Intraday trading signal - page 150
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AceTraderFx Mar 24: Intra-Day Market Moving News and Views (EUR/USD)
Intra-Day Market Moving News and Views
24 Mar 2015 08:01GMT
EUR/USD - ..... Despite a brief retreat from 1.0953 to 1.0943, renewed buying emerged above Asian sup at 1.0904 n lifted price from 1.0907 to 1.0964 in European morning.
At the moment, stops locating just above yesterday's high of 1.0972 are now in focus, however, more selling interest from various accounts are placed at 1.0990-00, 1.0915/20 and then 1.0930-40.
On the downside, bids are various accounts are building up from 1.0930 down to 1.0900 with mixture of bids and stops emerging below 1.0880.
Earlier Reuters reported Greece will present its proposed package of reforms to its euro zone partners by next Mon in hopes they will release much needed cash, its gov’t spokesman said on Tuesday "It will be done at the latest by Mon," gov’t spokesman told Mega TV.
Greek PM Alexis Tsipras met with German Chancellor Angela Merkel in Berlin on Monday but it was unclear if they had narrowed differences on economic reforms Athens must implement to win urgently to get fresh aid fm its creditors.
Sakellaridis said the package of reforms Athens will propose will not contain recessionary measures but structural changes. He said Tsipras and Merkel on Mon discussed the outline of the reforms but did not go into depth. "I believe points of convergence were found," Sakellaridis said.
AceTraderFx Mar 24: Daily Technical Outlook & Trading Ideals USD/JPY
DAILY USD/JPY TECHNICAL OUTLOOK
Last Update At 24 Mar 2015 00:14GMT
Trend Daily Chart
Sideways
Daily Indicators
Turning down
21 HR EMA
119.83
55 HR EMA
120.13
Trend Hourly Chart
Near term down
Hourly Indicators
Turning up
13 HR RSI
42
14 HR DMI
-ve
Daily Analysis
Consolidation with downside bias
Resistance
121.20 - Last Fri's high
120.61 - Last Fri's Asian low (now res)
120.17 - Y'day's high
Support
119.59 - Y'day's low
119.29 - Last Wed's low
118.80 - 50% r of 115.57-122.03
. USD/JPY- 119.77 ... The pair extended last Fri's sell off to 119.83 in Aust. on Mon due to initial broad-based renewed weakness in the usd. Price then weakened further to 119.76 in Asia b4 staging a rebound to 120.17 in Europe but only to fall session lows of 119.59 in NY morning n then 119.58 in Aust. today.
. Looking at the daily picture, despite dlr's marginal breach of 2014 peak at 121.85 (Dec) to a near 8-year high of 122.03, lack of follow-through buying n subsequent brief but sharp fall to 119.29 signals a temporary top is in place. As dlr has fallen again after staging a rebound to 121.20 on Fri, choppy consolidation with downside bias remains this week, a daily close below 119.29 wud bring a stronger correction to 118.80 (being 50% r of intermediate rise fm 115.57 (Dec low) to 122.03 n possibly twd 118.46 (equality proj. of 122.03-119.29 measured fm 121.20), however, reckon daily chart sup at 118.20 shud contain weakness n yield a much-needed strg rebound later.
. Today, as current price is trading below 21-hr n 55-hr emas, selling dlr on intra-day recovery is favoured for re-test of 119.29. Only abv 120.58/61
(being 61.8% r of 121.20-119.59 n previous sup resp.) signals low, risks 121.20.
AceTraderFx Mar 25: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK EUR/USD
Update Time: 25 Mar 2015 01:11 GMT
Although euro's rally from last Thursday's low at 1.0613 to as high as 1.1029 yesterday signals correction from last Wednesday fresh 2-week peak at 1.1062 has ended there earlier, subsequent intra-day sell off to 1.0891 in New York suggests further choppy trading would be seen and near term downside bias is seen for weakness towards 1.0820/30.
However, reckon sup at 1.0767 would hold and bring rebound later.
Looking ahead, above 1.1062 is needed to extend erratic upmove from last Monday's fresh 12-year trough at 1.0457 towards 1.1140/50.
AceTraderFx Mar 25: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 25 Mar 2015 08:02 GMT
Despite dollar's brief breach of last Wednesday's low at 119.29 to a fresh near 1-month trough at 119.22 yesterday, subsequent rebound to 119.98 suggests a temporary low and as long as said support holds, choppy trading with mild upside bias remains for a retracement towards 120.17.
However, reckon 120.61 (previous support, now resistance) would hold and yield another decline later.
On the downside, below 119.22 would signal decline from March's near 8-year peak at 122.03 to retrace recent uptrend has resumed and extend weakness to 118.80, then 118.20.
AceTraderFx Mar 25: Daily Technical Outlook & Trading Ideals USD/CHF
DAILY USD/CHF TECHNICAL OUTLOOK
Last Update At 25/03/2015 01:03 GMT
Trend Daily Chart
Down
Daily Indicators
Turning down
21 HR EMA
0.9602
55 HR EMA
0.9671
Trend Hourly Chart
Down
Hourly Indicators
Turning up
13 HR RSI
42
14 HR DMI
-ve
Daily Analysis
Consolidation b4 decline resumes
Resistance
0.9695 - Y'day's high
0.9630 - Last Wed's low (now res)
0.9604 - Y'day's NY high
Support
0.9536 - Y'day's low
0.9485 - Equality of 1.0129-0.9630 fm 0.9984
0.9450 - 26 Feb low
. USD/CHF - 0.9590... Although dlr rebounded fm Mon's low at 0.9641 (NY) to 0.9695 in Asia y'day, active selling in eur/chf cross n weakness in the green back pressured price to fresh a 3-1/2 week low at 0.9536 at NY open. Later, dlr recovered to 0.9604 n then moved in a choppy fashion for rest of NY session.
. Looking at the daily chart, y'day's selloff n daily close below last Wed's post-FOMC low at 0.9630 confirms dlr's cross-inspired rally fm Jan's 40-month trough at 0.7360 has indeed made a top at 1.0129 (Mar 12) n consolidation
with downside bias is seen for a retracement to 0.9485, being 100% projection of 1.0129-0.9630 measured fm 0.9984. Below wud extend further weakness to 0.9448/50 (being 26 Feb low n 38.2% r of the rise fm 0.8352 to 1.0129 respectively) shud remain intact this week n yield correction later. On the upside, only a move back abv y'day's high at 0.9695 wud indicate a temporary low has been made n turn outlook bullish for further gain twds 0.9729 (prev. sup, now res).
. Today, as broad-based rebound in the greenback in NY session has lifted price fm 0.9536 to 0.9604, suggesting initial consolidation wud be seen but res at 0.9695 shud hold n yield another fall later.
AceTraderFx Mar 26: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 26 Mar 2015 01:13 GMT
Although euro's rally from last Thursday's low at 1.0613 to as high as 1.1029 Tuesday signals correction from last Wednesday fresh 2-week peak at 1.1062 has ended there earlier and despite subsequent sell off to 1.0891.
Yesterday's rebound to 1.1014 suggests consolidation with upside bias remains but only above 1.1062 would extend erratic upmove from last Monday's fresh 12-year trough at 1.0457 towards 1.1140/50.
Below 1.0890 would indicate a temporary top is made and shift risk to downside for weakness to 1.0834 but support at 1.0767 should remain intact.
AceTraderFx Mar 26: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
26 Mar 2015 02:14GMT
USD/JPY - ....... Although renewed buying interest above Tuesday's near 1-month trough at 119.22 lifted price from 119.23 to 119.66 in NY morning yesterday, renewed selling emerged n knocked price down to 119.40 near NY closing.
Dlr later fell to 119.29 in Tokyo morning today due to broad-based buying of yen on risk aversion as Nikkei index followed yesterday's decline in U.S. stocks and fell more 1% this morning (N225 is currently down by 1.72% at 19405)
Today, as market woes of a slow down in U.S. growth after yesterday's release of downbeat U.S. durable goods orders have pressured the greenback, therefore, selling dlr on intra-day recovery is recommended. However, investors should pay attention to the release of weekly U.S. jobless claims at 12:30GMT.
Market expects to number to decrease by 1K to 290K last week.
At the moment, offers are noted at 119.50-60 n then 119.75/80 with mixture of offers and stops emerging just above 120.00.
On the downside, bids are placed around 119.30, then 119.00-118.90 with stops located further out below 118.60.
Thursdaywill see the release of Germany's GfK consumer sentiment, U.K. retail sales, CBI distributive trades and U.S. jobless claims.
AceTraderFx Mar 26: Intra-Day News and Views (USD/JPY)
Intra-Day Market Moving News and Views
26 Mar 2015 08:42GMT
USD/JPY- ....... Dlr remained under pressure in Asia n ratcheted lower from Aust.'s high of 119.57, price easily penetrated Tuesday's fresh near 1-month low at 119.22 due to broad-based buying in yen on risk aversion n dlr tumbled to as low as 118.33 in European morning before staging a recovery, helped by 'hawkish' comments from Fed's Bullard (see our previous MMN).
At the moment, offers are noted at 118.70-80 n around 119.00 with mixture of offers and stops emerging above 119.20.
On the downside, bids from profit-taking are touted at 118.30-20 and then 118.10/05 with rumours of buying interest from model funds placed at 118.00-117.80 region.
AceTraderFx Mar 27: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 27 Mar 2015 01:05 GMT
Despite euro's rally to 1.1052 in Europe yesterday, price retreat after being capped below last Wednesday's post-FOMC high at 1.1062 and then tumbled to 1.0856 in New York.
This suggests further choppy trading inside recent broad range of 1.1062-1.0613 would continue and consolidation with downside bias is seen for weakness towards 1.0830/40 before prospect of a rebound.
On the upside, only above 1.0940/50 would indicate a low is possibly made and bring gain towards 1.1000.
AceTraderFx Mar 30: Intra-Day News and Views (GBP/USD) & data to be released today
Intra-Day Market Moving News and Views
30 Mar 2015 00:07GMT
GBP/USD - .... Cable briefly rebounded to intra-day high of 1.4901 ahead of Asian open on Monday on news of ruling Conservative party has a 4- point lead ahead of the Labour party.
Reuters reported earlier British PM David Cameron's Conservatives have taken a 4 point lead over the opposition Labour Party on the eve of the start of official campaigning for a May 7 national election, a poll showed late on Sunday.
The poll, by ComRes for ITV News and the Daily Mail newspaper, gave the Conservatives their largest lead in the polling series since September 2010.
It put them on 36%, up 1 point from last week, Labour on 32%, down 3 points, the Liberal Democrats on 9%, UKIP on 12%, n the Greens on 5%.
Underlining how volatile the election is, an earlier poll on Sunday showed Labour Party has taken a 4 point lead over Cameron's Conservatives after the first TV encounter of the campaign.
This weekwill see the release of New Zealand Westpac consumer survey, German Buba monthly report, U.S. existing home sales and eurozone consumer confidence flash on Monday.
Australian CB leading index, China HSBC manufacturing PMI, German and eurozone Markit manufacturing and services PMI, U.K. CPI, PPI and RPI, U.K. DCLG house price, U.S. core CPI, Redbook, Markit manufacturing PMI and new home sales on Tuesday.
New Zealand trade balance, Swiss UBS consumer indicator, German Ifo business climate, U.S. durable goods and SNB quarterly bulletin on Wednesday.
German GfK consumer sentiment, U.K. retail sales and CBI distributive trades, U.S. jobless claims and Markit services PMI on Thursday.
Japan's household spending, CPI, unemployment rate and retail sales, U.K. Nationwide house price, Germany import price index, U.S. non-farm payrolls, unemployment rate, U.S. final GDP and University of Michigan consumer sentiment index on Friday.