*Last Updated December 8, 2005, 3:23 pm

Daily report by Acetrader

Website: http://ww.acetrader.com

Email: query@acetrader.com

PREVIOUS DAYS' RECOMMENDED TRADES

WEEKLY EUR/CHF CROSS OUTLOOK - +1.5370+

Update Time: 08 Dec 2005 15:29GMT

Euro's selloff after meeting selling interest below 1.5518 suggests the rise fm last month's low at 1.5361 has ended there n downside bias is seen for re-test of said sup, break wud extend weakness twd 1.5320/30 but daily chart lvl at 1.5294 wud re- main intact.

+Trade fm short side with stop as indicated+, only abv 1.5518 wud abort n bring stronger retrace. of the decline fm 1.5659 to 1.5540/45...

Rate: +1.5370+
Strategy: +Target met+
Position: +Short at 1.5455+
Objective: 1.5370
Stop-Loss:
Resistance: 1.5456/1.5518/1.5568
Support: 1.5361/1.5294/1.5219

=====================================
INTRA-DAY EUR/YEN CROSS OUTLOOK - +141.95+

Update Time: 08 Dec 2005 13:24GMT

Euro's strg rebound fm 141.31 suggests an intra- day low has been made there n consolidation with up side bias is seen for gain to 142.03 but abv needed to signal correction fm 142.81 has made a low there n yield gain to daily obj. at 142.15/20.

Trade fm long side with stop now as indicated n only below 141.31 wud risk strg retrace. to 141.10.

Rate: +141.95+
Strategy: +Target met+
Position: Long at 141.60
Objective: 141.95
Stop-Loss:
Resistance: 142.03/142.17/142.55
Support: 141.31/141.10/140.70

====================================
INTRA-DAY EUR/USD OUTLOOK - 1.1715

Update Time: 08 Dec 2005 02:14GMT

Despite intra-day weakness after finding renewed selling at 1.1736, near term loss of momentum is ex pected to prevent steep fall below 1.1700/03 n rec- kon 1.1660 sup wud remain intact in Asia, yield a corrective bounce.

In view of this risk, exit short n look to sell again on recovery as 1.1755 (prev. sup) shud hold..

Rate: 1.1715
Strategy: Exit short
Position: Short at 1.1735
Objective:
Stop-Loss:
Resistance: 1.1755/1.1779/1.1807
Support: 1.1703/1.1689/1.1660

=====================================
INTRA-DAY AUD/USD OUTLOOK - +0.7450+

Update Time: 08 Dec 2005 03:39GMT

As A$ has fallen again after meeting renewed sell ing earlier below indicated res at 0.7502, bearish- ness is retained for this week's fall fm 0.7544 to resume n extend weakness to 0.7450 obj., however, nr term loss of momentum wud keep price abv 0.7436.

Hold short for this move, lower stop as indicated n wud be prudent to take profit on such fall...

Rate: +0.7450+
Strategy: +Target met+
Position: Short at 0.7480
Objective: 0.7450
Stop-Loss:
Resistance: 0.7502/0.7544/0.7575
Support: 0.7436/0.7403/0.7372

=====================================
SPOT GOLD DAILY OUTLOOK - +517.00+

Update Time: 08 Dec 2005 01:12GMT

Despite gold's retreat fm 516.40, reckon 511.00 wud contain pullback n bring resumption of upmove to 517.00 but reckon 520.00 wud cap upside today.

Trade fm long side, stop below 510.50 (prev. res) , break signals a temp. top is made n risks 508.00.

Rate: +517.00+
Strategy: +Target met+
Position: Long at 514.00
Objective: 517.00
Stop-Loss:
Resistance: 516.40/520.00/525.00
Support: 510.50/509.30/504.50

>SIGN UP for 1-week TRIAL<



Fx-charts.com Disclaimer: The information contained on this website is subject to change without notice, views and opinions expressed on fx-charts.com may be those of individual authors and may not necessarily be the views of fx-charts.com or its officers and employees, we make no claim to the accuracy or timeliness of any information contained herein. We recommend obtaining advice from a suitably qualified financial advisor before entering into any financial transactions or agreements. The use of this website constitutes acceptance of our privacy policy, disclaimer and terms of use. This website is available for information and educational purposes only.