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SUMMARY The week provided a long period of consolidation that finally saw the Dollar break supports on Friday to extend losses. The outlook remains bearish in the short term and probably for a week or two at least. However, this is viewed more as a correction within the underlying uptrend and therefore the decline is expected to remain quite erratic and choppy. Care is therefore advised over this duration. Please see the attached PDF file for details of the entire 9 currency pairs. Good

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY USD/JPY : 90.50 Last Updat e At 12 Mar 2010 09:15 GMT Dlr's retreat after faltering below 90.75 (AUS) suggests further choppy consolidation below 90.83 high wud be seen n 90.33 (y'day's NY sup) needs to hold for prospect of another rebound but abv said res needed to confirm upmove has resumed, 91.10. Remain as cautious buyer with stop as indicated n only below 90.20 sup wud risk fall to 89.94... Range Forecast 90.48 / 90.75 Resistance/Support

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INTRA-DAY GBP/USD: 1.5093 Last Update At 12 Mar 2010 08:19 GMT Cable's strg rebound after finding renewed buying at 1.5027 suggests upmove fm 1.4873 may extend marginal gain to 1.5112, however, loss of nr term upward momentum shud cap price at 1.5135 n yield retreat later. Below 1.5050/55 wud bring weakness to 1.5027. Suggest to stand aside in the meantime... Range Forecast 1.5070 / 1.5112 Resistance/Support R: 1.5112/1.5169/1.5211 S: 1.5027/1.4993/1.4947

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD EUR/USD: 1.3708 Late Update At 12 Mar 2010 08:18 GMT Euro's intra-day rally suggests rise fm 1.3530 may extend gain twds 1.3736 res, however, loss of upward momentum shud prevent strg gain abv there n bring a much-needed minor correction later to 1.36 80/85 but 1.3650/58 wud contain downside. Buy at 1.3680 for gain to 1.3725 n if euro rises to 1.3725 1st, turn short for fall to 1.3685. Range Forecast 1.3685 / 1.3719 Resistance/Support R:

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Quote of the day : Failure is the condiment that gives success its flavor — Truman Capote EURUSD Trading strategy : small long at 1.3675, stop at 1.3615 (0.5% risk), objective at 1.3785 A break above 1.3680/90 – the trend line resistance extended from 1.3840 – shows up. Some resistance layers are seen above current trading zone – around 1.3730, then higher at 1.3790/00 and perhaps a stronger barrier around 1.3850. For the time being, short-term sentiment turned bullish and if the euro

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Spot Gold SPOT GOLD  closed @ 11100 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Zone 5 (U Turn Zone) and the Low was PRECISELY at Precise Trader's Sup Tgt 2.   The Hourly Oscillators are Turning Bullish and the price is Below the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Corrective Down while 11230 holds and Daily Trend is Sideways Down while 11380 holds, so expect the price to be Choppy and

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EURJPY EURJPY closed @ 12380 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Tgt 1.   The Hourly Oscillators are MIXED and the price is Above the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 12315 holds and Daily Trend is Sideways Up while 12030 holds, so expect the price to be Choppy and Upside may be limited.  The Daily

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USDCHF USDCHF closed @ 10685 which was BELOW the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are MIXED and the price is Below the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 10750 holds and Daily Trend is also Sideways while 10545 holds, so expect the price  to be Choppy with a Downside bias.   The Daily

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EURUSD EURUSD closed @ 13680 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Zone 1.   The Hourly Oscillators are MIXED and the price is Above the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 13600 holds and Daily Trend is also Sideways while 13930 holds, so expect the price  to be Choppy until the breakout happens.  The

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INTRA-DAY GBP/USD: 1.5074 Last Update At 12 Mar 2010 04:26 GMT Despite cable's retreat fm 1.5089 (AUD), pre- sent rebound fm 1.5039 suggests pullback has possib ly ended there n upside risk is seen for re-test of said res n a break wud extend nr term rise fm this wk's 1.4873 low to 1.5112 later. Wud be prudent to exit short n stand aside. Be low said sup yields stronger retrace. to 1.5005/10. Range Forecast 1.5040 / 1.5089 Resistance/Support R: 1.5089/1.5112/1.5169 S: 1.5029/1.4993/1.4947

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Bias:        While the 1.3667 area supports I see room for gains to 1.3711… While this caps the next move should be lower… Please read the attached PDF file which provides more detailed analysis

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD EUR/USD: 1.3680 Late Update At 12 Mar 2010 02:41 GMT Euro has eased after edging higher to 1.3690 in Australia n minor consolidation is envisaged, how- ever, outlook remains supportive for recent erratic upmove fm 1.3530 to head to 1.3705 but break there needed to yield further gain twd key res at 1.3736. Buy on dips for this move n only below near term good sup at 1.3621/26 aborts daily bullishness. Range Forecast 1.3660 / 1.3690

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EURJPY period : intraday Direction : long entry  123.80 stop loss 122.80 target  124.60 more detail, ask me *************

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD EUR/USD: 1.3656 Late Update At 11 Mar 2010 09:45 GMT Current cable-led firmness suggests the pull- back fm y'day's high of 1.3680 has possibly ended earlier at 1.3621 n upside bias is seen for a resum tion of nr term rise fm 1.3537 for re-test of said lvl, abv wud encourage for gain to 1.3705 res. Buy again on dips with stop as indicated, break wud risk stronger pullback to 1.3596.... Range Forecast 1.3640 / 1.3680 Resistance/Support R:

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INTRA-DAY GBP/USD: 1.5003 Last Update At 11 Mar 2010 09:54 GMT Current rebound after the release of U.K. inflation survey suggests the rise fm y'day's low of 1.4873 to retrace fall fm this week's high of 1.5197 has resumed n further gain to 1.5030/35 is likely, however, 1.5087 wud cap upside. For st trade, buy at market with stop as indica ted n only below 1.4947 aborts nr term bullishness. Range Forecast 1.4990 / 1.5017 Resistance/Support R: 1.5017/1.5031/1.5087 S: 1.4947/1.4928/1.4900

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD EUR/USD: 1.3642 Late Update At 11 Mar 2010 06:33 GMT Euro has traded narrowly in Asia after y'day's rally fm 1.3544 to 1.3680 (NY), as long as 1.3617 (prev. res) holds, intra-day upside bias remains but abv said res is needed to retain bullishness for further subsequent headway twd 1.3705. Trade fm long side n only below 1.3590/95 wud risk stronger retracement to 1.3560/65. Range Forecast 1.3630 / 1.3655 Resistance/Support R:

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EURUSD Trading strategy : waiting for potential break above 1.3700 to consider a long position The euro is approaching the trend line resistance extended from 1.3840, now around 1.3690. Yesterday’s gains were limited ahead of the said resistance level but the euro is conserving recent gains above 1.3600 so a new test is likely. To the downside, support is seen around 1.3550- formed by the median retracement of the last week’s upward move, backed by 1.3490. Intra-day sentiment is slightly

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INTRA-DAY GBP/USD: 1.4955 Last Update At 11 Mar 2010 06:52 GMT Despite intra-day rebound fm 1.4949 to 1.4988 in Asian trading, failure to re-test y'day's 1.4993 high (NY) suggests further sideways move wud conti- nue but as long as 1.4928 (reaction low) holds, cor rective rise fm 1.4873 wud head twd 1.5017 later. For st trade, buy cable on dips with stop below said sup, break may risk weakness to 1.4900/05. Range Forecast 1.4955 / 1.4985 Resistance/Support R: 1.4993/1.5017/1.5031 S:

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY USD/JPY : 90.38 Last Updat e At 11 Mar 2010 06:30 GMT Although dlr has edged higher after intra-day weakness to 90.20 due to unwinding of yen carry trades, abv 90.50/55 is needed to signal pullback fm y'day's NY high of 90.83 has ended n bring resum ption of recent upmove to re-test 90.83, 91.00/10. Stand aside n hold long for day trade as only below 90.15 wud risk weakness to 89.85/90 later. Range Forecast 90.25 / 90.45 Resistance/Support R:

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Spot Gold SPOT GOLD  closed @ 11095 which was BELOW the open and was within prior day's trading range. The High was 0.5 Dollars from Precise Trader's Res Tgt 1 and the Low was 2 Dollars from Precise Trader's Sup Tgt 2.   The Hourly Oscillators are Bearish and the price is Below the MA, so the Bulls have to be sidelined. Hourly Trend is Corrective Down while 11280 holds and Daily Trend is Sideways Down while 11380 holds, so expect the price to be Choppy and Downside may be

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EURJPY EURJPY closed @ 12365 which was ABOVE the open and breached the previous day's high. The High was 10 pips from Precise Trader's Res Tgt 2 and the Low was PRECISELY at Precise Trader's Sup Tgt 1.   The Hourly Oscillators are MIXED and the price is Above the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 12400 holds and Daily Trend is Turning Up while 11970 holds, so expect the price  to be Choppy until the breakout happens.  The Daily

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USDCHF USDCHF closed @ 10700 which was BELOW the open and breached the previous day's low. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Hrly Level.   The Hourly Oscillators are Bearish and the price is Below the MA, so the Bulls have to be sidelined. Hourly Trend is Sideways while 10780 holds and Daily Trend is also Sideways while 10545 holds, so expect the price  to be Choppy with a Downside bias.   The Daily

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EURUSD EURUSD closed @ 13660 which was ABOVE the open and breached the previous day's high. The High was 5 pips from Precise Trader's Hrly Level and the Low was PRECISELY at Precise Trader's Sup Tgt 1.   The Hourly Oscillators are Bullish but Weak and the price is Above the MA, so CAUTIOUS  approach is needed for the Bulls. Hourly Trend is Sideways while 13715 holds and Daily Trend is also Sideways while 13865 holds, so expect the price  to be Choppy until the breakout

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD EUR/USD: 1.3639 Late Update At 11 Mar 2010 02:43 GMT Although the lack of follow-through buying in Asian morning following euro's rally fm 1.3544 to 1.3680 (NY) y'day suggests further sideways trading wud continue, as long as 1.3617 (prev. res) holds, upside bias remains, abv 1.3680 wud yield 1.3705. Trade fm long side with stop as indicated n only below 1.3590/95 wud abort intra-day bullishness. Range Forecast 1.3630 / 1.3655

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INTRA-DAY GBP/USD: 1.4951 Last Update At 11 Mar 2010 03:17 GMT Although y'day's bounce fm 1.4873 to 1.5093 (NY) confirms decline fm Monday's 1.5197 high has made a temp. low there, intra-day weakness suggests furth- er sideways trading is likely b4 prospect of ano- ther corrective rise twd 1.5017 later. Exit long n buy again on marginal decline with stop as indicated but 1.4873 shud hold today. Range Forecast 1.4940 / 1.4970 Resistance/Support R: 1.4993/1.5017/1.5031 S: 1.4928/1.4900/1.4873

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Bias:        Mixed It's not the clearest of pictures but while 90.10 supports we should see 90.93 at least and maybe 92.14… Please read the attached PDF file which provides more detailed analysis

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INTRA-DAY GBP/USD: 1.4960 Last Update At 11 Mar 2010 02:08 GMT Despite early retreat fm 1.4993 to 1.4928 in NY session, subsequent rebound suggests cable's cor- rective rise fm y'day's 1.4873 low wud resume after initial consolidation in Asia n yield further head- way to 1.5000 but reckon 1.5017 wud cap upside. For st trade, buy cable again on dips for this move n only below 1.4928 may risk re-test of 1.4873 Range Forecast 1.4950 / 1.4985 Resistance/Support R: 1.4993/1.5017/1.5031 S:

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY USD/JPY : 90.54 Last Updat e At 11 Mar 2010 00:11 GMT Despite dlr's retreat after y'day's resumption of recent upmove fm 88.14 (last Thur's low) to 90. 83 (NY), as 90.42 has contained pullback, consolida tion is seen in Asia b4 prospect of further gain to our daily upside target at 91.00 later today. Hold long for 90.85 1st with stop as indicated n only below 90.15 wud signal intra-day top is made. Range Forecast 90.45 / 90.75

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD EUR/USD: 1.3652 Late Update At 10 Mar 2010 23:18 GMT Although euro has risen strongly after penetrat- ing 1.3617 (now sup) n rallied to 1.3680, subse- quent retreat to 1.3622 in NY session suggests side ways trading is in store, however, as long as 1.36 17 holds, mild upside bias remains. Buy on dips for 1.3665 n if euro extends recent erratic rise to 1.3690 1st, sell for 1.3650. Range Forecast 1.3630 / 1.3670 Resistance/Support R:

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USDCHF short at 1.0710 target 1.0620 at least stop loss 1.0835 ********************

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INTRA-DAY GBP/USD: 1.4902 Last Update At 10 Mar 2010 09:36 GMT Despite cable's brief bounce to 1.4958/59, sub sequent retreat after the release of weaker-than- expected U.K. industrial n production data suggests recovery fm 1.4885 is over n decline fm 1.5017 may extend marginally to 1.4855/56 b4 rebound. Wud be prudent to exit short n stand aside for now. Abv 1.4958/59 wud bring gain to 1.4982/90... Range Forecast 1.4885 / 1.4920 Resistance/Support R: 1.4982/1.5017/1.5031 S:

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD EUR/USD: 1.3589 Late Update At 10 Mar 2010 09:22 GMT Despite early brief drop to 1.3544, current strg rebound suggests further choppy trading abv nr term good sup area at 1.3530/37 wud continue n gain to 1.3600 cannot be ruled out, however, res at 1.3617 shud remain intact. Wud be prudent to exit short n stand aside. Abv 1.3617 wud bring further gain to 1.3642... Range Forecast 1.3570 / 1.3600 Resistance/Support R: 1.3617/1.3642/1.3673 S:

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INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY USD/JPY : 90.20 Last Updat e At 10 Mar 2010 09:09 GMT Dlr's rebound after brief pullback to around 89.94 suggests the rise fm y'day's low of 89.63 has resumed n further gain to 90.33 is likely, however, breach of 90.50 needed to confirm pullback fm 90.69 is over n yield another upmove to said res. Buy on dips with stop as indicated n only below 89.63 wud risk stronger retreat to 89.49.... Range Forecast 90.00 / 90.30 Resistance/Support R:

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Quote of the day : Insanity is doing the same thing over and over again and expecting a different result. — Albert Einstein EURUSD Trading strategy : waiting for a break above 1.3700 to consider a long position Support on the 61.8% of 1.3435-1.3735 at 1.3550 remains intact after the 2nd test but the euro’s recovery is limited, facing intra-day resistance around 1.3610. In case of a rally, 1.3690/00 is the key barrier to watch, as a short-term range breakout confirmation would be provided

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Spot Gold SPOT GOLD  closed @ 11220 which was BELOW the open and was within prior day's trading range. The High was 2 Dollars from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 2.   The Hourly Oscillators are Bullish but Weak and the price is Below the MA, so CAUTIOUS  approach is needed for the Bulls. Hourly Trend is Sideways while 11325 holds and Daily Trend is Turning Down while 11450 holds, so expect the price to be Choppy and Upside

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EURJPY EURJPY closed @ 12235 which was BELOW the open and breached the previous day's low. The High was 5 pips from Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 2.   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Corrective Down while 12285 holds and Daily Trend is Turning Up while 11970 holds, so expect the price  to be Choppy until the breakout happens.  The Daily

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USDCHF USDCHF closed @ 10750 which was ABOVE the open and was within prior day's trading range. The High was 20 pips from Precise Trader's Res Tgt 2 and the Low was 20 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 10675 holds and Daily Trend is also Sideways while 10545 holds, so expect the price  to be Choppy until the breakout happens.  The

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EURUSD EURUSD closed @ 13600 which was BELOW the open and breached the previous day's low. The High was 15 pips from Precise Trader's Res Tgt 1 and the Low was 10 pips from Precise Trader's Sup Tgt 2.   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 13670 holds and Daily Trend is also Sideways while 13865 holds, so expect the price  to be Choppy until the breakout happens.  The Daily

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Bias:        Mixed - tend to look for the correction above 133.93 to extend… Please read the attached PDF file which provides more detailed analysis