Intraday trading signal - page 151
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 Mar 30: Intra-Day Market Moving News and Views (GBP/USD)
Intra-Day Market Moving News and Views
30 Mar 2015 09:21GMT
GBP/USD - ...... Although the British pound opened slightly higher in NZ and gained to 1.4901 at Asian open, price fell to 1.4855 in Asian morning, then lower in tandem with euro to session low at 1.4802 in European morning. However, cable found some support there and rebounded to 1.4866 and continued to trade with a firm bias.
Bids are now seen at 1.4820/30 and more below at 1.4800/10 with stops building up above there whilst initial offers are noted at 1.4890/00, this suggests further choppy trading would be seen till NY open.
Earlier this morning despite initial brief bounce to 1.4901 in Aust. following Reuters news of ruling Tory party's 4-point lead over the Labour party, intra-day weakness in eur/usd knocked cable briefly lower to 1.4862 in Asia before stabilising.
The pound is expected to move closely with euro today due to lack of U.K. economic data (mortgage approvals are out at 08:30GMT and choppy trading above Friday's 1.4797 low is expected today.
Having said that, the strong bounce from 1.4797 to 1.4923 Friday due to hawkish comments by BoE Gov Mark Carney suggests buying sterling on dips is favoured.
AceTraderFx Mar 31: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time:31 Mar 2015 01:39 GMT
EUR/USD- 1.0822
Yesterday's erratic decline to 1.0810 due to renewed market concerns over Greek debt suggests euro's early rebound from last Friday's 1.0801 low, although strong, had ended at 1.0949 and decline from last week's peak at 1.1052 (Thursday) would resume towards chart objective at 1.0767 after consolidation.
However, loss of downward momentum should keep price above 1.0742/46 and risk has increased for a retracement of aforesaid fall later today or tomorrow.
On the upside, a firm rise above Monday's European high would be the 1st signal a low is in place and risk gain to 1.0910/20 and then later towards 1.0949.
AceTraderFx Mar 31: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
31 Mar 2015 01:45GMT
USD/JPY - ....... The greenback climbs to a 1-week high of 120.36 in Tokyo morning after meeting renewed buying at 119.99 just ahead of Tokyo open.
The firmer open in the Nikkei following yesterday's broad-based rally in global stocks has boosted risk sentiment, triggering a broad-based selling of yen vs other currencies.
As yesterday's rally above Friday's 119.50 to 120.23 near NY close signals recent correction from Mar's near 8-year peak at 122.03 has made a low last week at 118.33, buying dlr on dips is the way to go.
At present, bids are noted at 120.00-119.80 with stops below there, on the upside, offers are touted at 120.30/40 and more at 120.60/65.
News earlier on Japan's ECOMIN Akira Amari, he said that there is no change to gov't fiscal discipline target of achieving primary budget surplus in fiscal 2020 and focus will probably shift to debt/GDP ratio after primary budget surplus achieved.
Tuesday will see the release of Australian HIA New Home Sales, U.K. GfK consumer sentiment, Japan's housing starts, German retail sales and unemployment, eurozone inflation and unemployment rate, U.S. Redbook, Chicago PMI and consumer confidence.
AceTraderFx Mar 31: Daily Technical Outlook & Trading Ideals USD/CHF
DAILY USD/CHF TECHNICAL OUTLOOK
Last Update At 31 Mar 2015 00:18GMT
Trend Daily Chart
Sideways
Daily Indicators
Turning down
21 HR EMA
0.9666
55 HR EMA
0.9643
Trend Hourly Chart
Near term up
Hourly Indicators
Rising
13 HR RSI
58
14 HR DMI
+ve
Daily Analysis
Choppy consolidation to continue
Resistance
0.9796 - Last Mon's Asian high
0.9729 - Mar 20 low (now res)
0.9693 - Last Fri's high
Support
0.9605 - Y'day's low
0.9558 - Last Fri's low
0.9536 - Last Tue's low
. USD/CHF - ...... Although the greenback traded sideways in Asia n briefly edged lower to 0.9605 in European morning, price swiftly rose to 0.9674 b4 retreating. However, dlr found renewed buying at 0.9620 in NY morning n gained to session high at 0.9689, helped by upbeat U.S. pending home sales data.
. Looking at the hourly n daily charts, dollar's strg rebound fm last wk's low at 0.9491 (Thur) to 0.9693 last Fri suggests the early 3-legged decline fm Mar's 2-month peak at 1.0129 has made a temporary low there n choppy trading with upside bias is seen. Abv 0.9693 wud extend gain twd 0.9729 (prev. sup, now res), then twds 0.9738, being the 50% r of fall fm 0.9984-0.9491, however, strg rise abv there is unlikely to be seen this week n reckon res 0.9796 wud remain intact n yield retreat later. On the downside, only below 0.9491 wud revive bearishness for a stronger retrace. of upmove fm Jan's 40-month trough at 0.7360 twds to 0.9448/50 (26 Feb low n 38.2% r of 0.8352 to 1.0129 resp.).
. Today, as current price is trading abv 21-hr n 55-hr emas, suggesting consolidation with upside bias remains, however, as hourly oscillators wud display bearish divergences on next rise, reckon 0.9729 wud hold on 1st testing.
AceTraderFx Apr 1: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
01 Apr 2015 00:28GMT
USD/JPY - ..... Breaking news on Reuters quoting comments from BoJ official who says :
Tankan show big manufacturers, non-manufacturers see labour market conditions at tightest levels since 2008;
tankan indexes show small manufacturers, non-manufacturers see labour conditions at tightest levels since 1992.
It reported earlier confidence among big Japanese manufacturers held steady in the 3 months to March and is expected to worsen slightly ahead, a closely watched central bank survey showed, in a worrying sign for the government's efforts to boost the economy.
The headline index for big manufacturers' sentiment was unchanged from 3 months earlier at plus 12 in March, the Bank of Japan's quarterly "tankan" survey showed on Wednesday.
That compared with the median estimate of plus 14 in a Reuters poll of economists.
Big firms plan to cut capital expenditures by 1.2% in the fiscal year that starts April 1, the survey showed. Companies tend to be cautious about capital spending plans at the beginning of a new fiscal year and often revise them up as the year progresses.
The tankan's sentiment indexes are derived by subtracting the number of respondents who say conditions are poor from those who say they are good. A positive reading means optimists outnumber pessimists.
Wednesday will see the release of Japan's tankan index, Australia's building approvals, China NBS manufacturing and non-manufacturing PMI, German and eurozone manufacturing PMI, U.K. manufacturing PMI, U.S. ADP employment, ISM manufacturing and construction spending.
AceTraderFx Apr1: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 01 Apr 2015 01:18 GMT
Euro's sell off from last Thursday's high of 1.1052 to as low as 1.0713 yesterday due to worries over Greece debts signals price would continue to gyrate inside early established broad range of 1.1062-1.0613.
Despite subsequent intra-day rebound, reckon 1.0800/10 would limit upside and yield another decline later.
Below 1.0713 would extend weakness to 1.0695 but near term loss of momentum should keep price above support at 1.0656 today and bring strong rebound later.
On the upside, only a daily close above 1.0845 would confirm a low is made and bring gain towards 1.0900 instead.
AceTraderFx Apr 1: Intra-Day Market Moving News and Views (EUR/USD)
Intra-Day Market Moving News and Views
01 Apr 2015 08:24GMT
EUR/USD - ...... Despite release of a slew of better-than-expected mfg PMIs from euro zone n its member countries, active cross-selling in euro kept price under pressure in European morning n price extended fall from Asian high of 1.0792 to 1.0742 b4 moving sideways.
Offers are noted at 1.0760-70 n around 1.0780 with mixture of offers n stops emerging above 1.0800. On the downside, bids are placed at 1.0730/20 n around 1.0715 with stops located just below 1.0700.
Research group Markit said on Wed that French manufacturing PMI rose to a seasonally adjusted 48.8 in Mar, from 48.2 in the preceding month, German manufacturing PMI rose to a seasonally adjusted 52.8, from 52.4 in the preceding month, and euro zone's manufacturing PMI rose to 52.2, from 51.9 in the preceding month.
AceTraderFx Apr2: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 02 Apr 2015 01:12 GMT
EUR/USD - 1.0757
Euro's sell off from last Thursday's high of 1.1052 to as low as 1.0713 Tuesday due to worries over Greece debts signals price would continue to gyrate inside early established broad range of 1.1062-1.0613.
Despite yesterday's intra-day rebound to 1.0800, reckon 1.0845 would limit upside and yield another decline later, below 1.0713 would extend weakness to 1.0695 but near term loss of momentum should keep price above support at 1.0656 today.
On the upside, only a daily close above 1.0845 would confirm a low is made and yield gain towards 1.0900 before prospect of a retreat.
AceTraderFx Apr 2: Intra-Day News and Views (GBP/USD) & data to be released today
Intra-Day Market Moving News and Views
02 Apr 2015 02:44GMT
GBP/USD - ...... Although cable fell in tandem with euro in Asia on Wednesday and then tumbled to a fresh 1-1/2 week trough at 1.4740 in European morning despite the release of upbeat Markit/CIPS Mfg PMI for March, intra-day rebound in eur/usd lifted price to 1.4847 in NY morning before moving sideways in NY afternoon session.
Yesterday's rebound from 1.4740 suggests further choppy trading inside early broad range of 1.5166 (post-FOMC high)-1.4689 would continue ahead of Friday's important U.S. non-farm payroll data and with mild upside bias and buying the pound on intra-day pullback is recommended today.
Having said that, investors shud pay attention to the release of U.K. Markit/CIPS construction PMI at 08:30GMT.
Market expects the reading to drop slightly to 59.5 from 60.1 in preceding month.
At the moment, bids from various accounts are noted at 1.4810-00, 1.4785/80 and then 1.4760-50 with stops emerging below 1.4740.
On the upside, offers are placed at 1.4860-70 and around 1.4890 with stops located just above 1.4900.
Thursday will see the release of Australia's trade balance, U.K. Markit constructions PMI, U.S. jobless claims, Canada's import, export and trade balance, U.S. ISM New York index, durable goods and factory orders.
AceTraderFx Apr2: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major USD/JPY
Update Time:02 Apr 2015 08:09 GMT
USD/JPY- 119.50
Dollar's sell off to 119.45 yesterday after being capped below Tuesday's high of 120.37 suggests upmove from last Thursday's 5-week trough at 118.33 has made a temporary top there earlier and consolidation with downside bias remains for a retracement to 119.11 (61.8% r of 118.33-120.37).
However, sup at 118.93 would hold today and yield rebound later.
On the upside, only a move back above 120.37 would extend aforesaid corrective rise to 120.62 (61.8% r of 122.03-118.33) and then 121.00 but res at 121.20 should cap upside.