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  • Our Recommended Trades
    goendeavor.com | Nov 11, 2011 05:57:57

    DAILY USD/JPY OUTLOOK - 75.95

    Despite dlr\\\\\\\'s anticipated resumption of LT down
    trend to a fresh record low at 75.72 (1 tick below
    y\\\\\\\'day\\\\\\\'s low of 75.73), current recovery suggests
    consolidation wud be seen n abv 76.31 wud bring a
    minor retrace. to 76.60 but 77.10 res wud hold.

    Wud be prudent to exit short n stand aside for
    now. Below 75.72 wud extend weakness to 75.33.

     

       Rate:             75.95
       Strategy:        Exit short
       Position:         Short at 76.40
       Objective:    
       Stop-Loss:    
       Resistance:    76.31 / 76.60 / 77.10
       Support:        75.72 / 75.33 / 75.00

     

    DAILY USD/CAD OUTLOOK - +1.0110+

    Although usd has extended recent fall fm 1.0658
    to 0.9990, current rebound suggests a temp. low has
    been made n abv 1.0044 confirms, 1.0095 n 1.0132.

    Turn cautious buyer with stop below said sup as
    break wud abort n risk one more decline to 0.9943.

       Rate:            +1.0110+
       Strategy:       +Target met+
       Position:        +Long at 1.0010+
       Objective:       1.0110
       Stop-Loss:     
       Resistance:     1.0132/1.0188/1.0264
       Support:         0.9990/0.9943/0.9885