Recent Recommended Trades

[forexpot]

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
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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
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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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