Intraday trading signal - page 158
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 May6: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 06 May 2015 01:09 GMT
EUR/USD - 1.1180
Despite yesterday's initial sell off below Monday's low at 1.1122 to 1.1066 in Europe, subsequent intra-day rally to 1.1223 (New York) suggests correction from last Friday's 2-month peak at 1.1290 has ended there and consolidation with upside bias remains.
Above 1.1223/24 anytime would confirm this view and yield resumption of early up move from March's 12-year trough at 1.0457 to re-test said resistance, break, 1.1340/50 later.
On the downside, only below 1.1100 would indicate aforesaid recovery is over instead and bring re-test of 1.1066.
AceTraderFx May 6: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
06 May 2015 08:24GMT
EUR/USD - ....... Although euro extended gain from Tuesday's low at 1.1066 to 1.1267 in European morning, release of mixed Service PMIs from euro zone and its member countries checked intra-day gain there and price subsequently retreated in tandem with the British pound to 1.1226.
Markit research firm showed on Tue: Euro Zone Services PMI rose to 54.1 from previous reading of 53.7, German Services PMI fell to 54.0 from 54.4 in the preceding month; French Services PMI rose to a seasonally adjusted 51.4 from 50.8 in the preceding month; Italy Service PMI rose to 53.1 from 51.6 in previous month.
At the moment, bids from various accounts are reported at 1.1220-10 and then 1.1190/85 with a mixture of bids and stops at 1.1170-60.
On the upside, offers are placed 1.1260-70 and more at 1.1285/90 with stops building up above 1.1300.
AceTraderFx May 6: Daily Technical Outlook & Trading EUR/USD
DAILY EUR/USD TECHNICAL OUTLOOK
Last Update At 06 May 2015 00:16GMT
Trend Daily Chart
Sideways
Daily Indicators
Rising
21 HR EMA
1.1169
55 HR EMA
1.1162
Trend Hourly Chart
Sideways
Hourly Indicators
Rising
13 HR RSI
58
14 HR DMI
+ve
Daily Analysis
Consolidation with mild upside bias
Resistance
1.1316 - 2 times extension of 1.0521-1.0849 fm 1.0660
1.1290 - Last Fri's high
1.1222 - Y'day's high
Support
1.1149 - Y'day's hourly res, now sup
1.1118 - Y'day's hourly sup
1.1065 - Y'day's low
. EUR/USD - 1.1183.. The single currency met renewed selling at 1.1147 at European opening y'day n briefly tanked to 1.1066. However, euro rebounded on short-covering n later rallied to 1.1223 in NY after release of ballooning U.S. trade deficit n also renewed optimism about reaching a Greek deal next Mon.
. Looking at the bigger picture, euro's last week rally abv key 1.1062 res (previous reaction high fm 1.0457) signals a 'double bottom' formation at 1.0457 (2015 12-year trough in Mar) n the low at 1.0521 (Apr). As daily indicators are rising with macd crossing abv the zero line, price is en route to next chart obj. at 1.1534 (Feb peak) later this month, however, as the daily oscillators' readings would be in o/bot territory on such move, reckon 1.1667, being 100% projection of 1.0457-1.1062 measured fm 1.1062 would cap upside n yield decline. Y'day's rally fm 1.1066 to as high as 1.1222 suggests erratic fall fm last Fri's high at 1.1290 has made a low there n 1-2 days of 'choppy' consolidation with upside bias wud be seen but 1.1290 res wud hold on 1st testing.
. Today, expect consolidation after intra-day retreat fm 1.1223, buying dlr again on dips but abv 1.1223/24 needed to extend to 1.1267/70.
AceTraderFx May 7: Intra-Day News and Views (EUR/USD) & data to be released today
Intra-day Market Moving News and Views
07 May 2015 02:07GMT
EUR/USD - .......EU officials say Athens needs to make concessions so the Eurogroup can at least register significant progress on Monday, possibly enabling the ECB to let Greek banks buy more short-term gov't debt.
But Thomas Wieser, head of the Eurogroup Working Group which prepares decisions for the ministers, told CNBC late on Tuesday there were still outstanding issues in areas ranging from tax to labour market reform.
While Reuters reported many issues remain unsolved between Greece and its lenders and agreement at next Mon's Eurogroup meeting of euro zone FinMins is now not possible, Eurogroup chair Jeroen Dijsselbloem said.
Dijsselbloem was speaking after talks in Paris on Wed with French FinMin Michel Sapin, who also acknowledged to reporters that no deal was imminent.
Last night the single currency stabilised after intra-day rally to as high as 1.1370 on dollar's broad-based weakness after the release of less-than-expected ADP employment data.
Bids was located at 1.1320-10 with mixture of bids and stops seen at 1.1300. On the upside, offers was tipped at 1.1370-80 and more at 1.1400.
Thursday will see the release of Australia unemployment, Japan services PMI, Germany factory orders, France exports, imports, trade balance, U.S. jobless claims and Canada building permits.
AceTraderFx May 7: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 07 May 2015 08:00 GMT
USD/JPY - 119.40
Although dollar's sell off from Tuesday's high of 120.51 to as low as 119.21 yesterday signals near term rise from last Thursday's 4-week trough at 118.50 has ended there and choppy trading with downside bias would be seen
Only below the said support would encourage for a re-test of daily support at 118.33.
On the upside, only above 120.51 would indicate price remains confined inside early 7-week broad range of 122.03-118.33 and bring stronger gain towards 120.84 and then 121.20.
AceTraderFx May 8: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 08 May 2015 01:19 GMT
EUR/USD - 1.1248
Despite euro's brief rise above Wednesday high of 1.1371 to a fresh 10-week peak at 1.1392 in Europe on Thursday, subsequent intra-day sell off to 1.1237 in New York and then 1.1228 in Australia on Friday signals recent erratic up move has made a temporary top there and consolidation with downside bias is seen for a retracement towards 1.1120/30 but this week's low at 1.1066 (Tuesday) should hold.
On the upside, only above 1.1392 would confirm up move from March's 12-yaer trough at 1.0457 has resumed and extend gain to next daily chart objective at 1.1450, then 1.1534 later this month.
AceTraderFx May 8: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
07 May 2015 02:37GMT
USD/JPY- ...... Dlr maintained a firm undertone vs the yen in Tokyo morning n extended rally from Thur's low at 119.06 (NY morning) to 119.95 as April BoJ board meeting minutes offered no surprises on its outlook (see our prev. MMN).
Today's main focus for the greenback is on the release of U.S. jobs reports in NY morning. Economists are expecting U.S. non-farm payrolls to show an increase of 224,000 jobs in Apr from 124K in preceding month n the jobless rate to have ticked down to 5.4% from 5.5%.
At the moment, bids are noted at 119.70-60 n more at 119.50-40 with a mixture of bids n stops at 119.30-20. On the upside, offers from various accounts are placed around 120.00 n more at 120.20-30 with stops building up above this week's high at 120.51.
Fridaywill see the release of Japan's BoJ meeting minutes, Australia's RBA monetary policy statement, China's exports, imports, trade balance, Swiss unemployment rate, Germany's industrial production, exports, imports, trade balance, current account, Italy industrial output and UK trade balance and important U.S. non-farm payrolls and unemployment rate.
AceTraderFx May 8: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
08 May 2015 07:04GMT
GBP/USD- ...... Cable finally pares intra-day strong up move at European open after price spiked to 1.5448 in Australia from NY close of 1.5240 on what many put it as 'relief rally' after exit poll showed the ruling Conservative partly took a strong lead in the election. Despite minor knee-jerk price action in early Asian trading, the pound surged again above April's 1.5498 peak to a 2-month top of 1.5523 near Asian midday before coming off on broad-based long liquidation in sterling.
Looks like 1.5523 should be high print for the day until the release of key U.S. payrolls data n the upcoming U.K. trade balance at 08:30GMT is likely to be ignored.
Offers are tipped at 1.5490/00 and more above, initial bids are noted at 1.5420/00 with stops below there, more bids are touted at 1.5380-70 with stops below 1.5350.
So trading cable on both sideways of the market ahead of said U.S. NFP data is the way to go.
AceTraderFx May 11: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
11 May 2015 02:11GMT
USD/JPY - ...... Despite dlr's brief fall to 119.47 (Reuters) at NZ open on Monday, renewed broad-based strength in the greenback lifted price to 119.86 ahead of Asian open before retreating to 119.72, due partly to cross-buying in yen vs other major ccys.
Looks like choppy sideways trading below 120.24 (pre non-farm high) would continue ahead of European open as focus is on the USD/majors. However, buying dlr on dips is recommended as the encouraging U.S. jobless claims and non-farm payroll last week are drawing the investors' attention back on U.S.'s growth rather than early rate hike from Fed.
At the moment, bids are noted at 119.55/50, 119.25/20 and then 119.10-00 with stops building up below 119.00.
On the upside, cross-related offers are reported at 119.90-00 and more at 120.25/30 with selling interest from exporters located at 120.40-50.
This week will see the release of New Zealand REINZ house price, Australia's NAB business confidence, Germany's WPI, BOE bank rate and QE total on Monday.
U.K. BRC retail sales, Japan's leading indicator, U.K. industrial and manufacturing output, U.S. Redbook and Federal budget on Tuesday.
New Zealand food price index, Japan's current account, Australia's wage price index, Japan's economy watchers, China industrial output and retail sales, Germany's final CPI, GDP, HICP, U.K. claimant count unemployment, ILO unemployment rate, eurozone GDP and industrial production, U.S. export prices, import prices and retail sales on Wednesday.
U.K. RICS housing survey, Japan's foreign bond investment, New Zealand's RBNZ offshore holdings, Canada's new housing price index on Thursday.
Japan's consumer confidence, Swiss producer/import price, eurozone eurostat trade, U.S. NY Fed manufacturing, Canada's manufacturing sales, U.S. industrial output, foreign treasury buys, overall net capital flows and net long-term flows on Friday.
AceTraderFx May 11: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 11 May 201503:08 GMT
EUR/USD- 1.1153
Despite Friday's volatile trading in New York session after in-line U.S. payrolls data, euro's intra-day break of Friday's 1.1179 low in Asia this morning due to euro-bearish news over the weekend confirms decline from last Thursday's 10-week peak at 1.1392 to correct recent strong upmove has once again resumed and weakness towards 1.1122 is envisaged, reckon 1.1062 (previous res, now sup) would remain intact and yield rebound later this week.
Expect 1.1228/37 area to cap intra-day recovery and yield aforesaid fall, only above there signals 1st leg of correction is over but 1.1290 (Friday's New York high) should hold from here.