Intraday trading signal - page 17

 

GBP/USD Daily Market Outlook by AceTrader

INTRA-DAY GBP/USD: 1.5291

Last Update At 18 Mar 2010 06:24 GMT

Despite intra-day euro-led weakness, as price

has ratcheted higher after finding renewed buying

earlier at 1.5271, suggesting choppy consolidation

with mild upside bias remains but abv 1.5350/55 is

needed to bring re-test of y'day's high at 1.5382.

Turn 'cautious' buyer for this move n only below

1.5260/70 sup signals top is made, risks 1.5210/20.

Range Forecast

1.5285 / 1.5315

Resistance/Support

R: 1.5369/1.5382/1.5422

S: 1.5271/1.5227/1.5210

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EUR/USD Intraday signal by AceTrader

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD

EUR/USD: 1.3615

Late Update At 19 Mar 2010 06:50 GMT

Intra-day selloff in cable is likely to pressureeuro n as price has retreated after faltering be-low 1.3633 (o/n NY reaction high), suggesting thisweek's decline fm 1.3819 wud briefly penetrate NY1.3586 low but reckon sup at 1.3530 wud hold today.

Lower short entry for this move n exit on suchdecline. Abv 1.3648 may risk 1.3660/70 b4 'down'.

Range Forecast

1.3590 / 1.3620

Resistance/Support

R: 1.3648/1.3696/1.3726

S: 1.3586/1.3530/1.3484

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Support, Resistance and Range forecast-AceTrader

INTRA-DAY USD/JPY:

Last Update At 22 Mar 2010 04:31 GMT

Range Forecast

90.35 / 90.55

Resistance/Support

R: 90.81/90.97/91.09

S: 90.33/90.16/90.02

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INTRA-DAY EUR/USD:

Last Update At 22 Mar 2010 04:35 GMT

Range Forecast

1.3510 / 1.3540

Resistance/Support

R: 1.3565/1.3586/1.3648

S: 1.3503/1.3484/1.3433

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INTRA-DAY USD/CHF:

Last Update At 22 Mar 2010 04:35 GMT

Range Forecast

1.0600 / 1.0625

Resistance/Support

R: 1.0648/1.0703/1.0733

S: 1.0591/1.0573/1.0534

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INTRA-DAY GBP/USD:

Last Update At 22 Mar 2010 04:39 GMT

Range Forecast

1.4940 / 1.4980

Resistance/Support

R: 1.5017/1.5035/1.5073

S: 1.4940/1.4921/1.4873

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GBP/USD Daily Market Outlook by AceTrader

INTRA-DAY GBP/USD: 1.5082

Last Update At 23 Mar 2010 04:39 GMT

Cable has finally eased after extending y'day's

rally fm 1.4929 to 1.5112, as this strg rebound con

firms fall fm last week's high of 1.5382 has made a

temp. low, consolidation with mild upside bias is

seen for recovery to 1.5125/30 but 1.5164 wud hold.

For st trade, buy for 1.5110 n if price rises to

1.5135, sell for subsequent pullback to 1.5085.

Range Forecast

1.5065 / 1.5100

Resistance/Support

R: 1.5112/1.5128/1.5164

S: 1.5042/1.5013/1.4973

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Support, Resistance and Range forecast - AceTrader

INTRA-DAY USD/JPY:

Last Update At 24 Mar 2010 04:13 GMT

Range Forecast

90.40 / 90.65

Resistance/Support

R: 90.63/90.81/91.09

S: 90.35/90.13/90.07

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INTRA-DAY EUR/USD:

Last Update At 24 Mar 2010 05:34 GMT

Range Forecast

1.3405 / 1.3440

Resistance/Support

R: 1.3445/1.3485/1.3505

S: 1.3392/1.3378/1.3350

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INTRA-DAY USD/CHF:

Last Update At 24 Mar 2010 05:37 GMT

Range Forecast

1.0600 / 1.0630

Resistance/Support

R: 1.0622/1.0640/1.0662

S: 1.0560/1.0547/1.0534

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INTRA-DAY GBP/USD:

Last Update At 24 Mar 2010 05:56 GMT

Range Forecast

1.4930 / 1.4980

Resistance/Support

R: 1.5036/1.5088/1.5112

S: 1.4929/1.4873/1.4800

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AUD/USD Daily Market Outlook by AceTrader

INTRADAY TRADING SIGNAL BY ACETRADER.COM :

AUD/USD: 0.9101

Last Update At 25 Mar 2010 06:14 GMT

Despite aud's retreat fm 0.9121, subsequent re-

bound fm 0.9088/90 suggests further choppy trading

abv 0.9066 (AUS) wud continue, however, abv said

res is needed to signal a temp. low has been formed

there n yield retrace. to 0.9136/40 b4 'down'.

Below 0.9080/85 wud suggest correction is over

n bring possible re-test of said 0.9066 sup.

Range Forecast

0.9085 / 0.9120

Resistance/Support

R: 0.9121/0.9136/0.9150

S: 0.9088/0.9056/0.9040

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USD/JPY Daily Market Outlook by AceTrader

INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY

USD/JPY : 92.60

Last Update At 26 Mar 2010 04:26 GMT

Despite initial weakness to 92.39 after y'day's

resumption of recent upmove to 92.96 in NY, present

rebound due to renewed cross-selling in yen sug-

gests mild upside bias is seen, abv 92.77 (AUS) may

yield re-test of 92.96, then 93.10/20 b4 down.

Stand aside n sell dlr on upmove for day trade.

Below 92.39 signals top is possibly made, 92.15.

Range Forecast

92.45 / 92.77

Resistance/Support

R: 92.77/92.96/93.22

S: 92.39/92.15/91.76

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USD/JPY Daily Market Outlook by AceTrader

INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY

USD/JPY : 92.60

Last Update At 29 Mar 2010 06:53 GMT

Dlr's rebound fm 92.04 (NZ) to 92.79 on cross

selling in yen suggests pullback fm 92.96 has possi

bly ended there n consolidation with mild upside

bias wud be seen, however, abv 92.91/96 needed to

confirm recent upmove has resumed, 93.15/20 later.

Stand aside for now n sell on next rise for day

trade. Below 92.50 wud signal recovery over, 92.30.

Range Forecast

92.55 / 92.85

Resistance/Support

R: 92.90/92.96/93.22

S: 92.30/92.04/91.76

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Daily Market Outlook by AceTrader

Market Review - 29/03/2010 22:48GMT

Euro rises after Greek bond sales at open market

The greenback traded lower against most major currencies due to returned risk appetite after Greece's debt management agency said it sold new debt in the open market successfully, which gave support to euro.

The single currency was up for the second consecutive day on Monday as Greece sold 5 billion euros ($6.7 billion) of bonds in the first sale since European leaders agreed last week on a plan to support the nation as it worked to cut a deficit. Euro opened higher at 1.3530 but retreated immediately. The pair found support at the intra-day low of 1.3419 in Asian morning and rebounded briefly to 1.3507 in European morning in tandem with strength in cable. On other news, Eurozone economic sentiment rose to 97.7 in March versus the expectation of 97.2 from the reading of 95.9 in February whilst sentiment in industry improved to -10 from -13 versus the expectation of -11, Eurozone consumer sentiment stayed flat at -17 as expected. However, traders took profits on the positive news from Greece after its well-received bond auction and price retreated to 1.3436 in NY afternoon before stabilizing.

The British pound extended Friday's gain to 1.4975 in Australia on Monday but price retreated from there in tandem with euro. Buying interest later emerged at the intra-day low of 1.4893 in Asian morning and price rallied to 1.5019 in European morning after U.K. finance spokesman George Osborne said Britain opposition Conservatives have identified ways to cut total government spending by 12 billion pounds (US$ 17.9 billion), as U.K conservatives said Britain would raise tax thresholds for many to offset planned payroll tax rise. However, sterling retreated to 1.4956 on news that Standard & Poor's Rating Services kept negative outlook on U.K. Triple-A rating concerning the government has not been specific enough about how it will cut the budget deficit.

The Australian dollar found support on broad-based strength in commodity currencies, expectations of better retail sales this week and talk of another interest rate hike. RBA's Stevens said on Monday that house prices are 'getting quite high'. This signaled to traders that interest rates may need to be increased further and encouraged traders to buy the aussie. The pair traded with at firm undertone throughout the day and rallied to an intra-day high at 0.9180 in NY afternoon before stabilizing.

Economic data to be released on Tuesday include: Japan household spending, unemployment rate, industrial production, Germany Import price index, U.K. Nationwide house price, GDP, Canada PPI and U.S. consumer confidence.

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USD/JPY Daily Market Outlook by AceTrader

INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY

USD/JPY : 92.26

Last Update At 30 Mar 2010 04:25 GMT

Despite dlr's intra-day stronger-than-expected

weakness to 92.12, as dlr has edged higher after

trading abv y'day's low at 92.04, daily bullishness

is retained but abv 92.41/42 needed to confirm low

is made n yield further gain to 92.65/70 later.

Stand aside for now n hold long for day trade.

Only below 92.04 wud risk one more fall twd 91.76.

Range Forecast

92.15 / 92.35

Resistance/Support

R: 92.55/92.79/92.96

S: 92.04/91.76/91.40

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