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Our Recommended Trades
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| DAILY GBP/USD OUTLOOK - 1.6340 |
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| Update
Time: |
02 Jul 2009 23:49GMT |
DAILY GBP/USD OUTLOOK - 1.6340
Although cable resumed this week's major fall fm
09' top at 1.6745 to 1.6330 in Europe, the marginal
weakness to 1.6323 in NY n subsequent recovery sug-
gest 'choppy' trading is likely b4 decline resumes
to 1.6290/00 but reckon 1.6231 wud hold today.
Exit previous short n sell again on recovery as
only abv 1.6465 signals temp. low made, 1.6541/46.
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| Rate: |
1.6340 |
| Strategy: |
Exit short n sell at 1.6400 |
| Position: |
Short at 1.6410 |
| Objective: |
1.6300 |
| Stop-Loss: |
1.6450 |
| Resistance: |
1.6430/1.6546/1.6605 |
| Support: |
1.6330/1.6265/1.6231 |
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| INTRA-DAY EUR/GBP OUTLOOK - +0.8628+ |
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| Update
Time: |
02 Jul 2009 07:54GMT |
INTRA-DAY EUR/GBP OUTLOOK - +0.8628+
Euro's anticipated firmness n breach of 0.8599
signal the erratic rise fm 0.8400 to retrace recent
decline has resumed n further gain to 0.8635 is
seen, however, loss of momentum shud limit upside n
risk has increased for a retreat later.
Buy again with stop as suggested n only below
0.8565 (Asia) indicates intra-day top made, 0.8551.
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| Rate: |
+0.8628+ |
| Strategy: |
+Target met+ |
| Position: |
+Long at 0.8593+ |
| Objective: |
0.8628 |
| Stop-Loss: |
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| Resistance: |
0.8635/0.8672/0.8689 |
| Support: |
0.8599/0.8565/0.8551 |
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| INTRA-DAY EUR/GBP OUTLOOK - +0.8600+ |
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| Update
Time: |
02 Jul 2009 06:20GMT |
INTRA-DAY EUR/GBP OUTLOOK - +0.8600+
As 0.8565 has contained the pullback fm y'day's
high at 0.8596, suggesting upmove fm last week's
low at 0.8400 wud resume soon n abv 0.8596/99 wud
confirm, extend gain to 0.8606 n then twd 0.8635 b4
retreat due to nr term loss of momentum.
Trade fm long side with stop as indicated n only
below 0.8551 risks weakness twd 0.8530/35.
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| Rate: |
+0.8600+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 0.8570 |
| Objective: |
0.8600 |
| Stop-Loss: |
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| Resistance: |
0.8606/0.8635/0.8672 |
| Support: |
0.8565/0.8551/0.8519 |
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| INTRA-DAY AUD/USD OUTLOOK - +0.8035+ |
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| Update
Time: |
02 Jul 2009 04:58GMT |
INTRA-DAY AUD/USD OUTLOOK - +0.8035+
Aud's intra-day weakness signals the recovery fm
0.8024 (y'day's low) has ended at 0.8109 n consoli-
dation with downside bias remains, however, breach
of said sup is needed to confirm decline fm 0.8156
to retrace recent upmove has resumed, 0.7984 later.
Trade fm short side with stop now at break-even,
abv prolongs choppy trading n risks 0.8096 (Aust.).
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| Rate: |
+0.8035+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 0.8075 |
| Objective: |
0.8035 |
| Stop-Loss: |
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| Resistance: |
0.8109/0.8156/0.8238 |
| Support: |
0.8039/0.8024/0.7984 |
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| INTRA-DAY GBP/USD OUTLOOK - 1.6512 |
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| Update
Time: |
01 Jul 2009 13:21GMT |
INTRA-DAY GBP/USD OUTLOOK - 1.6512
Present rally suggests decline fm 1.6745 has
formed a temp. low at 1.6381 n consolidation with
upside bias wud be seen for gain to 1.6508 n then
twds 1.6545, however, 1.6583 wud cap upside n yield
retreat later.
Wud be prudent to exit long n look to buy
again on dips as 1.6440 sup wud remain intact...
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| Rate: |
1.6512 |
| Strategy: |
Exit long |
| Position: |
Long at 1.6470 |
| Objective: |
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| Stop-Loss: |
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| Resistance: |
1.6545/1.6583/1.6619 |
| Support: |
1.6440/1.6381/1.6326 |
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| INTRA-DAY USD/CHF OUTLOOK - +1.0765+ |
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| Update
Time: |
01 Jul 2009 13:26GMT |
INTRA-DAY USD/CHF OUTLOOK - +1.0765+
Dlr's intra-day selloff suggests recovery fm
1.0777 has possibly ended at 1.0891 y'day n consoli
dation with downside bias wud be seen, below 1.0777
sup wud confirm decline fm 1.1026 has resumed n
extend weakness to 1.0750/60.
Sell at market with stop as indicated, break
wud prolong choppy trading n risk 1.0852, 1.0870...
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| Rate: |
+1.0765+ |
| Strategy: |
+Target met+ |
| Position: |
+Short at 1.0798+ |
| Objective: |
+1.0765+ |
| Stop-Loss: |
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| Resistance: |
1.0819/1.0870/1.0891 |
| Support: |
1.0719/1.0633/1.0592 |
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| INTRA-DAY EUR/USD OUTLOOK - +1.4145+ |
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| Update
Time: |
01 Jul 2009 13:23GMT |
INTRA-DAY EUR/USD OUTLOOK - +1.4145+
Present rally after finding renewed buying at
1.4045 suggests pullback fm y'day's high of 1.4153
has possibly ended at 1.4000 n consolidation with
upside bias wud be seen for gain to 1.4148/53 but
break needed to extend to pivotal res at 1.4178.
Buy at market with stop as indicated, break wud
prolong choppy trading n risk weakness to 1.4045/54
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| Rate: |
+1.4145+ |
| Strategy: |
+Target met+ |
| Position: |
+Long at 1.4115+ |
| Objective: |
+1.4145+ |
| Stop-Loss: |
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| Resistance: |
1.4153/1.4178/1.4226 |
| Support: |
1.4088/1.4045/1.4000 |
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| INTRA-DAY GBP/USD OUTLOOK - +1.6450+ |
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| Update
Time: |
01 Jul 2009 07:27GMT |
INTRA-DAY GBP/USD OUTLOOK - +1.6450+
Cable has finally staged a rebound after extend
ing y'day's steep decline fm 1.6745 to 1.6381 just
b4 European opening n although recovery to 1.6450
is now envisaged, reckon 1.6488 (Aust.) wud limit
intra-day gain n yield retreat.
For st trade, hold long for this move n then
sell on further rise for day trade.
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| Rate: |
+1.6450+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 1.6400 |
| Objective: |
1.6450 |
| Stop-Loss: |
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| Resistance: |
1.6488/1.6508/1.6545 |
| Support: |
1.6375/1.6326/1.6271 |
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| INTRA-DAY USD/JPY OUTLOOK - +96.55+ |
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| Update
Time: |
01 Jul 2009 01:07GMT |
INTRA-DAY USD/JPY OUTLOOK - +96.55+
Dlr has traded narrowly after release of Japan's
quarterly Tankan survey n as long as 96.00 (prev.
res) holds, consolidation with upside bias remains
for a re-test of y'day's high at 96.52 but break
of 96.58 res needed to yield gain to 96.85/90.
Buy on dips, stop below 96.00, break signals the
rebound fm y'day's low at 95.31 over n risks 95.79
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| Rate: |
+96.55+ |
| Strategy: |
+Target met+ |
| Position: |
+Long at 96.20+ |
| Objective: |
96.55 |
| Stop-Loss: |
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| Resistance: |
96.58 / 97.20 / 97.89 |
| Support: |
96.00 / 95.79 / 95.31 |
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| INTRA-DAY EUR/GBP OUTLOOK - +0.8540+ |
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| Update
Time: |
01 Jul 2009 00:55GMT |
INTRA-DAY EUR/GBP OUTLOOK - +0.8540+
Despite y'day's selloff to 0.8437 in Asia, subse
quent rally to 0.8536 suggests further choppy conso
lidation abv 0.8400 (last week's low) wud continue
n nr term upside bias remains for marginal rise abv
o/n high at 0.8536 but reckon 0.8550/52 wud hold.
Trade fm long side n only below 0.8502 wud risk
stronger retracement twd 0.8472/77 b4 rebound.
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| Rate: |
+0.8540+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 0.8510 |
| Objective: |
0.8540 |
| Stop-Loss: |
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| Resistance: |
0.8554/0.8576/0.8599 |
| Support: |
0.8502/0.8477/0.8437 |
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| EUROPEAN CLOSING GBP/USD OUTLOOK - 1.6436 |
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| Update
Time: |
30 Jun 2009 15:22GMT |
EUROPEAN CLOSING GBP/USD OUTLOOK - 1.6436
Present anticipated weakness suggests decline
fm 1.6745 to retrace recent upmove has resumed n
below 1.6422 wud bring further weakness to 1.6400,
however, near term o/sold condition shud limit
fall to 1.6375.
Wud be prudent to exit short n look to sell
again on recovery as 1.6540 wud cap upside...
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| Rate: |
1.6436 |
| Strategy: |
Exit short |
| Position: |
Short at 1.6470 |
| Objective: |
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| Stop-Loss: |
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| Resistance: |
1.6540/1.6650/1.6745 |
| Support: |
1.6422/1.6375/1.6271 |
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| INTRA-DAY USD/JPY OUTLOOK - +96.25+ |
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| Update
Time: |
30 Jun 2009 13:06GMT |
INTRA-DAY USD/JPY OUTLOOK - +96.25+
As 95.31 has contained intra-day selloff, dlr's
rebound fm there on cross selling in yen suggests
the retreat fm 96.33 has ended n consolidation with
upside bias wud be seen for gain to said lvl, abv
wud encourage for re-test of 96.58 res.
Turn long on dips with stop as indicated, break
wud prolong choppy trading n risk weakness to 95.31
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| Rate: |
+96.25+ |
| Strategy: |
+Target met+ |
| Position: |
+Long at 95.85+ |
| Objective: |
96.25 |
| Stop-Loss: |
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| Resistance: |
96.33 / 96.58 / 97.20 |
| Support: |
95.79 / 95.31 / 95.04 |
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| INTRA-DAY USD/CHF OUTLOOK - 1.0789 |
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| Update
Time: |
30 Jun 2009 10:27GMT |
INTRA-DAY USD/CHF OUTLOOK - 1.0789
Despite present anticipated retreat after
meeting renewed selling at 1.0828, a breach of
1.0777 is needed to confirm decline fm 1.1026 to
retrace early upmove has resumed n yield further
weakness to 1.0762 n then 1.0730/40.
Wud be prudent to exit short n look to sell
again on recovery as 1.0838 res shud cap upside...
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| Rate: |
1.0789 |
| Strategy: |
Exit short |
| Position: |
Short at 1.0820 |
| Objective: |
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| Stop-Loss: |
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| Resistance: |
1.0838/1.0864/1.0912 |
| Support: |
1.0762/1.0700/1.0633 |
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| INTRA-DAY EUR/GBP OUTLOOK - 0.8437 |
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| Update
Time: |
30 Jun 2009 07:11GMT |
INTRA-DAY EUR/GBP OUTLOOK - 0.8437
Although euro's anticipated weakness suggests
the erratic decline fm 0.8599 is still in progress
n marginal fall cannot be ruled out, broad outlook
is consolidative n near term o/sold condition shud
keep price well abv 0.8400 low n bring rebound.
Wud be prudent to exit short n stand aside. Abv
0.8472/77 indicates intra-day low is made, 0.8490.
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| Rate: |
0.8437 |
| Strategy: |
Exit short |
| Position: |
Short at 0.8458 |
| Objective: |
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| Stop-Loss: |
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| Resistance: |
0.8472/0.8516/0.8533 |
| Support: |
0.8421/0.8400/0.8378 |
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| DAILY EUR/GBP OUTLOOK - +0.8440+ |
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| Update
Time: |
30 Jun 2009 07:07GMT |
DAILY EUR/GBP OUTLOOK - +0.8440+
Euro's retreat fm 0.8599 suggests the correction
fm 0.8400 low has possibly ended last week n a firm
breach of 0.8472 wud lend credence to this view,
extend to 0.8435/40 but below said sup is needed to
confirm recent decline has finally resumed.
Trade fm short side with stop as indicated n
only abv 0.8576 wud risk re-test of 0.8599...
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| Rate: |
+0.8440+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 0.8500 |
| Objective: |
0.8440 |
| Stop-Loss: |
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| Resistance: |
0.8492/0.8554/0.8576 |
| Support: |
0.8421/0.8400/0.8323 |
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| INTRA-DAY USD/JPY OUTLOOK - +95.40+ |
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| Update
Time: |
30 Jun 2009 06:46GMT |
INTRA-DAY USD/JPY OUTLOOK - +95.40+
As dlr has penetrated sup at 95.66 in line with
the greenback's selloff across the board, suggest-
ing recovery fm 95.04 has ended at 96.33 n downside
bias remains for weakness to 95.35/40 but below 95.
04 needed to confirm decline has resumed, 94.88.
Hold short with stop now at break-even, abv wud
risk 96.00/10 b4 down...
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| Rate: |
+95.40+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 95.80 |
| Objective: |
95.40 |
| Stop-Loss: |
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| Resistance: |
96.00 / 96.33 / 96.58 |
| Support: |
95.04 / 94.88 / 94.44 |
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