
Trade fm long side, stop at breakeven n only below 1.3600 signals top is possibly made, 1.3566.
Rate: +1.3655+
Strategy: +Target met+
Position: Long at 1.3615
Objective: 1.3655
Stop-Loss:
Resistance: 1.3657/1.3670/1.3710
Support: 1.3612/1.3576/1.3546
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Update Time: 18 Nov 2010 11:40GMT
INTRA-DAY EUR/JPY OUTLOOK – +113.65+
As euro has rebounded after intra-day pullback fm 113.24 to 112.94, suggesting upside bias remains for nr term rise fm Tuesday's 112.27 low to bring re-test of last wk's 113.65 high after consolidation but break needed to extend to 113.80.
Hold long with stop now at breakeven n only below 112.94 wud risk weakness twd 112.79.
Rate: +113.65+
Strategy: +Target met+
Position: Long at 113.21
Objective: 113.65
Stop-Loss:
Resistance: 113.65/113.80/114.13
Support: 112.94/112.79/112.49
About the author: AceTrader
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