Intraday trading signal - page 153
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AceTraderFx Apr 13: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time:13 Apr 2015 01:13 GMT
EUR/USD - 1.0612
Euro's breach of previous key support at 1.0613 to 1.0567 last Friday signals correction from March's 12-year trough at 1.0457 has ended earlier at 1.1062 and consolidation with downside bias remains for further weakness to 1.0500/10, then 1.0457 later this week.
On the upside, only a move back above 1.0713 (previous support) would indicate a temporary low is made and shift risk to upside for gain towards 1.0778/89.
AceTraderFx Apr 13: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 13 Apr 2015 08:03 GMT
USD/JPY - 120.65
As dollar has rebounded after Friday's cross-inspired retreat to 120.05, suggesting pullback from last Thursday's high of 120.74 has ended there and consolidation with upside bias remains, a break of said resistance anytime would confirm erratic upmove from 118.33 to correct decline from March's near 8-year peak at 122.03 has resumed and extend gain towards pivotal resistance at 122.03 later.
On the downside, only a breach of 119.64 support would indicate a top is made instead and shift risk to downside for weakness to 119.20/30 and possibly to 119.00.
AceTraderFx Apr 14: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 14 Apr 2015 01:12 GMT
Although euro's breach of previous key support at 1.0613 to 1.0567 last Friday and then 1.0521 in Europe yesterday signals correction from March's 12-year trough at 1.0457 has ended earlier at 1.1062.
Subsequent intra-day rebound to 1.0610 in New York suggests choppy consolidation would be seen before another decline to take place later this week.
Above 1.0610 would bring stronger gain to 1.0635 and then 1.0655/65 but 1.0684 resistance should cap upside.
On the downside, below 1.0521 would retain bearishness for a re-test of aforesaid low at 1.0457.
AceTraderFx Apr 14: Intra-Day News and Views (GBP/USD) & data to be released today
Intra-Day Market Moving News and Views
14 Apr 201502:32GMT
GBP/USD - 1.4682... Cable strengthened after a brief drop to 1.4661 in Australia n price penetrated NY res at 1.4682 in Asian morning before retreating to 1.4666 due partly to cross-selling in sterling vs yen.
As yesterday's intra-day rebound from a fresh near 5-year trough at 1.4566 on short-covering strongly suggests recent losing streak has made a temporary low there, buying the British pound on intra-day pullback is favoured today.
Having said that, investors should pay close attention to the release of a slew of U.K. economic data at 08:30GMT (CPI, PPI, RPI and DCLG House Price Index).
At present, bids are noted at 1.4660-50 and around 1.4630 with mixture of bids and stops emerging below 1.4610.
On the upside, offers are placed at 1.4700-10, 1.4725/30 and more at 1.4740-50 with stops located just above 1.4750.
Tuesdaywill see the release of New Zealand NZIER confidence, U.K. BRC retail sales, Australia's NAB business confidence, Germany's WPI, U.K. CPI, PPI and RPI, eurozone industrial production, U.S. retail sales, Redbook and business inventories.
AceTraderFx Apr 14 : Daily Technical Outlook & Trading USD/JPY
DAILY USD/JPY TECHNICAL OUTLOOK
Last Update At 13 Apr 2015 23:49GMT
Trend Daily Chart
Sideways
Daily Indicators
Neutral
21 HR EMA
120.24
55 HR EMA
120.27
Trend Hourly Chart
Sideways
Hourly Indicators
Falling
13 HR RSI
40
14 HR DMI
-ve
Daily Analysis
Consolidation with a neutral bias
Resistance
121.20 - Mar 20 high
120.84 - Y'day's high
120.43 - Y'day's NY res
Support
119.68 - Y'day's low (interbank)
119.64 - Last Wed's low
119.42 - Apr 01 low
. USD/JPY - 120.08 ... The greenback found renewed buying abv last Fri's low at 120.05 n ratcheted higher in Asia on Mon. The pair climbed briefly abv last Thur's peak at 120.74 to a near 3-week high of 120.84 b4 tumbling to 119.68 in NY morning after Japan PM's adviser Abe said appropriate rate for yen is 105.
. On the bigger picture, as mentioned previously, dlr's 3-legged fall fm Mar's near 6-year peak at 122.03 to 118.33 signals a temporary top has been made here as this high was accompanied by 'bearish divergences' on the daily indicators. Although y'day's strg retreat fm 120.84 to 119.71 suggests erratic upmove fm Mar's low at 118.33 (reaction low fm 122.03 peak) has formed a temporary top there n further choppy consolidation wud be seen, reckon pullback wud be ltd to 119.59/64 (being 50% r of 118.33-120.84 n chart sup respectively) n yield rebound later, however, abv 120.84 needed to bring re-test of pivotal res at 121.20 (Mar 20 high), a break there wud signal correction fm 122.03 peak has ended earlier at 118.33 in March n price wud make further headway to 121.57/62.
. Today, we're standing aside initially n may buy dlr on next intra-day fall but abv 120.84 needed to extend recent erratic rise twd 121.20 later.
AceTraderFx Apr 15: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 15 Apr 2015 01:23 GMT
EUR/USD - 1.0635
Despite euro's rally from 1.0532 to as high as 1.0708 on Tuesday, subsequent retreat suggests the rebound from Monday's near 1-month trough at 1.0521 has possibly ended there and consolidation with downside bias would be seen, a break of 1.0611 (previous resistance) would confirm this view and yield weakness to 1.0558/60, then re-re-test of 1.0521 later.
On the upside, only above 1.0708 would bring stronger retracement of recent erratic decline from March's peak at 1.1062 to 1.0738 and then 1.0778.
AceTraderFx Apr 15: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
15 Apr 2015 02:23GMT
USD/JPY- 119.58... Although dlr nose-dived to 119.07 in NY morning after U.S. retail sales missed estimate, buying interest above 119.00 lvl together with short-covering lifted price to 119.48 in NY afternoon. Dlr continued to edge higher in Tokyo morning n rose to 119.63 b4 easing.
Although dlr's intra-day rebound from 119.07 suggests consolidation with mild upside bias would be seen in Asia, sharp gain is not likely to be seen ahead of the press conference from BoJ's Governor Haruhiko Kuroda (06:15GMT). Having said that, investors should also pay attention to the release of Japan's capacity utilisation n industrial production data at 04:30GMT to get clues on the pace of Japan's economy recovery.
At the moment, offers are tipped at 119.80-90 n then 120.10-20 with mixture of offers n stops located just abv 120.40. On the downside, bids are placed at 119.40-30 n then 119.15/10 with stops emerging below 119.00.
Wednesday will see the release of Australia's consumer sentiment, China's GDP, industrial output, retail sales and GDP, Japan's capacity utilization index and revised industrial output, Germany's final CPI and HICP, eurozone rate decision and ECB's president Draghi press conference, Canada's manufacturing sales, U.S. NAHB housing market index, foreign buying, net long-term flows and overall net capital flow
AceTraderFx Apr 15: Daily Recommendations on Major- USD/JPY
DAILY MARKET OUTLOOK USD/JPY
Update Time: 15 Apr 2015 08:04 GMT
Although dollar's retreat from Monday's 3-week high of 120.84 to as low as 119.07 yesterday after release of weaker-than-expected U.S. retail sales suggests erratic rise from March's bottom at 118.33 has made a top there, subsequent rebound indicates choppy trading would be seen and gain towards 120.12 may be seen.
However, resistance at 120.43 should hold another yield another fall later.
On the downside, only below 119.07 would extend weakness to 118.72 and then 118.33.
AceTraderFx Apr 16: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
DAILY MARKET OUTLOOK
Update Time: 16 Apr 2015 01:09 GMT
Euro's intra-day breach of Tuesday's high of 1.0708 to 1.0746 shortly after Asian open signals erratic rise from Monday's 4-week trough at 1.0521 has resumed and further gain to 1.0778-1.0789 would be seen.
However, reckon 1.0803 (previous sup, now resistance) would cap upside due to near term loss of momentum and yield retreat later.
On the downside, only a move back below 1.0664 (Wed's NY afternoon sup) would indicate a top is possibly made and shift risk to downside for weakness towards 1.0615/25.
AceTraderFx Apr 16: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
16 Apr 2015 02:38GMT
USD/JPY - ...... Dlr fell below Tuesday's low at 119.07 to 118.79 in NY afternoon yesterday as intra-day rally in euro amid optimistic ECB outlook n weak U.S. data triggered broad-based selling in the greenback. Despite a recovery to 119.23 near NY close, price retreated in Tokyo morning to 118.80.
Today, fund flow should dominate the market in Asia n European morning as investors are awaiting another batch of U.S. economic data in NY morning, these include weekly jobless claims, housing starts, building permits n Philly Fed Business Index.
At the moment, offers are tipped at 119.20-30 n then 119.50-60 with mixture of offers n stops located just above 119.80. On the downside, bids are placed at 118.70-60 n then 118.50-40 with stops emerging below daily key support at 118.33 (Mar low).
Japan Chief gov't spokesman says 'it is true that Japan is in cooperation with G7 nations regarding AIIB; not true as reported by media that Germany is asking japan to join AIIB.'
Thursday will see the release of New Zealand manufacturing PMI, Australia's unemployment rate, U.S. building permits, housing starts and Philly Fed business index.