Intraday trading signal - page 154
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AceTraderFx Apr 16: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 16 Apr 201508:15 GMT
Despite dollar's resumption of decline from Monday's 3-week high of 120.84 to as low as 118.79 yesterday, subsequent rebound to 119.23 and then 119.47 signals a temporary low has been made and retracement to 119.75 may be seen.
However, reckon 120.12 resistance would remain intact and yield another fall later.
Below 118.72/79 would bring re-test of March's bottom at 118.33, breach would confirm corrective decline from March's near 8-year peak at 122.03 has finally resumed and extend weakness towards 117.90/00.
AceTraderFx Apr 17: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 17 Apr 2015 01:20 GMT
EUR/USD - 1.0775
Euro's rally above Wednesdays high of 1.0747 to 1.0818 yesterday signals erratic rise from Monday's 4-week trough at 1.0521 to retrace the entire fall from March's peak at 1.1062 has resumed and further gain to 1.0855 (61.8% r of 1.1062-1.0521) would be seen.
However, near term overbought condition should prevent sharp move beyond there today and risk has increased for a strong retreat later.
On the downside, only a daily close below 1.0685 (yesterday's New York morning support) would indicate a top is possibly made and shift risk to downside for weakness towards 1.0615/25.
AceTraderFx Apr 17: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
17 Apr 2015 02:48GMT
USD/JPY - ....... Although dlr met renewed selling below Asian high of 119.47 on Thur n retreated from 119.43 to 118.80 in NY session as this week's slew of soft U.S. economic data continued to show signs of a slowing economy, buying interest above Wednesday's low at 118.79 lifted price to 119.12 near NY close and dlr orbits 119.00 level in Tokyo morning session.
As dlr's overnight bounce from 118.82 suggests further choppy consolidation above 118.79 (Wed's low) would continue with mild upside, buying the pair on dips in anticipation of another rise toward 119.40/50 is recommended. However, sharp gain above there is unlikely to be seen ahead of NY open as market participants are awaiting the important U.S. CPI data at 12:30GMT. The Mar inflation data is widely expected to rise by 0.3%, compared to 0.2% in Feb. Core CPI, excluding food n energy, is expected to come in at 0.1%, off from 0.2% last month.
At the moment, offers are tipped at 119.30-40 n then 119.50-60 with mixture of offers n stops located just above 119.80.
On the downside, bids are placed at 118.80-70 n then 118.50-40 with stops emerging below daily key sup at 118.33 (March low).
Friday will see the release of Japan's consumer confidence index, Swiss retail sales, eurozone current account, U.K. ILO unemployment rate, eurozone inflation data, U.S. CPI, Canada's CPI and retail sales.
AceTraderFx Apr 17: Intra-Day News and Views (EUR/USD) & data to be released today
Intra-Day Market Moving News and Views
17 Apr 2015 07:43GMT
EUR/USD- ...... The single currency went trough a 'mini' roller-coaster session in European morning. Although euro rose marginally above Asian high of 1.0787 to 1.0791 and then tanked to a fresh session low at 1.0738 on news from Kathimerini newspaper saying that overseas bank subsidiaries have been told to exit Greek debt exposure, renewed cross-buying in euro lifted price above 1.0800 level to 1.0804.
At present, stops located just above yterday's high of 1.0818 are in focus, however, offers from various accounts are placed at 1.0830-40 and around 1.0850.
On the downside, bids are noted at 1.0770-60 and then 1.0740-30 with mixture of bids and stops at 1.0720-10.
AceTraderFx Apr 17: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 17 Apr 201509:06 GMT
USD/JPY- 118.87
Although dollar's intra-day breach of Wednesday's low at 118.79 suggests downside bias is seen for fall from Monday's high of 120.84 to pressure price towards March's bottom at 118.33, break needed to confirm corrective decline from March's near 8-year peak at 122.03 has finally resumed and extend weakness towards 117.90/00.
Above 119.47 would indicate a temporary low is made and shift risk to upside for gain towards 119.75, break would yield stronger gain towards 120.12.
AceTraderFx Apr 20: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 20 Apr 201501:17 GMT
EUR/USD - 1.0811
Despite euro's retreat after extending last week's upmove from 1.0521 (Monday) to 1.0849 Friday, subsequent rebound from 1.0734 in New York.
This suggests pullback has ended there and consolidation with upside bias remains, above said resistance anytime would bring stronger retracement of decline from March's peak at 1.1062 towards 1.0890/00.
On the downside, only a daily close below 1.0734 would indicate a top is possibly made and shift risk to downside for weakness towards 1.0685 and then 1.0640/50.
AceTraderFx Apr 20 : Weekly Technical Outlook & Trading GBP/USD
WEEKLY GBP/USD TECHNICAL OUTLOOK
Last Update At 19 Apr 2015 23:52GMT
Trend Daily Chart
Sideways
Daily Indicators
Turning up
21 HR EMA
1.4960
55 HR EMA
1.4915
Trend Hourly Chart
Near term up
Hourly Indicators
Turning down
13 HR RSI
53
14 HR DMI
+ve
Daily Analysis
Consolidation with upside bias
Resistance
1.5097 - 50% proj. of 1.4701-1.5053 fm 1.4921
1.5053 - Last Fri's high
1.5008 - Mar 19 high
Support
1.4916 - Last Fri's low
1.4880- Last Thur's Asian high (now sup)
1.4812 - Last Thur;s low
. GBP/USD - 1.4967... Although cable resumed MT downtrend to a near 5-year low of 1.4566 at the start of last week as market jitter of a hung parliament after May 7 U.K. election weighed on the sterling. Cable rallied in tandem with eur/usd n climbed for 5 consecutive days to 1.5053 in Europe Fri b4 retreating.
. On the daily chart, cable's aforesaid surprise rally fm 1.4566 to as high as 1.5053 confirms downtrend fm 2014 near 6-year peak at 1.7192 has indeed formed a temporary low there as this lvl was accompanied by 'bullish convergences' on both hourly & daily indicators n consolidation with upside bias is in store this week. A daily close abv 1.5166 wud retain bullish prospect for further headway to 1.5314 n possibly twd 1.5545, being a 'minimum' 38.2% r n 50% r respectively of intermediate decline fm 1.6525-1.4566. In view of abv analysis, buying cable on dips is recommended in anticipation of subsequent resumption of near upmove to 1.5166. On the downside, below 1.4802 wud signal 1st leg of correction is over n may risk stronger retracement twd 1.4701 b4 rebound.
. Today, Fri's retreat fm 1.5053 suggests consolidation is in store, reckon 1.4880/84 wud contain weakness n abv 1.5083 wud yield upmove to 1.5090/00.
AceTraderFx Apr 21: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 21 Apr 2015 01:22 GMT
EUR/USD - 1.0742
Despite euro's retreat after extending erratic rise from last Monday's 4-week trough at 1.0521 to 1.0849 Friday, as this move signals decline from March's peak at 1.1062 has formed a temporary low there, choppy trading with mild upside bias remains.
Reckon 1.0680/85 would contain weakness and yield rebound later.
Above 1.0805 (Monday's top in Europe) signals pullback over and bring another leg of correction to re-test 1.0849, break, 1.0880/90.
AceTraderFx Apr 21: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
21 Apr 2015 02:22GMT
USD/JPY - ...... Dlr rebounded on Mon after a brief fall to a near 4-week trough of 118.53 at European open as investors digested the soft U.S. economic data released last week and bought back the greenback. There was also early market chatter of option defence at 118.50.
Price rallied to 119.44 in NY and then marginally higher to 119.50 in Tokyo morning in part due to cross-selling in yen as intra-day gain in the Nikkei (currently up 165 points at19799) has boasted risk sentiment.
Although dlr's rebound from Monday's low at 118.53 suggests consolidation with mild upside bias would be seen in Asia and early Europe, selling interest is likely to emerge at 119.75/85 due to reducing hopes on Fed rate hike in H1 of 2015 and therefore, position traders can look to sell on intra-day up move and take profit on subsequent retreat.
At the moment, bids are noted at 119.20-10 and then 119.00-118.90 with mixture of bids and stops located at 118.70-60.
On the upside, offers from various accounts are reported at 119.65-75 and around 120.00 with stops emerging just above 120.20.
Tuesdaywill see the release of RBA meeting minutes, Japan's lending economic index, Germany's ZEW economic sentiment and U.S. Redbook.
AceTraderFx Apr 21 : Daily Technical Outlook & Trading USD/JPY
DAILY USD/JPY TECHNICAL OUTLOOK
Last Update At 20/04/2015 23:53 GMT
Trend Daily Chart
Sideways
Daily Indicators
Falling
21 HR EMA
119.13
55 HR EMA
119.08
Trend Hourly Chart
Near term up
Hourly Indicators
Rising
13 HR RSI
58
14 HR DMI
+ve
Daily Analysis
Initial rise b4 retreat
Resistance
120.12 - 14 Apr high
119.75 - Last Wed's high
119.44 - Y'day's high
Support
118.79 - Last Wed's low
118.53 - Y'day's low
118.33 - Mar 28 low
. USD/JPY - 119.26... The greenback met renewed selling at 119.02 in NZ on Mon n then fell briefly below last Fri's low at 118.57 to an intra-day low of 118.53 at European opening due to cross buying in jpy. However, dlr's broad-based strength lifted price to 119.44 in NY morning b4 easing.
. Despite extending decline fm last week's 120.84 high to a marginal low at 118.53 (4 ticks below last Fri's low at 118.57) on Mon, subsequent strg rebound to 119.44 suggests further choppy consolidation abv Mar's trough at 118.33 (reaction low fm 122.03 peak) wud continue n a retracement of early fall fm 120.84 to 119.69/75 (50% r of 120.84-118.53 n last Wed's high respectively) is likely, however, reckon minor res at 120.12/18 shud cap upside. Looking ahead, a break of said key daily sup at 118.33 anytime wud confirm fall 2015 near 8-year peak at 122.03 has finally resumed, then price wud be en route twd 117.14, this is 100% measurement of 122.03-118.33 projected fm 120.84.
. Today, as Mon's 118.53 low was accompanied by 'bullish convergences' on the hourly indicators, subsequent rally to 119.44 suggests 1-2 days of consolidation is in store. We're selling on upmove for subsequent retreat to 118.85/95.