ACE trader recommended : 2/8/2006

AceTrader: Recommended Trades

02 Aug 2006 14:44GMT DAILY USD/ZAR OUTLOOK

Usd's weakness signals corrective rise fm 6.8151 has made temp. top at 6.9965 n weakness to 6.8800 is envisaged, below extends twd 6.8388 b4 rebound. Trade fm short side with stop as indicated as break wud defer n risk re-test of said res... [more]

rate : +6.8600+ target : 6.8600 resistance : 6.9545/6.9965/7.0475 position : Short at 6.9800 strategy : +Target met+ support : 6.8388/6.8151/6.8700

AceTrader: Recommended Trades

02 Aug 2006 13:23GMT SPOT GOLD DAILY OUTLOOK

As long as 645.80 holds, bullishness remains for recent upmove to resume n extend rise to 654.50 but 658.50 wud hold due to nr term loss of momentum. Trade fm long side with stop as indicated as be- low wud risk pullback twd 641.30 b4 up... [more]

rate : +654.50+ target : 654.50 resistance : 654.50/658.50/665.90 position : Long at 644.50 strategy : +Target met+ support : 651.80/645.80/641.30

AceTrader: Recommended Trades

02 Aug 2006 13:23GMT SPOT SILVER DAILY OUTLOOK

Current breach of 11.84 singals recent upmove has resume n upside bias remains for another rise twd 12.00 b4 correction due to loss of momentum. Trade fm long side with stop as indicated as be- low wud risk weakness twd 11.47 b4 up... [more]

rate : +11.97+ target : 11.97 resistance : 12.00/12.15/12.34 position : Long at 11.77 strategy : +Target met+ support : 11.65/11.47/11.31

AceTrader: Recommended Trades

02 Aug 2006 13:17GMT WEEKLY OUTLOOK ON SPOT GOLD

Last week's rebound fm 602.60 signals fall fm 676.10 has made a low n retrace. to 654.50 is seen but abv is needed for eventual re-test of said top. Buy dips with stop below 624.00 (prev. res), break wud prolong choppy trading n risk 617.30/40.. [more]

rate : +653.00+ target : 653.00 resistance : 651.80/654.50/676.10 position : +Long at 630.00+ strategy : +Target met+ support : 645.80/630.90/622.90

AceTrader: Recommended Trades

02 Aug 2006 12:15GMT GBP/JPY DAILY CROSS OUTLOOK

Despite stg's retreat fm 215.30, reckon 214.20/ 30 wud limit downside n bring stronger retrace. of decline fm 216.54 twd 215.50 later. Hold long with stop as indicated n only below 213.60 wud signal corrective rise fm 213.02 is over [more]

rate : +215.30+ target : 215.30 resistance : 215.30/215.70/216.21 position : Long at 214.60 strategy : +Target met+ support : 214.40/213.60/213.02

AceTrader: Recommended Trades

02 Aug 2006 08:32GMT WEEKLY OUTLOOK SPOT SILVER

Silver's strg rebound confirms correction fm 11. 81 has indeed ended earlier at 10.46 n rise fm 9.48 shud resume for re-test of said res, then 12.00. Buy dips with stop as indicated, break wud pro- long choppy trading n risk weakness twds 10.79... [more]

rate : +11.80+ target : +11.80+ resistance : 11.81/12.00/12.34 position : +Long at 11.25+ strategy : +Target met+ support : 11.47/11.23/11.04

AceTrader: Recommended Trades

01 Aug 2006 23:58GMT INTRA-DAY AUD/USD OUTLOOK

Although aussie has eased after o/n rally to 0. 7663, as long as 0.7620 holds, mild upside bias is seen for y'day's rise fm 0.7597 to extend marginal gain, however, as broad outlook is consolidative, 0.7678 res wud remain intact n yield retreat later. Buy dips for 0.7670 or sell there for 0.7635. Below said sup wud bring another fall to 0.7597... [more]

rate : +0.7670+ target : 0.7670 resistance : 0.7678/0.7702/0.7730 position : +Long at 0.7640+ strategy : +Target met+ support : 0.7597/0.7565/0.7519

AceTrader: Recommended Trades

01 Aug 2006 06:35GMT DAILY USD/ZAR OUTLOOK

Y'day's strg rebound fm 6.8388 signals recent fall has formed a temp. low at 6.8151 n abv 6.9535 wud extend to 6.96/97 but 7.0200 shud hold fm here. Trade fm long side, stop as indicated, below wud defer n risk weakness twd 6.8388 b4 up... [more]

rate : +6.9600+ target : 6.9600 resistance : 6.9800/7.0000/7.0200 position : Long at 6.8800 strategy : +Target met+ support : 6.9100/ 6.8388/6.8151