Intraday trading signal - page 180
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AceTraderFx Jul 27: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time:27 Jul 2015 08:10 GMT
USD/JPY - 123.38
Dollar's intra-day breach of last Wednesday's low at 123.57 signals fall last Tuesday's high of 124.48 to retrace up move from July's bottom at 120.42 has resumed and further weakness is likely.
However, reckon support at 122.92 would remain intact and mildly bullishness remains for a rebound later this today or tomorrow.
On the upside, above 123.84 would indicate a low is possibly made and bring gain to 124.19.
AceTraderFx Jul 27: Intra-day Market Moving News and Views (USD/JPY)
Intra-day Market Moving News and Views
27 Jul 2015 08:27GMT
USD/JPY - ...... Dlr extended its intra-day losses vs the Japanese yen in European morning as tumbling Asian bourses continued to weigh on the pair.
Price fell to 123.43 ahead of Asian midday and then further to 123.26 in European morning before recovering.
At present, offers are tipped at 123.50-60 and more around 123.70 with stops above 123.90.
On the downside, bids are tipped at 123.20-10 with stop below there, however, more buying interest is touted at 123.00.
AceTraderFx Jul 27: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 28 Jul 2015 01:23 GMT
EUR/USD - 1.1092
Yesterday's rally above 1.1019 (now sup) to as high as 1.1129 in NY morning signals erratic decline from May's peak at 1.1467 has made a temporary low last week at 1.0808 and as long as support at 1.1050 holds, consolidation with upside bias remains, above 1.1129 would yield stronger retracement towards 1.1160/70 but reckon daily resistance at 1.1216 would remain intact today.
On the downside, only a daily close below 1.1019 (previous resistance, now support) would indicate a top is made and shift risk downside for weakness towards 1.0969.
AceTraderFx Jul 28: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
28 Jul 2015 07:10GMT
EUR/USD - ..... In stark contrast to yesterday's biddish tone ahead of European open following Mon's rally to a near 2-week high of 1.1129, the single currency continues to ratchet lower at European open as the release of downbeat German sentix investors expectations gave short-term specs an excuse to sell the euro.
Some light stops below 1.1070 were tripped, price hits an intra-day low of 1.1052.
However, more bids are touted at 1.1055-50 and as long as this level (also NY low - 1.1050) holds, another move to 1.1220/30 is likely.
So buying euro on dips is still favoured after yesterday's rally and on the downside, some more stops are reported below 1.1020.
AceTraderFx Jul 28: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 28 Jul 2015 08:00 GMT
USD/JPY - 123.65
Dollar's intra-day strong rebound after holding above Monday's fresh 1-week low at 123.01 suggests correction from last Tuesday's high of 124.48 has possibly ended there consolidation with upside bias would be seen.
However, break of resistance at 124.19 is needed to confirm this view and bring resumption of upmove from July's bottom at 120.42 to re-test said high, then towards 125.00/07.
On the downside, below 123.01/08 would yield stronger retracement to 122.92 and then 122.45 but support at 122.05 should remain intact.
AceTraderFx Jul 29: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 29 Jul 2015 01:00 GMT
EUR/USD - 1.1075
Despite euro's retreat from Monday's high of 1.1129 to 1.1022 yesterday, subsequent rebound suggests as long as 1.1019 (previous resistance, now support) holds, consolidation with upside bias remains.
However, break of said temporary high at 1.1129 is needed to signal the rise from last Monday's fresh 12-week trough at 1.0808 to retrace decline from May's peak at 1.1467 has resumed and yield further gain to 1.1160/70, then possibly towards 1.1216.
Below 1.1019/22 would shift risk to downside for further weakness to 1.0968 (50% r of 1.0808-1.1129) but support at 1.0925 should remain intact.
AceTraderFx Jul 29: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
29 Jul 2015 07:38GMT
EUR/USD - ...... Although euro climbed higher after meeting renewed buying interest at 1.1058 in Australia, offers at 1.1080-90 capped intra-day gain at 1.1084 in Asia and the single currency later ratcheted lower to a low of 1.1030 in European morning due to speculation of a 'hawkish' Fed statement later today.
Earlier in European session, the research group Gfk showed that its index of Germany's consumer climate remained unchanged at 10.1 in August, from 10.1 in the preceding month. Later, a separate report from INSEE said that French consumer confidence fell to 93 in July, from 94 in the preceding month.
At present, offers are tipped at 1.1050-60 with mixture of offers and stops at 1.1070-80.
On the downside, mixture of bids and stops are reported at 1.1020-10, however, more buying interest is touted at 1.1000-1.0980 area.
AceTraderFx Jul 29: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 29 Jul 2015 08:08 GMT
USD/JPY - 123.67
Although dollar's stronger rebound from Monday's low at 123.01 to 123.80 Tuesday suggests correction from last week's 5-week top at 124.48 has ended there and choppy trading with upside bias would be seen, break of 124.19 resistance is needed to confirm this view and yield resumption of early upmove from 120.42 (July) to re-test said temporary high and then towards 125.00/07.
Below 123.01 would bring stronger retracement to 122.88/92 and then possibly towards 122.45 (50% r of 120.42-124.48) but good support at 122.05 should remain intact.
AceTraderFx Jul 30: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 30 Jul 2015 01:10 GMT
EUR/USD - 1.0967
Euro's close below 1.1022 on Wednesday after an intra-day sharp sell-off from 1.1080 to 1.0967 in post-FOMC New York session signals up-move from July's 12-week trough at 1.0808 has made a temporary top at 1.1129 on Monday and consolidation with downside bias is seen for a retracement to 1.0940/50, however, reckon support at 1.0925 would hold and yield rebound later.
On the upside, a move back above 1.1080 would confirm correction over and bring re-test of 1.1129, break would extend aforesaid rise towards 1.1150/60.
AceTraderFx Jul 30: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
30 Jul 2015 02:47GMT
GBP/USD- ..... The British pound also swung wildly on Wednesday as despite rallying from 1.5588 (Europe) to a fresh near 1-month high of 1.5691 in NY morning after release of downbeat U.S. pending home sales data, selling interest below 1.5700 level knocked price lower and cable later fell to 1.5612 on long-liquidation and then 1.5594 after release of FOMC statement.
The British pound met came under renewed selling pressure at Asian open on Thursday and fell from 1.5611 to 1.5590 before recovering.
As no U.K. economic data are due out today, the pound is expected to follow intra-day swings in eur/usd.
For now, initial offers are noted at 1.5620-30 with stops reported above 1.5650, whilst some bids are tipped at 1.5580-70 and more below with stops touted just below 1.5550.