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  1. #1
    Join Date
    Jan 2010
    Posts
    57

    Default Daily Trading Strategy Report : AUD/USD - In the money

    Daily Trading Strategy Report: AUD/USD

    Written by www.imperialFXonline.com

    Choppy consolidative moves unfolding

    Time: May 10 2010, 17:28GMT

    Rate: 0.8995
    Strategy: Hold short
    Position: Short at 0.9054
    Target: 0.8900
    Stop: 0.9054


    • Minor low formation at 0.8712
    • Resistance is building at 0.9135 ahead of 0.9200


    The Australian dollar has opened higher today on an improvement in risk appetite and the near term rise from last week's low at 0.8712 has the potential to extend gains towards 0.9135 (previous support), however, as the broader outlook is turning somewhat consolidative (price is likely to continue moving inside the trading band of 0.8578-0.9406), the upside may be limited and a modest retreat should follow later.

    We are keeping our short position in play with stop level lowered to break-even. On the upside, only above 0.9220/30 would suggest an end to the decline from 0.9382 (April 12).

    Written by www.imperialFXonline.com


    __________________________________________________ ____________________________________
    High Risk Warning: Foreign exchange trading on margin carries a high level of risk that may not be suitable for all investors as the degree of leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You could sustain a loss of some or all of your initial investment and hence you should not invest money that you cannot afford to lose. Be aware of the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Website owners and affiliates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.
    __________________________________________________ ____________________________________
    Last edited by imperialfxonline; 05-10-2010 at 09:32 AM.

  2. #2
    Join Date
    Jan 2010
    Posts
    57

    Default Daily Trading AUD/USD Strategy Report: Ojective Met with 154 Pip Profit

    Daily Trading Strategy Report: AUD/USD - Ojective Met with 154 Pip Profit

    Written by www.imperialFXonline.com

    Objective met: Minor top formation at 0.9078

    Time: May 12 2010, 04:56GMT

    Rate: 0.8900
    Strategy: Target Met
    Position: Short at 0.9054
    Target: 0.8900
    Stop:

    • Retreat from 0.9078 points a downward consolidative move
    • Below 0.8803 to signal an end of the recovery from 0.8712



    The Australian dollar has fallen alongside the other commodity currencies as well as the euro as the increase in risk aversion causes investors to flee to safe-haven vehicles and the retreat from 0.9078 is likely to pressure the aud/usd to 0.8900, however, only a breach of the minor support 0.8803 would remove risk of another bounce inside the near term range of 0.8712-0.9382 and extend losses towards 0.8712 later.

    The stop for our short position has been lowered again and only above the minor resistance at 0.9078 would result in a stronger upward retracement of the fall from 0.9382 towards 0.9135 (previous support).

    Written by www.imperialFXonline.com


    __________________________________________________ ___________________________________
    High Risk Warning: Foreign exchange trading on margin carries a high level of risk that may not be suitable for all investors as the degree of leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You could sustain a loss of some or all of your initial investment and hence you should not invest money that you cannot afford to lose. Be aware of the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Website owners and affiliates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.
    __________________________________________________ ____________________________________

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