INTRA-DAY GBP/USD SIGNAL by AceTrader
Posted 07-02-2009 at 11:07 PM by AceTrader
INTRA-DAY GBP/USD:
http://www.acetraderfx.com
Last Update At 03 Jul 2009 02:43 GMT
Rate : 1.6377
As cable has rebounded in tandem with euro after
trading abv y'day's NY low of 1.6323, suggesting
the decline fm this week's high at 1.6745 has possi
bly made a temp. low n nr term upside bias is seen
for a recovery but reckon res at 1.6430 wud hold.
For st trade, buy dips for 1.6400 n if sterling
rises to 1.6410 1st, sell for retreat to 1.6360.
Range Forecast
1.6350 / 1.6390
Resistance/Support
R: 1.6400/1.6430/1.6465
S: 1.6323/1.6274/1.6231
http://www.acetraderfx.com
Last Update At 03 Jul 2009 02:43 GMT
Rate : 1.6377
As cable has rebounded in tandem with euro after
trading abv y'day's NY low of 1.6323, suggesting
the decline fm this week's high at 1.6745 has possi
bly made a temp. low n nr term upside bias is seen
for a recovery but reckon res at 1.6430 wud hold.
For st trade, buy dips for 1.6400 n if sterling
rises to 1.6410 1st, sell for retreat to 1.6360.
Range Forecast
1.6350 / 1.6390
Resistance/Support
R: 1.6400/1.6430/1.6465
S: 1.6323/1.6274/1.6231
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Comments
Bio: Trendsetter commentaries on DLR/DMK first appeared on Reuters page AABB in 1984. Since then, Trendsetter has come a long way. As a global specialist data provider, their coverage now extends to more than 20 different instruments with a primary focus on the Foreign Exchange market, serving a wide range of users from professional investors, corporations, and top-tier banks in over 60 countries. Forex dealers in the world's leading banks now regularly use Trendsetter's trading recommendations.
Trading Methodology: "Dynamic Trading Approach" is the technical analysis methodology that was developed in-house by Wilson Leung and Trendsetters analysts throughout the years. It has been time-tested and is used by their clients, which include banks in over 60 countries, through the Reuters network. It enables them to identify emerging trends early on, often capturing highs or lows, and helps their users trade with the new trend before others notice it.
Dynamic Trading Approach is a synergic combination of:
Trading Methodology: "Dynamic Trading Approach" is the technical analysis methodology that was developed in-house by Wilson Leung and Trendsetters analysts throughout the years. It has been time-tested and is used by their clients, which include banks in over 60 countries, through the Reuters network. It enables them to identify emerging trends early on, often capturing highs or lows, and helps their users trade with the new trend before others notice it.
Dynamic Trading Approach is a synergic combination of:
- Trend analysis and pattern recognition
- Trend following indicators and oscillators (includes Exponential Moving Averages, Bollinger Bands, MACD, DMI, ADX, RSI & Stochastics)
- Retracements and projections
- Elliott Wave Theory
