Intraday trading signal - page 107
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
AcetraderFx Jul 16: Daily Outlook on Major EUR/USD
DAILY MARKET OUTLOOK EUR/USD - 1.3565
Update Time: 16 Jul 2014 01:21 GMT
Euro's breach of last Monday's low at 1.3576 to 1.3562 on Tuesday due to broad-based firmness in greenback confirms correction from June's bottom at 1.3503 has ended earlier at 1.3700 in July and as price is currently trading below both 21-hour and 55-hour EMAs, suggesting consolidation with downside bias remains for a re-test of said low later this week.
On the upside, only a break of 1.3650 would prolong choppy trading above aforesaid low at 1.3503 and may risk another bounce towards 1.3700.
AceTraderFx Jul 16: Intra-Day Maket Moving News & Views & data to be released today
Intra-Day Market Moving New and Views
16 Jul 2014 02:42GMT
GBP/USD- .. BoE Governor Mark Carney told lawmakers at a hearing in Britain's parliament on Tue said the central bank's forward guidance policy aimed to signal how interest rates might change over the medium term, not pinpoint the timing of a first hike.
He said "We don't know exactly when the rate cycle is going to start. It will be driven by the data. We do expect markets to react to that data." When asked about comments he made last month that a first rate hike might come sooner than markets were thinking, Carney said he wanted to make investors think about the chance of an early increase in borrowing costs as U.K.'s economy recovered.
"We were concerned that markets were not reacting to data, a fairly long run of data, that was as good as expected, if not slightly better." Carney added "The only guidance that the new MPC is now giving is around the expected medium-term path of interest rates, not the timing of the first rate rise.
16 Jul 2014 02:42GMT
Cable continued its volatile moves in Tuesday's choppy session. Although renewed cross-selling of sterling vs euro knocked price lower at European open, stops below previous day's 1.7070 low were tripped n cable hit a fresh 2-week low of 1.7059 ahead of key U.K. inflation data but when CPI surprised to the upside, sterling bears dived for covers n lifted cable to 1.7147, price continued to ratchet higher n touched a fresh near 6-year peak of 1.7192 immediately after Yellen's dovish remarks but only to fall to 1.7138 on long liquidation due to usd's broad-based strength.
Although euro's intra-day weakness in Asia has pressured cable, some bids are touted at 1.7130-20 are likely to contained downside. On the upside, initial offers are tipped at 1.7150/60 n more abv, suggesting range trading wud continue until release of key U.K. jobs data at 08:30GMT.
Data to be released on Wednesday:
New Zealand CPI, China GDP, retail sales, industrial output, Italy trade balance, UK ILO unemployment, claimant count, Swiss ZEW sentiment, U.S. PPI, core PPI, net L-T flows, capacity utilization, industrial output, NAHB housing market index, Fed beige book and Canada BoC rate decision.
AceTraderFx Jul 16: Daily Technical Outlook & Trading Ideals on EUR/USD
DAILY EUR/USD TECHNICAL OUTLOOK
Last Update At 15 Jul 2014 23:42GMT
Trend Daily Chart
Down
Daily Indicators
Neutral
21 HR EMA
1.3585
55 HR EMA
1.3599
Trend Hourly Chart
Near term down
Hourly Indicators
Oversold
13 HR RSI
33
14 HR DMI
-ve
Daily Analysis
Consolidation with downside bias
Resistance
1.3700 - Last Tue's high
1.3650 - Last Thur's high
1.3589 - Last Thur's low
Support
1.3537 - Jun 17 low
1.3503 - Jun 05 low
1.3477 - 2014 low (Feb 03)
. EUR/USD- 1.3570... Despite trading narrowly in Asian session Tue, euro briefly fell to 1.3587 after downbeat German ZEW sentiment index. Price staged a recovery to 1.3621 b4 dropping again to 1.3562 after upbeat U.S. data.
. Looking at the daily chart, y'day's breach of last week's 1.3576 trough (also reaction low fm 1.3700) confirms recent corrective up move fm Jun's near 4-month bottom at 1.3503 has indeed ended at 1.3700 n consolidation with downside bias remains for weakness twd 1.3503, then resumption of MT downtrend fm May's 2-1/2 year peak at 1.3995 to next daily chart obj. at 1.3477 (2014 low) n later 1.3454 (this is 50% proj. of 1.3995-1.3503 measured fm 1.3700), however, as the daily indicators wud display 'bullish convergences' on such move, reckon 1.3396/99 (61.8% projection of 1.3995-1.3503 n minor daily sup respectively) wud contain weakness this month. On the upside, only abv 1.3650 wud 'prolong' aforesaid broad sideways trading abv 1.3503 n risk another rise twd 1.3700.
. Today, as euro is currently trading well below the 21-hr & 55-hr EMAs, suggesting intra-day downside bias remains, however, as hourly oscillators' readings are in o/sold territory, reckon 1.3503 wud hold on 1st testing.
AceTraderFx Jul 17: Intra-Day Maket Moving News & Views & data to be released today
Intra-Day Market Moving New and Views USD/JPY
17 Jul 2014 02:31GMT
USD/JPY - ... The greenback traded with a soft bias below Wednesday's high of 101.79 in Asian morning and retreated to 101.52 due partly to cross-buying in yen vs other currencies.
Eur/Jpy dropped to a fresh 5-month low at 137.38 whilst aud/jpy and gbp/jpy retreated from 95.29 to 95.04 and fm 174.34 to 174.01 respectively.
Investors are reluctant to enter big position ahead of U.S. jobless claims and housing data due at 12:30GMT. Range trading is envisaged in Asia and Europe, therefore, buying dlr on dips is the way to go.
Market forecasts the U.S. jobless claims to be up by 6K to 310K from previous reading of 304K and U.S. housing starts and building permits in June to be increased to 1.018 mln and 1.040 mln respectively.
At the moment, bids are noted at 101.50/45 and then 101.30-20 with stops emerging below 101.00, whilst offers from various accounts are placed at 101.75/80 and around 101.90 with stops located just above 102.00.
Data to be released on Thursday:
Australia leading indicator, NAB business confidence, EU inflation, U.S. housing starts, building permits and jobless claims.
AceTraderFx Jul 17: Daily Technical Outlook & Trading Ideals on GBP/USD
DAILY GBP/USD TECHNICAL OUTLOOK
Last Update At 17 Jul 2014 00:10GMT
Trend Daily Chart
Up
Daily Indicators
Bearish divergences
21 HR EMA
1.7136
55 HR EMA
1.7130
Trend Hourly Chart
Up
Hourly Indicators
Neutral
13 HR RSI
52
14 HR DMI
+ve
Daily Analysis
One more rise b4 correction
Resistance
1.7287 - 100% proj. of 1.6952-1.7180 fm 1.7059
1.7230 - 100% proj. of 1.6460-1.6997 fm 1.6693
1.7192 - Tue's fresh near 6-year high
Support
1.7113 - Y'day's low
1.7085 - Last week's low (Jul 08)
1.7059 - Y'day's low
. GBP/USD - 1.7138 ... The British pound chopped around in a tight range as eur/usd took centre stage in Wed's session. Despite edging higher to intra-day top at 1.7151 in Europe, price briefly dipped to session low of 1.7113 after UK wage rise came in lower than forecast, cable later moved narrowly in NY trading.
. Looking at the hourly & daily charts, Tue's rally to a fresh near 6-year peak of 1.7192 confirms long-term uptrend has once again resumed n as long as 1.7059 sup holds, gain twd 1.7230 is envisaged (being 100% projection of 1.6460-1.6997 measured fm 1.6693). Having said that, as both hourly & daily technical indicators wud display prominent 'bearish divergences' on such move, reckon 1.7303, this is 50% proj. of intermediate rise fm 1.6693-1.7180 measured fm 1.7059 shud cap upside n risk has increased for a long-overdue strg correction to take place later this month, so die-hard sterling bulls shud book profit on upmove. A daily close below 1.7059 wud confirm temporary top is in place n risk wud shift to the downside for subsequent weakness twd 1.6942 (50% r of 1.6693-1.7180).
. Today, as long as said y'day's 1.7113 low holds, resumption of uptrend to 1.7200 is envisaged but 1.7225/30 shud remain intact. Below 1.7113, 1.7085.
AceTraderFX Jul 17: Intra-Day Maket Moving News & Views EUR/USD
Intra-Day Market Moving News and Views
17 Jul 2014 09:02GMT
EUR/USD - ... Euro zone Jun inflation 0.1% m/m n 0.5% y/y, in line with expectations. Euro zone Jun inflation ex-food n energy 0.1% n 0.8%, same as forecasts.
Earlier Euro edges higher in European trading as buying interest at 1.3521/20 lifted the single currency. Intra-day broad based buying of euro vs usd, gbp & yen suggests the single wud gain a bit of respite n sideways consolidation abv y'day's 6-week low is expected.
On the upside, offers are tipped at 1.3540-50 n more abv with some stops abv 1.3570/80. On the downside, bids are reported below 1.3520 with indicated option defense at 1.3500.
EBRD (The European Bank for Reconstruction and Development) said notes EC decision concerning bank's lending in Russia n will now be consulting all shareholders on the implications.
Despite re-test y'day's 1.3521 low at European open, euro has edged higher on intra-day broad-based short-covering in the euro esp vs usd & gbp.
AceTraderFx Jul 18: Intra-Day Maket Moving News & Views & data to be released today
Intra-Day Market Moving New and Views USD/JPY
18 Jul 2014 02:14GMT
USD/JPY- ... comments from Japan's FinMin Taro Aso said: " need to watch negative impact on economy such as oil prices due to situation over Ukraine including downing of Malaysian airliner.
Dlr weakened slightly below o/n NY low at 101.17 to 101.09 in Australia this today as investors weighed risks after President Barack Obama said the U.S. would assist in determining the cause of the crash of a Malaysia Airlines plane near the Russia-Ukraine border. However, short covering in yen crosses lifted price and dlr climbed back to 101.30.
At the moment, offers are noted at 101.40-50 n then 101.65/70 with stops emerging above Wed's high of 101.79. On the downside, bids are placed at 101.00 n around 101.85 with stops located just below 2014 bottom at 100.76 (Feb). Selling dlr on recovery is cautiously favoured as demand for yen on risk aversion after yesterday's Malaysian Airplanes plane crash should continue to pressure usd/jpy in Asia.
Earlier BoJ minutes stated, quote:
most members shared view that BoJ would continue with QE to achieve the price stability target of 2 percent, as long as necessary;
members shared view that impact of QE is firmly taking hold, supporting firms' and households' spending;
members agreed that geopolitical risks continue to warrant attention;
some members said decline in interest rates worldwide might reflect weaker outlook for mid- to long-term growth;
members agreed Asian economies likely to lack momentum because of weak demand, especially in Thailand;
members shared view that the economy continues to recover moderately as a virtuous cycle among production, income and spending continued to operate;
members agreed that Japan's exports had leveled off but were likely to increase moderately, mainly due to a recovery in overseas economies.'
Data to be released on Friday:
Japan BoJ minutes, China house prices, EU current account, Canada CPI, wholesale trade, U.S. leading indicators and U. of Michigan consumer sentiment.
AceTraderFx Jul 18: Daily Technical Outlook & Trading Ideals on USD/JPY
DAILY USD/JPY TECHNICAL OUTLOOK
Last Update At 18 Jul 2014 00:14GMT
Trend Daily Chart
Sideways
Daily Indicators
Falling
21 HR EMA
101.35
55 HR EMA
101.48
Trend Hourly Chart
Down
Hourly Indicators
Rising fm o/s
13 HR RSI
44
14 HR DMI
-ve
Daily Analysis
Possible resumption of recent fall
Resistance
102.27 - Jun 18 high
101.79 - Wed's high
101.44 - Wed's low
Support
101.07 - Last Thur's low
100.76 - 2014 low (Feb 04)
100.00 - Psychological
. USD/JPY - 101.21... Despite extending early upmove fm last Thur's 6-week low of 101.07 to 101.79 on Wed, dlr came under pressure at Asian open due to broad-based buying of yen. News of downing of a Malaysian aircraft in Ukriane knocked the greenback to 101.17 in NY afternoon, the to 101.09 in Australia.
. On the daily picture, as dlr has fallen again after staging a strg rebound fm last Thur's 6-week low of 101.07 to 101.79 on Wed, subsequent cross-inspired weakness suggests re-test of 101.07 wud be forthcoming soon, a break there wud pressure dlr twd 2014 trough at 100.76 (Feb low), a daily close below there wud signal a 'downside break' of the near 7-month long broad sideways trading has taken place, then further weakness to 100.00 n 99.60 (50% r of 93.75-105.45) wud follow later this month. Failure to penetrate 100.76 n subsequent rise abv 101.79 wud retain previous broad consolidative view, dlr will later ratchet higher twd 102.27 later next week.
. Today, as yen remains firm across the board due to safe-haven demand, selling dlr on intra-day recovery for 100.80 is cautiously favoured n only abv 101.79 aborts bearishness, risks subsequent headway twd 102.00/05.
AceTraderFx Jul 21: Intra-Day Maket Moving News & Views & data to be released today
Intra-Day Market Moving New and Views
21 Jul 2014 02:17GMT
USD/JPY- ... The greenback traded with a soft bias in Asia this morning n moved lower from Australian high of 101.37 to 101.27 in part due to cross-buying in yen vs other CCYs as risk aversion remained after the shooting down of a Malaysia Airlines jet in eastern Ukraine last Fri.
Today, expect range trading with mild downside bias until European open as market is thin in Asia due to national holiday in Japan. There are no major economic data release from U.S. and therefore, fund flow should be the main drive for this pair's direction.
At the moment, offers are noted at 101.35/40 and then 101.55/60 with stops emerging above last Wed's high of 101.79, whilst bids are noted at 101.15/10 and around 101.00 with mixture of bids and stops located at 101.80 and just below 2014 bottom at 100.76 (Feb).
Data to be released this week:
Japan market holiday, UK house prices, Germany PPI, Italy industrial sales and industrial orders on Monday.
China leading index, Japan leading index, Swiss trade balance, UK PSNB, PSNCR, CBI trends, U.S. CPI, core CPI, Redbook retail sales, home price and existing home sales on Tuesday.
Australia CPI, France business climate, UK BoE minutes, BBA mortgage approvals, Italy trade balance, Canada retail sales and EU consumer confidence on Wednesday.
NZ RBNZ rate decision, trade balance, imports, exports, Japan exports, imports, manufacturing PMI, China HSBC manufacturing PMI, France manufacturing PMI, services PMI, Germany manufacturing PMI, services PMI, EU manufacturing PMI, services PMI, Italy retail sales, UK retail sales, U.S. jobless claims, manufacturing PMI and new home saleson Thursday.
Japan National CPI, Tokyo CPI, Germany Gfk consumer confidence, Ifo current conditions, expectations, business climate, Italy unemployment, UK GDP and U.S. durable goods on Friday.
AceTraderFx Jul 21: Weekly Technical Outlook & Trading Ideals on USD/CHF
WEEKLY USD/CHF TECHNICAL OUTLOOK
Last Update At 20 Jul 2014 23:45GMT
Trend Daily Chart
Sideways
Daily Indicators
Rising
21 HR EMA
0.8981
55 HR EMA
0.8976
Trend Hourly Chart
Up
Hourly Indicators
Bearish divergences
13 HR RSI
49
14 HR DMI
+ve
Daily Analysis
Consolidation with upside bias
Resistance
0.9082 - Feb 03 high
0.9037 - Jun 05 3-1/2 month high
0.9004 - Last Fri's high
Support
0.8967 - Last Thur's low
0.8959 - Jul 10 high
0.8899 - Last Mon's low
. USD/CHF - 0.8980... Despite dlr's brief retreat to last week's low of 0.8899 on Mon, renewed buying quickly emerged n lifted the pair, price then climbed to 0.8989 on Wed n later to a 1-month high of 0.9004 b4 easing in NY afternoon.
. Let's look at bigger picture 1st, dlr's strg rise fm Jul's 0.8857 low n breach of 0.8859 res (now sup) to 0.9004 confirms the early correction fm Jun's 3-1/2 month peak at 0.9037 has ended there n consolidation with upside bias remains for re-test of said res, abv wud extend MT the 3-legged rise fm Mar's 2-1/2 year trough at 0.8698 to next chart obj. at 0.9082. Having said that, as daily technical indicators wud display prominent 'bearish divergences' on such move, risk has increased for a major correction to take place later this month or in early Aug. On the downside, only below 0.8924/38 (prev. res) wud signal top is made n may risk possible weakness twd 0.8899.
. Today, although Fri's retreat fm 0.9004 suggests initial sideways move is in store, as long as 0.8963/67 sup area holds, marginal gain is likely but as hourly oscillators' readings have displayed 'bearish divergences', reckon 0.9037 shwud cap upside. Below 0.8938 aborts bullishness on dlr, risks 0.8900/10.